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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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, 3rd Floor, 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

Basic Stock Data of Norben Tea & Exports Ltd

Last Updated: July 26, 2024, 11:28 am

Market Cap 15.0 Cr.
Current Price 12.8
High / Low16.0/7.20
Stock P/E
Book Value 11.2
Dividend Yield0.00 %
ROCE2.57 %
ROE12.2 %
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Competitors of Norben Tea & Exports Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Diana Tea Company Ltd 44.5 Cr. 29.735.5/22.7185 45.90.00 %3.27 %0.35 % 5.00
Bengal Tea & Fabrics Ltd 149 Cr. 166184/75.4 1220.60 %1.98 %2.13 % 10.0
Bansisons Tea Industries Ltd 2.65 Cr. 4.187.00/3.34 9.370.00 %2.66 %2.66 % 10.0
B&A Ltd 183 Cr. 590734/26317.9 4260.08 %11.6 %8.04 % 10.0
Asian Tea & Exports Ltd 31.9 Cr. 15.921.0/10.7319 30.10.00 %2.61 %0.17 % 10.0
Industry Average11,816.64 Cr364.10106.73228.950.32%7.40%11.62%6.86

Norben Tea & Exports Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1.790.971.411.951.860.752.162.812.060.741.752.241.40
Expenses1.450.891.001.371.621.061.572.071.790.671.331.162.37
Operating Profit0.340.080.410.580.24-0.310.590.740.270.070.421.08-0.97
OPM %18.99%8.25%29.08%29.74%12.90%-41.33%27.31%26.33%13.11%9.46%24.00%48.21%-69.29%
Other Income-0.000.03-0.00-0.00-0.000.06-0.00-0.00-0.000.030.01-0.000.02
Interest0.030.190.020.140.300.200.070.100.360.290.180.250.37
Depreciation0.110.210.120.120.120.180.140.140.120.160.140.140.15
Profit before tax0.20-0.290.270.32-0.18-0.630.380.50-0.21-0.350.110.69-1.47
Tax %-0.00%-41.38%-0.00%-0.00%-0.00%-9.52%-0.00%-0.00%-0.00%-34.29%-0.00%-0.00%-0.00%
Net Profit0.20-0.400.270.33-0.17-0.690.390.51-0.21-0.480.120.69-1.47
EPS in Rs0.17-0.340.230.28-0.14-0.590.330.43-0.18-0.410.100.59-1.25

Last Updated: July 10, 2024, 8:13 pm

Norben Tea & Exports Ltd Quarterly Chart

Norben Tea & Exports Ltd Profit & Loss

Last Updated: July 10, 2024, 8:13 pm

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:4%
3 Years:-4%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-950%
Stock Price CAGR
10 Years:%
5 Years:23%
3 Years:24%
1 Year:50%
Return on Equity
10 Years:-2%
5 Years:-3%
3 Years:-4%
Last Year:-12%

Last Updated: July 24, 2024, 5:19 pm

Norben Tea & Exports Ltd Balance Sheet

Last Updated: July 10, 2024, 8:13 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 1.62-0.760.660.570.371.030.550.192.350.591.010.94
Cash from Investing Activity -0.860.71-0.70-0.85-1.23-1.33-1.02-0.67-1.19-1.24-1.46-1.18
Cash from Financing Activity -0.770.050.200.240.760.400.400.56-1.210.470.530.31
Net Cash Flow-0.010.000.16-0.04-0.100.10-0.070.09-0.05-0.180.080.06

Norben Tea & Exports Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days10.3213.9319.5717.0117.8612.5924.3317.2413.7017.1212.676.66
Inventory Days808.92
Days Payable394.59
Cash Conversion Cycle10.3213.9319.5717.0117.8612.5924.3317.2413.7017.1212.67420.98
Working Capital Days97.60143.96164.40122.96131.2499.9077.0622.483.9120.1833.78-11.09
ROCE %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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.44%51.44%51.44%51.44%51.44%51.45%51.45%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%48.42%48.44%48.44%48.43%48.43%48.44%
No. of Shareholders25,39125,32725,33425,36324,97424,92524,83824,81124,75824,98424,95824,988

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.450.18-0.231.00-1.37
Diluted EPS (Rs.)-1.450.18-0.231.00-1.37
Cash EPS (Rs.)-0.950.640.211.42-0.96
Book Value[Excl.RevalReserv]/Share (Rs.)11.1512.6412.4312.6411.64
Book Value[Incl.RevalReserv]/Share (Rs.)11.1512.6412.4312.6411.64
Revenue From Operations / Share (Rs.)5.596.625.086.354.15
PBDIT / Share (Rs.)-0.021.460.832.10-0.27
PBIT / Share (Rs.)-0.510.990.381.68-0.67
PBT / Share (Rs.)-1.430.28-0.171.10-1.29
Net Profit / Share (Rs.)-1.450.18-0.221.00-1.37
PBDIT Margin (%)-0.4522.0116.4233.13-6.71
PBIT Margin (%)-9.2814.967.6726.49-16.32
PBT Margin (%)-25.604.34-3.3917.31-31.04
Net Profit Margin (%)-25.862.72-4.4615.77-32.96
Return on Networth / Equity (%)-12.981.42-1.827.92-11.74
Return on Capital Employeed (%)-2.985.492.2710.05-4.14
Return On Assets (%)-6.580.82-1.105.12-7.09
Long Term Debt / Equity (X)0.500.390.330.290.37
Total Debt / Equity (X)0.790.600.520.440.54
Asset Turnover Ratio (%)0.250.310.250.320.21
Current Ratio (X)0.310.490.420.400.45
Quick Ratio (X)0.150.210.160.240.27
Interest Coverage Ratio (X)-0.022.071.483.61-0.45
Interest Coverage Ratio (Post Tax) (X)-0.581.260.592.72-1.24
Enterprise Value (Cr.)25.3017.8710.179.039.89
EV / Net Operating Revenue (X)3.852.301.711.212.03
EV / EBITDA (X)-847.1510.4410.383.65-30.24
MarketCap / Net Operating Revenue (X)2.311.170.430.340.53
Price / BV (X)1.160.610.170.170.18
Price / Net Operating Revenue (X)2.311.170.430.340.53
EarningsYield-0.110.02-0.100.45-0.62

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

Fair Value: 20.91

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.

Undervalued: 63.33% compared to the current price 12.8

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 22.36

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 74.70% compared to the current price 12.8

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 6.96%

*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 has a low average ROCE of 3.04%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 75.53, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.78, which may not be favorable.
  4. The company has higher borrowings (5.68) compared to reserves (3.25), which may suggest financial risk.

FAQ

What is the latest fair value of Norben Tea & Exports Ltd?

The latest fair value of Norben Tea & Exports Ltd is ₹20.91.

What is the Market Cap of Norben Tea & Exports Ltd?

The Market Cap of Norben Tea & Exports Ltd is 15.0 Cr..

What is the current Stock Price of Norben Tea & Exports Ltd as on 27 July 2024?

The current stock price of Norben Tea & Exports Ltd as on 27 July 2024 is 12.8.

What is the High / Low of Norben Tea & Exports Ltd stocks in FY 2024?

In FY 2024, the High / Low of Norben Tea & Exports Ltd stocks is 16.0/7.20.

What is the Stock P/E of Norben Tea & Exports Ltd?

The Stock P/E of Norben Tea & Exports Ltd is .

What is the Book Value of Norben Tea & Exports Ltd?

The Book Value of Norben Tea & Exports Ltd is 11.2.

What is the Dividend Yield of Norben Tea & Exports Ltd?

The Dividend Yield of Norben Tea & Exports Ltd is 0.00 %.

What is the ROCE of Norben Tea & Exports Ltd?

The ROCE of Norben Tea & Exports Ltd is 2.57 %.

What is the ROE of Norben Tea & Exports Ltd?

The ROE of Norben Tea & Exports Ltd is 12.2 %.

What is the Face Value of Norben Tea & Exports Ltd?

The Face Value of Norben Tea & Exports Ltd is 10.0.

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