Fundamentals scanner
Every ratio from the Fundamental Analysis track, computed on a real company and annotated with what the number actually means. Then the three financial statements, so you can do the cash-flow check yourself.
Britannia Industries
Consumer DefensiveNeutral- Market cap
- ₹1,33,875 Cr
- P/E
- 51.3x
- ROE
- —
- Debt / equity
- 0.27
What the company does
Britannia Industries Limited engages in manufacturing, trading, and sale of various food products in India and internationally. The company offers biscuits under the Good Day, Marie Gold, NutriChoice, Milk Bikis, Tiger, 50-50, Jim Jam, Britannia Bourbon, Little Hearts, Treat, Pure Magic, Nice Time, and Biscafe brand names; cakes under the Muffills, Fudge It, Gobbles, Layerz, Tiffin Fun, Rollyo, and Nut & Raisin Romance Cake brand names; rusks under the Toastea brand; snacks under the Treat Croissant, Treat Creme Wafers; and Snacks under Time Pass brand name. It also offers dairy products, such as ghee, cheese, and dairy whitener; milkshakes, lassi, and flavored milk under Winkin' Cow brand; gourmet, wheat flour, and white breads under Britannia brand; paneer and dahi under Come Alive brand, and nutritious bars under Be You Protein Bars brand name. The company exports its products to approximately 80 countries worldwide. Britannia Industries Limited was founded in 1892 and is based in Bengaluru, India.
Valuation — what you are paying
How the price compares to earnings, assets and cash generation.
- P/E (trailing)51.3xWeak
You are paying 51.3 years of current profit for each share. The earnings yield is 1.9%.
- P/B (price to book)26.2xWeak
The market values the company at 26.2× its accounting net worth. High is normal for asset-light businesses and unusual for banks.
- EV / EBITDA36.8xWeak
This is the only common multiple that accounts for debt — it is what an actual acquirer would look at, because they would inherit the borrowings.
- Dividend yield1.63%Fair
Pays 1.63% of the current price out each year. Remember that yield rises when price falls — check the dividend is covered by cash flow.
Profitability — is this a good business?
Returns on capital and margins, the numerical shadow of a moat.
- Return on equity—No data
Not available.
- Return on assets—No data
Not available.
- Operating margin15.2%Fair
Keeps ₹15.2 of operating profit from every ₹100 of sales. Compare only against companies in the same industry.
- Net margin13.4%Strong
Sustained high net margins are evidence that something is stopping competitors from competing the profits away.
Financial strength — can it survive a bad year?
Leverage and liquidity. This is where fragility shows up first.
- Debt to equity0.27Strong
A conservative balance sheet that can absorb a downturn without a crisis.
- Current ratio—No data
Not available.
- Total debt₹1380.28 CrNo data
Against cash of ₹1858.52 Cr. Net debt is what matters, not gross borrowings.
- Free cash flow—No data
Not available.
Growth — is it getting bigger?
Revenue and earnings momentum, and how the two compare.
- Revenue growth (yoy)+8.2%Fair
Ask where the growth came from: more volume, higher prices, or an acquisition. They are very different in quality.
- Earnings growth (yoy)+13.6%Fair
Profits are growing faster than sales — margins are expanding, which is the sign of genuine operating leverage.
- Revenue (TTM)₹19468.46 CrNo data
EBITDA of ₹3627.81 Cr and operating cash flow of —.
- PEG ratio—No data
Not available.
Financial statements
Reported figures, most recent year first. All values in rupees.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ₹19151.59 Cr | ₹17942.67 Cr | ₹16769.27 Cr | ₹16300.55 Cr |
| Cost of revenue | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Gross profit | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating expenses | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Operating income | — | — | — | — |
| Interest expense | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax | ₹0.00 | ₹0.00 | ₹0.00 | ₹0.00 |
| Net profit | ₹2533.49 Cr | ₹2178.73 Cr | ₹2139.81 Cr | ₹2321.77 Cr |