Asian Tea & Exports Ltd
Incorporated in 1987, Asian Tea & Exports Limited is Kolkata based company promoted by Garg family and is engaged in trading/exporting of agro commodities including tea, rice, Sugar & pulses.
Converted into Public Limited company in 1994, it exports tea to countries like China, Russia, Vietnam Iran through its associate company Asian Tea Company Private Limited. [1]
- Market Cap ₹ 25.3 Cr.
- Current Price ₹ 12.7
- High / Low ₹ 23.2 / 10.7
- Stock P/E 5.65
- Book Value ₹ 30.3
- Dividend Yield 0.00 %
- ROCE 7.62 %
- ROE 5.72 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.42 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 54.2% of their holding.
- Earnings include an other income of Rs.5.06 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.
Peer comparison
Sector: Plantation & Plantation Products Industry: Tea
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 | 71.86 | |
132.79 | 116.78 | 137.07 | 58.79 | 29.45 | 29.90 | 19.75 | 10.89 | 150.05 | 228.70 | 116.21 | 78.09 | 68.98 | |
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 | 2.88 |
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% | 4.01% |
0.88 | 0.53 | 0.66 | 1.80 | 1.79 | 2.99 | 1.56 | 2.05 | 1.32 | 1.78 | 5.80 | 3.15 | 5.06 | |
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 | 3.00 |
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 | 0.15 |
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 | 4.79 |
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 | 4.48 |
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 | 2.25 |
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: | -38% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 18% |
3 Years: | 31% |
TTM: | 189% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | -1% |
3 Years: | 29% |
1 Year: | -43% |
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
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Certificate under Regulation74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022
- Closure of Trading Window 30 Dec 2022
- Disclosure Of Related Party Transactions For The Half Year Ended 30Th September, 2022 24 Nov 2022
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Announcement under Regulation 30 (LODR)-Acquisition
18 Nov 2022 - "Asian Tea & Exports Limited " ('the Company'), acquired of 100% equity shares of Herbby Tea Plantations Private Limited (CIN: U01100WB2021PTC247591).
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Leading House of Tea
Asian Tea & Exports is a leading house of Tea and is engaged in tea plantations, manufacturing, exporting and trading of Tea. It is recognised as Star Export House by the Government of India. [1]