Is Goodricke Group 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 .

Is Goodricke Group 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 .

What is Goodricke Group share price return in the past 10 years?

Goodricke Group Ltd share price has appreciated 0.3% annually (CAGR) over the past ten years.

Is Goodricke Group 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.

Goodricke Group Ltd - Stock Valuation and Financial Performance

Name: Goodricke Group
Brand: Goodricke Group

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

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Goodricke Group Share Price

₹170.40 -1.15 -0.67%
as on 23-Apr'24 15:45

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'13	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
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 ⓘ	579	602	587	680	731	749	791	892	823	882	794
Sales YoY Gr.	-	3.8%	-2.5%	16%	7.4%	2.5%	5.7%	12.7%	-7.7%	7.2%	-
Adj EPS ⓘ	15.3	10.1	-4.5	15.5	14.6	4.3	7.2	9.3	2.5	-1.2	-18
YoY Gr.	-	-33.9%	-144.1%	NA	-5.9%	-70.8%	69.7%	29.1%	-73.4%	-146.8%	-
BVPS (₹) ⓘ	93.8	98.7	101.3	135.1	142.1	141.9	139.4	147.8	149.3	143.9	145.9
Adj Net Profit ⓘ	33.1	21.9	-9.7	33.4	31.5	9.2	15.6	20.1	5.4	-2.5	-39
Cash Flow from Ops. ⓘ	61.6	22	54.7	60.3	23.6	39.7	40.4	17.6	67.4	9.9	-
Debt/CF from Ops. ⓘ	0.1	0.4	0	0	0.8	1.3	1.9	4.2	0.5	5.8	-

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%
BVPSⓘ	4.9%	0.3%	1.1%	-3.6%
Share Price	0.3%	-4.9%	-6.2%	-0.4%

Key Financial Parameters ⓘ

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 % ⓘ	17.3	10.5	-5	11.8	10.5	3	5.1	6.5	1.7	-0.8	-12.4
Op. Profit Mgn % ⓘ	9.7	5.9	2.1	7.3	6.1	4.1	3.9	5	3.2	1.1	-4.5
Net Profit Mgn % ⓘ	5.7	3.6	-1.7	4.9	4.3	1.2	2	2.3	0.7	-0.3	-4.9
Debt to Equity ⓘ	0	0	0	0	0.1	0.2	0.3	0.2	0.1	0.2	-
Working Cap Days ⓘ	257	267	213	210	162	125	160	193	172	113	98
Cash Conv. Cycle ⓘ	91	102	65	33	28	30	29	32	31	25	21

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 ⓘ	1.17	-
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.)	368
Equity (₹ Cr.)	21.6
Face Value (₹)	10
Industry PE ⓘ	103

Management X-Ray of Goodricke Group:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Goodricke Group

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Goodricke Group

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'13	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	579	602	733	680	731	749	791	892	823	882
Operating Expenses ⓘ	523	567	718	631	686	718	761	848	797	873
Manufacturing Costs	104	110	119	101	111	123	120	109	113	132
Material Costs	172	168	256	242	260	266	277	357	274	297
Employee Cost	173	214	252	214	237	248	278	295	321	340
Other Costs ⓘ	75	75	92	75	77	80	86	86	89	104
Operating Profit ⓘ	56	35	15	49	44	31	30	44	26	9
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 ⓘ	10	10	12	15	21	15	12	11	10	19
Interest ⓘ	5	3	3	1	2	5	9	8	6	6
Depreciation ⓘ	13	13	21	14	15	16	21	21	21	21
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	49	29	3	49	49	26	13	26	9	3
Tax ⓘ	15	7	15	16	17	16	-4	7	4	3
Profit After Tax	33	22	-12	33	32	9	16	20	5	0
PAT Margin (%)	5.8%	3.7%	-1.7%	4.9%	4.3%	1.3%	2.1%	2.2%	0.6%	0.0%
Adjusted EPS (₹)	15.4	10.3	-5.6	15.3	14.7	4.4	7.6	9.0	2.4	-0.2
Dividend Payout Ratio (%)	29%	44%	-71%	29%	31%	91%	0%	33%	123%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	203	213	274	292	307	306	301	319	322	311
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	22
Reserves ⓘ	181	192	252	270	285	285	279	298	301	289
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	8	8	0	0	14	49	72	68	21	53
Long Term Debt	0	0	0	0	14	39	32	26	21	18
Short Term Debt	8	8	0	0	0	10	40	42	0	35
Trade Payables	72	63	101	97	141	137	119	138	160	137
Others Liabilities ⓘ	244	285	274	287	100	106	332	345	132	138
Total Liabilities ⓘ	526	569	649	676	562	598	824	870	636	639
Fixed Assets
Gross Block	237	253	230	251	299	364	396	417	436	456
Accumulated Depreciation	138	151	21	34	49	64	81	104	121	138
Net Fixed Assetsⓘ	99	102	209	217	250	300	315	313	316	317
CWIP ⓘ	2	2	33	37	40	31	34	35	33	33
Investmentsⓘ	0	0	0	14	0	0	0	0	0	0
Inventories	137	163	149	132	143	155	138	181	165	148
Trade Receivables	92	91	36	30	74	53	55	60	53	66
Cash Equivalents	8	4	11	19	13	15	35	18	14	16
Others Assetsⓘ	188	208	211	227	42	45	248	263	56	59
Total Assets ⓘ	526	569	649	676	562	598	824	870	636	639

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	62	22	68	60	24	40	40	18	67	10
PBT ⓘ	49	29	3	49	49	26	13	26	9	3
Adjustment ⓘ	15	12	23	14	16	19	32	28	25	23
Changes in Working Capital ⓘ	8	-4	50	6	-32	-0	-1	-31	33	-18
Tax Paid ⓘ	-11	-15	-8	-9	-10	-5	-3	-6	0	2
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	0	0	1	-14	15	0	0	0	0	-3
Others ⓘ	2	2	1	2	-2	1	0	0	3	2
Cash Flow From Financing Activityⓘ	-50	-14	-22	-12	6	17	4	-14	-58	10
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	19	34	26	-4	-42	25
Interest Paid ⓘ	-5	-3	-3	-1	-2	-5	-8	-6	-5	-5
Dividend Paid ⓘ	-9	-10	-10	-9	-10	-10	-9	0	-7	-7
Others ⓘ	-36	-1	-10	-2	-2	-2	-5	-4	-4	-4
Net Cash Flow ⓘ	-1	-5	6	9	-8	2	19	-17	-4	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'13	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	17.41	10.7	-4.99	11.72	10.6	3.1	5.37	6.3	1.64	-0.1
ROCE (%)	24.68	14.95	2.21	17.77	16.5	8.92	5.93	8.77	4.02	2.22
Asset Turnover Ratio	1.13	1.1	1.21	1.03	1.18	1.29	1.11	1.05	1.09	1.38
PAT to CFO Conversion(x)	1.88	1	N/A	1.82	0.75	4.44	2.5	0.9	13.4	N/A
Working Capital Days
Receivable Days	55	56	32	18	26	31	25	23	25	25
Inventory Days	85	91	77	75	69	73	67	65	77	65
Payable Days	146	147	117	149	167	191	169	131	199	183

Goodricke Group Ltd Stock News

Goodricke Group Ltd FAQs

What is the share price of Goodricke Group?

Company share prices are keep on changing according to the market conditions. The closing price of Goodricke Group on 23-Apr-2024 15:45 is ₹170.4.

What is the market cap of Goodricke Group?

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 23-Apr-2024 15:45 the market cap of Goodricke Group stood at ₹368.1.

What is the P/E ratio of Goodricke Group?

The latest P/E ratio of Goodricke Group as of 23-Apr-2024 15:45 is 0.00.

What is the P/B ratio of Goodricke Group?

The latest P/B ratio of Goodricke Group as of 23-Apr-2024 15:45 is 1.17.

What is the 52-week high and low of Goodricke Group?

The 52-week high of Goodricke Group is ₹225.0 and the 52-week low is ₹160.0.

What is the TTM revenue of Goodricke Group?

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 14^th 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 1800â€™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 1^st 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 worldâ€™s first integrated Instant Tea Plant at Aibheel Tea Garden in the Dooars.

Brands:

The companyâ€™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 â€“ Leaf & Dust
Thurbo Carton
Zabardast â€“ Leaf & Dust
Margaretâ€™s Hope Caddy
Gold Estate Carton â€“ Leaf
Premium Darjeeling Carton
Nakshatra Carton â€“ Dust
Special Darjeeling â€“ 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, Goodrickeâ€™s Castleton brand is also the first tea garden in the world to receive the ISO 9002 certification.