Goodricke Group Ltd
Incorporated in 1977, Goodricke Group Limited (GGL) is engaged in producing CTC and Orthodox tea. Almost 90% of the tea produced by GGL comprises of CTC variety with the balance 10% being of Orthodox quality.
GGL is a subsidiary of Camellia Plc, UK which is holding 74% in the company through its various subsidiaries.
- Market Cap ₹ 379 Cr.
- Current Price ₹ 176
- High / Low ₹ 257 / 161
- Stock P/E
- Book Value ₹ 143
- Dividend Yield 1.71 %
- ROCE 2.16 %
- ROE -0.10 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.84% over past five years.
- Company has a low return on equity of 2.58% over last 3 years.
- Earnings include an other income of Rs.19.2 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.
Peer comparison
Sector: Plantation & Plantation Products Industry: Tea
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
460 | 540 | 579 | 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 882 | |
404 | 503 | 523 | 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 873 | |
Operating Profit | 56 | 36 | 56 | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 9 |
OPM % | 12% | 7% | 10% | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 1% |
8 | 8 | 10 | 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 19 | |
Interest | 3 | 5 | 5 | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 6 |
Depreciation | 11 | 12 | 13 | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 |
Profit before tax | 50 | 27 | 49 | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 3 |
Tax % | 26% | 27% | 31% | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | 113% |
Net Profit | 37 | 20 | 33 | 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -0 |
EPS in Rs | 17.32 | 9.26 | 15.44 | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -0.15 |
Dividend Payout % | 23% | 43% | 29% | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 4% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -106% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | -10% |
3 Years: | 5% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |
Reserves | 149 | 159 | 181 | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 289 |
21 | 42 | 8 | 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 68 | |
128 | 131 | 150 | 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 261 | |
Total Liabilities | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 |
86 | 95 | 98 | 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 317 | |
CWIP | 4 | 1 | 2 | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 33 |
Investments | 0 | 0 | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 |
230 | 257 | 261 | 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 289 | |
Total Assets | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 |
Cash Flows
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 17 | 62 | 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | 10 | |
-23 | -18 | -13 | -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | -18 | |
6 | 6 | -50 | -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | 10 | |
Net Cash Flow | -13 | 5 | -1 | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 | 2 |
Ratios
Figures in Rs. Crores
Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 56 | 58 | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 | 27 |
Inventory Days | 320 | 256 | 276 | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 | 181 |
Days Payable | 162 | 125 | 146 | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 | 169 |
Cash Conversion Cycle | 222 | 186 | 188 | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 | 40 |
Working Capital Days | 76 | 77 | 65 | 67 | 33 | 29 | 38 | 39 | 27 | 37 | 28 | 34 |
ROCE % | 31% | 16% | 25% | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 2% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May
- Announcement under Regulation 30 (LODR)-Change in Directorate 25 May
- Audited Financial Results 25 May
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Submission of Annual Secretarial Compliance Report under Reg 24A.
- Board Meeting Intimation for Board Meeting To Inter-Alia Consider The Audited Financial Results For The Financial Year Ended 31St March, 2023. 11 May
Largest producer of Darjeeling Tea
GGL is the leading producer of Darjeeling Tea and is well known for its iconic tea gardens as well as the authentic tea-making process. GGL's brand Goodricke holds high heritage value. GGL is an established player in the bulk tea industry. [1]