Rossell India Ltd

Rossell India Ltd

₹ 493 5.11%
14 Jun - close price
About

Rossell India Ltd was incorporated in 1994 by Mr. H.M. Gupta [1] 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. [2] 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. [3]

Key Points

Business Segments
Rossell Tea Division: 47% in FY23**
The production in North India stands at 66 mn kgs compared to 54 mn kgs in FY22. [1]

  • Market Cap 1,857 Cr.
  • Current Price 493
  • High / Low 550 / 315
  • Stock P/E 139
  • Book Value 78.8
  • Dividend Yield 0.08 %
  • ROCE 6.43 %
  • ROE 4.59 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 6.25 times its book value
  • The company has delivered a poor sales growth of 8.07% over past five years.
  • Company has a low return on equity of 8.15% over last 3 years.
  • Dividend payout has been low at 5.93% of profits over last 3 years
  • Debtor days have increased from 51.0 to 63.2 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
67 65 95 84 55 70 119 97 68 70 118 111 68
82 54 61 72 67 58 72 91 80 63 83 103 80
Operating Profit -16 11 33 12 -12 12 47 6 -12 8 35 8 -12
OPM % -24% 17% 35% 14% -21% 17% 40% 6% -18% 11% 30% 7% -18%
1 7 1 1 2 0 1 1 1 1 1 1 2
Interest 3 3 3 3 2 3 3 3 2 3 4 3 3
Depreciation 3 3 3 3 3 3 4 3 3 4 4 3 3
Profit before tax -21 13 28 6 -14 6 42 0 -17 1 29 3 -17
Tax % -7% 10% 11% 13% 13% 11% 13% 13% 15% 11% 15% 27% 15%
-23 11 25 6 -12 5 36 0 -14 1 24 2 -14
EPS in Rs -6.23 3.08 6.85 1.54 -3.37 1.43 9.88 0.09 -3.84 0.35 6.48 0.50 -3.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
106 141 140 161 163 198 249 309 322 299 354 367
77 104 120 137 159 185 228 260 253 254 301 328
Operating Profit 29 37 20 24 4 13 21 50 69 45 53 38
OPM % 28% 26% 14% 15% 2% 7% 8% 16% 22% 15% 15% 10%
15 4 3 5 3 2 0 3 -0 11 4 5
Interest 2 9 7 7 6 7 11 12 16 10 12 14
Depreciation 3 4 10 10 9 10 10 9 12 12 14 14
Profit before tax 39 29 6 12 -8 -2 0 32 41 33 31 16
Tax % 22% 29% 30% 21% 83% 115% -46% 42% 20% 10% 12% 16%
30 20 4 10 -1 0 1 19 33 30 27 13
EPS in Rs 8.25 5.56 1.09 2.61 -0.36 0.07 0.16 5.05 8.97 8.11 7.26 3.50
Dividend Payout % 6% 9% 46% 19% -56% 0% 0% 4% 3% 4% 6% 9%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: -3%
5 Years: 87%
3 Years: -27%
TTM: -51%
Stock Price CAGR
10 Years: 21%
5 Years: 65%
3 Years: 49%
1 Year: 51%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 8%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 8 8
Reserves 187 205 203 211 162 161 162 179 209 239 279 289
58 58 55 72 81 100 130 195 177 153 162 194
18 24 26 29 26 29 39 52 43 49 66 81
Total Liabilities 271 294 292 318 277 298 338 433 436 448 514 572
181 197 199 212 174 176 172 166 242 234 250 243
CWIP 0 2 1 2 6 8 15 92 11 9 5 14
Investments 61 68 49 46 21 18 19 19 19 19 34 44
29 28 43 57 77 96 132 156 164 186 224 270
Total Assets 271 294 292 318 277 298 338 433 436 448 514 572

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
21 24 -2 7 -4 -3 -5 28 35 34 25 5
-74 -24 7 -18 5 -8 -13 -82 -4 -0 -40 -24
48 -3 -5 12 1 9 19 53 -33 -33 14 20
Net Cash Flow -5 -3 -0 2 2 -3 1 -0 -1 1 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 9 46 46 41 27 27 31 33 40 49 63
Inventory Days 607 557 514 421 489 604 582 546
Days Payable 99 110 93 97 45 116 106 133
Cash Conversion Cycle 24 9 46 46 549 474 448 354 478 528 526 475
Working Capital Days -17 -27 10 26 54 82 106 103 135 161 162 212
ROCE % 13% 13% 4% 6% -2% 2% 4% 13% 15% 9% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.91% 74.91% 74.91% 74.91% 74.91% 74.91% 74.80% 74.80% 74.80% 74.80% 74.80% 74.80%
0.70% 0.00% 0.47% 1.46% 1.51% 1.61% 1.48% 1.49% 1.48% 1.47% 1.48% 1.49%
0.38% 0.27% 0.24% 1.24% 1.77% 1.77% 2.29% 2.57% 3.06% 3.15% 3.15% 3.15%
24.01% 24.82% 24.37% 22.39% 21.81% 21.72% 21.42% 21.15% 20.67% 20.58% 20.58% 20.56%
No. of Shareholders 14,31616,46816,97514,42812,79913,43714,56314,37613,42613,93316,54416,074

* 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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