BSE: 509715 | NSE: JAYSREETEA | Tea/Coffee | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jay Shree Tea & Industries Ltd is a below average quality company.
The key valuation ratios of Jay Shree Tea & Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jay Shree Tea & Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.1% | 3.9% | 4.3% | 5.4% | 6.2% | 4% | 9.5% | 1.3% | 9.8% | 7.2% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -0.7 | -0.6 | -0.6 | -0.7 | -0.3 | -0.9 | -0.3 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 685 | 696 | 538 | 551 | 561 | 486 | 781 | 709 | 794 | 748 | 800 |
| Sales YoY Gr. | - | 1.7% | -22.6% | 2.4% | 1.7% | -13.2% | 60.5% | -9.1% | 11.9% | -5.8% | - |
| Adj EPS ⓘ | -8.5 | -9.2 | -6.8 | -1.9 | -0.9 | -24.9 | 1.6 | -2.7 | -6.2 | -16.9 | 5.2 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | -265.2% | NA | NA | - |
| BVPS (₹) ⓘ | 128.4 | 120.7 | 94 | 95.7 | 93.3 | 82.4 | 75.8 | 80.7 | 85.1 | 94.2 | 102.7 |
| Adj Net Profit ⓘ | -24.5 | -26.5 | -19.7 | -5.5 | -2.7 | -71.8 | 4.6 | -7.7 | -18 | -48.7 | 15 |
| Cash Flow from Ops. ⓘ | 61.8 | 59 | 16.1 | 46.1 | 44.3 | 40.8 | 131 | 8.7 | -38.4 | -15.7 | - |
| Debt/CF from Ops. ⓘ | 7.1 | 6.5 | 23.9 | 9.3 | 10.4 | 9.5 | 2.8 | 34.3 | -7.7 | -20.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 1% | 5.9% | -1.4% | -5.8% | ||||
| Adj EPS ⓘ | NA | NA | -318.8% | NA | ||||
| BVPSⓘ | -3.4% | 0.2% | 7.5% | 10.7% | ||||
| Share Price | 3.3% | 22.5% | 7.9% | 29.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6.4 | -7.4 | -6.4 | -2 | -1 | -28.3 | 2 | -3.4 | -7.5 | -18.8 | 5.3 |
| Op. Profit Mgn % ⓘ | 2.6 | 3.2 | 3.4 | 4.3 | 5.6 | -7.3 | 7.5 | 0.1 | 1.4 | -6.7 | -1.2 |
| Net Profit Mgn % ⓘ | -3.6 | -3.8 | -3.7 | -1 | -0.5 | -14.8 | 0.6 | -1.1 | -2.3 | -6.5 | 1.9 |
| Debt to Equity ⓘ | 1.2 | 1.1 | 1.4 | 1.6 | 1.7 | 1.6 | 1.7 | 1.3 | 1.2 | 1.2 | 0.1 |
| Working Cap Days ⓘ | 212 | 201 | 213 | 174 | 200 | 258 | 153 | 149 | 152 | 195 | 96 |
| Cash Conv. Cycle ⓘ | 82 | 66 | 86 | 81 | 78 | 73 | 25 | 62 | 81 | 97 | -58 |
Return on Equity has increased versus last 3 years average to 5.30%
Sales growth has been subdued in last 3 years -1.42%
Net Profit has been subdued in last 3 years -318.82%
Debt to equity has increased versus last 3 years average to 1.17
Sales growth is not so good in last 4 quarters at -0.79%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.2 | 2.3 |
| TTM Sales (₹ Cr.) | 800 | 809 |
| BVPS (₹.) ⓘ | 102.7 | 109.1 |
| Reserves (₹ Cr.) ⓘ | 282 | 301 |
| P/BV ⓘ | 1.25 | 1.18 |
| PE ⓘ | 24.79 | 56.01 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 86.00 / 166.00 |
| All Time Low / High (₹) | 14.50 / 210.00 |
| Market Cap (₹ Cr.) | 371 |
| Equity (₹ Cr.) | 14.4 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 97.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 685 | 696 | 538 | 551 | 561 | 486 | 781 | 709 | 794 | 748 |
| Operating Expenses ⓘ | 668 | 674 | 520 | 527 | 530 | 522 | 722 | 712 | 786 | 798 |
| Manufacturing Costs | 105 | 102 | 96 | 96 | 99 | 88 | 107 | 110 | 125 | 126 |
| Material Costs | 300 | 287 | 148 | 157 | 144 | 136 | 317 | 283 | 310 | 338 |
| Employee Cost | 187 | 215 | 217 | 211 | 228 | 235 | 233 | 250 | 273 | 266 |
| Other Costs ⓘ | 76 | 70 | 60 | 63 | 59 | 63 | 65 | 69 | 77 | 69 |
| Operating Profit ⓘ | 17 | 22 | 18 | 24 | 31 | -36 | 58 | -3 | 9 | -50 |
| Operating Profit Margin (%) | 2.4% | 3.2% | 3.4% | 4.3% | 5.5% | -7.3% | 7.5% | -0.4% | 1.1% | -6.7% |
| Other Income ⓘ | 23 | 24 | 27 | 27 | 30 | 80 | 23 | 32 | 19 | 88 |
| Interest ⓘ | 47 | 46 | 35 | 34 | 40 | 42 | 48 | 36 | 34 | 37 |
| Depreciation ⓘ | 14 | 16 | 15 | 15 | 16 | 17 | 24 | 22 | 22 | 21 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 24 |
| Profit Before Tax ⓘ | -21 | -16 | -5 | 3 | 5 | -15 | 10 | -29 | 18 | 3 |
| Tax ⓘ | -2 | 3 | 5 | 0 | 2 | 13 | 1 | -35 | 2 | -12 |
| Profit After Tax | -19 | -19 | -10 | 3 | 3 | -28 | 10 | 6 | 16 | 16 |
| PAT Margin (%) | -2.8% | -2.8% | -1.8% | 0.6% | 0.6% | -5.7% | 1.2% | 0.8% | 2.0% | 2.1% |
| Adjusted EPS (₹) | -6.6 | -6.6 | -3.4 | 1.2 | 1.1 | -9.7 | 3.4 | 2.1 | 5.5 | 5.4 |
| Dividend Payout Ratio (%) | -15% | -15% | -15% | 43% | 33% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 371 | 348 | 271 | 276 | 269 | 238 | 219 | 233 | 246 | 272 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 356 | 334 | 257 | 262 | 255 | 223 | 204 | 218 | 231 | 257 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 373 | 307 | 315 | 357 | 391 | 342 | 338 | 271 | 266 | 294 |
| Long Term Debt | 130 | 138 | 126 | 154 | 129 | 77 | 66 | 37 | 37 | 32 |
| Short Term Debt | 243 | 168 | 189 | 203 | 262 | 266 | 272 | 234 | 229 | 262 |
| Trade Payables | 174 | 171 | 39 | 35 | 48 | 60 | 117 | 57 | 104 | 148 |
| Others Liabilities ⓘ | 133 | 156 | 148 | 146 | 172 | 201 | 227 | 266 | 309 | 259 |
| Total Liabilities ⓘ | 1,051 | 983 | 774 | 815 | 881 | 841 | 901 | 827 | 925 | 973 |
Fixed Assets | ||||||||||
| Gross Block | 447 | 471 | 353 | 368 | 384 | 387 | 630 | 650 | 653 | 710 |
| Accumulated Depreciation | 138 | 149 | 137 | 149 | 158 | 172 | 192 | 211 | 226 | 246 |
| Net Fixed Assetsⓘ | 310 | 322 | 216 | 218 | 226 | 215 | 439 | 438 | 427 | 464 |
| CWIP ⓘ | 16 | 4 | 10 | 18 | 23 | 23 | 17 | 8 | 7 | 10 |
| Investmentsⓘ | 239 | 248 | 269 | 287 | 286 | 244 | 123 | 90 | 89 | 71 |
| Inventories | 243 | 225 | 95 | 90 | 117 | 83 | 165 | 145 | 246 | 279 |
| Trade Receivables | 84 | 82 | 77 | 65 | 55 | 48 | 56 | 55 | 52 | 51 |
| Cash Equivalents | 89 | 31 | 27 | 17 | 5 | 11 | 15 | 13 | 9 | 10 |
| Others Assetsⓘ | 71 | 70 | 81 | 119 | 169 | 217 | 87 | 78 | 94 | 88 |
| Total Assets ⓘ | 1,051 | 983 | 774 | 815 | 881 | 841 | 901 | 827 | 925 | 973 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 62 | 59 | 16 | 46 | 44 | 41 | 131 | 9 | -38 | -16 |
| PBT ⓘ | -21 | -16 | -5 | 3 | 5 | -15 | 10 | -29 | 18 | 3 |
| Adjustment ⓘ | 50 | 43 | 30 | 29 | 32 | -7 | 58 | 35 | 1 | -41 |
| Changes in Working Capital ⓘ | 31 | 31 | -11 | 13 | 6 | 63 | 64 | 5 | -59 | 23 |
| Tax Paid ⓘ | -1 | -1 | 2 | 1 | 1 | -1 | -2 | -3 | 3 | 0 |
| Cash Flow From Investing Activity ⓘ | 25 | -29 | -16 | -52 | -42 | 76 | 115 | 46 | 72 | 33 |
| Capex | -22 | 4 | -27 | -26 | -24 | -16 | -13 | -11 | 38 | 10 |
| Net Investments | 24 | -39 | 6 | 5 | 19 | 93 | 93 | 27 | -4 | 0 |
| Others ⓘ | 23 | 6 | 4 | -31 | -37 | 0 | 35 | 30 | 37 | 23 |
| Cash Flow From Financing Activityⓘ | -118 | -102 | -4 | 7 | -6 | -117 | -257 | -53 | -38 | -17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 15 | 21 | 19 | 29 | -23 | -53 | -96 | -35 | 2 | -11 |
| Interest Paid ⓘ | -45 | -46 | -41 | -34 | -40 | -40 | -50 | -36 | -34 | -37 |
| Dividend Paid ⓘ | -5 | -2 | -3 | -2 | -2 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | -84 | -75 | 20 | 14 | 59 | -22 | -111 | 18 | -6 | 32 |
| Net Cash Flow ⓘ | -31 | -72 | -5 | 1 | -3 | 1 | -11 | 2 | -4 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -4.97 | -5.33 | -3.18 | 1.24 | 1.14 | -10.99 | 4.25 | 2.62 | 6.67 | 6.01 |
| ROCE (%) | 3.07 | 3.88 | 4.34 | 5.37 | 6.23 | 4 | 9.51 | 1.27 | 9.75 | 7.22 |
| Asset Turnover Ratio | 0.65 | 0.69 | 0.62 | 0.69 | 0.66 | 0.57 | 0.9 | 0.82 | 0.91 | 0.79 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 15.33 | 14.67 | N/A | 13.1 | 1.5 | -2.38 | -1 | Working Capital Days |
| Receivable Days | 42 | 43 | 54 | 47 | 39 | 39 | 24 | 28 | 24 | 25 |
| Inventory Days | 126 | 121 | 108 | 61 | 67 | 75 | 58 | 80 | 90 | 128 |
| Payable Days | 186 | 219 | 260 | 86 | 106 | 144 | 102 | 112 | 95 | 136 |
Incorporated on the October 27, 1945 Jay Shree Tea & Industries Ltd, a well diversified conglomerate of B.K. Birla Group of Companies, acquired a growing number of tea estates in both North and South India and initiated innovative, intensive and integrated field development work on all fronts. The company has adopted a marketing strategy to provide Garden Fresh Tea to all its clients.
Besides tea, the Company manufactures Single Super phosphate and Sulphuric Acid in its Chemical Plants at Khardah (set up in 1961) and Gurgaon (set up in 1987). The company is also engaged in Warehousing activities at Calcutta and Kochi. It has also developed prestigious residential and commercial complexes at Calcutta and Bangalore.
As a leading business house - catering for the best possible tea at the most competitive prices, it has already created its own niche in the market. Not only in India but also in Germany, Japan, U.K, Middle East and the CIS, it has a steady consumer - oriented presence. Today, by effectively harnessing the promising aspects of the Internet, and by addressing every possible tea related market segment with newer value propositions and transferring its services across geographical borders, it aspires to develop further, creating brighter prospects for its customers.
The company has under its fold 19 tea estates including two estates in its subsidiary spread all over India and manufactures around 15 million Kgs of tea per annum. Total area under tea is around 8000 Hectares. The company produces around 10% of total Darjeeling teas produced in the country.
The company's efforts to improve tea productivity and quality have been recognized at various levels and numerous awards and prizes have been awarded to it. Most of the tea estates of the company are ISO-9002 certified.
The different brands of tea manufactured by the company are:
From Assam tea- Birla Tea, Birla Tea Sadabahar, Birla Tea Jaandar, Birla Tea Kalline Gold, Birla tea Jaandar while its Darjelling tea brands include Everest, Kanchenjunga, Classic Pure and Golden Caddy
Different division of the company are:
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