Neelamalai Agro Industries Ltd

₹ 3,306 -4.17%

28 Feb - close price

About

Incorporated in 1943, Neelamalai Agro Industries Ltd is in the business of cultivating, manufacturing, and selling of Tea^[1]

Key Points

Business Overview:^[1]
Company is engaged in the Tea Plantation activity in its 2 tea estates viz. Katary & Sutton Estates, located in the Nilgiris District in Tamil Nadu, spanning an area of 635.56 Hectares. Currently, the company produces 100% Orthodox Tea. Its main business includes:
a) Tea cultivation
b) Tea Manufacturing
c) Sales and exports of Tea

Website BSE

Market Cap ₹ 206 Cr.
Current Price ₹ 3,306
High / Low ₹ 5,390 / 3,200
Stock P/E 36.3
Book Value ₹ 1,143
Dividend Yield 1.51 %
ROCE 8.58 %
ROE 7.81 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 33.5%

Cons

Stock is trading at 2.89 times its book value
The company has delivered a poor sales growth of -7.09% over past five years.
Tax rate seems low
Company has a low return on equity of 8.16% over last 3 years.
Earnings include an other income of Rs.14.4 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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	8.08	6.25	7.61	6.19	5.59	5.54	5.22	7.82	7.10	5.21	6.53	6.30	5.86
	9.37	8.30	7.23	6.06	7.10	8.14	6.13	7.64	8.03	7.39	6.76	6.33	7.64
Operating Profit	-1.29	-2.05	0.38	0.13	-1.51	-2.60	-0.91	0.18	-0.93	-2.18	-0.23	-0.03	-1.78
OPM %	-15.97%	-32.80%	4.99%	2.10%	-27.01%	-46.93%	-17.43%	2.30%	-13.10%	-41.84%	-3.52%	-0.48%	-30.38%
	0.15	2.67	0.17	5.26	1.02	2.95	0.79	18.10	1.40	7.31	0.98	5.92	0.14
Interest	0.00	0.02	0.01	0.00	0.01	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.21	0.21	0.18	0.19	0.22	0.18	0.14	0.23	0.20	0.30	0.26	0.28	0.28
Profit before tax	-1.35	0.39	0.36	5.20	-0.72	0.15	-0.26	18.05	0.27	4.83	0.49	5.61	-1.92
Tax %	-2.22%	-23.08%	16.67%	17.88%	-37.50%	220.00%	-23.08%	6.70%	7.41%	17.81%	4.08%	-0.18%	-8.85%
	-1.33	0.48	0.30	4.27	-0.46	-0.18	-0.19	16.85	0.25	3.97	0.47	5.62	-1.75
EPS in Rs	-21.38	7.72	4.82	68.64	-7.39	-2.89	-3.05	270.86	4.02	63.82	7.56	90.34	-28.13
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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
	24.21	28.06	29.92	32.85	29.12	29.71	36.60	25.86	29.45	29.57	24.93	25.34	23.90
	22.90	27.07	27.82	32.39	29.87	29.08	34.46	27.04	28.71	30.30	28.46	29.08	28.12
Operating Profit	1.31	0.99	2.10	0.46	-0.75	0.63	2.14	-1.18	0.74	-0.73	-3.53	-3.74	-4.22
OPM %	5.41%	3.53%	7.02%	1.40%	-2.58%	2.12%	5.85%	-4.56%	2.51%	-2.47%	-14.16%	-14.76%	-17.66%
	5.80	5.01	5.28	4.68	4.77	4.22	4.54	4.36	8.52	7.59	9.41	27.52	14.35
Interest	0.13	0.05	0.09	0.06	0.05	0.18	0.19	0.16	0.17	0.10	0.12	0.01	0.00
Depreciation	0.57	0.69	1.16	1.07	0.96	1.07	0.98	1.00	0.66	0.75	0.77	0.87	1.12
Profit before tax	6.41	5.26	6.13	4.01	3.01	3.60	5.51	2.02	8.43	6.01	4.99	22.90	9.01
Tax %	0.00%	9.51%	13.05%	13.72%	9.97%	22.22%	1.45%	-5.94%	21.23%	19.63%	21.04%	8.86%
	6.41	4.76	5.33	3.45	2.72	2.80	5.43	2.15	6.63	4.84	3.94	20.88	8.31
EPS in Rs	102.17	75.87	84.95	54.99	43.35	44.63	86.55	34.27	106.57	77.80	63.33	335.64	133.59
Dividend Payout %	39.31%	52.94%	47.28%	73.04%	46.32%	45.00%	34.81%	58.60%	28.05%	38.43%	47.21%	14.85%

Compounded Sales Growth
10 Years:	-1%
5 Years:	-7%
3 Years:	-5%
TTM:	-7%

Compounded Profit Growth
10 Years:	-1%
5 Years:	1%
3 Years:	-8%
TTM:	35%

Stock Price CAGR
10 Years:	13%
5 Years:	27%
3 Years:	-3%
1 Year:	-16%

Return on Equity
10 Years:	8%
5 Years:	8%
3 Years:	8%
Last Year:	8%

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	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.63	0.62	0.62	0.62	0.62	0.62
Reserves	32.02	33.84	36.13	36.57	41.44	41.30	45.17	44.15	48.74	50.61	53.98	66.86	70.48
	1.02	0.95	0.25	0.00	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	4.97	7.58	6.60	5.35	4.66	6.00	6.35	5.99	8.38	10.81	7.89	8.43	10.79
Total Liabilities	38.64	43.00	43.61	42.55	46.75	47.95	52.15	50.77	57.74	62.04	62.49	75.91	81.89
	6.31	7.00	6.67	6.54	9.69	9.27	9.69	8.25	5.52	3.25	3.56	5.50	5.28
CWIP	0.03	0.00	0.00	0.00	0.40	0.96	0.95	1.07	1.16	1.18	0.79	0.00	1.19
Investments	22.74	26.47	26.40	24.80	28.31	24.73	30.96	27.05	43.07	45.29	49.55	62.30	63.47
	9.56	9.53	10.54	11.21	8.35	12.99	10.55	14.40	7.99	12.32	8.59	8.11	11.95
Total Assets	38.64	43.00	43.61	42.55	46.75	47.95	52.15	50.77	57.74	62.04	62.49	75.91	81.89

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
	0.55	1.96	0.75	0.00	0.75	-3.31	1.87	-2.69	4.68	-4.34	-2.35	-4.25
	1.45	-0.58	4.48	5.31	-1.01	6.23	-1.05	7.85	-5.35	6.73	3.59	6.16
	-2.00	-1.57	-5.21	-4.81	-0.03	-1.55	-2.31	-2.29	-2.05	-2.52	-1.28	-1.87
Net Cash Flow	0.00	-0.19	0.03	0.50	-0.29	1.37	-1.49	2.88	-2.72	-0.12	-0.04	0.03

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	44.63	48.65	39.28	37.00	15.29	33.05	17.55	13.27	12.27	22.47	10.69	8.64
Inventory Days	128.89	95.46	212.12	136.36	107.53	227.72	193.06	484.20	174.74	386.67	254.65	521.25
Days Payable	11.13	15.83	170.08	129.55	68.53	86.62	55.93	53.31	73.91	106.67	72.54	95.00
Cash Conversion Cycle	162.39	128.29	81.32	43.82	54.29	174.14	154.69	444.16	113.10	302.47	192.80	434.89
Working Capital Days	50.66	11.58	31.47	39.56	1.50	21.62	10.47	37.26	-26.77	-2.47	-28.70	-32.27
ROCE %	20.48%	16.15%	16.76%	10.65%	5.30%	6.93%	10.64%	4.24%	17.17%	12.55%	8.86%	8.58%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	71.24%	71.26%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%	72.45%
	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%
	28.08%	28.05%	26.87%	26.86%	26.88%	26.85%	26.87%	26.87%	26.87%	26.86%	26.86%	26.86%
No. of Shareholders	1,058	1,104	1,118	1,160	1,161	1,176	1,201	1,242	1,294	1,367	1,526	1,551

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	66.04%	66.46%	67.36%	67.43%	68.02%	71.24%	72.45%	72.45%	72.45%
	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%	0.68%
	33.28%	32.86%	31.96%	31.89%	31.29%	28.08%	26.88%	26.87%	26.86%
No. of Shareholders	1,133	901	848	845	779	1,058	1,161	1,294	1,551

* 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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Neelamalai Agro Industries Ltd

Neelamalai Agro Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports