Goodricke Group Ltd
Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]
- Market Cap ₹ 369 Cr.
- Current Price ₹ 171
- High / Low ₹ 225 / 160
- Stock P/E
- Book Value ₹ 157
- Dividend Yield 0.00 %
- ROCE 1.49 %
- ROE 0.18 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.08 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.84% over past five years.
- Company has a low return on equity of 2.68% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plantation & Plantation Products Industry: Tea
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
460 | 540 | 579 | 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 882 | 794 | |
404 | 503 | 523 | 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 873 | 829 | |
Operating Profit | 56 | 36 | 56 | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 9 | -35 |
OPM % | 12% | 7% | 10% | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 1% | -4% |
8 | 8 | 10 | 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 19 | 12 | |
Interest | 3 | 5 | 5 | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 6 | 8 |
Depreciation | 11 | 12 | 13 | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 | 20 |
Profit before tax | 50 | 27 | 49 | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 3 | -52 |
Tax % | 26% | 27% | 31% | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | 113% | |
37 | 20 | 33 | 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -0 | -39 | |
EPS in Rs | 17.32 | 9.26 | 15.44 | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -0.15 | -17.95 |
Dividend Payout % | 23% | 43% | 29% | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 4% |
TTM: | -9% |
Compounded Profit Growth | |
---|---|
10 Years: | -30% |
5 Years: | -55% |
3 Years: | -67% |
TTM: | -223% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | -4% |
3 Years: | -7% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
Reserves | 149 | 159 | 181 | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 289 | 318 |
21 | 42 | 8 | 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 68 | 113 | |
128 | 131 | 150 | 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 261 | 313 | |
Total Liabilities | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 766 |
86 | 95 | 98 | 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 317 | 309 | |
CWIP | 4 | 1 | 2 | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 33 | 39 |
Investments | 0 | 0 | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
230 | 257 | 261 | 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 289 | 418 | |
Total Assets | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 766 |
Cash Flows
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 17 | 62 | 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | 10 | |
-23 | -18 | -13 | -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | -18 | |
6 | 6 | -50 | -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | 10 | |
Net Cash Flow | -13 | 5 | -1 | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 | 2 |
Ratios
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 56 | 58 | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 | 27 |
Inventory Days | 320 | 256 | 276 | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 | 181 |
Days Payable | 162 | 125 | 146 | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 | 169 |
Cash Conversion Cycle | 222 | 186 | 188 | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 | 40 |
Working Capital Days | 76 | 77 | 65 | 67 | 33 | 29 | 38 | 39 | 27 | 37 | 33 | 34 |
ROCE % | 31% | 16% | 25% | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper advertisement on notice of transfer of equity shares to IEPF.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
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Compliance - Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
15 Apr - Compliance certificate as received from PCS under Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the financial year ended 31st March, 2024.
-
Compliances - Compliance Certificate For The Financial Year Ended 31.03.2024.
10 Apr - Compliance Certificate (RTA & Compliance Officer) for the financial year ended 31.03.2024, for the period from 01.04.2023 to 31.03.2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Apr - Newspaper advertisement for Postal Ballot notice and remote e-voting information to Members.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Business Overview:[1][2][3]
a) GGL is a subsidiary of Camellia Plc. U.K. (74% stake holder) and is a 2nd largest tea producer in India
b) It cultivates tea across 18 gardens.
c) It operates 22 factories including a processing factory with each tea garden, tea-blending units and an instant tea plant.
d) Company's gardens are spread over an area of 10,311 hectare under cultivation, and are located in West Bengal (73% and 9% of area under cultivation in Dooars and Darjeeling, respectively) and Assam (18% of area under cultivation)
e) GGL sells its produce through a combination of auction sales, private sales and exports
f) Group has 29 tea estates with an area of 17,465 hectare under cultivation, equally spread over West Bengal and Assam
g) GGL is certified by FSSC 22000, Rainforest Alliance Certification, UTZ Certification, and ETP – Ethical Tea Partnership.