Mrs. Bectors Food
BECTORFOOD NSE
Mrs. Bectors Food
Food ProductsNSE: BECTORFOOD BSE: 543253 Packaged Foods
Key Fundamentals
MicrocapPackaged FoodsFood ProductsMarket Cap
₹7,297 Cr
Volatility
Moderate
P/E Ratio
50.1
EBITDA
₹289 Cr
Return on Equity
11.08%
Debt to Equity
0.15
Book Value
₹41.4
EPS
₹23.96
52W High
₹285.04
52W Low
₹165
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 22.5%
Growth Rate
Revenue Growth
9.03% lower than
3Y
Net Income Growth
-1.61% lower than
3Y
Cash Flow Change
34.88% lower than
3Y
ROE
-9.85% lower than
3Y
ROCE
-11.78% higher than
3Y
EBITDA Margin (Avg.)
-5.56% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoAI opinion · based on fundamentals
Risk medium
Mrs Bectors Food Specialities is a mid-cap FMCG company with FY25 consolidated revenue of Rs 1,874 Cr (up 15.4% YoY) and PAT of Rs 143 Cr, trading at a PE of 38.5x with a market cap of Rs 5,420 Cr. The company has a near debt-free balance sheet (debt-to-equity of 0.1) but faces margin compression with OPM declining from 14.8% in FY24 to 13.2% in FY25, and its stock has declined 35% over the past year.
Bull Case 8
- Strong revenue growth track record with 5-year compounded sales CAGR of 18% and FY25 consolidated revenue up 15.4% YoY to Rs 1,874 Cr
- Near debt-free balance sheet with debt-to-equity ratio of just 0.1 in FY25, providing financial flexibility for expansion
- Aggressive capacity expansion across 7 facilities (Rajpura, Indore, Kolkata, Khopoli, Bavla, Bhiwadi, Dhar) with Khopoli plant commencing commercial production in March 2026
- Consistent profitability growth with 5-year compounded profit CAGR of 14% and 3-year profit CAGR of 16%
- Healthy dividend payout of 22.5% with Rs 6 per share total dividend in FY25, reflecting shareholder-friendly capital allocation
- Diversified geographic revenue mix with 36% of FY25 revenue from exports, reducing domestic demand concentration risk
- Bakery segment growing at 14% in FY26, demonstrating strength in premium product categories and product innovation pipeline
- FY26 full-year revenue reached Rs 2,044 Cr, crossing the Rs 2,000 Cr milestone with 9% growth despite headwinds
Bear Case 8
- Stock has declined 35% over the past 1 year, significantly underperforming the broader market and reflecting investor concern
- Operating profit margin compressed from 14.8% in FY24 to 13.2% in FY25 to 12.4% in FY26, a persistent declining trend
- FY26 PAT declined marginally to Rs 141 Cr from Rs 143 Cr in FY25, indicating profit stagnation despite revenue growth (TTM profit growth of -1%)
- High export concentration at 36% of revenue exposes the company to tariff uncertainty and currency risks, with exports being a key drag in recent quarters
- Valuation remains elevated at 38.5x PE despite decelerating earnings growth, leaving limited margin of safety
- ROE has declined from a 3-year average of 15% to 12% in the last year, indicating reducing capital efficiency
- Revenue growth decelerated sharply from 15.4% in FY25 to 9% TTM, suggesting demand moderation
- Heavy capex phase across multiple new plants may pressure free cash flows in the near term, with FY25 operating cash flow at only Rs 153 Cr versus expanding capacity requirements
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 69d ago Neutral 1
- Institutional investor plant visit Jun 08
Mrs. Bectors Food Specialities scheduled a group plant visit with institutional investors on June 11, 2026, disclosed under SEBI LODR Regulation 30.
TL;DR: Limited news flow for BECTORFOOD this period with only a scheduled institutional investor plant visit on the calendar. No material headwinds or positive catalysts reported. The plant visit on June 11 suggests ongoing investor engagement, which could signal management confidence in operations but carries no directional implication on its own.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 374 | 415 | 429 | 406 | 439 | 496 | 492 | 446 | 473 | 551 | 533 | 486 | 549 |
| Expenses | 316 | 350 | 368 | 348 | 375 | 426 | 431 | 391 | 415 | 482 | 465 | 424 | 477 |
| Operating Profit | 58 | 65 | 61 | 59 | 64 | 70 | 61 | 56 | 58 | 69 | 68 | 62 | 72 |
| OPM % | 15% | 16% | 14% | 14% | 15% | 14% | 12% | 12% | 12% | 13% | 13% | 13% | 13% |
| Other Income | 5 | 3 | 5 | 7 | 5 | 6 | 7 | 11 | 7 | 7 | 7 | 10 | 9 |
| Interest | 2 | 3 | 3 | 4 | 4 | 4 | 3 | 2 | 3 | 3 | 2 | 3 | 3 |
| Depreciation | 14 | 15 | 16 | 16 | 17 | 19 | 19 | 20 | 21 | 24 | 23 | 22 | 26 |
| PBT | 47 | 50 | 46 | 45 | 48 | 52 | 46 | 45 | 41 | 49 | 50 | 47 | 52 |
| Tax % | 25% | 25% | 25% | 26% | 25% | 26% | 26% | 24% | 25% | 25% | 25% | 24% | 25% |
| Net Profit | 35 | 37 | 35 | 34 | 35 | 39 | 35 | 34 | 31 | 37 | 38 | 35 | 39 |
| EPS in Rs | 1.18 | 1.27 | 1.18 | 1.14 | 1.2 | 1.27 | 1.13 | 1.12 | 1.01 | 1.19 | 1.24 | 1.15 | 1.26 |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 691 | 784 | 762 | 881 | 988 | 1,362 | 1,624 | 1,874 | 2,044 | 2,119 |
| Expenses | 604 | 687 | 669 | 739 | 865 | 1,187 | 1,381 | 1,622 | 1,786 | 1,848 |
| Operating Profit | 86 | 97 | 93 | 141 | 123 | 175 | 243 | 251 | 258 | 271 |
| OPM % | 12% | 12% | 12% | 16% | 12% | 13% | 15% | 13% | 13% | 13% |
| Other Income | 2 | 2 | 3 | 10 | 6 | 12 | 19 | 29 | 31 | 32 |
| Interest | 7 | 13 | 16 | 10 | 7 | 13 | 12 | 13 | 12 | 11 |
| Depreciation | 28 | 35 | 42 | 45 | 46 | 53 | 61 | 76 | 90 | 94 |
| PBT | 53 | 51 | 39 | 97 | 76 | 121 | 188 | 192 | 187 | 198 |
| Tax % | 32% | 35% | 22% | 26% | 25% | 25% | 25% | 25% | 25% | — |
| Net Profit | 36 | 33 | 30 | 72 | 57 | 90 | 140 | 143 | 141 | 149 |
| EPS in Rs | 1.25 | 1.16 | 1.06 | 2.46 | 1.94 | 3.06 | 4.77 | 4.67 | 4.59 | 4.84 |
| Div. Payout % | 12% | 13% | 14% | 20% | 26% | 20% | 14% | 26% | 28% | — |
Balance Sheet
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 57 | 57 | 57 | 59 | 59 | 59 | 59 | 61 | 61 |
| Reserves | 209 | 237 | 262 | 372 | 410 | 486 | 604 | 1,104 | 1,210 |
| Borrowings | 139 | 165 | 134 | 132 | 136 | 127 | 245 | 184 | 191 |
| Other Liabilities | 105 | 117 | 113 | 118 | 117 | 160 | 192 | 216 | 225 |
| Total Liabilities | 511 | 577 | 566 | 681 | 722 | 831 | 1,100 | 1,565 | 1,686 |
| Fixed Assets | 261 | 363 | 354 | 354 | 411 | 426 | 524 | 623 | 931 |
| CWIP | 92 | 16 | 7 | 55 | 12 | 49 | 94 | 238 | 90 |
| Investments | 4 | 4 | 4 | 10 | 11 | 11 | 4 | 4 | 7 |
| Other Assets | 154 | 195 | 202 | 261 | 288 | 345 | 478 | 700 | 659 |
| Total Assets | 511 | 577 | 566 | 681 | 722 | 831 | 1,100 | 1,565 | 1,686 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | — | — | 109 | 110 | 84 | 164 | 153 | 161 | 218 |
| Investing | — | — | -43 | -125 | -57 | -151 | -224 | -331 | -213 |
| Financing | — | — | -51 | 28 | -30 | -37 | 69 | 248 | -54 |
| Net Cash Flow | — | — | 15 | 14 | -2 | -23 | -1 | 79 | -49 |
| Free Cash Flow | — | — | 68 | 30 | 25 | 56 | -61 | -97 | 5 |
| CFO/OP | — | — | 131 | 94 | 86 | 111 | 83 | 84 | 101 |
Ratios
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 47 | 36 | 30 | 28 | 24 | 30 | 26 | 31 |
| Inventory Days | 34 | 30 | 39 | 45 | 52 | 39 | 44 | 50 | 41 |
| Days Payable | 37 | 42 | 42 | 45 | 38 | 38 | 45 | 38 | 38 |
| Cash Conversion Cycle | 33 | 35 | 33 | 30 | 42 | 26 | 29 | 38 | 34 |
| Working Capital Days | 4 | 14 | 7 | 23 | 19 | 13 | 8 | 12 | 17 |
| ROCE % | — | 15% | 12% | 21% | 14% | 21% | 25% | 18% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Mrs. Bectors Food insights
66 extracted metrics + investor summaries across FY18–FY27.
Documents
1
Clarification sought from Mrs. Bectors Food Specialities Ltd
22 Jul - Exchange has sought clarification from Mrs. Bectors Food Specialities Ltd on July 22, 2026 with reference to significant movement in price, in order to ensure … 22 Jul - Exchange has sought clarification from Mrs. Bectors Food Specialities Ltd on July 22, 2026 with reference to significant movement in price, in order to ensure …
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no demat/remat requests received. 13 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no demat/remat requests received.
3
Intimation Of Commencement Of Commercial Production At Khopoli, Maharashtra ('Khopoli Project')
31 Mar - Bakebest Foods' Khopoli bakery began commercial production March 31, 2026; capacity 36,464 metric tonnes per annum. 31 Mar - Bakebest Foods' Khopoli bakery began commercial production March 31, 2026; capacity 36,464 metric tonnes per annum.
4
Closure of Trading Window
28 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026. 28 Mar - Trading window closed Apr 1, 2026 until 48 hours after audited results for quarter/year ended Mar 31, 2026.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Mar - Senior management to hold virtual one-to-one investor meetings on Mar 27, Mar 30, Mar 31; presentation uploaded. 24 Mar - Senior management to hold virtual one-to-one investor meetings on Mar 27, Mar 30, Mar 31; presentation uploaded.
Frequently Asked Questions about Mrs. Bectors Food
What does Mrs Bectors Food Specialities Ltd do?
Incorporated in 1995, Mrs. Bectors Food Specialities Ltd manufactures biscuits and bakery products.[1]
Where is Mrs Bectors Food Specialities Ltd (BECTORFOOD) listed?
Mrs Bectors Food Specialities Ltd trades as BECTORFOOD on the NSE and under code 543253 on the BSE.
Which sector does Mrs Bectors Food Specialities Ltd belong to?
Mrs Bectors Food Specialities Ltd is classified under the Food Products sector, in the Packaged Foods industry.
What is the market capitalisation of Mrs Bectors Food Specialities Ltd?
Mrs Bectors Food Specialities Ltd has a market capitalisation of ₹7,297 Cr, which places it in the Mid Cap band.
What is the PE ratio of Mrs Bectors Food Specialities Ltd?
Mrs Bectors Food Specialities Ltd trades at a PE ratio of 50.10, on earnings per share of ₹23.96, against a book value of ₹41.4 per share.
What is the 52-week high and low of Mrs Bectors Food Specialities Ltd?
Over the last 52 weeks Mrs Bectors Food Specialities Ltd has traded between ₹165 and ₹285.04.
Does Mrs Bectors Food Specialities Ltd pay dividends?
Mrs Bectors Food Specialities Ltd has a dividend yield of 0.53%.
What is the Return on Equity (ROE) of Mrs Bectors Food Specialities Ltd?
Mrs Bectors Food Specialities Ltd reported a return on equity of 11.08%. Its debt-to-equity ratio is 0.15.
Company Information
Incorporated in 1995, Mrs. Bectors Food Specialities Ltd manufactures biscuits and bakery products.[1]
Website bectorfoods.com
CEO Mr. Manu Talwar
Employees 2,710
Listed 2020-12-24
Face Value ₹ 2
Issued Size 30,69,90,595
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