Britannia Industries Limited

NSEI:BRITANNIA Stock Report

Mkt Cap: ₹1.1t

We’ve recently updated our valuation analysis.

Britannia Industries Valuation

Is BRITANNIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRITANNIA?

Other financial metrics that can be useful for relative valuation.

BRITANNIA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.2x
Enterprise Value/EBITDA44.4x
PEG Ratio4.7x

Price to Earnings Ratio vs Peers

How does BRITANNIA's PE Ratio compare to its peers?

The above table shows the PE ratio for BRITANNIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average68.8x
531642 Marico
51.8x14.5%₹638.5b
TATACONSUM Tata Consumer Products
63.3x17.4%₹674.7b
500790 Nestlé India
84.7xn/a₹1.8t
AWL Adani Wilmar
75.5x32.7%₹519.8b
BRITANNIA Britannia Industries
52x11.0%₹1.1t

Price-To-Earnings vs Peers: BRITANNIA is good value based on its Price-To-Earnings Ratio (52x) compared to the peer average (68.8x).


Price to Earnings Ratio vs Industry

How does BRITANNIA's PE Ratio compare vs other companies in the IN Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.1%
n/an/an/a

Price-To-Earnings vs Industry: BRITANNIA is expensive based on its Price-To-Earnings Ratio (52x) compared to the Indian Food industry average (24x)


Price to Earnings Ratio vs Fair Ratio

What is BRITANNIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRITANNIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: BRITANNIA is expensive based on its Price-To-Earnings Ratio (52x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).


Share Price vs Fair Value

What is the Fair Price of BRITANNIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRITANNIA (₹4628.85) is trading above our estimate of fair value (₹1096.89)

Significantly Below Fair Value: BRITANNIA is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BRITANNIA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹4,628.85
₹4,743.47
+2.5%
9.6%₹5,640.00₹3,730.00n/a36
Jan ’24₹4,307.45
₹4,380.46
+1.7%
10.2%₹5,200.00₹2,896.00n/a35
Dec ’23₹4,401.25
₹4,325.03
-1.7%
9.3%₹5,090.00₹2,896.00n/a37
Nov ’23₹3,788.00
₹3,934.63
+3.9%
8.0%₹4,620.00₹2,896.00n/a35
Oct ’23₹3,843.05
₹3,910.74
+1.8%
8.3%₹4,620.00₹2,896.00n/a35
Sep ’23₹3,718.15
₹3,897.91
+4.8%
8.1%₹4,620.00₹2,896.00n/a35
Aug ’23₹3,855.65
₹3,782.64
-1.9%
8.0%₹4,415.00₹2,896.00n/a33
Jul ’23₹3,584.35
₹3,748.53
+4.6%
7.7%₹4,415.00₹2,896.00n/a34
Jun ’23₹3,551.30
₹3,769.65
+6.1%
6.7%₹4,415.00₹3,200.00n/a31
May ’23₹3,279.25
₹3,782.00
+15.3%
8.8%₹4,646.00₹3,022.00n/a30
Apr ’23₹3,230.65
₹3,864.97
+19.6%
9.0%₹4,646.00₹3,022.00n/a31
Mar ’23₹3,427.45
₹3,937.75
+14.9%
6.9%₹4,646.00₹3,200.00n/a32
Feb ’23₹3,656.60
₹3,944.00
+7.9%
6.9%₹4,646.00₹3,200.00₹4,370.9532
Jan ’23₹3,606.00
₹4,006.31
+11.1%
6.7%₹4,507.00₹3,350.00₹4,307.4532
Dec ’22₹3,535.25
₹4,022.66
+13.8%
6.5%₹4,507.00₹3,350.00₹4,401.2532
Nov ’22₹3,678.15
₹4,105.76
+11.6%
8.9%₹4,750.00₹3,200.00₹3,788.0033
Oct ’22₹3,921.10
₹4,019.78
+2.5%
8.0%₹4,670.00₹3,200.00₹3,843.0532
Sep ’22₹4,015.35
₹3,987.06
-0.7%
7.8%₹4,560.00₹3,200.00₹3,718.1532
Aug ’22₹3,423.40
₹3,870.55
+13.1%
8.7%₹4,660.00₹3,200.00₹3,855.6533
Jul ’22₹3,595.80
₹3,868.83
+7.6%
8.3%₹4,500.00₹3,200.00₹3,584.3533
Jun ’22₹3,446.75
₹3,886.25
+12.8%
8.4%₹4,500.00₹3,200.00₹3,551.3033
May ’22₹3,449.00
₹3,886.70
+12.7%
8.4%₹4,500.00₹3,200.00₹3,279.2533
Apr ’22₹3,618.50
₹3,995.18
+10.4%
7.6%₹4,564.00₹3,200.00₹3,230.6533
Mar ’22₹3,411.80
₹4,007.53
+17.5%
7.5%₹4,564.00₹3,200.00₹3,427.4532
Feb ’22₹3,520.75
₹4,066.59
+15.5%
8.7%₹4,746.00₹3,200.00₹3,656.6032

Analyst Forecast: Target price is less than 20% higher than the current share price.


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