The Grob Tea Co Ltd

₹ 838 3.36%
31 Jan - close price
About

Incorporated in 1895, TGTCL produces black tea of crush, tear and curl (CTC) variety, which it sells in the domestic market through a mix of auction and private sales. The company was taken over by the current management – the Rawalwasia Group in May 2009.

Key Points

Business Overview
The company has six tea gardens located in upper Assam and Cachar district. The gardens are spread over 5,676 hectares, of which around 46% is under tea cultivation. These gardens have the capacity to produce around 47 Lacs kg of premium Assam tea. Three of the company’s gardens are now Trustea certified by the Government/ Tea Board.
In FY2019, the company ventured into supply, installation and maintenance of LED lights to various Government entities/ departments.

  • Market Cap 97.4 Cr.
  • Current Price 838
  • High / Low 1,235 / 710
  • Stock P/E 11.7
  • Book Value 838
  • Dividend Yield 0.24 %
  • ROCE 6.78 %
  • ROE 5.37 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.00 times its book value
  • Company has delivered good profit growth of 20.1% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 4.57% over past five years.
  • Earnings include an other income of Rs.3.11 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
30 24 12 14 51 28 16 11 37 36 9 18 44
16 22 25 10 18 22 30 10 22 32 22 15 28
Operating Profit 14 2 -13 4 33 6 -14 1 15 3 -13 3 16
OPM % 47% 9% -106% 29% 65% 23% -85% 6% 39% 10% -145% 17% 36%
0 0 0 0 0 0 1 1 0 0 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 13 2 -14 3 33 6 -14 1 14 3 -13 3 16
Tax % 0% 0% -8% 0% 0% 0% 0% 0% 0% 0% -7% 0% 0%
Net Profit 13 2 -15 3 33 6 -14 1 14 3 -14 3 16
EPS in Rs 110.99 14.28 -130.69 29.77 281.25 52.48 -122.34 4.39 122.17 27.88 -118.73 24.18 138.35
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Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
51 50 59 60 61 77 74 77 80 82 110 93 107
42 42 51 54 57 67 68 71 75 76 81 87 98
Operating Profit 10 8 7 6 4 10 6 5 4 6 30 6 9
OPM % 19% 16% 13% 10% 7% 14% 8% 7% 5% 7% 27% 7% 9%
1 0 5 2 1 1 1 1 1 1 1 2 3
Interest 1 1 1 1 1 1 1 0 1 1 1 0 0
Depreciation 1 1 2 2 3 4 4 3 3 2 2 3 3
Profit before tax 9 7 10 5 1 6 2 3 2 3 28 5 9
Tax % 14% 24% 12% 16% 34% 24% 10% 29% 23% 42% -0% 17%
Net Profit 8 5 8 4 1 5 2 2 1 2 28 4 8
EPS in Rs 64.96 45.94 73.13 32.87 8.26 40.35 14.54 15.92 12.05 14.20 241.07 35.71 71.68
Dividend Payout % 2% 3% 3% 6% 24% 5% 14% 13% 17% 14% 1% 6%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 5%
TTM: 15%
Compounded Profit Growth
10 Years: -3%
5 Years: 20%
3 Years: 43%
TTM: 26%
Stock Price CAGR
10 Years: %
5 Years: -12%
3 Years: 25%
1 Year: -26%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 18%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
1 1 1 1 1 1 1 1 1 1 1 1 1
Reserves 10 15 24 27 30 36 38 40 43 46 74 77 96
4 4 7 2 14 8 3 4 6 10 3 3 10
9 8 9 9 11 13 13 15 19 15 14 17 16
Total Liabilities 24 28 41 40 57 58 55 61 69 72 93 99 124
15 18 34 33 45 42 40 37 35 33 34 34 34
CWIP 1 2 0 0 0 0 2 3 3 4 5 6 6
Investments 0 0 0 0 0 2 1 7 7 2 2 5 5
8 8 7 7 12 14 12 13 24 33 52 53 79
Total Assets 24 28 41 40 57 58 55 61 69 72 93 99 124

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 6 11 6 5 6 5 9 -2 -7 25 12
-3 -5 -15 -0 -12 -2 1 -10 1 5 -17 -11
-5 -1 3 -6 11 -8 -6 1 1 2 -8 -1
Net Cash Flow -0 -0 -1 -0 4 -3 -0 -0 1 -0 -0 0

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 5 5 6 2 4 4 3 7 21 13 9 7
Inventory Days
Days Payable
Cash Conversion Cycle 5 5 6 2 4 4 3 7 21 13 9 7
Working Capital Days -25 -20 -10 -11 -8 0 1 -5 24 75 75 84
ROCE % 69% 43% 24% 17% 6% 15% 6% 7% 5% 8% 42% 7%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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