Mcleod Russel India Ltd

₹ 26.0 2.17%
31 Jan - close price
About

Mcleod Russel India Ltd is a part of the Williamson Magor Group. The Co is engaged in the business of cultivation, manufacture and sale of tea in domestic as well as international markets. [1]

Key Points

Geographical Split
Domestic- 77% in FY21 vs 78% in FY18.
Exports- 23% in FY21 vs 22% in FY18.
The Co exports to Vietnam, Uganda, UK, Rwanda etc. [1][2]

  • Market Cap 271 Cr.
  • Current Price 26.0
  • High / Low 41.4 / 18.0
  • Stock P/E
  • Book Value 166
  • Dividend Yield 0.00 %
  • ROCE 0.07 %
  • ROE -10.4 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.16 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.24% over past five years.
  • Promoter holding is low: 6.24%
  • Company has a low return on equity of -7.68% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -20.8%

* 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
329 366 215 193 499 448 299 219 494 389 254 230 425
223 326 313 215 254 371 403 227 313 378 370 224 208
Operating Profit 106 40 -98 -22 245 76 -104 -8 181 11 -116 6 217
OPM % 32% 11% -46% -11% 49% 17% -35% -4% 37% 3% -46% 2% 51%
-45 11 5 3 3 1 13 3 3 5 -1 7 2
Interest 56 56 25 58 56 53 37 46 39 46 35 41 45
Depreciation 19 20 23 18 30 20 23 17 19 19 20 17 18
Profit before tax -14 -25 -141 -95 162 5 -152 -68 126 -50 -171 -45 155
Tax % -213% 6% 50% 5% 6% 79% 24% 2% 3% 12% -13% 15% 16%
Net Profit -43 -23 -71 -91 152 1 -115 -67 123 -44 -193 -38 131
EPS in Rs -4.07 -2.20 -6.76 -8.67 14.55 0.10 -11.00 -6.42 11.74 -4.17 -18.47 -3.66 12.52
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
1,256 1,430 1,669 1,789 1,646 1,926 1,871 2,055 1,723 1,143 1,438 1,356 1,298
896 1,043 1,287 1,436 1,516 1,754 1,761 1,903 1,763 1,101 1,243 1,288 1,181
Operating Profit 360 388 381 353 130 172 110 152 -41 42 195 68 117
OPM % 29% 27% 23% 20% 8% 9% 6% 7% -2% 4% 14% 5% 9%
32 34 34 42 43 88 184 382 523 73 20 10 13
Interest 42 57 51 60 72 109 136 180 338 227 205 165 167
Depreciation 38 37 39 38 77 102 104 102 84 78 90 75 73
Profit before tax 313 328 325 297 25 49 55 252 61 -189 -80 -162 -110
Tax % 20% 10% 13% 12% -38% 29% -18% 13% 36% 22% 34% -12%
Net Profit 246 291 280 261 33 35 64 219 39 -148 -52 -181 -144
EPS in Rs 22.52 26.30 25.03 23.49 2.85 2.56 5.35 19.00 3.05 -14.15 -5.02 -17.32 -13.78
Dividend Payout % 22% 23% 28% 30% 105% 59% 4% 2% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -6%
3 Years: -8%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -7%
TTM: -147%
Stock Price CAGR
10 Years: -23%
5 Years: -31%
3 Years: 82%
1 Year: -7%
Return on Equity
10 Years: 1%
5 Years: -5%
3 Years: -8%
Last Year: -10%

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
55 55 55 55 55 41 41 46 44 52 52 52 52
Reserves 1,462 1,692 1,896 2,102 2,037 1,909 1,918 2,121 1,971 1,802 1,771 1,596 1,679
316 263 249 304 602 836 936 1,091 1,812 2,346 2,261 2,089 2,005
396 451 434 427 395 604 557 585 733 735 824 1,025 1,277
Total Liabilities 2,229 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,559 4,935 4,908 4,763 5,013
1,746 1,860 1,928 2,073 2,165 2,164 2,137 2,120 1,475 1,426 1,397 1,395 1,371
CWIP 20 35 40 53 63 96 91 107 89 93 67 56 60
Investments 34 19 17 13 12 78 72 96 101 11 53 62 57
429 547 649 749 848 1,051 1,151 1,520 2,893 3,406 3,391 3,250 3,526
Total Assets 2,229 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,559 4,935 4,908 4,763 5,013

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
227 264 208 197 108 207 137 196 280 84 178 105
-56 -97 -70 -135 -271 -289 -68 -147 -323 -740 -1 -57
-183 -156 -125 -60 159 85 -64 -28 320 362 -132 -120
Net Cash Flow -13 11 13 2 -5 3 5 21 277 -295 45 -72

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 6 8 9 10 19 24 21 22 8 11 8 13
Inventory Days 341 312 251 281 354 244 274 251 275 1,208 352 288
Days Payable 330 183 112 101 169 132 135 136 212 555 192 204
Cash Conversion Cycle 17 137 148 189 204 135 161 137 71 664 168 97
Working Capital Days -34 -8 5 19 63 95 127 151 -43 -112 -79 -132
ROCE % 20% 20% 18% 15% 4% 6% 6% 8% 3% -0% 3% 0%

Shareholding Pattern

Numbers in percentages

4 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
27.00 25.82 18.32 17.48 17.48 10.07 4.33 6.25 6.25 6.25 6.25 6.25
0.87 0.64 0.64 0.64 0.69 0.88 1.35 1.11 2.21 2.12 4.12 2.04
9.43 2.34 1.48 1.48 1.48 1.48 1.48 1.48 1.48 1.48 1.48 1.48
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
62.70 71.20 79.56 80.40 80.35 87.57 92.84 91.17 90.04 90.15 88.14 90.22

* 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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