Dhunseri Tea & Industries Ltd

About [ edit ]

Dhunseri Tea & Industries Ltd is engaged in cultivation, manufacture and sale of tea through its estates located in Assam, India and parts of Africa.#

Key Points [ edit ]
  • Market Cap 204 Cr.
  • Current Price 291
  • High / Low 306 / 136
  • Stock P/E 4.87
  • Book Value 1,243
  • Dividend Yield 0.86 %
  • ROCE 0.49 %
  • ROE -0.79 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.23 times its book value
  • Debtor days have improved from 48.98 to 37.68 days.

Cons

  • The company has delivered a poor sales growth of 2.45% over past five years.
  • Company has a low return on equity of 2.29% for last 3 years.
  • Earnings include an other income of Rs.24.76 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
78 107 82 56 69 108 84 40 63 148 114
55 66 85 56 51 82 79 72 44 114 97
Operating Profit 24 42 -3 0 18 27 6 -32 18 34 17
OPM % 30% 39% -4% 1% 26% 25% 7% -78% 29% 23% 15%
Other Income 1 1 1 3 2 102 1 2 11 -9 21
Interest 1 2 2 2 2 2 5 1 3 3 3
Depreciation 4 5 4 5 5 5 6 4 5 5 6
Profit before tax 19 36 -9 -4 13 121 -5 -35 21 18 29
Tax % 27% 21% -48% 77% 31% 22% -28% 29% 30% 8% 17%
Net Profit 14 28 -13 -1 9 95 -6 -25 15 16 24
EPS in Rs 19.50 40.29 -18.33 -1.34 12.45 135.62 -8.29 -35.29 21.33 23.35 34.35

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
268 274 302 296 324 302 365
226 237 245 243 262 284 327
Operating Profit 42 37 57 53 63 19 38
OPM % 16% 13% 19% 18% 19% 6% 10%
Other Income 8 13 8 1 5 106 25
Interest 8 9 8 9 7 11 9
Depreciation 10 9 21 17 19 19 20
Profit before tax 32 32 36 28 42 95 33
Tax % 12% 21% 24% -3% 32% 23%
Net Profit 28 25 27 29 28 73 31
EPS in Rs 40.41 36.13 38.73 41.40 40.11 104.50 43.74
Dividend Payout % 19% 22% 21% 19% 12% 2%
Compounded Sales Growth
10 Years:%
5 Years:2%
3 Years:0%
TTM:15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:131%
Stock Price CAGR
10 Years:6%
5 Years:1%
3 Years:-0%
1 Year:96%
Return on Equity
10 Years:%
5 Years:3%
3 Years:2%
Last Year:-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7 7 7 7 7 7 7
Reserves 403 398 695 714 751 819 864
Borrowings 115 105 115 100 96 129 117
60 67 167 147 175 176 208
Total Liabilities 586 578 985 968 1,029 1,131 1,196
464 439 776 753 768 782 763
CWIP 0 0 32 45 64 84 96
Investments 24 26 35 42 43 122 109
98 112 141 129 153 143 229
Total Assets 586 578 985 968 1,029 1,131 1,196

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
45 28 45 44 56 4
-5 -13 -41 -16 -30 -16
-24 -27 -5 -25 -24 15
Net Cash Flow 16 -12 -1 2 1 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 7% 5% 6% 0%
Debtor Days 44 62 58 60 49 38
Inventory Turnover 1.87 1.78 1.77 1.53 1.46

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.07 67.13 67.13 67.13 67.13 67.13 67.13 67.13 67.13 68.39 68.90 68.90
0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.00 0.00 0.00
5.07 5.07 5.07 5.07 5.03 4.55 4.12 3.48 3.46 2.03 2.03 2.03
27.56 27.51 27.51 27.51 27.55 28.03 28.47 29.10 29.12 29.58 29.06 29.06

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