Tasty Bite Eatables

₹11320 182.7 | 1.6%

WEBSITE BSE:519091 NSE : TASTY BITE 10 May, 16:01

Market Cap ₹2905 Cr.

Stock P/E 68.0

P/B 10.2

Current Price ₹11320

Book Value ₹ 1108.8

Face Value 10

52W High ₹19792

Dividend Yield 0.02%

52W Low ₹ 9178.7

Edit Ratio

Tasty Bite Eatables Research see more...

Detailed Note on Tasty Bite Eatables Ltd.

Overview Inc. Year: 1985Industry: Consumer Food

Tasty Bite Eatables Ltd is an primarily India based company, which is engaged inside the business of producing and selling prepared ingredients. The Company offers a number of ready-to-serve (RTS) ethnic meals merchandise below the logo name Tasty Bite and Frozen Formed Products (FFP). Its commercial enterprise segments include Consumer commercial enterprise and Food Service enterprise. Its prepared food includes RTS merchandise and intermediate meals merchandise, which include prepared food, frozen formed foods and sauces. It additionally presents quick service restaurants (QSR) chains. The Company offers its merchandise in various categories, along with rices, which includes Family Size Brown Rice, Family Size Basmati Rice, Moroccan Pilaf and Brown Rice Biryani; Asian noodles, such as Szechuan, Peanut Satay, Thai Vegetable and Teriyaki, and spice and simmer, along with Korma, Kashmir Curry and Tikka Masala. The Company has presence within the United States, Canada, New Zealand, Japan and the UK. It has production facility in Pune.

Tasty Bite Eatables Share Price

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Peer Comparison

Tasty Bite Eatables Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	111	86	74	101	119	142	105	154	145	133
Other Income	2	6	2	4	5	2	3	5	5	4
Total Income	113	92	76	104	124	144	109	159	150	137
Total Expenditure	95	83	72	89	104	122	94	121	125	120
Operating Profit	18	9	4	16	19	22	15	38	25	17
Interest	2	1	2	3	2	2	3	2	2	1
Depreciation	6	6	6	6	7	7	7	7	7	8
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	2	-4	7	10	13	5	29	15	8
Provision for Tax	2	0	-1	2	3	3	1	7	4	2
Profit After Tax	7	1	-3	5	8	10	4	21	11	6
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	7	1	-3	5	8	10	4	21	11	6
Adjusted Earnings Per Share	27.9	5.1	-11	18.1	30.4	37.1	14.7	83.3	44.3	24.3

Tasty Bite Eatables Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	112	145	177	208	252	296	337	426	385	372	476	537
Other Income	0	1	2	1	3	7	18	29	19	13	14	17
Total Income	112	146	178	209	255	303	355	455	404	386	489	555
Total Expenditure	99	134	152	175	210	249	291	381	332	339	412	460
Operating Profit	13	12	26	34	46	54	64	74	73	47	78	95
Interest	1	2	3	2	3	2	4	4	3	8	9	8
Depreciation	3	4	7	7	9	11	13	17	17	24	27	29
Exceptional Income / Expenses	-0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	6	17	25	34	41	47	53	53	14	41	57
Provision for Tax	3	2	6	8	12	15	17	12	13	4	11	14
Profit After Tax	6	4	11	16	22	26	30	41	39	10	30	42
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	6	4	11	16	22	26	30	41	39	10	30	42
Adjusted Earnings Per Share	24.6	16.8	42	62.8	85.7	103.1	117.2	159.2	153.3	40.2	117.7	166.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	4%	10%	16%
Operating Profit CAGR	66%	2%	8%	20%
PAT CAGR	200%	-10%	3%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	24%	-9%	5%	47%
ROE Average	13%	13%	19%	23%
ROCE Average	16%	15%	21%	22%

Tasty Bite Eatables Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	30	34	45	61	74	99	132	163	207	217	243
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	29	24	21	20	36	31	26	21	50	44	33
Other Non-Current Liabilities	3	5	5	7	7	9	9	13	70	62	55
Total Current Liabilities	31	46	42	44	52	53	58	101	120	106	125
Total Liabilities	93	109	113	131	170	192	225	298	447	429	457
Fixed Assets	32	64	61	61	65	76	82	98	179	189	207
Other Non-Current Assets	17	2	1	2	16	10	22	49	69	81	65
Total Current Assets	44	43	51	68	89	106	121	150	200	159	185
Total Assets	93	109	113	131	170	192	225	298	447	429	457

Tasty Bite Eatables Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	9	4	6	4	3	6	8	8	35	4
Cash Flow from Operating Activities	-2	23	10	15	12	21	56	37	40	65	61
Cash Flow from Investing Activities	-15	-21	-4	-7	-24	-7	-30	-52	-56	-47	-34
Cash Flow from Financing Activities	20	-7	-4	-6	11	-12	-23	15	43	-49	-18
Net Cash Inflow / Outflow	3	-5	2	1	-1	2	2	-0	27	-31	10
Closing Cash & Cash Equivalent	9	4	6	7	3	6	8	8	35	4	13

Tasty Bite Eatables Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	24.63	16.85	42.04	62.8	85.71	103.1	117.16	159.24	153.32	40.25	117.73
CEPS(Rs)	35.16	32.49	68.83	91.57	121.09	145.88	166.45	224.9	220.21	134.89	224.83
DPS(Rs)	1	1	1	2	2	2	2	2	2	1	2
Book NAV/Share(Rs)	116.42	132.09	172.06	234.79	288.73	384.41	507.68	629.03	798.48	839.63	942.18
Core EBITDA Margin(%)	11.35	7.77	13.8	16.1	16.84	16.05	13.6	10.49	13.96	9.02	13.45
EBIT Margin(%)	9.23	5.41	10.82	12.87	14.47	14.64	15.26	13.36	14.43	6.12	10.56
Pre Tax Margin(%)	8.29	4.27	9.26	11.72	13.48	13.85	13.97	12.53	13.64	3.89	8.57
PAT Margin (%)	5.63	2.95	6.06	7.69	8.67	8.93	8.92	9.6	10.21	2.78	6.35
Cash Profit Margin (%)	8.04	5.69	9.92	11.21	12.24	12.63	12.68	13.55	14.67	9.3	12.13
ROA(%)	8.21	4.28	9.75	13.24	14.63	14.63	14.43	15.64	10.57	2.36	6.82
ROE(%)	23.55	13.58	27.66	30.88	32.74	30.63	26.27	28.02	21.48	4.91	13.21
ROCE(%)	17.32	10.4	23.12	28.47	30.75	31.03	32.9	28.75	20.67	7.53	16.45
Receivable days	43.88	39.91	33.25	36.06	40.5	43.04	40.77	40.89	52.75	53.36	43.14
Inventory Days	26.83	29.52	28.67	28.78	33.51	37.77	44.77	46.49	61.02	66.52	58.76
Payable days	62.81	70.72	69.05	53.89	49.35	48.77	56.84	55.62	72.71	82.02	78.88
PER(x)	5.64	14.18	14.39	26.92	54.35	72.39	71.34	56.52	93.86	269.93	68.19
Price/Book(x)	1.19	1.81	3.52	7.2	16.13	19.41	16.46	14.31	18.02	12.94	8.52
Dividend Yield(%)	0.72	0.42	0.17	0.12	0.04	0.03	0.02	0.02	0.01	0.01	0.02
EV/Net Sales(x)	0.63	0.7	1.09	2.24	4.96	6.59	6.46	5.55	9.77	7.68	4.46
EV/Core EBITDA(x)	5.34	8.5	7.39	13.61	27.34	35.91	33.96	32.06	51.73	60.75	27.3
Net Sales Growth(%)	35.28	30.36	21.64	17.79	21.1	17.36	13.8	26.37	-9.5	-3.43	27.84
EBIT Growth(%)	189.97	-23.53	143.37	39.92	36.15	18.13	18.5	10.64	-2.24	-59.06	120.78
PAT Growth(%)	280.51	-31.57	149.35	49.35	36.44	20.29	13.63	35.92	-3.72	-73.75	192.51
EPS Growth(%)	281.52	-31.6	149.55	49.37	36.49	20.29	13.63	35.92	-3.72	-73.75	192.51
Debt/Equity(x)	1.42	1.28	0.97	0.66	0.85	0.43	0.3	0.38	0.52	0.34	0.31
Current Ratio(x)	1.42	0.95	1.23	1.55	1.71	1.98	2.1	1.49	1.66	1.51	1.48
Quick Ratio(x)	1.1	0.65	0.89	1.11	1.18	1.35	1.25	0.9	1.09	0.88	0.78
Interest Cover(x)	9.83	4.75	6.95	11.24	14.55	18.54	11.88	16.16	18.38	2.75	5.3
Total Debt/Mcap(x)	1.21	0.72	0.28	0.09	0.05	0.02	0.02	0.03	0.03	0.03	0.04

Tasty Bite Eatables Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.23	74.23	74.23	74.23	74.23	74.23	74.23	74.23	74.23	74.23
FII	3.67	3.67	3.6	3.61	3.56	3.67	3.61	3.73	3.77	4.12
DII	0.26	0.25	0.15	0.97	0.98	0.89	0.62	0.48	0.47	0.47
Public	21.84	21.85	22.03	21.19	21.23	21.21	21.53	21.56	21.52	21.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.06	0.06	0.06	0.05	0.05	0.05	0.06	0.06	0.06	0.05
Others	0	0	0	0	0	0	0	0	0	0
Total	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26

Pros

Debtor days have improved from 82.02 to 78.88days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 10.2 times its book value.
The company has delivered a poor profit growth of 2% over past five 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.

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Tasty Bite Eatables

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Tasty Bite Eatables Research see more...

Overview Inc. Year: 1985Industry: Consumer Food

Tasty Bite Eatables Share Price

Alert Data

Quarterly Price

Peer Comparison

Tasty Bite Eatables Quarterly Results

Tasty Bite Eatables Profit & Loss

Growth Rates

Tasty Bite Eatables Balance Sheet

Tasty Bite Eatables Cash Flow

Tasty Bite Eatables Ratios

Tasty Bite Eatables Shareholding Pattern

Tasty Bite Eatables News

Top Unlisted Companies & InstaBuy Companies

Empire Spices and Foods ltd

IPO

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