BSE: 519091 | NSE: TASTYBITE | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Tasty Bite Eatables Ltd is a good quality company.
The key valuation ratios of Tasty Bite Eatables Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tasty Bite Eatables 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.4% | 23.1% | 28.5% | 30.8% | 31% | 32.9% | 28.8% | 20.7% | 7.5% | 16.5% | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 145 | 177 | 208 | 252 | 296 | 337 | 426 | 385 | 372 | 476 | 482 |
| Sales YoY Gr. | - | 21.6% | 17.8% | 21.1% | 17.4% | 13.8% | 26.4% | -9.5% | -3.4% | 27.8% | - |
| Adj EPS ⓘ | 20.5 | 39.3 | 64.1 | 80.1 | 89.4 | 130.2 | 152.3 | 145.1 | 31.6 | 133.1 | 59.1 |
| YoY Gr. | - | 92.1% | 63.1% | 25% | 11.6% | 45.7% | 16.9% | -4.7% | -78.2% | 320.6% | - |
| BVPS (₹) ⓘ | 132.1 | 172.1 | 234.8 | 288.7 | 384.4 | 507.7 | 629 | 798.5 | 839.6 | 948.9 | 1,127.9 |
| Adj Net Profit ⓘ | 5.3 | 10.1 | 16.5 | 20.6 | 22.9 | 33.4 | 39.1 | 37.2 | 8.1 | 34.2 | 15 |
| Cash Flow from Ops. ⓘ | 23.5 | 9.8 | 14.9 | 12.3 | 21.2 | 55.6 | 36.8 | 40.1 | 65 | 61.1 | - |
| Debt/CF from Ops. ⓘ | 1.9 | 4.4 | 2.7 | 5.1 | 2 | 0.7 | 1.7 | 2.7 | 1.1 | 1.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.1% | 10% | 3.8% | 27.8% | ||||
| Adj EPS ⓘ | 23.1% | 8.3% | -4.4% | 320.6% | ||||
| BVPSⓘ | 24.5% | 19.8% | 14.7% | 13% | ||||
| Share Price | 34% | 4.6% | -7.5% | -32.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.2 | 25.5 | 31.2 | 30.4 | 26.4 | 28.9 | 26.5 | 20.1 | 3.8 | 14.8 | 5.7 |
| Op. Profit Mgn % ⓘ | 8.7 | 13.9 | 16.5 | 17.1 | 16.1 | 15 | 10.6 | 14 | 9.1 | 14.6 | 8.2 |
| Net Profit Mgn % ⓘ | 3.6 | 5.7 | 7.9 | 8.2 | 7.8 | 9.9 | 9.2 | 9.7 | 2.2 | 7.2 | 3.2 |
| Debt to Equity ⓘ | 1.3 | 1 | 0.7 | 0.9 | 0.4 | 0.3 | 0.4 | 0.5 | 0.3 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 100 | 87 | 91 | 108 | 121 | 126 | 124 | 169 | 179 | 137 | 66 |
| Cash Conv. Cycle ⓘ | 20 | 14 | 26 | 40 | 47 | 45 | 46 | 61 | 62 | 46 | 35 |
No data to display
Return on Equity has declined versus last 3 years average to 5.70%
Sales growth has been subdued in last 3 years 3.76%
Net Profit has been subdued in last 3 years -4.39%
Sales growth is not so good in last 4 quarters at -2.88%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 59.1 | - |
| TTM Sales (₹ Cr.) | 482 | - |
| BVPS (₹.) ⓘ | 1,127.9 | - |
| Reserves (₹ Cr.) ⓘ | 287 | - |
| P/BV ⓘ | 9.90 | - |
| PE ⓘ | 188.86 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 9141.30 / 16233.45 |
| All Time Low / High (₹) | 3.50 / 21470.50 |
| Market Cap (₹ Cr.) | 2,866 |
| Equity (₹ Cr.) | 2.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.4 |
| 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 | 177 | 208 | 252 | 296 | 337 | 426 | 385 | 372 | 476 | 540 |
| Operating Expenses ⓘ | 152 | 175 | 210 | 249 | 291 | 381 | 332 | 339 | 412 | 466 |
| Manufacturing Costs | 11 | 10 | 24 | 29 | 34 | 43 | 36 | 38 | 51 | 54 |
| Material Costs | 106 | 123 | 147 | 171 | 206 | 283 | 244 | 246 | 299 | 339 |
| Employee Cost | 18 | 21 | 18 | 21 | 27 | 31 | 30 | 32 | 32 | 39 |
| Other Costs ⓘ | 18 | 20 | 21 | 27 | 24 | 23 | 22 | 23 | 31 | 34 |
| Operating Profit ⓘ | 25 | 34 | 43 | 48 | 46 | 45 | 54 | 34 | 64 | 74 |
| Operating Profit Margin (%) | 13.9% | 16.2% | 16.9% | 16.1% | 13.6% | 10.5% | 14.0% | 9.0% | 13.4% | 13.7% |
| Other Income ⓘ | 2 | 1 | 3 | 7 | 18 | 29 | 19 | 13 | 14 | 18 |
| Interest ⓘ | 3 | 2 | 3 | 2 | 4 | 4 | 3 | 8 | 9 | 7 |
| Depreciation ⓘ | 7 | 7 | 9 | 11 | 13 | 17 | 17 | 24 | 27 | 30 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 17 | 25 | 34 | 41 | 47 | 53 | 53 | 14 | 41 | 56 |
| Tax ⓘ | 6 | 8 | 12 | 15 | 17 | 12 | 13 | 4 | 11 | 14 |
| Profit After Tax | 11 | 16 | 22 | 26 | 30 | 41 | 39 | 10 | 30 | 42 |
| PAT Margin (%) | 6.1% | 7.7% | 8.7% | 8.9% | 8.9% | 9.6% | 10.2% | 2.8% | 6.4% | 7.7% |
| Adjusted EPS (₹) | 42.0 | 62.8 | 85.7 | 103.1 | 117.2 | 159.2 | 153.3 | 40.3 | 117.7 | 161.8 |
| Dividend Payout Ratio (%) | 2% | 3% | 2% | 2% | 2% | 1% | 1% | 2% | 2% | 1% |
| 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 | 45 | 61 | 74 | 99 | 130 | 161 | 205 | 215 | 243 | 287 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 42 | 58 | 72 | 96 | 128 | 159 | 202 | 213 | 241 | 284 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 38 | 37 | 60 | 37 | 32 | 55 | 99 | 66 | 62 | 26 |
| Long Term Debt | 21 | 20 | 36 | 31 | 26 | 21 | 50 | 44 | 33 | 26 |
| Short Term Debt | 17 | 17 | 24 | 7 | 6 | 34 | 50 | 23 | 29 | 0 |
| Trade Payables | 17 | 20 | 20 | 26 | 38 | 48 | 49 | 61 | 68 | 54 |
| Others Liabilities ⓘ | 13 | 14 | 15 | 30 | 24 | 34 | 94 | 85 | 84 | 76 |
| Total Liabilities ⓘ | 113 | 131 | 170 | 192 | 225 | 298 | 447 | 429 | 457 | 443 |
Fixed Assets | ||||||||||
| Gross Block | 86 | 94 | 74 | 96 | 115 | 142 | 239 | 271 | 314 | 368 |
| Accumulated Depreciation | 25 | 33 | 9 | 20 | 33 | 44 | 61 | 82 | 107 | 130 |
| Net Fixed Assetsⓘ | 61 | 61 | 65 | 76 | 82 | 98 | 179 | 189 | 207 | 238 |
| CWIP ⓘ | 0 | 0 | 9 | 2 | 10 | 27 | 42 | 62 | 54 | 19 |
| Investmentsⓘ | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 14 | 19 | 28 | 34 | 49 | 60 | 69 | 66 | 87 | 90 |
| Trade Receivables | 18 | 23 | 33 | 37 | 38 | 57 | 54 | 54 | 58 | 59 |
| Cash Equivalents | 6 | 7 | 6 | 6 | 8 | 8 | 35 | 4 | 14 | 9 |
| Others Assetsⓘ | 13 | 18 | 29 | 37 | 37 | 48 | 67 | 53 | 38 | 28 |
| Total Assets ⓘ | 113 | 131 | 170 | 192 | 225 | 298 | 447 | 429 | 457 | 443 |
| 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 ⓘ | 10 | 15 | 12 | 21 | 56 | 37 | 40 | 65 | 61 | 67 |
| PBT ⓘ | 17 | 25 | 34 | 41 | 47 | 53 | 53 | 14 | 41 | 56 |
| Adjustment ⓘ | 10 | 9 | 10 | 14 | 22 | 27 | 15 | 43 | 40 | 37 |
| Changes in Working Capital ⓘ | -12 | -9 | -21 | -19 | 5 | -27 | -15 | 14 | -9 | -10 |
| Tax Paid ⓘ | -4 | -10 | -12 | -16 | -19 | -17 | -13 | -6 | -10 | -16 |
| Cash Flow From Investing Activity ⓘ | -4 | -7 | -24 | -7 | -30 | -52 | -56 | -47 | -34 | -16 |
| Capex | -3 | -6 | -27 | -11 | -30 | -52 | -56 | -42 | -38 | -17 |
| Net Investments | -1 | -1 | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | -5 | 5 | 1 |
| Cash Flow From Financing Activityⓘ | -4 | -6 | 11 | -12 | -23 | 15 | 43 | -49 | -18 | -56 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 16 | -3 | -6 | -7 | 29 | -11 | -8 | -14 |
| Interest Paid ⓘ | -3 | -2 | -2 | -1 | -4 | -4 | -3 | -8 | -9 | -7 |
| Dividend Paid ⓘ | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 | 0 | -1 |
| Others ⓘ | -2 | -4 | -3 | -7 | -13 | 26 | 17 | -29 | 0 | -34 |
| Net Cash Flow ⓘ | 2 | 1 | -1 | 2 | 2 | 0 | 27 | -31 | 10 | -5 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.66 | 30.88 | 32.74 | 30.63 | 26.27 | 28.02 | 21.48 | 4.91 | 13.17 | 15.66 |
| ROCE (%) | 23.12 | 28.47 | 30.75 | 31.03 | 32.9 | 28.75 | 20.67 | 7.53 | 16.45 | 19.55 |
| Asset Turnover Ratio | 1.61 | 1.72 | 1.69 | 1.64 | 1.62 | 1.63 | 1.03 | 0.85 | 1.07 | 1.2 |
| PAT to CFO Conversion(x) | 0.91 | 0.94 | 0.55 | 0.81 | 1.87 | 0.9 | 1.03 | 6.5 | 2.03 | 1.6 | Working Capital Days |
| Receivable Days | 33 | 36 | 41 | 43 | 41 | 41 | 53 | 53 | 43 | 39 |
| Inventory Days | 29 | 29 | 34 | 38 | 45 | 46 | 61 | 67 | 59 | 60 |
| Payable Days | 69 | 54 | 49 | 49 | 57 | 56 | 73 | 82 | 79 | 66 |
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
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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