Gillanders Arbuthnot & Company Ltd

₹ 60.0 -3.46%
01 Jul - 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 128 Cr.
  • Current Price 60.0
  • High / Low 93.8 / 43.4
  • Stock P/E 7.83
  • Book Value 126
  • Dividend Yield 0.00 %
  • ROCE 7.46 %
  • ROE 6.11 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.47 times its book value
  • Company has delivered good profit growth of 18.88% CAGR over last 5 years
  • Debtor days have improved from 44.86 to 35.59 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.81% over past five years.
  • Company has a low return on equity of -2.88% for last 3 years.
  • Earnings include an other income of Rs.17.42 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
171.69 191.34 159.61 137.39 72.29 144.85 101.43 112.19 71.01 129.87 113.76 91.77
159.06 168.93 154.49 149.06 73.20 109.47 105.16 112.39 67.48 108.35 102.08 98.72
Operating Profit 12.63 22.41 5.12 -11.67 -0.91 35.38 -3.73 -0.20 3.53 21.52 11.68 -6.95
OPM % 7.36% 11.71% 3.21% -8.49% -1.26% 24.43% -3.68% -0.18% 4.97% 16.57% 10.27% -7.57%
5.58 2.89 7.48 10.46 1.95 4.29 -12.53 13.41 6.09 3.48 5.52 2.34
Interest 12.35 12.31 10.99 12.07 11.50 9.73 8.62 7.05 6.49 6.26 5.67 4.87
Depreciation 4.83 4.99 5.08 4.76 4.41 4.01 4.26 3.35 3.16 3.23 3.08 2.97
Profit before tax 1.03 8.00 -3.47 -18.04 -14.87 25.93 -29.14 2.81 -0.03 15.51 8.45 -12.45
Tax % 123.30% -4.62% 9.51% -12.03% 0.74% 0.00% -0.48% 11.74% 0.00% 8.45% 10.77% 56.87%
Net Profit -0.25 8.38 -3.15 -20.20 -14.76 25.93 -29.27 2.48 -0.04 14.20 7.54 -5.37
EPS in Rs -0.12 3.93 -1.48 -9.46 -6.92 12.15 -13.71 1.16 -0.02 6.65 3.53 -2.52

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
324 355 863 817 681 665 751 660 431 406
313 333 821 812 653 615 686 632 400 377
Operating Profit 12 22 42 5 28 50 65 28 31 30
OPM % 4% 6% 5% 1% 4% 7% 9% 4% 7% 7%
11 11 9 12 30 21 12 26 7 17
Interest 9 10 42 51 54 50 50 48 37 23
Depreciation 8 9 21 19 22 24 20 20 16 12
Profit before tax 5 14 -12 -53 -18 -4 7 -12 -15 11
Tax % 7% 21% 27% -4% -4% -112% 95% -22% -2% -42%
Net Profit 6 11 -9 -55 -19 -9 0 -15 -16 16
EPS in Rs 6.69 -4.16 -25.93 -8.83 -4.02 0.15 -7.13 -7.32 7.66
Dividend Payout % 44% 25% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: -19%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 288%
TTM: 207%
Stock Price CAGR
10 Years: -1%
5 Years: -2%
3 Years: 13%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: -2%
3 Years: -3%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 11 23 23 21 35 33 33 33 21
Reserves 95 107 266 155 262 271 268 255 231 248
94 91 454 478 449 410 379 354 215 183
61 72 244 211 203 239 256 226 157 144
Total Liabilities 261 281 985 865 936 942 925 857 624 597
97 112 421 310 441 432 427 421 315 312
CWIP 13 10 11 4 9 17 14 15 14 12
Investments 25 13 28 28 29 34 29 17 8 3
126 145 525 522 457 460 454 404 287 271
Total Assets 261 281 985 865 936 942 925 857 624 597

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
35 42 38 40 47 69 102 73 68 69
-22 -31 -44 -8 41 -14 -18 1 108 -2
-15 -12 18 -30 -83 -74 -82 -73 -178 -68
Net Cash Flow -2 -1 13 3 5 -20 1 1 -2 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 29 26 56 57 54 53 47 45 54 36
Inventory Days 116 130 135 156 207 253 219 206 240 389
Days Payable 86 82 72 96 148 180 166 164 163 220
Cash Conversion Cycle 60 74 119 117 113 126 100 87 130 204
Working Capital Days 64 72 88 99 107 90 71 52 82 106
ROCE % 11% -0% 1% 6% 8% 4% 4% 7%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
68.74 68.74 68.74 68.74 68.74 68.74 68.74 69.05 69.05 69.08 69.08 69.08
5.89 5.85 5.50 5.19 5.19 5.19 5.13 4.55 3.87 2.96 1.69 1.36
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
25.33 25.38 25.72 26.03 26.03 26.03 26.09 26.37 27.05 27.93 29.19 29.53

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