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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 519600 | NSE: CCL

CCL Products (India) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:27 pm

Market Cap 9,877 Cr.
Current Price 741
High / Low855/551
Stock P/E36.1
Book Value 135
Dividend Yield0.61 %
ROCE12.4 %
ROE15.8 %
Face Value 2.00
PEG Ratio4.89

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CCL Products (India) Ltd

Competitors of CCL Products (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Goodricke Group Ltd 639 Cr. 296357/159 1450.00 %14.8 %25.0 % 10.0
Diana Tea Company Ltd 57.6 Cr. 38.453.8/23.5 48.90.00 %3.15 %0.32 % 5.00
Bengal Tea & Fabrics Ltd 159 Cr. 177227/80.2 1220.56 %1.98 %2.13 % 10.0
Bansisons Tea Industries Ltd 3.55 Cr. 5.618.90/3.34 9.350.00 %2.66 %2.66 % 10.0
B&A Ltd 162 Cr. 523734/29711.8 4960.00 %8.52 %5.55 % 10.0
Industry Average8,773.80 Cr440.4428.77254.140.30%8.63%12.47%6.84

All Competitor Stocks of CCL Products (India) Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales326337423376509507535520655608664727773
Expenses254254331292421409435407549498554609643
Operating Profit728292848998101113106110111118130
OPM %22%24%22%22%17%19%19%22%16%18%17%16%17%
Other Income0013000201141
Interest54445711111518232121
Depreciation14141516171719102223223123
Profit before tax54657568677371956970677087
Tax %18%24%22%23%21%21%-4%10%13%13%5%7%18%
Net Profit44495853535873856161636571
EPS in Rs3.303.714.403.963.964.345.496.414.564.574.764.885.35

Last Updated: September 12, 2024, 4:59 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 4:59 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales6517178819329761,1381,0811,1391,2421,4622,0712,6542,772
Expenses5295747097277448998368539451,1311,6712,2082,303
Operating Profit121143171205232239245286298331400445469
OPM %19%20%19%22%24%21%23%25%24%23%19%17%17%
Other Income2331153434367
Interest211714111188181716347884
Depreciation29292728333432474957649898
Profit before tax74100134167189202209225235261305276294
Tax %36%35%30%27%29%27%26%26%22%22%7%9%
Net Profit476494122135148155166182204284250261
EPS in Rs3.574.847.069.1810.1211.1411.6412.4713.7015.3621.3518.7319.56
Dividend Payout %14%25%21%27%25%22%30%40%29%33%21%24%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)36.17%46.88%29.79%10.66%9.63%4.73%7.10%9.64%12.09%39.22%-11.97%
Change in YoY Net Profit Growth (%)0.00%10.70%-17.09%-19.13%-1.03%-4.90%2.37%2.54%2.45%27.13%-51.19%

CCL Products (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:20%
3 Years:29%
TTM:25%
Compounded Profit Growth
10 Years:15%
5 Years:10%
3 Years:11%
TTM:-2%
Stock Price CAGR
10 Years:17%
5 Years:29%
3 Years:25%
1 Year:18%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:18%
Last Year:16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:32 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital13272727272727272727272727
Reserves2653263954836027138129021,0611,2241,4711,6471,781
Borrowings3022922292101423114164695596559201,6221,975
Other Liabilities8680111817883166112142164180240240
Total Liabilities6677257628018481,1341,4221,5091,7882,0702,5973,5364,023
Fixed Assets3343613404173933713837247988821,2571,2521,233
CWIP039530022642410014916054501728
Investments2222211100000
Other Assets3313243673824535356136848411,0281,2861,7832,063
Total Assets6677257628018481,1341,4221,5091,7882,0702,5973,5364,023

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +251251051611021451629117111617355
Cash from Investing Activity +-38-58-19-87-20-247-175-88-153-192-307-527
Cash from Financing Activity +16-42-93-82-8412942-37649164559
Net Cash Flow425-8-8-22729-3582-673086

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-181.00-149.00-58.00-5.0090.00-72.00-171.00-183.00-261.00-324.00-520.00444.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days495447506158798688807868
Inventory Days1481181169912197123170198262187185
Days Payable271829885351613232423
Cash Conversion Cycle170155134142174150168240272319241230
Working Capital Days103908482118130105149147212184192
ROCE %17%19%23%26%27%23%19%18%17%16%16%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters46.19%46.20%46.26%46.26%46.26%46.26%46.26%46.26%46.26%46.26%46.26%46.09%
FIIs9.21%9.29%8.19%5.80%7.56%7.59%7.75%7.70%7.75%7.77%8.12%9.76%
DIIs17.73%18.30%19.45%22.34%21.85%21.81%21.06%21.05%21.39%21.44%21.73%20.57%
Public26.87%26.20%26.10%25.59%24.32%24.36%24.95%24.99%24.61%24.54%23.89%23.60%
No. of Shareholders63,30163,44467,71761,48351,50853,54157,39460,91864,00361,20255,49558,890

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Magnum Global Fund4,400,0004.32297487,8972024-11-23801.83%
Canara Robeco ELSS Tax Saver Fund1,041,6230.7970.31487,8972024-11-23113.49%
Canara Robeco Small Cap Fund487,8970.2732.93487,8972024-11-230%
SBI Magnum Comma Fund425,0004.3428.69487,8972024-11-23-12.89%
LIC MF Flexi Cap Fund194,7781.1813.15487,8972024-11-23-60.08%
Axis Capital Builder Fund - Series 4223,4010.9212.68487,8972024-11-23-54.21%
LIC MF ELSS Tax Saver Fund181,5851.0312.26487,8972024-11-23-62.78%
Canara Robeco Value Fund180,0000.9412.15487,8972024-11-23-63.11%
LIC MF Multi Cap Fund169,8620.8911.47487,8972024-11-23-65.18%
HSBC Small Cap Equity Fund - OLD150,0002.57.51487,8972024-11-23-69.26%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)18.8020.2115.3613.7012.47
Diluted EPS (Rs.)18.7620.2115.3613.7012.47
Cash EPS (Rs.)26.1425.0019.6817.4216.02
Book Value[Excl.RevalReserv]/Share (Rs.)125.82111.4294.0281.7369.79
Book Value[Incl.RevalReserv]/Share (Rs.)125.82111.4294.0281.7369.79
Revenue From Operations / Share (Rs.)199.48155.70109.9093.4085.63
PBDIT / Share (Rs.)33.9530.3025.1922.6421.83
PBIT / Share (Rs.)26.6125.5120.8718.9218.29
PBT / Share (Rs.)20.7722.9319.6517.6516.94
Net Profit / Share (Rs.)18.8020.2115.3613.7012.47
NP After MI And SOA / Share (Rs.)18.8020.2115.3613.7012.47
PBDIT Margin (%)17.0119.4622.9224.2325.49
PBIT Margin (%)13.3316.3818.9920.2621.35
PBT Margin (%)10.4014.7217.8718.8919.77
Net Profit Margin (%)9.4212.9813.9714.6614.56
NP After MI And SOA Margin (%)9.4212.9813.9714.6614.56
Return on Networth / Equity (%)14.9418.1416.3316.7617.87
Return on Capital Employeed (%)15.6719.2719.2819.0719.72
Return On Assets (%)7.0710.359.8710.1910.99
Long Term Debt / Equity (X)0.300.130.080.160.26
Total Debt / Equity (X)0.960.610.440.430.42
Asset Turnover Ratio (%)0.860.680.540.530.59
Current Ratio (X)1.361.491.571.692.30
Quick Ratio (X)0.740.790.741.011.36
Inventory Turnover Ratio (X)2.381.571.351.352.15
Dividend Payout Ratio (NP) (%)26.5924.7332.5414.5954.11
Dividend Payout Ratio (CP) (%)19.1219.9925.4011.4842.14
Earning Retention Ratio (%)73.4175.2767.4685.4145.89
Cash Earning Retention Ratio (%)80.8880.0174.6088.5257.86
Interest Coverage Ratio (X)5.8111.7220.4917.7616.17
Interest Coverage Ratio (Post Tax) (X)4.228.8213.4911.7510.24
Enterprise Value (Cr.)9248.478386.005873.653469.072742.65
EV / Net Operating Revenue (X)3.494.054.022.792.41
EV / EBITDA (X)20.4820.8017.5311.529.44
MarketCap / Net Operating Revenue (X)2.943.653.672.512.10
Retention Ratios (%)73.4075.2667.4585.4045.88
Price / BV (X)4.665.104.292.862.57
Price / Net Operating Revenue (X)2.943.653.672.512.10
EarningsYield0.030.030.030.050.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of CCL Products (India) Ltd as of November 24, 2024 is: 774.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, CCL Products (India) Ltd is Undervalued by 4.55% compared to the current share price 741.00

Intrinsic Value of CCL Products (India) Ltd as of November 24, 2024 is: 831.90

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, CCL Products (India) Ltd is Undervalued by 12.27% compared to the current share price 741.00

Last 5 Year EPS CAGR: 7.38%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.42%, which is a positive sign.
  2. The company has higher reserves (898.62 cr) compared to borrowings (623.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (320.62 cr) and profit (205.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 133.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 199.58, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CCL Products (India) Ltd:
    1. Net Profit Margin: 9.42%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.67% (Industry Average ROCE: 8.63%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.94% (Industry Average ROE: 12.47%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.22
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.74
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 36.1 (Industry average Stock P/E: 28.77)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.96
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

CCL Products India Ltd. is a Public Limited Listed company incorporated on 22/03/1961 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L15110AP1961PLC000874 and registration number is 000874. Currently Company is involved in the business activities of Coffee curing, roasting, grinding blending etc. and manufacturing of coffee products. Company’s Total Operating Revenue is Rs. 922.94 Cr. and Equity Capital is Rs. 26.61 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plantations - Tea & CoffeeDuggirala, Guntur District Andhra Pradesh 522330info@continental.coffee
http://www.cclproducts.com
Management
NamePosition Held
Mr. Challa Rajendra PrasadChairman & Executive Director
Mr. Challa SrishantManaging Director
Mr. B Mohan KrishnaExecutive Director
Ms. Challa Shantha PrasadNon Executive Director
Mr. K K SarmaNon Executive Director
Mr. Satyavada Venkata Ramachandra RaoNon Executive Director
Mr. G V Krishna RauInd. Non-Executive Director
Mr. K V ChowdaryInd. Non-Executive Director
Mr. Durga Prasad KodeInd. Non-Executive Director
Mrs. Kulsoom Noor SaifullahInd. Non-Executive Director
Dr. Krishnanand LankaInd. Non-Executive Director
Mr. Sudhakar AmbatiInd. Non-Executive Director

FAQ

What is the latest intrinsic value of CCL Products (India) Ltd?

The latest intrinsic value of CCL Products (India) Ltd as on 24 November 2024 is ₹774.71, which is 4.55% higher than the current market price of ₹741.00.

What is the Market Cap of CCL Products (India) Ltd?

The Market Cap of CCL Products (India) Ltd is 9,877 Cr..

What is the current Stock Price of CCL Products (India) Ltd as on 24 November 2024?

The current stock price of CCL Products (India) Ltd as on 24 November 2024 is 741.

What is the High / Low of CCL Products (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of CCL Products (India) Ltd stocks is 855/551.

What is the Stock P/E of CCL Products (India) Ltd?

The Stock P/E of CCL Products (India) Ltd is 36.1.

What is the Book Value of CCL Products (India) Ltd?

The Book Value of CCL Products (India) Ltd is 135.

What is the Dividend Yield of CCL Products (India) Ltd?

The Dividend Yield of CCL Products (India) Ltd is 0.61 %.

What is the ROCE of CCL Products (India) Ltd?

The ROCE of CCL Products (India) Ltd is 12.4 %.

What is the ROE of CCL Products (India) Ltd?

The ROE of CCL Products (India) Ltd is 15.8 %.

What is the Face Value of CCL Products (India) Ltd?

The Face Value of CCL Products (India) Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CCL Products (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE