Goodricke Group Ltd
₹ 180
-2.28%
24 Jul
12:15 p.m.
About
Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]
Key Points
- Market Cap ₹ 390 Cr.
- Current Price ₹ 180
- High / Low ₹ 240 / 142
- Stock P/E 21.5
- Book Value ₹ 141
- Dividend Yield 1.10 %
- ROCE 5.11 %
- ROE 6.31 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of -2.11% over past five years.
- Tax rate seems low
- Company has a low return on equity of -5.34% over last 3 years.
- Earnings include an other income of Rs.25.8 Cr.
- Company's cost of borrowing seems high
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 882 | 824 | 929 | 801 | |
| 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 873 | 873 | 910 | 782 | |
| Operating Profit | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 9 | -49 | 19 | 19 |
| OPM % | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 1% | -6% | 2% | 2% |
| 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 19 | 14 | 25 | 26 | |
| Interest | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 6 | 10 | 10 | 7 |
| Depreciation | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
| Profit before tax | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 3 | -66 | 14 | 20 |
| Tax % | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | 113% | 6% | -43% | -25% |
| 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -0 | -69 | 20 | 26 | |
| EPS in Rs | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -0.15 | -32.08 | 9.29 | 11.83 |
| Dividend Payout % | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% | 0% | 0% | 0% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -2% |
| 3 Years: | -3% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | -2% |
| 3 Years: | 217% |
| TTM: | 147% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -9% |
| 3 Years: | 1% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | -5% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 289 | 220 | 249 | 282 |
| 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 68 | 126 | 77 | 19 | |
| 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 261 | 281 | 294 | 277 | |
| Total Liabilities | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 641 | 599 |
| 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 317 | 326 | 307 | 289 | |
| CWIP | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 33 | 24 | 21 | 19 |
| Investments | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 13 |
| 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 289 | 298 | 312 | 277 | |
| Total Assets | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 641 | 599 |
Cash Flows
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | 10 | -25 | 43 | 68 | |
| -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | -18 | -18 | 9 | 3 | |
| -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | 10 | 44 | -59 | -66 | |
| Net Cash Flow | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 | 2 | 1 | -7 | 5 |
| Free Cash Flow | 7 | 26 | 33 | -26 | -16 | 15 | -3 | 51 | -8 | -43 | 49 | 83 |
| CFO/OP | 105% | 505% | 141% | 74% | 143% | 142% | 53% | 258% | 79% | 51% | 219% | 342% |
Ratios
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 | 27 | 32 | 29 | 25 |
| Inventory Days | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 | 183 | 188 | 179 | 219 |
| Days Payable | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 | 170 | 213 | 203 | 248 |
| Cash Conversion Cycle | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 | 40 | 8 | 6 | -4 |
| Working Capital Days | 62 | 33 | 29 | 38 | 34 | 7 | 19 | 27 | 17 | -7 | 15 | 26 |
| ROCE % | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 1% | -15% | 3% | 5% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Tea Sales Volume million kgs |
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| Export Tea Sales Volume million kgs |
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| Mature Tea Area hectares |
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| Number of Permanent Employees count |
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| Total Tea Production (Own Crop + Bought Leaf) million kgs |
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| Packet Tea Share of Domestic Sales % |
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| CTC Share of Production % |
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| Average Tea Realization Rs/kg |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Regulation 74(5) depository compliance certificate for quarter ended 30 June 2026.
-
Communication To Shareholders - Intimation On Tax Deduction On Dividend
2 Jul - Shares dividend TDS guidance for Rs.2 final dividend, AGM on 29 July 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Jul - Newspaper Publication regarding completion of dispatch of Annual Report and Notice of 50th AGM
- Reg. 34 (1) Annual Report. 1 Jul
- Notice Of The 50Th Annual General Meeting Of The Company 1 Jul
Annual reports
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Financial Year 2026
from bse
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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.