Asian Tea & Exports Ltd
Incorporated in 1987, Asian Tea & Exports Ltd sells made tea, Fiber Boards, Elevators, Yellow Peas, etc.[1]
- Market Cap ₹ 25.1 Cr.
- Current Price ₹ 12.6
- High / Low ₹ 17.4 / 10.1
- Stock P/E 8.75
- Book Value ₹ 30.3
- Dividend Yield 0.00 %
- ROCE 7.62 %
- ROE 5.72 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.41 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 7.35% over last 3 years.
- Contingent liabilities of Rs.303 Cr.
- Promoters have pledged 26.3% of their holding.
- Earnings include an other income of Rs.5.55 Cr.
- Company has high debtors of 156 days.
- Working capital days have increased from 141 days to 246 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
136.32 | 121.48 | 144.02 | 59.49 | 30.19 | 29.45 | 20.12 | 10.59 | 152.83 | 236.35 | 118.06 | 81.55 | 67.78 | |
132.79 | 116.78 | 137.07 | 58.79 | 29.45 | 29.90 | 19.75 | 10.89 | 150.05 | 228.70 | 116.21 | 78.09 | 67.02 | |
Operating Profit | 3.53 | 4.70 | 6.95 | 0.70 | 0.74 | -0.45 | 0.37 | -0.30 | 2.78 | 7.65 | 1.85 | 3.46 | 0.76 |
OPM % | 2.59% | 3.87% | 4.83% | 1.18% | 2.45% | -1.53% | 1.84% | -2.83% | 1.82% | 3.24% | 1.57% | 4.24% | 1.12% |
0.88 | 0.53 | 0.66 | 1.80 | 1.79 | 2.99 | 1.56 | 2.05 | 1.32 | 1.78 | 5.80 | 3.15 | 5.55 | |
Interest | 2.46 | 3.51 | 4.03 | 0.30 | 0.89 | 0.64 | 0.57 | 0.57 | 2.17 | 5.77 | 3.47 | 3.33 | 2.97 |
Depreciation | 0.09 | 0.27 | 0.31 | 0.29 | 0.31 | 0.21 | 0.16 | 0.13 | 0.13 | 0.19 | 0.17 | 0.14 | 0.16 |
Profit before tax | 1.86 | 1.45 | 3.27 | 1.91 | 1.33 | 1.69 | 1.20 | 1.05 | 1.80 | 3.47 | 4.01 | 3.14 | 3.18 |
Tax % | 34.95% | 33.79% | 33.33% | 15.71% | 7.52% | 3.55% | -4.17% | 12.38% | 30.00% | 20.17% | 8.73% | 8.60% | |
Net Profit | 1.21 | 0.96 | 2.18 | 1.61 | 1.23 | 1.63 | 1.26 | 0.92 | 1.27 | 2.77 | 3.67 | 2.87 | 2.87 |
EPS in Rs | 0.60 | 0.48 | 0.76 | 0.80 | 0.62 | 0.82 | 0.63 | 0.46 | 0.64 | 1.38 | 1.84 | 1.44 | 1.44 |
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: | -4% |
5 Years: | 32% |
3 Years: | -19% |
TTM: | -35% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 18% |
3 Years: | 31% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | 6% |
3 Years: | 43% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 20.00 | 20.00 | |
Reserves | 17.56 | 18.27 | 19.55 | 20.26 | 21.17 | 22.54 | 23.56 | 24.26 | 25.26 | 27.84 | 31.34 | 39.05 | 40.65 |
29.74 | 31.72 | 17.31 | 5.31 | 5.44 | 1.65 | 6.85 | 7.71 | 42.11 | 30.49 | 32.08 | 37.40 | 33.27 | |
3.46 | 2.67 | 12.82 | 19.11 | 4.46 | 2.39 | 1.86 | 3.52 | 15.07 | 17.15 | 8.77 | 19.53 | 6.72 | |
Total Liabilities | 60.76 | 62.66 | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 100.64 |
11.80 | 13.17 | 12.99 | 12.53 | 12.00 | 11.19 | 10.80 | 10.52 | 10.30 | 10.13 | 9.79 | 9.61 | 9.69 | |
CWIP | 0.48 | 0.00 | 2.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 6.42 | 8.53 | 6.75 | 10.55 | 12.49 | 14.04 | 16.31 | 18.17 | 18.53 | 19.68 | 22.66 | 25.99 | 27.59 |
42.06 | 40.96 | 37.54 | 31.60 | 16.58 | 11.35 | 15.16 | 16.79 | 63.61 | 55.67 | 49.74 | 80.38 | 63.36 | |
Total Assets | 60.76 | 62.66 | 59.68 | 54.68 | 41.07 | 36.58 | 42.27 | 45.49 | 92.44 | 85.48 | 82.19 | 115.98 | 100.64 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1.47 | 2.42 | 12.56 | 17.15 | -0.89 | 2.83 | -9.51 | -3.25 | -50.12 | 31.78 | -2.96 | -8.81 | |
-0.59 | -4.13 | 2.74 | -4.25 | -0.94 | 1.04 | 5.14 | 1.68 | 17.72 | -15.03 | 5.49 | -6.44 | |
0.74 | 1.97 | -14.47 | -12.01 | 0.22 | -3.73 | 4.63 | 0.28 | 32.24 | -16.08 | -1.87 | 17.01 | |
Net Cash Flow | -1.32 | 0.26 | 0.83 | 0.89 | -1.62 | 0.14 | 0.26 | -1.29 | -0.16 | 0.67 | 0.66 | 1.75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56.25 | 59.04 | 54.08 | 119.27 | 48.00 | 29.13 | 59.14 | 156.82 | 29.28 | 21.05 | 33.42 | 156.20 |
Inventory Days | 45.45 | 56.89 | 30.95 | 35.12 | 119.09 | 55.65 | 53.62 | 148.09 | 94.22 | 12.60 | 31.90 | 45.13 |
Days Payable | 5.85 | 3.58 | 22.90 | 114.50 | 51.43 | 22.26 | 23.09 | 90.95 | 36.72 | 21.55 | 25.78 | 86.95 |
Cash Conversion Cycle | 95.85 | 112.35 | 62.13 | 39.90 | 115.66 | 62.51 | 89.67 | 213.97 | 86.78 | 12.10 | 39.55 | 114.38 |
Working Capital Days | 100.89 | 109.55 | 65.36 | 58.04 | 128.03 | 87.75 | 196.65 | 418.77 | 102.55 | 57.70 | 118.41 | 245.94 |
ROCE % | 7.44% | 8.44% | 13.65% | 5.31% | 5.10% | 3.93% | 4.77% | 3.88% | 6.65% | 12.68% | 10.51% | 7.62% |
Documents
Announcements
- Board Meeting Outcome for Outcome Of The Board Meeting Held On 30Th May 2023 And Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 27m
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 May - In accordance with Regulation 47 read with regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith newspaper publication …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Annual Secretarial Compliance Report for the financial year ended 31st March, 2023, issued by Ms Prachi Todi, a firm of practicing Company Secretaries, is enclosed …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 24 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - With reference to the captioned subject, please find attached the copies of the newspaper advertisement dt.23-05-2023 of the Notice of the Board Meeting scheduled to …
Annual reports
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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 2011
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Financial Year 2010
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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