Dhunseri Tea & Industries Ltd

₹ 222 -3.79%
27 Jan - close price
About

Dhunseri Tea & Industries Ltd is engaged in cultivation, manufacture and sale of tea through its estates located in Assam, India and parts of Africa.[1]

Key Points

Estates Portfolio
The co. has 8 tea estates in Assam having a cumulative production capacity of 11,000 kg p.a. This apart, the co. has a 4,000 kg p.a. blending and packing unit at Jaipur, Rajasthan. DTIL also has 2 tea estates named ‘Makandi’ and ‘Kawalazi’ in Malawi, South Africa. The cumulative production capacity of these two estates is 10,000 kg p.a. [1] During FY22, DTIL sold one loss-incurring tea garden in Lower Assam and simultaneously also purchased one tea estate in Upper Assam, Balijan North Tea Estate. [2] [3]

  • Market Cap 233 Cr.
  • Current Price 222
  • High / Low 325 / 177
  • Stock P/E
  • Book Value 687
  • Dividend Yield 1.80 %
  • ROCE 6.86 %
  • ROE 6.84 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.32 times its book value
  • Debtor days have improved from 25.8 to 20.0 days.

Cons

  • The company has delivered a poor sales growth of 2.95% over past five years.
  • Company has a low return on equity of 3.72% 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.

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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
108 84 40 63 148 114 52 82 133 92 42 80 126
82 79 72 44 102 97 75 60 116 85 62 89 107
Operating Profit 27 6 -32 18 46 17 -23 22 17 7 -20 -9 19
OPM % 25% 7% -78% 29% 31% 15% -45% 27% 13% 7% -47% -11% 15%
102 1 2 11 -11 21 1 15 18 6 -122 3 20
Interest 2 5 1 3 3 3 1 2 2 2 2 2 3
Depreciation 5 6 4 5 5 6 3 5 5 5 4 5 5
Profit before tax 121 -5 -35 21 27 29 -27 29 29 5 -148 -13 31
Tax % 22% -28% 29% 30% 9% 17% 10% 12% 8% 67% -1% 32% 42%
Net Profit 95 -6 -25 15 25 24 -25 26 27 2 -149 -9 18
EPS in Rs 90.48 -5.53 -23.54 14.23 23.60 22.91 -23.47 24.76 25.46 1.59 -141.48 -8.30 17.27
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 TTM
268 274 302 296 324 302 377 349 339
226 237 245 243 262 284 314 323 342
Operating Profit 42 37 57 53 63 19 63 26 -3
OPM % 16% 13% 19% 18% 19% 6% 17% 7% -1%
8 13 8 1 5 106 7 -83 -93
Interest 8 9 8 9 7 11 9 7 8
Depreciation 10 9 21 17 19 19 20 19 20
Profit before tax 32 32 36 28 42 95 41 -84 -124
Tax % 12% 21% 24% -3% 32% 23% 25% -12%
Net Profit 28 25 27 29 28 73 31 -94 -138
EPS in Rs 26.96 24.10 25.84 27.62 26.76 69.71 29.26 -89.69 -130.92
Dividend Payout % 19% 22% 21% 19% 12% 2% 11% -4%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 2%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 25%
TTM: -123%
Stock Price CAGR
10 Years: %
5 Years: -5%
3 Years: 22%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 4%
Last Year: 7%

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 Sep 2022
7 7 7 7 7 7 7 11 11
Reserves 403 398 695 714 751 819 848 738 712
115 105 115 100 96 128 94 112 143
60 67 167 147 175 177 174 183 183
Total Liabilities 586 578 985 968 1,029 1,131 1,122 1,043 1,048
464 439 776 753 768 782 748 625 590
CWIP 0 0 32 45 64 84 91 96 86
Investments 24 26 35 42 43 122 137 177 181
98 112 141 129 153 143 146 146 191
Total Assets 586 578 985 968 1,029 1,131 1,122 1,043 1,048

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
45 28 45 44 56 6 46 33
-5 -13 -41 -16 -30 -18 4 -36
-24 -27 -5 -25 -24 15 -55 5
Net Cash Flow 16 -12 -1 2 1 3 -5 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 44 62 58 60 49 38 20 20
Inventory Days 359 442 354 373 517 519 321 342
Days Payable 219 266 210 211 276 254 129 153
Cash Conversion Cycle 184 238 203 221 291 302 211 210
Working Capital Days 32 63 71 75 78 87 71 60
ROCE % 7% 7% 5% 6% 0% 7% 7%

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
67.13 67.13 68.39 68.90 68.90 68.90 68.90 68.90 68.90 68.90 68.90 68.90
0.29 0.29 0.00 0.00 0.00 0.00 0.02 0.03 0.01 0.00 0.00 0.00
3.48 3.46 2.03 2.03 2.03 2.03 2.04 2.04 2.03 2.03 2.03 2.03
29.10 29.12 29.58 29.06 29.06 29.06 29.04 29.03 29.06 29.07 29.07 29.08

* 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.

Click on the line-items to see the names of individual entities.

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