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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

About the Company - United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

The United Nilgiri Tea Estates Company Ltd. is a Public Limited Listed company incorporated on 09/08/1922 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L01132TZ1922PLC000234 and registration number is 000234. Currently Company is involved in the business activities of Processing and blending of tea including manufacture of instant tea. Company’s Total Operating Revenue is Rs. 75.66 Cr. and Equity Capital is Rs. 5.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plantations - Tea & CoffeeNo.3, Savithri Shanmugam Road, Race Course, Coimbatore Tamil Nadu 641018headoffice@chamrajtea.com
http://www.unitednilgiritea.com
Management
NamePosition Held
Ms. Mallika SrinivasanChairman
Mr. T G B PintoDirector
Mr. Sankar DattaDirector
Mr. Krishna SrinivasanDirector
Mr. K V SriramDirector
Ms. P Shobhana RaviDirector
Mr. Ranganathan VijayaraghavanIndependent Director
Mr. Sampath Bahukudumbi PillapakkamIndependent Director
Mr. Rajagopal RajkumarDirector

The United Nilgiri Tea Estates Company Ltd. Share Price Update

Share PriceValue
Today₹376.45
Previous Day₹373.35

Basic Stock Data of United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

Market Cap 186 Cr.
Current Price 373
High / Low384/256
Stock P/E11.8
Book Value 396
Dividend Yield0.69 %
ROCE7.72 %
ROE6.23 %
Face Value 10.0

Data Source: screener.in

Competitors of United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Peria Karamalai Tea & Produce Company Ltd (PKTEA) 104 Cr. 334375/237357 5910.15 %0.58 %1.88 % 10.0
The Grob Tea Co Ltd 108 Cr. 9311,087/670 7680.21 %4.74 %0.74 % 10.0
Norben Tea & Exports Ltd 13.5 Cr. 11.516.0/6.72 13.30.00 %5.02 %1.36 % 10.0
Tata Coffee Ltd 6,440 Cr. 345347/19935.8 99.30.87 %9.78 %10.1 % 1.00
Rossell India Ltd 1,720 Cr. 456550/221129 82.30.09 %10.1 %10.3 % 2.00
Industry Average46.5 Cr415.5104.36310.780.26%6.04%4.88%6.6

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales17.6020.5312.8120.6718.7719.0417.1723.4323.2820.0016.9419.3619.16
Expenses14.5016.6213.2716.3114.5217.1216.5818.5919.9316.8814.4814.4614.93
Operating Profit3.103.91-0.464.364.251.920.594.843.353.122.464.904.23
OPM %17.61%19.05%-3.59%21.09%22.64%10.08%3.44%20.66%14.39%15.60%14.52%25.31%22.08%
Other Income1.522.451.151.551.810.771.250.281.291.671.671.971.49
Interest0.020.02-0.010.030.030.030.030.020.030.030.030.030.03
Depreciation0.780.891.210.880.880.870.870.870.891.010.880.880.89
Profit before tax3.825.45-0.515.005.151.790.944.233.723.753.225.964.80
Tax %21.20%15.05%47.06%18.60%16.12%22.35%45.74%18.20%19.35%24.53%12.42%18.79%19.17%
Net Profit3.014.63-0.274.074.331.390.513.463.002.842.824.843.89
EPS in Rs6.029.27-0.548.158.672.781.026.926.005.685.649.697.79

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Quarterly Chart

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales32374951575462666366768475
Expenses27293839424249525056657061
Operating Profit581112141313141311111415
OPM %16%21%23%24%25%23%21%21%20%16%15%16%19%
Other Income1112225648557
Interest0000000000000
Depreciation1122333334344
Profit before tax571011141215171415131518
Tax %19%18%23%23%25%25%21%15%23%19%20%19%
Net Profit468910912141112101214
EPS in Rs8.4511.4915.5317.4120.4718.3324.3228.7621.4324.5220.5924.2628.80
Dividend Payout %27%20%17%16%13%15%11%9%13%11%18%11%

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.00%33.33%12.50%11.11%-10.00%33.33%16.67%-21.43%9.09%-16.67%20.00%
Change in YoY Net Profit Growth (%)0.00%-16.67%-20.83%-1.39%-21.11%43.33%-16.67%-38.10%30.52%-25.76%36.67%

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Growth

Compounded Sales Growth
10 Years:9%
5 Years:6%
3 Years:10%
TTM:-6%
Compounded Profit Growth
10 Years:7%
5 Years:-1%
3 Years:2%
TTM:61%
Stock Price CAGR
10 Years:5%
5 Years:4%
3 Years:7%
1 Year:36%
Return on Equity
10 Years:9%
5 Years:7%
3 Years:6%
Last Year:6%

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555555555555
Reserves374147546397112134150161170182193
Borrowings3010000000000
Other Liabilities66868788912121111
Total Liabilities5153616676108125148164177187198208
Fixed Assets12353638383839384344434443
CWIP19000000111232
Investments3322441637376102107127130
Other Assets16152226343023364330342533
Total Assets5153616676108125148164177187198208

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Reserves and Borrowings Chart

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 779811961189515
Cash from Investing Activity -8-3-6-7-10-7-6-10-4-9-3-13
Cash from Financing Activity -2-5-1-2-2-2-2-2-2-1-1-1
Net Cash Flow-302-0-11-2-13-210

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days332239353614322542274024
Inventory Days11811379128112148151164199247201126
Days Payable106100749413218373758615330
Cash Conversion Cycle4535446916144145152183213188120
Working Capital Days252520342937495772717750
ROCE %12%16%20%19%21%14%14%12%9%9%7%8%

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) ROCE Trend

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) EPS Trend

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Key Financial Ratios

MonthMar 18Mar 17
FaceValue10.0010.00
Basic EPS (Rs.)24.3218.34
Diluted EPS (Rs.)24.3218.34
Cash EPS (Rs.)29.6323.63
Book Value[Excl.RevalReserv]/Share (Rs.)232.53203.16
Book Value[Incl.RevalReserv]/Share (Rs.)232.53203.16
Revenue From Operations / Share (Rs.)123.40109.05
PBDIT / Share (Rs.)36.0729.83
PBIT / Share (Rs.)30.7624.54
PBT / Share (Rs.)30.6224.41
Net Profit / Share (Rs.)24.3218.34
NP After MI And SOA / Share (Rs.)23.6018.34
PBDIT Margin (%)29.2327.35
PBIT Margin (%)24.9222.50
PBT Margin (%)24.8122.38
Net Profit Margin (%)19.7016.81
NP After MI And SOA Margin (%)19.1216.81
Return on Networth / Equity (%)10.149.02
Return on Capital Employeed (%)12.9911.85
Return On Assets (%)9.468.44
Asset Turnover Ratio (%)0.520.00
Current Ratio (X)3.715.78
Quick Ratio (X)2.944.92
Dividend Payout Ratio (NP) (%)11.4414.72
Dividend Payout Ratio (CP) (%)9.3311.42
Earning Retention Ratio (%)88.5685.28
Cash Earning Retention Ratio (%)90.6788.58
Interest Coverage Ratio (X)263.90230.73
Interest Coverage Ratio (Post Tax) (X)178.90142.85
Enterprise Value (Cr.)163.28162.76
EV / Net Operating Revenue (X)2.652.99
EV / EBITDA (X)9.0610.92
MarketCap / Net Operating Revenue (X)2.773.33
Retention Ratios (%)88.5585.27
Price / BV (X)1.471.79
Price / Net Operating Revenue (X)2.773.33
EarningsYield0.060.05

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Profitability Ratios (%)

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Liquidity Ratios

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Liquidity Ratios (%)

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Interest Coverage Ratios (X)

United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Valuation Ratios

Fair Value / Intrinsic Value of United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

Fair Value: ₹293.12

The stock is overvalued by 21.41% compared to the current price ₹373

*Investments are subject to market risks

Strength and Weakness of United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

StrengthWeakness
  1. The company has higher reserves (110.85 cr) compared to borrowings (0.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (59.38 cr) and profit (12.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 27.65 and average Dividend Yield of 23.71%.
  2. The stock has a low average ROCE of 13.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 45.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 112.83, which may not be favorable.

Should I Buy United Nilgiri Tea Estates Company Ltd (UNITEDTEA) Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in United Nilgiri Tea Estates Company Ltd (UNITEDTEA):
    1. Net Profit Margin: 19.70%
      • 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: 12.99% (Industry Average ROCE: 6.04%)
      • 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. Interest Coverage Ratio (Post Tax): 178.90
      • 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.
    4. Quick Ratio: 2.94
      • 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.
    5. ✓ Stock P/E: 10.8 (Industry average Stock P/E: 111.16)
      • 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.
    6. ✗ Total Debt / Equity: N/A
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 United Nilgiri Tea Estates Company Ltd (UNITEDTEA). 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