Flex Foods Ltd.
Snapshot View

115.70 +2.20 ▲1.9%

26 July 2021, 04:00:00 P.M.
Volume: 33,074

Overview View Details

Sector Fast Moving Consumer Goods Compare with Sector peers
Industry Consumer Food Compare with Industry peers
Website http://www.flexfoodsltd.com
Financial Indicators
Market Cap 144.05 Cr.
Earnings per share (EPS) 9.63 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 12.01 Trailing Twelve Months Ending 2021-03
Industry PE 56.85 Trailing Twelve Months Ending 2021-03
Book Value / Share 85.08 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.36 Calculated using Price: 115.70
Dividend Yield 0.86 Period Ending 2020-03
No. of Shares Subscribed 1.25 Cr. 12,450,000 Shares
FaceValue 10
Company Profile

Flex Foods Ltd is a part of Flex Group of Companies including Flex Industries Ltd., Flex Engineering Ltd. and other companies involved in packaging and information technology business with a total turnover of Rs 1.4 Billions( Dollar 300 Millions).

The company is engaged in the business of agro based value added food products catering to the international markets mainly in Europe, USA, Canada & Middle East countries. The company started its commercial operations in 1992 by establishing a 100% EOU for vacuum freeze dried vegetables mainly mushroom and culinary herbs with a total processing capacity of 2000 MTs per annum.

As a backward integration, the company simultaneously established an 'state-of-the-art' mushroom growing unit with a capacity of 2000 MTs per annum and successfully achieved the 100% capacity utilization by producing high quality white button mushroom through in-house technology development & process optimization along with the technical support from M/s Agrisystems, Holland.

The company also deals in canned mushroom with the brand 'Chef's Choice'. Recently FFL has embarked on a major expansion programme by installing the world class manufacturing facilities for IQF and Air- Dried Mushrooms, Culinary Herbs & Fruits/ Vegetables.

The company has been a major success story in the food processing sector in India with a very high degree of value addition through annual export turnover of approximate Rs.300 Millions. Flex Foods has over 500 employees in its operations and creates employment for over 1000 families through outsourced farming & allied activities. 'Good Manufacturing Practices', 'Quality Management System', and Envt-Health & Safety Management Practices are ensured through regular training & awareness programmes.

The processing infrastructure of the company includes the most modern plant equipments from leading technology providers i.e. NIROA/s , Denmark ; NON, Holland; BINDER, Germany & Eurotek, UK along with those from the leading Indian companies. The plant can process upto 20000 MTs of fruits & vegetables per annum in the form of freeze-dried, frozen, IQF, air-dried and canned products. All the process steps starting from the reciept of raw materials till final packaging of the product, are under strict quality environment & hygienic conditions to achieve the highest level of microbiological & phytosanitary standards.

The technical human resource comprises of highly skilled professional experts in the field of Food Technology, Total Quality Management, Engineering & Agro- Sciences from leading institutes supported by a highly skilled & trained staff and allied manpower.Flex Foods lays top priority on sourcing & quality control of input materials to ensure the highest standards of quality, hygiene & product safety. In order to achieve the right quality of finished products, most of the input materials including mushroom, herbs & other fruits & vegetables are grown under the supervision of in-house experts to ensure that optimum farm conditions and agri-practices are followed throughout the growing & harvesting cycles .

Captive mushroom cultivation unit with a total annual capacity of 2000 MTs is fully equipped with international quality monitoring techniques & best storage facilities to ensure that the fresh & hygienic inputs are always available to the processing units to meet the strict international requirements.

Captive farming of culinary herbs & beans / vegetables has been a remarkable success in terms of the wide range varieties grown under local agro climatic conditions with pesticide free cultivation practices.

The company employs a team of over 15 agri-scientists & experts in food technology, cultivation, agronomy and horticulture sciences. Good Agricultural Practices (GAPs) are ensured through regular interaction & awareness programme for farmers & growers.

Product range of the company includes:

Flex Foods offers a wide range of  Vacuum Freeze Dried, Air-Dried, Frozen and IQF (Individually Quick Frozen) product range of mushrooms, herbs, spices and fruits / vegetables, meeting strict quality & hygiene standards.

Frozen/IQF & Freeze Dried /Air Dried Products - Canned Mushroom

  • Mushroom Buttons
  • Mushroom Slices
  • Mushroom Dices
  • Mushroom Blanched
  • Mushroom Unblanched

Herbs & Spices

  • Parsley
  • Dill
  • Basil
  • Thyme
  • Oregano
  • Marjoram
  • Chervil
  • Sage
  • Mint
  • Savory
  • Rosemary
  • Tarragon
  • Green Pepper
  • Coriander
  • Lemon Grass

Fruits & Vegetables

  • Onion - Red / White
  • Garlic
  • Tamarind Powder
  • Cauliflower / Cabbage
  • French Beans
  • Bell Pepper
  • Jalapeno / Tabasco
  • Broccoli
  • Peas
  • Okra
  • Litchi
  • Pineapple
  • Banana 
  • Mango

Achievements/ recognition:

  • The facilities of the company have been certified for KOSHER and HACCP standards as per the customers’ requirements.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.94%
1 Week
+0.17%
1 Month
+37.00%
3 Month
+49.77%
6 Month
+58.17%
1 Year
+160.88%
2 Year
+106.61%
5 Year
+24.74%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 8.56 11.01 18.48 14.97 11.84 10.58 8.78 13.09 7.37
Return on Capital Employed (%) 13.29 13.96 20.50 19.59 16.35 14.29 12.85 12.61 7.16
Return on Assets (%) 5.42 6.84 10.96 8.61 6.50 5.62 4.87 7.89 4.86

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 49 52 60 66 72 76 79 90 95
Non Curr. Liab. 9 7 13 13 26 21 25 18 12
Curr. Liab. 22 24 33 34 41 43 35 33 32
Minority Int.
Equity & Liab. 80 83 106 113 139 141 139 141 139
Non Curr. Assets 43 44 55 69 78 78 84 88 85
Curr. Assets 37 38 51 44 60 63 55 53 54
Misc. Exp. not W/O
Total Assets 80 83 106 113 139 141 139 141 139

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 50 53 66 72 83 85 91 85 81
Other Income 3 3 3 2 2 2 2 2 2
Total Income 53 56 69 75 85 87 93 86 82
Total Expenditure -42 -43 -50 -54 -64 -66 -74 -67 -69
PBIDT 12 12 19 21 21 21 19 20 14
Interest -1 -2 -2 -3 -4 -5 -4 -3 -2
Depreciation -3 -3 -4 -4 -4 -5 -5 -5 -5
Taxation -3 -2 -3 -5 -5 -3 -4 0 1
Exceptional Items
PAT 4 6 10 9 8 8 7 11 7

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 8 6 12 11 26 10 18 17 17
Cash Fr. Inv. -6 -1 -13 -7 -21 -4 -11 -7 -2
Cash Fr. Finan. -1 -5 5 -7 4 -12 -12 -8 -13
Net Change 1 0 4 -4 9 -6 -5 2 1
Cash & Cash Eqvt 5 5 9 5 15 8 3 5 6

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 59.68 59.68 59.68 59.68 59.68 59.68 59.68 59.68 59.68
Public 40.32 40.32 40.32 40.32 40.32 40.32 40.32 40.32 40.32
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 20 Jul 2021
Disclosure In Terms Of Regulation 23 (9) Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015
Disclosure In Terms Of Regulation 23 (9) Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015
Wed, 14 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- RAJESH DHEER
Designation :- Company Secretary and Compliance Officer
Fri, 09 Jul 2021
Shareholding for the Period Ended June 30 2021
Flex Foods Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

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