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RATING

RECOMMENDATION

Buy

  • Bagrrys India Unlisted Shares Essentials

Discover and get complete analysis on Bagrrys India Limited upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates

ISIN

INE229F0102

Face Value

₹10.00

Total Share

7,69,609

Total Income

₹156.14 Cr

Profile After Tax

₹11.10 Cr

EPS

₹144.30

Intrinsic Value

₹14,367.00

Sector

Consumer Staples

Sub-sector

FMCG - Foods/Houusehold/Personal Products

Cashflow - Operations

₹14.69 Cr

Cashflow - Financing

-₹2.12 Cr

Bagrrys India Growth

Compounded Sales Growth

  • 0.51%

    1 Year

  • 15.03%

    2 Year

  • 17.71%

    3 Year

Pro Only

Compounded Profit Growth

  • 31.67%

    1 Year

  • 24.42%

    2 Year

  • -6.71%

    3 Year

Pro Only

Return On Equity

  • 38.96%

    1 Year

  • 44.46%

    2 Year

  • 11.82%

    3 Year

Pro Only

About Bagrrys India

Overview:

  • Bagrrys India private Limited (formerly known as Bagrrys India Limited) is an Indian multinational FMCG food-manufacturing company which manufactures the high-fiber breakfast cereals and health foods, it is headquartered in New Delhi, India. 
  • The company has two food brands in its portfolio ‘Bagrry’s’ and ‘Lawrence Mills’.
  • They are one of the leading brands of health foods and breakfast cereals in the Indian subcontinent. With a tagline of ‘Let’s put health first,’
  • Bagrry’s has been a pioneer in India for products such as muesli, oats, bran and the range now include many more healthy foods.
  • Shri Sushil Kumar Chetani, Shri Laxmi Narayan Sain and Shri Raj Kumar 
  • Sharma are company’s directors.


Key facts:

  • The company’s sales have been increasing at a 3-year CAGR of 17.7%.
  • The company has two manufacturing plants in Newai and Baddi.
  • The company’s legal status has changed into a Private Limited Company from an Unlisted Public Limited Company in FY 2019-20.


Key Client Base:

  • The company’s primary customers are people who are health conscious and choose a healthy alternative over to consume.

  • Bagrrys India Merger & Acquisition

Merger

N/A

  • Bagrrys India Revenue Segmentation

  • Revenue from Operations
  • Other Income
  • Bagrrys India Product & Services

The company offers high-fiber breakfast cereals and health foods under various categories like Muesli, Flakes, Oats, Bran, Kid Cereals, Daily Superfoods and Healthy snacks

  • Bagrrys India Industry Overview

Industry Statistics

Market Overview.

  • The breakfast and cereal market of India is growing at a very healthy CAGR of approx 18.0% over the last five years. 
  • The ready to eat sector in the Indian market dominates the breakfast and cereal market with its two categories namely cornflakes and muesli. At present cornflakes products is the market dominator in RTE sector as well as in the overall market. 
  • The market was mainly driven by India-centric innovations and single-serve affordable packs that attracted new consumers. 
  • Kellogg’s is considered as the most prominent company in cornflakes market with its large number of variants available in the market.
  • The health driven changes in eating habits has extended the window of opportunity for manufacturers to roll out a variety of oat-based products in the market.


Investment Scenario:

  • The Government has allowed 100% Foreign Direct Investment (FDI) in food processing and single-brand retail and 51% in multi-brand retail
  • In February 2021, Nestle India announced plans to reach 1.2 lakh villages (with each having population of over 5,000) over the next 2-3 years
  • In February 2021, Food and snack company, Haldiram's partnered with Africa's Futurelife to bring its nutritional food product range to India. The two companies launched a range of four products—Smart Foods, Smart Oats and Ancient Grains, Crunchy Granola and High Protein
  • On November 11, 2020, Union Cabinet approved the production-linked incentive (PLI) scheme in 10 key sectors (including electronics and white goods) to boost India’s manufacturing capabilities, exports and promote the ‘Atmanirbhar Bharat’ initiative

Future Prospects

Future Outlook

  • Rural consumption has increased, led by a combination of increasing income and higher aspiration levels. There is an increased demand for branded products in rural India. The rural FMCG market in India is expected to grow to INR 16 lakh Cr. by 2025 from INR 1.7 lakh Cr. in FY18.
  • Online portals are expected to play a key role for companies trying to enter the hinterlands. Internet has contributed in a big way, facilitating a cheaper and more convenient mode to increase a company’s reach. 
  • The number of internet users in India is likely to reach 100 Cr. by 2025. It is estimated that 40% of all FMCG consumption in India will be made online by 2020. The online FMCG market is forecast to reach INR 3.2 lakh Cr. in 2020 from INR 1.4 lakh Cr. in 2017

Bagrrys India Strengths

  • The company’s total income has been growing at 3-year CAGR of 17.7%.
  • The company has a strong liquidity and solvency position.
  • Company’s operational efficiency i.e., asset turnover and inventory turnover ratio, are better than its peers.
  • The company is currently significantly undervalued.
  • Bagrry’s is among top 5 players in the High Fiber Health Foods and Breakfast Cereals market.

Bagrrys India Shortcomings

  • Company’s growth rate of revenue from operations has reduced in the FY20 because of increase in competition in the market for High Fiber Health Foods and Breakfast Cereals at local, national and international level

Bagrrys India Opportunities

  • As people become more health conscious, sets of complex consumers with complex demand would arise, the company can develop new products to cater their needs.

Bagrrys India Threats

  • The company faces a huge external threat from the continuation of pandemic. The pandemic has disrupted its supply chains from India.
  • The company faces a stiff competition from companies like Kellog’s India PVT LTD, Pepsico India Holdings private limited, Bagrrys India lTD, Marico Limited, Britannia Industries, GlaxoSmithKline consumer limited, Nestle India Limited, Patanjali India Limited etc.
Bagrrys India Rating

  • RECOMMENDATION

    Buy

  • Bagrrys India Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Registered Date

23/10/1986

Stock Exchange Ticker

BGRY

Reg Office: Plot No. 28 and 41, HIMUDA Industrial Area, Bhatoli Kalan, Baddi, Solan, Himachal Pradesh-173205

Website: http://www.bagrrys.com