Growington Ventures India Ltd

Growington Ventures India Ltd

₹ 3.87 -1.78%
25 Nov - close price
About

Incorporated in 2010, Growington Ventures India Ltd does trading and distribution activities of different products[1]

Key Points

Business Overview:[1][2][3]
Company used to deal in holiday travel packages but shifted to the business of exporting & importing of Premium Quality Fruits. It has a portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, South African Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Banana, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind, etc. Company is also planning to start trading of Spices

  • Market Cap 62.1 Cr.
  • Current Price 3.87
  • High / Low 23.6 / 3.85
  • Stock P/E 25.9
  • Book Value 1.29
  • Dividend Yield 0.00 %
  • ROCE 14.6 %
  • ROE 9.65 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.99 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.26% over last 3 years.
  • Company might be capitalizing the interest cost

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2015 Mar 2016 Jun 2016 Sep 2016 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 2.11 0.00 2.25 3.82 4.51 11.30 2.42 8.17 10.42 9.34 6.43 5.47
0.00 2.36 0.00 2.33 3.92 4.54 10.38 2.99 6.73 9.23 9.25 5.31 4.41
Operating Profit 0.00 -0.25 0.00 -0.08 -0.10 -0.03 0.92 -0.57 1.44 1.19 0.09 1.12 1.06
OPM % -11.85% -3.56% -2.62% -0.67% 8.14% -23.55% 17.63% 11.42% 0.96% 17.42% 19.38%
0.00 0.30 0.00 0.27 0.49 0.23 0.22 0.20 0.21 0.21 0.19 0.18 0.18
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.07 0.12 0.13
Depreciation 0.00 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.03 0.06 0.06
Profit before tax 0.00 0.04 0.00 0.18 0.38 0.19 1.13 -0.38 1.64 1.33 0.18 1.12 1.05
Tax % -50.00% 33.33% 34.21% 26.32% 25.66% 0.00% 25.61% 27.07% 177.78% 25.89% 29.52%
0.00 0.07 0.00 0.12 0.26 0.15 0.84 -0.38 1.21 0.97 -0.14 0.83 0.74
EPS in Rs 0.00 0.01 0.00 0.02 0.02 0.01 0.05 -0.02 0.08 0.06 -0.01 0.05 0.05
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
1.43 1.77 2.79 6.52 4.33 1.86 1.21 0.68 0.80 1.23 19.63 30.34 31.66
1.45 1.77 2.83 7.04 4.53 2.07 1.49 0.75 1.11 1.40 18.68 28.13 28.20
Operating Profit -0.02 0.00 -0.04 -0.52 -0.20 -0.21 -0.28 -0.07 -0.31 -0.17 0.95 2.21 3.46
OPM % -1.40% 0.00% -1.43% -7.98% -4.62% -11.29% -23.14% -10.29% -38.75% -13.82% 4.84% 7.28% 10.93%
0.03 0.02 -0.02 0.45 0.33 0.47 0.46 0.51 0.43 0.22 0.94 0.74 0.76
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.13 0.37
Depreciation 0.00 0.00 0.00 0.01 0.02 0.02 0.02 0.01 0.01 0.01 0.02 0.06 0.17
Profit before tax 0.01 0.02 -0.06 -0.08 0.11 0.24 0.16 0.43 0.11 0.04 1.71 2.76 3.68
Tax % 0.00% 50.00% 0.00% -37.50% 45.45% 29.17% 25.00% 25.58% 27.27% 150.00% 26.32% 36.23%
0.01 0.01 -0.06 -0.06 0.07 0.17 0.12 0.32 0.08 -0.03 1.26 1.76 2.40
EPS in Rs 1.00 0.00 -0.01 -0.01 0.01 0.02 0.02 0.05 0.01 -0.00 0.08 0.11 0.15
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: 33%
5 Years: 90%
3 Years: 236%
TTM: 20%
Compounded Profit Growth
10 Years: 68%
5 Years: 71%
3 Years: 193%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 70%
1 Year: -82%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 7%
Last Year: 10%

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 0.01 4.02 4.02 5.58 5.58 5.58 5.58 5.58 5.58 5.58 15.90 16.06 16.06
Reserves 0.01 0.01 -0.05 -0.11 -0.04 0.12 0.24 0.56 0.64 3.11 1.38 3.14 4.70
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.98 6.41
0.10 0.21 0.25 0.28 0.17 0.15 0.19 0.19 0.65 0.13 5.02 7.35 9.08
Total Liabilities 0.12 4.24 4.22 5.75 5.71 5.85 6.01 6.33 6.87 8.82 22.30 29.53 36.25
0.01 0.01 0.02 0.06 0.04 0.10 0.08 0.06 0.05 0.08 0.08 0.52 0.41
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.35 0.51 0.02 0.00 1.00 1.00
0.11 4.23 4.20 5.69 5.67 5.75 5.93 5.92 6.31 8.72 22.22 28.01 34.84
Total Assets 0.12 4.24 4.22 5.75 5.71 5.85 6.01 6.33 6.87 8.82 22.30 29.53 36.25

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
0.10 -3.02 -1.45 -1.79 -0.11 0.89 -0.77 -0.58 -1.14 0.77 -10.19 -0.81
-0.01 0.01 0.41 0.38 0.32 0.39 0.46 0.16 0.26 0.65 0.86 -1.01
-0.02 4.00 0.00 1.56 0.00 0.00 0.00 0.00 0.00 2.50 7.33 0.16
Net Cash Flow 0.07 0.99 -1.03 0.15 0.21 1.28 -0.31 -0.42 -0.88 3.91 -2.00 -1.66

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 0.00 14.44 3.92 7.28 15.17 27.47 48.26 21.47 241.81 2.97 135.18 75.31
Inventory Days 0.00 0.00 1.61 8.52
Days Payable 92.06 91.71
Cash Conversion Cycle 0.00 14.44 3.92 7.28 15.17 27.47 48.26 21.47 241.81 2.97 44.73 -7.88
Working Capital Days -20.42 604.21 493.21 284.39 418.11 753.55 1,297.11 2,533.53 2,518.50 1,341.30 281.51 241.81
ROCE % 33.33% 0.99% 9.50% -1.69% 2.00% 4.27% 2.78% 7.19% 1.62% 2.82% 14.40% 14.65%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.22% 61.10% 38.16% 38.16% 38.16% 43.12% 43.12% 42.70% 42.70% 42.70% 42.70% 42.70%
34.78% 38.90% 61.84% 61.84% 61.84% 56.88% 56.87% 57.30% 57.31% 57.31% 57.31% 57.29%
No. of Shareholders 29598033930823626225296224,10227,31336,466

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