B & A Ltd

B & A Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

B & A Ltd

₹ 539 4.58%
22 Nov 1:45 p.m.
barooahs.com BSE: 508136
About

B&A Ltd was descended from Barasali Tea Company Ltd, which was founded in 1915.[1]Company is involved in cultivation & manufacturing of 'Black Tea'[2] and manufacturing of wide ranges of paper sacks. Recently the company has also ventured into flexible laminate business.[3]

Key Points

Business Overview:
Company is engaged in the business of cultivation, production and sale of black tea which is seasonal in nature.[1] Company is operating 11 tea estates, including the latest acquisition in and around different locations of upper Assam, like Jorhat, Sibsagar and Golaghat. The Company produced around 5.5 million kgs. super quality tea.[2] Company produces superior quality of tea, which commands a premium over industry average levels. All the tea gardens are located in upper Assam which is well-known for its superior quality of tea due to its favourable climatic conditions and better soil structure. Accordingly, the average realisations of tea manufactured by the company are higher than the average realisations in the tea auctions. From April 2022 onwards, company’s Gatoonga Tea Estate was ranked as no.1 followed by Mokrung Tea Estate at no.3 and Salkathoni Tea Estate at no.7 in All India Batting Order in terms of price fetched by the company in Assam for CTC tea in the auctions. [3]

Website BSE
  • Market Cap ₹ 167 Cr.
  • Current Price ₹ 539
  • High / Low ₹ 734 / 297
  • Stock P/E 41.2
  • Book Value ₹ 323
  • Dividend Yield 0.00 %
  • ROCE 0.92 %
  • ROE -2.75 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.06% over past five years.
  • Company has a low return on equity of 7.99% over last 3 years.
  • Earnings include an other income of Rs.3.98 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
70 66 10 28 72 50 12 23 66 63 9 16 62
47 47 21 31 48 50 26 31 48 54 27 22 36
Operating Profit 24 19 -11 -3 24 0 -14 -7 18 9 -18 -6 25
OPM % 34% 29% -114% -11% 33% 0% -112% -30% 27% 14% -197% -39% 41%
0 0 0 0 1 3 2 0 7 1 1 1 2
Interest 1 1 0 1 1 1 0 1 1 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 22 18 -12 -5 23 2 -13 -9 23 8 -19 -9 24
Tax % 0% 0% 38% 0% 0% 0% 12% 0% 0% 0% 3% 0% 0%
22 18 -16 -5 23 2 -14 -9 23 8 -19 -9 24
EPS in Rs 71.32 58.94 -53.23 -14.84 73.71 5.97 -45.84 -28.61 73.55 25.42 -62.03 -27.68 77.35
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
100 101 102 110 103 122 121 132 150 163 161 162 150
81 82 86 95 93 109 112 127 135 136 154 161 141
Operating Profit 19 18 16 15 10 13 9 5 15 27 7 1 9
OPM % 19% 18% 16% 14% 9% 11% 7% 4% 10% 17% 4% 1% 6%
0 1 1 1 1 1 1 1 1 1 6 9 4
Interest 6 5 4 3 3 4 4 4 4 3 2 4 5
Depreciation 2 2 3 2 2 3 3 3 3 3 3 3 4
Profit before tax 12 12 9 10 5 8 2 -2 8 22 7 3 5
Tax % 23% 20% 17% 24% 26% 22% -7% -36% 20% 20% 21% 17%
9 10 8 8 3 6 2 -1 7 18 6 3 4
EPS in Rs 28.48 32.00 25.32 24.97 10.97 19.52 5.71 -3.74 21.74 56.71 19.00 8.26 13.06
Dividend Payout % 9% 9% 12% 12% 27% 15% 18% 0% 5% 4% 3% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 3%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 303%
Stock Price CAGR
10 Years: 12%
5 Years: 31%
3 Years: 36%
1 Year: 38%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: -3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 54 63 68 74 48 52 52 51 58 75 77 79 97
28 31 29 28 37 33 36 33 30 12 19 46 66
24 23 24 28 28 27 33 30 27 27 27 35 37
Total Liabilities 110 120 124 133 116 116 124 116 118 116 126 164 203
82 84 84 86 48 61 64 64 65 66 63 92 92
CWIP 0 1 5 9 20 10 8 6 5 4 5 9 9
Investments 4 4 4 4 4 4 4 4 4 4 4 4 4
24 31 31 35 44 41 48 42 44 43 53 59 98
Total Assets 110 120 124 133 116 116 124 116 118 116 126 164 203

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
13 5 12 13 0 12 9 5 16 21 0 11
-8 -5 -9 -7 -6 -5 -4 -1 -3 -4 -9 -34
-8 2 -5 -4 -5 -7 -7 -5 2 -3 -5 10
Net Cash Flow -4 2 -1 1 -11 -1 -3 -1 15 14 -14 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 5 4 4 3 4 3 6 2 1 0 3 4
Inventory Days 71 104 115 124 219 118 148 70 61 69 73 52
Days Payable 180 159 186 250 187 106 136 89 55 47 56 44
Cash Conversion Cycle -105 -51 -66 -123 36 15 18 -17 7 22 20 12
Working Capital Days -43 -25 -20 -22 12 5 9 12 10 15 41 32
ROCE % 21% 19% 14% 13% 8% 13% 7% 3% 14% 28% 6% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15% 59.15%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
40.85% 40.85% 40.84% 40.84% 40.84% 40.84% 40.85% 40.84% 40.85% 40.85% 40.85% 40.84%
No. of Shareholders 2,8012,8232,7712,6692,7682,6642,6052,4052,3382,2182,1932,213

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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