Mrs Bectors Food Specialities Ltd

Mrs Bectors Food Specialities Ltd

₹ 1,390 0.44%
02 Jul - close price
About

Mrs. Bectors Food Specialities Ltd was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995. [1] It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively. [2]
Mrs. Rajni Bector started the enterprise in 1978 by manufacturing ice creams, bread, and biscuits. [3] It is promoted by Mr. Anoop Bector who has over 25 years of industry experience. He is also the Managing Director of the Company. [4]

Key Points

Business Segments

  • Market Cap 8,175 Cr.
  • Current Price 1,390
  • High / Low 1,566 / 785
  • Stock P/E 58.2
  • Book Value 113
  • Dividend Yield 0.22 %
  • ROCE 25.3 %
  • ROE 23.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 33.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • Stock is trading at 12.3 times its book value
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
224 226 246 263 252 301 347 368 346 374 415 429 406
195 197 212 230 227 270 303 317 298 316 350 368 348
Operating Profit 29 29 35 33 25 31 44 51 48 58 65 61 59
OPM % 13% 13% 14% 13% 10% 10% 13% 14% 14% 15% 16% 14% 14%
1 2 2 2 1 2 3 3 4 5 3 5 7
Interest 2 2 1 2 2 3 4 4 2 2 3 3 4
Depreciation 11 11 11 12 12 13 14 14 13 14 15 16 16
Profit before tax 17 18 24 21 13 17 30 37 37 47 50 46 45
Tax % 26% 26% 25% 26% 19% 26% 26% 25% 25% 25% 25% 25% 26%
13 13 18 16 10 13 22 28 28 35 37 35 34
EPS in Rs 2.17 2.27 3.08 2.64 1.73 2.16 3.73 4.72 4.70 5.93 6.34 5.88 5.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
691 784 762 881 988 1,362 1,624
604 687 669 739 865 1,187 1,382
Operating Profit 86 97 93 141 123 175 242
OPM % 12% 12% 12% 16% 12% 13% 15%
2 2 3 10 6 12 19
Interest 7 13 16 10 7 13 12
Depreciation 28 35 42 45 46 53 61
Profit before tax 53 51 39 97 76 121 188
Tax % 32% 35% 22% 26% 25% 25% 25%
36 33 30 72 57 90 140
EPS in Rs 6.27 5.79 5.29 12.30 9.72 15.31 23.86
Dividend Payout % 12% 13% 14% 20% 26% 20% 8%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 23%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 25%
TTM: 56%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 51%
1 Year: 71%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 18%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 57 57 57 59 59 59 59
Reserves 209 237 262 372 410 486 604
139 165 134 132 136 127 245
105 117 113 118 117 160 193
Total Liabilities 511 577 566 681 722 831 1,100
261 363 354 354 411 426 524
CWIP 92 16 7 55 12 49 94
Investments 4 4 4 10 11 11 4
154 195 202 261 288 345 478
Total Assets 511 577 566 681 722 831 1,100

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
109 110 84 164 153
-43 -125 -57 -151 -224
-51 28 -30 -37 69
Net Cash Flow 15 14 -2 -23 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 47 36 30 28 24 30
Inventory Days 34 30 39 45 52 39 44
Days Payable 37 42 42 45 38 38 45
Cash Conversion Cycle 33 35 33 30 42 26 29
Working Capital Days 18 30 16 30 35 20 26
ROCE % 15% 12% 21% 14% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.09% 51.09% 51.07% 51.07% 51.11% 51.14% 51.14% 51.14% 51.17% 51.18% 51.18% 51.19%
3.36% 1.99% 2.00% 2.08% 1.30% 1.31% 2.87% 5.64% 7.57% 9.10% 9.32% 8.39%
6.19% 5.91% 4.88% 4.29% 13.73% 15.25% 15.81% 16.12% 18.24% 18.71% 17.98% 21.10%
39.36% 41.02% 42.05% 42.56% 33.86% 32.30% 30.18% 27.10% 23.02% 21.02% 21.53% 19.33%
No. of Shareholders 1,28,0191,23,5981,18,9391,14,1521,20,1701,11,32797,79682,77174,73185,55293,21091,418

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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