Goodricke Group Ltd

Goodricke Group Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Goodricke Group Ltd

₹ 228 3.47%
02 Jul - close price
goodricke.com BSE: 500166
About

Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 492 Cr.
  • Current Price ₹ 228
  • High / Low ₹ 357 / 162
  • Stock P/E 33.4
  • Book Value ₹ 125
  • Dividend Yield 0.00 %
  • ROCE 5.29 %
  • ROE 5.76 %
  • Face Value ₹ 10.0
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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.

Peer comparison

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
89 195 280 307 100 166 241 287 130 197 316 284 132
137 188 224 303 158 163 203 306 198 181 250 297 182
Operating Profit -48 7 56 3 -58 3 39 -19 -67 16 66 -13 -50
OPM % -54% 4% 20% 1% -58% 2% 16% -7% -52% 8% 21% -4% -38%
1 6 4 4 5 2 2 2 4 2 3 3 16
Interest 1 1 2 2 1 2 3 3 3 3 3 2 2
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax -53 7 54 -0 -58 -3 33 -25 -71 10 61 -17 -40
Tax % 7% 21% 26% -26% -22% -36% 0% 1% 6% -22% 1% -3% -9%
-57 6 40 -0 -45 -2 33 -25 -76 12 60 -16 -37
EPS in Rs -26.38 2.58 18.36 -0.11 -20.98 -0.82 15.44 -11.59 -35.11 5.78 27.90 -7.47 -16.93
Raw PDF

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: 6%
5 Years: 5%
3 Years: 0%
1 Year: 12%
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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
0.02% 0.02% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.97% 25.98% 25.97% 25.97% 25.99% 26.00% 26.00% 25.99% 25.99% 25.99% 25.99% 25.99%
No. of Shareholders 13,90613,52813,54413,39513,25312,63812,49412,51012,20212,04211,91411,959

* 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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