Obermatt

Britannia Industries

NSI:BRITANNIA · INE216A01030
Food ProductsLarge

360

67
EV / EBIT9
Price / Owner Earnings24
Owner Earnings Yield39
Dividend Yield45
Price/Sales4
EV / Gross Profit6
Price/Book1
Return on Capital99
Cash Return on Capital98
Return on Equity99
EBIT Margin88
Gross Profitability99
Cash Conversion17
Owner Earnings Margin92
Sales growth72
Profit Growth94
Long-Term EPS Growth79
Reinvestment75
Price momentum42
Debt load59
Refinancing8
Debt Payback100
Liquidity79
Analyst ratings50
Opinion Changes55
Price Target Upside71
Market mood92
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Britannia Industries clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryFood Products
SizeLarge
TypePublic Company
ExchangeNSEI
Founded1918
Employees4,133
ISININE216A01030
Last UpdateApr 2, 2026
Index & Theme
Fast-Moving Consumer GoodsCommercialFood and BeverageIndustrial

Description

Britannia Industries Limited manufactures and sells various food products. The company is a leading food company that provides a wide array of baked goods, including biscuits, bread, and other dairy products. The diverse range of products offered b…

Analysis

Beloved champion

Britannia Industries Limited sits in the top corner of our grid: excellent business, premium price; every investor already knows the story. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 42.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 16% a year, against analyst forecasts of 12%. The gap between price and consensus is worth watching: demanding expectations.

Growth is solid; the safety picture is sturdy. The company scores 13/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
46
2023202420252026

All-time high

66

Sep 2024

All-time low

8

Jan 2025

Average rank

35

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
4
7
5
9
Price/Earnings
7
7
13
9
Price/Book
1
3
5
5
Dividend Yield
45
25
21
23
Value (overall)
8
5
7
7

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →