Kanco Tea & Industries Ltd

₹ 93.6 -0.95%
27 Jan - close price
kancotea.in BSE: 541005
About

Incorporated in 1983, Kanco Tea & Industries Ltd is in the business of Plantation, Manufacture and Sale of Black Teas.

Key Points

Business Overview:[1]
Company primarily produces black tea of crush, tear, curl (CTC) variety for selling in domestic market through a mix of auction and private sales. KTIL’s three gardens in upper Assam are spread over 2,499 hectares, of which around 64% is under tea cultivation

Website BSE
  • Market Cap ₹ 48.0 Cr.
  • Current Price ₹ 93.6
  • High / Low ₹ 113 / 60.0
  • Stock P/E 2.87
  • Book Value ₹ 182
  • Dividend Yield 1.07 %
  • ROCE 16.7 %
  • ROE 18.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.51 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 66.4 days to 36.7 days

Cons

  • Tax rate seems low

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
22 22 4 12 38 30 2 12 43 25 4 27 47
12 15 14 8 17 28 12 7 29 24 16 19 28
Operating Profit 10 7 -11 3 22 2 -10 5 14 1 -12 8 18
OPM % 44% 31% -294% 29% 57% 6% -530% 38% 32% 5% -345% 29% 39%
-2 1 -0 1 -1 -1 -0 4 0 5 -6 0 0
Interest 1 1 1 1 1 1 1 1 1 0 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 6 6 -12 3 19 -0 -12 7 12 5 -20 7 17
Tax % -1% -1% 8% 2% 0% 3% 5% 0% -0% -0% -3% 2% 1%
Net Profit 6 6 -11 3 19 -0 -12 7 12 5 -20 7 17
EPS in Rs 11.83 11.83 -22.08 5.99 37.85 -0.57 -22.62 13.10 24.38 9.66 -39.72 12.79 33.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
42 41 53 55 60 82 83 102
38 38 50 52 58 65 76 86
Operating Profit 3 3 3 3 2 17 7 15
OPM % 8% 8% 6% 5% 3% 20% 9% 15%
1 2 3 8 2 -0 3 -1
Interest 1 1 4 5 5 4 3 3
Depreciation 1 1 2 2 2 2 2 3
Profit before tax 2 3 1 4 -3 10 4 9
Tax % 21% 38% 45% 7% 63% -6% 11%
Net Profit 2 2 0 4 -1 11 4 8
EPS in Rs 3.67 3.96 0.59 6.99 -2.34 20.67 7.42 15.84
Dividend Payout % 46% 21% 171% -0% -0% 5% 13%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 15%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 50%
TTM: 120%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 37%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 14%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
2 2 6 6 6 6 6 5
Reserves 21 50 50 53 47 57 65 88
7 37 40 43 42 37 27 28
15 12 15 13 14 16 16 14
Total Liabilities 45 101 109 115 107 115 113 136
15 43 48 50 52 55 58 60
CWIP -0 2 0 0 0 0 1 0
Investments 11 42 45 19 16 16 20 20
19 15 16 45 39 44 34 56
Total Assets 45 101 109 115 107 115 113 136

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6 3 5 -0 2 15 18
-6 -29 -8 8 0 -4 -12
-0 28 0 -2 -6 -10 -8
Net Cash Flow 0 3 -3 6 -4 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 2 4 6 7 6 7 3
Inventory Days 365 347 152 156 99 75 89
Days Payable 63 197 153 144 95 63 64
Cash Conversion Cycle 304 154 4 20 10 19 29
Working Capital Days -64 -22 -41 121 82 80 37
ROCE % 7% 5% 9% 5% 16% 17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
70.35 70.35 70.35 70.35 70.35 70.35 70.35 70.35 70.35 70.35 70.34 70.34
0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31
0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
29.25 29.25 29.25 29.25 29.25 29.25 29.25 29.25 29.25 29.25 29.25 29.25

* 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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