Britannia Industries
Market Cap
₹914.7b
Last Updated
2021/04/10 12:14 UTC
Data Sources
Company Financials +
Executive Summary
Britannia Industries Limited manufactures and sells various food products primarily in India. More Details
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record established dividend payer.
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: BRITANNIA is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BRITANNIA's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
5.0%
BRITANNIA
3.8%
IN Food
1.0%
IN Market
1 Year Return
35.6%
BRITANNIA
37.8%
IN Food
72.1%
IN Market
Return vs Industry: BRITANNIA underperformed the Indian Food industry which returned 37.8% over the past year.
Return vs Market: BRITANNIA underperformed the Indian Market which returned 72.1% over the past year.
Shareholder returns
| BRITANNIA | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | 3.8% | 1.0% |
| 30 Day | 9.1% | 4.8% | 0.1% |
| 90 Day | 6.2% | 2.0% | 6.7% |
| 1 Year | 42.4%35.6% | 40.1%37.8% | 74.8%72.1% |
| 3 Year | 54.6%45.8% | 47.5%42.2% | 28.1%21.7% |
| 5 Year | 195.5%175.1% | 178.4%163.6% | 87.1%72.8% |
Long-Term 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
6 days ago | Simply Wall St
Britannia Industries Limited (NSE:BRITANNIA) Will Pay A ₹12.50 Dividend In Three Days1 week ago | Simply Wall St
Should Britannia Industries Limited (NSE:BRITANNIA) Be Part Of Your Dividend Portfolio?4 weeks ago | Simply Wall St
What Kind Of Shareholders Own Britannia Industries Limited (NSE:BRITANNIA)?Valuation
Is Britannia Industries undervalued compared to its fair value and its price relative to the market?
48.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRITANNIA (₹3797.7) is trading above our estimate of fair value (₹1057.97)
Significantly Below Fair Value: BRITANNIA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRITANNIA is poor value based on its PE Ratio (48.8x) compared to the IN Food industry average (16.4x).
PE vs Market: BRITANNIA is poor value based on its PE Ratio (48.8x) compared to the Indian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: BRITANNIA is poor value based on its PEG Ratio (7.5x)
Price to Book Ratio
PB vs Industry: BRITANNIA is overvalued based on its PB Ratio (34.2x) compared to the IN Food industry average (1.2x).
Future Growth
How is Britannia Industries forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRITANNIA's forecast earnings growth (6.5% per year) is below the savings rate (7%).
Earnings vs Market: BRITANNIA's earnings (6.5% per year) are forecast to grow slower than the Indian market (24.5% per year).
High Growth Earnings: BRITANNIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: BRITANNIA's revenue (8.5% per year) is forecast to grow slower than the Indian market (14% per year).
High Growth Revenue: BRITANNIA's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BRITANNIA's Return on Equity is forecast to be very high in 3 years time (43.3%).
Past Performance
How has Britannia Industries performed over the past 5 years?
17.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRITANNIA has high quality earnings.
Growing Profit Margin: BRITANNIA's current net profit margins (14.6%) are higher than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: BRITANNIA's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: BRITANNIA's earnings growth over the past year (41.4%) exceeds its 5-year average (17.2% per year).
Earnings vs Industry: BRITANNIA earnings growth over the past year (41.4%) exceeded the Food industry 19.1%.
Return on Equity
High ROE: BRITANNIA's Return on Equity (68.8%) is considered outstanding.
Financial Health
How is Britannia Industries's financial position?
Financial Position Analysis
Short Term Liabilities: BRITANNIA's short term assets (₹36.6B) do not cover its short term liabilities (₹39.3B).
Long Term Liabilities: BRITANNIA's short term assets (₹36.6B) exceed its long term liabilities (₹8.3B).
Debt to Equity History and Analysis
Debt Level: BRITANNIA's debt to equity ratio (89.9%) is considered high.
Reducing Debt: BRITANNIA's debt to equity ratio has increased from 7.6% to 89.9% over the past 5 years.
Debt Coverage: BRITANNIA's debt is well covered by operating cash flow (81.8%).
Interest Coverage: BRITANNIA earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Britannia Industries's current dividend yield, its reliability and sustainability?
3.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BRITANNIA's dividend (3.82%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).
High Dividend: BRITANNIA's dividend (3.82%) is in the top 25% of dividend payers in the Indian market (1.83%)
Stability and Growth of Payments
Stable Dividend: BRITANNIA's dividends per share have been stable in the past 10 years.
Growing Dividend: BRITANNIA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (106.6%), BRITANNIA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BRITANNIA's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Varun Berry (58 yo)
7yrs
Tenure
₹97,853,600
Compensation
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. He serves as Non-Executive Independent ...
CEO Compensation Analysis
Compensation vs Market: Varun's total compensation ($USD1.31M) is above average for companies of similar size in the Indian market ($USD941.06K).
Compensation vs Earnings: Varun's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BRITANNIA's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: BRITANNIA's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Britannia Industries Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Britannia Industries Limited
- Ticker: BRITANNIA
- Exchange: NSEI
- Founded: 1892
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₹914.746b
- Shares outstanding: 240.87m
- Website: https://britannia.co.in
Number of Employees
Location
- Britannia Industries Limited
- The Business Precinct, Tower C
- 16th & 17th Floor
- Bengaluru
- Karnataka
- 560048
- India
Listings
Biography
Britannia Industries Limited manufactures and sells various food products primarily in India. The company offers bakery products, such as biscuit, bread, cake, and rusk; dairy products, including milk base...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 12:14 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
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.