Gillanders Arbuthnot & Company Ltd

₹ 71.6 1.78%
18 Aug - close price
About

Gillanders Arbuthnot and Company Limited primarily deals in manufacture and sale of tea, cotton yarn, Steel Structural , Pipes and Equipment etc. [1]

Key Points

Business Divisions
Textile Division : The company offers a wide range of spun yarn manufactured from natural as well as synthetic fibre, both grey and dyed in count range of NE 20 to NE 80. Apart from common varieties the Co also manufactures specialised and effective yarn. [1]
Engineering Division (MICCO) : MICCO is a project execution company involving design, detail engineering, manufacture and supply of equipment and other services. [2]
Tea Division : The Co manufactures around 10 Million kgs of tea consisting of CTC, Orthodox & Green tea. [3]
Property Division : The Co owns a four-storied commercial building known as “Gillander House”. The Property Division is engaged in utilising this highly valued property and earns income from the tenants of this building. [4]

  • Market Cap 153 Cr.
  • Current Price 71.6
  • High / Low 93.8 / 43.4
  • Stock P/E 8.68
  • Book Value 118
  • Dividend Yield 0.00 %
  • ROCE 7.99 %
  • ROE 5.13 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.61 times its book value
  • Company has delivered good profit growth of 18.5% CAGR over last 5 years
  • Debtor days have improved from 42.9 to 33.2 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.7% over past five years.
  • Company has a low return on equity of -3.07% for last 3 years.
  • Earnings include an other income of Rs.23.1 Cr.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
153 180 156 126 59 140 96 96 59 122 111 76 110
147 160 148 145 62 102 96 104 56 98 98 92 100
Operating Profit 6 20 8 -20 -3 39 -0 -9 3 24 13 -16 10
OPM % 4% 11% 5% -16% -4% 28% -0% -9% 5% 20% 12% -21% 9%
6 3 5 12 2 4 -14 15 7 3 3 4 13
Interest 11 11 10 10 10 8 8 6 5 5 5 4 4
Depreciation 4 4 4 4 3 3 3 2 2 2 2 2 2
Profit before tax -3 8 -1 -22 -14 32 -25 -2 2 20 9 -18 16
Tax % 0% 0% -58% 2% 0% 0% 0% 0% 0% 6% 10% 16% 4%
Net Profit -3 8 -1 -21 -14 32 -25 -2 2 19 8 -15 16
EPS in Rs -1.62 3.80 -0.63 -9.90 -6.54 14.88 -11.94 -0.97 0.88 8.85 3.84 -7.05 7.36

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
744 668 782 947 855 793 650 627 705 615 391 368 419
638 636 708 892 809 757 632 590 662 600 364 344 388
Operating Profit 105 32 75 55 46 37 19 37 44 14 27 24 31
OPM % 14% 5% 10% 6% 5% 5% 3% 6% 6% 2% 7% 7% 7%
3 6 8 14 8 7 35 15 11 26 7 17 23
Interest 20 29 28 36 41 46 48 45 45 42 32 19 18
Depreciation 22 25 25 29 21 19 19 16 17 16 12 9 9
Profit before tax 67 -15 29 4 -7 -22 -13 -9 -7 -18 -10 13 28
Tax % 19% 39% 30% -32% 55% -4% -1% -16% -23% 0% 0% -5%
Net Profit 54 -9 21 6 -3 -23 -14 -11 -9 -18 -10 14 28
EPS in Rs 25.39 -4.34 9.65 2.61 -1.50 -10.62 -6.38 -4.99 -4.12 -8.34 -4.56 6.52 13.00
Dividend Payout % 18% -12% 21% 29% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -11%
3 Years: -19%
TTM: 7%
Compounded Profit Growth
10 Years: 13%
5 Years: 18%
3 Years: 50%
TTM: 111%
Stock Price CAGR
10 Years: 1%
5 Years: 3%
3 Years: 33%
1 Year: 38%
Return on Equity
10 Years: -3%
5 Years: -3%
3 Years: -3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
23 23 23 23 23 23 21 35 33 33 33 33
Reserves 187 177 192 196 190 168 263 256 247 227 215 230
233 222 278 341 368 381 357 327 298 271 158 118
183 170 194 210 205 207 194 229 241 210 144 147
Total Liabilities 625 590 685 769 785 777 836 834 807 729 538 517
234 225 211 241 236 235 355 350 340 327 234 232
CWIP 2 4 27 6 10 1 5 8 8 7 6 4
Investments 18 18 24 32 28 28 29 36 36 25 44 39
371 343 423 489 510 513 447 440 423 370 255 242
Total Assets 625 590 685 769 785 777 836 834 807 729 538 517

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
35 65 18 18 47 41 45 52 92 55 66 59
-26 -19 -45 -35 -19 -6 34 -11 -16 13 81 1
-11 -46 27 21 -16 -32 -73 -60 -75 -69 -147 -60
Net Cash Flow -1 -0 0 4 12 3 5 -20 1 -1 -0 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 44 42 53 58 55 57 54 54 46 45 50 33
Inventory Days 176 142 159 127 128 153 199 241 200 184 215 348
Days Payable 77 55 57 57 70 95 144 176 159 156 158 206
Cash Conversion Cycle 143 129 155 128 113 115 109 119 87 74 108 175
Working Capital Days 79 68 80 75 85 99 115 96 73 71 75 74
ROCE % 21% 3% 13% 8% 6% 4% 1% 6% 6% 3% 5% 8%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.74 68.74 68.74 68.74 68.74 68.74 69.05 69.05 69.08 69.08 69.08 69.08
5.85 5.50 5.19 5.19 5.19 5.13 4.55 3.87 2.96 1.69 1.36 1.33
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
25.38 25.72 26.03 26.03 26.03 26.09 26.37 27.05 27.93 29.19 29.53 29.56

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