Warren Tea Ltd

₹ 68.0 -1.09%
31 Jan - close price
About

Warren Tea Limited, incorporated in 1977, is engaged in the growing, harvesting, manufacture and sale of tea. [1]

Key Points

Product Portfolio
The company produces primarily black tea of crush, tear and curl (CTC) variety. It produces tea crops which have rich liquor, brightness, briskness and strength. Tea being a natural product, the plantation activities are subject to the vagaries of nature. The crop yield depends on the climatic conditions to a very large extent. [1][2]

  • Market Cap 81.3 Cr.
  • Current Price 68.0
  • High / Low 93.8 / 61.6
  • Stock P/E 16.1
  • Book Value 91.4
  • Dividend Yield 0.00 %
  • ROCE 4.43 %
  • ROE 4.52 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.94% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of -2.92% over last 3 years.
  • Earnings include an other income of Rs.14.0 Cr.

* 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
47.68 29.73 8.90 14.45 53.13 27.22 11.13 17.18 41.47 25.28 5.81 17.87 24.21
31.08 55.33 31.16 16.35 31.72 39.97 12.47 17.65 34.78 29.54 11.75 15.92 19.79
Operating Profit 16.60 -25.60 -22.26 -1.90 21.41 -12.75 -1.34 -0.47 6.69 -4.26 -5.94 1.95 4.42
OPM % 34.82% -86.11% -250.11% -13.15% 40.30% -46.84% -12.04% -2.74% 16.13% -16.85% -102.24% 10.91% 18.26%
1.26 -0.46 0.75 0.11 0.45 11.73 9.97 1.53 -1.19 -0.06 13.58 0.04 0.46
Interest 1.26 1.42 1.46 1.68 1.37 0.99 0.85 0.50 0.63 0.69 0.71 0.57 0.71
Depreciation 0.77 0.76 0.43 0.68 0.68 0.84 0.28 0.48 0.51 0.51 0.49 0.37 0.44
Profit before tax 15.83 -28.24 -23.40 -4.15 19.81 -2.85 7.50 0.08 4.36 -5.52 6.44 1.05 3.73
Tax % 0.00% 0.00% 32.09% 0.00% 0.00% 0.00% -161.60% 0.00% 0.00% 0.00% -27.02% 0.00% 0.00%
Net Profit 15.83 -28.24 -15.89 -4.15 19.81 -2.85 19.62 0.08 4.36 -5.52 8.18 1.05 3.73
EPS in Rs 13.19 -23.53 -13.24 -3.46 16.51 -2.38 16.35 0.07 3.63 -4.60 6.82 0.88 3.11
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
209.03 212.75 119.06 140.15 130.34 138.42 109.71 118.99 118.50 122.91 105.93 89.74 73.17
171.72 196.05 97.93 109.56 114.79 132.85 129.32 123.76 135.77 148.27 100.51 93.72 77.00
Operating Profit 37.31 16.70 21.13 30.59 15.55 5.57 -19.61 -4.77 -17.27 -25.36 5.42 -3.98 -3.83
OPM % 17.85% 7.85% 17.75% 21.83% 11.93% 4.02% -17.87% -4.01% -14.57% -20.63% 5.12% -4.44% -5.23%
4.00 2.63 2.77 1.78 1.06 4.65 1.85 1.38 1.01 1.74 22.26 13.86 14.02
Interest 0.21 0.89 0.13 0.35 0.32 0.76 2.32 3.75 4.04 5.33 4.89 2.53 2.68
Depreciation 9.35 9.54 4.97 4.95 5.00 3.32 3.62 3.64 3.47 2.73 2.48 1.99 1.81
Profit before tax 31.75 8.90 18.80 27.07 11.29 6.14 -23.70 -10.78 -23.77 -31.68 20.31 5.36 5.70
Tax % 35.12% 33.03% 26.97% 25.23% -10.63% 25.41% 31.31% 26.81% 33.02% 23.71% -59.68% -32.46%
Net Profit 20.60 5.96 13.73 20.25 12.50 4.58 -16.28 -7.89 -15.92 -24.17 32.43 7.10 7.44
EPS in Rs 11.32 3.27 11.44 16.88 10.42 3.82 -13.57 -6.58 -13.27 -20.14 27.02 5.92 6.21
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: -8%
5 Years: -4%
3 Years: -9%
TTM: -25%
Compounded Profit Growth
10 Years: -3%
5 Years: 18%
3 Years: 32%
TTM: 391%
Stock Price CAGR
10 Years: -11%
5 Years: -10%
3 Years: 13%
1 Year: -20%
Return on Equity
10 Years: 0%
5 Years: -7%
3 Years: -3%
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
10.71 10.71 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95 11.95
Reserves 148.83 154.79 76.66 96.90 104.41 108.99 87.90 83.75 71.57 51.32 85.69 91.94 97.72
12.08 0.14 0.00 0.00 2.68 10.31 25.71 33.35 39.50 51.07 18.02 21.60 25.72
61.48 59.98 44.69 47.68 42.55 52.56 56.88 49.42 66.59 73.39 55.63 32.67 27.89
Total Liabilities 233.10 225.62 133.30 156.53 161.59 183.81 182.44 178.47 189.61 187.73 171.29 158.16 163.28
141.17 143.69 74.74 72.74 65.60 66.33 68.91 69.34 70.90 76.14 51.20 40.33 42.55
CWIP 0.77 0.62 0.36 0.47 0.45 1.17 12.47 15.17 17.28 17.03 4.04 16.46 16.81
Investments 3.19 3.19 1.60 16.60 23.62 33.26 32.80 33.15 33.15 33.14 33.15 33.15 33.15
87.97 78.12 56.60 66.72 71.92 83.05 68.26 60.81 68.28 61.42 82.90 68.22 70.77
Total Assets 233.10 225.62 133.30 156.53 161.59 183.81 182.44 178.47 189.61 187.73 171.29 158.16 163.28

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
28.89 -1.62 -8.00 16.47 17.63 2.64 -17.49 2.70 6.86 -0.59 -12.22 -5.15
5.56 -10.63 -1.65 -17.44 -19.65 -3.23 -9.75 -6.63 -9.00 -5.99 51.48 7.17
7.80 -12.87 -0.27 -0.35 2.36 6.95 13.14 3.92 2.10 6.55 -37.42 -2.82
Net Cash Flow 42.25 -25.12 -9.92 -1.32 0.34 6.36 -14.10 -0.02 -0.03 -0.03 1.84 -0.81

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 23.82 34.16 84.77 91.13 80.57 96.54 153.24 121.29 89.02 53.63 51.51 50.35
Inventory Days 217.88
Days Payable 497.30
Cash Conversion Cycle 23.82 34.16 84.77 91.13 80.57 96.54 153.24 121.29 89.02 53.63 51.51 -229.06
Working Capital Days 6.93 7.24 39.24 58.39 47.89 47.07 45.78 24.91 -24.76 -65.84 -24.19 -12.81
ROCE % 20.31% 5.98% 14.88% 27.77% 10.15% 3.85% -16.81% -5.54% -15.65% -22.20% 4.31% 4.43%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
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 26.28

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