Rossell India Ltd
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]
- Market Cap ₹ 900 Cr.
- Current Price ₹ 239
- High / Low ₹ 385 / 141
- Stock P/E 30.5
- Book Value ₹ 80.0
- Dividend Yield 0.13 %
- ROCE 9.17 %
- ROE 10.2 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 54.6% CAGR over last 5 years
Cons
- Stock is trading at 2.98 times its book value
- Tax rate seems low
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Peer comparison
Sector: Plantation & Plantation Products Industry: Tea
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
77 | 82 | 106 | 141 | 140 | 161 | 163 | 198 | 249 | 309 | 322 | 299 | 341 | |
51 | 56 | 77 | 104 | 120 | 137 | 159 | 185 | 228 | 260 | 253 | 254 | 288 | |
Operating Profit | 26 | 26 | 29 | 37 | 20 | 24 | 4 | 13 | 21 | 50 | 69 | 45 | 53 |
OPM % | 34% | 31% | 28% | 26% | 14% | 15% | 2% | 7% | 8% | 16% | 22% | 15% | 16% |
1 | -0 | 15 | 4 | 3 | 5 | 3 | 2 | 0 | 3 | -0 | 11 | 5 | |
Interest | 1 | 1 | 2 | 9 | 7 | 7 | 6 | 7 | 11 | 12 | 16 | 10 | 11 |
Depreciation | 2 | 2 | 3 | 4 | 10 | 10 | 9 | 10 | 10 | 9 | 12 | 12 | 13 |
Profit before tax | 24 | 23 | 39 | 29 | 6 | 12 | -8 | -2 | 0 | 32 | 41 | 33 | 34 |
Tax % | 20% | 18% | 22% | 29% | 30% | 21% | 83% | 115% | -46% | 42% | 20% | 10% | |
Net Profit | 19 | 19 | 30 | 20 | 4 | 10 | -1 | 0 | 1 | 19 | 33 | 30 | 29 |
EPS in Rs | 5.25 | 5.10 | 8.25 | 5.56 | 1.09 | 2.61 | -0.36 | 0.07 | 0.16 | 5.05 | 8.97 | 8.11 | 8.03 |
Dividend Payout % | 8% | 8% | 6% | 9% | 46% | 19% | -56% | 0% | 0% | 4% | 3% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 6% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 55% |
3 Years: | 244% |
TTM: | 122% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 79% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 13% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
Reserves | 144 | 160 | 187 | 205 | 203 | 211 | 162 | 161 | 162 | 179 | 209 | 239 | 294 |
13 | 9 | 58 | 58 | 55 | 72 | 81 | 100 | 130 | 195 | 177 | 153 | 157 | |
10 | 10 | 18 | 24 | 26 | 29 | 26 | 29 | 39 | 52 | 43 | 49 | 50 | |
Total Liabilities | 174 | 187 | 271 | 294 | 292 | 318 | 277 | 298 | 338 | 433 | 436 | 448 | 509 |
112 | 117 | 181 | 197 | 199 | 212 | 174 | 176 | 172 | 166 | 242 | 234 | 245 | |
CWIP | 0 | 0 | 0 | 2 | 1 | 2 | 6 | 8 | 15 | 92 | 11 | 9 | 8 |
Investments | 36 | 37 | 61 | 68 | 49 | 46 | 21 | 18 | 19 | 19 | 19 | 19 | 19 |
27 | 32 | 29 | 28 | 43 | 57 | 77 | 96 | 132 | 156 | 164 | 186 | 236 | |
Total Assets | 174 | 187 | 271 | 294 | 292 | 318 | 277 | 298 | 338 | 433 | 436 | 448 | 509 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 21 | 21 | 24 | -2 | 7 | -4 | -3 | -5 | 28 | 35 | 34 | |
-2 | -9 | -74 | -24 | 7 | -18 | 5 | -8 | -13 | -82 | -4 | -0 | |
-14 | -7 | 48 | -3 | -5 | 12 | 1 | 9 | 19 | 53 | -33 | -33 | |
Net Cash Flow | -3 | 5 | -5 | -3 | -0 | 2 | 2 | -3 | 1 | -0 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 13 | 27 | 24 | 9 | 46 | 46 | 41 | 27 | 27 | 31 | 33 | 40 |
Inventory Days | 607 | 557 | 514 | 421 | 489 | 604 | ||||||
Days Payable | 99 | 110 | 93 | 97 | 45 | 116 | ||||||
Cash Conversion Cycle | 13 | 27 | 24 | 9 | 46 | 46 | 549 | 474 | 448 | 354 | 478 | 528 |
Working Capital Days | 20 | 23 | -17 | -27 | 10 | 26 | 54 | 82 | 106 | 103 | 135 | 161 |
ROCE % | 16% | 14% | 13% | 13% | 4% | 6% | -2% | 2% | 4% | 13% | 15% | 9% |
Documents
Announcements
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Recognition And Awards. 6 Mar
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Disclosure Under Regulation 31(1)(A) Of SEBI (LODR) Regulations, 2015
6 Mar - We have obtained the Trading Approval from both the Stock Exchanges viz. BSE Limited and National Stock Exchange of India Limited, on 3rd March, 2023, …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Feb
- Outcome Of The Board Meeting - Revision In The Scheme Of Amalgamation ('Scheme') Between BMG Enterprises Limited ('Transferor Company') And Rossell India Limited ('Transferee Company') And Their Respective Shareholders 25 Feb
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
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Financial Year 2010
from bse
Business Segments
The Company is engaged in the following businesses:
Rossell Tea Division:
Cultivation, Manufacture, and Sale of Black Tea. (primarily the orthodox variety of tea)
The segment contributed 48% of Revenue in FY22 [1] which used to be 75% in FY16. [2]