Neelamalai Agro Industries Ltd
Incorporated in 1943, Neelamalai Agro Industries Ltd is in the business of cultivating, manufacturing, and selling of Tea[1]
- Market Cap ₹ 263 Cr.
- Current Price ₹ 4,221
- High / Low ₹ 4,398 / 3,150
- Stock P/E 55.8
- Book Value ₹ 1,085
- Dividend Yield 1.18 %
- ROCE 8.45 %
- ROE 7.72 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 33.5%
Cons
- Stock is trading at 3.91 times its book value
- The company has delivered a poor sales growth of -7.09% over past five years.
- Company has a low return on equity of 8.12% over last 3 years.
- Earnings include an other income of Rs.27.6 Cr.
- Working capital days have increased from 219 days to 689 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 28 | 30 | 33 | 29 | 30 | 37 | 26 | 29 | 30 | 25 | 25 | |
23 | 27 | 28 | 32 | 30 | 29 | 34 | 27 | 29 | 30 | 28 | 29 | |
Operating Profit | 1 | 1 | 2 | 0 | -1 | 1 | 2 | -1 | 1 | -1 | -4 | -4 |
OPM % | 5% | 4% | 7% | 1% | -3% | 2% | 6% | -5% | 3% | -2% | -14% | -15% |
6 | 5 | 5 | 5 | 5 | 4 | 5 | 4 | 9 | 8 | 9 | 28 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 6 | 5 | 6 | 4 | 3 | 4 | 6 | 2 | 8 | 6 | 5 | 23 |
Tax % | 0% | 10% | 13% | 14% | 10% | 22% | 1% | -6% | 21% | 20% | 21% | 9% |
6 | 5 | 5 | 3 | 3 | 3 | 5 | 2 | 7 | 5 | 4 | 21 | |
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 |
Dividend Payout % | 39% | 53% | 47% | 73% | 46% | 45% | 35% | 59% | 28% | 38% | 47% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -7% |
3 Years: | -5% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | 1% |
3 Years: | -9% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 24% |
3 Years: | 16% |
1 Year: | 23% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Reserves | 32 | 34 | 36 | 37 | 41 | 41 | 45 | 44 | 49 | 51 | 54 | 67 |
1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
5 | 8 | 7 | 5 | 5 | 6 | 6 | 6 | 8 | 11 | 8 | 8 | |
Total Liabilities | 39 | 43 | 44 | 43 | 47 | 48 | 52 | 51 | 58 | 62 | 62 | 76 |
6 | 7 | 7 | 7 | 10 | 9 | 10 | 8 | 6 | 3 | 4 | 6 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
Investments | 23 | 26 | 26 | 25 | 28 | 25 | 31 | 27 | 43 | 45 | 50 | 62 |
10 | 10 | 11 | 11 | 8 | 13 | 11 | 14 | 8 | 12 | 9 | 8 | |
Total Assets | 39 | 43 | 44 | 43 | 47 | 48 | 52 | 51 | 58 | 62 | 62 | 76 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 2 | 1 | 0 | 1 | -3 | 2 | -3 | 5 | -4 | -2 | -4 | |
1 | -1 | 4 | 5 | -1 | 6 | -1 | 8 | -5 | 7 | 4 | 6 | |
-2 | -2 | -5 | -5 | -0 | -2 | -2 | -2 | -2 | -3 | -1 | -2 | |
Net Cash Flow | 0 | -0 | 0 | 0 | -0 | 1 | -1 | 3 | -3 | -0 | -0 | 0 |
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 | 45 | 49 | 39 | 37 | 15 | 33 | 18 | 13 | 12 | 22 | 11 | 9 |
Inventory Days | 129 | 95 | 212 | 136 | 108 | 228 | 193 | 484 | 175 | 387 | 255 | 519 |
Days Payable | 11 | 16 | 170 | 130 | 69 | 87 | 56 | 53 | 74 | 107 | 73 | 95 |
Cash Conversion Cycle | 162 | 128 | 81 | 44 | 54 | 174 | 155 | 444 | 113 | 302 | 193 | 432 |
Working Capital Days | 51 | 12 | 31 | 40 | 2 | 22 | 10 | 37 | -27 | -2 | -29 | 689 |
ROCE % | 20% | 16% | 17% | 11% | 5% | 7% | 11% | 4% | 17% | 13% | 9% |
Documents
Announcements
- Closure of Trading Window 28 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 24 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 May - Newspaper Advertisement- Extract of Audited Financial Results for the Fourth quarter/Year ended March 31, 2024
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Audited Standalone And Consolidated Financial Results Of The Company For The Fourth Quarter And Year Ended 31St March 2024. 29 May
Annual reports
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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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Financial Year 2009
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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