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Our Rating:
Mehabe score: 5
G Factor: 5
Piotski Score: 8
The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 8.
Description
Incorporated in 1895, TGTCL produces black tea of crush, tear and curl (CTC) variety, which it sells in the domestic market through a mix of auction and private sales. The company was taken over by the current management – the Rawalwasia Group in May 2009.Site: GROBTEAMain Symbol: www.nseindia.com
Price Chart
Market Cap: | Rs 150 cr | Price: | 1290.0 | Trading pe: | 22.7x |
Book-value: | 648/share | Div yield: | 0.23 % | Earning yield: | 22.43% |
Face-value: | 10.0/share | 52week high: | 1434.75 | 52week low: | 447.10 |
Technical Analysis
- Stock trades at 1290.0, above its 50dma 1070.04. It also trades above its 200dma 957.37. The stock remains bullish on techicals
- The 52 week high is at 1434.75 and the 52week low is at 447.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 43.52% CAGR over last 5 years
Weakness
– The company has delivered a poor sales growth of 7.40% over past five years.
-Tax rate seems low
Competition
– The industry trades at a mean P/E of 13.8x. Tata Consumer trades at the industry’s max P/E of 100.8x. GROBTEA trades at a P/E of 22.7x
– Industry’s mean G-Factor is 2.1 while the mean Piotski score is 9.0. GROBTEA has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is -5.3%. The max 1- month return was given by Mcleod Russel: a return of 2.03 %
Quarterly Results
- Sales for period ended Sep 2021 is Rs 37.0 cr compared to Rs 51.0 cr for period ended Sep 2020, a fall of 27.5%
- Operating Profits reported at Rs 15.0 cr for period ended Sep 2021 vis-vis 33.0 for period ended Sep 2020 .
- Operating Margins contracted -2416.5 bps for period ended Sep 2021 vis-vis Sep 2020 .
- The EPS for Sep 2021 was Rs 122.17 compared to Rs 4.39 for previous quarter ended Jun 2021 and Rs 281.25 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
- Company reported sales of Rs 92.8 cr for period ended TTM vis-vis sales of Rs 110.28 cr for the period ended Mar 2021, a fall of 18.8%. The 3 year sales cagr stood at 5.2%.
- Operating margins shrank to 8.74% for period ended TTM vis-vis 26.96% for period ended Mar 2021, contraction of 1822.0 bps.
- Net Profit reported at Rs 6.59 cr for period ended TTM vis-vis sales of Rs 28.02 cr for the period ended Mar 2021, falling 325.2%.
- Company recorded a healthy Net Profit CAGR of 67.6% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
- CashFlow from operating activities was positive.
- CashFlow from operating activities: Rs 25.19 cr for period ended Mar 2021 vis-vis Rs -7.23 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 46.0% compared to 21.0% over the last 3 Years.
– The stock has given a return of 123% on a 1 Year basis vis-vis a return of 26% over the last 3 Years.
– The compounded sales growth on a TTM bassis is -9% vis-vis a compounded sales growth of 13% over the last 3 Years.
– The compounded profit growth on a TTM basis is -71% vis-vis a compounded profit growth of 147% over the last 3 Years.
Ratios
Conclusion
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 43.52% CAGR over last 5 years – The company has delivered a poor sales growth of 7.40% over past five years.
-Tax rate seems low
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