Tyroon Tea Company Ltd

₹ 75.0 -2.98%
05 Aug - close price
About

Incorporated in 1890, Tyroon Tea Company
Ltd is engaged in cultivation, manufacture
and sale of tea.

Key Points

Product Profile:[1]
a) CTC tea
b) Orthodox tea
Company produces pedigree clones such as S3A3, S3A1, T3E3 and TV1 and is also developing sections with quality orthodox clones such as P126 and Teenali 17/1/54

  • Market Cap 25.5 Cr.
  • Current Price 75.0
  • High / Low 130 / 61.0
  • Stock P/E 3.58
  • Book Value 91.9
  • Dividend Yield 0.00 %
  • ROCE 26.7 %
  • ROE 25.6 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.82 times its book value
  • Company has delivered good profit growth of 224% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.0% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.2.83 Cr.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
2.25 5.96 12.23 7.60 2.66 4.15 14.90 14.38 4.46 5.38 16.29 15.09 2.57
6.67 6.64 8.48 7.84 8.26 3.56 7.05 10.57 8.44 4.58 10.02 11.11 7.16
Operating Profit -4.42 -0.68 3.75 -0.24 -5.60 0.59 7.85 3.81 -3.98 0.80 6.27 3.98 -4.59
OPM % -196.44% -11.41% 30.66% -3.16% -210.53% 14.22% 52.68% 26.50% -89.24% 14.87% 38.49% 26.38% -178.60%
0.14 1.04 0.53 0.48 -0.15 0.77 0.20 -0.28 -1.10 0.72 0.65 0.62 0.84
Interest 0.01 0.07 0.04 0.08 0.04 0.07 0.03 0.03 0.04 0.09 0.07 0.05 0.06
Depreciation 0.18 0.13 0.13 0.17 0.22 0.17 0.17 0.19 0.36 0.22 0.22 0.23 0.31
Profit before tax -4.47 0.16 4.11 -0.01 -6.01 1.12 7.85 3.31 -5.48 1.21 6.63 4.32 -4.12
Tax % -8.28% 0.00% 0.00% 0.00% 6.32% 0.00% 0.00% 0.00% -9.85% 0.00% 0.00% 0.00% -22.33%
Net Profit -4.84 0.16 4.11 -0.01 -5.63 1.13 7.85 3.31 -6.03 1.21 6.63 4.32 -5.03
EPS in Rs -14.23 0.47 12.08 -0.03 -16.55 3.32 23.07 9.73 -17.72 3.56 19.49 12.70 -14.78

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
21.67 19.60 22.57 24.63 21.83 25.89 24.39 25.15 27.94 28.45 37.89 39.33
19.01 17.96 20.27 21.54 22.05 24.16 25.19 25.61 29.36 31.22 29.62 32.87
Operating Profit 2.66 1.64 2.30 3.09 -0.22 1.73 -0.80 -0.46 -1.42 -2.77 8.27 6.46
OPM % 12.28% 8.37% 10.19% 12.55% -1.01% 6.68% -3.28% -1.83% -5.08% -9.74% 21.83% 16.43%
0.39 0.81 1.08 1.06 0.78 0.77 1.66 1.35 1.25 1.89 -0.41 2.83
Interest 0.27 0.29 0.24 0.17 0.09 0.04 0.02 0.31 0.11 0.22 0.18 0.26
Depreciation 0.25 0.28 0.32 0.32 0.46 0.47 0.57 0.57 0.57 0.66 0.88 0.99
Profit before tax 2.53 1.88 2.82 3.66 0.01 1.99 0.27 0.01 -0.85 -1.76 6.80 8.04
Tax % 12.25% 6.91% 7.80% 9.84% 1,600.00% -27.14% 118.52% 2,500.00% -43.53% 21.59% 7.94% 11.44%
Net Profit 2.22 1.74 2.61 3.31 -0.15 2.52 -0.05 -0.24 -1.22 -1.38 6.26 7.13
EPS in Rs 6.53 5.11 7.67 9.73 -0.44 7.41 -0.15 -0.71 -3.59 -4.06 18.40 20.96
Dividend Payout % 15.81% 20.17% 13.45% 10.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 12%
TTM: 4%
Compounded Profit Growth
10 Years: 17%
5 Years: 224%
3 Years: 90%
TTM: -7%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: 35%
1 Year: -4%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 18%
Last Year: 26%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3.51 3.51 3.51 3.51 3.51 3.51 3.51 3.51 3.51 3.51 3.51 3.51
Reserves 9.20 10.55 12.77 15.67 15.50 18.03 17.39 17.40 16.50 15.48 20.99 27.73
3.08 1.39 1.87 1.07 0.16 0.95 0.91 0.36 1.35 1.65 2.51 3.86
6.20 5.97 6.50 7.03 7.56 8.78 9.04 10.30 11.35 11.03 13.30 12.66
Total Liabilities 21.99 21.42 24.65 27.28 26.73 31.27 30.85 31.57 32.71 31.67 40.31 47.76
5.24 6.85 6.82 6.82 7.51 8.51 8.08 7.76 8.06 13.06 17.06 17.75
CWIP 0.16 0.00 0.00 0.09 0.03 0.05 0.66 1.16 1.16 0.91 0.94 1.60
Investments 8.40 7.92 10.56 12.84 10.33 13.48 11.33 9.24 9.82 8.47 16.14 21.71
8.19 6.65 7.27 7.53 8.86 9.23 10.78 13.41 13.67 9.23 6.17 6.70
Total Assets 21.99 21.42 24.65 27.28 26.73 31.27 30.85 31.57 32.71 31.67 40.31 47.76

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4.48 2.29 2.02 3.52 0.35 2.42 1.24 0.70 -0.03 -1.06 9.90 4.92
-5.12 -0.53 -1.83 -2.13 0.86 -2.99 -1.51 0.15 -0.86 1.09 -10.56 -6.03
1.37 -2.68 -0.15 -1.38 -0.86 0.74 -0.06 -0.86 0.86 0.02 0.66 1.06
Net Cash Flow 0.73 -0.92 0.04 0.01 0.35 0.17 -0.33 -0.02 -0.03 0.05 0.00 -0.05

Ratios

Figures in Rs. Crores

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 5.22 2.23 4.53 1.78 1.17 3.67 7.63 8.27 5.88 3.85 2.12 1.86
Inventory Days 99.07 116.64 117.94 138.08 197.77 272.18 252.98 250.80 99.48 144.44 252.33
Days Payable 281.57 262.44 264.35 328.61 498.78 523.90 473.24 487.73 320.87 392.68 121.05
Cash Conversion Cycle -177.28 -143.56 -141.88 -188.75 -299.85 3.67 -244.09 -211.99 -231.05 -217.54 -246.12 133.14
Working Capital Days 4.21 -6.15 -17.95 -21.93 -33.77 9.87 8.38 19.16 13.19 20.53 -22.64 175.40
ROCE % 19.44% 12.16% 14.52% 17.76% -1.62% 8.11% 0.59% 0.56% -4.60% -11.57% 35.68% 26.72%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
67.22 67.22 67.22 67.22 67.22 67.22 67.22 67.22 67.22 67.22 67.22 67.22
0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
32.69 32.69 32.69 32.69 32.69 32.69 32.69 32.69 32.69 32.69 32.69 32.69

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