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BSE: 544140 | NSE: GOPAL | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Gopal Snacks Ltd is a average quality company.
The key valuation ratios of Gopal Snacks Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Gopal Snacks Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 13.6% | 22.1% | 44% | 32.1% | - |
| Value Creation Index ⓘ | 0.0 | 0.6 | 2.3 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 1,128 | 1,351 | 1,395 | 1,403 | 1,467 |
| Sales YoY Gr. | - | 19.8% | 3.2% | 0.6% | - |
| Adj EPS ⓘ | 1.8 | 3.3 | 9 | 8 | 7.8 |
| YoY Gr. | - | 89.2% | 170.9% | -11.5% | - |
| BVPS (₹) ⓘ | 10.9 | 14.3 | 23.3 | 31.3 | 35.6 |
| Adj Net Profit ⓘ | 21.9 | 41.5 | 112 | 99.4 | 97 |
| Cash Flow from Ops. ⓘ | 22.4 | 58.6 | 122 | 68.3 | - |
| Debt/CF from Ops. ⓘ | 6.2 | 2.8 | 0.9 | 1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 7.5% | 0.6% | ||||
| Adj EPS ⓘ | NA | NA | 65.5% | -11.5% | ||||
| BVPSⓘ | NA | NA | 42.2% | 34.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.1 | 26.5 | 48 | 29.2 | 23.3 |
| Op. Profit Mgn % ⓘ | 5.5 | 7 | 14.1 | 12 | 11 |
| Net Profit Mgn % ⓘ | 1.9 | 3.1 | 8.1 | 7.1 | 6.6 |
| Debt to Equity ⓘ | 1 | 0.9 | 0.4 | 0.2 | 0 |
| Working Cap Days ⓘ | 0 | 34 | 42 | 59 | 34 |
| Cash Conv. Cycle ⓘ | 0 | 23 | 31 | 47 | 23 |
Net Profit is growing at healthy rate in last 3 years 65.51%
Return on Equity has declined versus last 3 years average to 23.30%
Sales growth has been subdued in last 3 years 7.54%
Sales growth is not so good in last 4 quarters at 7.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.8 | - |
| TTM Sales (₹ Cr.) | 1,467 | - |
| BVPS (₹.) ⓘ | 35.6 | - |
| Reserves (₹ Cr.) ⓘ | 431 | - |
| P/BV ⓘ | 13.10 | - |
| PE ⓘ | 59.83 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 300.95 / 480.00 |
| All Time Low / High (₹) | 300.95 / 480.00 |
| Market Cap (₹ Cr.) | 5,815 |
| Equity (₹ Cr.) | 12.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 69.9 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 1,128 | 1,351 | 1,395 | 1,402 |
| Operating Expenses ⓘ | 1,067 | 1,256 | 1,198 | 1,234 |
| Manufacturing Costs | 67 | 85 | 86 | 94 |
| Material Costs | 924 | 1,073 | 999 | 1,003 |
| Employee Cost | 57 | 74 | 82 | 97 |
| Other Costs ⓘ | 19 | 23 | 32 | 40 |
| Operating Profit ⓘ | 60 | 95 | 196 | 168 |
| Operating Profit Margin (%) | 5.4% | 7.0% | 14.1% | 12.0% |
| Other Income ⓘ | 1 | 4 | 4 | 4 |
| Interest ⓘ | 11 | 14 | 11 | 5 |
| Depreciation ⓘ | 24 | 31 | 37 | 36 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 26 | 54 | 152 | 132 |
| Tax ⓘ | 5 | 13 | 39 | 32 |
| Profit After Tax | 21 | 42 | 112 | 100 |
| PAT Margin (%) | 1.9% | 3.1% | 8.1% | 7.1% |
| Adjusted EPS (₹) | 1.7 | 3.3 | 9.0 | 8.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 3% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 136 | 178 | 291 | 390 | ||||||
| Share Capital ⓘ | 1 | 1 | 12 | 12 | ||||||
| Reserves ⓘ | 135 | 177 | 278 | 378 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 117 | 132 | 81 | 63 | ||||||
| Long Term Debt | 76 | 79 | 49 | 4 | ||||||
| Short Term Debt | 41 | 53 | 33 | 59 | ||||||
| Trade Payables | 17 | 7 | 9 | 21 | ||||||
| Others Liabilities ⓘ | 71 | 83 | 80 | 64 | ||||||
| Total Liabilities ⓘ | 342 | 400 | 461 | 539 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 287 | 355 | 417 | 441 | ||||||
| Accumulated Depreciation | 112 | 141 | 179 | 213 | ||||||
| Net Fixed Assetsⓘ | 175 | 213 | 238 | 229 | ||||||
| CWIP ⓘ | 43 | 47 | 10 | 13 | ||||||
| Investmentsⓘ | 1 | 2 | 2 | 2 | ||||||
| Inventories | 87 | 87 | 145 | 206 | ||||||
| Trade Receivables | 8 | 14 | 11 | 30 | ||||||
| Cash Equivalents | 5 | 1 | 29 | 24 | ||||||
| Others Assetsⓘ | 24 | 35 | 26 | 35 | ||||||
| Total Assets ⓘ | 342 | 400 | 461 | 539 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 22 | 59 | 122 | 68 |
| PBT ⓘ | 26 | 54 | 152 | 132 |
| Adjustment ⓘ | 34 | 44 | 47 | 40 |
| Changes in Working Capital ⓘ | -32 | -31 | -36 | -71 |
| Tax Paid ⓘ | -6 | -9 | -41 | -32 |
| Cash Flow From Investing Activity ⓘ | -76 | -74 | -50 | -4 |
| Capex | -76 | -73 | -25 | -30 |
| Net Investments | 0 | -1 | -26 | 26 |
| Others ⓘ | 0 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | 58 | 12 | -69 | -44 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 68 | 25 | -31 | -45 |
| Interest Paid ⓘ | -10 | -13 | -11 | -4 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -27 | 6 |
| Net Cash Flow ⓘ | 4 | -4 | 3 | 21 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.56 | 26.51 | 47.97 | 29.24 | ||||||
| ROCE (%) | 13.6 | 22.05 | 44.03 | 32.07 | ||||||
| Asset Turnover Ratio | 3.3 | 3.65 | 3.24 | 2.81 | ||||||
| PAT to CFO Conversion(x) | 1.05 | 1.4 | 1.09 | 0.68 | Working Capital Days | |||||
| Receivable Days | 2 | 3 | 3 | 5 | ||||||
| Inventory Days | 28 | 23 | 30 | 46 | ||||||
| Payable Days | 7 | 4 | 3 | 6 | ||||||
Gopal Snacks Limited was initially formed as a partnership firm as ‘Gopal Gruh Udhyog’ at Rajkot, India with effect from April 1, 1999. The partnership firm was registered under the Partnership Act, 1932 with the Registrar of Firms, Rajkot Division, Rajkot on October 19, 2006. The name of the partnership firm was changed to ‘Gopal Snacks’ with effect from November 23, 2009, and the same was recorded by the Registrar of Firms, Rajkot Division, Rajkot on November 30, 2009. The partnership firm was subsequently converted into a joint stock company and registered as a private limited company under the Companies Act, 1956 under the name ‘Gopal Snacks Private Limited’ pursuant to a certificate of incorporation dated December 7, 2009, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders in its EGM held on March 15, 2023, following which the name of the Company was changed to ‘Gopal Snacks Limited’, and the RoC issued a fresh certificate of incorporation on March 31, 2023.
The company is primarily engaged in the business of manufacturing and sale of namkeen, gathiya, papad, western snacks such as wafers, corn snacks and snack pellets. The company offers a wide variety of savoury products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi. Over the years, the company has leveraged its experience and understanding of the preferences and tastes of its consumers, and target markets to develop a wide range of products, which has enabled it to strengthen its foothold in the Indian snacks industry.
The company has expanded its footprint across India, with its products being sold over many locations. It also relies on channels such as ecommerce, modern trade and exports for sale of its products. It has implemented a distribution management system that helps it coordinate with its distributors and provides visibility on its inventory levels and distributor sales, enabling it to optimise its distribution network. It also offers real-time insights on demand for its products, allowing it to make data-driven decisions, plan its operations and meet demands of its consumers in a timely and effective manner.
In addition, the company engages third party manufacturers on a need basis to produce its products such as chikki, nachos, noodles, rusk, soan papdi and washing bar. Its manufacturing operations are vertically integrated which include in-house manufacturing capabilities of certain key ingredients such as besan or gram flour, raw snack pellets, spices and seasoning, as well as the ability to tailor machines to its specific needs for manufacturing of its product portfolio.
Business area of the company
The company is engaged in the business of manufacturing various types of ready-to-eat namkeens, snack pallets, corn products, potato chips, papad, besan, spices, etc.
Products of the company
Ethnic snacks
Western snacks
Other products
Awards, accreditations and recognitions
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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