B & A Ltd

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

B & A Ltd

₹ 525 -1.91%
20 Dec - close price
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 ₹ 163 Cr.
  • Current Price ₹ 525
  • High / Low ₹ 734 / 334
  • Stock P/E 11.8
  • Book Value ₹ 496
  • Dividend Yield 0.00 %
  • ROCE 8.52 %
  • ROE 5.55 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.06 times its book value

Cons

  • The company has delivered a poor sales growth of 8.71% over past five years.
  • Company has a low return on equity of 11.6% over last 3 years.
  • Dividend payout has been low at 1.31% of profits over last 3 years

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
106 98 41 65 109 80 38 54 102 96 38 51 97
76 77 49 63 80 77 49 59 77 84 52 52 68
Operating Profit 30 21 -8 2 28 4 -11 -4 25 12 -15 -1 30
OPM % 28% 22% -20% 3% 26% 5% -28% -8% 24% 12% -39% -2% 31%
0 0 1 0 1 3 2 1 6 1 1 1 1
Interest 1 1 0 1 1 1 1 2 1 1 1 2 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 28 20 -9 0 27 5 -11 -7 29 11 -15 -4 28
Tax % 6% 5% 63% 1,360% 6% 17% 27% 9% 6% 8% 3% 38% 4%
26 19 -15 -1 25 4 -14 -7 27 10 -16 -5 26
EPS in Rs 80.81 59.94 -48.90 -7.10 78.29 10.58 -44.94 -25.19 82.26 29.94 -53.97 -19.84 82.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
130 140 146 156 156 189 191 207 248 290 292 290 282
108 116 125 134 138 166 173 190 216 247 269 273 256
Operating Profit 22 24 22 22 18 24 19 17 32 43 23 18 26
OPM % 17% 17% 15% 14% 11% 12% 10% 8% 13% 15% 8% 6% 9%
1 1 1 1 1 0 1 1 2 2 6 9 4
Interest 9 7 6 5 5 5 6 6 5 4 4 5 5
Depreciation 3 3 3 3 4 4 5 5 5 5 5 5 6
Profit before tax 12 15 13 15 10 15 9 8 24 36 21 17 19
Tax % 26% 23% 21% 28% 30% 30% 26% 20% 30% 26% 33% 22%
9 11 10 11 7 11 6 6 17 27 14 13 15
EPS in Rs 28.55 35.55 31.29 31.65 18.97 29.97 16.19 13.10 46.16 77.71 36.84 33.03 38.13
Dividend Payout % 9% 8% 10% 9% 16% 10% 6% 0% 2% 3% 1% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 5%
TTM: 3%
Compounded Profit Growth
10 Years: -4%
5 Years: 7%
3 Years: -21%
TTM: 176%
Stock Price CAGR
10 Years: 13%
5 Years: 29%
3 Years: 36%
1 Year: 47%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 58 68 74 83 59 67 70 73 88 111 119 129 151
45 44 42 38 46 42 45 36 41 24 30 49 70
35 34 37 42 44 51 59 52 54 60 65 71 79
Total Liabilities 142 149 156 166 152 163 177 165 186 199 217 252 303
97 100 100 102 65 78 82 82 84 86 89 117 117
CWIP 1 1 5 9 21 11 9 7 5 6 6 10 10
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
44 49 51 55 67 74 86 76 96 107 123 125 175
Total Assets 142 149 156 166 152 163 177 165 186 199 217 252 303

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 8 18 19 5 17 12 13 16 31 11 33
-9 -6 -10 -9 -8 -7 -7 -2 -6 -14 -16 -50
-6 -0 -9 -8 -7 -9 -9 -6 0 -5 -6 9
Net Cash Flow -3 2 -1 1 -11 0 -4 5 10 12 -11 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 24 26 25 27 27 28 30 30 32 30 28 30
Inventory Days 107 107 121 115 163 138 171 112 280 342
Days Payable 142 111 125 142 109 99 102 69 130 155
Cash Conversion Cycle -12 22 21 -0 81 68 100 72 182 216 28 30
Working Capital Days -5 10 9 14 43 39 51 52 62 65 83 70
ROCE % 19% 19% 16% 16% 12% 18% 12% 11% 22% 27% 13% 9%

Shareholding Pattern

Numbers in percentages

2 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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