Elegant Floriculture & Agrotech (India) Ltd

Elegant Floriculture & Agrotech (India) Ltd

₹ 6.41 -3.46%
22 Nov 4:00 p.m.
About

Established in 1994, Elegant Flora Ltd is a premium grower, exporter and supplier of fresh cut flowers like Rose, Gerbera carnation, etc.

Key Points

Business Overview:[1]
Company is one of the pioneers in growing premium rose varieties sourced from well known Dutch and European breeding companies. It is a leading exporter of Roses and other Flowers. Company has warehousing facilities to store fresh flowers and C&F agents for handling and delivery of flowers.
Company is a leader of small flower federation and is one of the oldest flower growers in Green House (India).

  • Market Cap 12.8 Cr.
  • Current Price 6.41
  • High / Low 8.90 / 5.12
  • Stock P/E 29.1
  • Book Value 10.6
  • Dividend Yield 0.00 %
  • ROCE 0.10 %
  • ROE 0.10 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.62 times its book value

Cons

  • The company has delivered a poor sales growth of -18.5% over past five years.
  • Promoter holding is low: 7.55%
  • Company has a low return on equity of 0.06% 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

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
0.11 0.28 0.36 0.17 0.24 0.13 0.76 0.06 0.11 0.22 0.21 0.07 0.08
0.18 0.12 0.43 0.27 0.27 0.21 0.84 0.29 0.10 0.19 0.15 0.17 0.27
Operating Profit -0.07 0.16 -0.07 -0.10 -0.03 -0.08 -0.08 -0.23 0.01 0.03 0.06 -0.10 -0.19
OPM % -63.64% 57.14% -19.44% -58.82% -12.50% -61.54% -10.53% -383.33% 9.09% 13.64% 28.57% -142.86% -237.50%
0.29 0.15 0.12 0.13 0.11 0.11 0.75 0.13 0.13 0.13 0.15 0.37 0.35
Interest 0.01 0.02 0.01 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.43 0.00 0.00 0.00 0.43 0.11 0.11 0.07 0.09 0.09 0.09
Profit before tax 0.21 0.29 -0.39 0.03 0.08 0.03 0.19 -0.21 0.03 0.09 0.12 0.18 0.07
Tax % 0.00% 0.00% 15.38% 0.00% 0.00% 0.00% 31.58% 0.00% 0.00% 0.00% 8.33% 0.00% 0.00%
0.21 0.29 -0.44 0.03 0.08 0.03 0.14 -0.21 0.03 0.09 0.11 0.18 0.06
EPS in Rs 0.10 0.14 -0.22 0.02 0.04 0.02 0.07 -0.10 0.02 0.04 0.06 0.09 0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
1.16 0.97 1.29 1.52 1.93 1.22 1.67 0.97 0.53 0.72 0.72 0.60 0.58
0.84 0.78 0.95 1.16 1.46 0.98 1.55 1.00 0.58 0.80 0.96 0.74 0.78
Operating Profit 0.32 0.19 0.34 0.36 0.47 0.24 0.12 -0.03 -0.05 -0.08 -0.24 -0.14 -0.20
OPM % 27.59% 19.59% 26.36% 23.68% 24.35% 19.67% 7.19% -3.09% -9.43% -11.11% -33.33% -23.33% -34.48%
0.09 0.31 0.26 0.13 0.64 0.42 0.43 0.61 0.45 0.75 0.51 0.54 1.00
Interest 0.07 0.02 0.08 0.10 0.16 0.09 0.09 0.09 0.07 0.05 0.01 0.00 0.00
Depreciation 0.33 0.33 0.36 0.37 0.43 0.44 0.44 0.44 0.43 0.43 0.43 0.38 0.34
Profit before tax 0.01 0.15 0.16 0.02 0.52 0.13 0.02 0.05 -0.10 0.19 -0.17 0.02 0.46
Tax % 2,400.00% 40.00% -43.75% -50.00% -76.92% 84.62% 600.00% 360.00% 340.00% 31.58% -35.29% 50.00%
-0.23 0.09 0.23 0.02 0.92 0.03 -0.10 -0.13 -0.45 0.14 -0.12 0.02 0.44
EPS in Rs -0.12 0.04 0.12 0.01 0.46 0.02 -0.05 -0.06 -0.22 0.07 -0.06 0.01 0.22
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: -19%
3 Years: 4%
TTM: -45%
Compounded Profit Growth
10 Years: -9%
5 Years: 17%
3 Years: 27%
TTM: 4500%
Stock Price CAGR
10 Years: 4%
5 Years: -1%
3 Years: 28%
1 Year: -4%
Return on Equity
10 Years: 0%
5 Years: -1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

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 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97 19.97
Reserves -0.01 0.07 0.31 0.32 1.60 1.63 1.53 1.40 0.95 1.09 0.96 0.98 1.22
0.62 0.29 0.88 5.79 1.16 6.09 6.60 0.67 0.42 0.01 0.00 0.00 0.00
0.45 0.56 0.62 0.47 0.33 0.18 0.26 0.36 0.50 0.34 0.48 0.44 0.60
Total Liabilities 21.03 20.89 21.78 26.55 23.06 27.87 28.36 22.40 21.84 21.41 21.41 21.39 21.79
3.16 2.88 3.12 3.11 4.01 3.62 3.23 2.82 2.45 2.08 1.71 1.34 1.16
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.99 2.99 2.99
Investments 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.77 18.01 18.66 23.44 19.05 24.25 25.13 19.58 19.39 19.33 16.71 17.06 17.64
Total Assets 21.03 20.89 21.78 26.55 23.06 27.87 28.36 22.40 21.84 21.41 21.41 21.39 21.79

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.05 -1.43 -0.04 0.00 1.05 -1.91 0.10 2.92 -0.87 -9.67 -0.97 -0.70
1.19 1.57 -0.40 0.00 -0.67 2.19 0.14 -2.83 0.86 10.10 1.15 0.53
-0.07 -0.35 0.50 0.00 0.18 -0.66 -0.08 -0.10 -0.32 -0.46 -0.01 0.00
Net Cash Flow 0.07 -0.21 0.06 0.00 0.56 -0.38 0.15 -0.01 -0.34 -0.03 0.17 -0.17

Ratios

Figures in Rs. Crores

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 22.03 52.68 73.57 48.03 56.74 71.80 85.24 82.78 117.08 106.46 86.18 97.33
Inventory Days 509.74 418.23 1,758.64 51.10 0.00
Days Payable 12.59 38.02 564.09 21.90
Cash Conversion Cycle 519.18 432.89 1,268.11 77.23 56.74 71.80 85.24 82.78 117.08 106.46 86.18 97.33
Working Capital Days 1,214.57 2,065.82 1,666.55 2,687.07 1,159.30 4,101.76 3,097.04 1,941.65 4,049.43 7,842.43 8,293.61 10,256.50
ROCE % 0.39% 0.49% 1.16% 0.51% 2.79% 0.79% 0.39% 0.56% -0.14% 1.13% -0.76% 0.10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
7.55% 7.53% 7.55% 7.55% 7.55% 7.55% 7.55% 7.55% 7.55% 7.55% 7.55% 7.55%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
92.25% 92.28% 92.25% 92.25% 92.25% 92.25% 92.25% 92.25% 92.26% 92.26% 92.27% 92.26%
No. of Shareholders 5,61725,23544,69538,75436,38834,49333,04031,54530,30629,34928,38927,536

* 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.

Click on the line-items to see the names of individual entities.

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