Asian Tea & Exports Ltd

₹ 12.6 2.03%

30 May - close price

asianteaexports.com BSE: 519532

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

Website BSE

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

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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.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
	63.69	10.35	10.92	17.74	21.90	67.52	16.34	10.63	9.65	44.92	6.74	10.55	5.57
	62.75	6.92	12.16	18.56	19.33	66.19	15.52	11.15	8.04	43.37	6.74	10.83	6.08
Operating Profit	0.94	3.43	-1.24	-0.82	2.57	1.33	0.82	-0.52	1.61	1.55	0.00	-0.28	-0.51
OPM %	1.48%	33.14%	-11.36%	-4.62%	11.74%	1.97%	5.02%	-4.89%	16.68%	3.45%	0.00%	-2.65%	-9.16%
	1.53	-2.14	1.87	3.57	0.41	-0.06	0.46	1.04	1.10	0.56	1.54	1.86	1.59
Interest	0.82	2.59	0.42	0.71	1.29	1.04	0.83	0.85	0.76	0.90	0.74	0.60	0.73
Depreciation	0.06	0.05	0.04	0.04	0.04	0.05	0.03	0.03	0.03	0.04	0.04	0.04	0.04
Profit before tax	1.59	-1.35	0.17	2.00	1.65	0.18	0.42	-0.36	1.92	1.17	0.76	0.94	0.31
Tax %	5.03%	-3.70%	0.00%	0.50%	9.09%	105.56%	9.52%	8.33%	0.52%	22.22%	2.63%	2.13%	6.45%
Net Profit	1.52	-1.40	0.18	1.99	1.50	0.00	0.38	-0.33	1.91	0.91	0.74	0.92	0.30
EPS in Rs	0.76	-0.70	0.09	1.00	0.75	0.00	0.19	-0.16	0.96	0.46	0.37	0.46	0.15
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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%

Shareholding Pattern

Numbers in percentages

4 Recently

Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
65.68	65.68	65.68	65.68	65.68	66.44	72.42	66.76	66.76	66.75	66.75	67.01
0.15	0.15	0.15	0.15	0.15	0.15	0.07	0.07	0.07	0.07	0.07	0.07
34.18	34.18	34.18	34.18	34.18	33.42	27.51	33.17	33.17	33.18	33.17	32.92

Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
65.39	65.50	65.63	65.68	65.68	66.76	67.01
0.15	0.15	0.15	0.15	0.15	0.07	0.07
34.46	34.36	34.23	34.18	34.18	33.17	32.92

* 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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Asian Tea & Exports Ltd

Asian Tea & Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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