Dhunseri Tea & Industries Ltd

Dhunseri Tea & Industries Ltd

₹ 220 5.58%
14 Jun 4:01 p.m.
About

Incorporated in 1989, Dhunseri
Tea & Industries Ltd is into cultivation,
manufacture and sale of tea and
macadamia nuts[1]

Key Points

Business Overview:[1][2]
DTIL is a part of Dhunseri Group. It in the business of manufacturing and selling of tea. It has 8 Tea Estates (4 in upper Assam and 4 in lower Assam) and 10 Tea Factories in Assam. It also has 2 Tea Estates in Malawi, East Africa where plantation of Tea and Macadamia are being undertaken. Company sells tea via auctions, private sales through intermediaries and packaged tea

  • Market Cap 232 Cr.
  • Current Price 220
  • High / Low 275 / 175
  • Stock P/E
  • Book Value 497
  • Dividend Yield 1.37 %
  • ROCE -19.4 %
  • ROE -25.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.45 times its book value
  • Company's working capital requirements have reduced from 43.6 days to 31.2 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.05% over past five years.
  • Company has a low return on equity of -5.56% 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: Plantation & Plantation Products Industry: Tea

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
52 82 133 92 42 80 126 91 41 92 143 115 46
75 60 116 85 62 89 107 88 84 98 143 153 150
Operating Profit -23 22 17 7 -20 -9 19 3 -42 -6 -0 -38 -104
OPM % -45% 27% 13% 7% -47% -11% 15% 4% -103% -7% -0% -33% -229%
1 15 18 6 -122 3 20 3 1 5 8 1 8
Interest 1 2 2 2 2 2 3 2 3 3 6 3 5
Depreciation 3 5 5 5 4 5 5 5 4 6 6 5 5
Profit before tax -27 29 29 5 -148 -13 31 0 -49 -11 -4 -45 -106
Tax % 10% 12% 8% 67% -1% 32% 42% -3,554% 12% 16% 7% 2% 21%
-25 26 27 2 -149 -9 18 10 -43 -9 -4 -44 -83
EPS in Rs -23.47 24.76 25.46 1.59 -141.48 -8.30 17.27 9.04 -40.66 -9.02 -3.65 -42.18 -79.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
268 274 302 296 324 302 377 349 337 395
226 237 245 243 262 284 314 323 347 544
Operating Profit 42 37 57 53 63 19 63 26 -10 -148
OPM % 16% 13% 19% 18% 19% 6% 17% 7% -3% -38%
8 13 8 1 5 106 7 -83 8 21
Interest 8 9 8 9 7 11 9 7 9 17
Depreciation 10 9 21 17 19 19 20 19 19 22
Profit before tax 32 32 36 28 42 95 41 -84 -30 -166
Tax % 12% 21% 24% -3% 32% 23% 25% -12% 20% 15%
28 25 27 29 28 73 31 -94 -24 -141
EPS in Rs 26.96 24.10 25.84 27.62 26.76 69.71 29.26 -89.69 -22.64 -134.29
Dividend Payout % 19% 22% 21% 19% 12% 2% 11% -4% -13% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 2%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -611%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: -6%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: -6%
Last Year: -25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 11 11 11
Reserves 403 398 695 714 751 819 848 738 687 511
115 105 115 100 96 128 94 112 181 255
60 67 167 147 175 177 174 183 245 176
Total Liabilities 586 578 985 968 1,029 1,131 1,122 1,043 1,123 953
464 439 776 753 768 782 748 625 789 709
CWIP 0 0 32 45 64 84 91 96 91 72
Investments 24 26 35 42 43 122 137 177 54 16
98 112 141 129 153 143 146 146 188 155
Total Assets 586 578 985 968 1,029 1,131 1,122 1,043 1,123 953

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
45 28 45 44 56 6 46 33 20 -83
-5 -13 -41 -16 -30 -18 4 -36 -60 23
-24 -27 -5 -25 -24 15 -55 5 56 52
Net Cash Flow 16 -12 -1 2 1 3 -5 1 16 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 62 58 60 49 38 20 20 22 17
Inventory Days 359 442 354 373 517 519 321 342 1,470 635
Days Payable 219 266 210 211 276 254 129 153 694 425
Cash Conversion Cycle 184 238 203 221 291 302 211 210 798 228
Working Capital Days 32 63 71 75 78 87 71 60 39 31
ROCE % 7% 7% 5% 6% 0% 7% 7% -2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90% 68.90%
0.00% 0.02% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2.03% 2.04% 2.04% 2.03% 2.03% 2.03% 2.03% 2.03% 2.03% 2.03% 2.03% 2.03%
29.06% 29.04% 29.03% 29.06% 29.07% 29.07% 29.08% 29.08% 29.07% 29.05% 29.06% 29.06%
No. of Shareholders 18,64421,11820,68520,84620,40120,12419,13018,66718,48117,99017,34717,055

* 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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