BSE: 543253 | NSE: BECTORFOOD | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mrs. Bectors Food Specialities Ltd is a good quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mrs. Bectors Food Specialities Ltd is likely to Fall 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.4% | 25.7% | 16.8% | 17% | 14.9% | 12.1% | 21.1% | 14.3% | 21.2% | 25.8% | - |
| Value Creation Index ⓘ | 0.7 | 0.9 | 0.3 | 0.3 | 0.1 | -0.1 | 0.5 | 0.0 | 0.5 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 584 | 583 | 625 | 691 | 784 | 762 | 881 | 988 | 1,362 | 1,624 | 1,771 |
| Sales YoY Gr. | - | -0.2% | 7.2% | 10.6% | 13.5% | -2.8% | 15.6% | 12.2% | 37.8% | 19.2% | - |
| Adj EPS ⓘ | 4.9 | 5.9 | 5 | 6.3 | 5.8 | 5.3 | 12.3 | 9.7 | 14.7 | 23.2 | 23.2 |
| YoY Gr. | - | 19.6% | -15.6% | 26.5% | -8.4% | -8.5% | 132.5% | -21.5% | 51.8% | 58.1% | - |
| BVPS (₹) ⓘ | 30.1 | 36.4 | 41.2 | 46.6 | 51.3 | 55.6 | 73.3 | 79.7 | 92.5 | 112.7 | 181.7 |
| Adj Net Profit ⓘ | 28.3 | 33.8 | 28.6 | 36.2 | 33.1 | 30.3 | 72.3 | 56.8 | 86.3 | 136 | 143 |
| Cash Flow from Ops. ⓘ | 49.3 | 48.8 | 54.7 | 46.4 | 54 | 109 | 110 | 84.3 | 164 | 153 | - |
| Debt/CF from Ops. ⓘ | 1.2 | 1 | 1.2 | 2.9 | 3 | 1.2 | 1.2 | 1.5 | 0.7 | 1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12% | 15.7% | 22.6% | 19.2% | ||||
| Adj EPS ⓘ | 18.7% | 32% | 23.5% | 58.1% | ||||
| BVPSⓘ | 15.8% | 17.1% | 15.4% | 21.8% | ||||
| Share Price | - | - | 63.2% | 43.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.4 | 17.8 | 12.9 | 14.4 | 11.8 | 9.9 | 19.3 | 12.6 | 17 | 22.6 | 15.8 |
| Op. Profit Mgn % ⓘ | 12.1 | 12.9 | 11.2 | 12.3 | 12.3 | 12.3 | 16.1 | 12.4 | 12.9 | 15 | 14.4 |
| Net Profit Mgn % ⓘ | 4.8 | 5.8 | 4.6 | 5.2 | 4.2 | 4 | 8.2 | 5.8 | 6.3 | 8.4 | 8.1 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.3 | 0.5 | 0.6 | 0.4 | 0.3 | 0.3 | 0.2 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 0 | 68 | 73 | 69 | 76 | 85 | 72 | 71 | 64 | 70 | 56 |
| Cash Conv. Cycle ⓘ | 0 | 26 | 26 | 28 | 33 | 35 | 27 | 29 | 23 | 22 | 30 |
Sales growth is growing at healthy rate in last 3 years 22.62%
Net Profit is growing at healthy rate in last 3 years 23.50%
Sales growth is good in last 4 quarters at 17.79%
Return on Equity has declined versus last 3 years average to 15.80%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 20.4 | 23.2 |
| TTM Sales (₹ Cr.) | 1,652 | 1,771 |
| BVPS (₹.) ⓘ | 171.8 | 181.7 |
| Reserves (₹ Cr.) ⓘ | 1,015 | 1,054 |
| P/BV ⓘ | 9.53 | 9.01 |
| PE ⓘ | 80.18 | 70.52 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 964.40 / 2196.00 |
| All Time Low / High (₹) | 245.00 / 2196.00 |
| Market Cap (₹ Cr.) | 10,055 |
| Equity (₹ Cr.) | 61.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 584 | 583 | 625 | 691 | 784 | 762 | 881 | 988 | 1,362 | 1,624 |
| Operating Expenses ⓘ | 513 | 507 | 555 | 606 | 687 | 669 | 739 | 865 | 1,187 | 1,381 |
| Manufacturing Costs | 46 | 37 | 37 | 42 | 52 | 51 | 51 | 61 | 82 | 90 |
| Material Costs | 339 | 324 | 361 | 383 | 424 | 407 | 462 | 551 | 754 | 866 |
| Employee Cost | 69 | 79 | 81 | 91 | 110 | 118 | 127 | 138 | 163 | 218 |
| Other Costs ⓘ | 60 | 67 | 75 | 90 | 101 | 92 | 100 | 116 | 187 | 207 |
| Operating Profit ⓘ | 71 | 75 | 70 | 85 | 97 | 93 | 141 | 123 | 176 | 243 |
| Operating Profit Margin (%) | 12.1% | 12.9% | 11.2% | 12.3% | 12.3% | 12.3% | 16.1% | 12.4% | 12.9% | 15.0% |
| Other Income ⓘ | 2 | 9 | 2 | 2 | 2 | 3 | 10 | 6 | 12 | 19 |
| Interest ⓘ | 9 | 6 | 5 | 6 | 13 | 16 | 10 | 7 | 13 | 12 |
| Depreciation ⓘ | 19 | 22 | 25 | 27 | 35 | 42 | 45 | 46 | 53 | 61 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 45 | 57 | 42 | 53 | 51 | 39 | 97 | 76 | 121 | 188 |
| Tax ⓘ | 16 | 17 | 13 | 17 | 18 | 9 | 25 | 19 | 31 | 48 |
| Profit After Tax | 29 | 40 | 29 | 36 | 33 | 30 | 72 | 57 | 90 | 140 |
| PAT Margin (%) | 5.0% | 6.9% | 4.6% | 5.2% | 4.2% | 4.0% | 8.2% | 5.8% | 6.6% | 8.6% |
| Adjusted EPS (₹) | 5.1 | 7.0 | 5.0 | 6.3 | 5.8 | 5.3 | 12.3 | 9.7 | 15.3 | 23.9 |
| Dividend Payout Ratio (%) | 0% | 7% | 10% | 12% | 13% | 14% | 20% | 26% | 20% | 14% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 172 | 209 | 236 | 267 | 294 | 319 | 431 | 469 | 544 | 663 |
| Share Capital ⓘ | 29 | 29 | 29 | 57 | 57 | 57 | 59 | 59 | 59 | 59 |
| Reserves ⓘ | 144 | 180 | 207 | 209 | 237 | 261 | 372 | 410 | 486 | 604 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 45 | 42 | 54 | 122 | 140 | 104 | 130 | 101 | 99 | 199 |
| Long Term Debt | 36 | 23 | 37 | 96 | 107 | 86 | 115 | 88 | 94 | 149 |
| Short Term Debt | 9 | 19 | 17 | 26 | 33 | 18 | 16 | 13 | 5 | 50 |
| Trade Payables | 27 | 26 | 38 | 39 | 49 | 47 | 57 | 58 | 77 | 107 |
| Others Liabilities ⓘ | 44 | 79 | 53 | 79 | 94 | 97 | 63 | 94 | 110 | 131 |
| Total Liabilities ⓘ | 289 | 356 | 380 | 507 | 577 | 566 | 681 | 722 | 831 | 1,100 |
Fixed Assets | ||||||||||
| Gross Block | 262 | 279 | 303 | 365 | 447 | 477 | 519 | 619 | 680 | 837 |
| Accumulated Depreciation | 83 | 103 | 84 | 108 | 84 | 123 | 165 | 208 | 254 | 313 |
| Net Fixed Assetsⓘ | 179 | 176 | 220 | 257 | 363 | 354 | 354 | 411 | 426 | 524 |
| CWIP ⓘ | 2 | 19 | 12 | 92 | 16 | 7 | 55 | 12 | 49 | 94 |
| Investmentsⓘ | 9 | 13 | 9 | 4 | 4 | 4 | 10 | 11 | 11 | 4 |
| Inventories | 27 | 33 | 28 | 35 | 35 | 43 | 57 | 79 | 81 | 104 |
| Trade Receivables | 44 | 46 | 58 | 69 | 100 | 75 | 72 | 75 | 90 | 133 |
| Cash Equivalents | 10 | 11 | 20 | 11 | 12 | 30 | 85 | 83 | 75 | 127 |
| Others Assetsⓘ | 19 | 58 | 34 | 39 | 47 | 53 | 48 | 52 | 99 | 114 |
| Total Assets ⓘ | 289 | 356 | 380 | 507 | 577 | 566 | 681 | 722 | 831 | 1,100 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 49 | 49 | 55 | 46 | 54 | 109 | 110 | 84 | 164 | 153 |
| PBT ⓘ | 45 | 57 | 42 | 53 | 51 | 39 | 97 | 76 | 121 | 188 |
| Adjustment ⓘ | 28 | 20 | 30 | 34 | 52 | 62 | 47 | 47 | 61 | 61 |
| Changes in Working Capital ⓘ | -10 | -11 | -2 | -25 | -34 | 21 | -12 | -17 | 12 | -47 |
| Tax Paid ⓘ | -14 | -17 | -15 | -16 | -14 | -12 | -22 | -21 | -30 | -49 |
| Cash Flow From Investing Activity ⓘ | -15 | -34 | -52 | -113 | -61 | -43 | -125 | -57 | -151 | -224 |
| Capex | -16 | -30 | -58 | -119 | -61 | -41 | -80 | -59 | -108 | -215 |
| Net Investments | -6 | -23 | 5 | 5 | -1 | -3 | -47 | -1 | -47 | -17 |
| Others ⓘ | 7 | 19 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 |
| Cash Flow From Financing Activityⓘ | -35 | -14 | 5 | 59 | 7 | -51 | 28 | -30 | -37 | 69 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 42 | 1 | 0 | -4 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 17 | 59 | 21 | -12 | 14 | -12 | 0 | 59 |
| Interest Paid ⓘ | -8 | -6 | -4 | -6 | -12 | -15 | -9 | -7 | -13 | -12 |
| Dividend Paid ⓘ | 0 | -1 | -5 | -4 | -6 | -5 | 0 | -21 | -15 | -18 |
| Others ⓘ | -27 | -7 | -3 | 10 | 5 | -19 | -18 | 9 | -9 | 44 |
| Net Cash Flow ⓘ | 0 | 1 | 7 | -8 | 0 | 15 | 14 | -2 | -23 | -1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.93 | 20.97 | 12.97 | 14.34 | 11.83 | 9.9 | 19.29 | 12.7 | 17.78 | 23.26 |
| ROCE (%) | 23.42 | 25.72 | 16.84 | 16.96 | 14.91 | 12.06 | 21.13 | 14.34 | 21.22 | 25.83 |
| Asset Turnover Ratio | 2.06 | 1.88 | 1.74 | 1.56 | 1.45 | 1.33 | 1.41 | 1.41 | 1.75 | 1.68 |
| PAT to CFO Conversion(x) | 1.69 | 1.23 | 1.9 | 1.28 | 1.64 | 3.63 | 1.53 | 1.47 | 1.82 | 1.09 | Working Capital Days |
| Receivable Days | 27 | 27 | 30 | 34 | 40 | 42 | 30 | 27 | 22 | 25 |
| Inventory Days | 16 | 18 | 17 | 17 | 16 | 19 | 21 | 25 | 21 | 21 |
| Payable Days | 29 | 30 | 32 | 37 | 38 | 43 | 41 | 38 | 33 | 39 |
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
Major events and milestones
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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