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BSE: 530959 | NSE: | Tea/Coffee | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Diana Tea Company Ltd is a below average quality company.
The key valuation ratios of Diana Tea Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Diana Tea Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.9% | 3.4% | -9.9% | 4.1% | 4.4% | 0.1% | 2.6% | 7.5% | 9.6% | -1.1% | - |
| Value Creation Index ⓘ | -0.9 | -0.8 | -1.7 | -0.7 | -0.7 | -1.0 | -0.8 | -0.5 | -0.3 | -1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 40.3 | 43.8 | 44.9 | 52.3 | 60.8 | 62.3 | 61.1 | 70.4 | 75.2 | 76.3 | 76 |
| Sales YoY Gr. | - | 8.8% | 2.6% | 16.3% | 16.4% | 2.5% | -1.9% | 15.3% | 6.7% | 1.5% | - |
| Adj EPS ⓘ | 0.3 | 1.5 | -5 | 1.5 | 1.5 | -0.8 | 0.3 | 3.2 | 4.9 | -1.7 | -1.7 |
| YoY Gr. | - | 400% | -436% | NA | 4.8% | -149.7% | NA | 909.4% | 51.7% | -134.1% | - |
| BVPS (₹) ⓘ | 34.5 | 35.7 | 36.4 | 41.2 | 30.8 | 29.8 | 29.9 | 34.1 | 39.2 | 37.1 | 43.1 |
| Adj Net Profit ⓘ | 0.5 | 2.3 | -7.6 | 2.2 | 2.3 | -1.2 | 0.5 | 4.9 | 7.4 | -2.5 | -3 |
| Cash Flow from Ops. ⓘ | 13.6 | 2.7 | 3.6 | 1 | 4.8 | 4.2 | 4.3 | 4.1 | 10.3 | 2.1 | - |
| Debt/CF from Ops. ⓘ | 0.5 | 3.4 | 2.5 | 13.5 | 2.4 | 4.5 | 5.4 | 5.5 | 1.9 | 16.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.4% | 4.6% | 7.7% | 1.5% | ||||
| Adj EPS ⓘ | -221% | -201.8% | -273.5% | -134.1% | ||||
| BVPSⓘ | 0.8% | 3.8% | 7.4% | -5.4% | ||||
| Share Price | 8.6% | 13.8% | 19.4% | 13% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.6 | 2.9 | -12.8 | 3.4 | 3.7 | -1.9 | 0.8 | 7.8 | 10.8 | -3.6 | -4.2 |
| Op. Profit Mgn % ⓘ | 7.6 | 6.4 | -16.2 | 6.3 | 6.7 | 0.5 | 4.2 | 11.6 | 13.2 | -2.5 | 11.7 |
| Net Profit Mgn % ⓘ | 1.1 | 5.1 | -16.8 | 4.2 | 3.8 | -1.8 | 0.8 | 6.9 | 9.8 | -3.3 | -3.3 |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | 0.6 | - |
| Working Cap Days ⓘ | 355 | 294 | 208 | 194 | 154 | 127 | 138 | 125 | 117 | 146 | 47 |
| Cash Conv. Cycle ⓘ | 158 | 106 | 60 | 26 | 21 | 18 | 15 | 13 | 18 | 28 | 10 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years 7.68%
Net Profit has been subdued in last 3 years -273.46%
Sales growth is not so good in last 4 quarters at -8.25%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.7 | 3.9 |
| TTM Sales (₹ Cr.) | 76.3 | 77.6 |
| BVPS (₹.) ⓘ | 43.1 | 0 |
| Reserves (₹ Cr.) ⓘ | 57 | 60 |
| P/BV ⓘ | 0.64 | 0.00 |
| PE ⓘ | 0.00 | 7.06 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 20.00 / 35.50 |
| All Time Low / High (₹) | 5.13 / 91.25 |
| Market Cap (₹ Cr.) | 41.1 |
| Equity (₹ Cr.) | 7.5 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 91.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 40.25 | 43.80 | 56.16 | 52.27 | 60.82 | 62.31 | 61.11 | 70.44 | 75.17 | 76.29 |
| Operating Expenses ⓘ | 37.33 | 41.10 | 66.06 | 49.02 | 56.79 | 62.11 | 58.55 | 62.34 | 65.32 | 78.19 |
| Manufacturing Costs | 11.11 | 12.60 | 15.68 | 11.97 | 13.96 | 14.16 | 13.24 | 14.96 | 15.78 | 18.48 |
| Material Costs | 1.01 | 0.15 | 7.51 | 3 | 6.48 | 7.95 | 3.43 | 4.18 | -0.71 | 1.54 |
| Employee Cost | 20.13 | 22.91 | 35.23 | 28.44 | 30.80 | 34.10 | 36.69 | 36.66 | 45.08 | 51.03 |
| Other Costs ⓘ | 5.08 | 5.44 | 7.64 | 5.60 | 5.55 | 5.91 | 5.20 | 6.53 | 5.16 | 7.15 |
| Operating Profit ⓘ | 2.92 | 2.70 | -9.89 | 3.26 | 4.03 | 0.19 | 2.56 | 8.10 | 9.85 | -1.90 |
| Operating Profit Margin (%) | 7.3% | 6.2% | -17.6% | 6.2% | 6.6% | 0.3% | 4.2% | 11.5% | 13.1% | -2.5% |
| Other Income ⓘ | 1.56 | 1.93 | 2.17 | 1.82 | 1.37 | 1.62 | 1.72 | 1.78 | 2.04 | 2.64 |
| Interest ⓘ | 1.86 | 1.04 | 1.59 | 1.39 | 1.38 | 1.76 | 2.25 | 2.21 | 1.75 | 2.10 |
| Depreciation ⓘ | 0.87 | 0.95 | 1.14 | 1.41 | 1.34 | 1.55 | 1.60 | 1.68 | 1.76 | 1.87 |
| Exceptional Items ⓘ | -1.23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.52 | 2.64 | -10.44 | 2.28 | 2.67 | -1.49 | 0.43 | 5.99 | 8.38 | -3.23 |
| Tax ⓘ | 1 | 0.47 | -0.46 | 0.10 | 0.42 | -0.31 | -0.04 | 1.18 | 1.06 | -0.73 |
| Profit After Tax | -0.48 | 2.17 | -9.98 | 2.18 | 2.26 | -1.19 | 0.47 | 4.82 | 7.32 | -2.50 |
| PAT Margin (%) | -1.2% | 4.9% | -17.8% | 4.2% | 3.7% | -1.9% | 0.8% | 6.8% | 9.7% | -3.3% |
| Adjusted EPS (₹) | -0.3 | 1.4 | -6.7 | 1.5 | 1.5 | -0.8 | 0.3 | 3.2 | 4.9 | -1.7 |
| Dividend Payout Ratio (%) | -78% | 17% | -4% | 17% | 17% | 0% | 0% | 16% | 10% | 0% |
| PARTICULARS | Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 78.41 | 79.85 | 68.26 | 61.73 | 62.74 | 59.92 | 59.15 | 64.68 | 71.46 | 67.54 |
| Share Capital ⓘ | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 | 7.50 |
| Reserves ⓘ | 70.91 | 72.36 | 60.76 | 54.24 | 55.24 | 52.42 | 51.65 | 57.19 | 63.96 | 60.04 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 6.04 | 7.65 | 9.72 | 11.83 | 10.28 | 17.65 | 20.97 | 19.86 | 18 | 32.24 |
| Long Term Debt | 4.15 | 3.27 | 4.29 | 6.06 | 8.41 | 12.28 | 12.28 | 13.79 | 8.44 | 9.71 |
| Short Term Debt | 1.89 | 4.38 | 5.43 | 5.77 | 1.87 | 5.37 | 8.68 | 6.07 | 9.56 | 22.53 |
| Trade Payables | 2.19 | 2.41 | 3.27 | 3.37 | 4.20 | 3.23 | 3.89 | 3.48 | 2.87 | 3.42 |
| Others Liabilities ⓘ | 7.28 | 10.49 | 11.18 | 11.17 | 8.87 | 10.16 | 9.53 | 10.62 | 10.09 | 8.98 |
| Total Liabilities ⓘ | 93.91 | 100.40 | 92.43 | 88.11 | 86.09 | 90.96 | 93.54 | 98.65 | 102.42 | 112.17 |
Fixed Assets | ||||||||||
| Gross Block | 69.18 | 71.77 | 74.10 | 55.02 | 60.62 | 66.92 | 69.96 | 73.04 | 75.33 | 78.35 |
| Accumulated Depreciation | 12.65 | 13.51 | 14.65 | 1.20 | 2.50 | 3.96 | 5.56 | 6.89 | 8.49 | 10.36 |
| Net Fixed Assetsⓘ | 56.53 | 58.26 | 59.45 | 53.82 | 58.13 | 62.96 | 64.40 | 66.15 | 66.84 | 67.99 |
| CWIP ⓘ | 0.12 | 0 | 0 | 1.23 | 1.63 | 0.01 | 0.07 | 0 | 0 | 0.30 |
| Investmentsⓘ | 3.69 | 3.63 | 5.54 | 2.62 | 3.71 | 4.58 | 4.15 | 5.16 | 5.68 | 5.30 |
| Inventories | 10.11 | 12.85 | 6.35 | 5.92 | 6.50 | 4.78 | 5.04 | 5.26 | 6.94 | 7.58 |
| Trade Receivables | 3.85 | 3.70 | 1.20 | 1.55 | 1.56 | 1.11 | 1.72 | 1.56 | 1.09 | 2.65 |
| Cash Equivalents | 0.64 | 0.57 | 1.15 | 1.03 | 0.82 | 1.92 | 0.25 | 3.93 | 5.01 | 2.56 |
| Others Assetsⓘ | 18.98 | 21.40 | 18.72 | 21.95 | 13.75 | 15.60 | 17.90 | 16.59 | 16.87 | 25.78 |
| Total Assets ⓘ | 93.91 | 100.40 | 92.43 | 88.11 | 86.09 | 90.96 | 93.54 | 98.65 | 102.42 | 112.17 |
| PARTICULARS | Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 13.58 | 2.65 | 4.54 | 0.96 | 4.77 | 4.24 | 4.31 | 4.13 | 10.33 | 2.09 |
| PBT ⓘ | 0.52 | 2.64 | -10.44 | 2.28 | 2.67 | -1.49 | 0.43 | 5.99 | 8.38 | -3.23 |
| Adjustment ⓘ | 1.57 | 0.33 | 1.59 | 1.04 | 1.46 | 1.95 | 2.34 | 2.34 | 1.65 | 1.52 |
| Changes in Working Capital ⓘ | 11.63 | -0.01 | 13.76 | -2.03 | 1.01 | 3.91 | 1.86 | -3.56 | 0.76 | 4.26 |
| Tax Paid ⓘ | -0.15 | -0.30 | -0.36 | -0.33 | -0.37 | -0.12 | -0.31 | -0.64 | -0.46 | -0.47 |
| Cash Flow From Investing Activity ⓘ | -1.90 | -2.98 | -2.88 | -0.95 | -5.68 | -5.80 | -3.80 | -0.30 | -1.27 | -3.13 |
| Capex | -2.71 | -2.99 | -4.08 | -4.87 | -6.93 | -6 | -3.75 | -3.87 | -2.98 | -3.71 |
| Net Investments | 0 | 0 | -2.25 | 2.56 | -1.12 | -1.02 | -0.25 | 0.18 | 0.21 | 0.08 |
| Others ⓘ | 0.81 | 0.01 | 3.45 | 1.35 | 2.36 | 1.22 | 0.20 | 3.38 | 1.50 | 0.51 |
| Cash Flow From Financing Activityⓘ | -11.84 | 0.26 | -1.07 | -0.47 | 0.57 | 2.46 | -1.55 | -0.15 | -8.13 | -1.44 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.61 | -0.87 | 1.01 | 1.36 | 2.34 | 4.30 | 0.68 | 2.18 | -5.35 | 1.27 |
| Interest Paid ⓘ | -2.02 | -0.96 | -1.68 | -1.44 | -1.37 | -1.44 | -2.23 | -2.33 | -2.02 | -1.95 |
| Dividend Paid ⓘ | -0.40 | -0.39 | -0.40 | -0.40 | -0.40 | -0.41 | 0 | 0 | -0.75 | -0.75 |
| Others ⓘ | -8.82 | 2.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -0.16 | -0.07 | 0.59 | -0.47 | -0.34 | 0.90 | -1.04 | 3.68 | 0.93 | -2.47 |
| PARTICULARS | Dec'13 | Dec'14 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.92 | 4.11 | -16.39 | 3.36 | 4.18 | -2.61 | 1.04 | 10.03 | 13.32 | -4.37 |
| ROCE (%) | 3.74 | 6.06 | -12.47 | 4.76 | 6.13 | 0.44 | 4.07 | 11.57 | 13.27 | -1.34 |
| Asset Turnover Ratio | 0.4 | 0.45 | 0.58 | 0.58 | 0.7 | 0.7 | 0.66 | 0.73 | 0.75 | 0.71 |
| PAT to CFO Conversion(x) | N/A | 1.22 | N/A | 0.44 | 2.11 | N/A | 9.17 | 0.86 | 1.41 | N/A | Working Capital Days |
| Receivable Days | 100 | 31 | 16 | 10 | 9 | 8 | 8 | 9 | 6 | 9 |
| Inventory Days | 89 | 95 | 62 | 43 | 37 | 33 | 29 | 27 | 30 | 35 |
| Payable Days | 1,117 | 5,433 | 138 | 404 | 213 | 171 | 379 | 322 | -1,643 | 745 |
Diana Tea Company is a tea-producing company, which was promoted by Late Radheshyam Singhania in 1976. Radheshyam Singhania had bought this company from Nawab Gulam Jabbar and family. Then, the company had only one garden producing 242,000 Kg of tea and a book loss of Rs 37.6 lakhs.
The company is among top five producers of tea in the Dooars region. It has four tea gardens, namely Baintgoorie Tea Estate, Goodhope Tea Estate, Ambari Tea Estate and Diana Tea Estate. All its gardens are located in Jalpaiguri. The total capacity of the company is 5 million kg of tea per annum. Out of this, 1.02 million Kg of tea is produced by Diana Tea Estate alone.
In the year 1994 the management of the company desired to share its success with public and accordingly made an initial public issue of its equity shares at a premium of Rs 55 per share which was oversubscribed 2.5 times and listed in four major stock exchanges of the country namely Mumbai, Kolkata, New Delhi and Ahmedabad.
The company supplies tea in markets like Haryana, Rajasthan, Punjab, Uttar Pradesh, Gujarat, Bihar, Maharashtra and Madhya Pradesh. The company exports its product through auction houses like Carrittt Moran & Co., J. Thomas & Co. and Parcon India. The company has entered the packet tea segment to be sold throughout North India through its distributor network. It has also entered the dipping tea bag segment and has installed vending machines in reputed corporate houses of Kolkata.
The registered office of the company is located at ‘Sir RNM House’, 4th floor, 3/B, Lal Bazar Street, Kolkata - 700 001.
Products :
Packet Tea
Diana packet tea is primarily targeted at regular consumers and is available through its network of retailers and wholesalers in the north and north western regions of the country. Available in attractive packing of 250 grams, Diana packet tea comes from the Dooars region of India and its rich taste, strong natural flavor and sensuous aroma is bound to soothe senses. It is extremely popular in Haryana, Rajasthan and Chhattisgarh. The company aims to expand the market for this product by targeting new market segments in the near future.
Bulk Tea
Diana’s bulk tea is primarily marketed by way of public auction system, private sales and direct sales. Its bulk tea is available in packages of 26 kgs and 35 kgs contained in jute boeing, jute laminated bags and wooden chests and is sold all over the country. The tea is packed fresh and symbolizes high quality. It is most popular in Haryana, especially primary grades like BP and BOPSM. Apart from North and North Western regions of India, the tea is increasingly popular in areas of West Bengal, Uttar Pradesh, Gujarat Chhattisgarh, and Maharashtra. Diana Tea Company is constantly seeking expansion by targeting newer regional markets such as Karnataka and Tamil Nadu, where it is gaining momentum in terms of greater popularity and increasing sales.
Dipping Tea Bags
Diana dipping tea bags comes from the regions of Dooars and Assam and is renowned for its rich taste, strong natural flavor and sensuous aroma to soothe senses. Tea bags are available in boxes consisting of 100 tea bags or 25 tea bags respectively. The tea bags are primarily targeted at Indian Railways, corporate offices and retail stores within India.
Wooden Keddies
The company’s product is available in beautifully packed wooden keddies, making it ideal for gifting purposes, complimentary gifts and for general retail sales. Wooden keddies are available in boxes of 250 grams each.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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