Growington Ventures India Ltd

Growington Ventures India Ltd

₹ 6.05 -0.33%
26 Apr 1:26 p.m.
About

Incorporated in 2010, Growington Ventures India Ltd does trading and distribution activities of different products[1]

Key Points

Business Overview:[1][2][3]
Company used to deal in holiday travel packages but shifted to the business of exporting & importing of Premium Quality Fruits. It has a portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, South African Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Banana, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind, etc. Company is also planning to start trading of Spices

  • Market Cap 97.2 Cr.
  • Current Price 6.05
  • High / Low 23.6 / 5.89
  • Stock P/E 76.4
  • Book Value 1.08
  • Dividend Yield 0.00 %
  • ROCE 16.1 %
  • ROE 10.8 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.57 times its book value
  • Company has a low return on equity of 4.69% over last 3 years.
  • Earnings include an other income of Rs.0.93 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Dec 2023
2.22 0.00 2.11 0.00 2.25 3.82 4.51 15.80 8.17 10.42
2.22 0.00 2.36 0.00 2.33 3.92 4.54 14.75 6.73 9.23
Operating Profit 0.00 0.00 -0.25 0.00 -0.08 -0.10 -0.03 1.05 1.44 1.19
OPM % 0.00% -11.85% -3.56% -2.62% -0.67% 6.65% 17.63% 11.42%
0.05 0.00 0.30 0.00 0.27 0.49 0.23 0.45 0.21 0.21
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.00 0.05
Depreciation 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.02
Profit before tax 0.05 0.00 0.04 0.00 0.18 0.38 0.19 1.33 1.64 1.33
Tax % 20.00% -50.00% 33.33% 34.21% 26.32% 24.06% 25.61% 27.07%
0.03 0.00 0.07 0.00 0.12 0.26 0.15 1.00 1.21 0.97
EPS in Rs 0.01 0.00 0.01 0.00 0.02 0.02 0.01 0.06 0.08 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.59 1.43 1.77 2.79 6.52 4.33 1.86 1.21 0.68 0.80 1.23 19.63
0.61 1.45 1.77 2.83 7.04 4.53 2.07 1.49 0.75 1.11 1.40 18.67
Operating Profit -0.02 -0.02 0.00 -0.04 -0.52 -0.20 -0.21 -0.28 -0.07 -0.31 -0.17 0.96
OPM % -3.39% -1.40% 0.00% -1.43% -7.98% -4.62% -11.29% -23.14% -10.29% -38.75% -13.82% 4.89%
0.03 0.03 0.02 -0.02 0.45 0.33 0.47 0.46 0.51 0.43 0.22 0.93
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16
Depreciation 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.02
Profit before tax 0.01 0.01 0.02 -0.06 -0.08 0.11 0.24 0.16 0.43 0.11 0.04 1.71
Tax % 0.00% 0.00% 50.00% 0.00% 37.50% 45.45% 29.17% 25.00% 25.58% 27.27% 150.00% 26.32%
0.00 0.01 0.01 -0.06 -0.06 0.07 0.17 0.12 0.32 0.08 -0.03 1.26
EPS in Rs 0.00 1.00 0.00 -0.01 -0.01 0.01 0.02 0.02 0.05 0.01 -0.00 0.08
Dividend Payout % 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: 30%
5 Years: 60%
3 Years: 207%
TTM: 1496%
Compounded Profit Growth
10 Years: 62%
5 Years: 50%
3 Years: 58%
TTM: 705%
Stock Price CAGR
10 Years: %
5 Years: 40%
3 Years: 103%
1 Year: -42%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 5%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.01 0.01 4.02 4.02 5.58 5.58 5.58 5.58 5.58 5.58 5.58 15.90 16.06
Reserves 0.03 0.01 0.01 -0.05 -0.11 -0.04 0.12 0.24 0.56 0.64 0.61 1.32 2.30
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.03 0.10 0.21 0.25 0.28 0.17 0.15 0.19 0.19 0.65 2.63 5.08 4.57
Total Liabilities 0.07 0.12 4.24 4.22 5.75 5.71 5.85 6.01 6.33 6.87 8.82 22.30 22.93
0.00 0.01 0.01 0.02 0.06 0.04 0.10 0.08 0.06 0.05 0.08 0.08 0.38
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.35 0.51 0.02 0.00 0.00
0.07 0.11 4.23 4.20 5.69 5.67 5.75 5.93 5.92 6.31 8.72 22.22 22.55
Total Assets 0.07 0.12 4.24 4.22 5.75 5.71 5.85 6.01 6.33 6.87 8.82 22.30 22.93

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.10 -3.02 -1.45 -1.79 -0.11 0.89 -0.77 -0.58 -1.14 0.77 -10.19
0.00 -0.01 0.01 0.41 0.38 0.32 0.39 0.46 0.16 0.26 0.65 0.86
-0.02 -0.02 4.00 0.00 1.56 0.00 0.00 0.00 0.00 0.00 2.50 7.33
Net Cash Flow -0.02 0.07 0.99 -1.03 0.15 0.21 1.28 -0.31 -0.42 -0.88 3.91 -2.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 14.44 3.92 7.28 15.17 27.47 48.26 21.47 241.81 2.97 135.18
Inventory Days 0.00 0.00 1.61
Days Payable 92.06
Cash Conversion Cycle 0.00 0.00 14.44 3.92 7.28 15.17 27.47 48.26 21.47 241.81 2.97 44.73
Working Capital Days 12.37 -20.42 604.21 493.21 284.39 418.11 753.55 1,297.11 2,533.53 2,518.50 1,341.30 281.51
ROCE % 20.00% 33.33% 0.99% 9.50% -1.69% 2.00% 4.27% 2.78% 7.19% 1.62% 3.38% 16.06%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024
72.04% 72.04% 65.22% 61.10% 38.16% 38.16% 38.16% 43.12% 43.12% 42.70% 42.70% 42.70%
27.96% 27.96% 34.78% 38.90% 61.84% 61.84% 61.84% 56.88% 56.87% 57.30% 57.31% 57.31%
No. of Shareholders 323229598033930823626225296224,102

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