Asian Tea & Exports Ltd

₹ 15.1 -2.70%

22 Nov - close price

asianteaexports.com BSE: 519532

About

Incorporated in 1987, Asian Tea & Exports Ltd sells made tea, Fiber Boards, Elevators, Yellow Peas, etc.^[1]

Key Points

Business Overview:^[1]
Company is in tea plantation, manufacturing, trading and exports of tea, international trade, imports and and domestic trade of food and other commodities. Company provides end to end solutions to customers, from sourcing tea from all origins, tasting, customizing blends, providing specialty teas and flavored teas, to third party labeling and packaging

Website BSE

Market Cap ₹ 30.3 Cr.
Current Price ₹ 15.1
High / Low ₹ 21.0 / 11.1
Stock P/E 116
Book Value ₹ 22.3
Dividend Yield 0.00 %
ROCE 1.28 %
ROE -1.76 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.68 times its book value
Company is expected to give good quarter

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -25.6% over past five years.
Company has a low return on equity of -0.80% over last 3 years.
Earnings include an other income of Rs.1.86 Cr.
Company has high debtors of 154 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: Trading Industry: Trading

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Detailed Comparison with:

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
	10.63	9.65	36.61	5.90	10.55	5.57	11.17	4.98	9.05	9.14	11.14	11.98	12.79
	11.15	8.01	35.05	5.86	10.81	5.94	11.71	4.88	9.93	9.11	11.13	11.96	12.64
Operating Profit	-0.52	1.64	1.56	0.04	-0.26	-0.37	-0.54	0.10	-0.88	0.03	0.01	0.02	0.15
OPM %	-4.89%	16.99%	4.26%	0.68%	-2.46%	-6.64%	-4.83%	2.01%	-9.72%	0.33%	0.09%	0.17%	1.17%
	0.07	0.04	0.42	0.72	0.92	1.09	0.49	0.46	1.34	0.44	0.46	0.51	0.45
Interest	0.85	0.74	0.81	0.69	0.56	0.64	0.53	0.44	0.34	0.37	0.44	0.40	0.48
Depreciation	0.02	0.02	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01
Profit before tax	-1.32	0.92	1.14	0.05	0.08	0.06	-0.60	0.10	0.10	0.08	0.02	0.12	0.11
Tax %	-3.03%	0.00%	24.56%	40.00%	25.00%	16.67%	-6.67%	0.00%	0.00%	0.00%	50.00%	0.00%	45.45%
	-1.27	0.93	0.86	0.03	0.05	0.05	-0.56	0.10	0.10	0.08	0.00	0.12	0.06
EPS in Rs	-0.64	0.46	0.43	0.02	0.02	0.02	-0.28	0.05	0.05	0.04	0.00	0.06	0.03
Raw PDF

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
	55.09	59.49	30.12	29.41	20.12	10.59	151.00	219.18	92.96	73.00	33.19	34.31	45.05
	52.92	58.65	29.24	29.76	19.68	10.78	148.32	212.90	90.46	69.49	34.32	35.05	44.84
Operating Profit	2.17	0.84	0.88	-0.35	0.44	-0.19	2.68	6.28	2.50	3.51	-1.13	-0.74	0.21
OPM %	3.94%	1.41%	2.92%	-1.19%	2.19%	-1.79%	1.77%	2.87%	2.69%	4.81%	-3.40%	-2.16%	0.47%
	0.60	0.38	0.55	1.24	0.41	0.89	1.06	1.02	1.98	0.64	3.22	2.69	1.86
Interest	1.59	0.28	0.78	0.60	0.55	0.56	2.14	4.25	3.43	3.21	2.42	1.59	1.69
Depreciation	0.19	0.13	0.12	0.07	0.05	0.04	0.06	0.12	0.10	0.08	0.10	0.06	0.05
Profit before tax	0.99	0.81	0.53	0.22	0.25	0.10	1.54	2.93	0.95	0.86	-0.43	0.30	0.33
Tax %	36.36%	29.63%	24.53%	22.73%	36.00%	80.00%	33.77%	27.65%	24.21%	32.56%	-2.33%	3.33%
	0.63	0.57	0.40	0.17	0.17	0.02	1.02	2.11	0.72	0.58	-0.43	0.29	0.26
EPS in Rs	0.32	0.28	0.20	0.08	0.08	0.01	0.51	1.06	0.36	0.29	-0.22	0.14	0.13
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-5%
5 Years:	-26%
3 Years:	-28%
TTM:	46%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	184%

Stock Price CAGR
10 Years:	3%
5 Years:	24%
3 Years:	-6%
1 Year:	6%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	-1%
Last Year:	-2%

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	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	20.00	20.00	20.00	20.00
Reserves	13.85	14.42	14.76	14.93	15.10	15.12	16.08	18.20	18.94	24.54	24.13	24.43	24.61
	1.71	5.06	4.94	1.25	6.53	7.70	39.64	30.31	31.58	35.12	19.67	18.26	16.56
	6.84	18.70	4.16	1.70	1.16	2.86	13.84	12.58	6.94	9.19	0.54	0.53	1.53
Total Liabilities	32.40	48.18	33.86	27.88	32.79	35.68	79.56	71.09	67.46	88.85	64.34	63.22	62.70
	0.88	0.66	0.47	0.14	0.10	0.20	0.25	0.36	0.27	0.32	0.24	0.12	0.11
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	14.44	14.63	16.57	16.29	17.51	18.46	18.46	19.07	19.07	20.08	20.06	20.08	20.08
	17.08	32.89	16.82	11.45	15.18	17.02	60.85	51.66	48.12	68.45	44.04	43.02	42.51
Total Assets	32.40	48.18	33.86	27.88	32.79	35.68	79.56	71.09	67.46	88.85	64.34	63.22	62.70

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
	31.84	-15.13	0.36	2.41	-9.39	-6.58	-18.59	29.45	-2.85	-7.66	5.79	3.15
	-0.45	0.10	-1.95	1.24	5.05	4.72	-11.40	-14.97	5.58	-6.31	11.51	-2.12
	-29.52	3.38	-0.04	-3.69	4.74	0.60	29.81	-13.86	-2.16	15.34	-17.87	-3.01
Net Cash Flow	1.87	-11.65	-1.62	-0.05	0.40	-1.26	-0.19	0.62	0.56	1.37	-0.57	-1.98

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	50.95	119.21	47.87	28.67	59.14	151.31	30.48	21.75	47.51	129.15	160.23	154.36
Inventory Days	23.88	34.11	117.42	53.77	48.51	137.63	84.81	13.22	37.86	44.64	55.04	16.40
Days Payable	43.76	114.38	49.86	18.60	14.08	71.63	31.19	23.01	27.74	47.61	1.29	0.77
Cash Conversion Cycle	31.06	38.95	115.44	63.84	93.57	217.31	84.10	11.95	57.63	126.18	213.98	170.00
Working Capital Days	44.52	64.42	127.97	92.34	210.98	449.44	112.79	62.90	149.91	266.45	424.50	422.55
ROCE %	6.25%	3.89%	4.22%	-0.36%	2.77%	2.02%	7.47%	11.56%	7.31%	5.81%	2.26%	1.28%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	72.42%	66.76%	66.76%	66.75%	66.75%	67.01%	67.01%	67.01%	67.01%	66.90%	66.90%	66.90%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	27.51%	33.17%	33.17%	33.18%	33.17%	32.92%	32.92%	32.92%	32.93%	33.04%	33.03%	33.04%
No. of Shareholders	16,356	17,510	17,610	17,874	17,777	17,485	17,398	17,460	17,462	17,690	17,826	17,777

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	65.39%	65.50%	65.63%	65.68%	65.68%	66.76%	67.01%	66.90%	66.90%
	0.15%	0.15%	0.15%	0.15%	0.15%	0.07%	0.07%	0.07%	0.07%
	34.46%	34.36%	34.23%	34.18%	34.18%	33.17%	32.92%	33.04%	33.04%
No. of Shareholders	11,795	11,510	11,430	11,377	11,333	17,510	17,485	17,690	17,777

* 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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Asian Tea & Exports Ltd

Asian Tea & Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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