Goodricke Group Ltd
₹ 202
2.22%
20 Jun
- close price
About
Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]
Key Points
- Market Cap ₹ 437 Cr.
- Current Price ₹ 202
- High / Low ₹ 357 / 162
- Stock P/E 29.7
- Book Value ₹ 125
- Dividend Yield 0.00 %
- ROCE 5.29 %
- ROE 5.76 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.27% over past five years.
- Company has a low return on equity of -6.34% over last 3 years.
- Earnings include an other income of Rs.24.8 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 579 | 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 882 | 824 | 929 | |
| 523 | 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 873 | 873 | 910 | |
| Operating Profit | 56 | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 9 | -49 | 19 |
| OPM % | 10% | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 1% | -6% | 2% |
| 10 | 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 19 | 14 | 25 | |
| Interest | 5 | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 6 | 10 | 10 |
| Depreciation | 13 | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 | 21 | 20 |
| Profit before tax | 49 | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 3 | -66 | 14 |
| Tax % | 31% | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | 113% | 6% | -43% |
| 33 | 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -0 | -69 | 20 | |
| EPS in Rs | 15.44 | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -0.15 | -32.08 | 9.29 |
| Dividend Payout % | 29% | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -2% |
| 3 Years: | 40% |
| TTM: | 121% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | -3% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -2% |
| 3 Years: | -6% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 181 | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 289 | 220 | 249 |
| 8 | 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 68 | 126 | 77 | |
| 150 | 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 261 | 281 | 294 | |
| Total Liabilities | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 641 |
| 98 | 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 317 | 326 | 307 | |
| CWIP | 2 | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 33 | 24 | 21 |
| Investments | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 261 | 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 289 | 298 | 312 | |
| Total Assets | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 641 |
Cash Flows
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | 10 | -25 | 43 | |
| -13 | -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | -18 | -18 | 9 | |
| -50 | -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | 10 | 44 | -59 | |
| Net Cash Flow | -1 | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 | 2 | 1 | -7 |
Ratios
Figures in Rs. Crores
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 | 27 | 32 | 29 |
| Inventory Days | 276 | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 | 183 | 188 | 179 |
| Days Payable | 146 | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 | 170 | 213 | 203 |
| Cash Conversion Cycle | 188 | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 | 40 | 8 | 6 |
| Working Capital Days | 65 | 67 | 33 | 29 | 38 | 39 | 27 | 37 | 33 | 34 | 37 | 37 |
| ROCE % | 25% | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 1% | -15% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement regarding 49th Annual General Meeting of the Company to be held on Tuesday, 29th July, 2025 at 2:30 P.M. IST through Video Conferencing/Other …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY ended March 31, 2025 confirms full regulatory compliance.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper Publication for the Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2025.
-
Board Meeting Outcome for Audited Financial Results For 31St March, 2025 And 49Th Annual General Meeting
28 May - Audited FY25 results approved; AGM set for 29 July 2025; unmodified auditor's report issued.
- Audited Financial Results For The Quarter And Financial Year Ended 31St March, 2025 28 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2][3]
a) GGL is a subsidiary of Camellia Plc. U.K. (74% stake holder) and is a 2nd largest tea producer in India
b) It cultivates tea across 18 gardens.
c) It operates 22 factories including a processing factory with each tea garden, tea-blending units and an instant tea plant.
d) Company's gardens are spread over an area of 10,311 hectare under cultivation, and are located in West Bengal (73% and 9% of area under cultivation in Dooars and Darjeeling, respectively) and Assam (18% of area under cultivation)
e) GGL sells its produce through a combination of auction sales, private sales and exports
f) Group has 29 tea estates with an area of 17,465 hectare under cultivation, equally spread over West Bengal and Assam
g) GGL is certified by FSSC 22000, Rainforest Alliance Certification, UTZ Certification, and ETP – Ethical Tea Partnership.