Shri Vasuprada Plantations Ltd - Stock Valuation and Financial Performance

BSE: 538092 | NSE: | Tea/Coffee | Small Cap

Shri Vasuprada Plant Share Price

94.10 -1.90 -1.98%
as on 12-Jul'24 16:01

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Shri Vasuprada Plantations stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
78.5 Cr.
52-wk low:
67.4
52-wk high:
109.9

Is Shri Vasuprada Plantations Ltd an attractive stock to invest in?

1. Is Shri Vasuprada Plantations Ltd a good quality company?

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

2. Is Shri Vasuprada Plantations Ltd undervalued or overvalued?

The key valuation ratios of Shri Vasuprada Plantations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shri Vasuprada Plantations Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Vasuprada Plantations 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 Shri Vasuprada Plant:

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.
Shri Vasuprada Plantations 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.4%1.4%-0.1%-4.9%-3.4%-5.9%-9.5%-2.1%-3.1%-6%-
Value Creation
Index
-0.6-0.9-1.0-1.4-1.2-1.4-1.7-1.2-1.2-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 87.78810388.21009582.997.111210297
Sales YoY Gr.-0.4%16.9%-14.3%13.5%-5.1%-12.8%17.1%15.4%-8.8%-
Adj EPS 9-0.8-6.2-24.2-20.1-25.2-34.1-15.1-15.5-19.7-10
YoY Gr.--108.7%NANANANANANANANA-
BVPS (₹) 193.9189.6188256.1238.8221.3184168.5150.6163.7153.6
Adj Net
Profit
6-0.5-4.1-15.9-13.2-16.6-22.5-10-12.9-16.3-8
Cash Flow from Ops. -10.14.90.8-7.316.3-11.5-3.911.2-5.2-
Debt/CF from Ops. -4.68.681.1-10.862.47.3-5.7-21.55.8-9.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.7%0.4%7.3%-8.8%
Adj EPS -209%NANANA
BVPS-1.9%-7.3%-3.8%8.7%
Share Price 0.2% 3.3% 6.4% 27.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.6-0.4-3.2-10.8-8.1-11-16.8-8.6-10.9-12.5-6.3
Op. Profit
Mgn %
3.12.71.4-7.1-3.5-9-14.12.71.6-7.7-8.4
Net Profit
Mgn %
6.8-0.6-4-18.1-13.2-17.5-27.1-10.3-11.5-15.9-8.5
Debt to
Equity
0.40.30.50.50.40.30.50.80.50.40.2
Working Cap
Days
19416715420818614612112111211478
Cash Conv.
Cycle
44465090866045575655-12

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.36

Return on Equity is Poor

Sales growth has been subdued in last 3 years 7.25%

Sales growth is not so good in last 4 quarters at -2.07%

Latest Financials - Shri Vasuprada Plantations Ltd.

Standalone Consolidated
TTM EPS (₹) -10 -8
TTM Sales (₹ Cr.) 97.4 108
BVPS (₹.) 153.6 145
Reserves (₹ Cr.) 119 112
P/BV 0.62 0.65
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 67.44 / 109.90
All Time Low / High (₹) 42.96 / 699.00
Market Cap (₹ Cr.) 78.5
Equity (₹ Cr.) 8.3
Face Value (₹) 10
Industry PE 104.1

Management X-Ray of Shri Vasuprada Plant:

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 Shri Vasuprada Plant

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales87.7288.03102.9188.21100.1394.9882.8797.07112.04102.23
Operating Expenses 86.0585.62101.3195.18106.24103.7195.2695.16110.79110.62
Manufacturing Costs20.6919.1922.9120.9619.3519.7318.6417.0419.2323.02
Material Costs15.9715.9623.8813.7625.0925.2915.6918.1926.3717.58
Employee Cost 37.7641.7745.4150.2152.3352.7555.7854.4058.9262.77
Other Costs 11.638.709.1110.249.475.945.155.536.277.25
Operating Profit 1.672.411.60-6.97-6.11-8.73-12.391.921.25-8.39
Operating Profit Margin (%) 1.9%2.7%1.6%-7.9%-6.1%-9.2%-15.0%2.0%1.1%-8.2%
Other Income 14.866.648.155.626.629.061.160.821.221.49
Interest 4.374.195.597.577.546.426.398.619.747.20
Depreciation 3.313.894.056.886.446.326.356.286.957.02
Exceptional Items 00000000010.02
Profit Before Tax 8.850.970.11-15.80-13.46-12.41-23.98-12.15-14.22-11.11
Tax 3.04-0.090.73-1.64-1.70-1.32-1.04-1.68-1.01-1.47
Profit After Tax 5.811.06-0.62-14.15-11.77-11.10-22.94-10.47-13.21-9.63
PAT Margin (%) 6.6%1.2%-0.6%-16.0%-11.8%-11.7%-27.7%-10.8%-11.8%-9.4%
Adjusted EPS (₹)8.81.6-0.9-21.5-17.9-16.9-34.9-15.9-16.0-11.6
Dividend Payout Ratio (%)43%117%-67%-3%-2%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 131.65128.81127.74168.55157.15145.65121.11110.90124.73135.58
Share Capital 4.144.144.144.144.144.144.144.148.288.28
Reserves 127.51124.67123.60164.40153.01141.51116.96106.76116.44127.29
Minority Interest0000000000
Debt33.4136.1655.3870.0455.3340.2558.9577.9760.9946.18
Long Term Debt16.4610.6322.7925.4618126.158.2013.0728
Short Term Debt16.9525.5332.5944.5837.3328.2552.8069.7847.9218.18
Trade Payables3.333.122.943.804.594.754.913.703.333.54
Others Liabilities 22.3113.4016.1933.7029.6130.5734.7835.3433.2932.04
Total Liabilities 190.69181.47202.25276.09246.68221.23219.75227.92222.34217.34

Fixed Assets

Gross Block108.94117.18123197.17197.38199.71203.77209.58213.42217.20
Accumulated Depreciation32.9839.6343.0148.9754.9660.7566.4671.7977.2282.78
Net Fixed Assets75.9677.5479.99148.21142.42138.96137.31137.79136.20134.42
CWIP 0.551.480.543.125.455.966.684.365.574.49
Investments 44.8944.8944.8962.2847.5747.9948.3348.0448.4731.95
Inventories12.9511.1813.9723.9418.5911.9012.8421.9016.9116.62
Trade Receivables2.222.586.254.977.761.961.671.491.531.79
Cash Equivalents 28.3917.9929.748.843.030.480.440.380.413.49
Others Assets25.7325.8026.8724.7321.8713.9812.4913.9513.2424.59
Total Assets 190.69181.47202.25276.09246.68221.23219.75227.92222.34217.34

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -10.054.930.78-7.300.986.30-11.52-3.9111.15-5.18
PBT 8.850.970.11-15.80-13.46-12.41-23.98-12.15-14.22-11.11
Adjustment -5.742.476.2912.3110.213.6913.0515.5116.724.72
Changes in Working Capital -9.432.38-4.98-3.574.3915.01-0.05-6.878.961.63
Tax Paid -3.73-0.89-0.64-0.26-0.160.01-0.55-0.39-0.31-0.42
Cash Flow From Investing Activity 15.99-9.95-3.80-5.6218.0813.55-1.78-5.95-7.0111.79
Capex -4.62-8.83-5.68-6-4.83-3.13-5.32-6.04-6.98-4.17
Net Investments 0.522.19-2.98-15.1810.5016.9800-0.1215.77
Others 20.10-3.314.8615.5612.40-0.313.540.100.100.18
Cash Flow From Financing Activity 11.14-10.4414.397.37-24.86-22.3513.289.83-4.18-3.51
Net Proceeds from Shares 0000000024.850
Net Proceeds from Borrowing 17.20-12.2314.173.17-104-4.870.912.70-12.10
Interest Paid -4.59-4.14-5.49-7.34-7.11-7.03-6.27-7.92-9.73-8.25
Dividend Paid -1.56-2.65-1.34-0.45-0.5000000
Others 0.108.587.0512-7.25-19.3224.4216.84-22.0116.84
Net Cash Flow 17.08-15.4611.37-5.55-5.80-2.51-0.02-0.03-0.033.10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.610.84-0.5-9.68-7.23-7.33-17.2-9.03-11.21-7.4
ROCE (%)8.13.043.22-3.79-2.55-2.92-9.28-1.86-2.33-2.09
Asset Turnover Ratio0.480.470.540.370.380.410.380.430.50.47
PAT to CFO Conversion(x)-1.734.65N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days1110162323198656
Inventory Days48504578785954656360
Payable Days757446906167112864971

Shri Vasuprada Plantations Ltd Stock News

Shri Vasuprada Plantations Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shri Vasuprada Plant on 12-Jul-2024 16:01 is ₹94.10.
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-Jul-2024 16:01 the market cap of Shri Vasuprada Plant stood at ₹78.46.
The latest P/E ratio of Shri Vasuprada Plant as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of Shri Vasuprada Plant as of 12-Jul-2024 16:01 is 0.62.
The 52-week high of Shri Vasuprada Plant is ₹109.9 and the 52-week low is ₹67.44.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shri Vasuprada Plant is ₹97.36 ( Cr.) .

About Shri Vasuprada Plantations Ltd

Joonktollee Tea & Industries was established 134 years ago, on August 6, 1874. John Elliot was appointed to manage the affairs of a small tea estate in Upper Assam. The name is today synonymous with premium black and green teas.

In 1920’s the Elliot clan handed over the management and control to the managing agency of Kettlewell Bullen & Co. Ltd. Subsequently, in the year 1954, the house of Bangurs acquired the managing agency and the company and brought them under their fold. The name of the company was changed to “Joonktollee Tea & Industries” (JTIL). Since then the company has been under the management of the Bangurs. Over the years, the company has grown in stature and size and is a leader in producing quality teas and enjoying one of the best Assam CTC mark in North India. From a leading mark in premium orthodox teas, the company, changing with the times, is now regarded as one of the best Assam CTC mark and does have an unstinted track record of the business with the brand. Its green teas are also one of its kinds.

The performance on the financial front has also been spectacular. The company’s ordinary capital of Rs.80,000 has grown to Rs 323.36 lakh. The company has an uninterrupted dividend record for over 50 years. JTIL entered the new millennium with a vision to improve its performance on all fronts with the continued support of its shareholders, workers, staff, management and above all the connoisseurs of premium teas the world over.

To have a large capital base and net worth, two south India based plantation companies, viz. The Kalasa Tea  Produce Company Limited and Cowcoody Estates Limited belonging to the house of Bangurs stood merged with this company w.e.f. 1st April, 2001. The area of operation of the company was enlarged and diversified, since apart from tea, the transferor companies also deal in other plantation crops, viz., coffee, pepper, cardamom, areca, vanilla etc.

With a view to consolidate the resources of the company and to carry out the agro base activities more conveniently and advantageously with a larger asset base the company entered into Scheme of Arrangement w.e.f. 1st October, 2006 under which a subsidiary and six other companies merged with JTIL and certain assets were transferred to other subsidiary companies. The high courts of Kolkata, Chennai and Guwahati sanctioned the Scheme of Arrangement as per the terms consented by the shareholders and the financial results of 31st March, 2008 were prepared after giving effect of the aforesaid scheme.

Products:

• Tea• Coffee• Rubber

Divisions:

1. Plantation Division – North India

• Joonktollee Tea Estate

Joonktollee Tea Estate is situated in Barbam, Dibrugarh District of Upper Assam. The total area of the estate comprises 1867.98 acres, out of which 1202.82 acres is under plantation.

• Nilomoni Tea Estate

During the year 2004-2005, JTIL acquired controlling interest in Shyam Sundar Tea Co. Pvt. Ltd. (owner of Nilmoni Tea Estate) to ensure greater availability of green leaf to the expanded Joonktollee Tea Factory.

2. Plantation Division – South India

• Goomankhan Estate

The estate is situated at Hirebile, P.O. 577121, Chikmagalur District, Karnataka and produces multiple crops viz. tea, coffee, black pepper & areca. Its predominant crop being black tea, has an installed capacity of 8,25,000 Kg of made tea. The total area of the estate is 1015 acres of which planted area is 843 acres.

• Cowcoody Estate

Cowcoody Estate is located in the Western Ghats of South India at 3200 to 4000 Feet above MSL, in Coorg District, Somwarpet, in Karnataka. The estate is primarily engaged in the cultivation and production of coffee, apart from minor produces comprising of cardamom, black pepper, etc. Out of the total coffee production, 80% is parchment coffee.

Subsidiaries:

1. Jamirah Tea Company:

The company acquired controlling stake in Jamirah Tea Company during the financial year 2008-09 by investing Rs 1097 lakh. Jamirah Tea Company became the subsidiary of JTIL with effect from July 23, 2008. Jamirah Tea Company has a tea estate namely Jamirah Tea Estate near Dibrugarh, Assam with a capacity to produce 10 lakh kg of made tea.

2. Cochin Malabar Estates And Industries:

Cochin Malabar Estates And Industries was incorporated on March 14, 1930 and has been carrying on the business of rubber plantation in the states of Kerala & Karnataka. With the exit of  Jimmy Gazdar, the erstwhile promoter in 2006, the Bangurs have become the promoters of Cochin Malabar Estates And Industries Limited holding 53% of the paid up capital approx.

3. Gloster Real Estate:

Gloster Real Estate is a wholly owned subsidiary of the company incorporated on September 26, 2006 under the Companies Act, 1956 under the Registrar of Companies, West Bengal. It was incorporated with the main object of carrying out and to act as a constructing, creating, improving, altering, developing all types of infrastructural facilities relating to township project such as road, ropeways, dams, bridges, hotels etc. Gloster Real Estate Private Limited has real estate property in Kolkata generating a rental income.

4. Cowcoody Builders:

Cowcoody Builders is a wholly owned subsidiary of JTIL incorporated on September 26, 2006 under the Companies Act, 1956 under the Registrar of Companies, West Bengal. It was incorporated with the main object of carrying out and to act as a constructing, creating, improving, altering, developing all types of infrastructural facilities relating to township project such as road, ropeways, dams, bridges, hotels etc. Cowcoody Builders Private limited has real estate property in Coimbatore and Sreerampore, Kolkata generating a rental income and a building in Jaipur.

5. Pranav Infradev Company:

Pranav Infradev Company is a wholly owned subsidiary of the company incorporated on September 26, 2006 under the Companies Act, 1956 under the Registrar of Companies, West Bengal. It was incorporated with the main object of carrying out and to act as a constructing, creating, improving, altering, developing all types of infrastructural facilities relating to township project such as road, ropeways, dams, bridges, hotels etc.  Pranav Infradev Company Private Limited has real estate property near EM Bypass in Kolkata which will be developed.

Group Companies:

• Kettlewell Bullen & Company

• Phosphate Company

• Port Shipping Company

• Oriental Company

• Madhav Trading Corporation

• Cambay Investment Corporation

• Kherapati Vanijya

Certificates and Awards:

• ISO 22000 - Plantation, Processing, Marketing & Distrbution of Tea

• ISO 9000: 2008 - Marketing & Distribution of Tea

• ISO 9000: 2008 - Procession of Tea Leaves

• IILY 2008 - 6th India Coffee Quality Prize for 'Expresso' 2007-2008 (Classified 3rd)

• IILY 2008 - 6th India Coffee Quality Prize for 'Expresso' 2007-2008

• Golden Leaf 2007 - The Golden Leaf India Awards 2006-2007

• Golden Leaf 2005 - The Golden Leaf India Awards 2004-2005

• IILY 2005 - 3rd India Coffee Quality Prize for 'Expresso' 2004-2005  â€¢ IILY 2004 - 2nd India Coffee Quality Prize for 'Expresso' 2003-2004

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