Prataap Snacks Ltd
PrataapSnacks Limited (PSL) is an Indian snack food company engaged in manufacturing and marketing of multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.
- Market Cap ₹ 2,458 Cr.
- Current Price ₹ 1,030
- High / Low ₹ 1,450 / 747
- Stock P/E 120
- Book Value ₹ 288
- Dividend Yield 0.19 %
- ROCE 1.15 %
- ROE 3.14 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.0%
- Company's working capital requirements have reduced from 22.7 days to 16.9 days
Cons
- Stock is trading at 3.57 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -4.67%
- The company has delivered a poor sales growth of 10.2% over past five years.
- Tax rate seems low
- Company has a low return on equity of 2.83% over last 3 years.
* 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
Part of BSE SmallCap BSE Allcap BSE Fast Moving Consumer Goods
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
173 | 344 | 446 | 559 | 757 | 894 | 1,017 | 1,171 | 1,394 | 1,171 | 1,397 | 1,653 | |
154 | 316 | 425 | 525 | 700 | 851 | 930 | 1,087 | 1,300 | 1,108 | 1,338 | 1,590 | |
Operating Profit | 18 | 28 | 20 | 34 | 57 | 43 | 87 | 83 | 94 | 63 | 58 | 63 |
OPM % | 11% | 8% | 5% | 6% | 8% | 5% | 9% | 7% | 7% | 5% | 4% | 4% |
1 | 1 | 1 | 1 | -5 | 2 | 7 | 11 | 9 | 9 | -0 | 8 | |
Interest | 1 | 4 | 5 | 6 | 6 | 5 | 3 | 1 | 7 | 6 | 7 | 7 |
Depreciation | 3 | 7 | 12 | 15 | 18 | 25 | 30 | 38 | 62 | 55 | 54 | 62 |
Profit before tax | 15 | 18 | 5 | 13 | 28 | 15 | 62 | 56 | 34 | 11 | -2 | 2 |
Tax % | 17% | 17% | -8% | 24% | 1% | -38% | 28% | 20% | -39% | -28% | -222% | -1,245% |
13 | 15 | 5 | 10 | 27 | 21 | 44 | 45 | 47 | 14 | 3 | 20 | |
EPS in Rs | 409.74 | 482.79 | 174.68 | 316.50 | 875.00 | 10.80 | 18.84 | 19.03 | 20.01 | 6.04 | 1.24 | 8.66 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 5% | 5% | 8% | 40% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 10% |
3 Years: | 6% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | -14% |
3 Years: | -24% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 11% |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 3% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 2 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 101 | 146 | 176 | 188 | 216 | 236 | 508 | 550 | 596 | 611 | 613 | 665 |
1 | 43 | 52 | 46 | 56 | 80 | 7 | 18 | 73 | 57 | 80 | 60 | |
21 | 33 | 52 | 65 | 70 | 98 | 136 | 246 | 239 | 205 | 203 | 176 | |
Total Liabilities | 123 | 222 | 280 | 299 | 341 | 416 | 663 | 826 | 921 | 886 | 907 | 912 |
63 | 125 | 143 | 158 | 168 | 205 | 268 | 526 | 588 | 558 | 550 | 581 | |
CWIP | 3 | 3 | 15 | 24 | 30 | 52 | 2 | 7 | 20 | 21 | 14 | 15 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
56 | 94 | 122 | 117 | 143 | 159 | 392 | 293 | 313 | 307 | 343 | 316 | |
Total Assets | 123 | 222 | 280 | 299 | 341 | 416 | 663 | 826 | 921 | 886 | 907 | 912 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 11 | 13 | 33 | 43 | 31 | 84 | 11 | 75 | 77 | 46 | 80 | |
-50 | -92 | -38 | -29 | -47 | -59 | -193 | -43 | -49 | -77 | -36 | -25 | |
58 | 69 | 29 | -9 | 5 | 33 | 163 | 8 | -28 | -15 | -2 | -52 | |
Net Cash Flow | 14 | -11 | 4 | -5 | 2 | 5 | 53 | -24 | -2 | -15 | 7 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 4 | 10 | 9 | 9 | 6 | 7 | 10 | 9 | 8 | 4 | 3 |
Inventory Days | 79 | 64 | 58 | 52 | 48 | 46 | 48 | 53 | 49 | 57 | 51 | 41 |
Days Payable | 47 | 33 | 42 | 43 | 38 | 42 | 53 | 38 | 32 | 38 | 32 | 32 |
Cash Conversion Cycle | 44 | 35 | 26 | 18 | 19 | 10 | 2 | 25 | 25 | 27 | 24 | 13 |
Working Capital Days | 31 | 25 | 19 | 16 | 16 | 4 | 6 | 22 | 22 | 30 | 21 | 17 |
ROCE % | 15% | 5% | 9% | 16% | 6% | 15% | 10% | 7% | 3% | 3% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Nov - In continuation to our letter dated 7th November, 2024 and pursuant to Regulation 30(6) read with Schedule III of the SEBI (LODR) Regulations, 2015, the …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio recording of investor call on Q2 results.
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 Nov - Investor Presentation for the quarter and half year ended 30th September, 2024
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Nov - Prataap Snacks reports Q2 & H1 FY25 financial results.
- Unaudited Financial Results For The Quarter And Half Ended 30Th September, 2024 11 Nov
Annual reports
Concalls
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Nov 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Sep 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
Market Leadership[1]
The company is a market leader in Rings and top 5 in Western Savoury Snacks. In Q3FY24, PSL (Yellow Diamond + Avadh brands) emerged as the market leader in the Extruded Snacks category.[2]