Neelamalai Agro Industries Ltd

About [ edit ]

Neelamalai Agro Industries Ltd is engaged in the business is in Tea Plantation Business of cultivating Tea, its manufacturing and sale, both domestic and export.

Key Points [ edit ]
  • Market Cap 95.9 Cr.
  • Current Price 1,541
  • High / Low 1,650 / 946
  • Stock P/E 4.20
  • Book Value 2,857
  • Dividend Yield 1.30 %
  • ROCE 10.4 %
  • ROE 10.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.54 times its book value
  • Market value of investments Rs.145.45 Cr. is more than the Market Cap Rs.95.86 Cr.

Cons

  • The company has delivered a poor sales growth of -2.87% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 9.07% for last 3 years.
  • Earnings include an other income of Rs.23.88 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
8.54 10.37 11.84 8.04 6.35 7.28 6.54 7.10 4.93 8.40 8.41 6.86
9.80 8.54 11.56 6.44 8.08 7.84 7.62 6.20 5.49 8.76 6.75 6.60
Operating Profit -1.26 1.83 0.28 1.60 -1.73 -0.56 -1.08 0.90 -0.56 -0.36 1.66 0.26
OPM % -14.75% 17.65% 2.36% 19.90% -27.24% -7.69% -16.51% 12.68% -11.36% -4.29% 19.74% 3.79%
Other Income -1.35 3.04 3.19 2.84 3.94 3.56 4.66 7.01 4.12 5.10 5.89 8.77
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.01 0.00
Depreciation 0.28 0.22 0.19 0.20 0.37 0.21 0.29 0.30 0.20 0.16 0.16 0.17
Profit before tax -2.90 4.64 3.27 4.23 1.83 2.78 3.28 7.60 3.36 4.58 7.38 8.86
Tax % -6.21% 11.64% -4.28% 9.22% -38.25% -1.08% 0.00% 2.76% -9.52% 1.75% 16.80% -1.35%
Net Profit -3.08 4.10 3.42 3.84 2.54 2.80 3.28 7.38 3.68 4.51 6.14 8.98
EPS in Rs -49.09 65.35 54.51 61.20 40.48 44.63 52.28 117.63 58.65 71.88 97.86 143.13

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 TTM
10 10 12 30 33 29 30 37 26 29
9 8 11 28 32 30 29 34 27 28
Operating Profit 1 2 1 2 0 -1 1 2 -1 1
OPM % 7% 16% 8% 7% 1% -3% 2% 6% -5% 4%
Other Income 1 1 2 1 2 14 13 13 19 24
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1
Profit before tax 1 3 2 2 1 12 13 14 17 24
Tax % 6% 5% 6% 37% 57% 3% 6% 1% -1%
Net Profit 1 2 2 12 9 12 12 14 17 23
EPS in Rs 16.10 39.05 36.18 189.19 142.49 185.53 192.22 221.39 273.19 371.52
Dividend Payout % 4% 4% 5% 21% 28% 11% 10% 14% 7%
Compounded Sales Growth
10 Years:%
5 Years:-3%
3 Years:-4%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:16%
TTM:43%
Stock Price CAGR
10 Years:17%
5 Years:13%
3 Years:5%
1 Year:71%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:10%

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 Sep 2020
1 1 1 1 1 1 1 1 1 1
Reserves 14 16 17 103 109 135 143 155 167 177
Borrowings 2 1 1 0 0 0 0 0 0 0
2 2 3 7 5 5 6 6 6 8
Total Liabilities 18 20 21 111 115 141 150 162 174 186
3 3 3 7 7 10 9 10 8 8
CWIP 0 0 0 0 0 0 1 1 1 1
Investments 8 11 14 94 97 122 126 141 150 168
6 7 5 11 11 8 13 11 14 9
Total Assets 18 20 21 111 115 141 150 162 174 186

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
-3 1 3 11 9 1 -3 2 -3
2 -1 -2 -6 -3 -1 6 -1 8
-1 -1 -2 -5 -5 -0 -2 -2 -2
Net Cash Flow -1 -1 0 0 0 -0 1 -1 3

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
ROCE % 8% 5% 1% 9% 9% 9% 10%
Debtor Days 23 23 57 39 37 15 33 18 13
Inventory Turnover 1.54 2.74 3.31 3.94 2.54 2.54 1.26

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
66.46 66.46 67.24 67.36 67.36 67.36 67.39 67.43 67.45 67.45 67.45 68.02
0.00 0.00 0.00 0.00 0.00 0.68 0.00 0.00 0.00 0.00 0.00 0.00
0.68 0.68 0.68 0.68 0.68 0.00 0.68 0.68 0.68 0.68 0.68 0.68
32.86 32.86 32.08 31.96 31.96 31.96 31.93 31.89 31.87 31.87 31.87 31.29

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