Warren Tea Ltd

About [ edit ]

Warren Tea is engaged in the business of Plantatio n of Tea.(Source : 201903 Annual Report Page No: 23)

  • Market Cap 63.3 Cr.
  • Current Price 53.0
  • High / Low 61.4 / 36.6
  • Stock P/E
  • Book Value 67.8
  • Dividend Yield 0.00 %
  • ROCE -22.2 %
  • ROE -32.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.78 times its book value
  • Debtor days have improved from 87.98 to 53.63 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.17% over past five years.
  • Company has a low return on equity of -18.41% for last 3 years.
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
13.89 28.34 46.23 28.23 15.70 36.60 47.68 29.73 8.90 14.45 53.13 27.22
27.52 27.85 30.58 44.26 33.09 30.69 31.08 55.33 31.16 16.35 31.72 39.97
Operating Profit -13.63 0.49 15.65 -16.03 -17.39 5.91 16.60 -25.60 -22.26 -1.90 21.41 -12.75
OPM % -98.13% 1.73% 33.85% -56.78% -110.76% 16.15% 34.82% -86.11% -250.11% -13.15% 40.30% -46.84%
Other Income 0.91 0.72 -0.08 -0.58 0.95 0.19 1.26 -0.46 0.75 0.11 0.45 11.73
Interest 0.94 0.92 1.01 0.96 1.15 1.20 1.26 1.42 1.46 1.68 1.37 0.99
Depreciation 1.01 0.85 0.87 0.85 0.90 0.77 0.77 0.76 0.43 0.68 0.68 0.84
Profit before tax -14.67 -0.56 13.69 -18.42 -18.49 4.13 15.83 -28.24 -23.40 -4.15 19.81 -2.85
Tax % 19.70% 0.00% 0.00% 0.00% 42.51% 0.00% 0.00% 0.00% 32.09% 0.00% 0.00% 0.00%
Net Profit -11.78 -0.56 13.69 -18.42 -10.63 4.13 15.83 -28.24 -15.89 -4.15 19.81 -2.85
EPS in Rs -9.82 -0.47 11.41 -15.35 -8.86 3.44 13.19 -23.53 -13.24 -3.46 16.51 -2.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
169 199 209 213 119 140 130 138 110 119 118 123 104
142 159 172 196 98 110 115 133 129 124 136 148 119
Operating Profit 27 41 37 17 21 31 16 6 -20 -5 -17 -25 -16
OPM % 16% 20% 18% 8% 18% 22% 12% 4% -18% -4% -15% -21% -15%
Other Income 2 3 4 3 3 2 1 5 2 1 1 2 13
Interest 3 1 0 1 0 0 0 1 2 4 4 5 6
Depreciation 8 9 9 10 5 5 5 3 4 4 3 3 3
Profit before tax 18 34 32 9 19 27 11 6 -24 -11 -24 -32 -11
Tax % 17% 35% 35% 33% 27% 25% -11% 25% 31% 27% 33% 24%
Net Profit 15 22 21 6 14 20 12 5 -16 -8 -16 -24 -3
EPS in Rs 8.04 12.24 11.32 3.27 11.44 16.88 10.42 3.82 -13.57 -6.58 -13.27 -20.14 -2.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-5%
5 Years:-1%
3 Years:4%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-19%
TTM:24%
Stock Price CAGR
10 Years:-12%
5 Years:-17%
3 Years:-23%
1 Year:16%
Return on Equity
10 Years:1%
5 Years:-13%
3 Years:-18%
Last Year:-33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
11 11 11 11 12 12 12 12 12 12 12 12 12
Reserves 106 128 149 155 77 97 104 109 88 84 72 51 69
Borrowings 9 4 12 0 0 0 3 10 26 33 40 51 26
55 57 61 60 45 48 43 53 57 49 67 73 105
Total Liabilities 181 200 233 226 133 157 162 184 182 178 190 188 213
132 134 141 144 75 73 66 66 69 69 71 76 75
CWIP 0 1 1 1 0 0 0 1 12 15 17 17 18
Investments 4 26 3 3 2 17 24 33 33 33 33 33 33
44 39 88 78 57 67 72 83 68 61 68 61 86
Total Assets 181 200 233 226 133 157 162 184 182 178 190 188 213

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
35 40 29 -2 -8 16 18 3 -17 3 7 -1
-10 -11 6 -11 -2 -17 -20 -3 -10 -7 -9 -6
-25 -6 8 -13 -0 -0 2 7 13 4 2 7
Net Cash Flow -0 23 42 -25 -10 -1 0 6 -14 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 26% 20% 6% 15% 28% 10% 4% -17% -6% -16% -22%
Debtor Days 33 20 24 34 85 91 81 97 153 121 89 54
Inventory Turnover 1.04 1.09 1.07 1.77 1.06 -0.27 1.40 1.21 1.13 1.22 0.78 1.91

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.61 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72 73.72
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
25.39 26.28 26.28 26.28 26.28 26.28 26.27 26.28 26.28 26.28 26.28 26.28

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