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Goodricke Group Ltd Stock Analysis

Small Cap
Evaluated by 474 users | BSE: 500166 | NSE: GOODRICKE |
Agriculture
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...

Analysis of Financial Track Record

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.
Value Creation
 Dec'10Dec'11Dec'12Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 34.78%23.25%11.71%16.83%11.18%-4.15%12.16%10.67%3.68%5.96%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 399460540579602587680731749791
Y-o-Y Gr. Rt.-15.3%17.4%7.4%3.8%-2.5%16%7.4%2.5%5.7%
Adjusted EPS (Rs.) 20.7117.139.6215.3210.13-4.4715.4814.574.257.21
Y-o-Y Gr. Rt.--17.3%-43.8%59.3%-33.9%-144.1%NA-5.9%-70.8%69.7%
Book Value per Share (Rs.) 66.3479.0283.6393.7898.67101.32135.13142.05141.88139.36
Adjusted Net Profit 44.73720.833.121.9-9.733.431.59.215.6
Net Op. Cash Flow (Rs. Cr.) 52.43.916.661.62254.760.323.639.740.4
Debt to Cash Flow from Ops 05.362.540.120.36000.811.331.94
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Goodricke Group Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.9%5.6%5.2%5.7%
Adjusted EPS -11.1%-6.6%-22.5%69.7%
Book Value per Share 8.67.21-1.8
Share Price 9.3% 7.8% -18.6% 31.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'10Dec'11Dec'12Dec'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 35.223.5611.8317.2710.53-4.9611.8310.5235.13
Operating Profit Margin (%) 16.4512.187.019.685.852.057.266.14.123.87
Net Profit Margin (%) 11.228.053.855.713.64-1.654.914.311.231.97
Debt to Equity 00.120.230.040.04000.060.170.26
Working Capital Days 235199211257267213210162125113
Cash Conversion Cycle 658294911026533283029
Entity Percentage Holding
Promoters 74.00%
Institutions 0.01%
Non-Institutions 25.99%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Goodricke Group Ltd's performance infers:

Goodricke Group Ltd earnings have declined by -6.6%, whereas share price has appreciated 7.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Goodricke Group Ltd share prices over the last 10 years. Here is what we found out:

Goodricke Group Ltd share price has appreciated 6.5% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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