Goodricke Group Ltd
₹ 269
-2.20%
20 Dec
- close price
About
Incorporated in 1977, Goodricke Group Ltd is in the business of cultivation, manufacture and sale of tea[1]
Key Points
- Market Cap ₹ 580 Cr.
- Current Price ₹ 269
- High / Low ₹ 357 / 159
- Stock P/E
- Book Value ₹ 145
- Dividend Yield 0.00 %
- ROCE -14.8 %
- ROE -25.0 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.93% over past five years.
- Company has a low return on equity of -6.92% over last 3 years.
- Earnings include an other income of Rs.11.6 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plantation & Plantation Products Industry: Tea
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 540 | 579 | 602 | 733 | 679 | 731 | 749 | 791 | 892 | 823 | 882 | 824 | 930 | |
| 503 | 523 | 566 | 718 | 629 | 686 | 718 | 761 | 847 | 797 | 873 | 873 | 935 | |
| Operating Profit | 36 | 56 | 35 | 15 | 49 | 45 | 31 | 31 | 45 | 26 | 9 | -49 | -5 |
| OPM % | 7% | 10% | 6% | 2% | 7% | 6% | 4% | 4% | 5% | 3% | 1% | -6% | -0% |
| 8 | 10 | 10 | 11 | 14 | 21 | 15 | 12 | 10 | 10 | 19 | 14 | 12 | |
| Interest | 5 | 5 | 3 | 3 | 1 | 2 | 5 | 9 | 8 | 6 | 6 | 10 | 12 |
| Depreciation | 12 | 13 | 13 | 21 | 14 | 15 | 16 | 21 | 21 | 21 | 21 | 21 | 21 |
| Profit before tax | 27 | 49 | 29 | 3 | 49 | 49 | 26 | 13 | 26 | 9 | 3 | -66 | -25 |
| Tax % | 27% | 31% | 23% | 526% | 32% | 35% | 63% | -29% | 26% | 43% | 113% | 6% | |
| 20 | 33 | 22 | -12 | 33 | 32 | 9 | 16 | 20 | 5 | -0 | -69 | -28 | |
| EPS in Rs | 9.26 | 15.44 | 10.30 | -5.62 | 15.34 | 14.69 | 4.39 | 7.56 | 9.04 | 2.44 | -0.15 | -32.08 | -13.02 |
| Dividend Payout % | 43% | 29% | 44% | -71% | 29% | 31% | 91% | 0% | 33% | 123% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 2% |
| 3 Years: | -3% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -101% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| 1 Year: | 38% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -2% |
| 3 Years: | -7% |
| Last Year: | -25% |
Balance Sheet
Figures in Rs. Crores
| Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 159 | 181 | 192 | 252 | 270 | 285 | 285 | 279 | 298 | 301 | 289 | 220 | 292 |
| 42 | 8 | 8 | 0 | 0 | 19 | 53 | 88 | 82 | 42 | 68 | 126 | 135 | |
| 131 | 150 | 175 | 195 | 190 | 236 | 239 | 231 | 262 | 272 | 261 | 281 | 306 | |
| Total Liabilities | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 755 |
| 95 | 98 | 100 | 209 | 217 | 250 | 300 | 315 | 313 | 316 | 317 | 326 | 316 | |
| CWIP | 1 | 2 | 2 | 33 | 37 | 40 | 31 | 34 | 35 | 33 | 33 | 24 | 29 |
| Investments | 0 | 0 | 0 | 0 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| 257 | 261 | 294 | 227 | 213 | 272 | 267 | 271 | 314 | 288 | 289 | 298 | 407 | |
| Total Assets | 353 | 360 | 396 | 468 | 481 | 562 | 598 | 620 | 663 | 636 | 639 | 648 | 755 |
Cash Flows
Figures in Rs. Crores
| Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | 62 | 22 | 68 | 60 | 24 | 40 | 40 | 18 | 67 | 10 | -25 | |
| -18 | -13 | -13 | -41 | -40 | -37 | -55 | -25 | -20 | -14 | -18 | -18 | |
| 6 | -50 | -14 | -22 | -12 | 6 | 17 | 4 | -14 | -58 | 10 | 44 | |
| Net Cash Flow | 5 | -1 | -5 | 6 | 9 | -8 | 2 | 19 | -17 | -4 | 2 | 1 |
Ratios
Figures in Rs. Crores
| Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 58 | 56 | 18 | 16 | 37 | 26 | 25 | 24 | 23 | 27 | 32 |
| Inventory Days | 256 | 276 | 357 | 213 | 198 | 200 | 212 | 181 | 185 | 220 | 183 | 188 |
| Days Payable | 125 | 146 | 139 | 144 | 146 | 198 | 188 | 157 | 141 | 214 | 170 | 213 |
| Cash Conversion Cycle | 186 | 188 | 274 | 86 | 68 | 39 | 50 | 50 | 69 | 30 | 40 | 8 |
| Working Capital Days | 77 | 65 | 67 | 33 | 29 | 38 | 39 | 27 | 37 | 33 | 34 | 37 |
| ROCE % | 16% | 25% | 15% | 2% | 18% | 16% | 9% | 6% | 9% | 4% | 1% | -15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper Publication for the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2024.
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Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2024
13 Nov - Board approved unaudited financial results for Q2 2024.
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2024. 13 Nov
-
Board Meeting Intimation for Unaudited Financial Results Of The Company For The Quarter And Half-Year Ended 30Th September, 2024.
30 Oct - Board meeting to approve Q2 financial results.
-
Announcement under Regulation 30 (LODR)-Credit Rating
9 Oct - ICRA reaffirms credit ratings for Goodricke Group.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2][3]
a) GGL is a subsidiary of Camellia Plc. U.K. (74% stake holder) and is a 2nd largest tea producer in India
b) It cultivates tea across 18 gardens.
c) It operates 22 factories including a processing factory with each tea garden, tea-blending units and an instant tea plant.
d) Company's gardens are spread over an area of 10,311 hectare under cultivation, and are located in West Bengal (73% and 9% of area under cultivation in Dooars and Darjeeling, respectively) and Assam (18% of area under cultivation)
e) GGL sells its produce through a combination of auction sales, private sales and exports
f) Group has 29 tea estates with an area of 17,465 hectare under cultivation, equally spread over West Bengal and Assam
g) GGL is certified by FSSC 22000, Rainforest Alliance Certification, UTZ Certification, and ETP – Ethical Tea Partnership.