Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rossell India Ltd is a below average quality company.
The key valuation ratios of Rossell India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rossell India 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 % ⓘ | 6.3% | 8.9% | 0.3% | 2.8% | 4.1% | 12.2% | 14.8% | 10.9% | 10.1% | 6.4% | - |
| Value Creation Index ⓘ | -0.6 | -0.4 | -1.0 | -0.8 | -0.7 | -0.1 | 0.1 | -0.2 | -0.3 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 140 | 161 | 163 | 198 | 249 | 316 | 322 | 299 | 354 | 367 | 325 |
| Sales YoY Gr. | - | 14.8% | 1.3% | 21.5% | 25.4% | 26.9% | 2.1% | -7.2% | 18.2% | 3.7% | - |
| Adj EPS ⓘ | 0.8 | 1.9 | -0.8 | -0.2 | 0.1 | 5.7 | 9 | 6.3 | 6.8 | 2.6 | 5 |
| YoY Gr. | - | 148% | -143% | NA | NA | 3971.4% | 58.3% | -30.2% | 7.5% | -61% | - |
| BVPS (₹) ⓘ | 44.2 | 46.2 | 46.2 | 46 | 46.1 | 50.7 | 58.9 | 67.1 | 76.1 | 78.8 | 55.4 |
| Adj Net Profit ⓘ | 2.8 | 6.8 | -3 | -0.7 | 0.5 | 20.9 | 33.1 | 23.1 | 25.5 | 9.9 | 19 |
| Cash Flow from Ops. ⓘ | -2.3 | 7.3 | -4.2 | -3.2 | -5 | 28.1 | 35.3 | 33.8 | 25.4 | 5.4 | - |
| Debt/CF from Ops. ⓘ | -23.8 | 9.8 | -19.4 | -31.1 | -26.2 | 6.9 | 5 | 4.5 | 6.4 | 36.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.3% | 8.1% | 4.4% | 3.7% | ||||
| Adj EPS ⓘ | 15% | 79.9% | -33.6% | -61% | ||||
| BVPSⓘ | 6.6% | 11.3% | 10.2% | 3.6% | ||||
| Share Price | -1.1% | 3% | -15.6% | -83.5% | ||||
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 % ⓘ | 1.3 | 3.2 | -1.5 | -0.4 | 0.3 | 11.8 | 16.5 | 10 | 9.6 | 3.4 | 7.4 |
| Op. Profit Mgn % ⓘ | 14.3 | 14.8 | 2.3 | 6.8 | 8.3 | 17 | 21.5 | 15 | 14.9 | 10.5 | 11.5 |
| Net Profit Mgn % ⓘ | 2 | 4.2 | -1.8 | -0.3 | 0.2 | 6.6 | 10.3 | 7.7 | 7.2 | 2.7 | 5.8 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.5 | 0.6 | 0.8 | 1.1 | 0.8 | 0.6 | 0.6 | 0.7 | 0 |
| Working Cap Days ⓘ | 88 | 109 | 135 | 138 | 150 | 155 | 177 | 212 | 210 | 245 | 132 |
| Cash Conv. Cycle ⓘ | 38 | 62 | 87 | 92 | 103 | 106 | 129 | 156 | 151 | 181 | 21 |
Debt to equity has declined versus last 3 years average to 0.65
Sales growth is good in last 4 quarters at 13.69%
Return on Equity has declined versus last 3 years average to 7.40%
Sales growth has been subdued in last 3 years 4.39%
Net Profit has been subdued in last 3 years -33.61%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5 | 3.7 |
| TTM Sales (₹ Cr.) | 325 | 364 |
| BVPS (₹.) ⓘ | 55.4 | 79.4 |
| Reserves (₹ Cr.) ⓘ | 201 | 292 |
| P/BV ⓘ | 1.41 | 0.98 |
| PE ⓘ | 15.67 | 21.25 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 70.65 / 665.00 |
| All Time Low / High (₹) | 10.00 / 665.00 |
| Market Cap (₹ Cr.) | 295 |
| Equity (₹ Cr.) | 7.5 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 34.8 |
| 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 | 140 | 161 | 163 | 198 | 249 | 316 | 322 | 299 | 354 | 367 |
| Operating Expenses ⓘ | 121 | 138 | 160 | 185 | 228 | 268 | 254 | 254 | 301 | 328 |
| Manufacturing Costs | 30 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 43 | 40 |
| Material Costs | 6 | 7 | 19 | 34 | 59 | 91 | 83 | 74 | 95 | 122 |
| Employee Cost | 65 | 79 | 87 | 94 | 109 | 111 | 116 | 121 | 132 | 137 |
| Other Costs ⓘ | 20 | 22 | 23 | 25 | 26 | 32 | 20 | 24 | 31 | 29 |
| Operating Profit ⓘ | 20 | 23 | 4 | 13 | 21 | 47 | 68 | 45 | 53 | 38 |
| Operating Profit Margin (%) | 14.1% | 14.4% | 2.2% | 6.7% | 8.3% | 15.0% | 21.2% | 15.0% | 14.9% | 10.5% |
| Other Income ⓘ | 4 | 7 | 6 | 4 | 1 | 3 | 2 | 4 | 4 | 6 |
| Interest ⓘ | 8 | 8 | 9 | 9 | 11 | 11 | 16 | 10 | 12 | 14 |
| Depreciation ⓘ | 10 | 10 | 9 | 10 | 10 | 9 | 12 | 12 | 14 | 14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 7 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | 12 | -8 | -2 | 0 | 31 | 41 | 33 | 31 | 16 |
| Tax ⓘ | 2 | 2 | -7 | -2 | 0 | 12 | 8 | 3 | 4 | 3 |
| Profit After Tax | 4 | 10 | -1 | 0 | 1 | 19 | 33 | 30 | 27 | 13 |
| PAT Margin (%) | 2.9% | 5.9% | -0.8% | 0.1% | 0.2% | 5.9% | 10.2% | 10.0% | 7.7% | 3.6% |
| Adjusted EPS (₹) | 1.1 | 2.6 | -0.4 | 0.1 | 0.2 | 5.1 | 9.0 | 8.1 | 7.3 | 3.5 |
| Dividend Payout Ratio (%) | 46% | 19% | -56% | 0% | 0% | 4% | 3% | 4% | 6% | 9% |
| 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 | 210 | 218 | 170 | 169 | 169 | 186 | 216 | 246 | 287 | 297 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 8 |
| Reserves ⓘ | 203 | 211 | 162 | 161 | 162 | 179 | 209 | 239 | 279 | 289 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 45 | 62 | 72 | 93 | 127 | 186 | 167 | 143 | 152 | 184 |
| Long Term Debt | 22 | 12 | 15 | 9 | 11 | 47 | 35 | 25 | 15 | 5 |
| Short Term Debt | 23 | 50 | 57 | 85 | 116 | 140 | 132 | 118 | 137 | 179 |
| Trade Payables | 4 | 6 | 5 | 10 | 15 | 24 | 10 | 23 | 28 | 44 |
| Others Liabilities ⓘ | 32 | 33 | 24 | 16 | 17 | 33 | 43 | 35 | 48 | 46 |
| Total Liabilities ⓘ | 292 | 318 | 270 | 288 | 328 | 429 | 436 | 448 | 514 | 572 |
Fixed Assets | ||||||||||
| Gross Block | 239 | 261 | 222 | 233 | 238 | 232 | 318 | 318 | 346 | 352 |
| Accumulated Depreciation | 40 | 48 | 48 | 57 | 66 | 67 | 75 | 83 | 95 | 108 |
| Net Fixed Assetsⓘ | 199 | 212 | 174 | 176 | 172 | 166 | 242 | 234 | 250 | 243 |
| CWIP ⓘ | 1 | 2 | 6 | 8 | 15 | 92 | 11 | 9 | 5 | 14 |
| Investmentsⓘ | 49 | 46 | 21 | 18 | 19 | 19 | 19 | 19 | 34 | 44 |
| Inventories | 10 | 19 | 32 | 52 | 84 | 103 | 111 | 122 | 152 | 182 |
| Trade Receivables | 18 | 20 | 18 | 15 | 18 | 26 | 29 | 33 | 48 | 63 |
| Cash Equivalents | 1 | 2 | 4 | 2 | 3 | 3 | 1 | 2 | 1 | 2 |
| Others Assetsⓘ | 14 | 15 | 15 | 18 | 17 | 21 | 22 | 29 | 24 | 23 |
| Total Assets ⓘ | 292 | 318 | 270 | 288 | 328 | 429 | 436 | 448 | 514 | 572 |
| 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 ⓘ | -2 | 7 | -4 | -3 | -5 | 28 | 35 | 34 | 25 | 5 |
| PBT ⓘ | 6 | 12 | -8 | -2 | 0 | 31 | 41 | 33 | 31 | 16 |
| Adjustment ⓘ | 14 | 12 | 12 | 16 | 20 | 23 | 27 | 19 | 22 | 23 |
| Changes in Working Capital ⓘ | -14 | -8 | -7 | -18 | -26 | -22 | -28 | -8 | -25 | -32 |
| Tax Paid ⓘ | -2 | -3 | -1 | 0 | 0 | -3 | -5 | -4 | -3 | -1 |
| Cash Flow From Investing Activity ⓘ | 7 | -18 | 5 | -8 | -13 | -82 | -4 | 0 | -40 | -24 |
| Capex | -16 | -25 | -21 | -12 | -13 | -82 | -9 | 0 | -26 | -16 |
| Net Investments | 21 | 7 | 25 | 3 | 0 | 0 | 0 | 1 | -15 | -8 |
| Others ⓘ | 1 | 1 | 1 | 0 | 0 | 0 | 5 | -1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | 12 | 1 | 9 | 19 | 53 | -33 | -33 | 14 | 20 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -10 | 0 | 2 | -9 | -1 | 43 | -20 | -10 | -10 | -10 |
| Interest Paid ⓘ | 0 | 0 | -6 | -7 | -10 | -14 | -16 | -10 | -10 | -14 |
| Dividend Paid ⓘ | -2 | -4 | 0 | -1 | 0 | 0 | -1 | -1 | -1 | -2 |
| Others ⓘ | 7 | 16 | 5 | 26 | 30 | 25 | 4 | -12 | 35 | 46 |
| Net Cash Flow ⓘ | 0 | 2 | 2 | -3 | 1 | 0 | -1 | 1 | -1 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.47 | 5.78 | -0.77 | 0.14 | 0.34 | 10.44 | 16.38 | 12.88 | 10.27 | 4.52 |
| ROCE (%) | 6.34 | 8.85 | 0.3 | 2.83 | 4.08 | 12.16 | 14.83 | 10.9 | 10.08 | 6.38 |
| Asset Turnover Ratio | 0.48 | 0.53 | 0.55 | 0.71 | 0.81 | 0.83 | 0.75 | 0.68 | 0.73 | 0.68 |
| PAT to CFO Conversion(x) | -0.5 | 0.7 | N/A | N/A | -5 | 1.47 | 1.06 | 1.13 | 0.93 | 0.38 | Working Capital Days |
| Receivable Days | 27 | 43 | 43 | 30 | 24 | 26 | 31 | 38 | 42 | 55 |
| Inventory Days | 23 | 33 | 58 | 77 | 99 | 108 | 121 | 142 | 141 | 166 |
| Payable Days | 237 | 240 | 105 | 84 | 78 | 78 | 75 | 83 | 98 | 108 |
Rossell India, earlier known as Rossell Tea was incorporated in 1975 and is based in Kolkata, India. The company operates as a subsidiary of BMG Enterprises. Rossell Tea manufactures black tea. The company owns tea estates in India. In 2011 the name of the Company was changed from Rossell Tea Ltd to Rossell India Ltd.
The Company immediately after taking over the management of Dikom, Nokhroy and Borahi T.Es., took effective steps for upgrading the quality further and at present all the Tea Estates are well established quality marks in overseas markets. The saleable production at the time of takeover was 2.7 Million Kgs of Black Tea, which after recent corporate restructuring and three successive acquisitions is around 5.0 Million Kgs of Black Tea. At present, the Company owns Dikom, Nokhroy, Nagrijuli, Bokakhat and Romai T.Es., all located in Assam. After corporate restructuring, Borahi T.E. was demerged and transferred to another Company viz. Jyoti Holdings Pvt. Ltd., which Company is no more under the management of Rossell Tea.
The Company diversified into Aviation Industry and created a new division viz. Aerotech Services which became fully operational on and from April 1, 2006. This division acquired 56.25% Share Capital of Sigma Microsystems Pvt. Ltd., Hyderabad, the Company engaged in the business of manufacturing, design and development of Avionics, Electronics and Aviation Equipment, thereby making that Company a Subsidiary of the Company on and from that date
Milestones:
1975 - The Company was incorporated on 10th October, and the certificate of commencement of business was obtained on 15th January, 1976. The objects and activities of the Company are cultivation of Tea, Coffee and Rubber plantations and manufacturing of these products. 1976 The company acquired by way of amalgamation the whole of the undertaking including all properties and liabilities in India of the Jokai (Assam) Tea Co. Ltd., U.K. which was a wholly owned subsidiary of Jokai Tea Holdings, Ltd. U.K.
1991 - The Company added another 31.73 hectares to its area under tea and expended Rs 303 lakhs for modernization of its plant and equipments. The Company promoted two companies viz., Rossell Granite, a 100% EOU for slabs and tiles, in the State of Tamil Nadu, and another Rossell Telecommunication Pvt. Ltd., for manufacture of electronic and bio-medical equipments. The Company commenced export of shrimps to Japan under the brand name Mermaid. A plant on lease was taken up for supervision, control of processing of shrimps. The company took all steps to ascertain the feasibility of two projects viz., one for setting up a cement plant in Assam and another for growing mushrooms in the Company's tea estates in Assam. The name of the company has been changed from Jokai Indian, to Rossell Industries Ltd., with effect from 7th March.
1992 - The Company acquired a tea estate in Assam called `Borahi' comprising 603 hectares of land located in Sibsagar district of Assam.
1993 - The company suffered a major setback in exports on account of deferment of the committed off takes by Iran government.
1994 - The Company faced acute problems due to cancellation of Iranian government imports and downward price trends in overseas markets. The Company carried out extension planning in respect of 6.69 hectares besides adding 5.29 hectares to mature tea area. Pursuant to the Scheme of Arrangement effective 1st July Wilton Tea division comprising three tea estates viz., Dikom, Nokhroy & Borahi were transferred to Rossel Tea Ltd. (RTL). As per the scheme the shareholders of erstwhile Wilton Tea would be allotted 3 equity shares of Rs 10 each of Rossel India for 10 shares held in RTL.
1995 - The Company suffered a setback on account of large crop loss. The situation was further aggravated due to poor market conditions leading to substantial fall in realization.
2011 -The Company's wholly owned subsidiary Company, Rossell Aviation Private Ltd. (Rossell Aviation) entered into an agreement with CAE International Holding Ltd., Canada (CAE) for jointly undertaking the business of providing training solution in projects primarily related to the offset obligations in India for aerospace industry.
2012 -The Company have entered into an agreement with Dhunseri Petrochem & Tea Limited for acquisition of their Namsang Tea Estate, Assam ‘as a going concern’ for an agreed consideration of Rs. 28.29 Crores.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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