Britannia Industries Limited manufactures and sells various food products primarily in India.
Excellent balance sheet with solid track record.
Share Price & News
How has Britannia Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500825's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 500825 underperformed the Indian Food industry which returned -1.4% over the past year.
Return vs Market: 500825 exceeded the Indian Market which returned -32.2% over the past year.
Price Volatility Vs. Market
How volatile is Britannia Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Britannia Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 500825 (₹2561.1) is trading above our estimate of fair value (₹974.87)
Significantly Below Fair Value: 500825 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500825 is poor value based on its PE Ratio (46.5x) compared to the Food industry average (10.6x).
PE vs Market: 500825 is poor value based on its PE Ratio (46.5x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: 500825 is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: 500825 is overvalued based on its PB Ratio (17x) compared to the IN Food industry average (0.8x).
How is Britannia Industries forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500825's forecast earnings growth (13.7% per year) is above the savings rate (6.5%).
Earnings vs Market: 500825's earnings (13.7% per year) are forecast to grow slower than the Indian market (19.2% per year).
High Growth Earnings: 500825's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500825's revenue (10.6% per year) is forecast to grow faster than the Indian market (8.8% per year).
High Growth Revenue: 500825's revenue (10.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 500825's Return on Equity is forecast to be high in 3 years time (29%)
How has Britannia Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500825 has high quality earnings.
Growing Profit Margin: 500825's current net profit margins (11.5%) are higher than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 500825's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: 500825's earnings growth over the past year (17.7%) exceeds its 5-year average (12.8% per year).
Earnings vs Industry: 500825 earnings growth over the past year (17.7%) underperformed the Food industry 20.6%.
Return on Equity
High ROE: 500825's Return on Equity (36%) is considered high.
How is Britannia Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 500825's short term assets (₹37.7B) exceed its short term liabilities (₹24.4B).
Long Term Liabilities: 500825's short term assets (₹37.7B) exceed its long term liabilities (₹8.2B).
Debt to Equity History and Analysis
Debt Level: 500825's debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: 500825's debt to equity ratio has increased from 11.6% to 37.1% over the past 5 years.
Debt Coverage: 500825's debt is well covered by operating cash flow (55.8%).
Interest Coverage: 500825 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 500825 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500825's debt is covered by short term assets (assets are 2.8x debt).
What is Britannia Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500825's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.96%).
High Dividend: 500825's dividend (0.59%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
Stability and Growth of Payments
Stable Dividend: 500825's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500825's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.2%), 500825's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500825's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Varun Berry (57yo)
Mr. Varun Berry has been the Managing Director of Britannia Industries Limited since April 1, 2014 and served as its Chief Operating Officer since February 01, 2013. Mr. Berry served as Head of Indian Oper ...
CEO Compensation Analysis
Compensation vs Market: Varun's total compensation ($USD1.19M) is about average for companies of similar size in the Indian market ($USD947.82K).
Compensation vs Earnings: Varun's compensation has been consistent with company performance over the past year.
|MD & Whole Time Director||6yrs||₹91.00m||0.045% ₹278.4m|
|Chief Financial Officer||3.33yrs||no data||no data|
|Company Secretary & Compliance Officer||1.58yrs||no data||no data|
|Head of Sales & Dairy Business||no data||no data||no data|
|Head of Marketing||1.25yrs||no data||no data|
|Vice President of Human Resources||no data||no data||no data|
|Head of Consumer Insight||no data||₹813.64k||no data|
|Head - Dairy Business||0.58yr||₹4.05m||no data|
|Head of Supply Chain||9.67yrs||no data||no data|
|Head of Procurement||no data||no data||no data|
Experienced Management: 500825's management team is considered experienced (2.5 years average tenure).
|MD & Whole Time Director||6yrs||₹91.00m||0.045% ₹278.4m|
|Non-Executive Independent Director||13.92yrs||₹7.04m||no data|
|Non-Executive Chairman||26.58yrs||₹53.56m||0.0019% ₹11.5m|
|Non-Executive Director||26.58yrs||₹9.30m||no data|
|Non-Executive Director||10yrs||₹7.23m||0.0057% ₹35.4m|
|Non-Executive Independent Director||2.67yrs||₹7.08m||no data|
|Non-Executive Independent Director||23.83yrs||₹4.03m||no data|
|Non-Executive Director||14.58yrs||₹2.27m||no data|
|Additional Non-Executive Independent Director||3.17yrs||₹2.51m||no data|
|Non-Executive Independent Director||11yrs||₹5.69m||no data|
Experienced Board: 500825's board of directors are seasoned and experienced ( 12.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 500825 insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Britannia Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Britannia Industries Limited
- Ticker: 500825
- Exchange: BSE
- Founded: 1892
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₹616.380b
- Shares outstanding: 240.47m
- Website: https://www.britannia.co.in
- Britannia Industries Limited
- The Business Precinct, Tower C
- 16th & 17th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500825||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Nov 1998|
|BRITANNIA||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Nov 1998|
Britannia Industries Limited manufactures and sells various food products primarily in India. The company offers bakery products, such as biscuit, bread, cake, and rusk; and dairy products, including milk, cheese, dahi, ghee, dairy whiteners, and butter. It primarily offers its biscuits under the Good Day, Crackers, NutriChoice, Marie Gold, Tiger, Milk Bikis, Jim Jam + Treat, Bourbon, Little Hearts, Pure Magic, and Nice Time names. The company also exports its products to approximately 79 countries worldwide. Britannia Industries Limited was founded in 1892 and is based in Bengaluru, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 12:45|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.