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Tasty Bite Eatables Ltd Stock Analysis

Small Cap
Evaluated by 923 users | BSE: 519091 | NSE: TASTYBITE |
Consumer Food

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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.2%9.37%13.66%8.43%14.43%19.14%18.7%17.58%23.32%21%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 81.482.4112145177208252296337426
Y-o-Y Gr. Rt.-1.3%35.3%30.4%21.6%17.8%21.1%17.4%13.8%26.4%
Adjusted EPS (Rs.) 5.2812.628.9520.4639.3164.1280.1289.37130.21152.26
Y-o-Y Gr. Rt.-138.6%129.8%-29.3%92.1%63.1%25%11.6%45.7%16.9%
Book Value per Share (Rs.) 87.6892.97116.42132.09172.06234.79288.73384.41507.68629.03
Adjusted Net Profit 1.43.27.45.310.116.520.622.933.439.1
Net Op. Cash Flow (Rs. Cr.) 911.3-2.323.59.814.912.321.255.636.8
Debt to Cash Flow from Ops 1.951.89-18.681.884.422.725.142.020.691.68
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Tasty Bite Eatables Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 20.2%19.2%19.1%26.4%
Adjusted EPS 45.3%31.1%23.9%16.9%
Book Value per Share 24.529.629.623.9
Share Price 69.8% 51.9% 17.8% 48.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 6.0713.627.0616.1725.4631.1730.426.428.8926.48
Operating Profit Margin (%) 5.188.8612.768.7413.9116.4617.0516.0915.0210.57
Net Profit Margin (%) 1.663.926.663.615.77.98.157.759.929.18
Debt to Equity 0.760.871.421.280.970.660.850.430.30.38
Working Capital Days 1451191021008791108121126124
Cash Conversion Cycle 57362920142640474546
Entity Percentage Holding
Promoters 74.23%
Institutions 4.20%
Non-Institutions 21.57%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Tasty Bite Eatables Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Tasty Bite Eatables Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Tasty Bite Eatables Ltd's performance infers:

Tasty Bite Eatables Ltd earnings have grown by 31.1%, whereas share price has appreciated 51.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Tasty Bite Eatables Ltd share prices over the last 10 years. Here is what we found out:

Tasty Bite Eatables Ltd share price has appreciated 58.4% annually over the past ten years.

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),

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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