Rossell India Ltd

About [ edit ]

Rossell India Ltd was incorporated in 1994 by Mr. H.M. Gupta # as Rossell Tea Ltd. It added Aviation and Defence manufacturing and service capabilities for its growth. On 19th April 2011, the company named itself Rossell India Ltd to represent its diverse business. The company has two divisions, namely Tea and Aerospace Defence (Engineering, Manufacturing, and Services). It has spent 27 years in the Tea division and 9 years in the A&D division. # The company’s promoter has around three decades of experience in the tea industry. In FY 2013, the company entered the hospitality division but was discontinued from October 1, 2019. #

Key Points [ edit ]
  • Market Cap 444 Cr.
  • Current Price 121
  • High / Low 178 / 37.5
  • Stock P/E 11.8
  • Book Value 63.4
  • Dividend Yield 0.17 %
  • ROCE 13.1 %
  • ROE 10.6 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 46.79% CAGR over last 5 years

Cons

  • Company has a low return on equity of 3.79% for last 3 years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
37.40 43.51 74.35 83.54 47.28 66.18 104.45 90.59 54.20 63.69 100.63 91.43
53.61 41.02 50.48 75.77 60.71 53.04 67.83 81.84 64.63 44.36 50.08 77.06
Operating Profit -16.21 2.49 23.87 7.77 -13.43 13.14 36.62 8.75 -10.43 19.33 50.55 14.37
OPM % -43.34% 5.72% 32.10% 9.30% -28.41% 19.85% 35.06% 9.66% -19.24% 30.35% 50.23% 15.72%
Other Income 0.56 0.03 0.09 0.03 0.04 0.41 0.80 -0.81 2.66 0.32 -1.12 0.80
Interest 1.47 2.85 3.11 2.52 2.06 2.62 2.88 2.77 2.51 4.84 4.32 3.89
Depreciation 2.85 2.40 2.69 2.61 2.26 2.32 2.35 2.18 2.19 2.24 3.35 3.32
Profit before tax -19.97 -2.73 18.16 2.67 -17.71 8.61 32.19 2.99 -12.47 12.57 41.76 7.96
Tax % 26.29% 0.00% 10.79% 16.10% 14.51% 16.14% 12.49% 34.11% -50.84% 27.45% 5.39% 10.05%
Net Profit -14.72 -2.73 16.20 2.24 -15.14 7.22 28.17 1.97 -18.81 9.12 39.51 7.16
EPS in Rs -4.01 -0.74 4.41 0.61 -4.13 1.97 7.68 0.54 -5.13 2.49 10.77 1.95

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
58 76 77 82 106 141 140 161 163 198 249 309 310
45 50 51 56 77 104 121 138 160 185 228 260 236
Operating Profit 12 27 26 26 29 37 20 23 4 13 21 49 74
OPM % 21% 35% 34% 31% 28% 26% 14% 14% 2% 7% 8% 16% 24%
Other Income 1 2 1 -0 15 5 3 5 3 2 0 4 3
Interest 2 2 1 1 2 9 7 7 6 7 11 12 16
Depreciation 1 2 2 2 3 4 10 10 9 10 10 9 11
Profit before tax 10 25 24 23 39 29 6 12 -8 -2 0 32 50
Tax % 31% 23% 20% 18% 22% 29% 30% 21% 83% 115% -46% 42%
Net Profit 7 19 19 19 30 20 4 10 -1 0 1 19 37
EPS in Rs 1.90 5.26 5.25 5.10 8.25 5.56 1.09 2.61 -0.36 0.07 0.16 5.05 10.08
Dividend Payout % 16% 8% 8% 8% 6% 9% 46% 19% -56% 0% 0% 4%
Compounded Sales Growth
10 Years:15%
5 Years:17%
3 Years:24%
TTM:0%
Compounded Profit Growth
10 Years:-0%
5 Years:47%
3 Years:95%
TTM:62%
Stock Price CAGR
10 Years:9%
5 Years:3%
3 Years:10%
1 Year:211%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:4%
Last Year:11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 109 127 144 160 187 205 203 211 162 161 162 179 225
Borrowings 22 27 13 9 58 58 55 72 81 100 130 195 185
9 10 10 10 18 24 26 29 26 29 39 52 69
Total Liabilities 147 172 174 187 271 294 292 318 277 298 338 433 486
108 112 112 117 181 197 199 212 174 176 172 166 245
CWIP 0 0 0 0 0 2 1 2 6 8 15 92 12
Investments 23 35 36 37 61 68 49 46 21 18 19 19 19
16 24 27 32 29 28 43 57 77 96 132 156 210
Total Assets 147 172 174 187 271 294 292 318 277 298 338 433 486

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 20 14 21 21 24 -2 7 -4 -3 -5 30
-19 -17 -2 -9 -74 -24 7 -18 5 -8 -13 -82
13 4 -14 -7 48 -3 -5 12 1 9 19 51
Net Cash Flow 0 6 -3 5 -5 -3 -0 2 2 -3 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % 10% 18% 16% 14% 13% 13% 4% 6% -2% 2% 4% 13%
Debtor Days 3 2 13 27 24 9 46 46 41 27 27 31
Inventory Turnover 1.93 1.86 1.65 2.34 1.81 1.87 1.81 1.25 1.20 1.09 1.07 1.10

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
74.74 74.86 74.86 74.86 74.87 74.87 74.87 74.91 74.91 74.91 74.91 74.91
7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.67 7.47 7.41 7.29
0.72 0.65 0.65 0.53 0.34 0.24 0.26 0.25 0.25 0.25 0.25 0.25
16.87 16.82 16.82 16.94 17.12 17.22 17.20 17.17 17.17 17.37 17.43 17.55

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