United Nilgiri Tea Estates Company Ltd

₹ 271 -0.44%
27 Jan - close price
About

United Nilgiri Tea Estates Company Ltd is primarily engaged in growing and manufacture of Tea and letting out of its commercial property. Its tea is sold both in domestic and international markets.[1]

Key Points

Plantations Business (~94% of revenues)[1]
The company grows tea from its estates located in the Nilgiris, Tamil Nadu.[2] It has a total area of ~1,500[3] hectares out of which only 850 hectares is under cultivation.[4]

  • Market Cap 135 Cr.
  • Current Price 271
  • High / Low 433 / 261
  • Stock P/E 16.2
  • Book Value 363
  • Dividend Yield 1.00 %
  • ROCE 6.93 %
  • ROE 5.49 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.75 times its book value

Cons

  • The company has delivered a poor sales growth of 6.78% over past five years.
  • Company has a low return on equity of 6.47% over last 3 years.
  • Earnings include an other income of Rs.3.59 Cr.
  • Dividend payout has been low at 13.9% of profits over last 3 years

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
13.76 17.10 16.24 15.38 17.60 20.53 12.81 20.67 18.77 19.04 17.17 23.43 23.28
9.79 12.43 14.75 11.14 14.50 16.62 13.27 16.31 14.52 17.12 16.58 18.59 19.93
Operating Profit 3.97 4.67 1.49 4.24 3.10 3.91 -0.46 4.36 4.25 1.92 0.59 4.84 3.35
OPM % 28.85% 27.31% 9.17% 27.57% 17.61% 19.05% -3.59% 21.09% 22.64% 10.08% 3.44% 20.66% 14.39%
1.50 1.63 -0.14 2.90 1.52 2.45 1.15 1.55 1.81 0.77 1.25 0.28 1.29
Interest 0.02 -0.00 0.01 0.02 0.02 0.02 -0.01 0.03 0.03 0.03 0.03 0.02 0.03
Depreciation 0.68 0.69 0.73 0.75 0.78 0.89 1.21 0.88 0.88 0.87 0.87 0.87 0.89
Profit before tax 4.77 5.61 0.61 6.37 3.82 5.45 -0.51 5.00 5.15 1.79 0.94 4.23 3.72
Tax % 22.85% 16.40% 75.41% 23.55% 21.20% 15.05% 47.06% 18.60% 16.12% 22.35% 45.74% 18.20% 19.35%
Net Profit 3.69 4.69 0.15 4.87 3.01 4.63 -0.27 4.07 4.33 1.39 0.51 3.46 3.00
EPS in Rs 7.39 9.39 0.30 9.75 6.02 9.27 -0.54 8.15 8.67 2.78 1.02 6.92 6.00
Raw PDF

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
27.68 31.93 36.75 49.12 50.64 56.66 54.49 61.65 65.70 62.82 66.32 75.66 82.92
23.56 26.89 29.08 37.99 38.58 42.44 41.92 48.68 51.65 50.03 55.53 64.56 72.22
Operating Profit 4.12 5.04 7.67 11.13 12.06 14.22 12.57 12.97 14.05 12.79 10.79 11.10 10.70
OPM % 14.88% 15.78% 20.87% 22.66% 23.82% 25.10% 23.07% 21.04% 21.39% 20.36% 16.27% 14.67% 12.90%
1.10 1.19 0.75 1.14 1.71 2.01 2.33 5.06 5.74 3.91 8.02 5.38 3.59
Interest 0.04 0.06 0.22 0.07 0.04 -0.00 0.06 0.07 0.07 0.05 0.05 0.10 0.11
Depreciation 0.86 0.97 1.16 2.14 2.48 2.67 2.64 2.66 2.71 2.77 3.63 3.49 3.50
Profit before tax 4.32 5.20 7.04 10.06 11.25 13.56 12.20 15.30 17.01 13.88 15.13 12.89 10.68
Tax % 24.77% 18.85% 18.47% 22.86% 22.76% 24.56% 24.84% 20.59% 15.46% 22.84% 19.10% 20.09%
Net Profit 3.25 4.22 5.74 7.76 8.70 10.23 9.16 12.15 14.37 10.71 12.25 10.29 8.36
EPS in Rs 6.50 8.45 11.49 15.53 17.41 20.47 18.33 24.32 28.76 21.43 24.52 20.59 16.72
Dividend Payout % 34.62% 27.25% 20.03% 17.40% 15.52% 13.20% 14.74% 11.11% 9.39% 12.61% 11.02% 17.98%
Compounded Sales Growth
10 Years: 9%
5 Years: 7%
3 Years: 5%
TTM: 14%
Compounded Profit Growth
10 Years: 8%
5 Years: 1%
3 Years: -10%
TTM: -34%
Stock Price CAGR
10 Years: 2%
5 Years: -10%
3 Years: -1%
1 Year: -24%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 6%
Last Year: 5%

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
5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Reserves 33.80 36.68 41.09 47.27 54.06 62.67 96.52 111.55 134.37 149.50 160.55 170.27 176.20
4.22 3.12 0.47 0.59 0.04 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
3.88 5.74 6.30 7.82 6.43 8.06 6.96 8.43 8.19 9.09 11.59 11.59 10.61
Total Liabilities 46.90 50.54 52.86 60.68 65.53 75.73 108.48 124.98 147.56 163.59 177.14 186.86 191.81
11.82 12.46 34.88 36.08 38.46 38.11 38.02 38.55 37.62 43.45 43.91 43.38 43.59
CWIP 9.96 18.54 -0.00 0.37 -0.00 -0.00 0.24 0.45 1.17 1.31 1.29 2.50 2.20
Investments 3.48 3.09 3.18 1.85 1.53 3.83 40.55 63.37 72.68 75.89 101.69 106.60 114.18
21.64 16.45 14.80 22.38 25.54 33.79 29.67 22.61 36.09 42.94 30.25 34.38 31.84
Total Assets 46.90 50.54 52.86 60.68 65.53 75.73 108.48 124.98 147.56 163.59 177.14 186.86 191.81

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
2.60 6.73 7.39 8.85 8.36 11.40 9.48 6.32 10.54 8.26 8.77 5.46
-17.53 -7.65 -2.72 -5.64 -6.58 -10.42 -6.96 -6.23 -9.51 -3.90 -9.10 -3.20
2.58 -1.98 -4.62 -0.80 -2.22 -1.57 -1.73 -1.60 -1.63 -1.63 -1.35 -1.35
Net Cash Flow -12.35 -2.90 0.05 2.41 -0.44 -0.59 0.80 -1.52 -0.60 2.73 -1.68 0.92

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 37.05 32.81 22.15 38.64 34.74 35.50 13.80 31.56 24.67 41.83 26.75 39.80
Inventory Days 137.24 117.95 113.09 78.59 127.92 111.61 148.38 150.96 163.60 198.68 247.29 200.71
Days Payable 89.33 105.73 100.01 73.60 93.81 131.59 18.00 37.05 36.76 57.54 60.75 52.74
Cash Conversion Cycle 84.97 45.03 35.23 43.64 68.85 15.52 144.18 145.47 151.51 182.98 213.28 187.77
Working Capital Days 46.02 24.69 25.13 20.36 34.16 29.31 36.91 48.73 56.89 72.11 71.49 76.95
ROCE % 10.82% 11.98% 15.89% 20.34% 19.15% 21.31% 14.43% 14.01% 12.03% 9.32% 8.52% 6.93%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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