Tata Consumer Products Ltd

Tata Global Beverages and its subsidiaries (together referred to as the group) and the groups associates and joint ventures are engaged in the trading, production and distribution of Tea, Coffee and Water. The group has branded beverage business operations mainly in India, Europe, US, Canada and Australia, plantation business in India and extraction business in India and the US.

  • Market Cap: 46,981 Cr.
  • Current Price: 509.80
  • 52 weeks High / Low 591.95 / 213.70
  • Book Value: 149.91
  • Stock P/E: 63.18
  • Dividend Yield: 0.53 %
  • ROCE: 9.54 %
  • ROE: 5.91 %
  • Sales Growth (3Yrs): 12.44 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 40.90%
Cons:
Stock is trading at 3.40 times its book value
The company has delivered a poor growth of 3.81% over past five years.
Promoter holding is low: 34.69%
Company has a low return on equity of 6.71% for last 3 years.

Peer comparison Sector: Plantation & Plantation Products // Industry: Tea

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,692 1,730 1,688 1,803 1,761 1,913 1,775 2,392 1,834 2,493 2,405 2,714
1,478 1,495 1,543 1,554 1,594 1,716 1,601 2,041 1,599 2,175 2,097 2,231
Operating Profit 214 235 146 249 167 196 174 351 235 318 308 483
OPM % 13% 14% 9% 14% 9% 10% 10% 15% 13% 13% 13% 18%
Other Income 21 8 24 10 64 23 27 25 24 28 -242 96
Interest 10 8 14 13 11 13 15 19 20 20 19 17
Depreciation 29 29 28 29 30 30 33 58 47 61 64 62
Profit before tax 196 206 128 217 189 176 153 300 192 264 -17 499
Tax % 37% 10% 10% 38% 34% 31% 39% 34% 25% 28% -198% 22%
Net Profit 144 189 59 116 184 99 23 174 138 169 -76 328
EPS in Rs 2.28 2.66 0.94 1.84 2.69 1.57 0.36 1.89 2.18 1.84 -0.83 3.55
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

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
4,847 5,783 6,003 6,640 7,351 7,738 7,993 6,637 6,780 6,815 7,252 9,637 9,446
4,321 5,269 5,467 6,134 6,645 7,212 7,201 6,271 6,033 6,042 6,499 8,381 8,102
Operating Profit 526 514 536 506 706 526 792 366 747 774 753 1,256 1,344
OPM % 11% 9% 9% 8% 10% 7% 10% 6% 11% 11% 10% 13% 14%
Other Income 1,039 379 179 234 121 397 -77 38 133 138 157 -127 -95
Interest 210 149 121 70 84 87 82 117 92 43 52 78 76
Depreciation 99 103 99 96 105 129 133 117 126 116 123 242 234
Profit before tax 1,256 641 494 574 637 707 500 170 662 753 735 809 938
Tax % 34% 39% 41% 25% 26% 26% 43% 118% 30% 25% 36% 34%
Net Profit 701 390 254 356 373 481 248 -6 389 496 408 460 558
EPS in Rs 11.09 5.98 0.38 0.54 0.56 0.76 0.37 0.00 6.17 7.85 6.47 4.99 6.74
Dividend Payout % 15% 32% 49% 37% 36% 29% 6% -2,572% 38% 30% 39% 54%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:5.24%
5 Years:3.81%
3 Years:12.44%
TTM:20.46%
Compounded Profit Growth
10 Years:4.10%
5 Years:11.80%
3 Years:11.69%
TTM:39.56%
Stock Price CAGR
10 Years:15.42%
5 Years:32.02%
3 Years:36.92%
1 Year:80.81%
Return on Equity
10 Years:6.63%
5 Years:5.55%
3 Years:6.71%
Last Year:5.91%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
62 62 62 62 62 62 62 63 63 63 63 92
Reserves 3,591 3,662 3,895 4,504 4,748 5,787 5,430 6,184 6,202 6,968 7,269 13,723
Borrowings 2,431 1,797 1,041 916 1,389 1,438 1,324 1,354 787 1,068 1,141 1,548
2,687 2,692 2,766 2,797 2,595 2,625 2,642 2,294 2,499 2,362 2,408 3,110
Total Liabilities 8,771 8,212 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473
3,762 3,647 3,771 4,244 4,434 5,181 4,922 4,662 4,573 4,798 4,913 11,656
CWIP 63 47 31 49 91 60 47 39 63 135 424 95
Investments 351 519 587 567 578 611 622 1,366 1,451 1,161 1,188 1,323
4,594 3,998 3,375 3,420 3,691 4,060 3,867 3,828 3,465 4,366 4,355 5,399
Total Assets 8,771 8,212 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
65 140 54 279 173 422 418 116 741 356 210 1,082
485 1,432 111 156 24 -1 -207 145 145 -31 53 -622
-784 -757 -1,072 -438 186 -363 -392 -282 -816 -30 -224 -308
Net Cash Flow -234 815 -907 -3 383 57 -182 -21 70 294 39 152

Ratios Consolidated Figures in Rs. Crores / View Standalone

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 % 12% 13% 12% 12% 13% 10% 10% 5% 10% 10% 10% 10%
Debtor Days 34 33 35 36 35 31 28 33 32 35 34 35
Inventory Turnover 2.81 2.84 3.01 2.66 2.52 2.26 2.19 2.28 2.11 2.61 2.68 3.32

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
35.61 35.60 35.51 35.46 35.00 34.45 34.45 34.45 34.45 34.45 34.69 34.69
15.52 18.82 21.15 22.73 24.58 24.72 25.37 26.61 27.80 26.04 17.08 19.49
18.84 17.27 15.66 14.01 13.56 14.25 13.67 13.12 12.83 14.89 21.80 19.83
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01
30.03 28.31 27.67 27.80 26.86 26.58 26.50 25.81 24.91 24.62 26.42 25.97