Asian Tea & Exports Ltd

₹ 13.6 -1.52%

25 Apr - close price

asianteaexports.com BSE: 519532

About

Incorporated in 1987, Asian Tea & Exports Ltd sells made tea, Fiber Boards, Elevators, Yellow Peas, etc.^[1]

Key Points

Business Overview:^[1]
Company is in tea plantation, manufacturing, trading and exports of tea, international trade, imports and and domestic trade of food and other commodities. Company provides end to end solutions to customers, from sourcing tea from all origins, tasting, customizing blends, providing specialty teas and flavored teas, to third party labeling and packaging

Website BSE

Market Cap ₹ 27.3 Cr.
Current Price ₹ 13.6
High / Low ₹ 19.9 / 10.1
Stock P/E
Book Value ₹ 22.2
Dividend Yield 0.00 %
ROCE 2.26 %
ROE -1.80 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.62 times its book value

Cons

Company has low interest coverage ratio.
Company has a low return on equity of 0.44% over last 3 years.
Earnings include an other income of Rs.2.73 Cr.
Company has high debtors of 160 days.
Working capital days have increased from 280 days to 424 days

* 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: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	15.85	53.66	16.10	10.63	9.65	36.61	5.90	10.55	5.57	11.17	4.98	9.05	9.14
	13.82	52.06	15.29	11.15	8.01	35.05	5.86	10.81	5.94	11.71	4.88	9.93	9.11
Operating Profit	2.03	1.60	0.81	-0.52	1.64	1.56	0.04	-0.26	-0.37	-0.54	0.10	-0.88	0.03
OPM %	12.81%	2.98%	5.03%	-4.89%	16.99%	4.26%	0.68%	-2.46%	-6.64%	-4.83%	2.01%	-9.72%	0.33%
	-0.01	-0.13	0.12	0.07	0.04	0.42	0.72	0.92	1.09	0.49	0.46	1.34	0.44
Interest	1.29	1.01	0.81	0.85	0.74	0.81	0.69	0.56	0.64	0.53	0.44	0.34	0.37
Depreciation	0.03	0.03	0.02	0.02	0.02	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	0.70	0.43	0.10	-1.32	0.92	1.14	0.05	0.08	0.06	-0.60	0.10	0.10	0.08
Tax %	20.00%	25.58%	40.00%	3.03%	0.00%	24.56%	40.00%	25.00%	16.67%	6.67%	0.00%	0.00%	0.00%
	0.57	0.33	0.06	-1.27	0.93	0.86	0.03	0.05	0.05	-0.56	0.10	0.10	0.08
EPS in Rs	0.28	0.16	0.03	-0.64	0.46	0.43	0.02	0.02	0.02	-0.28	0.05	0.05	0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	121.03	55.09	59.49	30.12	29.41	20.12	10.59	151.00	219.18	92.96	73.00	33.19	34.34
	116.42	52.92	58.65	29.24	29.76	19.68	10.78	148.32	212.90	90.46	69.49	34.32	35.63
Operating Profit	4.61	2.17	0.84	0.88	-0.35	0.44	-0.19	2.68	6.28	2.50	3.51	-1.13	-1.29
OPM %	3.81%	3.94%	1.41%	2.92%	-1.19%	2.19%	-1.79%	1.77%	2.87%	2.69%	4.81%	-3.40%	-3.76%
	0.51	0.60	0.38	0.55	1.24	0.41	0.89	1.06	1.02	1.98	0.64	3.22	2.73
Interest	3.51	1.59	0.28	0.78	0.60	0.55	0.56	2.14	4.25	3.43	3.21	2.42	1.68
Depreciation	0.22	0.19	0.13	0.12	0.07	0.05	0.04	0.06	0.12	0.10	0.08	0.10	0.08
Profit before tax	1.39	0.99	0.81	0.53	0.22	0.25	0.10	1.54	2.93	0.95	0.86	-0.43	-0.32
Tax %	33.09%	36.36%	29.63%	24.53%	22.73%	36.00%	80.00%	33.77%	27.65%	24.21%	32.56%	2.33%
	0.93	0.63	0.57	0.40	0.17	0.17	0.02	1.02	2.11	0.72	0.58	-0.43	-0.28
EPS in Rs	0.46	0.32	0.28	0.20	0.08	0.08	0.01	0.51	1.06	0.36	0.29	-0.22	-0.14
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-5%
5 Years:	26%
3 Years:	-47%
TTM:	-41%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-128%

Stock Price CAGR
10 Years:	3%
5 Years:	14%
3 Years:	2%
1 Year:	16%

Return on Equity
10 Years:	1%
5 Years:	2%
3 Years:	0%
Last Year:	-2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	20.00	20.00	20.00
Reserves	13.22	13.85	14.42	14.76	14.93	15.10	15.12	16.08	18.20	18.94	24.54	24.13	24.34
	31.23	1.71	5.06	4.94	1.25	6.53	7.70	39.64	30.31	31.58	35.12	19.67	14.81
	2.40	6.84	18.70	4.16	1.70	1.16	2.86	13.84	12.58	6.94	9.19	0.54	2.20
Total Liabilities	56.85	32.40	48.18	33.86	27.88	32.79	35.68	79.56	71.09	67.46	88.85	64.34	61.35
	0.99	0.88	0.66	0.47	0.14	0.10	0.20	0.25	0.36	0.27	0.32	0.24	0.20
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	13.75	14.44	14.63	16.57	16.29	17.51	18.46	18.46	19.07	19.07	20.08	20.06	20.07
	42.11	17.08	32.89	16.82	11.45	15.18	17.02	60.85	51.66	48.12	68.45	44.04	41.08
Total Assets	56.85	32.40	48.18	33.86	27.88	32.79	35.68	79.56	71.09	67.46	88.85	64.34	61.35

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	0.39	31.84	-15.13	0.36	2.41	-9.39	-6.58	-18.59	29.45	-2.85	-7.66	5.79
	-1.83	-0.45	0.10	-1.95	1.24	5.05	4.72	-11.40	-14.97	5.58	-6.31	11.51
	1.48	-29.52	3.38	-0.04	-3.69	4.74	0.60	29.81	-13.86	-2.16	15.34	-17.87
Net Cash Flow	0.04	1.87	-11.65	-1.62	-0.05	0.40	-1.26	-0.19	0.62	0.56	1.37	-0.57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	59.20	50.95	119.21	47.87	28.67	59.14	151.31	30.48	21.75	47.51	129.15	160.23
Inventory Days	56.99	23.88	34.11	117.42	53.77	48.51	137.63	84.81	13.22	37.86	44.64	55.04
Days Payable	3.61	43.76	114.38	49.86	18.60	14.08	71.63	31.19	23.01	27.74	47.61	2.11
Cash Conversion Cycle	112.58	31.06	38.95	115.44	63.84	93.57	217.31	84.10	11.95	57.63	126.18	213.16
Working Capital Days	112.76	44.52	64.42	127.97	92.34	210.98	449.44	112.79	62.90	149.91	266.45	424.50
ROCE %	9.18%	6.25%	3.89%	4.22%	-0.36%	2.77%	2.02%	7.47%	11.56%	7.31%	5.81%	2.26%

Shareholding Pattern

Numbers in percentages

7 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	65.68%	66.44%	72.42%	66.76%	66.76%	66.75%	66.75%	67.01%	67.01%	67.01%	67.01%	66.90%
	0.15%	0.15%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	34.18%	33.42%	27.51%	33.17%	33.17%	33.18%	33.17%	32.92%	32.92%	32.92%	32.93%	33.04%
No. of Shareholders	11,598	12,034	16,356	17,510	17,610	17,874	17,777	17,485	17,398	17,460	17,462	17,690

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	65.39%	65.50%	65.63%	65.68%	65.68%	66.76%	67.01%	66.90%
	0.15%	0.15%	0.15%	0.15%	0.15%	0.07%	0.07%	0.07%
	34.46%	34.36%	34.23%	34.18%	34.18%	33.17%	32.92%	33.04%
No. of Shareholders	11,795	11,510	11,430	11,377	11,333	17,510	17,485	17,690

* 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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Asian Tea & Exports Ltd

Asian Tea & Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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