Mcleod Russel India Ltd - Stock Valuation and Financial Performance

BSE: 532654 | NSE: MCLEODRUSS | Tea/Coffee | Small Cap

Mcleod Russel Share Price

24.03 -1.03 -4.11%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mcleod Russel

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Mcleod Russel India stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
251 Cr.
52-wk low:
16.9
52-wk high:
38

Is Mcleod Russel India Ltd an attractive stock to invest in?

1. Is Mcleod Russel India Ltd a good quality company?

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

2. Is Mcleod Russel India Ltd undervalued or overvalued?

The key valuation ratios of Mcleod Russel India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Mcleod Russel India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mcleod Russel India 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 Mcleod Russel:

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.
Mcleod Russel India 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 % 12.1%4.8%3.2%4.3%7.4%3.5%2.3%2.1%-0.9%-9.5%-
Value Creation
Index
-0.1-0.7-0.8-0.7-0.5-0.8-0.8-0.9-1.1-1.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4751,3881,5071,4851,5961,3138571,1121,1091,097928
Sales YoY Gr.--5.9%8.5%-1.4%7.5%-17.7%-34.8%29.8%-0.3%-1.1%-
Adj EPS 19.35.50.41.57.2-11.6-6.6-5.1-13-37.7-110.5
YoY Gr.--71.3%-93.7%337.1%367.3%-262.8%NANANANA-
BVPS (₹) 124121.4126.8127.7134.5129.2127.5127.7115.8147.8
Adj Net
Profit
21160.63.816.778.3-122-69.3-52.8-136-394-1,155
Cash Flow from Ops. 16512314781.283.9361-2.815370.8145-
Debt/CF from Ops. 1.33.34.49.711.64.5-749.213.326.612.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.2%-7.2%8.6%-1.1%
Adj EPS -207.7%-239.4%NANA
BVPS-21.5%-36.4%-52.1%-87.9%
Share Price -22.1% -22.5% 6.6% 40.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.43.20.214.4-7-4.2-3.2-8.8-41.6-1011.3
Op. Profit
Mgn %
18.69.15.82.12-6.34.714.78.16.1-2.6
Net Profit
Mgn %
14.34.40.31.14.9-9.3-8.1-4.8-12.3-35.9-124.5
Debt to
Equity
0.20.30.50.60.71.21.61.51.612.2-
Working Cap
Days
2152572733143396041,3231,1151,07792353
Cash Conv.
Cycle
142730292512-10056-547

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 8.58%

Debt to equity has increased versus last 3 years average to 12.20

Sales growth is not so good in last 4 quarters at -15.79%

Latest Financials - Mcleod Russel India Ltd.

Standalone Consolidated
TTM EPS (₹) -110.5 -112.2
TTM Sales (₹ Cr.) 928 1,167
BVPS (₹.) 7.8 21.4
Reserves (₹ Cr.) 30 172
P/BV 3.07 1.12
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 16.86 / 37.99
All Time Low / High (₹) 1.84 / 386.95
Market Cap (₹ Cr.) 251
Equity (₹ Cr.) 52.2
Face Value (₹) 5
Industry PE 88.7

Management X-Ray of Mcleod Russel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.080.060.060.060.060.060.060.060.060.06
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mcleod Russel

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
Sales1,4751,3881,5071,4851,5961,3138571,1121,1091,097
Operating Expenses 1,2071,2621,4231,4551,5841,4108199511,0211,035
Manufacturing Costs297315321324349276174240237242
Material Costs210211243197202154409512638
Employee Cost 522563679766837745515531575662
Other Costs 17817218016819623590858392
Operating Profit 268126843113-97381618862
Operating Profit Margin (%) 18.2%9.1%5.6%2.1%0.8%-7.4%4.4%14.5%7.9%5.7%
Other Income 4754981843243129313714
Interest 5666101128171327214187152184
Depreciation 24608183836962715653
Exceptional Items -3-100018011800-933
Profit Before Tax 2325305830-28-84-114-1,094
Tax 23-9-4-26164-40-3122-45
Profit After Tax 2086243167-412-53-136-1,049
PAT Margin (%) 14.1%4.5%0.3%2.1%4.2%-0.3%1.4%-4.8%-12.3%-95.7%
Adjusted EPS (₹)19.05.70.42.86.1-0.41.2-5.1-13.0-100.0
Dividend Payout Ratio (%)37%53%535%9%8%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 1,9201,8871,7401,7431,8111,6741,6421,6191,483409
Share Capital 55555555555252525252
Reserves 1,8651,8331,6861,6891,7561,6221,5891,5671,431357
Minority Interest0000000000
Debt1873746067238431,5001,9241,8351,6661,574
Long Term Debt50120216147349158531000
Short Term Debt1372543905754931,3421,8721,8251,6661,574
Trade Payables668811210210615672849686
Others Liabilities 6735947887949081,1041,1201,0781,2551,449
Total Liabilities 2,8462,9433,2473,3623,6684,4344,7584,6174,5003,517

Fixed Assets

Gross Block2,1502,2561,7071,7881,8381,2981,2891,3171,3771,416
Accumulated Depreciation49363281152232209273355410458
Net Fixed Assets1,6561,6231,6271,6361,6061,0891,015962966958
CWIP 39438382954753584340
Investments 240239307302325272170213222212
Inventories1271551661401259459839075
Trade Receivables28667671992615163328
Cash Equivalents 58109631719912012
Others Assets7518109781,1211,4122,5903,4273,1933,1262,192
Total Assets 2,8462,9433,2473,3623,6684,4344,7584,6174,5003,517

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1651231478184361-315371145
PBT 2325305830-28-84-114-1,094
Adjustment 357710383-3565722321861,133
Changes in Working Capital -461866-560281-55-403121
Tax Paid -56-25-23-1-2415945-5-14
Cash Flow From Investing Activity -55-151-250-64-98-319-6510-45-33
Capex -115-128-124-74-66510240-29-47-34
Net Investments 00040068000
Others 60-23-1267-32-829-9592921
Cash Flow From Financing Activity -10932106-1811261363-80-97-119
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 3766109-44266-193-60-1300
Interest Paid -53-64-101-128-170-320-101-16-6-26
Dividend Paid -76-76-38-32-3-6-1-100
Others -17106136185-83780525-50-91-93
Net Cash Flow 132-1-3304-29174-71-7
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.044.620.32.194.69-0.310.92-3.96-10.71-154.76
ROCE (%)19.137.25.366.2710.9712.045.823.031.17-36.23
Asset Turnover Ratio0.540.480.490.450.450.320.190.240.240.27
PAT to CFO Conversion(x)0.791.9836.752.611.25N/A-0.25N/AN/AN/A
Working Capital Days
Receivable Days6121718191795810
Inventory Days30373938303032232828
Payable Days1181331511991883101,043300262885

Mcleod Russel India Ltd Stock News

Mcleod Russel India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mcleod Russel on 28-Mar-2024 16:01 is ₹24.03.
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 28-Mar-2024 16:01 the market cap of Mcleod Russel stood at ₹251.0.
The latest P/E ratio of Mcleod Russel as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Mcleod Russel as of 28-Mar-2024 16:01 is 3.07.
The 52-week high of Mcleod Russel is ₹37.99 and the 52-week low is ₹16.86.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mcleod Russel is ₹927.8 ( Cr.) .

About Mcleod Russel India Ltd

McLeod Russel began planting tea in India in 1869 and today is the largest tea producing Company in the world. We manage forty-eight tea estates in the Assam Valley and five in the Dooars region of West Bengal, three factories in Vietnam, six estates in Uganda and the management control of the world renowned Gisovu estate in Rwanda signify our international presence. Every year our estates produce in excess of 100 million kilograms of black tea, which is marketed worldwide under the registered trademark as shown.

We came into being in 1869, when Captain J.H. Williamson and Richard Boycott Magor, two Englishmen based in Calcutta, formed a partnership firm, Williamson Magor & Company, to service the requirements of tea estates in Assam. The offices were originally at 7 New China Bazaar Street, Calcutta, before they moved in 1894 to Four Mangoe Lane, where the Company is still located albeit in a new office building inaugurated in late 1960s. The Williamson Magor partnership grew in strength over the years and decided to become a Public Limited Co. in 1954 in the name and style of Williamson Magor & Co. Limited.

Brij Mohan Khaitan, (who had a long standing relationship with the Company by virtue of being the principal supplier of Packaging Materials and Fertilizers, was invited to join the Board of Directors in 1963) eventually became the Managing Director in 1964 and took the Company to new heights. In 1975, Williamson Magor merged with Macneill & Barry Ltd. which had also had interests in Tea besides other businesses. The new Company was christened Macneill & Magor Limited.

1987 was another milestone year for the Company. The Guthrie family in the UK sold their shareholding in the McLeod Russel group which included the Makum and Namdang Tea Companies, to the Khaitan family, making the Macneill and Magor Group the single largest producer of Assam tea, a position still held by the Group. In 1992, Macneill and Magor Limited was renamed Williamson Magor & Co. Limited.

In 1994 the Williamson Magor Group through McLeod Russel (India) Limited bought 51% of the Equity Share holdings of Union Carbide India Limited. The Company was renamed Eveready Industries India Limited. Subsequently, McLeod Russel India Limited was merged with Eveready Industries India Limited to form a new Company with two Divisions - the Bulk Tea Division which managed the tea estates of McLeod Russel and the Battery Division which produced and marketed the popular Eveready batteries and flashlights.

In April 2004 Eveready Industries de-merged the two divisions into two separate companies, McLeod Russel India Limited and Eveready Industries India Limited. This enabled McLeod Russel to concentrate on its core business of tea production. Eveready, with the second largest retail distribution network in India, enjoys more than 50% market share in their battery and flashlight business.

In July 2005, McLeod Russel acquired Borelli Tea Holdings Limited from the Magor family based in England and took over the seventeen tea estates of its Indian subsidiary Williamson Tea Assam Ltd. Over the next two years McLeod Russel acquired two more quality tea companies in Assam, namely Doom Dooma Tea Company and the Moran Tea Company India Limited. All three companies acquired between 2005 and 2007 have been merged with McLeod Russel India Limited thereby making the Group the largest tea producing company in the world. In March 2009 our wholly owned subsidiary, Borelli Tea Holdings Limited, U.K., acquired 100% of the Charter Capital of Phu Ben Tea Company Limited, Vietnam. Phu Ben includes three tea estates and produces 4.5 million kilograms of Black CTC, Green CTC & Orthodox Green tea.

Rwenzori Tea Investments Ltd, Uganda, was initially set up as a para-statal in 1994. The company was bought by James Finlay International and the Commonwealth Development Council (CDC) which jointly rehabilitated the tea estates and factories. In 2001 the CDC sold its stake to James Finlay International. In 2010, Borelli Tea Holdings acquired the Rwenzori Tea Investments Limited from James Finlay International Tea Holdings Ltd. McLeod Russel intends to continue the programme of systematic upgrades to the factories and estates.

The Republic of Uganda, described as the "Pearl of Africa", is a landlocked country. It is situated north-west of Lake Victoria bordering Sudan to the north, Democratic Republic of Congo to the west, Rwanda and Tanzania to the south and Kenya to the east. A member of the newly formed East African Community (EAC), it has emerged from a difficult period to become a peaceful and stable nation.

In 2010 Mcleod Russel India Ltd acquired Borelli Tea Holdings Ltd . In 2011 the company set up of a subsidiary in Dubai.In February 2011 Borelli Tea Holdings took over management control of Gisovu Tea Company Limited in Rwanda. The country of Rwanda is also known as the "Land of a Thousand Hills" and borders Lake Kivu and the Democratic Republic of Congo to its west, whilst to the east lies Tanzania and Lake Victoria, to the south is Burundi and to the north is Uganda.

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