Neelamalai Agro Industries Ltd

Neelamalai Agro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Neelamalai Agro Industries Ltd

₹ 4,533 -1.13%
13 Dec - close price
neelamalaiagro.com BSE: 508670
About

Incorporated in 1943, Neelamalai Agro Industries Ltd is in the business of cultivating, manufacturing, and selling of Tea[1]

Key Points

Business Overview:[1]
Company is engaged in the Tea Plantation activity in its 2 tea estates viz. Katary & Sutton Estates, located in the Nilgiris District in Tamil Nadu, spanning an area of 635.56 Hectares. Currently, the company produces 100% Orthodox Tea. Its main business includes:
a) Tea cultivation
b) Tea Manufacturing
c) Sales and exports of Tea

Website BSE
  • Market Cap ₹ 282 Cr.
  • Current Price ₹ 4,533
  • High / Low ₹ 5,390 / 3,300
  • Stock P/E 11.3
  • Book Value ₹ 4,584
  • Dividend Yield 1.10 %
  • ROCE 8.92 %
  • ROE 8.48 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value
  • Market value of investments Rs.515 Cr. is more than the Market Cap Rs.282 Cr.

Cons

  • The company has delivered a poor sales growth of -7.09% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.8% over last 3 years.
  • Earnings include an other income of Rs.33.2 Cr.
  • Dividend payout has been low at 6.76% of profits over last 3 years

* 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 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
6.93 8.08 6.25 7.61 6.19 5.59 5.54 5.22 7.82 7.10 5.21 6.53 6.30
5.95 9.37 8.31 7.23 6.06 7.10 8.15 6.12 7.63 8.03 7.39 6.76 6.33
Operating Profit 0.98 -1.29 -2.06 0.38 0.13 -1.51 -2.61 -0.90 0.19 -0.93 -2.18 -0.23 -0.03
OPM % 14.14% -15.97% -32.96% 4.99% 2.10% -27.01% -47.11% -17.24% 2.43% -13.10% -41.84% -3.52% -0.48%
7.18 12.58 7.59 10.86 9.86 7.44 5.43 4.44 19.16 11.09 11.06 4.59 6.42
Interest 0.00 0.00 0.02 0.01 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.16 0.21 0.21 0.18 0.19 0.22 0.18 0.14 0.23 0.20 0.30 0.26 0.28
Profit before tax 8.00 11.08 5.30 11.05 9.80 5.70 2.62 3.40 19.12 9.96 8.58 4.10 6.11
Tax % 12.75% -0.27% -1.70% 0.54% 9.49% -4.74% 12.60% -1.76% 6.33% 0.20% 10.02% 0.49% -0.16%
6.98 11.10 5.40 10.99 8.88 5.96 2.29 3.46 17.91 9.94 7.72 4.08 6.12
EPS in Rs 112.20 178.43 86.80 176.66 142.74 95.80 36.81 55.62 287.90 159.78 124.10 65.58 98.38
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
10 12 30 33 29 30 37 26 29 30 25 25 25
10 12 28 32 30 29 34 27 29 30 28 29 29
Operating Profit 0 -1 2 0 -1 1 2 -1 1 -1 -4 -4 -3
OPM % 2% -7% 7% 1% -3% 2% 6% -5% 3% -3% -14% -15% -13%
3 4 1 2 14 13 13 19 25 35 34 46 33
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 3 2 2 1 12 13 14 17 25 34 29 41 29
Tax % 5% 6% 37% 57% 3% 6% 1% -1% 7% 4% 4% 5%
2 2 12 9 12 12 14 17 24 33 28 39 28
EPS in Rs 39.05 36.18 189.19 142.49 185.53 192.22 221.39 273.19 377.75 522.75 452.02 627.39 447.84
Dividend Payout % 4% 5% 21% 28% 11% 10% 14% 7% 8% 6% 7% 8%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -5%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: -1%
TTM: 47%
Stock Price CAGR
10 Years: 17%
5 Years: 29%
3 Years: 7%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.63 0.62 0.62 0.62 0.62 0.62
Reserves 16 17 103 109 135 143 155 167 189 218 245 276 285
1 1 0 0 0 0 0 0 0 0 0 0 0
2 3 7 5 5 6 6 6 8 11 8 8 11
Total Liabilities 20 21 111 115 141 150 162 174 198 230 254 285 296
3 3 7 7 10 9 10 8 6 3 4 6 5
CWIP 0 0 0 0 0 1 1 1 1 1 1 0 1
Investments 11 14 94 97 122 126 141 150 184 213 241 272 278
7 5 11 11 8 13 11 14 8 12 9 8 12
Total Assets 20 21 111 115 141 150 162 174 198 230 254 285 296

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 3 11 9 1 -3 2 -3 5 -4 -2 -4
-1 -2 -6 -3 -1 6 -1 8 -5 7 4 6
-1 -2 -5 -5 -0 -2 -2 -2 -2 -3 -1 -2
Net Cash Flow -1 0 0 0 -0 1 -1 3 -3 -0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 57 39 37 15 33 18 13 12 22 11 9
Inventory Days 223 212 136 108 228 193 484 175 387 255 521
Days Payable 230 170 130 69 87 56 53 74 107 73 95
Cash Conversion Cycle 23 50 81 44 54 174 155 444 113 302 193 435
Working Capital Days 152 47 31 40 2 22 10 37 -27 -2 -29 -32
ROCE % 8% 5% 1% 9% 9% 9% 10% 14% 17% 12% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.02% 71.24% 71.26% 72.45% 72.45% 72.45% 72.45% 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%
30.30% 28.08% 28.05% 26.87% 26.86% 26.88% 26.85% 26.87% 26.87% 26.87% 26.86% 26.86%
No. of Shareholders 9991,0581,1041,1181,1601,1611,1761,2011,2421,2941,3671,526

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports