Fundamental Analysis

TASTY BITE EATABLES 

Ticker : 519091  
BUY: Rs 12,648.90  
Target: Rs 14,000

Tasty Bite Eatables Limited is engaged in the business of manufacturing and selling prepared foods. It offers a range of ready-to-serve (RTS) ethnic food products under the brand name-Tasty Bite and Frozen Formed Products (FFP). On a standalone quarterly front, the net sales of the company grew by 34.72 per cent in Q4FY20 to Rs 114.79 crore, from Rs 85.20 crore in the same period for the previous fiscal year. Growth in operating profit remained flat with the company reporting Rs 17.07 crore in operating profit for Q4FY20 and Q4FY19. Net profit came in at Rs 8.53 crore in Q4FY20 from Rs 8.04 crore in Q4FY19, representing a growth of 6.2 per cent. Tasty bite Eatables have reported impressive growth in revenue and profitability despite the current pandemic crisis. Moreover, the company has a strong balance sheet and cash flow position to meet its financial commitments going forward as well. We thus, recommend a BUY.