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Prataap Snacks Ltd share Price Today

Company details

884.00
914.85
746.70
1,450.00
6M Return -12.27%
1Y Return 7.52%
Mkt Cap.(Cr) 2,129.59
Volume 26,856
Div Yield 0.22%
OI
-
OI Chg %
-
Volume 26,856

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Packaged Foods company Prataap Snacks announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Sales/Income from Operations of Rs 3,979.10 million, registering a growth of 11% YoY
    • Adjusted Operating EBITDA of Rs 301.9 million, translating to a margin of 7.6%
    • Q4FY23 Adjusted EBITDA margin is the highest in the last 12 quarters
    • Reported PAT of Rs 216.1 million
    • Reported EPS (Diluted) of Rs 9.06 per share
  • FY23:
    • Sales / Income from Operations of Rs 16,417.1 million, registering growth of 19% YoY
    • Operating EBITDA of Rs 624.3 million, translating to a margin of 3.8%
    • PAT stood at Rs 202.9 million
    • EPS (Diluted) stood at Rs 8.51 per share
    • The Board of Directors has recommended a dividend of 20% equating to Re 1 per share (face value of Rs 5.0 per share)

Commenting on the Q4FY23 & FY23 performance, Amit Kumat – MD, Prataap Snacks said. “We have ended FY23 with sales of Rs 16,417.1 million, higher by 19% YoY. We are pleased to report our second successive year of strong revenue growth after covid disruption elevating us to our highest-ever annual revenue. This has been achieved by the expansion of our average distribution reach by nearly 1.6 lakh outlets over the last financial year to 21.8 lakh outlets (Source: Nielsen) across the country.

Revenues in the fourth quarter have been impacted by softer consumer demand due to sustained inflationary pressures and sluggish rural activities. As a result, we couldn’t meet the threshold revenue required to qualify for the production-linked incentive this year. Hence, PLI recognised on an accrual basis in Q1 to Q3 this year has been reversed in Q4, impacting the reported EBITDA.

The silver lining has been the improvement in EBITDA margin (adjusted for PLI reversal). Adjusted EBITDA of Rs 301.9 million in Q4 FY23 was higher by 511% YoY and the margin has improved by 620 basis points from 1.4% in Q4FY22 to 7.6% in Q4FY23, which is the highest in the last 12 quarters. This improvement has been driven by our compressed distribution structure, cost optimization measures and cooling of input prices, setting the tone for an improved margin performance in the next fiscal year.”

 

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Prataap Snacks Ltd shares SWOT Analysis

Strengths (10)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Revenue every quarter for the past 2 quarters

Opportunity (1)

  • Decrease in Provision in recent results

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 909.9
R2 927.8
R3 940.8
Pivot

896.97

S1 879.1
S2 866.1
S3 848.2
EMA SMA
873.7
899.8
942.5
949.1
860.3
885.0
1,007.7
979.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-22 1293.21 122766 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-22 1294.58 122766 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-22 1046.67 157874 NSE
Name Category Shares
RAJESH KUMAR MEHTA PROMOTER 2.85%
AMIT KUMAR KUMAT PROMOTER 2.63%
APOORVA KUMAT PROMOTER 2.57%
PREMLATA KUMAT PROMOTER 2.34%
NAVEEN KUMAR MEHTA PROMOTER 1.86%
ARVIND KUMAR MEHTA PROMOTER 1.59%
RITA MEHTA PROMOTER 1.37%
SANDHYA KUMAT PROMOTER 0.54%
PEAK XV PARTNERS GROWTH INVESTMENTS II PROMOTER 35.16%
SEQUOIA CAPITAL GFIV MAURITIUS INVESTMENTS PROMOTER 9.86%
SEQUOIA CAPITAL INDIA GROWTH INVESTMENT HOLDINGS I PROMOTER 2.52%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Prataap Snacks Ltd Stocks COMPARISON

Financials( in Cr) Prataap Snacks Ltd Hindustan Unilever Ltd Nestle India Ltd Varun Beverages Ltd Godrej Consumer Products Ltd
Price 892.05 2,479.75 2,542.50 1,639.25 1,392.95
% Change -0.35 -0.31 -0.36 3.85 -1.16
Mcap Cr 2,129.59 582,639.83 245,136.92 213,004.80 142,473.71
Revenue TTM Cr 1,652.93 61,896.00 17,423.38 16,042.58 13,315.97
Net Profit TTM Cr 20.31 10,282.00 2,390.52 2,101.81 1,702.46
PE TTM 39.64 56.71 76.90 98.38 74.33
1 Year Return 7.52 -7.33 13.04 103.00 31.98
ROCE 1.11 25.00 59.47 27.83 16.35
ROE 3.14 20.26 108.52 34.92 13.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 676.24 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Prataap Snacks Ltd Information

Stock PE (TTM)
39.64
Promoter Holding
64.27%
Book Value
305.2586
ROCE
1.11%
ROE
3.14%
Description
  • Prataap Snacks Ltd. (PSL) is a leading Indian Snack Foods Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Namkeen (traditional Indian snacks) under the popular and vibrant Yellow Diamond brand. It has recently launched a range of sweet snacks under the distinctive Rich Feast brand. PSL`s products are present across 27 states in India and it is one of the fastest growing companies in the organised snacks industry. Headquartered in Indore, India; PSL operates 9 manufacturing facilities of which 3 facilities (Indore, Assam-1 and Assam-2) are owned and 6 facilities (located in Ahmedabad, Kolkata and Bangalore) are on contract manufacturing basis. Its distribution network includes 235 super stockists and more than 3,500 distributors allowing it extensive reach across the country. PSL has a wide presence across the country that is equally spread in metro cities and urban clusters as well as in rural areas and Tier 2 and 3 cities and towns. Its products are available at independent grocers and small retail stores in the lanes and by-lanes of its key markets and it is now building up its presence in supermarkets, hypermarkets and modern trade outlets. Prataap Snacks Limited was incorporated as a private limited company with the name `Prataap Snacks Private Limited` on March 23, 2009 at Gwalior. The company received ISO 22000:2005 certification to their Indore Plant for manufacturing extruded snacks in 2010. The company incorporated its wholly owned subsidiary `Pure N Sure Food Bites Private Limited` in 2011. During the year under review, the company acquired the snack foods business of its Group Company, Prakash Snacks Private Limited, pursuant to a business transfer agreement dated September 28, 2011. Pursuant to such arrangement, the company acquired the Yellow Diamond brand and the snack foods business under such brand. During the year under review, the company commissioned plants to manufacture rings and namkeen in Indore. During the year under review, Sequoia Capital made investment aggregating to Rs 62 crore in the company. In 2012, the company set up a new plant to manufacture potato chips in Indore. During the year under review, Sequoia Capital made additional investment of Rs 12 crore in the company. Sequoia Capital made further investment of Rs 30 crore in the company in 2013. In 2014, the company commissioned a plant to manufacture rings, chulbule and pellets at Guwahati. During the year under review, Sequoia Capital made additional investment of Rs 25 crore in the company. In 2015, the company increased the capacity of chulbule and rings manufacturing plants in Indore. In the year 2016, the company commissioned a new plant to manufacture rings at Guwahati. During the year under review, the company`s plants at Indore for manufacturing potato chips and namkeen received ISO 22000:2005 certification. The company was converted into a public limited company and the name was changed to `Prataap Snacks Limited` on September 19, 2016. In 2017, the company raised Rs 50 crore from pre-IPO placement of 5.33 lakh shares. The company came out with an initial public offer (IPO) during the period from 22 September 2017 to 26 September 2017. The IPO was a combination of fresh issue of Rs 200 crore and Offer for Sale of upto 30.05 lakh shares by the selling shareholders. The stock made its debut on the secondary equity market on 5 October 2017. On 26 December 2017, Prataap Snacks announced that it has entered the category of sweet snacks market through its wholly owned subsidiary with the launch of its new brand Rich Feast`. The first product under the new brand is Yum Pie`, a three layered treat with sponge cake, flavoured jam and chocolate. The company has set up a fully automated manufacturing plant by its wholly owned subsidiary Pure n Sure Food Bites Pvt. Ltd. in Indore (M.P.) to manage the production of Yum-Pie. Yum Pie is a 100% vegetarian product launched at an affordable price point of Rs 5. The products have been designed and targeted towards kids in the age group of 4-14. Yum Pie is available in orange, strawberry and mixed fruit flavours. On 25 January 2018, Prataap Snacks announced that it has entered into a new contract for third party manufacturing at Ahmedabad, Gujarat, Bengaluru, Karnataka and Kolkata, West Bengal for producing potato chips. The enhanced capacities will widen its manufacturing footprint enabling it to cater to the growing demand for its products. The contract manufacturing facilities provide the additional advantage of being located in close proximity to the target markets ensuring optimal logistics and freight management. On 22 March 2018, Prataap Snacks informed the stock exchanges that at sales event held on 21 March 2018, the company celebrated achievement of Rs 1000 crore in annual turnover for the first time in its history. The company considers this to be a significant milestone in its growth journey. The Board of Directors of Prataap Snacks (PSL) at its meeting held on 22 August 2018 considered and approved the scheme of amalgamation (scheme) for the merger of its wholly owned subsidiary Pure N Sure Foods Bites Private Limited. The Board of Directors of Prataap Snacks (PSL) at its meeting held on 22 August 2018 approved strategic investment in Avadh Snacks Private Limited (the Investee Company by (i) acquisition of 76.88% of the share capital of the Investee Company from its existing shareholders; and (ii) a subsequent equity investment of upto 3.12% of the share capital of the Investee Company, post completion of acquisition in (i) above. Pursuant to the above transaction, the company will also indirectly acquire control of Red Rotopack Private Limited, which is a wholly owned subsidiary of the Investee Company (WHS). The company on August 22, 2018 has entered into a share purchase agreement and shareholders` agreement for the said transaction. Avadh Snacks Pvt Ltd, promoted by Mr. Rajesh Savani, Mr. Dilip Lolani and Mr. Neel Jagani is engaged in the manufacturing and selling of branded packaged snacks under brand name `Avadh`. PSL has agreed to acquire 80% equity stake for a consideration of Rs 148 crore through a combination of primary & secondary investment. The product bouquet of PSL and Avadh are complementary and will create a balanced portfolio with a mix of regional and national flavours & variants across categories. The acquisition will also lead to a significant synergy in distribution across Gujarat and neighbouring markets. The Board of Directors of Prataap Snacks at its meeting held on 1 October 2018 took note and approved the payment made towards the acquisition of 4.99 lakh equity shares from certain shareholders of Avadh Snacks Private Limited (Avadh) and fresh subscription of 1.01 lakh equity shares of Avadh by the company. Thereafter, the company on 4 October 2018 completed the acquisition of 76.88% of the share capital of Avadh from certain of its existing shareholders.

Registered Address

Khasra No 378/2 Nemawar Road, Near Makrand House, Indore, Madhya Pradesh, 452020

Tel : 91-731-2439999
Email : complianceofficer:yellowdiamond.in
Website : http://www.yellowdiamond.in
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 540724
NSE Code : DIAMONDYD
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE393P01035

FAQ’s on Prataap Snacks Ltd Shares

You can buy Prataap Snacks Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Prataap Snacks Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:48 PM the closing price of Prataap Snacks Ltd was Rs.892.05.

The latest PE ratio of Prataap Snacks Ltd as of Jun 14, 2024 03:48 PM is 39.64

The latest PB ratio of Prataap Snacks Ltd as of Jun 14, 2024 03:48 PM is 0.34

The 52-week high of Prataap Snacks Ltd share price is Rs. 1,450.00 while the 52-week low is Rs. 746.70

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:48 PM, the market cap of Prataap Snacks Ltd stood at Rs. 2,129.59.

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