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 ₹ 436 Cr.
- Current Price ₹ 202
- High / Low ₹ 271 / 167
- Stock P/E
- Book Value ₹ 167
- Dividend Yield 1.49 %
- ROCE 3.93 %
- ROE 1.65 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 52.0%
Cons
- The company has delivered a poor sales growth of 3.93% over past five years.
- Company has a low return on equity of 4.40% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.12.2 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 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
399 | 460 | 540 | 579 | 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 850 | |
334 | 404 | 503 | 523 | 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 830 | |
Operating Profit | 65 | 56 | 36 | 56 | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 20 |
OPM % | 16% | 12% | 7% | 10% | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 2% |
9 | 8 | 8 | 10 | 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 12 | |
Interest | 2 | 3 | 5 | 5 | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 5 |
Depreciation | 9 | 11 | 12 | 13 | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 |
Profit before tax | 63 | 50 | 27 | 49 | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 5 |
Tax % | 29% | 26% | 27% | 31% | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | |
Net Profit | 45 | 37 | 20 | 33 | 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -14 |
EPS in Rs | 20.83 | 17.32 | 9.26 | 15.44 | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -6.46 |
Dividend Payout % | 24% | 23% | 43% | 29% | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | 3% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | -18% |
5 Years: | -31% |
3 Years: | -18% |
TTM: | -178% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | -13% |
3 Years: | 3% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | |
Reserves | 122 | 149 | 159 | 181 | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 339 |
0 | 21 | 42 | 8 | 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 120 | |
106 | 128 | 131 | 150 | 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 289 | |
Total Liabilities | 249 | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 770 |
78 | 86 | 95 | 98 | 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 306 | |
CWIP | 4 | 4 | 1 | 2 | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 40 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 |
168 | 230 | 257 | 261 | 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 423 | |
Total Assets | 249 | 320 | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 770 |
Cash Flows
Figures in Rs. Crores
Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
52 | 4 | 17 | 62 | 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | |
-23 | -23 | -18 | -13 | -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | |
-21 | 6 | 6 | -50 | -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | |
Net Cash Flow | 9 | -13 | 5 | -1 | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 |
Ratios
Figures in Rs. Crores
Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37 | 64 | 56 | 58 | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 |
Inventory Days | 344 | 320 | 256 | 276 | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 |
Days Payable | 174 | 162 | 125 | 146 | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 |
Cash Conversion Cycle | 206 | 222 | 186 | 188 | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 |
Working Capital Days | 40 | 76 | 77 | 65 | 67 | 33 | 29 | 38 | 39 | 27 | 37 | 28 |
ROCE % | 49% | 31% | 16% | 25% | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% |
Documents
Announcements
- Board Meeting Intimation for Intimation Of Board Meeting 24 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan
-
Announcement under Regulation 30 (LODR)-Credit Rating
11 Jan - Of Ratings As per Regulation 30(6) of the SEBI (LODR) Regulations, 2015
- Closure of Trading Window 27 Dec 2022
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Dec 2022
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]