Goodricke Group Ltd - Stock Valuation and Financial Performance

BSE: 500166 | NSE: GOODRICKE | Tea/Coffee | Small Cap

Goodricke Group Share Price

173.70 -0.40 -0.23%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Goodricke Group

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Goodricke Group stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
375.2 Cr.
52-wk low:
160
52-wk high:
225

Is Goodricke Group Ltd an attractive stock to invest in?

1. Is Goodricke Group Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Goodricke Group Ltd is a below average quality company.

2. Is Goodricke Group Ltd undervalued or overvalued?

The key valuation ratios of Goodricke Group Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Goodricke Group Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Goodricke Group Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Goodricke Group:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Goodricke Group Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 16.8%11.2%-4.2%12.2%10.7%3.7%6%6.6%2.5%0.4%-
Value Creation
Index
0.2-0.2-1.3-0.1-0.2-0.7-0.6-0.5-0.8-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 579602587680731749791892823882794
Sales YoY Gr.-3.8%-2.5%16%7.4%2.5%5.7%12.7%-7.7%7.2%-
Adj EPS 15.310.1-4.515.514.64.37.29.32.5-1.2-18
YoY Gr.--33.9%-144.1%NA-5.9%-70.8%69.7%29.1%-73.4%-146.8%-
BVPS (₹) 93.898.7101.3135.1142.1141.9139.4147.8149.3143.9145.9
Adj Net
Profit
33.121.9-9.733.431.59.215.620.15.4-2.5-39
Cash Flow from Ops. 61.62254.760.323.639.740.417.667.49.9-
Debt/CF from Ops. 0.10.4000.81.31.94.20.55.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.8%3.8%3.7%7.2%
Adj EPS -175.1%-160.3%-154.4%-146.8%
BVPS4.9%0.3%1.1%-3.6%
Share Price 0.7% -4% -5.4% -4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.310.5-511.810.535.16.51.7-0.8-12.4
Op. Profit
Mgn %
9.75.92.17.36.14.13.953.21.1-4.5
Net Profit
Mgn %
5.73.6-1.74.94.31.222.30.7-0.3-4.9
Debt to
Equity
00000.10.20.30.20.10.2-
Working Cap
Days
25726721321016212516019317211398
Cash Conv.
Cycle
91102653328302932312521

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 3.69%

Sales growth is not so good in last 4 quarters at -5.69%

Latest Financials - Goodricke Group Ltd.

Standalone Consolidated
TTM EPS (₹) -18 -
TTM Sales (₹ Cr.) 794 -
BVPS (₹.) 145.9 -
Reserves (₹ Cr.) 293 -
P/BV 1.19 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 160.00 / 225.00
All Time Low / High (₹) 20.50 / 545.00
Market Cap (₹ Cr.) 375
Equity (₹ Cr.) 21.6
Face Value (₹) 10
Industry PE 92.6

Management X-Ray of Goodricke Group:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Goodricke Group

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales579602733680731749791892823882
Operating Expenses 523567718631686718761848797873
Manufacturing Costs104110119101111123120109113132
Material Costs172168256242260266277357274297
Employee Cost 173214252214237248278295321340
Other Costs 757592757780868689104
Operating Profit 5635154944313044269
Operating Profit Margin (%) 9.7%5.9%2.0%7.2%6.1%4.1%3.9%4.9%3.2%1.1%
Other Income 10101215211512111019
Interest 5331259866
Depreciation 13132114151621212121
Exceptional Items 0000000000
Profit Before Tax 49293494926132693
Tax 15715161716-4743
Profit After Tax 3322-1233329162050
PAT Margin (%) 5.8%3.7%-1.7%4.9%4.3%1.3%2.1%2.2%0.6%0.0%
Adjusted EPS (₹)15.410.3-5.615.314.74.47.69.02.4-0.2
Dividend Payout Ratio (%)29%44%-71%29%31%91%0%33%123%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 203213274292307306301319322311
Share Capital 22222222222222222222
Reserves 181192252270285285279298301289
Minority Interest0000000000
Debt8800144972682153
Long Term Debt0000143932262118
Short Term Debt88000104042035
Trade Payables726310197141137119138160137
Others Liabilities 244285274287100106332345132138
Total Liabilities 526569649676562598824870636639

Fixed Assets

Gross Block237253230251299364396417436456
Accumulated Depreciation1381512134496481104121138
Net Fixed Assets99102209217250300315313316317
CWIP 223337403134353333
Investments 00014000000
Inventories137163149132143155138181165148
Trade Receivables92913630745355605366
Cash Equivalents 841119131535181416
Others Assets18820821122742452482635659
Total Assets 526569649676562598824870636639

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 62226860244040186710
PBT 49293494926132693
Adjustment 15122314161932282523
Changes in Working Capital 8-4506-32-0-1-3133-18
Tax Paid -11-15-8-9-10-5-3-602
Cash Flow From Investing Activity -13-13-41-40-37-55-25-20-13-18
Capex -15-15-42-28-50-55-25-21-16-18
Net Investments 001-14150000-3
Others 2212-210032
Cash Flow From Financing Activity -50-14-22-126174-14-5810
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000193426-4-4225
Interest Paid -5-3-3-1-2-5-8-6-5-5
Dividend Paid -9-10-10-9-10-10-90-7-7
Others -36-1-10-2-2-2-5-4-4-4
Net Cash Flow -1-569-8219-17-42
PARTICULARSDec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.4110.7-4.9911.7210.63.15.376.31.64-0.1
ROCE (%)24.6814.952.2117.7716.58.925.938.774.022.22
Asset Turnover Ratio1.131.11.211.031.181.291.111.051.091.38
PAT to CFO Conversion(x)1.881N/A1.820.754.442.50.913.4N/A
Working Capital Days
Receivable Days55563218263125232525
Inventory Days85917775697367657765
Payable Days146147117149167191169131199183

Goodricke Group Ltd Stock News

Goodricke Group Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Goodricke Group on 12-Apr-2024 16:59 is ₹173.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Goodricke Group stood at ₹375.2.
The latest P/E ratio of Goodricke Group as of 12-Apr-2024 16:59 is 0.00.
The latest P/B ratio of Goodricke Group as of 12-Apr-2024 16:59 is 1.19.
The 52-week high of Goodricke Group is ₹225.0 and the 52-week low is ₹160.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goodricke Group is ₹794.0 ( Cr.) .

About Goodricke Group Ltd

Goodricke Group was incorporated in West Bengal on 14th June 1977 as a Public Limited Company under the provisions of the Companies Act 1956 (Act). The company grows, cultivates, manufactures, treats, blends, processes, buys, sells and deals in tea in various forms.

All the 17 existing tea gardens of Goodricke Group were owned by eight Sterling Tea Companies. They had established these tea gardens progressively in late 1800’s and were carrying on business in tea in India. Of this, 12 estates are in the district of Jalpaiguri, 3 in Darjeeling in West Bengal and 2 in Darrang district of Assam.

The sterling companies are -- Assam-Dooars Tea, Chulsa Tea, Hope Tea, Leesh River Tea, Lebong Tea, Danguajhar Tea, British Darjeeling Tea and Meenglas Tea.

Pursuant to Section 29(2)(a) of the Foreign Exchange Regulation Act, 1973, the Reserve Bank of India agreed to grant permission to carry on business to the Sterling companies subject to takeover of the Gardens by an Indian Company to be formed.

Accordingly based on schemes of merger and with the sanction of Calcutta High Court, the 8 Sterling Companies were amalgamated with Goodricke Group with effect from 1st January 1978.

Products:

  • Bulk Teas - CTC and Orthodox teas from the Dooars, Darjeeling and Assam gardens are sold in bulk form packed in paper sacks, jute bags or tea chests.
  • Instant tea - The Goodricke Group developed the concept of instant tea from green leaf at its research and development centre for 4 years before setting up the world’s first integrated Instant Tea Plant at Aibheel Tea Garden in the Dooars.

Brands:

The company’s diversified brands are:

  • Castleton Caddy
  • Goodricke Premium CTC leaf
  • Badamtam Chestlet
  • Goodricke Perfect
  • Badamtam Sencha Green Tea Caddy
  • Goodricke Fine Estate Tea Bags
  • Green Tea Carton
  • Goodricke CTC – Leaf & Dust
  • Thurbo Carton
  • Zabardast – Leaf & Dust
  • Margaret’s Hope Caddy
  • Gold Estate Carton – Leaf
  • Premium Darjeeling Carton
  • Nakshatra Carton – Dust
  • Special Darjeeling – Roasted Jar  
  • Three-in-one Pinewood Chestlet  
  • Three-in-one Metal Caddy 

Subsidiaries:

  • Stewart Holl (India),
  • Amgoorie India,
  • Koomber Properties and Leasing Company
  • Lawrie Plantation Services,
  • Borbam Investments,
  • Koomber Tea Company,
  • Lebong Investments 

Awards/ Achievements:

Apart from fetching world record prices in the recent past, Goodricke’s Castleton brand is also the first tea garden in the world to receive the ISO 9002 certification.

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