Dhunseri Ventures Ltd - Stock Valuation and Financial Performance

BSE: 523736 | NSE: DVL | Chemicals | Small Cap

Dhunseri Ventures Share Price

352.65 -8.75 -2.42%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Dhunseri Ventures

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Dhunseri Ventures stock performance -

mw4me loader
P/E Ratio (SA):
6.42
Market Cap:
1,235.2 Cr.
52-wk low:
219.7
52-wk high:
558

Is Dhunseri Ventures Ltd an attractive stock to invest in?

1. Is Dhunseri Ventures Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhunseri Ventures Ltd is a average quality company.

2. Is Dhunseri Ventures Ltd undervalued or overvalued?

The key valuation ratios of Dhunseri Ventures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Dhunseri Ventures Ltd a good buy now?

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

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.
Dhunseri Ventures Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.8%4.4%5%7.4%4.6%9.1%3.1%13%13.8%8.9%-
Value Creation
Index
-0.5-0.7-0.6-0.5-0.7-0.4-0.8-0.10.0-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,0512,7742,58022.294772217.9100183156240
Sales YoY Gr.--31.5%-7%-99.1%4,163.7%-23.8%-97.5%460.3%83.2%-14.6%-
Adj EPS 33.915.814.130.310.920736.748.535.354.9
YoY Gr.--53.3%-11.1%115%-63.9%83%-64.8%422.5%32%-27.2%-
BVPS (₹) 240.1163.8220.2216.5237.7250240.7308383.5410.1476.2
Adj Net
Profit
11955.449.310638.27024.6129170124192
Cash Flow from Ops. 66.862517.4263-33695.691.71.8-1.2139-
Debt/CF from Ops. 24.92.176.20-0.30.60.626.6-34.80.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -30.3%-30.2%106.2%-14.6%
Adj EPS 0.5%26.4%71.2%-27.2%
BVPS6.1%11.5%19.4%6.9%
Share Price 11.4% 30.6% 54% 50.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.57.87.313.94.88.22.913.4148.912.4
Op. Profit
Mgn %
6.15.56.44.33.53.9-62.486.522.63.224.9
Net Profit
Mgn %
2.921.9477.249.7137.9128.692.77980
Debt to
Equity
22.31.700.10.10.1000-
Working Cap
Days
1161361127,706941654,025400172147258
Cash Conv.
Cycle
596141-27493-84-12-1-1198

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.40%

Sales growth is growing at healthy rate in last 3 years 106.17%

Net Profit is growing at healthy rate in last 3 years 71.21%

Sales growth is good in last 4 quarters at 88.36%

No data to display

Latest Financials - Dhunseri Ventures Ltd.

Standalone Consolidated
TTM EPS (₹) 54.9 55.6
TTM Sales (₹ Cr.) 240 280
BVPS (₹.) 476.2 810.7
Reserves (₹ Cr.) 1,633 2,804
P/BV 0.74 0.44
PE 6.42 6.35
From the Market
52 Week Low / High (₹) 219.65 / 558.00
All Time Low / High (₹) 10.60 / 558.00
Market Cap (₹ Cr.) 1,235
Equity (₹ Cr.) 35
Face Value (₹) 10
Industry PE 49.3

Management X-Ray of Dhunseri Ventures:

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 Dhunseri Ventures

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
Sales4,0512,7742,5802294772218100183156
Operating Expenses 3,8682,6502,451219166933921142156
Manufacturing Costs16293990000000
Material Costs3,3242,3212,103083062900119125
Employee Cost 662826355671413
Other Costs 3162092221981593315818
Operating Profit 18312412913128-2179411
Operating Profit Margin (%) 4.5%4.5%5.0%3.4%3.3%3.9%-116.0%78.7%22.6%0.5%
Other Income 3239221415764467169159
Interest 65597101235455
Depreciation 4936490011222
Exceptional Items 0018-1830-270000
Profit Before Tax 1016749-168445417139203152
Tax 262912-14673-1163431
Profit After Tax 753836-22375118123170121
PAT Margin (%) 1.8%1.4%1.4%-99.3%3.9%7.0%99.9%123.2%92.8%77.2%
Adjusted EPS (₹)21.310.810.3-6.310.514.55.135.248.534.5
Dividend Payout Ratio (%)21%37%39%-32%33%28%10%7%8%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8415747717588338768431,0791,3431,436
Share Capital 35353535353535353535
Reserves 8065397367237988418081,0441,3081,401
Minority Interest0000000000
Debt1,5801,2071,2430108534740330
Long Term Debt4295054630053474030
Short Term Debt1,1517027810108000030
Trade Payables225141138214830000
Others Liabilities 28934934160789280677434
Total Liabilities 2,9352,2712,4938191,1671,0249701,1861,4221,501

Fixed Assets

Gross Block1,2161,03390211257810
Accumulated Depreciation33732810012457
Net Fixed Assets8797059011113334
CWIP 12928270000000
Investments 2992493807077097468131,0581,3081,431
Inventories46331324207100000
Trade Receivables472167224011900000
Cash Equivalents 27241834911561324241613
Others Assets4213913701012112641301019554
Total Assets 2,9352,2712,4938191,1671,0249701,1861,4221,501

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6762517263-33696922-1139
PBT 1016749-168445417139203152
Adjustment 6674104167-35-3715-118-166-104
Changes in Working Capital -76489-121288-3268666-3311128
Tax Paid -24-5-13-24-18-7-613-49-38
Cash Flow From Investing Activity -112-49-85-237285-53-551515-112
Capex -16-9-600-1-200-3
Net Investments 0-15-69-531291-87-6248-3137
Others -96-26-11294-6359-3218-246
Cash Flow From Financing Activity 24-431-67-1797-85-30-13-21-30
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 2672-6200-48-7-7-7-9
Interest Paid -64-60-690-1-23-5-4-5-5
Dividend Paid -18-16-20-17-8-15-17-2-9-14
Others 81-4288401060-1-1-1-1
Net Cash Flow -20145-135946-4374-7-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.165.335.38-2.884.65.952.0812.8214.038.68
ROCE (%)6.865.786.03-11.785.318.132.4214.1716.5911.02
Asset Turnover Ratio1.491.151.170.010.950.660.020.090.140.11
PAT to CFO Conversion(x)0.8916.450.47N/A-9.081.885.110.02-0.011.15
Working Capital Days
Receivable Days43392604600000
Inventory Days40473602700000
Payable Days262924033440011

Dhunseri Ventures Ltd Stock News

Dhunseri Ventures Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dhunseri Ventures on 12-Apr-2024 16:59 is ₹352.6.
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 12-Apr-2024 16:59 the market cap of Dhunseri Ventures stood at ₹1,235.2.
The latest P/E ratio of Dhunseri Ventures as of 12-Apr-2024 16:59 is 6.42.
The latest P/B ratio of Dhunseri Ventures as of 12-Apr-2024 16:59 is 0.74.
The 52-week high of Dhunseri Ventures is ₹558.0 and the 52-week low is ₹219.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhunseri Ventures is ₹240.2 ( Cr.) .

About Dhunseri Ventures Ltd

The foundation of Dhunseri Tea was laid when two British planters F B Hannen and W P Reid opened a tea estate at the foot of Bhutan Hills and planted 150 acres of tea in one year.

The company was formally incorporated on May 11, 1916 when the two planters transferred this estate to Dhunseri Tea Company Limited which was actually founded with the main objective of buying the estate. The estate was named Dhunseri Tea Estate due to its close proximity with the Dhunseri river.

The company is the producer of nearly 3% total Assam tea. Teas from the company’s gardens are rated at a premium over most other manufacturers.

Dhunseri Tea has striven to create and introduce new blends & new brands – renowned for quality of their blends. The company introduced packet teas in 1987-88 under the brand names of ‘LAL GHORA’ & ‘KALA GHORA’ in Rajasthan where people like their tea liquor full-bodied and strong. The company holds the highest market share in the premium segment of packet tea in Rajasthan.

Fully-automatic Form, Fill & Seal machines are used to pack the teas in packets made of pre-printed polyester and poly-laminated films. While packaging, efforts are made to preserve the freshness of the teas. The packeting factories are located at Jaipur and Dhunseri Tea Estate. After launching packet tea in Rajasthan successfully, Dhunseri has recently introduced its new brand 'Chhote Lal' in Rajasthan to cater to the lower segment. Chhote Lal tea truly compliments Lal Ghora & Kala Ghora in all aspects vis-a-vis 100% Assam teas blend from our own factories.

Tireless efforts of the company transformed dense jungles full of wild beasts and reptiles, into lush green valleys of tea bushes. New roads and paths were paved, residential quarters were constructed, a factory for processing green tea was established and finally a packaging center for packaging of garden-fresh processed tea was set up. All these ushered in an era of hope. Darkness gave way to sunlight and humanity.

The Dhanuka family, after acquiring substantial stake in the company made a successful and peaceful bid for the management in 1956. With the Companies Act becoming effective from April 1, 1956 certain restrictions were imposed on Managing Agents / Secretaries and Treasurers. E A Hutchison, the Chairman, at that time agreed to terminate the agreement between the company and James Finlay and Co. Ltd. which ushered in the new management.

India is the home to the world’s finest tea plantations. Different regions are endowed with superior brand of tea leaves.Dhunseri Tea, a name to reckon with in the world of tea, is a premium quality integrated tea company in India. At Dhunseri, they are more than products. They are people who source, blend and test tea to ensure a variety of superior quality tea. they grow, manufacture & pack tea with utmost care so as to retain its smooth taste, refreshing flavor and exotic aroma. The stress on quality is so much that quality is never sacrificed for quantity.

Over the years the organisation has experienced continuous growth and expansion in its scale of operations.The company has just started the commercial production of PET polymer plant South Asian Petrochem Ltd.

Associate Companies:

  •  Investment & Finance Companies
  • Tezpore Tea Company Limited
  • South Asian Petrochem Limited

Dhunseri Tea & Industries, board in February 2009 has approved the proposed Rs 130 crore worth IT and ITES infrastructure project of the company for development of Twin Towers at Kolkata IT Park at Bantala.

2010

Change of name of the Dhunseri Tea and Industries Ltd to DHUNSERI PETROCHEM & TEA LTD has been Approved
DhunseriTea - Commencement of civil construction of the new plant at Haldia
DhunseriTea - Acquisition of Tea Factor of Primax Tea Pvt. Ltd.
DhunseriTea - Acquisition of Shreemoni Tea Factory
Company has changed its name from Dhunseri Tea & Industries Ltd. to Dhunseri Petrochem & Tea Ltd. 2011
DhunseriTea - Acquisition of Sona Assam Tea Factory
DhunseriTea - Incorporation of a subsidiary in Singapore
Second Best Exporter Award, 2009 : 2010

2012

DhunseriTea - Acquisition of Companies in Malawi, Africa
Dhunseri Petrochem & Tea receives new CARE ratings
Inauguration of Second PET plant of the Company situated at Haldia

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