Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015 ('SEBI LODR Regulations'), we wish to inform ....
Source: Bse
Mrs. Bectors Food Specialities Limited (BECTORFOOD)
Micro CapFMCG stocks · Micro cap · NSE
Mrs. Bectors Food Specialities Limited manufactures and markets biscuits (Cremica, English Oven) and bakery products (English Oven, QSR supplier). It has a diverse portfolio across domestic, export, and institutional segments, with a focus on expanding manufacturing capabilities.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result16 Aug, 01:30 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
28BearishSMA20 -9.9% / mo · MACD + · sector -4.5pp vs Nifty 500 (3M)
Stock trend: 35
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BECTORFOODD candles · FIT view+4.7%Latest close ₹203.67 on 2026-10-19
Bar
-3.0%
RSI
38
MACD hist
0.22
52W pos
34%
2026-10-19O ₹210.00H ₹210.35L ₹202.51C ₹203.67Vol 11.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BECTORFOODNifty FMCGNifty 500
- BECTORFOOD
- -3.1%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- +2.5 pp
Chart stats
19 Oct 2026- From 52W high
- -27.2%
- 52W range position
- 34%
- ATR (14)
- 3.7%
- Volume vs 20D
- 1.51x
- Avg traded value
- ₹15.2 Cr
- 20D price channel
- ₹201 - ₹229
₹279.9
₹165 - ₹279.9
₹7.6
Latest completed session
20-session average
28.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST33
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +16.1% · PAT +25.8% YoY
Technical
Bearish28
Price trend and sector-relative-strength timing.
Valuation
Legacy model+6.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +16% YoY · PAT +26% YoY · margin expansion · +13% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹549 Cr | +16.1% | +13.0% |
| EBITDA | ₹72 Cr | +24.1% | +16.1% |
| Operating margin | 13.0% | +100 bps | +0 bps |
| PAT | ₹39 Cr | +25.8% | +11.4% |
| PAT margin | 7.1% | +55 bps | -10 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 43.10
- P/B
- 5.05
- EV/EBITDA
- 18.10
- Market Cap
- 6416.00Cr
Profitability
- ROE
- 11.40%
- ROCE
- 14.10%
- ROA
- 8.84%
- Dividend Y
- 0.62%
Growth (CAGR)
- Revenue 5Y
- 18.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- 14.00%
- EPS 3Y
- 16.00%
Balance Sheet
- Debt/Equity
- 0.15
- Interest Coverage
- 24.64×
- Altman Z
- 9.06
- Book Value
- 41.40
Cash Flow
- FCF Yield
- 0.08%
- FCF Positive Y
- 4/5
- OCF
- 218.00 Cr
- EPS TTM
- 4.84
Shareholding
- Promoter Hold
- 49.04%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 38%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 549+13.0% vs prev
Net Profit
₹ CrLatest: 39.0+11.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 38. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~11.0% over last month) — short-term momentum negative.
- RSI(14) at 38 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 27% off 52W high · 23% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
42
RS percentile
Stage 1 Base / Transition
1M return
-8.1%
3M return
-3.1%
6M return
-0.4%
1Y return
-25.5%
RS 1D
-5
RS 20D
-14
Sector rank
#13
Industry rank
#61
Stage evidence
- Price is within 1.2% of the 30-week proxy.
- The 30-week proxy changed +1.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 81.94-2.23%
RS vs Nifty 50082
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation3/30
Growth12/25
Quality0/20
Balance Sheet9/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
33
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
33/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 9/15 to the score.
- Growth contributes 12/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 3/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
43.1
PB
5.0
EV/EBITDA
18.1
ROE
11.4%
ROCE
14.1%
FCF Yield
0.1%
Debt/Equity
0.1
MoS
+6.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
33
Previous: 33
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+6.5%
Previous: +6.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
34
34
34
34
34
34
33
33
33
33
33
33
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹67.15
-203.3% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹217.8
+6.5% MoS
PEG
2.91
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
HNDFDS
Small
Hindustan Foods Limited
FMCG
match 143
37
42.7
14.6%
-29%
WATCHLIST
ADFFOODS
Small
ADF Foods Limited
FMCG
match 137
49
32.0
17.7%
+5%
FAIR VALUE
EIFFL
Small
Euro India Fresh Foods Limited
FMCG
match 135
30
122.0
6.4%
-255%
OVERVALUED
MEGASTAR
Small
Megastar Foods Limited
FMCG
match 134
31
30.5
9.5%
+8%
OVERVALUED
BABAFP
SME
Baba Food Processing (India) Ltd.
FMCG
match 134
34
12.1
4.7%
-11%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-08T07:41:25.751Z
Management commentary snapshot
Q4 FY26 revenue grew 8.9% YoY to 485.9 Crs, with EBITDA up 11.1% YoY. Full-year FY26 revenue rose 9.1% YoY to 2,043.6 Crs, but PAT declined 1.6% YoY, indicating margin pressure despite growth.
While the company continues to expand capacity and grow its top line, full-year profitability has declined. Q4 FY26 showed sequential deceleration in revenue and EBITDA, raising concerns about demand momentum and sustained margin performance amidst significant capacity additions.
Current business mix
Revenue by Segment (FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Biscuit Segment60.4%
Bakery Segment37.6%
Contract Manufacturing & Other Operating Revenues1.9%
Growth engines
Bakery Segment Growth
Bakery segment revenue grew 14% YoY in FY26 and 9% YoY in Q4 FY26.
New Product Launches
Introduced NaturBaked Super Protein Bread and English Oven Jar Desserts.
QSR Supplier Status
Company is a preferred supplier to largest QSR franchises.
Capacity and execution
Rajpura Biscuit Lines
2 biscuit lines commissioned in Rajpura in FY23-24, with 2 more in H1 FY24-25.
Bhiwadi Plant Expansion
Bhiwadi plant commissioned in FY23-24, with a new line commissioned in Q4 FY26.
New Bakery Units
New bakery units commissioned in Kolkata and Khopoli in Q4 FY26.
Dhar Biscuit Plant
Dhar plant commissioned in Q1 FY25-26.
Tailwinds
Strong GDP Growth
India's Real GDP Growth projected at 7.6% for FY26 by RBI.
Moderating Inflation
CPI Inflation showing signs of moderation, reaching 2.7% in March 2026.
Risk radar
Strategy Implementation
The company's ability to successfully implement its strategy is a factor that may cause actual results to differ.
Growth and Expansion Plans
Growth and expansion plans are subject to known and unknown risks, uncertainties, and other factors.
Regulatory Changes
Changes in regulatory norms applicable to the Company could materially affect performance.
Technological Changes
Technological changes are identified as a factor that may cause actual results to differ.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for understanding performance against seasonal trends in the consumer sector. QoQ comparison is also relevant to assess sequential momentum, especially given the recent capacity commissioning and potential demand fluctuations.
Sector KPIs management disclosed
Gross Margin
Mixed. Improved YoY in Q4, but declined for the full year.Q4 FY26 Gross Profit % at 46.2% vs 44.3% in Q4 FY25. FY26 Gross Profit % at 45.2% vs 46.2% in FY25.
EBITDA Margin
Mixed. Slight improvement YoY in Q4, but declined for the full year.Q4 FY26 EBITDA % at 12.7% vs 12.5% in Q4 FY25. FY26 EBITDA % at 12.6% vs 13.4% in FY25.
Capacity Utilization - Biscuits
FY26 Average Capacity Utilization for Biscuits was 60%.
Capacity Utilization - Bakery
FY26 Average Capacity Utilization for Bakery was 75%.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | FY26 Revenue from Operations grew 9.1% YoY. | Sustained double-digit growth, especially in the Bakery segment, and improved sequential momentum. |
| Profitability Margins | FY26 GP% 45.2%, EBITDA% 12.6%, PAT% 6.9%. | Stabilization and improvement in gross and EBITDA margins, reversing the FY26 decline. |
| Capacity Utilization | FY26 average utilization at 60% for Biscuits and 75% for Bakery. | Ramp-up in utilization of newly commissioned capacities to drive operating leverage. |
| Debt to Equity | Debt to Equity at 0.1 as of Mar-26. | Maintenance of low debt levels despite ongoing capital expenditure for expansion. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 70th percentile within FMCG. Main check: financial discipline is weak at 58/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
85 docs text-extracted · 34 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · FMCG: 70th pctile, median 79 · Micro: 79th pctile, median 73
Evidence depth
Financial-only
85 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.1%.
- ▸4 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE trend is -4.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Mrs. Bectors Food Specialities Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Aug - Copies of Newspaper Publication for Notice of 31st Annual General Meeting, Book Closure , Evoting Information and Dividend information, is enclosed.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jun - Pursuant to Regulation 30 of the SEBI (LODR), Regulations, 2015 ('SEBI LODR Regulations'), the senior management ....
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May - Copies of Newspaper Publication of the Audited Financial Results for the Quarter and Year Ended 31.03.2026 is enclosed.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Investor presentation
Mar 2027 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Mar - Senior management to hold virtual one-to-one investor meetings on Mar 27, Mar 30, Mar 31; presentation uploaded.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.