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Neelamalai Agro Inds

₹3570 0 | 0%

Market Cap ₹222 Cr.

Stock P/E 14.6

P/B 0.8

Current Price ₹3570

Book Value ₹ 4556.7

Face Value 10

52W High ₹5390

Dividend Yield 1.4%

52W Low ₹ 3116

Neelamalai Agro Inds Research see more...

Overview Inc. Year: 1943Industry: Tea/Coffee

Neelamalai Agro Industries Ltd is engaged in plantation activity and the crop handled via the Company is Tea and the main business being Tea cultivation, Tea production, sales and exports of Tea. The Company's segments consist of sales in India and export outside India. The Company has approximately 2 estates, such as Katary & Sutton Estates, placed inside the Nilgiris District in TamilNadu, spanning an area of over 635.56 hectares. The Company's manufacturing facility has facilities to provide Orthodox, and Crush, tear, curl (CTC) teas. The Company produces about 90% Orthodox and over 10% CTC tea. Its joint venture business enterprise, AVT Mc Cormick Ingredients Pvt Ltd., offers tailor made spice elements.

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Neelamalai Agro Inds Share Price

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Peer Comparison

Neelamalai Agro Inds Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 6 6 6 5 8 7 5 7 6 6
Other Income 0 1 1 1 1 1 1 2 2 0
Total Income 7 7 6 6 9 9 6 8 8 6
Total Expenditure 6 7 8 6 8 8 7 7 6 8
Operating Profit 0 -0 -2 -0 1 0 -1 2 2 -2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 13 0 4 -1 0 0
Profit Before Tax 0 -1 -2 -0 14 0 3 0 2 -2
Provision for Tax 1 -0 0 -0 1 0 1 0 -0 -0
Profit After Tax -1 -0 -3 -0 13 0 2 0 2 -2
Adjustments 10 6 5 4 5 10 6 4 4 11
Profit After Adjustments 9 6 2 3 18 10 8 4 6 9
Adjusted Earnings Per Share 142.7 95.9 36.9 55.6 287.9 159.8 124.1 65.6 98.4 141.8

Neelamalai Agro Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 30 33 29 30 37 26 29 30 25 25 24
Other Income 1 2 2 1 1 1 3 2 2 4 5
Total Income 31 35 31 31 38 27 32 31 27 30 28
Total Expenditure 28 32 30 29 35 27 29 31 28 29 28
Operating Profit 3 2 1 2 3 -1 3 1 -1 0 1
Interest 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 1 0 0 18 3
Profit Before Tax 2 1 0 1 2 -2 3 -0 -2 17 3
Provision for Tax 1 1 0 1 0 -0 2 1 1 2 1
Profit After Tax 1 0 -0 -0 2 -2 1 -1 -3 15 2
Adjustments 10 9 12 12 12 19 22 34 32 24 25
Profit After Adjustments 12 9 12 12 14 17 23 33 28 39 27
Adjusted Earnings Per Share 189.2 142.5 185.6 192.2 221.4 273.2 377.7 522.7 452.1 627.4 429.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -5% -8% 0%
Operating Profit CAGR 0% -100% -100% 0%
PAT CAGR 0% 147% 50% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -6% -4% 33% 15%
ROE Average 6% 1% 1% 1%
ROCE Average 7% 2% 1% 1%

Neelamalai Agro Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 104 110 136 143 156 168 190 219 246 277
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 -0 0 -0 -0 -0 -0 -1 -1
Total Current Liabilities 7 5 5 6 6 6 8 11 8 8
Total Liabilities 111 115 140 149 162 173 198 229 253 285
Fixed Assets 7 7 7 7 7 6 6 3 4 5
Other Non-Current Assets 77 81 107 115 131 143 157 186 210 222
Total Current Assets 27 27 27 28 24 25 35 40 39 57
Total Assets 111 115 140 149 162 173 198 229 253 285

Neelamalai Agro Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 0 1 0 2 0 3 0 0 0
Cash Flow from Operating Activities 11 9 1 -3 2 -3 5 -4 -2 -4
Cash Flow from Investing Activities -6 -3 -1 6 -1 8 -5 7 4 6
Cash Flow from Financing Activities -5 -5 -0 -2 -2 -2 -2 -3 -1 -2
Net Cash Inflow / Outflow 0 0 -0 1 -1 3 -3 -0 -0 0
Closing Cash & Cash Equivalent 0 1 0 2 0 3 0 0 0 0

Neelamalai Agro Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 189.19 142.5 185.58 192.16 221.42 273.19 377.71 522.68 452.07 627.38
CEPS(Rs) 40.36 23.65 12.26 12.7 50.75 -8.56 28.33 -8.83 -42.48 258.85
DPS(Rs) 40 40 20 20 30 20 30 30 30 50
Book NAV/Share(Rs) 1656.57 1750.93 2164.92 2287.09 2486.95 2673.59 3053 3516.11 3949.61 4452.77
Core EBITDA Margin(%) 7.02 1.1 -3.56 2.1 5.53 -4.55 1.45 -3.15 -14.18 -15.07
EBIT Margin(%) 7.57 3.1 0.54 2.41 6.78 -5.83 10.37 -0.05 -9.01 68.17
Pre Tax Margin(%) 7.25 2.92 0.37 1.8 6.26 -6.43 9.8 -0.39 -9.48 68.11
PAT Margin (%) 4.58 1.25 -0.64 -0.91 6.03 -5.95 3.73 -4.38 -13.7 60.11
Cash Profit Margin (%) 8.46 4.52 2.64 2.68 8.7 -2.08 5.98 -1.86 -10.6 63.54
ROA(%) 2.08 0.36 -0.15 -0.19 1.42 -0.92 0.59 -0.61 -1.42 5.67
ROE(%) 2.26 0.38 -0.15 -0.19 1.47 -0.95 0.61 -0.63 -1.47 5.83
ROCE(%) 3.7 0.95 0.13 0.51 1.66 -0.93 1.71 -0.01 -0.97 6.61
Receivable days 30.65 36.39 28.55 24.08 22.2 19.06 11.97 17.36 18.69 9.58
Inventory Days 26.35 35.18 36.49 42.93 43.95 78.87 64.1 52.13 57.93 53.52
Payable days 117.61 125.51 88.32 92.7 61.01 76.51 53.39 120.82 85.52 105.97
PER(x) 0 5.63 5.41 7.2 6.12 3.14 4.18 7.18 7.37 5.9
Price/Book(x) 0 0.46 0.46 0.6 0.55 0.32 0.52 1.07 0.84 0.83
Dividend Yield(%) 0 4.99 1.99 1.45 2.21 2.33 1.9 0.8 0.9 1.35
EV/Net Sales(x) -0.02 1.46 2.07 2.79 2.29 1.92 3.29 7.86 8.24 9.05
EV/Core EBITDA(x) -0.15 22.95 54.19 46.49 24.24 -98.03 30.31 318.31 -139.54 561.88
Net Sales Growth(%) 155.94 9.77 -11.34 2.02 23.2 -29.34 13.88 0.4 -15.68 1.66
EBIT Growth(%) -11.38 -55.06 -84.44 351.36 247.31 -160.74 302.71 -100.52 0 869.1
PAT Growth(%) -39.74 -70.15 -145.51 -44.84 918.69 -169.66 171.34 -218.02 -163.8 545.97
EPS Growth(%) 421.8 -24.68 30.23 3.55 15.23 23.38 38.26 38.38 -13.51 38.78
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 4.01 5.1 5.73 4.77 3.78 4.16 4.21 3.7 5.01 6.87
Quick Ratio(x) 3.52 4.54 5.13 4.05 3.04 3.07 3.76 3.27 4.59 6.37
Interest Cover(x) 24.16 17.41 3.19 3.96 12.99 -9.71 18.18 -0.16 -19.09 1328.94
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Neelamalai Agro Inds Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 72.45 72.45 72.45 72.45 72.45 72.45 72.45 72.45 72.45 72.45
FII 0 0 0 0 0 0 0 0 0 0
DII 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68
Public 26.87 26.87 26.87 26.87 26.87 26.87 26.87 26.87 26.87 26.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 49% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 85.52 to 105.97days.

* 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.

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