Jay Shree Tea & Industries Ltd

₹ 93.9 -2.49%
27 Jan - close price
About

Incorporated in 1945, Jay Shree Tea & Industries Ltd. is a part of the diversified conglomerate of B.K Birla Group. The Co. is principally engaged in the manufacture of tea, chemical & fertilisers and sugar. It is the third-largest tea producer in the world & 2nd largest tea producer in India. [1][2]

Key Points

Plants & Facilities
Tea: The Co. has 22 tea estates across India with plantations in Assam, West Bengal, Karnataka, Kerala and Tamil Nadu. [1][2]
Chemicals & Fertilizers: The Co. has two chemical & fertilizers manufacturing capacities located in Khardah, West Bengal and Gurugram, Haryana respectively. The facility in Khardah is engaged in the manufacturing of Single Super Phosphate and the facility in Gurugram is engaged in the manufacturing of Sulphuric Acid and Oleum. [3]
Sugar: The Co. has a wholly-owned subsidiary called Majhaulia Sugar Industries Pvt Ltd in West Bengal engaged in the manufacturing of sugar and ethanol. [4]

  • Market Cap 271 Cr.
  • Current Price 93.9
  • High / Low 124 / 73.6
  • Stock P/E 8.07
  • Book Value 83.8
  • Dividend Yield 0.00 %
  • ROCE -2.28 %
  • ROE 0.56 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.12 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.09% over past five years.
  • Company has a low return on equity of -14.1% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
192 202 159 156 265 217 164 159 203 226 138 161 238
178 212 212 144 184 205 208 152 162 211 203 149 199
Operating Profit 15 -10 -53 12 81 12 -44 7 41 15 -65 13 40
OPM % 8% -5% -34% 8% 31% 5% -27% 4% 20% 7% -47% 8% 17%
8 5 40 6 5 4 1 4 2 1 26 -54 3
Interest 16 16 13 13 13 12 10 9 10 10 10 8 10
Depreciation 6 6 7 6 6 6 6 6 6 6 6 6 6
Profit before tax 1 -26 -33 -2 67 -2 -60 -4 27 0 -55 -54 27
Tax % 49% 2% -38% -3% -0% 1% -1% 1% -0% -7,076% 22% 0% 2%
Net Profit 3 -25 -66 -2 67 -2 -44 -4 27 24 -24 -54 26
EPS in Rs 1.16 -8.66 -22.80 -0.68 23.15 -0.73 -15.14 -1.23 9.46 8.20 -8.25 -18.78 9.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
513 663 710 745 721 744 723 755 757 717 802 726 764
434 611 625 721 702 704 676 743 735 766 741 727 761
Operating Profit 79 52 85 24 19 40 47 12 22 -48 61 -1 2
OPM % 15% 8% 12% 3% 3% 5% 7% 2% 3% -7% 8% -0% 0%
13 28 30 48 22 28 26 48 42 61 15 32 -24
Interest 25 42 42 51 51 48 42 43 49 59 48 38 38
Depreciation 12 16 14 17 16 19 18 18 19 25 25 24 24
Profit before tax 55 23 59 4 -26 2 13 0 -4 -71 3 -31 -83
Tax % 10% 3% 24% -32% 10% 497% 57% -2,688% 2% -16% 22% 113%
Net Profit 49 22 45 5 -23 -7 17 34 -4 -102 19 24 -28
EPS in Rs 21.57 7.06 15.38 1.68 -7.92 -2.82 5.88 11.85 -1.22 -35.38 6.60 8.18 -9.74
Dividend Payout % 14% 35% 26% 119% -13% -36% 7% 3% -22% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 0%
3 Years: -1%
TTM: 3%
Compounded Profit Growth
10 Years: -22%
5 Years: -34%
3 Years: 28%
TTM: 305%
Stock Price CAGR
10 Years: -2%
5 Years: -2%
3 Years: 21%
1 Year: -8%
Return on Equity
10 Years: -4%
5 Years: -8%
3 Years: -14%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
14 14 14 14 14 14 11 11 11 11 24 26 11
Reserves 383 398 428 440 410 386 286 322 311 203 224 258 231
484 492 497 571 497 429 440 468 515 511 377 419 398
142 186 224 221 264 278 322 330 423 455 333 258 294
Total Liabilities 1,021 1,090 1,163 1,247 1,186 1,107 1,060 1,131 1,260 1,180 945 947 934
325 339 349 383 373 384 317 323 343 448 464 463 459
CWIP 3 7 5 11 19 8 16 22 104 29 17 8 6
Investments 255 268 295 293 280 283 251 296 288 186 134 132 16
437 476 514 560 513 432 476 490 526 516 330 344 454
Total Assets 1,021 1,090 1,163 1,247 1,186 1,107 1,060 1,131 1,260 1,180 945 947 934

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-49 66 89 63 67 81 51 11 63 8 121 -27
-106 -51 24 -27 28 -31 -18 9 -69 67 105 34
147 -52 -61 8 -127 -118 -32 -17 -4 -63 -238 -6
Net Cash Flow -8 -37 52 44 -32 -68 1 2 -10 12 -11 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 41 42 38 44 42 41 36 29 29 26 28
Inventory Days 433 290 341 265 292 291 358 291 374 349 191 189
Days Payable 132 140 162 144 207 217 298 257 354 317 134 74
Cash Conversion Cycle 340 191 221 159 129 116 101 70 50 62 83 143
Working Capital Days 163 123 69 79 47 27 23 25 12 1 12 36
ROCE % 12% 7% 10% 2% 2% 5% 6% 2% 4% -5% 7% -2%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
50.38 50.38 50.38 50.38 50.38 50.38 50.38 50.38 50.43 50.43 50.43 50.43
5.13 5.13 4.85 4.85 4.85 4.85 5.14 5.28 5.27 4.93 4.89 5.00
2.36 1.50 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.81
42.12 42.98 43.95 43.96 43.96 43.96 43.66 43.53 43.49 43.83 43.87 43.76

* 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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