United Nilgiri Tea Estates Company Ltd

United Nilgiri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

United Nilgiri Tea Estates Company Ltd

₹ 268 -0.83%
30 May - close price
Company website NSE : UNITEDTEA
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]

Website NSE
  • Market Cap ₹ 134 Cr.
  • Current Price ₹ 268
  • High / Low ₹ 408 / 256
  • Stock P/E 11.1
  • Book Value ₹ 374
  • Dividend Yield 1.01 %
  • ROCE 8.29 %
  • ROE 6.69 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value
  • Debtor days have improved from 30.0 to 23.6 days.

Cons

  • The company has delivered a poor sales growth of 6.30% over past five years.
  • Company has a low return on equity of 6.34% over last 3 years.
  • Earnings include an other income of Rs.4.92 Cr.
  • Dividend payout has been low at 12.0% of profits over last 3 years
  • Working capital days have increased from 96.0 days to 139 days

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
16.24 15.38 17.60 20.53 12.81 20.67 18.77 19.04 17.17 23.43 23.28 20.00 16.94
14.75 11.14 14.50 16.62 13.27 16.31 14.52 17.12 16.58 18.59 19.93 16.88 14.48
Operating Profit 1.49 4.24 3.10 3.91 -0.46 4.36 4.25 1.92 0.59 4.84 3.35 3.12 2.46
OPM % 9.17% 27.57% 17.61% 19.05% -3.59% 21.09% 22.64% 10.08% 3.44% 20.66% 14.39% 15.60% 14.52%
-0.14 2.90 1.52 2.45 1.15 1.55 1.81 0.77 1.25 0.28 1.29 1.67 1.67
Interest 0.01 0.02 0.02 0.02 -0.01 0.03 0.03 0.03 0.03 0.02 0.03 0.03 0.03
Depreciation 0.73 0.75 0.78 0.89 1.21 0.88 0.88 0.87 0.87 0.87 0.89 1.01 0.88
Profit before tax 0.61 6.37 3.82 5.45 -0.51 5.00 5.15 1.79 0.94 4.23 3.72 3.75 3.22
Tax % 75.41% 23.55% 21.20% 15.05% 47.06% 18.60% 16.12% 22.35% 45.74% 18.20% 19.35% 24.53% 12.42%
Net Profit 0.15 4.87 3.01 4.63 -0.27 4.07 4.33 1.39 0.51 3.46 3.00 2.84 2.82
EPS in Rs 0.30 9.75 6.02 9.27 -0.54 8.15 8.67 2.78 1.02 6.92 6.00 5.68 5.64
Raw PDF

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
32 37 49 51 57 54 62 66 63 66 76 84
27 29 38 39 42 42 49 52 50 56 65 70
Operating Profit 5 8 11 12 14 13 13 14 13 11 11 14
OPM % 16% 21% 23% 24% 25% 23% 21% 21% 20% 16% 15% 16%
1 1 1 2 2 2 5 6 4 8 5 5
Interest 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
Profit before tax 5 7 10 11 14 12 15 17 14 15 13 15
Tax % 19% 18% 23% 23% 25% 25% 21% 15% 23% 19% 20% 19%
Net Profit 4 6 8 9 10 9 12 14 11 12 10 12
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
Dividend Payout % 27% 20% 17% 16% 13% 15% 11% 9% 13% 11% 18% 7%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: 8%
5 Years: 0%
3 Years: 5%
TTM: 30%
Stock Price CAGR
10 Years: 3%
5 Years: -6%
3 Years: 8%
1 Year: -23%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 6%
Last Year: 7%

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
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
3 0 1 0 0 0 0 0 0 0 0 0
6 6 8 6 8 7 8 8 9 12 12 11
Total Liabilities 51 53 61 66 76 108 125 148 164 177 187 198
12 35 36 38 38 38 39 38 43 44 43 44
CWIP 19 0 0 0 0 0 0 1 1 1 2 3
Investments 3 3 2 2 4 41 63 73 76 102 107 127
16 15 22 26 34 30 23 36 43 30 34 25
Total Assets 51 53 61 66 76 108 125 148 164 177 187 198

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 79 128 112 148 151 164 199 247 201 107
Days Payable 106 100 74 94 132 18 37 37 58 61 53 25
Cash Conversion Cycle 45 35 44 69 16 144 145 152 183 213 188 105
Working Capital Days 25 25 20 34 29 37 49 57 72 71 77 139
ROCE % 12% 16% 20% 19% 21% 14% 14% 12% 9% 9% 7% 8%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports