Goodricke Group Ltd
₹ 178
-0.78%
15 Jun
11:11 a.m.
About
Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]
Key Points
- Market Cap ₹ 385 Cr.
- Current Price ₹ 178
- High / Low ₹ 240 / 142
- Stock P/E 21.4
- Book Value ₹ 141
- Dividend Yield 1.11 %
- ROCE 5.06 %
- ROE 6.27 %
- 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 -5.35% over last 3 years.
- Earnings include an other income of Rs.25.9 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: | 216% |
| TTM: | 146% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -8% |
| 3 Years: | -2% |
| 1 Year: | -16% |
| 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% | 345% |
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 | 32 |
| ROCE % | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 1% | -15% | 3% | 5% |
Insights
In beta| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Employees Absolute Number |
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| Tea Production Volume (Own Crop) Million Kgs |
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| Total Planted Area Hectares |
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| Group Total Tea Production Million Kgs |
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| Average Tea Realisation Rs/Kg |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper Publication for Transfer of Shares to IEPF
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper Publication for Audited Financial Results of the Company for the FY ended 31st March, 2026
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
27 May - Board approved FY26 results, Rs 2 dividend, 50th AGM on 29 July 2026, auditor appointment, dairy sales.
- Corporate Action-Board approves Dividend 27 May
-
Board Meeting Outcome for Meeting Held On 27Th May, 2026
27 May - FY26 audited results approved; 20% dividend, AGM on 29 Jul 2026, new dairy business launched, MSKA appointed auditor.
Annual reports
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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
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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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
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
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.