Flex Foods Ltd. – A Hidden Gem Stock

By | 18th March 2018

Hidden Gem  Multibagger Stock – Flex Foods Limited,

part of Uflex Group of companies, started its operations in 1992 as an 100% Export Oriented Unit. It cultivates and processes food products in India. In addition, Its state of the art processing facilities is situated at the foothills of the Himalayas in the northern Indian city of Dehradun and their products are exported to the highly conscious markets of the Europe, USA, Canada, Middle East, Australia, Israel, UK, Germany and in Belgium, too.

It is engaged in Freeze Drying, Air Drying, Individually Quick Frozen(IQF) and Canning of white button mushrooms, fruits & vegetables, culinary herbs and green pepper corns catering to European, US, Canadian, Australian even in Domestic market. The company has its own captive state of art mushroom growing facility with fully equipped mushroom spawn and compost preparation facilities.

The company started its commercial operations in 1992 by establishing an 100% EOU for vacuum freeze-dried vegetables mainly mushroom and culinary herbs with a total processing capacity of 2000 MTs per annum.

Flex Foods monitors pesticide residues on crops through the use of Maximum Residue Limits (MRL) and the farmers are provided with the high-quality seeds and best farm practices to ensure that each and every thing that we grow is totally NATURAL. In addition, they have received many awards for our excellence in quality from the Government of India and its various agencies.

Please find below a glimpse of FFL’s product portfolio: –

Freeze Dried (FD) Culinary Herbs – Basil, Chervil, Dill, Green Pepper Corn, Marjoram, Mint, Lemon Grass, Parsley, Oregano, Sage, Chives, Savory, Thyme, Onion, Spring Onion, Garlic, etc. IQF Culinary Herbs – Basil, Coriander, Chervil, Curry Leaf Parsley, Basil, Thyme, Oregano, Marjoram, Sage, Mint, Chives, Savory, Lemon Grass, etc. Air Dried (AD) Culinary Herbs – Parsley, Dill, Basil, Coriander Thyme, Oregano, Marjoram, Sage, Mint, Chives, Savory, Lemon Grass, Coriander etc. White Button Mushrooms (Freeze Dried and Canned) – Dices Slices, Quarters in all four processed forms. Vegetables includes Air Dried, Freeze Dried, IQF and Canned -Carrot, Green Peas, French Beans, Cauliflower, Cabbage and a wide range of ethnic Indian as well as main stream vegetables. Fruits includes Air Dried, Freeze Dried, IQF and Canned-Apple, Pine Apple, Banana, Mango, Cheeku. FFL is also open to other fruits and vegetables, processed as per the requirement of the buyer.

Flex Foods offers a wide range of Vacuum Freeze Dried, Air-Dried, Frozen and IQF – Individually Quick Frozen product range of mushrooms, herbs, spices and fruits as well as vegetables, meeting strict quality with hygiene standards. Canned button mushroom in various shapes and sizes is also available as per the customer requirement. Flex Foods Limited is a single point source of supplier of Frozen / IQF (Individually Quick Frozen), Air Dried, Canned as well as Freeze Dried products to the customers as per their requirements. Therefore a tempting food i.e. retail packs of Culinary Herbs for Indian customers are also available in four varieties in Flex Foods.

Recently added various new Products:

Air Dried & IOF – Stevia

Air Dried – Sugar Beat

Freeze Dried – Jalepeno Pepper – Red – Green – Banana – Green Capsicum10

Company is also an associate company of UFLEX, a 2.3-Billion-dollar company, leader in flexible packaging technology.

Flex Foods Limited has an equity capital of just Rs.12.45 crore supported by reserves of around Rs.63.66 crore. In addition, Market Cap of the company is just 151.7 Cr. The promoters hold 59.68% of the equity capital, HNI’s hold 7.02%.

ACE Investor SUBRAMANIAM P hold stake in the company. The company is trading at PE of 16.23 whereas industry PE is 61.04. Furthermore, It is a regular dividend paying company and has paid 25% dividend for FY17.

For Q3FY18, PAT soared 331.25% to Rs.1.38crore from Rs.0.32 crore on higher sales of Rs.1.27core fetching an EPS of Rs.1.11. During Q4FY17, its net profit go up by 84.18% to Rs. 4.31 crore on sales of Rs. 24.69 crore bringing an EPS of Rs. 3.46.

For FY17, it has posted net sales of Rs. 85.17 crore with net profit of Rs. 7.85 fetching an EPS of Rs. 6.31. With these kinds of fundamentals of this stock, it is a hidden multibagger stock right now. Invest for long term to have multibagger return.


Future outlook of the company looks good.

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My descriptions, videos, presentations are only for educational and information purposes and under no circumstances should be used for making investment decisions. I cannot guarantee the accuracy of any information provided.
The stocks picks are based on my own research and personal views and sometimes are from newspapers, tv channel program, magazines, etc. In addition, No part of compensation is or will be directly or indirectly related to the views and recommendations of this research. I have not served as an officer director or employee of company and have not been engaged in market – making activity of the company covered in the research report. Hence Consult qualified financial advisor before making any investment decision.

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