United Nilgiri Tea Estates Company Ltd

United Nilgiri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

United Nilgiri Tea Estates Company Ltd

₹ 403 -1.56%
02 Jul - close price
Company website NSE: UNITEDTEA
About

Incorporated in 1922, United Nilgiri Tea Estates & Company Ltd does growing and manufacture of Tea besides Letting-out of property[1]

Key Points

Business Overview:[1]
Company does production and export
of organic teas in Bulk and Packets through
its brands viz. Chamraj and Korakundah
Organic Tea

Website NSE
  • Market Cap ₹ 201 Cr.
  • Current Price ₹ 403
  • High / Low ₹ 433 / 277
  • Stock P/E 12.6
  • Book Value ₹ 409
  • Dividend Yield 0.67 %
  • ROCE 10.5 %
  • ROE 8.20 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value

Cons

  • The company has delivered a poor sales growth of 5.04% over past five years.
  • Company has a low return on equity of 6.70% over last 3 years.
  • Earnings include an other income of Rs.7.56 Cr.
  • Dividend payout has been low at 11.5% of profits over last 3 years
  • Debtor days have increased from 39.8 to 56.0 days.
  • Working capital days have increased from 94.9 days to 158 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: Plantation & Plantation Products Industry: Tea

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
12.81 20.67 18.77 19.04 17.17 23.43 23.28 20.00 16.94 19.36 19.16 23.60 21.89
13.27 16.31 14.52 17.12 16.58 18.59 19.93 16.88 14.48 14.46 14.93 19.04 19.14
Operating Profit -0.46 4.36 4.25 1.92 0.59 4.84 3.35 3.12 2.46 4.90 4.23 4.56 2.75
OPM % -3.59% 21.09% 22.64% 10.08% 3.44% 20.66% 14.39% 15.60% 14.52% 25.31% 22.08% 19.32% 12.56%
1.15 1.55 1.81 0.77 1.25 0.28 1.29 1.67 1.67 1.97 1.49 1.85 2.25
Interest -0.01 0.03 0.03 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.02
Depreciation 1.21 0.88 0.88 0.87 0.87 0.87 0.89 1.01 0.88 0.88 0.89 0.87 0.87
Profit before tax -0.51 5.00 5.15 1.79 0.94 4.23 3.72 3.75 3.22 5.96 4.80 5.51 4.11
Tax % 47.06% 18.60% 16.12% 22.35% 45.74% 18.20% 19.35% 24.53% 12.42% 18.79% 19.17% 22.32% 25.79%
-0.27 4.07 4.33 1.39 0.51 3.46 3.00 2.84 2.82 4.84 3.89 4.28 3.05
EPS in Rs -0.54 8.15 8.67 2.78 1.02 6.92 6.00 5.68 5.64 9.69 7.79 8.57 6.10
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
37 49 51 57 54 62 66 63 66 76 84 84
29 38 39 42 42 49 52 50 56 65 70 68
Operating Profit 8 11 12 14 13 13 14 13 11 11 14 16
OPM % 21% 23% 24% 25% 23% 21% 21% 20% 16% 15% 16% 20%
1 1 2 2 2 5 6 4 8 5 5 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 2 2 3 3 3 3 3 4 3 4 4
Profit before tax 7 10 11 14 12 15 17 14 15 13 15 20
Tax % 18% 23% 23% 25% 25% 21% 15% 23% 19% 20% 19% 21%
6 8 9 10 9 12 14 11 12 10 12 16
EPS in Rs 11.49 15.53 17.41 20.47 18.33 24.32 28.76 21.43 24.52 20.59 24.26 32.12
Dividend Payout % 20% 17% 16% 13% 15% 11% 9% 13% 11% 18% 11% 5%
Compounded Sales Growth
10 Years: 6%
5 Years: 5%
3 Years: 8%
TTM: 0%
Compounded Profit Growth
10 Years: 8%
5 Years: 4%
3 Years: 13%
TTM: 42%
Stock Price CAGR
10 Years: 5%
5 Years: 6%
3 Years: 5%
1 Year: 46%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 7%
Last Year: 8%

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
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 41 47 54 63 97 112 134 150 161 170 182 199
0 1 0 0 0 0 0 0 0 0 0 0
6 8 6 8 7 8 8 9 12 12 11 13
Total Liabilities 53 61 66 76 108 125 148 164 177 187 198 217
35 36 38 38 38 39 38 43 44 43 44 43
CWIP 0 0 0 0 0 0 1 1 1 2 3 2
Investments 3 2 2 4 41 63 73 76 102 107 127 134
15 22 26 34 30 23 36 43 30 34 25 38
Total Assets 53 61 66 76 108 125 148 164 177 187 198 217

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
7 9 8 11 9 6 11 8 9 5 15 8
-3 -6 -7 -10 -7 -6 -10 -4 -9 -3 -13 -4
-5 -1 -2 -2 -2 -2 -2 -2 -1 -1 -1 -2
Net Cash Flow 0 2 -0 -1 1 -2 -1 3 -2 1 0 2

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 22 39 35 36 14 32 25 42 27 40 24 56
Inventory Days 113 79 128 112 148 151 164 199 247 201 126 112
Days Payable 100 74 94 132 18 37 37 58 61 53 30 34
Cash Conversion Cycle 35 44 69 16 144 145 152 183 213 188 120 134
Working Capital Days 25 20 34 29 37 49 57 72 71 77 50 158
ROCE % 16% 20% 19% 21% 14% 14% 12% 9% 9% 7% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79% 49.79%
12.81% 12.81% 12.25% 12.25% 12.25% 9.26% 7.49% 7.19% 4.89% 4.41% 4.41% 4.41%
37.40% 37.39% 37.96% 37.96% 37.96% 40.94% 42.70% 43.02% 45.32% 45.80% 45.80% 45.80%
No. of Shareholders 3,2583,8573,8644,0393,9424,3144,3674,2864,6384,9634,7594,967

* 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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Documents

Announcements

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