Rossell India Ltd - Stock Valuation and Financial Performance

BSE: 533168 | NSE: ROSSELLIND | Defence | Small Cap

Rossell India Share Price

105.35 5.65 5.67%
as on 08-Oct'24 16:01

DeciZen - make an informed investing decision on Rossell India

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Rossell India stock performance -

mw4me loader
P/E Ratio (SA):
25.02
Market Cap:
375.8 Cr.
52-wk low:
96.6
52-wk high:
665

Is Rossell India Ltd an attractive stock to invest in?

1. Is Rossell India Ltd a good quality company?

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

2. Is Rossell India Ltd undervalued or overvalued?

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

3. Is Rossell India Ltd a good buy now?

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

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.
Rossell 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 6.3%8.9%0.3%2.8%4.1%12.2%14.8%10.9%10.1%6.4%-
Value Creation
Index
-0.6-0.4-1.0-0.8-0.7-0.10.1-0.2-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 140161163198249316322299354367364
Sales YoY Gr.-14.8%1.3%21.5%25.4%26.9%2.1%-7.2%18.2%3.7%-
Adj EPS 0.81.9-0.8-0.20.15.796.36.82.64
YoY Gr.-148%-143%NANA3971.4%58.3%-30.2%7.5%-61%-
BVPS (₹) 44.246.246.24646.150.758.967.176.178.879.6
Adj Net
Profit
2.86.8-3-0.70.520.933.123.125.59.915
Cash Flow from Ops. -2.37.3-4.2-3.2-528.135.333.825.45.4-
Debt/CF from Ops. -23.89.8-19.4-31.1-26.26.954.56.436.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.3%8.1%4.4%3.7%
Adj EPS 15%79.9%-33.6%-61%
BVPS6.6%11.3%10.2%3.6%
Share Price 4.9% 13.3% -14.7% -79.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.33.2-1.5-0.40.311.816.5109.63.45
Op. Profit
Mgn %
14.314.82.36.88.31721.51514.910.510.8
Net Profit
Mgn %
24.2-1.8-0.30.26.610.37.77.22.74.1
Debt to
Equity
0.30.40.50.60.81.10.80.60.60.7-
Working Cap
Days
88109135138150155177212210245162
Cash Conv.
Cycle
3862879210310612915615118118

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.65

Return on Equity has declined versus last 3 years average to 5.00%

Sales growth has been subdued in last 3 years 4.39%

Net Profit has been subdued in last 3 years -33.61%

Sales growth is not so good in last 4 quarters at 4.61%

Latest Financials - Rossell India Ltd.

Standalone Consolidated
TTM EPS (₹) 4 3.7
TTM Sales (₹ Cr.) 364 364
BVPS (₹.) 79.6 79.4
Reserves (₹ Cr.) 293 292
P/BV 1.25 1.26
PE 25.02 27.10
From the Market
52 Week Low / High (₹) 96.60 / 665.00
All Time Low / High (₹) 10.00 / 665.00
Market Cap (₹ Cr.) 376
Equity (₹ Cr.) 7.5
Face Value (₹) 2
Industry PE 37.8

Management X-Ray of Rossell India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rossell India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales140161163198249316322299354367
Operating Expenses 121138160185228268254254301328
Manufacturing Costs30303132333435364340
Material Costs6719345991837495122
Employee Cost 65798794109111116121132137
Other Costs 20222325263220243129
Operating Profit 2023413214768455338
Operating Profit Margin (%) 14.1%14.4%2.2%6.7%8.3%15.0%21.2%15.0%14.9%10.5%
Other Income 4764132446
Interest 8899111116101214
Depreciation 101091010912121414
Exceptional Items 000000-1700
Profit Before Tax 612-8-203141333116
Tax 22-7-20128343
Profit After Tax 410-1011933302713
PAT Margin (%) 2.9%5.9%-0.8%0.1%0.2%5.9%10.2%10.0%7.7%3.6%
Adjusted EPS (₹)1.12.6-0.40.10.25.19.08.17.33.5
Dividend Payout Ratio (%)46%19%-56%0%0%4%3%4%6%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 210218170169169186216246287297
Share Capital 7777777788
Reserves 203211162161162179209239279289
Minority Interest0000000000
Debt45627293127186167143152184
Long Term Debt221215911473525155
Short Term Debt23505785116140132118137179
Trade Payables46510152410232844
Others Liabilities 32332416173343354846
Total Liabilities 292318270288328429436448514572

Fixed Assets

Gross Block239261222233238232318318346352
Accumulated Depreciation404848576667758395108
Net Fixed Assets199212174176172166242234250243
CWIP 12681592119514
Investments 49462118191919193444
Inventories1019325284103111122152182
Trade Receivables18201815182629334863
Cash Equivalents 1242331212
Others Assets14151518172122292423
Total Assets 292318270288328429436448514572

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -27-4-3-5283534255
PBT 612-8-203141333116
Adjustment 14121216202327192223
Changes in Working Capital -14-8-7-18-26-22-28-8-25-32
Tax Paid -2-3-100-3-5-4-3-1
Cash Flow From Investing Activity 7-185-8-13-82-40-40-24
Capex -16-25-21-12-13-82-90-26-16
Net Investments 2172530001-15-8
Others 1110005-100
Cash Flow From Financing Activity -512191953-33-331420
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1002-9-143-20-10-10-10
Interest Paid 00-6-7-10-14-16-10-10-14
Dividend Paid -2-40-100-1-1-1-2
Others 71652630254-123546
Net Cash Flow 022-310-11-11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.475.78-0.770.140.3410.4416.3812.8810.274.52
ROCE (%)6.348.850.32.834.0812.1614.8310.910.086.38
Asset Turnover Ratio0.480.530.550.710.810.830.750.680.730.68
PAT to CFO Conversion(x)-0.50.7N/AN/A-51.471.061.130.930.38
Working Capital Days
Receivable Days27434330242631384255
Inventory Days2333587799108121142141166
Payable Days237240105847878758398108

Rossell India Ltd Stock News

Rossell India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rossell India on 08-Oct-2024 16:01 is ₹105.3.
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 08-Oct-2024 16:01 the market cap of Rossell India stood at ₹375.8.
The latest P/E ratio of Rossell India as of 08-Oct-2024 16:01 is 25.02.
The latest P/B ratio of Rossell India as of 08-Oct-2024 16:01 is 1.25.
The 52-week high of Rossell India is ₹665.0 and the 52-week low is ₹96.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rossell India is ₹363.9 ( Cr.) .

About Rossell India Ltd

Rossell India, earlier known as Rossell Tea was incorporated in 1975 and is based in Kolkata, India. The company operates as a subsidiary of BMG Enterprises. Rossell Tea manufactures black tea. The company owns tea estates in India. In 2011 the name of the Company was changed from Rossell Tea Ltd to Rossell India Ltd.

The Company immediately after taking over the management of Dikom, Nokhroy and Borahi T.Es., took effective steps for upgrading the quality further and at present all the Tea Estates are well established quality marks in overseas markets. The saleable production at the time of takeover was 2.7 Million Kgs of Black Tea, which after recent corporate restructuring and three successive acquisitions is around 5.0 Million Kgs of Black Tea. At present, the Company owns Dikom, Nokhroy, Nagrijuli, Bokakhat and Romai T.Es., all located in Assam. After corporate restructuring, Borahi T.E. was demerged and transferred to another Company viz. Jyoti Holdings Pvt. Ltd., which Company is no more under the management of Rossell Tea.

The Company diversified into Aviation Industry and created a new division viz. Aerotech Services which became fully operational on and from April 1, 2006. This division acquired 56.25% Share Capital of Sigma Microsystems Pvt. Ltd., Hyderabad, the Company engaged in the business of manufacturing, design and development of Avionics, Electronics and Aviation Equipment, thereby making that Company a Subsidiary of the Company on and from that date

Milestones:

1975 - The Company was incorporated on 10th October, and the certificate of commencement of business was obtained on 15th January, 1976. The objects and activities of the Company are cultivation of Tea, Coffee and Rubber plantations and manufacturing of these products. 1976 The company acquired by way of amalgamation the whole of the undertaking including all properties and liabilities in India of the Jokai (Assam) Tea Co. Ltd., U.K. which was a wholly owned subsidiary of Jokai Tea Holdings, Ltd. U.K. 

1991 - The Company added another 31.73 hectares to its area under tea and expended Rs 303 lakhs for modernization of its plant and equipments. The Company promoted two companies viz., Rossell Granite, a 100% EOU for slabs and tiles, in the State of Tamil Nadu, and another Rossell Telecommunication Pvt. Ltd., for manufacture of electronic and bio-medical equipments. The Company commenced export of shrimps to Japan under the brand name Mermaid.  A plant on lease was taken up for supervision, control of processing of shrimps. The company took all steps to ascertain the feasibility of two projects viz., one for setting up a cement plant in Assam and another for growing mushrooms in the Company's tea estates in Assam. The name of the company has been changed from Jokai Indian, to Rossell Industries Ltd., with effect from 7th March. 

1992 - The Company acquired a tea estate in Assam called `Borahi' comprising 603 hectares of land located in Sibsagar district of Assam. 

1993 - The company suffered a major setback in exports on account of deferment of the committed off takes by Iran government. 

1994 - The Company faced acute problems due to cancellation of Iranian government imports and downward price trends in overseas markets. The Company carried out extension planning in respect of 6.69 hectares besides adding 5.29 hectares to mature tea area. Pursuant to the Scheme of Arrangement effective 1st July Wilton Tea division comprising three tea estates viz., Dikom, Nokhroy & Borahi were transferred to Rossel Tea Ltd. (RTL).  As per the scheme the shareholders of erstwhile Wilton Tea would be allotted 3 equity shares of Rs 10 each of Rossel India for 10 shares held in RTL.

1995 - The Company suffered a setback on account of large crop loss. The situation was further aggravated due to poor market conditions leading to substantial fall in realization.

2011 -The Company's wholly owned subsidiary Company, Rossell Aviation Private Ltd. (Rossell Aviation) entered into an agreement with CAE International Holding Ltd., Canada (CAE) for jointly undertaking the business of providing training solution in projects primarily related to the offset obligations in India for aerospace industry.

2012 -The Company have entered into an agreement with Dhunseri Petrochem & Tea Limited for acquisition of their Namsang Tea Estate, Assam ‘as a going concern’ for an agreed consideration of Rs. 28.29 Crores.

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