Asian Tea & Exports Ltd.
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ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (579.5% of PBT)
- Company has a low return on equity of 0.0% over last 3 years
- Company has a low return on capital employed of 2.9%
- Promoter holding has decreased over last 2 years: -7.5pp
- Interest coverage is weak at 1.2x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2886.00 | 52.48 | 390684.34 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 1002.00 | 27.32 | 45485.94 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| AEGISLOG | 1286.15 | 36.08 | 45143.87 | 0.68 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3748.55 | 92.91 | 44345.51 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| REDINGTON | 372.40 | 17.12 | 29113.28 | 1.61 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 477.45 | 62.55 | 15566.03 | 0.63 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 71.95 | 97.81 | 10983.54 | 0.21 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 814.50 | 82.57 | 10265.57 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 62.28 | 20.88 | 9342.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1847.60 | 64.12 | 8041.32 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 343.50 | 24.77 | 7747.24 | 0.44 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| ASIANTNE | 9.68 | 72.50 | 24.14 | 0.00 | 0.04 | -84.40 | 10.70 | -21.95 | 3.30 | 0.93 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 9 | 9 | 11 | 12 | 13 | 3 | 23 | 8 | 13 | 8 | 19 | 11 | |
| 5 | 10 | 9 | 11 | 12 | 13 | 4 | 22 | 8 | 13 | 8 | 19 | 11 | |
| Operating Profit | 0 | -1 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | -0 |
| OPM % | 2.01% | -9.72% | 0.33% | 0.09% | 0.17% | 1.09% | -0.29% | 0.79% | 1.81% | -0.84% | 5.83% | 0.62% | -0.70% |
| 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax % | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 45.45% | 40.00% | — | 14.29% | -50.00% | 15.38% | 30.77% | 19.08% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| 0.05 | 0.05 | 0.04 | 0.00 | 0.06 | 0.03 | 0.02 | -0.01 | 0.03 | 0.01 | 0.04 | 0.04 | 0.04 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 | 20 | 11 | 151 | 219 | 93 | 73 | 33 | 34 | 51 | 51 | |
| 30 | 20 | 11 | 149 | 213 | 90 | 70 | 34 | 35 | 51 | 51 | |
| Operating Profit | -0 | 0 | -0 | 3 | 6 | 3 | 3 | -1 | -1 | 0 | 0 |
| OPM % | -1.18% | 2.16% | -1.75% | 1.77% | 2.86% | 2.69% | 4.78% | -3.41% | -2.15% | 0.69% | 0.81% |
| 1 | 0 | 1 | 1 | 1 | 2 | 1 | 3 | 3 | 2 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 4 | 3 | 3 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 0 | 0 | 2 | 3 | 1 | 1 | -0 | 0 | 0 | 0 |
| Tax % | 21.82% | 34.13% | 81.86% | 33.89% | 27.84% | 24.36% | 32.02% | 0.30% | 4.03% | 37.04% | 18.25% |
| Net Profit | 0 | 0 | 0 | 1 | 2 | 1 | 1 | -0 | 0 | 0 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 2.11 | 0.72 | 0.45 | -0.21 | 0.14 | 0.07 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- -25%
- 3 Years:
- -11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -8%
- 5 Years:
- -39%
- 3 Years:
- -32%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 1%
- 3 Years:
- 0%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 20 | 20 | 25 |
| 15 | 15 | 15 | 16 | 18 | 19 | 25 | 24 | 24 | 29 | |
| 1 | 7 | 8 | 40 | 30 | 32 | 35 | 20 | 17 | 13 | |
| Trade Payables | 1 | 1 | 2 | 11 | 12 | 7 | 9 | 0 | 0 | 3 |
| 0 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 2 | 1 | |
| Total Liabilities | 28 | 33 | 36 | 79 | 71 | 67 | 89 | 64 | 63 | 72 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 16 | 18 | 18 | 18 | 19 | 19 | 20 | 20 | 20 | 20 | |
| 4 | 2 | 3 | 30 | 7 | 9 | 8 | 5 | 1 | 10 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 20 | |
| Cash & Bank | 1 | 2 | 0 | 0 | 1 | 1 | 3 | 2 | 0 | 0 |
| 6 | 11 | 13 | 30 | 44 | 38 | 57 | 37 | 27 | 21 | |
| Total Assets | 28 | 33 | 36 | 79 | 71 | 67 | 89 | 64 | 63 | 72 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | -9 | -7 | -18 | 30 | -2 | -7 | 6 | 3 | -10 | |
| Cash from Investing | 1 | 5 | 5 | -11 | -15 | 6 | -6 | 12 | -2 | 7 |
| Cash from Financing | -4 | 5 | 1 | 30 | -14 | -2 | 15 | -18 | -3 | 3 |
| -0 | 0 | -1 | -0 | 1 | 1 | 1 | -1 | -2 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 0.17 | 0.17 | 0.02 | 1.02 | 2.11 | 0.72 | 0.29 | -0.21 | 0.14 | 0.07 |
| Book Value (₹) | 24.93 | 25.10 | 25.12 | 26.08 | 28.20 | 28.94 | 22.27 | 22.06 | 22.21 | 21.65 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.19 | 0.17 | 0.04 | 0.85 | 1.77 | 0.65 | 0.33 | -0.17 | 0.17 | 0.08 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 3.02% | 4.20% | 6.62% | 2.47% | 3.33% | 4.82% | 5.68% | 6.28% | -2.15% | 0.69% |
| Net Margin % | 0.57% | 0.83% | 0.18% | 0.67% | 0.96% | 0.77% | 0.79% | -1.29% | 0.83% | 0.35% |
| ROE % | 0.67% | 0.66% | 0.07% | 3.97% | 7.78% | 2.51% | 1.58% | -0.96% | 0.65% | 0.36% |
| ROCE % | 2.92% | 2.76% | 2.06% | 7.47% | 11.55% | 7.36% | 5.79% | 2.77% | 2.99% | 3.00% |
| 0.54% | 0.55% | 0.06% | 1.77% | 2.81% | 1.04% | 0.74% | -0.56% | 0.45% | 0.27% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 39 | 50 | 132 | 21 | 21 | 49 | 95 | 222 | 155 | 125 |
| Inventory Days | 82 | 61 | 102 | 41 | 31 | 31 | 43 | 71 | 33 | 41 |
| Payable Days | 33 | 21 | 50 | 18 | 22 | 39 | 42 | 52 | 1 | 12 |
| 87 | 90 | 183 | 43 | 30 | 42 | 96 | 241 | 187 | 154 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.05x | 0.26x | 0.31x | 1.52x | 1.07x | 1.09x | 0.79x | 0.45x | 0.41x | 0.26x |
| Interest Coverage (x) | 1.35x | 1.46x | 1.19x | 1.72x | 1.69x | 1.28x | 1.27x | 0.82x | 1.19x | 1.17x |
| 3.54x | 3.71x | 2.35x | 1.21x | 1.29x | 1.41x | 1.81x | 2.55x | 2.49x | 3.02x | |
| GROWTH | ||||||||||
| Revenue Growth % | -2.36% | -31.59% | -47.37% | 1328.07% | 45.00% | -57.60% | -21.47% | -54.53% | 3.37% | 48.41% |
| Operating Profit Growth % | -37.84% | -5.02% | -16.97% | 433.60% | 94.97% | -38.56% | -7.56% | -49.66% | -6.38% | 2.22% |
| Net Profit Growth % | -57.83% | -0.44% | -88.69% | 5309.66% | 107.77% | -66.07% | -19.24% | -173.82% | 166.94% | -37.50% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 166.94% | -49.88% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 97.52x | 169.32x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.63x | 0.56x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 23.57x | 22.09x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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News
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Asian Tea & Exports Ltd.
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