Mcleod Russel India Ltd

About [ edit ]

Mcleod Russel India Ltd is is engaged in cultivation and manufacturing of tea. The tea produced is sold in domestic as well as international markets.

  • Market Cap 252 Cr.
  • Current Price 24.2
  • High / Low 28.4 / 3.80
  • Stock P/E
  • Book Value 184
  • Dividend Yield 0.00 %
  • ROCE -0.10 %
  • ROE -9.79 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.13 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -7.04% over past five years.
  • Promoter holding is low: 17.48%
  • Company has a low return on equity of -4.43% for last 3 years.
  • Promoter holding has decreased over last 3 years: -23.28%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
260.25 581.57 553.10 328.00 232.90 328.85 365.95 215.02 193.30 498.97 447.54
237.87 389.89 540.82 598.67 241.52 222.91 325.93 312.92 215.09 254.24 371.16
Operating Profit 22.38 191.68 12.28 -270.67 -8.62 105.94 40.02 -97.90 -21.79 244.73 76.38
OPM % 8.60% 32.96% 2.22% -82.52% -3.70% 32.22% 10.94% -45.53% -11.27% 49.05% 17.07%
Other Income 40.85 191.98 57.14 94.03 104.03 -44.67 11.39 5.31 3.10 3.40 0.94
Interest 43.78 55.69 48.94 189.16 89.56 56.27 55.54 25.32 58.33 56.24 52.74
Depreciation 20.88 21.76 21.78 19.70 16.31 18.58 20.39 22.67 17.88 29.97 19.56
Profit before tax -1.43 306.21 -1.30 -385.50 -10.46 -13.58 -24.52 -140.58 -94.90 161.92 5.02
Tax % -127.97% 28.09% -2,840.77% 3.90% -11.28% -213.11% 6.32% 49.75% 4.62% 6.15% 79.28%
Net Profit -3.88 220.20 -38.23 -370.45 -11.64 -42.52 -22.97 -70.64 -90.52 151.96 1.04
EPS in Rs -0.35 20.12 -3.66 -35.46 -1.11 -4.07 -2.20 -6.76 -8.67 14.55 0.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
817 1,095 1,256 1,430 1,669 1,789 1,646 1,926 1,871 2,055 1,723 1,143 1,355
634 761 896 1,043 1,288 1,436 1,516 1,754 1,761 1,913 1,767 1,103 1,153
Operating Profit 183 333 360 388 381 353 130 172 110 142 -44 39 201
OPM % 22% 30% 29% 27% 23% 20% 8% 9% 6% 7% -3% 3% 15%
Other Income 34 34 32 34 34 42 43 88 184 392 527 76 13
Interest 83 30 42 57 51 60 72 109 136 180 338 227 193
Depreciation 33 32 38 37 39 38 77 102 104 102 84 78 90
Profit before tax 101 305 313 328 325 297 25 49 55 252 61 -189 -69
Tax % 15% 23% 20% 10% 13% 12% -38% 29% -18% 13% 36% 22%
Net Profit 83 231 246 288 274 257 31 28 59 208 32 -148 -8
EPS in Rs 7.63 21.10 22.52 26.30 25.03 23.49 2.85 2.56 5.35 19.00 3.05 -14.15 -0.78
Dividend Payout % 26% 19% 22% 23% 28% 30% 105% 59% 4% 2% 0% 0%
Compounded Sales Growth
10 Years:0%
5 Years:-7%
3 Years:-15%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:98%
Stock Price CAGR
10 Years:-21%
5 Years:-34%
3 Years:-46%
1 Year:443%
Return on Equity
10 Years:5%
5 Years:-2%
3 Years:-4%
Last Year:-10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
55 55 55 55 55 55 55 41 41 46 44 52 52
Reserves 1,142 1,315 1,462 1,692 1,896 2,102 2,037 1,909 1,918 2,121 1,971 1,802 1,865
Borrowings 417 402 316 263 249 304 602 836 936 1,091 1,812 2,346 2,114
339 404 396 451 434 427 395 604 557 585 733 735 1,182
Total Liabilities 1,954 2,176 2,229 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,559 4,935 5,212
1,642 1,763 1,746 1,860 1,928 2,073 2,165 2,164 2,137 2,120 1,475 1,426 1,412
CWIP 17 17 20 35 40 53 63 96 91 107 89 93 66
Investments 20 35 34 19 17 13 12 78 72 96 101 11 27
275 361 429 547 649 749 848 1,051 1,151 1,520 2,893 3,406 3,708
Total Assets 1,954 2,176 2,229 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,559 4,935 5,212

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
203 287 227 264 208 197 108 207 137 196 280 84
-65 -237 -56 -97 -70 -135 -271 -289 -68 -147 -323 -740
-118 -36 -183 -156 -125 -60 159 85 -64 -28 320 362
Net Cash Flow 19 14 -13 11 13 2 -5 3 5 21 277 -295

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 20% 20% 20% 18% 15% 4% 6% 6% 8% 3% -0%
Debtor Days 11 9 6 8 9 10 19 24 21 22 8 11
Inventory Turnover 2.25 2.50 2.44 2.54 2.81 2.48 2.06 2.32 2.15 2.41 2.19 1.38

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
40.76 41.77 42.71 42.71 31.03 27.00 27.00 27.00 25.82 18.32 17.48 17.48
23.59 22.77 22.54 23.14 21.16 18.45 9.69 0.87 0.64 0.64 0.64 0.69
15.08 18.37 16.96 16.16 16.16 16.15 10.25 9.43 2.34 1.48 1.48 1.48
20.57 17.09 17.80 18.00 31.64 38.40 53.06 62.70 71.20 79.56 80.40 80.35

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