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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Norben Tea & Exports Ltd

About the Company - Norben Tea & Exports Ltd

Norben Tea & Exports Ltd. is a Public Limited Listed company incorporated on 14/05/1990 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L01132WB1990PLC048991 and registration number is 048991. Currently company belongs to the Industry of Plantations - Tea & Coffee. Company’s Total Operating Revenue is Rs. 5.97 Cr. and Equity Capital is Rs. 11.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plantations - Tea & Coffee15-B Hemanta Basu Sarani, Kolkata West Bengal 700001enquiry@norbentea.com
https://www.norbentea.com
Management
NamePosition Held
Mr. Manoj Kumar DagaChairman & Managing Director
Mrs. Swati AgarwalIndependent Director
Mr. Ranjan Kumar JhalariaIndependent Director
Mr. Balkrishan AgarwalNon Executive Director
Mr. Deepak TiwariIndependent Director
Ms. Tanusree ChatterjeeIndependent Director

Norben Tea & Exports Ltd. Share Price Update

Share PriceValue
Today₹12.23
Previous Day₹12.23

Basic Stock Data of Norben Tea & Exports Ltd

Market Cap 14.9 Cr.
Current Price 12.7
High / Low16.0/6.72
Stock P/E
Book Value 13.3
Dividend Yield0.00 %
ROCE5.02 %
ROE1.36 %
Face Value 10.0

Data Source: screener.in

Competitors of Norben Tea & Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
The Grob Tea Co Ltd 113 Cr. 9721,087/670 7680.20 %4.74 %0.74 % 10.0
Peria Karamalai Tea & Produce Company Ltd (PKTEA) 109 Cr. 352375/240376 5910.14 %0.58 %1.88 % 10.0
United Nilgiri Tea Estates Company Ltd (UNITEDTEA) 183 Cr. 366384/25611.5 3960.74 %7.72 %6.23 % 10.0
Tata Coffee Ltd 6,440 Cr. 345347/19935.8 99.30.87 %9.78 %10.1 % 1.00
Mcleod Russel India Ltd 373 Cr. 35.838.0/16.3 54.40.00 %1.34 %11.1 % 5.00
Industry Average1,443.60 Cr414.1684.66381.740.39%4.83%6.01%7.20

Norben Tea & Exports Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3.121.790.971.411.951.860.752.162.812.060.741.752.24
Expenses1.701.450.891.001.371.621.061.572.071.790.671.331.16
Operating Profit1.420.340.080.410.580.24-0.310.590.740.270.070.421.08
OPM %45.51%18.99%8.25%29.08%29.74%12.90%-41.33%27.31%26.33%13.11%9.46%24.00%48.21%
Other Income0.040.000.030.000.000.000.060.000.000.000.030.010.00
Interest0.340.030.190.020.140.300.200.070.100.360.290.180.25
Depreciation0.090.110.210.120.120.120.180.140.140.120.160.140.14
Profit before tax1.030.20-0.290.270.32-0.18-0.630.380.50-0.21-0.350.110.69
Tax %0.00%0.00%-41.38%0.00%0.00%0.00%-9.52%0.00%0.00%0.00%-34.29%0.00%0.00%
Net Profit1.030.20-0.400.270.33-0.17-0.690.390.51-0.21-0.480.120.69
EPS in Rs0.880.17-0.340.230.28-0.14-0.590.330.43-0.18-0.410.100.59

Norben Tea & Exports Ltd Quarterly Chart

Norben Tea & Exports Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3.504.603.933.734.724.704.645.404.877.465.977.786.13
Expenses2.253.263.463.484.224.124.594.725.265.055.066.095.53
Operating Profit1.251.340.470.250.500.580.050.68-0.392.410.911.690.60
OPM %35.71%29.13%11.96%6.70%10.59%12.34%1.08%12.59%-8.01%32.31%15.24%21.72%9.79%
Other Income0.080.200.380.620.170.410.76-0.050.070.060.070.030.06
Interest0.250.460.300.330.360.470.510.580.720.680.660.831.09
Depreciation0.320.320.320.230.250.360.380.430.470.500.520.550.59
Profit before tax0.760.760.230.310.060.16-0.08-0.38-1.511.29-0.200.34-1.02
Tax %18.42%28.95%43.48%25.81%33.33%100.00%25.00%-18.42%-6.62%9.30%-30.00%35.29%
Net Profit0.620.550.130.230.030.01-0.05-0.45-1.611.18-0.270.21-1.14
EPS in Rs0.530.470.110.200.030.01-0.04-0.38-1.371.00-0.230.18-0.97
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%

Norben Tea & Exports Ltd Profit & Loss Yearly Chart

Norben Tea & Exports Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:11%
3 Years:17%
TTM:-21%
Compounded Profit Growth
10 Years:-10%
5 Years:43%
3 Years:29%
TTM:174%
Stock Price CAGR
10 Years:%
5 Years:18%
3 Years:20%
1 Year:34%
Return on Equity
10 Years:0%
5 Years:-1%
3 Years:3%
Last Year:1%

Norben Tea & Exports Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11.7511.7511.7511.7511.7511.7511.7511.7511.7511.7511.7511.7511.75
Reserves3.063.623.653.883.914.084.013.551.933.102.863.103.90
Borrowings2.341.992.232.743.344.545.496.437.586.587.709.059.31
Other Liabilities0.420.430.540.640.820.730.830.911.401.531.791.821.65
Total Liabilities17.5717.7918.1719.0119.8221.1022.0822.6422.6622.9624.1025.7226.61
Fixed Assets14.0614.6014.9715.6216.1716.7018.4319.1319.4720.1920.7321.8622.14
CWIP0.000.000.000.000.170.620.000.000.000.000.190.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.000.010.01
Other Assets3.513.193.203.393.483.783.653.513.192.773.183.854.46
Total Assets17.5717.7918.1719.0119.8221.1022.0822.6422.6622.9624.1025.7226.61

Norben Tea & Exports Ltd Reserves and Borrowings Chart

Norben Tea & Exports Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.781.62-0.760.660.570.371.030.550.192.350.591.01
Cash from Investing Activity -0.29-0.860.71-0.70-0.85-1.23-1.33-1.02-0.67-1.19-1.24-1.46
Cash from Financing Activity -0.34-0.770.050.200.240.760.400.400.56-1.210.470.53
Net Cash Flow0.15-0.010.000.16-0.04-0.100.10-0.070.09-0.05-0.180.08

Norben Tea & Exports Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days16.6910.3213.9319.5717.0117.8612.5924.3317.2413.7017.1212.67
Inventory Days
Days Payable
Cash Conversion Cycle16.6910.3213.9319.5717.0117.8612.5924.3317.2413.7017.1212.67
Working Capital Days144.9697.60143.96164.40122.96131.2499.9077.0622.483.9120.1833.78
ROCE %6.04%7.07%4.17%3.50%2.25%3.20%2.07%1.58%-3.68%9.23%2.10%5.02%

Norben Tea & Exports Ltd Financial Efficiency Indicators Chart

Norben Tea & Exports Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters51.44%51.44%51.44%51.44%51.44%51.44%51.44%51.45%51.45%51.45%51.45%51.45%
DIIs0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%0.12%
Public48.43%48.43%48.43%48.43%48.43%48.43%48.43%48.43%48.42%48.44%48.44%48.43%
No. of Shareholders25,49525,36325,39125,32725,33425,36324,97424,92524,83824,81124,75824,984

Norben Tea & Exports Ltd Shareholding Pattern Chart

No. of Norben Tea & Exports Ltd Shareholders

This stock is not held by any mutual fund

Norben Tea & Exports Ltd ROCE Trend

Norben Tea & Exports Ltd EPS Trend

Norben Tea & Exports Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.18-0.231.00-1.37-0.38
Diluted EPS (Rs.)0.18-0.231.00-1.37-0.38
Cash EPS (Rs.)0.640.211.42-0.96-0.01
Book Value[Excl.RevalReserv]/Share (Rs.)12.6412.4312.6411.6413.02
Book Value[Incl.RevalReserv]/Share (Rs.)12.6412.4312.6411.6413.02
Revenue From Operations / Share (Rs.)6.625.086.354.154.18
PBDIT / Share (Rs.)1.460.832.10-0.270.64
PBIT / Share (Rs.)0.990.381.68-0.670.27
PBT / Share (Rs.)0.28-0.171.10-1.29-0.22
Net Profit / Share (Rs.)0.18-0.221.00-1.37-0.38
PBDIT Margin (%)22.0116.4233.13-6.7115.38
PBIT Margin (%)14.967.6726.49-16.326.55
PBT Margin (%)4.34-3.3917.31-31.04-5.34
Net Profit Margin (%)2.72-4.4615.77-32.96-9.14
Return on Networth / Equity (%)1.42-1.827.92-11.74-2.93
Return on Capital Employeed (%)5.492.2710.05-4.142.04
Return On Assets (%)0.82-1.105.12-7.09-1.98
Long Term Debt / Equity (X)0.390.330.290.370.01
Total Debt / Equity (X)0.600.520.440.540.41
Asset Turnover Ratio (%)0.310.250.320.210.21
Current Ratio (X)0.490.420.400.450.27
Quick Ratio (X)0.210.160.240.270.15
Interest Coverage Ratio (X)2.071.483.61-0.451.29
Interest Coverage Ratio (Post Tax) (X)1.260.592.72-1.240.43
Enterprise Value (Cr.)17.8710.179.039.898.86
EV / Net Operating Revenue (X)2.301.711.212.031.80
EV / EBITDA (X)10.4410.383.65-30.2411.72
MarketCap / Net Operating Revenue (X)1.170.430.340.530.52
Price / BV (X)0.610.170.170.180.16
Price / Net Operating Revenue (X)1.170.430.340.530.52
EarningsYield0.02-0.100.45-0.62-0.17

Norben Tea & Exports Ltd Profitability Ratios (%)

Norben Tea & Exports Ltd Liquidity Ratios

Norben Tea & Exports Ltd Liquidity Ratios (%)

Norben Tea & Exports Ltd Interest Coverage Ratios (%)

Norben Tea & Exports Ltd Valuation Ratios

Fair Value of Norben Tea & Exports Ltd Stock

Fair Value: ₹2.77

The stock is overvalued by 78.21% compared to the current price ₹12.7

*Investments are subject to market risks

Strength and Weakness of Norben Tea & Exports Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (5.19 cr) and profit (0.06 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 0.53 and average Dividend Yield of -3.62%.
  2. The stock has a low average ROCE of 3.55%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 88.54, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 16.09, which may not be favorable.
  5. The company has higher borrowings (5.33) compared to reserves (3.43), which may suggest financial risk.

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 Norben Tea & Exports 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