Tasty Bite Eatables Ltd Stock Analysis

BSE: 519091 | NSE: TASTYBITE | Consumer Food | Small Cap

BSE Share Price 31-Mar-2023 18:02
8028.60 -7.50 (-0.09%)

DeciZen - Make an Informed Decision on Tasty Bite Eatables

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Tasty Bite Eatables Price Chart

P/E Ratio ( SA) :
80.04
Market Cap :
2,060.1 Cr.
52-wk low :
7,955.4
52-wk high :
14,400
Bole Toh?

1. Is Tasty Bite Eatables Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tasty Bite Eatables Ltd is a good quality company.

2. Is Tasty Bite Eatables Ltd undervalued or overvalued?

The key valuation ratios of Tasty Bite Eatables Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tasty Bite Eatables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tasty Bite Eatables Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Tasty Bite Eatables:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tasty Bite Eatables Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 13.7%8.4%14.4%19.1%18.7%17.6%23.3%21%14.6%4.6%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 112145177208252296337426385372465
YoY Gr. Rt. %-30.4%21.6%17.8%21.1%17.4%13.8%26.4%-9.5%-3.4%-
Adj EPS 2920.539.364.180.189.4130.2152.3145.131.6100.3
YoY Gr. Rt. %--29.3%92.1%63.1%25%11.6%45.7%16.9%-4.7%-78.2%-
BVPS (₹) 116.4132.1172.1234.8288.7384.4507.7629798.5839.6922.5
Adj Net Profit 7.45.310.116.520.622.933.439.137.28.126
Cash Flow from Ops. -2.323.59.814.912.321.255.636.840.165-
Debt/CF from Ops. -18.71.94.42.75.120.71.72.71.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.3%8.1%3.4%-3.4%
Adj EPS 1%-17%-37.6%-78.2%
BVPS 24.623.818.35.2
Share Price 50% 1.5% -3.2% -27.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.116.225.531.230.426.428.926.520.13.811.4
Op. Profit Mgn % 12.88.713.916.517.116.11510.6149.112.4
Net Profit Mgn % 6.73.65.77.98.27.89.99.29.72.25.5
Debt to Equity 1.41.310.70.90.40.30.40.50.3-
Working Cap Days 10210087911081211261241691790
Cash Conv. Cycle 292014264047454661620

Recent Performance Summary

Sales growth is good in last 4 quarters at 24.17%

Return on Equity has declined versus last 3 years average to 11.40%

Sales growth has been subdued in last 3 years 3.36%

Net Profit has been subdued in last 3 years -37.60%

Latest Financials - Tasty Bite Eatables Ltd.

Standalone Consolidated
TTM EPS (₹) 100.3 -
TTM Sales (₹ Cr.) 465 -
BVPS (₹.) 922.5 -
Reserves (₹ Cr.) 234 -
P/BV 8.70 -
PE 80.04 -
From the Market
52 Week Low / High (₹) 7955.40 / 14400.00
All Time Low / High (₹) 3.50 / 21470.50
Market Cap (₹ Cr.) 2,060
Equity (₹ Cr.) 2.6
Face Value (₹) 10
Industry PE 55.8

Management X-Ray of Tasty Bite Eatables :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tasty Bite Eatables

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Tasty Bite Eatables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tasty Bite Eatables on 31-Mar-2023 18:02 is : 8,028.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Tasty Bite Eatables stood at ₹ 2,060.1.
The latest PE ratio of Tasty Bite Eatables as of 31-Mar-2023 18:02 is 80.04.
The latest PB ratio of Tasty Bite Eatables as of 31-Mar-2023 18:02 is 8.70
The 52-week high of Tasty Bite Eatables is ₹ 14,400 and the 52-week low is ₹ 7,955.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tasty Bite Eatables is ₹ 465.1 ( Cr.) .

About Tasty Bite Eatables Ltd

Tasty Bite Eatables, established in 1985, is in the business of manufacturing and marketing ready-to-serve food and frozen vegetables. The company’s factory is located at Village Bhandgaon, Taluka Daund, Pune, Maharashtra. The company sells its products under brand name ‘Tasty Bite’. It also exports its products to Australia and the United States. The company’s factory is ISO9001-2000, HACCP (Hazard Analysis and Critical Control Point), and ISO14000 (environmental management) certified. Tasty Bites has exceptional retort pouches developed for the Apollo space programme. Tested to withstand extreme temperatures and heights from well below sea level to as high as the moon, this retort packaging has made Tasty Bites favourite with campers, mountain climbers, sailing expeditions and desert safaris.

Business area of the company

The company manufacture food for kitchens of all sizes. The company is in manufacturing prepared foods and food intermediates across shelf-stable, frozen and chilled food formats. With rigorous quality checks, it ensure that only the finest products reach its customers.

Products

The Tasty Bite range of ready-to-eat and easy-to-cook, all-natural products cover the gamut of Indian and Asian cuisines and include a vast selection of entrees, ready-to-cook sauces, and organic rice and whole-grain preparations.

Awards

  • 2012: Debutante Supplier of the year by Pizza Hut
  • 2013: Best Innovation Partner by KFC
  • 2013: Crisis Like Collaboration by YUM
  • 2017: SOFI Award for Tasty Bite Tikka Masala & Thai Green Curry
  • 2017: Excellence Award by Taco Bell
  • 2018: Most Dependable Partner By Jubilant FoodWorks
  • 2019: India’s 25 Best Workplace in Manufacturing by GPTW
  • 2019: True Partner by Taco Bell

Milestones

  • 1985: Tasty Bite Eatables Limited incorporated as a Public Limited Company
  • 1986: TBEL becomes pioneers of 'Retort' technology in India
  • 1987: Initial Public Offering by TBEL
  • 1987: 1st commercial production begins at TBEL Pune facility
  • 1990: 5 SKUs of Tasty Bite RTS range launched in India
  • 1993: TBEL referred to Board of Industrial and Financial Reconstruction (BIFR) owing to losses and net worth erosion
  • 1995: 1st export consignment to Preferred Brands International Inc (PBI)
  • 1998: PBFIPL becomes promoter & shareholder
  • 2000: TBEL receives HACCP & ISO 2200 certification
  • 2003: TBEL declared profitable
  • 2005: TBEL receives the coveted C-TPAT certification
  • 2006: Tasty Bite forays into foodservice business in India. Launches a new business vertical 'TFS' - Tasty Bite Foodservice
  • 2006: TBEL certified for Kosher & Halal
  • 2007: TBEL transitions to 'Briquettes' to fuel boilers, accounting to 70-80% of total enery consumption
  • 2008: TBEL gets EMS OHSAS certified
  • 2009: TBEL ranked among India's Top-50 Best Companies To Work For by GPTW
  • 2009: First divident declared in history of TBEL
  • 2010: State-of-the-art R&D facility - TBRC (Tasty Bite Research Centre) inaugrated at Pune
  • 2010: TBEL ranked among India's Top-100 Best Companies To Work For by GPTW
  • 2011: TBEL crosses INR 1 Billion mark in revenues
  • 2011: TBEL Pune facility receives BRC certification
  • 2012: TBEL ranked among India's Top-50 Best Companies To Work For by GPTW
  • 2012: 'Debutante Supplier of the Year' award by Pizza Hut
  • 2013: KFC names TBEL as the 'Best Innovative Partner'
  • 2013: TBEL invests in state-of-the-art sauce technology to manufacture preservative-free ambient sauces
  • 2014: TBEL begins its organic transformation journey with Tasty Bite Plain Rice
  • 2014: TBEL utilizes wind energy to fuflfil 15-18% of total energy requirement
  • 2015: Acquisition of TBEL by Kagome Co Ltd
  • 2015: TBEL receives NPOP / NOP certification
  • 2016: TBRC wins the Food Processing magazine 'R&D Team of the year' award
  • 2017: TBEL's foodservice business (TFS) expands its horizons to international markets
  • 2017: Tikka Masal & Thai Green Curry receive SOFI award
  • 2017: TBEL commisisons a full-scale bio gas plant for energy conversion & waste management
  • 2017: 'Excellence Award' by Taco Bell
  • 2017: Acquisition of TBEL by Mars Incorporated
  • 2018: 'Tasty Bite Foundation' gets Incorporated as the CSR arm of TBEL
  • 2018: TBEL receives COR certification
  • 2018: Jubilant FoodWorks recognizes TBEL as the 'Most Dependable Partner'
  • 2019: TBEL's flagship RTE product'Madras Lentils' transitions to 'Organic'
  • 2019: GPTW recognizes TBEL as India's 25 Best Workplaces in Manufacturing - 2019
  • 2019: TBEL installs solar roof panels as a part of its UN Sustainable Goals commitment
  • 2019: True Partner Award by Taco Bell
  • 2019: GPTW ranks TBEL among India's 75 Best Workplaces for Women 2019
  • 2020: TBEL launches 'Tasty Bite XCLUSIVE' with a range of specialty frozen snacks in India
  • 2020: TBEL is ranked amongst the top-500 listed companies in India based on market capitalisation
  • 2020: TBEL receives HALAL MU certification
  • 2020: GPTW ranks TBEL among India's 100 Best Workplaces for Women - 2020
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