Warren Tea Ltd

Warren Tea Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Warren Tea Ltd

₹ 48.0 -0.62%
06 Dec - close price
warrentea.com BSE: 508494
About

Incorporated in 1977, Warren Tea Ltd is in the business of plantation, processing and sale of
Tea[1]

Key Points

Business Overview:[1][2]
Company is a producer and exporters of quality CTC and orthodox teas. It produces black tea of crush, tear and curl (CTC) variety, which it sells mainly in the domestic market through a mix of auction and private sales. Company has 4 tea gardens in the Upper Assam region, in Dibrugarh and Tinsukia districts. Warren Tea also offers its international clientele, packaged teas in attractive packets, caddies and tea
bags

Website BSE
  • Market Cap ₹ 57.4 Cr.
  • Current Price ₹ 48.0
  • High / Low ₹ 75.0 / 44.0
  • Stock P/E
  • Book Value ₹ 70.5
  • Dividend Yield 0.00 %
  • ROCE -21.4 %
  • ROE -26.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.68 times its book value
  • Debtor days have improved from 44.8 to 32.5 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.5% over past five years.
  • Company has a low return on equity of -2.83% over last 3 years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 7.79 days to 60.4 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
53.13 27.22 11.13 17.18 41.47 25.28 5.81 17.87 24.21 14.37 1.17 0.00 0.00
31.72 39.97 12.47 17.65 34.78 29.54 11.75 15.92 19.79 27.30 20.14 0.91 1.01
Operating Profit 21.41 -12.75 -1.34 -0.47 6.69 -4.26 -5.94 1.95 4.42 -12.93 -18.97 -0.91 -1.01
OPM % 40.30% -46.84% -12.04% -2.74% 16.13% -16.85% -102.24% 10.91% 18.26% -89.98% -1,621.37%
0.45 11.73 9.97 1.53 -1.19 -0.06 13.58 0.04 0.46 -0.17 51.29 0.46 2.10
Interest 1.37 0.99 0.85 0.50 0.63 0.69 0.71 0.57 0.71 0.46 0.17 0.00 0.08
Depreciation 0.68 0.84 0.28 0.48 0.51 0.51 0.49 0.37 0.44 0.60 0.14 0.09 0.16
Profit before tax 19.81 -2.85 7.50 0.08 4.36 -5.52 6.44 1.05 3.73 -14.16 32.01 -0.54 0.85
Tax % 0.00% 0.00% -161.60% 0.00% 0.00% 0.00% -27.02% 0.00% 0.00% 0.00% 86.19% 0.00% 0.00%
19.81 -2.85 19.62 0.08 4.36 -5.52 8.18 1.05 3.73 -14.16 4.42 -0.54 0.85
EPS in Rs 16.51 -2.38 16.35 0.07 3.63 -4.60 6.82 0.88 3.11 -11.80 3.68 -0.45 0.71
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 TTM
212.75 119.06 140.15 130.34 138.42 109.71 118.99 118.50 122.91 105.93 89.74 57.62 15.54
196.05 97.93 109.56 114.79 132.85 129.32 123.76 135.77 148.27 100.51 93.72 83.15 49.36
Operating Profit 16.70 21.13 30.59 15.55 5.57 -19.61 -4.77 -17.27 -25.36 5.42 -3.98 -25.53 -33.82
OPM % 7.85% 17.75% 21.83% 11.93% 4.02% -17.87% -4.01% -14.57% -20.63% 5.12% -4.44% -44.31% -217.63%
2.63 2.77 1.78 1.06 4.65 1.85 1.38 1.01 1.74 22.26 13.86 51.63 53.68
Interest 0.89 0.13 0.35 0.32 0.76 2.32 3.75 4.04 5.33 4.89 2.53 1.91 0.71
Depreciation 9.54 4.97 4.95 5.00 3.32 3.62 3.64 3.47 2.73 2.48 1.99 1.55 0.99
Profit before tax 8.90 18.80 27.07 11.29 6.14 -23.70 -10.78 -23.77 -31.68 20.31 5.36 22.64 18.16
Tax % 33.03% 26.97% 25.23% -10.63% 25.41% 31.31% 26.81% 33.02% 23.71% -59.68% -32.46% 121.91%
5.96 13.73 20.25 12.50 4.58 -16.28 -7.89 -15.92 -24.17 32.43 7.10 -4.96 -9.43
EPS in Rs 3.27 11.44 16.88 10.42 3.82 -13.57 -6.58 -13.27 -20.14 27.02 5.92 -4.13 -7.86
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: -14%
3 Years: -22%
TTM: -79%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 0%
TTM: -672%
Stock Price CAGR
10 Years: -13%
5 Years: -10%
3 Years: -2%
1 Year: -33%
Return on Equity
10 Years: -4%
5 Years: -11%
3 Years: -3%
Last Year: -26%

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 10.71 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95
Reserves 154.79 76.66 96.90 104.41 108.99 87.90 83.75 71.57 51.32 85.69 91.94 72.15 72.70
0.14 0.00 0.00 2.68 10.31 25.71 33.35 39.50 51.07 18.02 21.60 1.73 1.68
59.98 44.69 47.68 42.55 52.56 56.88 49.42 66.59 73.39 55.63 32.67 31.46 12.34
Total Liabilities 225.62 133.30 156.53 161.59 183.81 182.44 178.47 189.61 187.73 171.29 158.16 117.29 98.67
143.69 74.74 72.74 65.60 66.33 68.91 69.34 70.90 76.14 51.20 40.33 4.87 5.81
CWIP 0.62 0.36 0.47 0.45 1.17 12.47 15.17 17.28 17.03 4.04 16.46 0.00 0.00
Investments 3.19 1.60 16.60 23.62 33.26 32.80 33.15 33.15 33.14 33.15 33.15 39.56 47.71
78.12 56.60 66.72 71.92 83.05 68.26 60.81 68.28 61.42 82.90 68.22 72.86 45.15
Total Assets 225.62 133.30 156.53 161.59 183.81 182.44 178.47 189.61 187.73 171.29 158.16 117.29 98.67

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
-1.62 -8.00 16.47 17.63 2.64 -17.49 2.70 6.86 -0.59 -12.22 -5.15 -51.55
-10.63 -1.65 -17.44 -19.65 -3.23 -9.75 -6.63 -9.00 -5.99 51.48 7.17 89.95
-12.87 -0.27 -0.35 2.36 6.95 13.14 3.92 2.10 6.55 -37.42 -2.82 -22.02
Net Cash Flow -25.12 -9.92 -1.32 0.34 6.36 -14.10 -0.02 -0.03 -0.03 1.84 -0.81 16.38

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 34.16 84.77 91.13 80.57 96.54 153.24 121.29 89.02 53.63 51.51 50.35 32.50
Inventory Days 217.88 0.00
Days Payable 497.30
Cash Conversion Cycle 34.16 84.77 91.13 80.57 96.54 153.24 121.29 89.02 53.63 51.51 -229.06 32.50
Working Capital Days 7.24 39.24 58.39 47.89 47.07 45.78 24.91 -24.76 -65.84 -24.19 -12.81 60.37
ROCE % 5.98% 14.88% 27.77% 10.15% 3.85% -16.81% -5.54% -15.65% -22.20% 4.31% 4.43% -21.39%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72%
26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.28% 26.27%
No. of Shareholders 10,51210,39010,31110,6371,30,59710,50310,48110,37610,42410,37310,31910,178

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