X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TATA COFFEE 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TATA COFFEE 2018-19 Annual Report Analysis
Thu, 9 May

TATA COFFEE has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

TATA COFFEE Income Statement Analysis

  • Operating income during the year rose 15.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 8.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.5% in FY19 as against 16.9% in FY18.
  • Depreciation charges increased by 3.8% and finance costs increased by 32.4% YoY, respectively.
  • Other income declined by 16.3% YoY.
  • Net profit for the year declined by 42.8% YoY.
  • Net profit margins during the year declined from 11.8% in FY18 to 5.9% in FY19.

TATA COFFEE Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 15,673 18,040 15.1%
Other income Rs m 220 184 -16.3%
Total Revenues Rs m 15,894 18,224 14.7%
Gross profit Rs m 2,642 2,432 -8.0%
Depreciation Rs m 549 570 3.8%
Interest Rs m 346 458 32.4%
Profit before tax Rs m 1,968 1,588 -19.3%
Tax Rs m -11 632 -6,061.3%
Profit after tax Rs m 1,870 1,069 -42.8%
Gross profit margin % 16.9 13.5
Effective tax rate % -0.5 39.8
Net profit margin % 11.8 5.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TATA COFFEE Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 5 billion as compared to Rs 4 billion in FY18, thereby witnessing an increase of 11.5%.
  • Long-term debt stood at Rs 10 billion as compared to Rs 9 billion during FY18, a growth of 17.0%.
  • Current assets rose 4% and stood at Rs 8 billion, while fixed assets rose 21% and stood at Rs 23 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 32 billion as against Rs 29 billion during FY18, thereby witnessing a growth of 10%.

TATA COFFEE Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 11,224 11,803 5.2
 
Current Liabilities Rs m 4,316 4,814 11.5
Long-term Debt Rs m 8,515 9,965 17.0
Total Liabilities Rs m 29,100 31,887 9.6
 
Current assets Rs m 7,651 7,935 3.7
Fixed Assets Rs m 19,125 23,063 20.6
Total Assets Rs m 29,100 31,887 9.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TATA COFFEE Cash Flow Statement Analysis

  • TATA COFFEE's cash flow from operating activities (CFO) during FY19 stood at Rs 1 billion, an improvement of 16.5% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -92 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -326 million from the Rs 384 million net cash flows seen during FY18.

TATA COFFEE Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 1,243 1,449 16.5%
Cash Flow from Investing Activities Rs m -1,878 -1,703 -
Cash Flow from Financing Activities Rs m 1,020 -92 -
Net Cash Flow Rs m 384 -326 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for TATA COFFEE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 57.2, an decline from the EPS of Rs 100.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 85.0, stands at 14.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.2 times, while the price to sales ratio stands at 0.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 9.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 839.0 965.7
TTM Earnings per share Rs 100.1 57.2
Diluted earnings per share Rs 10.0 5.7
Price to Cash Flow x 0.7 9.7
TTM P/E ratio x 1.5 14.9
Price / Book Value ratio x 0.2 0.2
Market Cap Rs m 1,588 15,878
Dividends per share (Unadj.) Rs 1.5 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for TATA COFFEE

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.6x during FY19, from 1.8x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 4.5x during FY19, from 6.7x during FY18. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 9.1% during FY19, from 16.7% during FY19. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 9.9% during FY19, from 11.2% during FY18. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 4.8% during FY19, from 7.6% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.8 1.6
Debtors’ Days Days 45 35
Interest coverage x 6.7 4.5
Debt to equity ratio x 0.8 0.8
Return on assets % 7.6 4.8
Return on equity % 16.7 9.1
Return on capital employed % 11.2 9.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how TATA COFFEE has performed over the last 5 years, please visit here.

TATA COFFEE Share Price Performance

Over the last one year, TATA COFFEE share price has moved up from Rs 123.7 to Rs 85.0, registering a loss of Rs 38.7 or around 31.3%.

Overall, the S&P BSE SENSEX is up 7.0% over the year.

(To know more, check out historical annual results for TATA COFFEE and quarterly results for TATA COFFEE)

Equitymaster requests your view! Post a comment on "TATA COFFEE 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

TATA COFFEE Announces Quarterly Results (4QFY19); Net Profit Down 20.3% (Quarterly Result Update)

Apr 22, 2019 | Updated on Apr 22, 2019

For the quarter ended March 2019, TATA COFFEE has posted a net profit of Rs 179 m (down 20.3% YoY). Sales on the other hand came in at Rs 5 bn (up 4.6% YoY). Read on for a complete analysis of TATA COFFEE's quarterly results.

TATA COFFEE Announces Quarterly Results (3QFY19); Net Profit Down 74.3% (Quarterly Result Update)

Jan 31, 2019 | Updated on Jan 31, 2019

For the quarter ended December 2018, TATA COFFEE has posted a net profit of Rs 218 m (down 74.3% YoY). Sales on the other hand came in at Rs 5 bn (up 23.4% YoY). Read on for a complete analysis of TATA COFFEE's quarterly results.

Prataap Snacks Ltd. (IPO)

Sep 21, 2017

Is the Prataap Snacks IPO worth your attention?

Apex frozen food Ltd. (IPO)

Aug 21, 2017

Should you subscribe to the IPO of Apex Frozen Foods Ltd?

More Views on News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

Why I Believe Smallcaps Will Catch up to the Sensex(Profit Hunter)

Jun 14, 2019

Smallcaps have gone nowhere even as the Sensex makes new all-time highs. Find out why Richa believes this a good opportunity to invest in smallcaps.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK TATA COFFEE

  • Track your investment in TATA COFFEE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

TATA COFFEE 8-QTR ANALYSIS

COMPARE TATA COFFEE WITH

MARKET STATS