Mcleod Russel India Ltd

₹ 30.6 0.46%

22 Nov 9:23 a.m.

mcleodrussel.com BSE: 532654 NSE: MCLEODRUSS

About

Incorporated in 1998, McLeod Russel
India Ltd is in the business of cultivation
and manufacturing of tea^[1]

Key Points

Business Overview:^[1]^[2]
MLRL is a tea plantation company of Kolkata-based B.M. Khaitan Group and was formed
after the demerger of the bulk tea business from Eveready Industries India Ltd. It is in the business of cultivation, manufacture, and sale
of tea and is managed as a single-unit organization.

Website BSE NSE

Market Cap ₹ 320 Cr.
Current Price ₹ 30.6
High / Low ₹ 38.0 / 21.1
Stock P/E
Book Value ₹ 31.8
Dividend Yield 0.00 %
ROCE -7.00 %
ROE -77.3 %
Face Value ₹ 5.00

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Pros

Stock is trading at 0.96 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -7.99% over past five years.
Promoter holding is low: 6.24%
Company has a low return on equity of -19.1% 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: Plantation & Plantation Products Industry: Tea

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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
	494	389	254	230	425	489	226	226	366	349	195	197	453
	313	378	370	224	208	517	326	231	243	389	381	185	295
Operating Profit	181	11	-116	6	217	-28	-100	-5	123	-40	-186	12	158
OPM %	37%	3%	-46%	2%	51%	-6%	-44%	-2%	34%	-12%	-96%	6%	35%
	3	5	-1	7	2	3	-928	3	2	5	6	21	1
Interest	39	46	35	41	45	40	74	55	48	47	54	48	49
Depreciation	19	19	20	17	18	18	17	16	18	16	16	15	15
Profit before tax	126	-50	-171	-45	155	-84	-1,120	-73	60	-98	-250	-30	95
Tax %	3%	-12%	13%	-15%	16%	-16%	-4%	-1%	-3%	-17%	-13%	-31%	11%
	123	-44	-193	-38	131	-71	-1,078	-73	61	-82	-218	-21	85
EPS in Rs	11.74	-4.17	-18.47	-3.66	12.52	-6.78	-103.23	-6.96	5.85	-7.82	-20.91	-1.98	8.09
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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
	1,669	1,789	1,646	1,926	1,871	2,055	1,723	1,143	1,438	1,356	1,370	1,136	1,193
	1,287	1,436	1,516	1,754	1,761	1,903	1,763	1,101	1,243	1,288	1,275	1,245	1,250
Operating Profit	381	353	130	172	110	152	-41	42	195	68	95	-109	-57
OPM %	23%	20%	8%	9%	6%	7%	-2%	4%	14%	5%	7%	-10%	-5%
	34	42	43	88	184	382	523	73	20	10	-918	17	33
Interest	51	60	72	109	136	180	338	227	205	165	201	203	197
Depreciation	39	38	77	102	104	102	84	78	90	75	70	66	62
Profit before tax	325	297	25	49	55	252	61	-189	-80	-162	-1,093	-362	-283
Tax %	13%	12%	-38%	29%	-18%	13%	36%	-22%	-34%	12%	-3%	-14%
	280	261	33	35	64	219	39	-148	-52	-181	-1,057	-312	-236
EPS in Rs	25.03	23.49	2.85	2.56	5.35	19.00	3.05	-14.15	-5.02	-17.32	-101.14	-29.83	-22.62
Dividend Payout %	28%	30%	105%	59%	4%	2%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	-4%
5 Years:	-8%
3 Years:	-8%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-15%

Stock Price CAGR
10 Years:	-19%
5 Years:	35%
3 Years:	3%
1 Year:	34%

Return on Equity
10 Years:	-5%
5 Years:	-12%
3 Years:	-19%
Last Year:	-77%

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	55	55	55	41	41	46	44	52	52	52	52	52	52
Reserves	1,896	2,102	2,037	1,909	1,918	2,121	1,971	1,802	1,771	1,596	517	198	279
	249	304	602	836	936	1,091	1,812	2,346	2,261	2,089	1,961	1,892	1,884
	434	427	395	604	557	585	733	735	824	1,025	1,209	1,394	1,563
Total Liabilities	2,634	2,888	3,089	3,390	3,452	3,843	4,559	4,935	4,908	4,763	3,740	3,536	3,779
	1,928	2,073	2,165	2,164	2,137	2,120	1,475	1,426	1,397	1,395	1,386	1,280	1,262
CWIP	40	53	63	96	91	107	89	93	67	56	47	45	49
Investments	17	13	12	78	72	96	101	11	53	62	52	62	86
	649	749	848	1,051	1,151	1,520	2,893	3,406	3,391	3,250	2,254	2,148	2,382
Total Assets	2,634	2,888	3,089	3,390	3,452	3,843	4,559	4,935	4,908	4,763	3,740	3,536	3,779

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
	208	197	108	207	137	196	280	84	178	105	205	34
	-70	-135	-271	-289	-68	-147	-323	-740	-1	-57	-42	57
	-125	-60	159	85	-64	-28	320	362	-132	-120	-174	-100
Net Cash Flow	13	2	-5	3	5	21	277	-295	45	-72	-11	-9

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	9	10	19	24	21	22	8	11	8	13	11	15
Inventory Days	251	281	354	244	274	251	275	1,208	352	288	422	343
Days Payable	112	101	169	132	135	136	212	555	192	204	349	345
Cash Conversion Cycle	148	189	204	135	161	137	71	664	168	97	84	13
Working Capital Days	5	19	63	95	127	151	-43	-112	-79	-132	-206	-341
ROCE %	18%	15%	4%	6%	6%	8%	3%	-0%	3%	0%	1%	-7%

Shareholding Pattern

Numbers in percentages

8 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
	1.11%	2.21%	2.12%	4.12%	2.04%	0.01%	0.00%	0.04%	1.37%	2.15%	1.60%	1.86%
	1.48%	1.48%	1.48%	1.48%	1.48%	1.48%	1.34%	1.34%	1.34%	1.34%	1.31%	1.31%
	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	91.17%	90.04%	90.15%	88.14%	90.22%	92.26%	92.41%	92.38%	91.04%	90.26%	90.85%	90.59%
No. of Shareholders	65,294	70,260	69,733	68,859	67,112	66,997	66,906	66,980	65,985	65,501	64,865	65,826

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	49.89%	40.76%	42.71%	27.00%	17.48%	6.25%	6.25%	6.25%	6.25%
	17.55%	23.19%	23.14%	0.87%	0.69%	2.21%	0.01%	2.15%	1.86%
	14.50%	12.94%	16.16%	9.43%	1.48%	1.48%	1.48%	1.34%	1.31%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%
	18.06%	23.12%	18.00%	62.70%	80.35%	90.04%	92.26%	90.26%	90.59%
No. of Shareholders	65,394	57,442	55,327	60,779	60,852	70,260	66,997	65,501	65,826

* 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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Mcleod Russel India Ltd

Mcleod Russel India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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