Mrs. Bectors Food Specialities Ltd - Stock Valuation and Financial Performance

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

Mrs.Bectors Food Share Price

1,099 12.50 1.15%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mrs.Bectors Food

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Mrs. Bectors Food Specialities stock performance -

mw4me loader
P/E Ratio (CD):
48.77
Market Cap:
6,554 Cr.
52-wk low:
506.3
52-wk high:
1,373

Is Mrs. Bectors Food Specialities Ltd an attractive stock to invest in?

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 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%15%15.5%11.5%11.6%9.9%9.1%15.7%10.7%15.1%-
Value Creation
Index
NA0.10.2-0.2-0.1-0.3-0.40.1-0.20.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 05845836256917847628819881,3621,564
Sales YoY Gr.-NA-0.2%7.2%10.6%13.5%-2.8%15.6%12.2%37.8%-
Adj EPS 04.95.956.35.85.312.39.714.722.9
YoY Gr.-NA19.6%-15.6%26.5%-8.4%-8.5%132.5%-21.5%51.8%-
BVPS (₹) 030.136.441.246.651.355.673.379.792.5108.9
Adj Net
Profit
028.333.828.636.233.130.372.356.886.3134
Cash Flow from Ops. 049.348.854.746.45410911084.3164-
Debt/CF from Ops. 01.211.22.931.21.21.50.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA14.6%21.4%37.8%
Adj EPS NA18.4%40.5%51.8%
BVPSNA14.7%18.5%16.1%
Share Price - - 49.1% 104.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
016.417.812.914.411.89.919.312.61722.7
Op. Profit
Mgn %
012.112.911.212.312.312.316.112.412.914.8
Net Profit
Mgn %
04.85.84.65.24.248.25.86.38.6
Debt to
Equity
00.30.20.30.50.60.40.30.30.2-
Working Cap
Days
00687369768572716440
Cash Conv.
Cycle
00262628333527292318

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.70%

Sales growth is growing at healthy rate in last 3 years 21.36%

Net Profit is growing at healthy rate in last 3 years 40.46%

Sales growth is good in last 4 quarters at 24.37%

No data to display

Latest Financials - Mrs. Bectors Food Specialities Ltd.

Standalone Consolidated
TTM EPS (₹) 19.9 22.9
TTM Sales (₹ Cr.) 1,454 1,564
BVPS (₹.) 100.7 108.9
Reserves (₹ Cr.) 534 582
P/BV 11.06 10.23
PE 56.02 48.77
From the Market
52 Week Low / High (₹) 506.30 / 1373.00
All Time Low / High (₹) 245.00 / 1373.00
Market Cap (₹ Cr.) 6,554
Equity (₹ Cr.) 58.8
Face Value (₹) 10
Industry PE 65.3

Management X-Ray of Mrs.Bectors Food:

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 Mrs.Bectors Food

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5845836256917847628819881,362
Operating Expenses 5135075556066876697398651,187
Manufacturing Costs463737425251516182
Material Costs339324361383424407462551754
Employee Cost 69798191110118127138163
Other Costs 6067759010192100116187
Operating Profit 717570859793141123176
Operating Profit Margin (%) 12.1%12.9%11.2%12.3%12.3%12.3%16.1%12.4%12.9%
Other Income 29222310612
Interest 9656131610713
Depreciation 192225273542454653
Exceptional Items 000000000
Profit Before Tax 4557425351399776121
Tax 16171317189251931
Profit After Tax 294029363330725790
PAT Margin (%) 5.0%6.9%4.6%5.2%4.2%4.0%8.2%5.8%6.6%
Adjusted EPS (₹)5.17.05.06.35.85.312.39.715.3
Dividend Payout Ratio (%)0%7%10%12%13%14%20%26%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 172209236267294319431469544
Share Capital 292929575757595959
Reserves 144180207209237261372410486
Minority Interest000000000
Debt45425412214010413010199
Long Term Debt36233796107861158894
Short Term Debt9191726331816135
Trade Payables272638394947575877
Others Liabilities 4479537994976394110
Total Liabilities 289356380507577566681722831

Fixed Assets

Gross Block262279303365447477519619683
Accumulated Depreciation831038410884123165208257
Net Fixed Assets179176220257363354354411426
CWIP 2191292167551249
Investments 9139444101111
Inventories273328353543577981
Trade Receivables4446586910075727590
Cash Equivalents 101120111230858375
Others Assets195834394753485299
Total Assets 289356380507577566681722831

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 494955465410911084164
PBT 4557425351399776121
Adjustment 282030345262474761
Changes in Working Capital -10-11-2-25-3421-12-1712
Tax Paid -14-17-15-16-14-12-22-21-30
Cash Flow From Investing Activity -15-34-52-113-61-43-125-57-151
Capex -16-30-58-119-61-41-80-59-108
Net Investments -6-2355-1-3-47-1-47
Others 7191111244
Cash Flow From Financing Activity -35-145597-5128-30-37
Net Proceeds from Shares 0000004210
Net Proceeds from Borrowing 00175921-1214-120
Interest Paid -8-6-4-6-12-15-9-7-12
Dividend Paid 0-1-5-4-6-50-21-15
Others -27-7-3105-19-189-10
Net Cash Flow 017-801514-2-23
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.9320.9712.9714.3411.839.919.2912.717.78
ROCE (%)23.4225.7216.8416.9614.9112.0621.1314.3421.22
Asset Turnover Ratio2.061.881.741.561.451.331.411.411.75
PAT to CFO Conversion(x)1.691.231.91.281.643.631.531.471.82
Working Capital Days
Receivable Days272730344042302722
Inventory Days161817171619212521
Payable Days293032373843413833

Mrs. Bectors Food Specialities Ltd Stock 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 28-Mar-2024 16:01 is ₹1,099.
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 28-Mar-2024 16:01 the market cap of Mrs.Bectors Food stood at ₹6,554.
The latest P/E ratio of Mrs.Bectors Food as of 28-Mar-2024 16:01 is 56.02.
The latest P/B ratio of Mrs.Bectors Food as of 28-Mar-2024 16:01 is 11.06.
The 52-week high of Mrs.Bectors Food is ₹1,373 and the 52-week low is ₹506.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mrs.Bectors Food is ₹1,454 ( 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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