United Nilgiri Tea Estates Company Ltd
Incorporated in 1922, United Nilgiri Tea Estates & Company Ltd does growing and manufacture of Tea besides Letting-out of property[1]
- Market Cap ₹ 169 Cr.
- Current Price ₹ 337
- High / Low ₹ 384 / 256
- Stock P/E 10.6
- Book Value ₹ 396
- Dividend Yield 0.81 %
- ROCE 7.72 %
- ROE 6.23 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.85 times its book value
- Debtor days have improved from 30.0 to 23.6 days.
- Company's working capital requirements have reduced from 66.2 days to 50.3 days
Cons
- The company has delivered a poor sales growth of 6.29% over past five years.
- Company has a low return on equity of 6.18% over last 3 years.
- Earnings include an other income of Rs.6.98 Cr.
- Dividend payout has been low at 13.4% 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.
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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
32 | 37 | 49 | 51 | 57 | 54 | 62 | 66 | 63 | 66 | 76 | 84 | 79 | |
27 | 29 | 38 | 39 | 42 | 42 | 49 | 52 | 50 | 56 | 65 | 70 | 63 | |
Operating Profit | 5 | 8 | 11 | 12 | 14 | 13 | 13 | 14 | 13 | 11 | 11 | 14 | 16 |
OPM % | 16% | 21% | 23% | 24% | 25% | 23% | 21% | 21% | 20% | 16% | 15% | 16% | 20% |
1 | 1 | 1 | 2 | 2 | 2 | 5 | 6 | 4 | 8 | 5 | 5 | 7 | |
Interest | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
Profit before tax | 5 | 7 | 10 | 11 | 14 | 12 | 15 | 17 | 14 | 15 | 13 | 15 | 19 |
Tax % | 19% | 18% | 23% | 23% | 25% | 25% | 21% | 15% | 23% | 19% | 20% | 19% | |
4 | 6 | 8 | 9 | 10 | 9 | 12 | 14 | 11 | 12 | 10 | 12 | 16 | |
EPS in Rs | 8.45 | 11.49 | 15.53 | 17.41 | 20.47 | 18.33 | 24.32 | 28.76 | 21.43 | 24.52 | 20.59 | 24.26 | 31.69 |
Dividend Payout % | 27% | 20% | 17% | 16% | 13% | 15% | 11% | 9% | 13% | 11% | 18% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | -1% |
3 Years: | 2% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 1% |
3 Years: | 5% |
1 Year: | 23% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Reserves | 37 | 41 | 47 | 54 | 63 | 97 | 112 | 134 | 150 | 161 | 170 | 182 | 193 |
3 | 0 | 1 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |
6 | 6 | 8 | 6 | 8 | 7 | 8 | 8 | 9 | 12 | 12 | 11 | 11 | |
Total Liabilities | 51 | 53 | 61 | 66 | 76 | 108 | 125 | 148 | 164 | 177 | 187 | 198 | 208 |
12 | 35 | 36 | 38 | 38 | 38 | 39 | 38 | 43 | 44 | 43 | 44 | 43 | |
CWIP | 19 | -0 | 0 | -0 | -0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 2 |
Investments | 3 | 3 | 2 | 2 | 4 | 41 | 63 | 73 | 76 | 102 | 107 | 127 | 130 |
16 | 15 | 22 | 26 | 34 | 30 | 23 | 36 | 43 | 30 | 34 | 25 | 33 | |
Total Assets | 51 | 53 | 61 | 66 | 76 | 108 | 125 | 148 | 164 | 177 | 187 | 198 | 208 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 7 | 9 | 8 | 11 | 9 | 6 | 11 | 8 | 9 | 5 | 15 | |
-8 | -3 | -6 | -7 | -10 | -7 | -6 | -10 | -4 | -9 | -3 | -13 | |
-2 | -5 | -1 | -2 | -2 | -2 | -2 | -2 | -2 | -1 | -1 | -1 | |
Net Cash Flow | -3 | 0 | 2 | -0 | -1 | 1 | -2 | -1 | 3 | -2 | 1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 33 | 22 | 39 | 35 | 36 | 14 | 32 | 25 | 42 | 27 | 40 | 24 |
Inventory Days | 118 | 113 | 79 | 128 | 112 | 148 | 151 | 164 | 199 | 247 | 201 | 126 |
Days Payable | 106 | 100 | 74 | 94 | 132 | 18 | 37 | 37 | 58 | 61 | 53 | 30 |
Cash Conversion Cycle | 45 | 35 | 44 | 69 | 16 | 144 | 145 | 152 | 183 | 213 | 188 | 120 |
Working Capital Days | 25 | 25 | 20 | 34 | 29 | 37 | 49 | 57 | 72 | 71 | 77 | 50 |
ROCE % | 12% | 16% | 20% | 19% | 21% | 14% | 14% | 12% | 9% | 9% | 7% | 8% |
Business Overview:[1]
Company does production and export
of organic teas in Bulk and Packets through
its brands viz. Chamraj and Korakundah
Organic Tea