Grandeur Products Ltd(Merged)

Grandeur Products Ltd(Merged)

₹ 173 4.97%
07 Dec 2021
About

Grandeur Products Limited is engaged in the business of seed research and development, and sales & marketing of related products. [1]

Key Points

Acquisition of TAPL
In 2017, the company acquired Tierra Agrotech Private Limited (TAPL) with the objective to enter into the seed business. TAPL is an agriculture technology company focused on developing innovative seeds.
In 2018, the company acquired Monsanto's Indian cotton seed business from Monsanto Holdings Pvt Ltd. Further, in March 2018 it acquired Xylem Seeds Pvt Ltd from DuPont and entered the business of cotton seed development, production, conventional breeding, marketing, and sales of seeds in the territory of India. [1]

  • Market Cap 435 Cr.
  • Current Price 173
  • High / Low /
  • Stock P/E
  • Book Value 23.4
  • Dividend Yield 0.00 %
  • ROCE -1.19 %
  • ROE -2.15 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 7.39 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.97% over last 3 years.

* 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

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
0.00 0.00 3.80 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00
0.10 0.11 1.77 0.18 0.30 0.18 0.01 0.22 0.16 0.15 0.17 0.12 0.21
Operating Profit -0.10 -0.11 2.03 -0.18 -0.30 -0.18 0.02 -0.22 -0.16 -0.15 -0.17 -0.12 -0.21
OPM % 53.42% 66.67%
0.09 0.01 0.01 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.37 0.42 0.37 0.26 0.26 0.26 0.30 0.31 0.05 0.00 0.00 0.06 0.09
Depreciation 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.39 -0.53 1.67 -0.44 -0.53 -0.44 -0.29 -0.53 -0.21 -0.15 -0.17 -0.18 -0.30
Tax % 0.00% 0.00% 18.56% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -29.41% 0.00% -3.33%
-0.38 -0.52 1.36 -0.45 -0.53 -0.44 -0.28 -0.54 -0.21 -0.16 -0.23 -0.19 -0.31
EPS in Rs -0.17 -0.23 0.61 -0.20 -0.24 -0.20 -0.13 -0.24 -0.08 -0.06 -0.09 -0.08 -0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
0.00 0.00 0.00 0.00 0.40 16.92 15.87 0.09 0.09 3.80 -0.19 0.00 0.00
0.00 0.00 0.00 0.00 0.38 16.83 16.11 0.57 0.66 2.18 0.43 0.71 0.65
Operating Profit 0.00 0.00 0.00 0.00 0.02 0.09 -0.24 -0.48 -0.57 1.62 -0.62 -0.71 -0.65
OPM % 5.00% 0.53% -1.51% -533.33% -633.33% 42.63% -2,066.67%
0.00 0.00 0.00 0.00 0.00 0.04 0.48 0.75 0.63 0.15 0.03 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.26 0.47 1.27 1.09 0.36 0.15
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.02 0.01 0.00
Profit before tax 0.00 0.00 0.00 0.00 0.02 0.11 0.20 0.01 -0.44 0.48 -1.70 -1.08 -0.80
Tax % 50.00% 45.45% 45.00% 0.00% 25.00% 50.00% 0.00% -4.63%
0.00 0.00 0.00 0.00 0.02 0.06 0.12 0.00 -0.32 0.25 -1.70 -1.13 -0.89
EPS in Rs 0.04 0.13 0.12 0.00 -0.25 0.11 -0.76 -0.45 -0.35
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 39%
Stock Price CAGR
10 Years: %
5 Years: -11%
3 Years: -14%
1 Year: %
Return on Equity
10 Years: -2%
5 Years: -2%
3 Years: -2%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity Capital 0.24 0.24 0.24 0.24 4.54 4.54 10.00 12.61 12.61 22.31 22.31 25.16
Reserves 0.06 0.06 0.06 0.06 0.07 0.12 0.24 2.26 3.08 25.51 23.57 34.08
0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.00 11.50 14.13 15.50 0.60
0.01 0.01 0.01 0.01 0.02 9.30 1.36 1.06 0.42 2.41 0.55 0.71
Total Liabilities 0.31 0.31 0.31 0.31 4.63 13.96 11.60 21.93 27.61 64.36 61.93 60.55
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 3.06 3.05 3.03 3.02
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
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.41 5.28 16.03 19.77 19.94
0.31 0.31 0.31 0.31 4.63 13.96 11.59 21.43 19.27 45.28 39.13 37.59
Total Assets 0.31 0.31 0.31 0.31 4.63 13.96 11.60 21.93 27.61 64.36 61.93 60.55

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.00 0.00 -0.30 0.00 -4.30 1.38 -0.63 -2.92 -11.84 -21.64 3.21 0.37
0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.24 -6.24 -11.64 -4.00 0.00
0.00 0.00 0.00 0.00 4.30 0.00 5.46 10.36 4.53 33.03 0.72 -0.35
Net Cash Flow 0.00 0.00 -0.30 0.00 0.00 1.38 4.82 7.68 -13.55 -0.25 -0.07 0.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0.00 204.72 29.21 3,082.22 0.00 288.16 -3,496.32
Inventory Days 0.00 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 0.00 204.72 29.21 3,082.22 0.00 288.16 -3,496.32
Working Capital Days 4,197.50 70.97 92.69 24,576.67 72,918.89 4,075.51 73,365.00
ROCE % 0.00% 0.00% 0.00% 0.81% 2.80% 3.22% 1.74% -0.79% 3.86% -0.99% -1.19%

Shareholding Pattern

Numbers in percentages

Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021
14.32% 14.32% 25.63% 25.63% 25.63% 25.63% 25.63% 27.23% 27.23% 27.23% 27.23% 27.23%
82.94% 82.94% 71.63% 71.63% 71.63% 71.63% 71.63% 70.34% 70.34% 70.34% 70.34% 70.34%
2.74% 2.74% 2.74% 2.74% 2.74% 2.74% 2.74% 2.43% 2.43% 2.43% 2.43% 2.43%
No. of Shareholders 511508537566564574582603634665818870

* 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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