Tasty Bite Eatables proportion has delivered sturdy returns for buyers over the last five years—the stock stood at 249. Eighty-five on May 30, 2014, closed at 8,200 degrees on BSE today. Rs 1 lakh invested into Tasty Bite Eatables shares on May 30, 2014, could have grown to Rs 32.81 lakh these days. During the identical length, Sensex won sixty-four. Forty-seven percentage to 39,831 from the closing degree of 24,217 on May 30, 2014.
Tasty Bite Eatables proportion charge has fallen 8.Seventy-two% because the start of this yr and received 3.19% over the past three hundred and sixty-five days.
The firm has Venky’s India, Mishtann Foods, Prataap Snacks, Parag Milk Foods, Heritage Foods, and DFM Foods as its indexed friends.
Compared to three,181% upward thrust inside the stock of Tasty Bite Eatables over the last five years, Venky’s India, Heritage Foods, and DFM Foods rose 546%, one hundred eighty.21%, and 411.Forty% during the same duration.
This Tata Group firm became Rs 1 lakh investment to Rs 26 lakh in 10 years
Other competition consisting of Mishtann Foods, Prataap Snacks, and Parag Milk Foods has not been indexed at some stage in the referred to length.
The company has shined over the last five years in phrases of overall economic performance. It tripled its earnings in the previous five years. Net earnings for monetary ended March 2019 stood at Rs 30.06 crore compared to Rs 10.09 crore in March 2015. Tasty Bite Eatables also logged a consistent rise in sales over the last five fiscals. Sales rose to Rs 336.09 crore for the economy ended March 2019 compared to Rs 166.75 crore for the fiscal ended March 2015.
Earnings in line with the percentage of the firm rose to Rs 117.Sixteen for March 2019 economic as compared to Rs forty two.04 for the economy ended March 2015.
Reserves and surplus of the company rose gradually to Rs 129. Forty-three crore for the fiscal ended March 2019 compared to Rs 41.59 crore for March 2015 financial.
In terms of return on capital employed (ROCE) too, the growth has been consistent. ROCE rose to 30.73% for financial ended March 2019 compared to fifteen.16% for the fiscal ended March 2015. The enterprise of the company has emerged as more excellent financially strong over the past five years. Its debt to equity ratio has been on a slide at some stage in the duration. From 0.87 for monetary ended March 2015, the ratio stood at zero.24 on the give up of last fiscal.