Asian Tea & Exports Ltd
Incorporated in 1987, Asian Tea & Exports Ltd sells made tea, Fiber Boards, Elevators, Yellow Peas, etc.[1]
- Market Cap ₹ 31.9 Cr.
- Current Price ₹ 15.9
- High / Low ₹ 21.0 / 10.7
- Stock P/E 319
- Book Value ₹ 30.1
- Dividend Yield 0.00 %
- ROCE 2.61 %
- ROE 0.17 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -22.8% over past five years.
- Company has a low return on equity of 2.58% over last 3 years.
- Contingent liabilities of Rs.156 Cr.
- Earnings include an other income of Rs.2.57 Cr.
- Company has high debtors of 214 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
144.02 | 59.49 | 30.19 | 29.45 | 20.12 | 10.59 | 152.83 | 236.35 | 118.06 | 81.55 | 34.03 | 41.88 | |
137.07 | 58.79 | 29.45 | 29.90 | 19.75 | 10.89 | 150.05 | 228.70 | 116.21 | 78.09 | 35.50 | 41.98 | |
Operating Profit | 6.95 | 0.70 | 0.74 | -0.45 | 0.37 | -0.30 | 2.78 | 7.65 | 1.85 | 3.46 | -1.47 | -0.10 |
OPM % | 4.83% | 1.18% | 2.45% | -1.53% | 1.84% | -2.83% | 1.82% | 3.24% | 1.57% | 4.24% | -4.32% | -0.24% |
0.66 | 1.80 | 1.79 | 2.99 | 1.56 | 2.05 | 1.32 | 1.78 | 5.80 | 3.15 | 5.83 | 2.57 | |
Interest | 4.03 | 0.30 | 0.89 | 0.64 | 0.57 | 0.57 | 2.17 | 5.77 | 3.47 | 3.33 | 2.78 | 2.09 |
Depreciation | 0.31 | 0.29 | 0.31 | 0.21 | 0.16 | 0.13 | 0.13 | 0.19 | 0.17 | 0.14 | 0.15 | 0.24 |
Profit before tax | 3.27 | 1.91 | 1.33 | 1.69 | 1.20 | 1.05 | 1.80 | 3.47 | 4.01 | 3.14 | 1.43 | 0.14 |
Tax % | 33.33% | 15.71% | 7.52% | 3.55% | -4.17% | 12.38% | 30.00% | 20.17% | 8.73% | 8.60% | 0.70% | 28.57% |
2.18 | 1.61 | 1.23 | 1.63 | 1.26 | 0.92 | 1.27 | 2.77 | 3.67 | 2.87 | 1.42 | 0.10 | |
EPS in Rs | 0.76 | 0.80 | 0.62 | 0.82 | 0.63 | 0.46 | 0.64 | 1.38 | 1.84 | 1.44 | 0.71 | 0.05 |
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: | -3% |
5 Years: | -23% |
3 Years: | -29% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | -24% |
5 Years: | -40% |
3 Years: | -70% |
TTM: | -93% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 13% |
3 Years: | -4% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 3% |
Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 | 19.55 | 20.26 | 21.17 | 22.54 | 23.56 | 24.26 | 25.26 | 27.84 | 31.34 | 39.05 | 40.32 | 40.28 |
17.31 | 5.31 | 5.44 | 1.65 | 6.85 | 7.71 | 42.11 | 30.49 | 32.08 | 37.40 | 25.50 | 24.57 | |
12.82 | 19.11 | 4.46 | 2.39 | 1.86 | 3.52 | 15.07 | 17.15 | 8.77 | 19.53 | 5.12 | 9.08 | |
Total Liabilities | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 90.94 | 93.93 |
12.99 | 12.53 | 12.00 | 11.19 | 10.80 | 10.52 | 10.30 | 10.13 | 9.79 | 9.61 | 9.31 | 14.30 | |
CWIP | 2.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 |
Investments | 6.75 | 10.55 | 12.49 | 14.04 | 16.31 | 18.17 | 18.53 | 19.68 | 22.66 | 25.99 | 28.28 | 28.44 |
37.54 | 31.60 | 16.58 | 11.35 | 15.16 | 16.79 | 63.61 | 55.67 | 49.74 | 80.38 | 53.13 | 51.19 | |
Total Assets | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 90.94 | 93.93 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
12.56 | 17.15 | -0.89 | 2.83 | -9.51 | -3.25 | -50.12 | 31.78 | -2.96 | -8.81 | 2.58 | 5.28 | |
2.74 | -4.25 | -0.94 | 1.04 | 5.14 | 1.68 | 17.72 | -15.03 | 5.49 | -6.44 | 11.01 | -7.05 | |
-14.47 | -12.01 | 0.22 | -3.73 | 4.63 | 0.28 | 32.24 | -16.08 | -1.87 | 17.01 | -14.66 | -0.12 | |
Net Cash Flow | 0.83 | 0.89 | -1.62 | 0.14 | 0.26 | -1.29 | -0.16 | 0.67 | 0.66 | 1.75 | -1.07 | -1.90 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54.08 | 119.27 | 48.00 | 29.13 | 59.14 | 156.82 | 29.28 | 21.05 | 33.42 | 156.20 | 191.13 | 214.05 |
Inventory Days | 30.95 | 35.12 | 119.09 | 55.65 | 53.62 | 148.09 | 94.22 | 12.60 | 31.90 | 45.13 | 57.19 | 16.18 |
Days Payable | 22.90 | 114.50 | 51.43 | 22.26 | 23.09 | 90.95 | 36.72 | 21.55 | 25.78 | 86.95 | 5.50 | 75.36 |
Cash Conversion Cycle | 62.13 | 39.90 | 115.66 | 62.51 | 89.67 | 213.97 | 86.78 | 12.10 | 39.55 | 114.38 | 242.82 | 154.87 |
Working Capital Days | 65.36 | 58.04 | 128.03 | 87.75 | 196.65 | 418.77 | 102.55 | 57.70 | 118.41 | 245.94 | 467.75 | 359.07 |
ROCE % | 13.25% | 5.12% | 5.10% | 3.93% | 4.77% | 3.88% | 6.65% | 12.68% | 10.51% | 7.62% | 4.62% | 2.61% |
Documents
Announcements
- Announcement Under Regulation 30 Of LODR For Appointment Of Secretarial Auditor For FY 2024-25 20 Jul
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Announcement under Regulation 30 (LODR)-Change in Management
20 Jul - Disclosure under Regulstion 30 for completion of term of Sushil Kumar Nevatia and Reconstitution of committees of Board.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Compliance Certificate under Reg 74(5) of SEBI DP Regulation for the quarter and financial year ended 30.06.2024
- Closure of Trading Window 29 Jun
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Announcement under Regulation 30 (LODR)-Change in Directorate
27 Jun - For appointment of Additional Non Excecutive Independent Director on the Board of the company
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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