ETP Corporation Ltd

ETP Corporation Ltd

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About

ETP Corporation has been manufacturing and trading in tea and other agricultural products since 1985, under the chairmanship of G N Gupta. Sanjeev Agarwal is the managing director. The company has tea gardens and tea processing houses at Kotagiri, in the Nilgiris, South India. It processes tea from captive gardens of 300 acres and also from other adjoining tea gardens. The process house has a capacity of processing two mln kg of tea pa. The tea produced in these gardens has been widely accepted in the domestic and export markets. Macmillan Tea Exports, a Sterling Tea Export House, was merged with the company to upgrade the company's performance in the export market. The company has varied interests and diversification plans in fields like horticulture, wind energy, production of industrial alcohol, etc. Through Esquire Plantations, a group company, it has achieved plantation of multifarious fruits and vegetables, on a vast expanse of 3500 acres, acquired on long-term lease, located near Pauri in the Garhwal-Kumaon range of the Himalayas in Uttar Pradesh. It had also acquired 250 acres at Hathbandh near Raipur, MP, and commenced plantation activities. Under the banner of Esquire Energy, a 100-MW wind power generation plant is coming up at Chikmagalur, Karnataka, at an estimated project cost of $ 100 mln. Through the promoter company, Poshan Organics, the Esquire group is setting up a plant to manufacture 18,000 klpa of industrial alcohol from molasses at Rajgir, Nalanda. In future, it plans to set up facilities to recover carbon-dioxide of high purity, which to-date has been a waste by-product of fermentation

  • Market Cap Cr.
  • Current Price
  • High / Low /
  • Stock P/E
  • Book Value
  • Dividend Yield %
  • ROCE -0.01 %
  • ROE -0.01 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016
0.35 0.35 0.20 0.21 0.26 0.20 0.12 0.08 0.14 0.13 0.14 0.08 0.00
0.38 0.39 0.22 0.19 0.25 0.23 0.11 0.09 0.14 0.14 0.15 0.09 0.01
Operating Profit -0.03 -0.04 -0.02 0.02 0.01 -0.03 0.01 -0.01 0.00 -0.01 -0.01 -0.01 -0.01
OPM % -8.57% -11.43% -10.00% 9.52% 3.85% -15.00% 8.33% -12.50% 0.00% -7.69% -7.14% -12.50%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.03 -0.04 -0.02 0.02 0.01 -0.03 0.01 -0.01 0.00 -0.01 -0.01 -0.01 -0.01
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.03 -0.04 -0.02 0.02 0.01 -0.03 0.01 -0.01 0.00 -0.01 -0.01 -0.01 -0.01
EPS in Rs
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2020 Mar 2021 Mar 2022
1.37 2.68 2.95 1.17 1.17 0.81 0.80 0.82 1.12 0.34 0.00 0.00
1.27 2.60 2.88 1.20 1.20 0.87 0.84 0.89 1.19 0.40 0.04 0.06
Operating Profit 0.10 0.08 0.07 -0.03 -0.03 -0.06 -0.04 -0.07 -0.07 -0.06 -0.04 -0.06
OPM % 7.30% 2.99% 2.37% -2.56% -2.56% -7.41% -5.00% -8.54% -6.25% -17.65%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.02 0.03 0.05
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.53 0.53 0.53 0.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.43 -0.45 -0.46 -0.41 -0.03 -0.06 -0.04 -0.05 -0.06 -0.04 -0.01 -0.01
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.43 -0.45 -0.46 -0.41 -0.03 -0.06 -0.04 -0.05 -0.06 -0.04 -0.01 -0.01
EPS in Rs
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: %
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2020 Mar 2021 Mar 2022
Equity Capital 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00 35.00
Reserves 38.60 38.15 37.69 37.28 37.25 37.19 37.15 37.10 37.04 36.61 36.59 36.59
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
3.51 2.59 2.58 2.58 2.59 2.56 2.56 2.55 2.55 0.10 0.11 0.12
Total Liabilities 77.11 75.74 75.27 74.86 74.84 74.75 74.71 74.65 74.59 71.71 71.70 71.71
1.44 0.91 0.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 58.53 60.13 59.98 60.36 60.35 60.28 60.33 60.30 60.23 59.88 59.88 59.88
17.14 14.70 14.92 14.50 14.49 14.47 14.38 14.35 14.36 11.83 11.82 11.83
Total Assets 77.11 75.74 75.27 74.86 74.84 74.75 74.71 74.65 74.59 71.71 71.70 71.71

Cash Flows

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2020 Mar 2021 Mar 2022
1.21 1.58 -0.14 0.37 0.01 -0.07 0.02 -0.02 0.32 0.00 0.01
-1.36 -1.60 0.15 -0.37 0.01 0.07 -0.05 0.03 -0.34 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow -0.15 -0.02 0.01 0.00 0.02 0.00 -0.03 0.01 -0.02 0.00 0.01

Ratios

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2020 Mar 2021 Mar 2022
Debtor Days 1,047.04 535.24 486.25 1,226.03 1,226.03 1,770.93 1,793.06 1,749.33 1,280.76 4,218.97
Inventory Days 2,742.02 965.16 891.22 2,069.39 2,087.54 3,131.32 2,910.99 2,789.64 2,102.01 5,263.06
Days Payable 1,049.75 369.33 330.18 812.52 819.65 1,219.87 1,140.06 1,099.35 824.51 0.00
Cash Conversion Cycle 2,739.32 1,131.07 1,047.30 2,482.90 2,493.92 3,682.37 3,563.99 3,439.63 2,558.26 9,482.04
Working Capital Days 3,604.71 1,641.14 1,518.15 3,706.15 3,696.79 5,353.33 5,388.31 5,247.99 3,842.28 12,571.03
ROCE % -0.61% -0.63% -0.57% -0.04% -0.08% -0.06% -0.07% -0.08% -0.01% -0.01%

Shareholding Pattern

Numbers in percentages

Mar 2016Jun 2016
31.19% 31.19%
0.70% 0.70%
68.10% 68.10%
No. of Shareholders 55,56955,573

* 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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