Mrs. Bectors Food Specialities Ltd Stock Analysis

BSE: 543253 | NSE: BECTORFOOD | Consumer Food | Small Cap

BSE Share Price 27-Jan-2023 18:01
473.80 0.10 (0.02%)

DeciZen - Make an Informed Decision on Mrs.Bectors Food

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Mrs.Bectors Food Price Chart

P/E Ratio ( CD) :
46.29
Market Cap :
2,786.8 Cr.
52-wk low :
245
52-wk high :
478.2
Bole Toh?

1. Is Mrs. Bectors Food Specialities Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mrs. Bectors Food Specialities Ltd is a average quality company.

2. Is Mrs. Bectors Food Specialities Ltd undervalued or overvalued?

The key valuation ratios of Mrs. Bectors Food Specialities Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mrs. Bectors Food Specialities Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mrs. Bectors Food Specialities Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mrs.Bectors Food:

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.
Mrs. Bectors Food Specialities Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%15%15.5%11.5%11.6%9.9%9.1%15.7%10.7%-
Value Creation Index NANA0.10.1-0.2-0.2-0.3-0.40.1-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 005845836256917847628819881,164
YoY Gr. Rt. %-NANA-0.2%7.2%10.6%13.5%-2.8%15.6%12.2%-
Adj EPS 009.911.8106.35.85.312.39.710.3
YoY Gr. Rt. %-NANA19.4%-15.6%-36.7%-8.4%-8.5%132.5%-21.5%-
BVPS (₹) 0060.172.982.346.651.355.673.379.784.4
Adj Net Profit 0028.333.828.636.233.130.372.356.860
Cash Flow from Ops. 0049.348.854.746.45410911084.3-
Debt/CF from Ops. 001.211.22.931.21.21.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA9.6%8%12.2%
Adj EPS NA-0.6%18.7%-21.5%
BVPS 0-0.615.88.7
Share Price - - - 29.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0016.417.812.914.411.89.919.312.612.5
Op. Profit Mgn % 0012.112.911.212.312.312.316.112.411.6
Net Profit Mgn % 004.85.84.65.24.248.25.85.2
Debt to Equity 000.30.20.30.50.60.40.30.30.2
Working Cap Days 0006873697685727185
Cash Conv. Cycle 0002626283335272937

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 18.67%

Sales growth is good in last 4 quarters at 25.80%

Return on Equity has declined versus last 3 years average to 12.50%

Sales growth has been subdued in last 3 years 8.04%

Latest Financials - Mrs. Bectors Food Specialities Ltd.

Standalone Consolidated
TTM EPS (₹) 8.4 10.3
TTM Sales (₹ Cr.) 1,080 1,164
BVPS (₹.) 79.9 84.4
Reserves (₹ Cr.) 411 438
P/BV 5.93 5.62
PE 56.11 46.29
From the Market
52 Week Low / High (₹) 245.00 / 478.20
All Time Low / High (₹) 245.00 / 629.80
Market Cap (₹ Cr.) 2,787
Equity (₹ Cr.) 58.8
Face Value (₹) 10
Industry PE 61.4

Management X-Ray of Mrs.Bectors Food :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mrs.Bectors Food

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

News

Mrs. Bectors Food Specialities Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mrs.Bectors Food on 27-Jan-2023 18:01 is : 473.8.
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 27-Jan-2023 18:01 the market cap of Mrs.Bectors Food stood at ₹ 2,786.8.
The latest PE ratio of Mrs.Bectors Food as of 27-Jan-2023 18:01 is 56.11.
The latest PB ratio of Mrs.Bectors Food as of 27-Jan-2023 18:01 is 5.93
The 52-week high of Mrs.Bectors Food is ₹ 478.2 and the 52-week low is ₹ 245.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mrs.Bectors Food is ₹ 1,080 ( Cr.) .

About Mrs. Bectors Food Specialities Ltd

The company was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 15, 1995 issued by the Registrar of Companies, N.C.T of Delhi and Haryana. The name of the company was changed to Mrs. Bectors Food Specialities Private Limited as approved by its shareholders by way of a resolution dated December 10, 1999 and a fresh certificate of incorporation dated December 15, 1999 was issued by the Registrar of Companies, N.C.T of Delhi and Haryana. The name of the company was changed to Mrs. Bectors Food Specialities Limited pursuant to a resolution of the shareholders dated December 7, 2001 and a fresh certificate of incorporation dated December 10, 2001 was issued by the Registrar of Companies, N.C.T of Delhi and Haryana.

Business area of the company

The company is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. It manufactures and markets a range of its biscuits such as cookies, creams, crackers, digestives and glucose under its flagship brand ‘Mrs. Bector’s Cremica’. It also manufacture and market bakery products in savoury and sweet categories which include breads, buns, pizza bases and cakes under its brand ‘English Oven’. It supplies its products to retail consumers in several states within India, as well as to reputed institutional customers with pan-India presence. ‘Mrs. Bector’s Cremica’ is one of the leading biscuit brands in the premium and mid-premium segment in Punjab, Himachal Pradesh, Jammu and Kashmir and Ladakh and ‘English Oven’ is the one of the largest selling brand in the premium bakery segment in Delhi NCR, Mumbai and Bengaluru. It is the largest supplier of buns in India to reputed QSR chains such as Burger King India, Connaught Plaza Restaurants, Hardcastle Restaurants, and Yum! Restaurants (India).

Awards, accreditations and recognition

  • 2010: The company received the Apeda Export Award for Outstanding Export Performance and Contribution in the Processed Foods Sector.
  • 2016: The company received Food Safety System Certification 22000 from UK AS Management Systems for manufacturing (pre-mixing, mixing, moulding, baking cooling, sandwiching) of biscuits and cookies for a period of three years from March 10, 2016.
  • 2018: The company received the Award of Honour by Income Tax Department, Ludhiana.
  • 2019: The company received the Award for Best Brand for 2018-2019 by The Economic Times.
  • 2019: The company received the Award for Excellence in Partnership by KFC.
  • 2019: The company received Food Safety System Certification 22000 from UK AS Management Systems for manufacturing of biscuits.
  • 2020: The company received a renewal for Food Safety System Certification 22000 from UK AS Management Systems for manufacturing (pre-mixing, mixing, moulding, baking cooling, sandwiching) of biscuits and cookies.
  • 2020: The company received Food Safety System Certification 22000 from UK AS Management Systems for manufacturing of Fresh and Frozen (Bread, Pizza base & Bun).

Major events and milestones

  • 2006: Entered into a business transfer agreement dated October 11, 2006 with CAFL wherein the business in relation to manufacturing of food products such as biscuits, buns and namkeen etc. of CAFL was transferred to the company on slump sale basis.
  • 2006: Investment of Rs 750.00 million by Jade Dragon (Mauritius) Limited through subscription of Series A Preference Shares and Series B Preference Shares of the company by way of a share subscription agreement.
  • 2007: Commenced supply of buns to Hardcastle Restaurants Private Limited which operates multiple restaurants in West and South geographies in India.
  • 2010: Entered into an agreement with Cadbury India Limited for the manufacture of biscuits.
  • 2013: Commissioned operations through company’s Khopoli Manufacturing Facility for production and supply of buns to Hardcastle Restaurants Private Limited.
  • 2014: Commenced the bun operations at company’s Bengaluru Manufacturing Facility for production and supply of buns to Hardcastle Restaurants Private Limited.
  • 2015: Linus, Mabel, GW Confectionary and GW Crown acquired stake in the company.
  • 2017: Capacity expansion of bun line by installation of bakery machinery and equipment at company’s Greater Noida Manufacturing Facility.
  • 2018: Introduction of new bread line by installation of bakery machinery and equipment establishment at company’s Greater Noida Manufacturing Facility.
  • 2018: Established new production line for breads at company’s Bengaluru Manufacturing Facility.
  • 2018: Commenced operations at company’s Rajpura Manufacturing Facility.
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