Mrs. Bectors Food Specialities Ltd was incorporated on September 15, 1995.[1]It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively[2]Mrs. Rajni Bector started the enterprise in 1978 by manufacturing ice creams, bread, and biscuits.[3]It is promoted by Mr. Anoop Bector who has over 25 years of industry experience. He is also the Managing Director of the Company.[4]
Business Profile[1]Mrs. Bectors Food Specialities Ltd is a leading Indian manufacturer of biscuits, bakery products, and ready-to-eat desserts. It operates through two major brands—Cremica(biscuits, cookies, crackers, creams) andEnglish Oven(breads, bakery, value-added products). The company is also a preferred supplier to top QSR chains like McDonald’s, Domino’s, KFC, and Subway in India.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Nestle India | 1319.90 | 85.01 | 254518.21 | 1.02 | 753.20 | -1.88 | 5643.61 | 10.57 | 95.66 | 21023.38 | 22.97 | 2993.97 | 753.20 | 55.77 | 27.10 | 0.10 |
| 2. | Britannia Inds. | 6129.50 | 63.73 | 147640.22 | 1.22 | 655.06 | 23.12 | 4840.63 | 3.71 | 52.99 | 18487.65 | 18.10 | 2316.83 | 654.47 | 39.54 | 24.52 | 0.59 |
| 3. | Bikaji Foods | 711.70 | 82.57 | 17834.68 | 0.14 | 77.68 | 19.72 | 830.30 | 15.13 | 18.16 | 2808.83 | 12.60 | 215.99 | 82.80 | 11.90 | 11.27 | 0.21 |
| 4. | Zydus Wellness | 478.40 | 54.06 | 15220.81 | 0.25 | -52.80 | -256.82 | 650.50 | 31.97 | 6.16 | 2886.40 | 13.28 | 281.58 | -24.62 | 2.67 | 5.27 | 0.53 |
| 5. | The Bombay Burmah | 1876.70 | 11.73 | 13094.09 | 0.91 | 565.97 | -4.85 | 4942.83 | 3.82 | 35.52 | 18858.47 | 17.69 | 1115.85 | 240.84 | 2.09 | 17.90 | 0.39 |
| 6. | Mrs Bectors | 239.38 | 65.66 | 7348.74 | 0.50 | 30.84 | -9.45 | 514.90 | 11.12 | 16.39 | 1822.56 | 11.68 | 111.92 | 30.84 | 6.51 | 9.68 | 0.16 |
| 7. | Gopal Snacks | 320.60 | 157.98 | 3995.39 | 0.31 | 25.69 | -65.84 | 375.66 | -6.70 | 16.31 | 1408.89 | 4.04 | 25.29 | 9.87 | 9.21 | 8.45 | 0.15 |
| – | Median: 25 Co. | 235.0 | 60.96 | 641.2 | 0.04 | 3.62 | 8.03 | 162.61 | 13.46 | 16.31 | 602.05 | 8.61 | 23.26 | 3.62 | 4.29 | 8.45 | 0.21 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 342 | 400 | 458 | 347 | 409 | 438 | 321 | 379 | 412 | 322 | 386 | 463 | 515 |
Expenses | 297 | 346 | 405 | 296 | 352 | 388 | 279 | 325 | 363 | 284 | 327 | 400 | 453 |
Operating Profit | 45 | 55 | 53 | 51 | 57 | 50 | 43 | 54 | 48 | 38 | 58 | 63 | 61 |
Other Income | 3 | 4 | 5 | 4 | 5 | 6 | 4 | 6 | 9 | 3 | 3 | 5 | 5 |
Profit before tax | 32 | 40 | 37 | 40 | 41 | 33 | 32 | 41 | 38 | 24 | 44 | 46 | 41 |
Tax % | 25% | 25% | 26% | 26% | 25% | 25% | 25% | 25% | 24% | 26% | 25% | 26% | 25% |
Net Profit | 24 | 30 | 27 | 30 | 31 | 25 | 24 | 30 | 29 | 18 | 33 | 34 | 31 |
EPS in Rs | 0.81 | 1.02 | 0.89 | 1.02 | 1.05 | 0.81 | 0.82 | 1.04 | 0.94 | 0.61 | 1.11 | 1.11 | 1.00 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 559 | 556 | 588 | 650 | 736 | 708 | 838 | 924 | 1,264 | 1,512 | 1,742 | 1,823 |
Expenses | 495 | 496 | 527 | 576 | 652 | 626 | 705 | 815 | 1,112 | 1,294 | 1,520 | 1,610 |
Operating Profit | 64 | 60 | 60 | 74 | 84 | 82 | 133 | 109 | 153 | 218 | 222 | 213 |
Other Income | 3 | 18 | 2 | 4 | 8 | 7 | 10 | 11 | 12 | 17 | 24 | 25 |
Interest | 7 | 4 | 4 | 6 | 13 | 16 | 10 | 7 | 13 | 12 | 13 | 11 |
Depreciation | 18 | 19 | 22 | 24 | 31 | 39 | 42 | 43 | 49 | 58 | 71 | 78 |
Profit before tax | 42 | 55 | 37 | 47 | 48 | 35 | 91 | 69 | 102 | 165 | 162 | 149 |
Net Profit | 27 | 39 | 25 | 32 | 32 | 28 | 68 | 53 | 76 | 123 | 121 | 112 |
EPS in Rs | 1.89 | 2.70 | 1.77 | 1.12 | 1.13 | 0.99 | 2.31 | 1.82 | 2.59 | 4.19 | 3.94 | 3.64 |
Dividend Payout % | 0% | 7% | 11% | 13% | 13% | 15% | 21% | 27% | 23% | 15% | 30% | – |
Standalone figures in ₹ crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 57 | 57 | 57 | 59 | 59 | 59 | 59 | 61 | 61 |
Reserves | 141 | 176 | 199 | 198 | 227 | 250 | 356 | 390 | 451 | 553 | 1,031 | 1,068 |
Borrowings | 45 | 41 | 59 | 134 | 161 | 134 | 132 | 136 | 127 | 245 | 184 | 182 |
Other Liabilities | 57 | 65 | 77 | 103 | 114 | 109 | 113 | 111 | 153 | 183 | 182 | 233 |
Total Liabilities | 272 | 311 | 364 | 492 | 559 | 550 | 660 | 696 | 790 | 1,040 | 1,458 | 1,545 |
Fixed Assets | 149 | 146 | 191 | 231 | 335 | 331 | 332 | 381 | 394 | 490 | 573 | 725 |
Gross Block | 227.76 | 241.66 | 213.49 | 276.68 | 410.96 | 443.02 | 483.95 | 571.91 | 629.09 | 779.85 | 925.85 | – |
Accumulated Depreciation | 78.64 | 95.98 | 22.02 | 45.99 | 76.40 | 111.93 | 151.86 | 190.81 | 235.10 | 289.40 | 352.95 | – |
CWIP | 2 | 19 | 12 | 92 | 16 | 6 | 55 | 12 | 48 | 86 | 160 | 39 |
Investments | 25 | 30 | 25 | 20 | 20 | 20 | 26 | 27 | 29 | 33 | 178 | 209 |
Other Assets | 96 | 117 | 135 | 150 | 189 | 193 | 247 | 276 | 319 | 431 | 547 | 572 |
Total Assets | 272 | 311 | 364 | 492 | 559 | 550 | 660 | 696 | 790 | 1,040 | 1,458 | 1,545 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | – | – | – | 100 | 105 | 71 | 147 | 133 | 137 |
Cash from Investing Activity | – | – | – | – | – | -35 | -123 | -42 | -133 | -204 | -369 |
Cash from Financing Activity | – | – | – | – | – | -50 | 28 | -30 | -37 | 69 | 249 |
Net Cash Flow | – | – | – | – | – | 15 | 11 | 0 | -23 | -2 | 17 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 29 | 35 | 38 | 49 | 38 | 29 | 28 | 25 | 31 | 27 |
Inventory Days | 29 | 37 | 28 | 35 | 30 | 41 | 46 | 54 | 41 | 46 | 52 |
Days Payable | 36 | 29 | 38 | 38 | 43 | 44 | 46 | 38 | 38 | 45 | 38 |
Cash Conversion Cycle | 21 | 37 | 25 | 35 | 36 | 35 | 30 | 44 | 28 | 31 | 42 |
Working Capital Days | 7 | 7 | 8 | 4 | 15 | 7 | 23 | 20 | 13 | 9 | 18 |
ROCE % | – | 22% | 15% | 16% | 14% | 11% | 20% | 13% | 19% | 24% | 16% |
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Stock Analysis
Mrs. Bectors Food Specialities Ltd is a leading Indian manufacturer of biscuits and bakery products, marketed under the Cremica and English Oven brands. The company also serves as a supplier to major quick-service restaurant (QSR) chains in India.
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