Asian Tea & Exports Ltd

Asian Tea & Exports Ltd

₹ 18.6 5.03%
21 Jun - close price
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

  • Market Cap 37.2 Cr.
  • Current Price 18.6
  • High / Low 21.0 / 10.7
  • Stock P/E 372
  • Book Value 30.1
  • Dividend Yield 0.00 %
  • ROCE 2.61 %
  • ROE 0.17 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.62 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
67.52 16.34 10.63 9.65 44.92 6.74 10.55 5.57 11.17 5.28 8.83 9.21 18.56
66.19 15.52 11.15 8.04 43.37 6.74 10.83 6.08 11.85 5.16 9.66 9.17 17.97
Operating Profit 1.33 0.82 -0.52 1.61 1.55 0.00 -0.28 -0.51 -0.68 0.12 -0.83 0.04 0.59
OPM % 1.97% 5.02% -4.89% 16.68% 3.45% 0.00% -2.65% -9.16% -6.09% 2.27% -9.40% 0.43% 3.18%
-0.06 0.46 1.04 1.10 0.56 1.54 1.86 1.59 0.85 1.02 1.47 0.98 -0.91
Interest 1.04 0.83 0.85 0.76 0.90 0.74 0.60 0.73 0.72 0.57 0.46 0.49 0.57
Depreciation 0.05 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.15
Profit before tax 0.18 0.42 -0.36 1.92 1.17 0.76 0.94 0.31 -0.59 0.54 0.15 0.50 -1.04
Tax % 105.56% 9.52% 8.33% 0.52% 22.22% 2.63% 2.13% 6.45% 6.78% 0.00% 6.67% 0.00% -2.88%
0.00 0.38 -0.33 1.91 0.91 0.74 0.92 0.30 -0.54 0.54 0.14 0.49 -1.08
EPS in Rs 0.00 0.19 -0.16 0.96 0.46 0.37 0.46 0.15 -0.27 0.27 0.07 0.24 -0.54
Raw PDF

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: 3%
5 Years: 17%
3 Years: 8%
1 Year: 57%
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 11,59812,03416,35617,51017,61017,87417,77717,48517,39817,46017,46217,690

* 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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