Monday, March 5, 2018

TASTY DAIRY SPECIALITIES LTD (TDSL 540955 ) :-LOOK INTO

Dear friends,



 Today I am expressing my opinion on one Dairy segment stock for value investing 




                       Tasty Dairy Specialities Ltd Logo


                    




   
    Tasty Dairy Specialties ( TDSL )  state of art ISO 22000:2005 certified milk processing unit in Jainpur, Kanpur Dehat, the company produces a wide range of quality dairy products under its umbrella like Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Instant Chhena Mix, Skim Milk Concentrate Dairy Whitener, Khoya, Peda (a pure Indian Sweet), Instant Gulab Jamun Mix, Mithai Powder etc., packed in various consumer packing from 200 ml to 25 kg and bulk packing under the company owned brand names “UJJWAL”, “SHIKHAR”, “VERIFRESH”, "CIMA" and "MITHAI MASTER" which are available in all major parts of India. 



                          PRODUCTS



 They have wide range of quality dairy products which includes Pasteurized Liquid Milk, Cream, Butter (White/Salted), Pure Desi Ghee (Clarified Butter), Paneer (Fresh Cottage Cheese), Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Instant Gulab Jamun Mix, Peda (an Indian Sweet), Mithai Powder etc. Thhey are packaged under the brand names “UJJWAL”, “SHIKHAR”, “VERIFRESH”, "CIMA", "MITHAI MASTER" and are available in Uttar Pradesh, Madhya Pradesh and Bihar,


     FULL CREAM MILK

  

           BUTTER


  

        DESI GHEE


    

    MILK POWDER


  

         PANEER


   



               PEDA


     

    INSTANT GULAB JAMUN MIX


    

       MITHAI MASTER 



 




 Currently they process approximately 5,00,000 litres of raw milk which comprises of 1,60,000 litres of milk packaging, 20,000 litres of buttermilk packaging, 2,20,000 Litres of Skimmed Milk Powder and Ghee and 2,00,000 litres of bulk milk processing.
  


       Company's customer



  Customer list boasts of big Indian Food Products manufacturing companies, Government Organizations, Co-operative Societies, Defense Sector etc., the name of some of which are given below:

  • Parle Products Pvt. Ltd.
  • ITC Limited (Food Division)
  • Nutrine Confectionery Pvt. Ltd.
  • Mother Dairy
  • Delhi Milk Scheme
  • Heinz India Private Limited
  • Central Dairy
  • Pradeshik Cooperative Dairy Federation, Uttar Pradesh
  • Uttar Pradesh Employee Welfare Association
  • Military Farm
  • Etc.


     FINANCIALS  


  Company posted 308 cr top line and 4.5 cr bottom line ( 2015 ) 335 cr top line and 4.61 cr bottom line ( 2016) 239 cr top line and 4.51 cr bottom line ( 2017 ) and 138 cr top line and 2.42 cr bottom line ( latest half year 2017-2018 Sept) if we take full year expecting EPS around 2.4.


  PEER GROUP VALUVATIONS

 PRABHAT DAIRY 2.80 EPS trading 76 PE, HATSUN AGRO 8.60 EPS trading 90 PE, KWALITY LTD 6.9 EPS trading 16.5 PE, TASTY DAIRY ( TDSL ) EPS 2.4 trading 21 PE.


   Promoters holding 73.43% stake in company, Uttar Pradesh is main milk belt in India and huge experience promoters and good client level is more positive for this company going forward. Dairy industry growing 16% annual growth in India, Tdsl value added products may give more margin expansion, Industry trading around 60+ PE since many years this stock trading attractive 21 PE. TDSL recently come out with IPO @ 45, on going correction in market may give value buying opportunity for long term investors, expecting this company doing wealth creation for their share holders in long term. Stock trading only BSE SME @ 50 level  (Market lot 3000 shares )  Now stock trading MT group and no intra  day trading available, March 8 on wards stock shifting to M group.

 DAIRY SECTOR INVESTMENT REPORTS HERE


 Web site HERE 



    NOTE :- I am not SEBI registered person, I just shared my opinion on this company, all above data taken from social media. THIS IS NOT BUY/SELL RECOMMENDATION. SME segment very low liquidity hence short term investor don't rush in this. BEFORE BUYING ANY STOCK TAKE ADVICE FROM CERTIFIED PERSON.


 Disclosure :- I am holding this stock for my portfolio.

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