Neelamalai Agro Industries Ltd

₹ 3,660 0.00%
27 Jan - close price
neelamalaiagro.com BSE: 508670
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

Production
The Co’s tea production during FY21 was 12.16 lakhs Kg with an average yield of 2167 Kg. per hectare as against 10.73 lacs Kg with an average yield of 1948 Kg per hectare during FY20. The average realisation during the year was at Rs.140.58 per Kg as against FY20’s average of Rs. 133.61 per Kg. [1]

Website BSE
  • Market Cap ₹ 228 Cr.
  • Current Price ₹ 3,660
  • High / Low ₹ 4,650 / 3,123
  • Stock P/E 6.26
  • Book Value ₹ 3,799
  • Dividend Yield 0.82 %
  • ROCE 16.5 %
  • ROE 15.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.96 times its book value
  • Company has delivered good profit growth of 24.9% CAGR over last 5 years
  • Market value of investments Rs.802 Cr. is more than the Market Cap Rs.228 Cr.

Cons

  • The company has delivered a poor sales growth of 0.31% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.3% over last 3 years.
  • Earnings include an other income of Rs.40.9 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 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
6.54 7.10 4.93 8.40 8.41 6.86 5.78 8.30 6.93 8.08 6.25 7.61 6.19
7.62 6.20 5.49 8.76 6.75 6.60 6.70 6.94 5.95 9.37 8.31 7.23 6.06
Operating Profit -1.08 0.90 -0.56 -0.36 1.66 0.26 -0.92 1.36 0.98 -1.29 -2.06 0.38 0.13
OPM % -16.51% 12.68% -11.36% -4.29% 19.74% 3.79% -15.92% 16.39% 14.14% -15.97% -32.96% 4.99% 2.10%
4.66 7.01 4.12 5.10 5.89 8.77 5.62 8.13 7.18 12.58 7.59 10.86 9.86
Interest 0.01 0.01 0.00 0.00 0.01 0.00 0.06 0.01 0.00 0.00 0.02 0.01 0.00
Depreciation 0.29 0.30 0.20 0.16 0.16 0.17 0.19 0.16 0.16 0.21 0.21 0.18 0.19
Profit before tax 3.28 7.60 3.36 4.58 7.38 8.86 4.45 9.32 8.00 11.08 5.30 11.05 9.80
Tax % 0.00% 2.76% -9.52% 1.75% 16.80% -1.35% 13.03% 3.00% 12.75% -0.27% -1.70% 0.54% 9.49%
Net Profit 3.28 7.38 3.68 4.51 6.14 8.98 3.87 9.04 6.98 11.10 5.40 10.99 8.88
EPS in Rs 52.28 117.63 58.65 71.88 97.86 143.13 62.21 145.31 112.20 178.43 86.80 176.66 142.74
Raw PDF

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 TTM
10 10 12 30 33 29 30 37 26 29 30 28
9 10 12 28 32 30 29 34 27 29 30 31
Operating Profit 1 0 -1 2 0 -1 1 2 -1 1 -1 -3
OPM % 7% 2% -7% 7% 1% -3% 2% 6% -5% 3% -3% -10%
1 3 4 1 2 14 13 13 19 25 35 41
Interest 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
Profit before tax 1 3 2 2 1 12 13 14 17 25 34 37
Tax % 6% 5% 6% 37% 57% 3% 6% 1% -1% 7% 4%
Net Profit 1 2 2 12 9 12 12 14 17 24 33 36
EPS in Rs 16.10 39.05 36.18 189.19 142.49 185.53 192.22 221.39 273.19 377.75 522.75 584.63
Dividend Payout % 4% 4% 5% 21% 28% 11% 10% 14% 7% 8% 4%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: -7%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 36%
TTM: 28%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 48%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 13%
Last Year: 16%

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 Sep 2022
1 1 1 1 1 1 1 1 1 1 1 1
Reserves 14 16 17 103 109 135 143 155 167 189 218 236
2 1 1 0 0 0 0 0 0 0 0 0
2 2 3 7 5 5 6 6 6 8 11 9
Total Liabilities 18 20 21 111 115 141 150 162 174 198 230 245
3 3 3 7 7 10 9 10 8 6 3 4
CWIP 0 0 0 0 0 0 1 1 1 1 1 1
Investments 8 11 14 94 97 122 126 141 150 184 213 230
6 7 5 11 11 8 13 11 14 8 12 11
Total Assets 18 20 21 111 115 141 150 162 174 198 230 245

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
-3 1 3 11 9 1 -3 2 -3 5 -4
2 -1 -2 -6 -3 -1 6 -1 8 -5 7
-1 -1 -2 -5 -5 -0 -2 -2 -2 -2 -3
Net Cash Flow -1 -1 0 0 0 -0 1 -1 3 -3 -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
Debtor Days 23 23 57 39 37 15 33 18 13 12 22
Inventory Days 355 223 212 136 108 228 193 484 175 387
Days Payable 296 230 170 130 69 87 56 53 74 107
Cash Conversion Cycle 82 23 50 81 44 54 174 155 444 113 302
Working Capital Days 133 152 47 31 40 2 22 10 37 -27 -2
ROCE % 8% 5% 1% 9% 9% 9% 10% 14% 17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
67.43 67.45 67.45 67.45 68.02 68.02 68.55 69.02 71.24 71.26 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
31.89 31.87 31.87 31.87 31.29 31.29 30.77 30.30 28.08 28.05 26.87 26.86

* 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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