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 65.8
Book Value ₹ 30.6
Dividend Yield 0.00 %
ROCE 1.35 %
ROE -1.58 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.49 times its book value
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -22.8% over past five years.
Company has a low return on equity of 1.76% over last 3 years.
Contingent liabilities of Rs.201 Cr.
Earnings include an other income of Rs.1.91 Cr.
Company has high debtors of 214 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

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
	10.63	9.65	44.92	6.74	10.55	5.57	11.17	5.28	8.83	9.21	18.56	12.08	13.17
	11.15	8.04	43.37	6.74	10.83	6.08	11.85	5.16	9.66	9.17	17.97	11.95	12.71
Operating Profit	-0.52	1.61	1.55	0.00	-0.28	-0.51	-0.68	0.12	-0.83	0.04	0.59	0.13	0.46
OPM %	-4.89%	16.68%	3.45%	0.00%	-2.65%	-9.16%	-6.09%	2.27%	-9.40%	0.43%	3.18%	1.08%	3.49%
	1.04	1.10	0.56	1.54	1.86	1.59	0.85	1.02	1.47	0.98	-0.91	1.03	0.81
Interest	0.85	0.76	0.90	0.74	0.60	0.73	0.72	0.57	0.46	0.49	0.57	0.52	0.63
Depreciation	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.15	0.08	0.08
Profit before tax	-0.36	1.92	1.17	0.76	0.94	0.31	-0.59	0.54	0.15	0.50	-1.04	0.56	0.56
Tax %	-8.33%	0.52%	22.22%	2.63%	2.13%	6.45%	-6.78%	0.00%	6.67%	0.00%	2.88%	1.79%	8.93%
	-0.33	1.91	0.91	0.74	0.92	0.30	-0.54	0.54	0.14	0.49	-1.08	0.54	0.51
EPS in Rs	-0.16	0.96	0.46	0.37	0.46	0.15	-0.27	0.27	0.07	0.24	-0.54	0.27	0.26
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
	144.02	59.49	30.19	29.45	20.12	10.59	152.83	236.35	118.06	81.55	34.03	41.88	53.02
	137.07	58.79	29.45	29.90	19.75	10.89	150.05	228.70	116.21	78.09	35.50	41.98	51.80
Operating Profit	6.95	0.70	0.74	-0.45	0.37	-0.30	2.78	7.65	1.85	3.46	-1.47	-0.10	1.22
OPM %	4.83%	1.18%	2.45%	-1.53%	1.84%	-2.83%	1.82%	3.24%	1.57%	4.24%	-4.32%	-0.24%	2.30%
	0.66	1.80	1.79	2.99	1.56	2.05	1.32	1.78	5.80	3.15	5.83	2.57	1.91
Interest	4.03	0.30	0.89	0.64	0.57	0.57	2.17	5.77	3.47	3.33	2.78	2.09	2.21
Depreciation	0.31	0.29	0.31	0.21	0.16	0.13	0.13	0.19	0.17	0.14	0.15	0.24	0.34
Profit before tax	3.27	1.91	1.33	1.69	1.20	1.05	1.80	3.47	4.01	3.14	1.43	0.14	0.58
Tax %	33.33%	15.71%	7.52%	3.55%	-4.17%	12.38%	30.00%	20.17%	8.73%	8.60%	0.70%	28.57%
	2.18	1.61	1.23	1.63	1.26	0.92	1.27	2.77	3.67	2.87	1.42	0.10	0.46
EPS in Rs	0.76	0.80	0.62	0.82	0.63	0.46	0.64	1.38	1.84	1.44	0.71	0.05	0.23
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:	-3%
5 Years:	-23%
3 Years:	-29%
TTM:	72%

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

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

Return on Equity
10 Years:	4%
5 Years:	4%
3 Years:	2%
Last Year:	-2%

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	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	19.55	20.26	21.17	22.54	23.56	24.26	25.26	27.84	31.34	39.05	40.32	40.28	41.27
	17.31	5.31	5.44	1.65	6.85	7.71	42.11	30.49	32.08	37.40	25.50	24.12	24.10
	12.82	19.11	4.46	2.39	1.86	3.52	15.07	17.15	8.77	19.53	5.12	9.54	5.53
Total Liabilities	59.68	54.68	41.07	36.58	42.27	45.49	92.44	85.48	82.19	115.98	90.94	93.94	90.90
	12.99	12.53	12.00	11.19	10.80	10.52	10.30	10.13	9.79	9.61	9.31	14.07	14.06
CWIP	2.40	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.22	0.22	0.00
Investments	6.75	10.55	12.49	14.04	16.31	18.17	18.53	19.68	22.66	25.99	28.28	28.16	29.38
	37.54	31.60	16.58	11.35	15.16	16.79	63.61	55.67	49.74	80.38	53.13	51.49	47.46
Total Assets	59.68	54.68	41.07	36.58	42.27	45.49	92.44	85.48	82.19	115.98	90.94	93.94	90.90

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
	12.56	17.15	-0.89	2.83	-9.51	-3.25	-50.12	31.78	-2.96	-8.81	2.58	5.28
	2.74	-4.25	-0.94	1.04	5.14	1.68	17.72	-15.03	5.49	-6.44	11.01	-7.05
	-14.47	-12.01	0.22	-3.73	4.63	0.28	32.24	-16.08	-1.87	17.01	-14.66	-0.12
Net Cash Flow	0.83	0.89	-1.62	0.14	0.26	-1.29	-0.16	0.67	0.66	1.75	-1.07	-1.90

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	54.08	119.27	48.00	29.13	59.14	156.82	29.28	21.05	33.42	156.20	191.13	214.05
Inventory Days	30.95	35.12	119.09	55.65	53.62	148.09	94.22	12.60	31.90	45.13	57.19	16.18
Days Payable	22.90	114.50	51.43	22.26	23.09	90.95	36.72	21.55	25.78	86.95	5.50	75.36
Cash Conversion Cycle	62.13	39.90	115.66	62.51	89.67	213.97	86.78	12.10	39.55	114.38	242.82	154.87
Working Capital Days	65.36	58.04	128.03	87.75	196.65	418.77	102.55	57.70	118.41	245.94	467.75	346.78
ROCE %	13.25%	5.12%	5.10%	3.93%	4.77%	3.88%	6.65%	12.68%	10.51%	7.62%	4.22%	1.35%

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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