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 537 Cr.
  • Current Price 147
  • High / Low 178 / 57.5
  • Stock P/E 4,881
  • Book Value 45.9
  • Dividend Yield 0.14 %
  • ROCE 2.10 %
  • ROE 0.07 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 37.91 to 27.30 days.

Cons

  • Stock is trading at 3.20 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.64% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
60 57 59 80 80 82 106 142 141 161 163 198
46 44 48 53 54 56 77 104 121 138 160 185
Operating Profit 14 13 12 26 25 26 29 37 21 23 4 13
OPM % 24% 23% 19% 33% 32% 31% 28% 26% 15% 14% 2% 7%
Other Income -0 15 1 2 1 -0 15 4 3 5 3 2
Interest 3 2 2 2 1 1 2 9 8 7 6 7
Depreciation 1 1 1 2 2 2 3 4 10 10 9 10
Profit before tax 10 25 9 24 23 23 39 29 6 12 -8 -2
Tax % 41% 16% 35% 23% 21% 18% 22% 29% 29% 21% 83% 115%
Net Profit 5 21 6 19 18 19 30 20 4 10 -1 0
EPS in Rs 1.74 5.14 4.93 5.08 8.25 5.57 1.17 2.60 -0.36 0.07
Dividend Payout % 0% 4% 17% 8% 8% 8% 6% 9% 43% 19% -56% 0%
Compounded Sales Growth
10 Years:13%
5 Years:13%
3 Years:12%
TTM:22%
Compounded Profit Growth
10 Years:-37%
5 Years:-64%
3 Years:-67%
TTM:103%
Stock Price CAGR
10 Years:11%
5 Years:5%
3 Years:25%
1 Year:133%
Return on Equity
10 Years:6%
5 Years:2%
3 Years:1%
Last Year:0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
6 6 7 7 7 7 7 7 7 7 7 7
Reserves 24 96 110 126 142 160 187 206 206 214 162 161
Borrowings 30 17 23 28 14 9 58 58 55 72 81 100
9 11 10 11 10 10 18 24 26 29 26 29
Total Liabilities 69 130 150 173 174 187 271 296 294 322 277 297
55 109 110 114 114 117 181 197 199 212 174 176
CWIP 0 1 1 0 0 0 0 2 1 2 6 8
Investments 0 6 20 33 33 37 61 57 33 26 21 18
14 15 19 26 27 33 29 40 61 81 77 96
Total Assets 69 130 150 173 174 187 271 296 294 322 277 297

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
11 6 21 15 21 21 24 -2 7 -4 -3
-0 -19 -18 -3 -9 -74 -24 11 -13 5 -8
-12 14 3 -16 -7 48 -3 -10 8 1 9
Net Cash Flow -1 1 6 -3 5 -5 -3 -0 2 2 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 24% 16% 10% 18% 15% 14% 13% 13% 4% 6% -2% 2%
Debtor Days 27 27 14 12 18 27 24 9 45 46 41 27
Inventory Turnover 3.56 2.26 1.39 1.64 1.47 1.82 1.81 1.87 1.81 1.25 1.20 1.09

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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