The Grob Tea Co Ltd

Grob Tea Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

The Grob Tea Co Ltd

₹ 934 1.92%
19 Apr - close price
Company website NSE : GROBTEA
About

Incorporated in 1895, Grob Tea Co. Ltd is engaged in growing and manufacture of Tea and LED trading business[1]

Key Points

Business Overview:[1][2]
Company is engaged in Cultivation and Manufacturing of Tea, trading of LED lights and related products. It 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. 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

Website NSE
  • Market Cap ₹ 109 Cr.
  • Current Price ₹ 934
  • High / Low ₹ 1,087 / 735
  • Stock P/E
  • Book Value ₹ 768
  • Dividend Yield 0.21 %
  • ROCE 4.74 %
  • ROE 0.74 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.87% over past five years.
  • Earnings include an other income of Rs.4.53 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
28.30 16.50 10.91 37.09 35.88 9.12 17.59 44.48 27.31 12.88 20.96 29.56 34.03
21.82 30.45 10.22 22.48 32.42 21.96 14.63 28.47 27.07 28.17 18.91 20.29 30.58
Operating Profit 6.48 -13.95 0.69 14.61 3.46 -12.84 2.96 16.01 0.24 -15.29 2.05 9.27 3.45
OPM % 22.90% -84.55% 6.32% 39.39% 9.64% -140.79% 16.83% 35.99% 0.88% -118.71% 9.78% 31.36% 10.14%
0.22 0.53 0.63 0.33 0.50 0.81 0.64 0.74 0.46 1.58 1.50 1.17 0.28
Interest 0.03 0.11 0.18 0.16 0.03 0.07 0.15 0.01 0.09 0.18 0.40 0.31 0.22
Depreciation 0.57 0.70 0.63 0.59 0.69 0.84 0.63 0.67 0.68 1.21 0.84 0.98 1.01
Profit before tax 6.10 -14.23 0.51 14.19 3.24 -12.94 2.82 16.07 -0.07 -15.10 2.31 9.15 2.50
Tax % 0.00% 0.07% 0.00% 0.00% 0.00% -6.65% 0.00% 0.00% 0.00% -20.53% 0.00% 0.00% 0.00%
6.10 -14.22 0.51 14.20 3.24 -13.80 2.81 16.08 -0.07 -18.21 2.32 9.15 2.49
EPS in Rs 52.48 -122.34 4.39 122.17 27.88 -118.73 24.18 138.35 -0.60 -156.67 19.96 78.72 21.42
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Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
50.42 58.73 60.10 61.02 77.18 74.37 76.87 79.78 82.39 110.28 92.99 102.26 97.43
42.35 51.28 54.07 56.73 66.70 68.44 71.41 75.40 76.22 80.55 86.94 98.33 97.95
Operating Profit 8.07 7.45 6.03 4.29 10.48 5.93 5.46 4.38 6.17 29.73 6.05 3.93 -0.52
OPM % 16.01% 12.69% 10.03% 7.03% 13.58% 7.97% 7.10% 5.49% 7.49% 26.96% 6.51% 3.84% -0.53%
0.38 4.53 1.75 1.45 0.55 0.57 0.86 0.90 0.60 1.19 2.14 3.42 4.53
Interest 0.53 0.62 0.79 0.83 0.91 0.84 0.39 0.62 1.47 0.60 0.44 0.44 1.11
Depreciation 0.90 1.73 2.44 3.46 3.92 3.79 3.34 2.85 2.46 2.32 2.74 3.20 4.04
Profit before tax 7.02 9.63 4.55 1.45 6.20 1.87 2.59 1.81 2.84 28.00 5.01 3.71 -1.14
Tax % 23.93% 11.63% 15.82% 34.48% 24.19% 10.16% 28.96% 23.20% 41.90% -0.04% 17.17% 83.56%
5.34 8.50 3.82 0.96 4.69 1.69 1.85 1.40 1.65 28.02 4.15 0.60 -4.25
EPS in Rs 45.94 73.13 32.87 8.26 40.35 14.54 15.92 12.05 14.20 241.07 35.71 5.16 -36.57
Dividend Payout % 3.26% 2.73% 6.07% 24.17% 4.95% 13.73% 12.54% 16.57% 14.06% 1.24% 5.59% 38.67%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 7%
TTM: -1%
Compounded Profit Growth
10 Years: -20%
5 Years: -21%
3 Years: -30%
TTM: -185%
Stock Price CAGR
10 Years: %
5 Years: 19%
3 Years: 6%
1 Year: 24%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 15%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16 1.16
Reserves 15.48 23.72 27.27 30.49 35.93 38.15 40.40 42.54 45.66 74.14 77.25 76.59 88.14
3.51 6.94 2.39 14.07 7.50 2.73 4.46 6.41 10.49 3.36 3.12 11.88 14.29
8.19 9.42 9.25 11.38 13.24 12.85 14.71 18.68 14.93 14.48 17.01 17.98 19.28
Total Liabilities 28.34 41.24 40.07 57.10 57.83 54.89 60.73 68.79 72.24 93.14 98.54 107.61 122.87
18.50 33.71 33.24 44.61 41.62 40.33 37.25 34.86 33.39 33.68 33.95 37.73 39.58
CWIP 1.57 0.00 0.00 0.00 0.00 1.60 3.17 3.37 3.73 4.51 5.84 6.82 8.24
Investments 0.22 0.22 0.22 0.22 2.24 0.97 7.07 6.52 2.24 2.47 5.29 3.77 4.18
8.05 7.31 6.61 12.27 13.97 11.99 13.24 24.04 32.88 52.48 53.46 59.29 70.87
Total Assets 28.34 41.24 40.07 57.10 57.83 54.89 60.73 68.79 72.24 93.14 98.54 107.61 122.87

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5.77 11.21 5.87 4.67 6.17 5.10 8.75 -1.79 -7.23 25.19 12.21 4.02
-4.94 -15.08 -0.33 -11.55 -1.58 0.63 -9.97 1.32 4.68 -17.49 -10.96 -12.51
-0.86 2.62 -5.60 10.57 -7.75 -5.89 1.06 1.05 2.33 -7.97 -1.03 8.08
Net Cash Flow -0.03 -1.25 -0.06 3.69 -3.17 -0.16 -0.16 0.57 -0.22 -0.28 0.23 -0.41

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 5.07 5.72 1.76 4.49 3.69 3.39 6.79 20.91 13.11 9.17 7.07 4.46
Inventory Days
Days Payable
Cash Conversion Cycle 5.07 5.72 1.76 4.49 3.69 3.39 6.79 20.91 13.11 9.17 7.07 4.46
Working Capital Days -19.84 -10.25 -11.24 -7.84 0.43 1.47 -5.27 23.65 75.09 74.57 86.16 128.17
ROCE % 42.73% 24.48% 16.89% 5.85% 15.48% 6.14% 6.77% 5.06% 8.15% 42.05% 6.78% 4.74%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.93% 74.93% 74.93% 74.93% 74.93% 74.92% 74.93% 74.99% 74.99% 74.99% 74.99% 74.99%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
25.01% 25.01% 25.02% 25.01% 25.01% 25.01% 25.02% 24.94% 24.94% 24.94% 24.94% 24.94%
No. of Shareholders 1,8912,0972,2892,3742,3782,3982,3402,2732,2872,2052,1622,087

* 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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