Oceanic Foods Ltd

Oceanic Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Oceanic Foods Ltd

₹ 59.2 -4.99%
24 Jul - close price
oceanicfoods.com BSE: 540405
About

Incorporated in 1993, Oceanic Foods Ltd is in processing and sales of dehydrated vegetables[1]

Key Points

Product Profile:[1][2]
a) Dehydrated Garlic:
Dehydrated Garlic Flakes, Dehydrated
Garlic Chopped, Dehydrated Garlic Minced, Dehydrated Garlic Granules, Dehydrated Garlic Powder, Dehydrated Toasted Garlic (All Forms), Dehydrated Fried Garlic
b) Dehydrated Onion:
White, Red & Pink Onions - Dehydrated
Onion Flakes, Dehydrated Onion Chopped, Dehydrated Onion Minced, Dehydrated
Onion Granules, Dehydrated Onion Powder, Dehydrated Onion Toasted (All Forms), Dehydrated Onion Fried
c) Other Products:
Chilly Powder, Mint Powder, Curry Powder, Amchur Powder, Methi Powder, Tamarin Powder, Coriander Powder, Potato Powder, etc.

Website BSE
  • Market Cap ₹ 66.7 Cr.
  • Current Price ₹ 59.2
  • High / Low ₹ 64.4 / 23.9
  • Stock P/E 21.5
  • Book Value ₹ 30.0
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.78 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.95% over past five years.
  • Company has a low return on equity of 9.07% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 62.9 to 84.5 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
27.74 29.79 34.58 32.74 25.05 25.54 21.26 17.11 19.68 25.60 28.51 35.92 31.13
26.05 27.84 31.94 31.96 23.78 23.62 19.74 16.08 18.66 24.55 27.23 33.93 28.98
Operating Profit 1.69 1.95 2.64 0.78 1.27 1.92 1.52 1.03 1.02 1.05 1.28 1.99 2.15
OPM % 6.09% 6.55% 7.63% 2.38% 5.07% 7.52% 7.15% 6.02% 5.18% 4.10% 4.49% 5.54% 6.91%
0.02 0.18 0.03 0.03 0.02 0.03 0.05 0.03 0.00 0.00 0.00 0.01 0.01
Interest 0.31 0.48 0.63 0.44 0.21 0.17 0.16 0.12 0.08 0.05 0.04 0.14 0.45
Depreciation 0.23 0.24 0.26 0.26 0.26 0.27 0.27 0.27 0.27 0.27 0.27 0.28 0.31
Profit before tax 1.17 1.41 1.78 0.11 0.82 1.51 1.14 0.67 0.67 0.73 0.97 1.58 1.40
Tax % 24.79% 17.73% 25.28% 27.27% 24.39% 25.17% 25.44% 38.81% 37.31% 34.25% 51.55% 26.58% 28.57%
0.88 1.15 1.33 0.08 0.62 1.14 0.85 0.41 0.42 0.48 0.47 1.16 0.99
EPS in Rs 0.78 1.02 1.18 0.07 0.55 1.01 0.76 0.36 0.37 0.43 0.42 1.03 0.88
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
50 71 81 63 78 82 78 91 106 124 89 110 121
46 70 76 57 72 77 73 85 102 118 83 104 115
Operating Profit 4 2 5 6 7 5 6 6 5 6 6 5 6
OPM % 8% 2% 6% 9% 9% 6% 7% 7% 4% 5% 6% 5% 5%
0 3 0 0 0 0 0 0 1 0 0 0 0
Interest 2 2 3 3 3 2 2 2 1 2 1 0 1
Depreciation 0 0 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 2 2 2 2 3 2 3 4 3 3 4 4 5
Tax % 33% 30% 33% 34% 35% 34% 24% 24% 25% 22% 27% 36%
1 1 1 2 2 1 2 3 2 3 3 3 3
EPS in Rs 15.25 16.25 15.38 1.89 1.78 1.14 2.17 2.57 1.96 2.37 2.68 2.25 2.76
Dividend Payout % 5% 5% 5% 4% 5% 7% 2% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 1%
TTM: 45%
Compounded Profit Growth
10 Years: 36%
5 Years: 1%
3 Years: 5%
TTM: 10%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: 6%
1 Year: 135%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 9%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 3 4 4 4 11 11 11 11 11
Reserves 5 7 8 7 14 15 17 12 14 17 20 23
20 20 21 25 17 19 20 13 14 12 1 17
5 9 10 4 10 6 5 8 9 11 9 16
Total Liabilities 30 35 39 39 44 43 46 45 49 52 42 66
11 12 12 10 12 13 14 14 13 13 13 14
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 0 1 1 1 0 0 0 0 0 0 0 0
18 23 26 28 32 30 32 31 35 38 29 52
Total Assets 30 35 39 39 44 43 46 45 49 52 42 66

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 3 3 1 7 6 -6 9 2 5 14 -8
-2 -1 -0 1 -1 -2 7 -1 0 -1 -1 -3
5 -2 -2 1 -6 -1 -0 -9 -1 -4 -11 15
Net Cash Flow 0 -0 0 3 -0 4 0 -1 1 -1 2 4

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 51 75 59 66 72 57 71 94 74 64 40 84
Inventory Days 104 41 55 68 54 30 83 26 49 53 82 72
Days Payable 32 45 48 17 47 26 13 20 18 14 35 44
Cash Conversion Cycle 122 70 66 117 79 60 141 99 105 103 86 113
Working Capital Days 103 75 74 121 90 78 124 93 92 81 74 100
ROCE % 17% 11% 18% 17% 18% 12% 13% 15% 11% 13% 13% 10%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07% 74.07%
25.93% 25.93% 25.93% 25.93% 25.94% 25.95% 25.95% 25.93% 25.93% 25.93% 25.93% 25.92%
No. of Shareholders 298326395426719791791785763762761756

Documents

Announcements

Annual reports

DRHP

Concalls

  • Feb 2020
    Transcript
    Notes
    PPT
  • Jul 2019
    Transcript
    Notes
    PPT
  • Dec 2017
    Transcript
    Notes
    PPT