Neelamalai Agro Industries Ltd

₹ 3,530 2.29%

01 Dec 12:10 p.m.

About

Neelamalai Agro Industries Ltd is engaged in the business of Tea manufacturing, Trading and Exports. The main estates under the company are Katary Estate and Sutton Estate. ^[1]

Key Points

Product
The Company is engaged in the Plantation activity of Tea and the main business being Tea cultivation, Tea manufacturing, sales, and exports of Tea. ^[1]

Website BSE

Market Cap ₹ 220 Cr.
Current Price ₹ 3,530
High / Low ₹ 4,035 / 2,953
Stock P/E 12.9
Book Value ₹ 4,266
Dividend Yield 0.85 %
ROCE 12.4 %
ROE 11.9 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.83 times its book value
Market value of investments Rs.486 Cr. is more than the Market Cap Rs.220 Cr.

Cons

The company has delivered a poor sales growth of -3.45% over past five years.
Tax rate seems low
Company has a low return on equity of 13.5% over last 3 years.
Earnings include an other income of Rs.36.5 Cr.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	8	7	6	8	7	8	6	8	6	6	6	5	8
	7	7	7	7	6	9	8	7	6	7	8	6	8
Operating Profit	2	0	-1	1	1	-1	-2	0	0	-2	-3	-1	0
OPM %	20%	4%	-16%	16%	14%	-16%	-33%	5%	2%	-27%	-47%	-17%	2%
	6	9	6	8	7	13	8	11	10	7	5	4	19
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	7	9	4	9	8	11	5	11	10	6	3	3	19
Tax %	17%	-1%	13%	3%	13%	-0%	-2%	1%	9%	-5%	13%	-2%	6%
	6	9	4	9	7	11	5	11	9	6	2	3	18
EPS in Rs	97.86	143.13	62.21	145.31	112.20	178.43	86.80	176.66	142.74	95.80	36.81	55.62	287.90
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	10	10	12	30	33	29	30	37	26	29	30	25	24
	9	10	12	28	32	30	29	34	27	29	30	28	29
Operating Profit	1	0	-1	2	0	-1	1	2	-1	1	-1	-4	-5
OPM %	7%	2%	-7%	7%	1%	-3%	2%	6%	-5%	3%	-3%	-14%	-20%
	1	3	4	1	2	14	13	13	19	25	35	34	36
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	1	1	1	1	1	1	1	1	1	1
Profit before tax	1	3	2	2	1	12	13	14	17	25	34	29	31
Tax %	6%	5%	6%	37%	57%	3%	6%	1%	-1%	7%	4%	4%
	1	2	2	12	9	12	12	14	17	24	33	28	30
EPS in Rs	16.10	39.05	36.18	189.19	142.49	185.53	192.22	221.39	273.19	377.75	522.75	452.02	476.13
Dividend Payout %	4%	4%	5%	21%	28%	11%	10%	14%	7%	8%	6%	7%

Compounded Sales Growth
10 Years:	%
5 Years:	-3%
3 Years:	-1%
TTM:	-14%

Compounded Profit Growth
10 Years:	%
5 Years:	20%
3 Years:	18%
TTM:	-53%

Stock Price CAGR
10 Years:	%
5 Years:	17%
3 Years:	39%
1 Year:	-13%

Return on Equity
10 Years:	%
5 Years:	12%
3 Years:	14%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	1	1	1	1	1	1	1	1	1	1	1	1	1
Reserves	14	16	17	103	109	135	143	155	167	189	218	245	265
	2	1	1	0	0	0	0	0	0	0	0	0	0
	2	2	3	7	5	5	6	6	6	8	11	8	8
Total Liabilities	18	20	21	111	115	141	150	162	174	198	230	254	274
	3	3	3	7	7	10	9	10	8	6	3	4	4
CWIP	0	0	0	0	0	0	1	1	1	1	1	1	0
Investments	8	11	14	94	97	122	126	141	150	184	213	241	260
	6	7	5	11	11	8	13	11	14	8	12	9	10
Total Assets	18	20	21	111	115	141	150	162	174	198	230	254	274

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-3	1	3	11	9	1	-3	2	-3	5	-4	-2
	2	-1	-2	-6	-3	-1	6	-1	8	-5	7	4
	-1	-1	-2	-5	-5	-0	-2	-2	-2	-2	-3	-1
Net Cash Flow	-1	-1	0	0	0	-0	1	-1	3	-3	-0	-0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2006	Mar 2007	Mar 2008	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	23	23	57	39	37	15	33	18	13	12	22	11
Inventory Days	355		223	212	136	108	228	193	484	175	387	255
Days Payable	296		230	170	130	69	87	56	53	74	107	73
Cash Conversion Cycle	82	23	50	81	44	54	174	155	444	113	302	193
Working Capital Days	133	152	47	31	40	2	22	10	37	-27	-2	-29
ROCE %		8%	5%		1%	9%	9%	9%	10%	14%	17%	12%

Shareholding Pattern

Numbers in percentages

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	67.45%	68.02%	68.02%	68.55%	69.02%	71.24%	71.26%	72.45%	72.45%	72.45%	72.45%	72.45%
	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%
	31.87%	31.29%	31.29%	30.77%	30.30%	28.08%	28.05%	26.87%	26.86%	26.88%	26.85%	26.87%
No. of Shareholders	811	779	875	1,012	999	1,058	1,104	1,118	1,160	1,161	1,176	1,201

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	66.04%	66.46%	67.36%	67.43%	68.02%	71.24%	72.45%	72.45%
	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%
	33.28%	32.86%	31.96%	31.89%	31.29%	28.08%	26.88%	26.87%
No. of Shareholders	1,133	901	848	845	779	1,058	1,161	1,201

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Neelamalai Agro Industries Ltd

Neelamalai Agro Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports