Brokerage house Firstcall Research is bullish on Tasty Bite Eatables and has recommended buy rating on the stock with a target price of Rs 675 in its research report dated April 01, 2015.
Firstcall Research's report on Tasty Bite Eatables
"Tasty Bite Eatables Limited was incorporated in 1985 and it manufactures and markets shelf stable ready-toserve ethnic food products. It offers a range of food products, including ready-to-eat Indian and Asian entrées, cooking sauces, and meal inspirations, as well as various types of rice. The flavors range from classic restaurant favorites such as a Channa Masala to unique fusion items such as the Tofu Corn Masala. The products require no cooking, have no preservatives, require no refrigeration and as the brand suggests, taste phenomenal! The company markets its products under the 'Tasty Bite' brand name in India and internationally. It also develops and manufactures food products for institutional users, such as hotels, quick-service restaurants, catering institutions, and other retail and corporate customers. Tasty Bite Eatables Limited is a subsidiary of Preferred Brands Foods (India) Private Limited."
"The company's net profit stood at Rs. 22.90 million against Rs. 10.06 million in the corresponding quarter ending of previous year. Revenue for the quarter rose by 4.32% to Rs. 404.45 million from Rs. 387.69 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs. 8.92 a share during the quarter as against Rs. 3.92 in Q3 FY14. Profit before interest, depreciation and tax is Rs. 54.67 million as against Rs. 24.09 million in the corresponding period of the previous year."
"At the current market price of Rs. 602.00, the stock P/E ratio is at 15.53 x FY15E and 12.86 x FY16E respectively. Earnings per share (EPS) of the company for the earnings for FY15E and FY16E are seen at Rs. 38.77 and Rs. 46.82 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 22% and 23% over 2013 to 2016E respectively. On the basis of EV/EBITDA, the stock trades at 7.92 x for FY15E and 6.66 x for FY16E. Price to Book Value of the stock is expected to be at 3.52 x and 2.77 x respectively for FY15E and FY16E. We recommend 'BUY' in this particular scrip with a target price of Rs. 675.00 for Medium to Long term investment", says Firstcall Research report.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Buy Tasty Bite Eatables; tgt of Rs 675: Firstcall Research
Dengan url
https://rokokkanker.blogspot.com/2015/04/buy-tasty-bite-eatables-tgt-of-rs-675.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy Tasty Bite Eatables; tgt of Rs 675: Firstcall Research
namun jangan lupa untuk meletakkan link
Buy Tasty Bite Eatables; tgt of Rs 675: Firstcall Research
sebagai sumbernya
0 komentar:
Posting Komentar