Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhunseri Ventures Ltd is a average quality company.
The key valuation ratios of Dhunseri Ventures 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 Dhunseri Ventures 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 % ⓘ | 5.8% | 6% | -11.8% | 5.3% | 8.1% | 2.4% | 14.2% | 16.6% | 11% | 13.1% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -1.8 | -0.6 | -0.4 | -0.8 | 0.0 | 0.2 | -0.2 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,774 | 2,580 | 22.2 | 947 | 722 | 17.9 | 100 | 183 | 156 | 350 | 528 |
| Sales YoY Gr. | - | -7% | -99.1% | 4,163.7% | -23.8% | -97.5% | 460.3% | 83.2% | -14.6% | 123.5% | - |
| Adj EPS ⓘ | 15.8 | 14.1 | 30.3 | 10.9 | 20 | 7 | 36.7 | 48.5 | 35.3 | 47.6 | 41.8 |
| YoY Gr. | - | -11.1% | 115% | -63.9% | 83% | -64.8% | 422.5% | 32% | -27.2% | 35% | - |
| BVPS (₹) ⓘ | 163.8 | 220.2 | 216.5 | 237.7 | 250 | 240.7 | 308 | 383.5 | 410.1 | 505.3 | 559.2 |
| Adj Net Profit ⓘ | 55.4 | 49.3 | 106 | 38.2 | 70 | 24.6 | 129 | 170 | 124 | 167 | 146 |
| Cash Flow from Ops. ⓘ | 625 | 17.4 | 263 | -336 | 95.6 | 91.7 | 1.8 | -1.2 | 139 | 12.4 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 76.2 | 0 | -0.3 | 0.6 | 0.6 | 26.6 | -34.8 | 0.2 | 2.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -20.6% | -13.5% | 51.8% | 123.5% | ||||
| Adj EPS ⓘ | 13% | 19% | 9.1% | 35% | ||||
| BVPSⓘ | 13.3% | 15.1% | 17.9% | 23.2% | ||||
| Share Price | 17% | 42.9% | 18.5% | 26.3% | ||||
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 % ⓘ | 7.8 | 7.3 | 13.9 | 4.8 | 8.2 | 2.9 | 13.4 | 14 | 8.9 | 10.4 | 7.9 |
| Op. Profit Mgn % ⓘ | 5.5 | 6.4 | 4.3 | 3.5 | 3.9 | -62.4 | 86.5 | 22.6 | 3.2 | 18.1 | 20.7 |
| Net Profit Mgn % ⓘ | 2 | 1.9 | 477.2 | 4 | 9.7 | 137.9 | 128.6 | 92.7 | 79 | 47.7 | 27.7 |
| Debt to Equity ⓘ | 2.3 | 1.7 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 136 | 112 | 7,706 | 94 | 165 | 4,025 | 400 | 172 | 147 | 65 | 192 |
| Cash Conv. Cycle ⓘ | 61 | 41 | -274 | 9 | 3 | -84 | -12 | -1 | -1 | -4 | 167 |
Sales growth is growing at healthy rate in last 3 years 51.76%
Sales growth is good in last 4 quarters at 323.09%
Return on Equity has declined versus last 3 years average to 7.80%
Net Profit has been subdued in last 3 years 9.06%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 41.8 | 49.8 |
| TTM Sales (₹ Cr.) | 528 | 630 |
| BVPS (₹.) ⓘ | 559.2 | 909.7 |
| Reserves (₹ Cr.) ⓘ | 1,924 | 3,151 |
| P/BV ⓘ | 0.74 | 0.46 |
| PE ⓘ | 9.94 | 8.33 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 301.55 / 558.00 |
| All Time Low / High (₹) | 10.60 / 558.00 |
| Market Cap (₹ Cr.) | 1,454 |
| Equity (₹ Cr.) | 35 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| 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 | 2,774 | 2,580 | 22 | 947 | 722 | 18 | 100 | 183 | 156 | 350 |
| Operating Expenses ⓘ | 2,650 | 2,451 | 21 | 916 | 693 | 39 | 21 | 142 | 156 | 286 |
| Manufacturing Costs | 93 | 99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 2,321 | 2,103 | 0 | 830 | 629 | 0 | 0 | 119 | 125 | 258 |
| Employee Cost | 28 | 26 | 3 | 5 | 5 | 6 | 7 | 14 | 13 | 13 |
| Other Costs ⓘ | 209 | 222 | 19 | 81 | 59 | 33 | 15 | 8 | 18 | 15 |
| Operating Profit ⓘ | 124 | 129 | 1 | 31 | 28 | -21 | 79 | 41 | 1 | 63 |
| Operating Profit Margin (%) | 4.5% | 5.0% | 3.4% | 3.3% | 3.9% | -116.0% | 78.7% | 22.6% | 0.5% | 18.1% |
| Other Income ⓘ | 39 | 22 | 14 | 15 | 76 | 44 | 67 | 169 | 159 | 152 |
| Interest ⓘ | 59 | 71 | 0 | 1 | 23 | 5 | 4 | 5 | 5 | 7 |
| Depreciation ⓘ | 36 | 49 | 0 | 0 | 1 | 1 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 18 | -183 | 0 | -27 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 67 | 49 | -168 | 44 | 54 | 17 | 139 | 203 | 152 | 207 |
| Tax ⓘ | 29 | 12 | -146 | 7 | 3 | -1 | 16 | 34 | 31 | 40 |
| Profit After Tax | 38 | 36 | -22 | 37 | 51 | 18 | 123 | 170 | 121 | 167 |
| PAT Margin (%) | 1.4% | 1.4% | -99.3% | 3.9% | 7.0% | 99.9% | 123.2% | 92.8% | 77.2% | 47.7% |
| Adjusted EPS (₹) | 10.8 | 10.3 | -6.3 | 10.5 | 14.5 | 5.1 | 35.2 | 48.5 | 34.5 | 47.6 |
| Dividend Payout Ratio (%) | 37% | 39% | -32% | 33% | 28% | 10% | 7% | 8% | 15% | 11% |
| 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 | 574 | 771 | 758 | 833 | 876 | 843 | 1,079 | 1,343 | 1,436 | 1,770 |
| Share Capital ⓘ | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves ⓘ | 539 | 736 | 723 | 798 | 841 | 808 | 1,044 | 1,308 | 1,401 | 1,735 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,207 | 1,243 | 0 | 108 | 53 | 47 | 40 | 3 | 30 | 30 |
| Long Term Debt | 505 | 463 | 0 | 0 | 53 | 47 | 40 | 3 | 0 | 0 |
| Short Term Debt | 702 | 781 | 0 | 108 | 0 | 0 | 0 | 0 | 30 | 30 |
| Trade Payables | 141 | 138 | 2 | 148 | 3 | 0 | 0 | 0 | 0 | 34 |
| Others Liabilities ⓘ | 349 | 341 | 60 | 78 | 92 | 80 | 67 | 74 | 34 | 61 |
| Total Liabilities ⓘ | 2,271 | 2,493 | 819 | 1,167 | 1,024 | 970 | 1,186 | 1,422 | 1,501 | 1,895 |
Fixed Assets | ||||||||||
| Gross Block | 1,033 | 902 | 1 | 1 | 2 | 5 | 7 | 8 | 10 | 16 |
| Accumulated Depreciation | 328 | 1 | 0 | 0 | 1 | 2 | 4 | 5 | 7 | 8 |
| Net Fixed Assetsⓘ | 705 | 901 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 7 |
| CWIP ⓘ | 28 | 27 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 249 | 380 | 707 | 709 | 746 | 813 | 1,058 | 1,308 | 1,431 | 1,789 |
| Inventories | 313 | 242 | 0 | 71 | 0 | 0 | 0 | 0 | 0 | 1 |
| Trade Receivables | 167 | 224 | 0 | 119 | 0 | 0 | 0 | 0 | 0 | 34 |
| Cash Equivalents | 418 | 349 | 11 | 56 | 13 | 24 | 24 | 16 | 13 | 6 |
| Others Assetsⓘ | 391 | 370 | 101 | 211 | 264 | 130 | 101 | 95 | 54 | 57 |
| Total Assets ⓘ | 2,271 | 2,493 | 819 | 1,167 | 1,024 | 970 | 1,186 | 1,422 | 1,501 | 1,895 |
| 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 ⓘ | 625 | 17 | 263 | -336 | 96 | 92 | 2 | -1 | 139 | 12 |
| PBT ⓘ | 67 | 49 | -168 | 44 | 54 | 17 | 139 | 203 | 152 | 207 |
| Adjustment ⓘ | 74 | 104 | 167 | -35 | -37 | 15 | -118 | -166 | -104 | -177 |
| Changes in Working Capital ⓘ | 489 | -121 | 288 | -326 | 86 | 66 | -33 | 11 | 128 | 17 |
| Tax Paid ⓘ | -5 | -13 | -24 | -18 | -7 | -6 | 13 | -49 | -38 | -34 |
| Cash Flow From Investing Activity ⓘ | -49 | -85 | -237 | 285 | -53 | -55 | 15 | 15 | -112 | 7 |
| Capex | -9 | -6 | 0 | 0 | -1 | -2 | 0 | 0 | -3 | 0 |
| Net Investments | -15 | -69 | -531 | 291 | -87 | -62 | 48 | -3 | 137 | 26 |
| Others ⓘ | -26 | -11 | 294 | -6 | 35 | 9 | -32 | 18 | -246 | -19 |
| Cash Flow From Financing Activityⓘ | -431 | -67 | -17 | 97 | -85 | -30 | -13 | -21 | -30 | -25 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 72 | -62 | 0 | 0 | -48 | -7 | -7 | -7 | -9 | 0 |
| Interest Paid ⓘ | -60 | -69 | 0 | -1 | -23 | -5 | -4 | -5 | -5 | -6 |
| Dividend Paid ⓘ | -16 | -20 | -17 | -8 | -15 | -17 | -2 | -9 | -14 | -18 |
| Others ⓘ | -428 | 84 | 0 | 106 | 0 | -1 | -1 | -1 | -1 | -1 |
| Net Cash Flow ⓘ | 145 | -135 | 9 | 46 | -43 | 7 | 4 | -7 | -3 | -6 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.33 | 5.38 | -2.88 | 4.6 | 5.95 | 2.08 | 12.82 | 14.03 | 8.68 | 10.4 |
| ROCE (%) | 5.78 | 6.03 | -11.78 | 5.31 | 8.13 | 2.42 | 14.17 | 16.59 | 11.02 | 13.07 |
| Asset Turnover Ratio | 1.15 | 1.17 | 0.01 | 0.95 | 0.66 | 0.02 | 0.09 | 0.14 | 0.11 | 0.21 |
| PAT to CFO Conversion(x) | 16.45 | 0.47 | N/A | -9.08 | 1.88 | 5.11 | 0.02 | -0.01 | 1.15 | 0.07 | Working Capital Days |
| Receivable Days | 39 | 26 | 0 | 46 | 0 | 0 | 0 | 0 | 0 | 36 |
| Inventory Days | 47 | 36 | 0 | 27 | 0 | 0 | 0 | 0 | 0 | 1 |
| Payable Days | 29 | 24 | 0 | 33 | 44 | 0 | 0 | 1 | 1 | 24 |
The foundation of Dhunseri Tea was laid when two British planters F B Hannen and W P Reid opened a tea estate at the foot of Bhutan Hills and planted 150 acres of tea in one year.
The company was formally incorporated on May 11, 1916 when the two planters transferred this estate to Dhunseri Tea Company Limited which was actually founded with the main objective of buying the estate. The estate was named Dhunseri Tea Estate due to its close proximity with the Dhunseri river.
The company is the producer of nearly 3% total Assam tea. Teas from the company’s gardens are rated at a premium over most other manufacturers.
Dhunseri Tea has striven to create and introduce new blends & new brands – renowned for quality of their blends. The company introduced packet teas in 1987-88 under the brand names of ‘LAL GHORA’ & ‘KALA GHORA’ in Rajasthan where people like their tea liquor full-bodied and strong. The company holds the highest market share in the premium segment of packet tea in Rajasthan.
Fully-automatic Form, Fill & Seal machines are used to pack the teas in packets made of pre-printed polyester and poly-laminated films. While packaging, efforts are made to preserve the freshness of the teas. The packeting factories are located at Jaipur and Dhunseri Tea Estate. After launching packet tea in Rajasthan successfully, Dhunseri has recently introduced its new brand 'Chhote Lal' in Rajasthan to cater to the lower segment. Chhote Lal tea truly compliments Lal Ghora & Kala Ghora in all aspects vis-a-vis 100% Assam teas blend from our own factories.
Tireless efforts of the company transformed dense jungles full of wild beasts and reptiles, into lush green valleys of tea bushes. New roads and paths were paved, residential quarters were constructed, a factory for processing green tea was established and finally a packaging center for packaging of garden-fresh processed tea was set up. All these ushered in an era of hope. Darkness gave way to sunlight and humanity.
The Dhanuka family, after acquiring substantial stake in the company made a successful and peaceful bid for the management in 1956. With the Companies Act becoming effective from April 1, 1956 certain restrictions were imposed on Managing Agents / Secretaries and Treasurers. E A Hutchison, the Chairman, at that time agreed to terminate the agreement between the company and James Finlay and Co. Ltd. which ushered in the new management.
India is the home to the world’s finest tea plantations. Different regions are endowed with superior brand of tea leaves.Dhunseri Tea, a name to reckon with in the world of tea, is a premium quality integrated tea company in India. At Dhunseri, they are more than products. They are people who source, blend and test tea to ensure a variety of superior quality tea. they grow, manufacture & pack tea with utmost care so as to retain its smooth taste, refreshing flavor and exotic aroma. The stress on quality is so much that quality is never sacrificed for quantity.
Over the years the organisation has experienced continuous growth and expansion in its scale of operations.The company has just started the commercial production of PET polymer plant South Asian Petrochem Ltd.
Associate Companies:
Dhunseri Tea & Industries, board in February 2009 has approved the proposed Rs 130 crore worth IT and ITES infrastructure project of the company for development of Twin Towers at Kolkata IT Park at Bantala.
2010
Change of name of the Dhunseri Tea and Industries Ltd to DHUNSERI PETROCHEM & TEA LTD has been Approved
DhunseriTea - Commencement of civil construction of the new plant at Haldia
DhunseriTea - Acquisition of Tea Factor of Primax Tea Pvt. Ltd.
DhunseriTea - Acquisition of Shreemoni Tea Factory
Company has changed its name from Dhunseri Tea & Industries Ltd. to Dhunseri Petrochem & Tea Ltd. 2011
DhunseriTea - Acquisition of Sona Assam Tea Factory
DhunseriTea - Incorporation of a subsidiary in Singapore
Second Best Exporter Award, 2009 : 2010
2012
DhunseriTea - Acquisition of Companies in Malawi, Africa
Dhunseri Petrochem & Tea receives new CARE ratings
Inauguration of Second PET plant of the Company situated at Haldia
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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.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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