Name of Company | Britannia Industries Ltd |
BSE Code | 500825 |
NSE Code | BRITANNIA |
ICICI Code | |
Established | |
My Take | So-So |
Headquarters | Kolkata |
Promoters | Nusli Wadia and family (Bombay Dyeing, Kings XI, Go-Air) |
Story | |
Sector | FMCG |
Sub-sector | Biscuits, Snacks |
Website | |
Positives | Was Earlier a Debt free company. In FY10, the books show a 420 Cr loan – keeping in mind the tradition, they must be planning to repay it soon. Regularly profitable company. Regular Dividend Paying company – expect dividends of around 0.75% to 1%. Topline has doubled in 5 years from FY06 to FY10, but NP has come down and has been volatile. LIC, HDFC MFs and Azim Premji hold stakes in the company. |
Negatives | 4 to 7 % NPMs and has been up and down. Too costly for such a less NPM, normal growth company. |
Peers | |
News | |
Price @ blogged | 397 (24-Dec-10) |
Cost of company | 4738 Cr for a 116 Cr FY10 NP makes it >40 times. With 372 Cr in reserves and 420 Cr in Debt, this makes it costly. |
Dec 24, 2010
Brittania Industries Ltd - 500825
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