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Terai Tea Company Ltd. Stock Analysis

Small Cap
Evaluated by 45 users | BSE: 530533 | NSE: |
Trading
Terai Tea Company, incorporated in 1973, is the flagship company of Terai Group of Companies. At the time of incorporation, the company owned one tea estate namely Bagdogra Tea Estate with an installed capacity of 5 lakh kgs of made tea per annum.Presently, the group owns seven tea gardens and...

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
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.61%3.23%4.47%3.27%3.42%4.32%4.78%4.34%3.51%4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 52.440.367.183.184.212089.6129129141
Y-o-Y Gr. Rt.--23.1%66.3%24%1.4%42%-25.1%44.4%-0.2%9.1%
Adjusted EPS (Rs.) 0.75-0.050.560.570.230.211.571.731.291.91
Y-o-Y Gr. Rt.--106.7%NA1.8%-59.7%-8.7%647.6%10.2%-25.4%48.1%
Book Value per Share (Rs.) 49.2350.1750.7851.4452.0352.0153.690.9892.1694.07
Adjusted Net Profit 0.500.40.40.20.11.11.20.91.3
Net Op. Cash Flow (Rs. Cr.) -2.71.50.89.4-1.91.43.6292.7
Debt to Cash Flow from Ops -10.9720.6754.033.88-22.531.8711.6319.243.9512.39
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.
Terai Tea Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.6%10.8%16.3%9.1%
Adjusted EPS 11%52.7%6.8%48.1%
Book Value per Share 7.512.620.62.1
Share Price 1.7% -11.8% -16.1% 6.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 1.38-0.080.9910.40.372.72.311.412.05
Operating Profit Margin (%) 9.4212.49.876.696.835.476.864.514.14.06
Net Profit Margin (%) 0.99-0.080.570.470.190.121.210.920.690.93
Debt to Equity 0.880.911.281.031.211.241.120.630.560.52
Working Capital Days 268363217164211213307175133125
Cash Conversion Cycle 84884448382330342920
Entity Percentage Holding
Promoters 74.18%
Non-Institutions 25.82%
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 Terai Tea Co's performance infers:

Terai Tea Co earnings have grown by 52.7%, whereas share price has depreciated -11.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Terai Tea Co share prices over the last 10 years. Here is what we found out:

Terai Tea Co share price has depreciated -2.2% annually over the past ten years.

Terai Tea Company, incorporated in 1973, is the flagship company of Terai Group of Companies. At the time of incorporation, the company owned one tea estate namely Bagdogra Tea Estate with an installed capacity of 5 lakh kgs of made tea per annum.

Presently, the group owns seven tea gardens and five bought leaf factories with a combined annual capacity of 15 million kgs of made tea. The units of the group are scattered all over North Bengal around the town of Siliguri.

The

Terai Tea Company, incorporated in 1973, is the flagship company of Terai Group of Companies. At the time of incorporation, the company owned one tea estate namely Bagdogra Tea Estate with an installed capacity of 5 lakh kgs of made tea per annum.

Presently, the group owns seven tea gardens and five bought leaf factories with a combined annual capacity of 15 million kgs of made tea. The units of the group are scattered all over North Bengal around the town of Siliguri.

The company’s shares are listed on Bombay Stock Exchange, Calcutta Stock Exchange, Ahmedabad Stock Exchange and Jaipur Stock Exchange since 1995.

One of the company’s unit is also a government recognized Export House.

The company owns popular brands namely ‘Terai King’ ‘Terai Queen’, ‘Terai Rungneet’, ‘Terai Monarch’ ‘Terai Maharaja’ ‘Terai Snow view’ all over Russia.

The group is also engaged in export of various merchandise to Bangladesh and other Middle East Countries. There are several real estate projects in the town of Siliguri at present.

Terai also has a unique spectrum of offering in not only tea plantations and processing units, but it has also diversified its interest in the fields of tea manufacturing, tea export, garment export, food processing, real estate development, steel industries along with other interest.

The Terai group is in the process of setting up solar power projects at Rajasthan and a jute mill in the out skirts of Kolkata.

Units

  • Bagdogra Tea Estate : The tea garden located in Terai region of north Bengal with total area under plantation is 614.86 acres and produces 30 lakh kgs of made tea annually.    
  • CTC Tea Factory (Terai Tea Factory Unit) : The company set up this unit in November 1997 with an objective to produce CTC tea from the green leaf purchased from different suppliers. The unit produces 20 lakh kgs of tea annually.
  • Green Tea Factory (Sevoke Tea Factory Unit): This unit was commissioned on 14 July, 1999 with the sole object of producing good varieties of green teas from the tender leaves of Darjeeling. The product is being sold in the market at a premium and is widely accepted. The unit is at present producing 5 lakh kgs of premium green tea annually.  
  • CTC Tea Factory Unit (Adhikari Tea Factory Unit): This unit was commissioned on 17 February, 2002. The present installed capacity of the unit 25 lakh kgs of CTC tea per annum.
  • Karjeepara Tea Factory Unit: This unit is being set up by the company to manufacture CTC teas out of bought leaves. The unit has stated commercial production in July 2003. The installed capacity of the unit is 25 lakh kgs of made tea per annum.

The combined annual production capacity of Terai Tea Company is 10 million kg.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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