Asian Tea & Exports Ltd
Incorporated in 1987, Asian Tea & Exports Ltd sells made tea, Fiber Boards, Elevators, Yellow Peas, etc.[1]
- Market Cap ₹ 27.3 Cr.
- Current Price ₹ 13.6
- High / Low ₹ 19.9 / 10.1
- Stock P/E 43.3
- Book Value ₹ 30.5
- Dividend Yield 0.00 %
- ROCE 4.62 %
- ROE 2.38 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.45 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.31% over last 3 years.
- Contingent liabilities of Rs.156 Cr.
- Earnings include an other income of Rs.4.32 Cr.
- Company has high debtors of 191 days.
- Working capital days have increased from 277 days to 468 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
121.48 | 144.02 | 59.49 | 30.19 | 29.45 | 20.12 | 10.59 | 152.83 | 236.35 | 118.06 | 81.55 | 34.03 | 34.49 | |
116.78 | 137.07 | 58.79 | 29.45 | 29.90 | 19.75 | 10.89 | 150.05 | 228.70 | 116.21 | 78.09 | 35.50 | 35.84 | |
Operating Profit | 4.70 | 6.95 | 0.70 | 0.74 | -0.45 | 0.37 | -0.30 | 2.78 | 7.65 | 1.85 | 3.46 | -1.47 | -1.35 |
OPM % | 3.87% | 4.83% | 1.18% | 2.45% | -1.53% | 1.84% | -2.83% | 1.82% | 3.24% | 1.57% | 4.24% | -4.32% | -3.91% |
0.53 | 0.66 | 1.80 | 1.79 | 2.99 | 1.56 | 2.05 | 1.32 | 1.78 | 5.80 | 3.15 | 5.83 | 4.32 | |
Interest | 3.51 | 4.03 | 0.30 | 0.89 | 0.64 | 0.57 | 0.57 | 2.17 | 5.77 | 3.47 | 3.33 | 2.78 | 2.24 |
Depreciation | 0.27 | 0.31 | 0.29 | 0.31 | 0.21 | 0.16 | 0.13 | 0.13 | 0.19 | 0.17 | 0.14 | 0.15 | 0.13 |
Profit before tax | 1.45 | 3.27 | 1.91 | 1.33 | 1.69 | 1.20 | 1.05 | 1.80 | 3.47 | 4.01 | 3.14 | 1.43 | 0.60 |
Tax % | 33.79% | 33.33% | 15.71% | 7.52% | 3.55% | -4.17% | 12.38% | 30.00% | 20.17% | 8.73% | 8.60% | 0.70% | |
0.96 | 2.18 | 1.61 | 1.23 | 1.63 | 1.26 | 0.92 | 1.27 | 2.77 | 3.67 | 2.87 | 1.42 | 0.63 | |
EPS in Rs | 0.48 | 0.76 | 0.80 | 0.62 | 0.82 | 0.63 | 0.46 | 0.64 | 1.38 | 1.84 | 1.44 | 0.71 | 0.31 |
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: | -13% |
5 Years: | 26% |
3 Years: | -48% |
TTM: | -49% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | 10% |
3 Years: | -20% |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 15% |
3 Years: | 3% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 18.27 | 19.55 | 20.26 | 21.17 | 22.54 | 23.56 | 24.26 | 25.26 | 27.84 | 31.34 | 39.05 | 40.32 | 40.93 |
31.72 | 17.31 | 5.31 | 5.44 | 1.65 | 6.85 | 7.71 | 42.11 | 30.49 | 32.08 | 37.40 | 25.50 | 22.24 | |
2.67 | 12.82 | 19.11 | 4.46 | 2.39 | 1.86 | 3.52 | 15.07 | 17.15 | 8.77 | 19.53 | 5.12 | 7.09 | |
Total Liabilities | 62.66 | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 90.94 | 90.26 |
13.17 | 12.99 | 12.53 | 12.00 | 11.19 | 10.80 | 10.52 | 10.30 | 10.13 | 9.79 | 9.61 | 9.31 | 14.16 | |
CWIP | 0.00 | 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 | 8.53 | 6.75 | 10.55 | 12.49 | 14.04 | 16.31 | 18.17 | 18.53 | 19.68 | 22.66 | 25.99 | 28.28 | 29.24 |
40.96 | 37.54 | 31.60 | 16.58 | 11.35 | 15.16 | 16.79 | 63.61 | 55.67 | 49.74 | 80.38 | 53.13 | 46.86 | |
Total Assets | 62.66 | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 90.94 | 90.26 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.42 | 12.56 | 17.15 | -0.89 | 2.83 | -9.51 | -3.25 | -50.12 | 31.78 | -2.96 | -8.81 | 2.58 | |
-4.13 | 2.74 | -4.25 | -0.94 | 1.04 | 5.14 | 1.68 | 17.72 | -15.03 | 5.49 | -6.44 | 11.01 | |
1.97 | -14.47 | -12.01 | 0.22 | -3.73 | 4.63 | 0.28 | 32.24 | -16.08 | -1.87 | 17.01 | -14.66 | |
Net Cash Flow | 0.26 | 0.83 | 0.89 | -1.62 | 0.14 | 0.26 | -1.29 | -0.16 | 0.67 | 0.66 | 1.75 | -1.07 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 59.04 | 54.08 | 119.27 | 48.00 | 29.13 | 59.14 | 156.82 | 29.28 | 21.05 | 33.42 | 156.20 | 191.13 |
Inventory Days | 56.89 | 30.95 | 35.12 | 119.09 | 55.65 | 53.62 | 148.09 | 94.22 | 12.60 | 31.90 | 45.13 | 57.19 |
Days Payable | 3.58 | 22.90 | 114.50 | 51.43 | 22.26 | 23.09 | 90.95 | 36.72 | 21.55 | 25.78 | 86.95 | 5.50 |
Cash Conversion Cycle | 112.35 | 62.13 | 39.90 | 115.66 | 62.51 | 89.67 | 213.97 | 86.78 | 12.10 | 39.55 | 114.38 | 242.82 |
Working Capital Days | 109.55 | 65.36 | 58.04 | 128.03 | 87.75 | 196.65 | 418.77 | 102.55 | 57.70 | 118.41 | 245.94 | 467.75 |
ROCE % | 8.44% | 13.25% | 5.12% | 5.10% | 3.93% | 4.77% | 3.88% | 6.65% | 12.68% | 10.51% | 7.62% | 4.62% |
Documents
Announcements
- Disclosure Under Regulation 30A Of SEBI (LODR) Regulations 2015 1d
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Disclosure Under Reg 30 Of LODR Regulation 2015 Dt. 12.04.2024
20 Apr - Disclosure under Reg 30 of LODR for Asian Tea and Exports Limited entered partnership agreement for the purpose of trading and dealing in pertroleum products.
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015
16 Apr - Certificate under Regulation 40(9) of SEBI LODR Regulation 2015 issued by Practising Company Secretary Prachi Todi for the year ended 31st March 2024
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Quarter & Year Ended 31St March 2024. 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Compliance Certificate under Reg 74(5) of SEBI DP Regulation 2018 for the quarter and financial year ended 31.03.2024
Annual reports
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Financial Year 2023
from bse
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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