Tasty Bite Eatables proportion has delivered sturdy returns for buyers over the last five years. The stock, which stood at 249.Eighty five on May 30 2014, closed at 8,200 degree 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% considering the fact that 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 5 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 have been now not indexed at some stage in the referred to length.
The company has shined over the last five years in phrases of economic overall performance. It tripled its earnings over the last five years.
Net earnings for monetary ended March 2019 stood at Rs 30.06 crore in comparison 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 economic ended March 2019 in comparison to Rs 166.75 crore for financial ended March 2015.
Earnings in line with percentage of the firm rose to Rs 117.Sixteen for the March 2019 economic as compared to Rs forty two.04 for the economic ended March 2015.
Reserves and surplus of the company rose gradually to Rs 129.Forty three crore for the financial 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 as compared to fifteen.16% for the fiscal ended March 2015.
The enterprise of the company has emerge as greater financially strong over the past 5 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.
For the zone ended March 2019, the firm logged a 15.Thirteen% upward thrust in income at Rs eighty five.21 crore in comparison to Rs seventy four.01 crore in corresponding region of preceding fiscal.
Net earnings in Q4 rose 3.Forty eight% to Rs 8.03 crore as compared to Rs 7.76 crore within the corresponding area of previous financial.
For full yr, internet profit rose thirteen.Sixty one% to Rs 30.06 crore compared to Rs 26.46 crore for the monetary ended March 2018.
Sales rose 20.Seventy seven% to Rs 336.09 crore for the financial ended March 2019 as compared to Rs 278.30 crore at some point of the preceding financial ended March 2018.
India-based totally Tasty Bite Eatables is engaged inside the business of manufacturing and promoting organized ingredients. The organization offers a variety of equipped-to-serve (RTS) ethnic food merchandise below the brand name Tasty Bite and Frozen Formed Products (FFP). Its commercial enterprise segments consist of patron enterprise and food service commercial enterprise.
The company gives its products in diverse categories, inclusive of rice, consisting of Family Size Brown Rice, Family Size Basmati Rice, Moroccan Pilaf and Brown Rice Biryani; Asian noodles, inclusive of Szechuan, Peanut Satay, Thai Vegetable and Teriyaki, and spice and simmer, including Korma, Kashmir Curry and Tikka Masala.
It has presence in the United States, Canada, New Zealand, Japan and the United Kingdom. The company has production facility in Pune.