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RECOMMENDATION

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  • unlisted stock logo
    The Scottish Assam Unlisted Shares Essentials

ISIN

INE010G01018

Face Value

₹10.00

Total Share

8,00,000

Total Income

₹3,157.38 L

Profit After Tax

-₹416.26 L

EPS

-₹52.03

P/E

-15.38

P/B

0.19

Market Capitalisation

₹64.00 Cr

Book Value

₹4,259.00 L

Intrinsic Value

-₹1,423.67

Sector

Consumer Staples

Sub-sector

Tea/ Coffee

Cashflow - Operations

₹263.49 L

Cashflow - Financing

-₹176.32 L

The Scottish Assam Growth

Compounded Sales Growth

  • 5.52%

    1 Year

  • 2.00%

    2 Year

  • 1.13%

    3 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • -9.77%

    1 Year

  • 11.42%

    2 Year

  • 10.82%

    3 Year

Pro Only

About The Scottish Assam

Overview:


  • The Scottish Assam (India) Ltd is incorporated on 27 September 1977. It is classified as non-govt company and is registered at Registrar of Companies, Kolkata. Its authorized share capital is Rs. 2,00,00,000 and its paid-up capital is Rs. 80,00,000.
  • It is involved in growing of crops, market gardening and horticulture.
  • The company’s total income has been increased from INR 2,992 lakhs in 2019 to INR 3,157 lakhs in the year 2020, showcased a growth rate of 5.5%.

 

Key facts:


  • It has recorded total revenue from operations of INR 3,148 Lakhs in FY 20. 
  • The company has total assets worth INR 4,726 Lakhs.


Key Services:


  • The company is primarily engaged in the business of cultivation, manufacture and sale of tea and is managed organizationally as a single unit. Accordingly, the company is a single business segment company.

 

History:


  • The company was incorporated in the year 1977 with a garden named 'Heeleakah Tea Estate' of about 950 Hectares.
  • Heeleakah is also the brand name of the tea produced by the company and became a popular brand among the upper Assam teas.
  • In the year 2012, company started manufacturing teas from bought leaf marked as ‘Dhopatbari’, which is also doing well since then.

  • The Scottish Assam Industry Overview

Industry Statistics

  • Indian tea is among the finest in the world owing to strong geographical indications, heavy investment in tea processing units, continuous innovation, augmented product mix and strategic market expansion.
  • The main tea-growing regions are in the Northeast (including Assam) and in north Bengal (Darjeeling district and the Dooars region).
  • Tea is also grown on a large scale in the Nilgiris in south India.
  • India is one of the world’s largest consumers of tea, with about three-fourths of the country’s total produce consumed locally.
  • India stands fourth in terms of tea export after Kenya (including neighboring African countries), China and Sri Lanka.
  • India offers high-quality specialty teas, such as Darjeeling, Assam Orthodox and the high-range Nilgiris, which have a distinctive aroma, strength, color and flavor.
  • Total tea export stood at INR 6,07,591 lakhs in FY19 and INR 6,04,352 lakhs in FY20.
  • As of 2019, India was the second largest tea producer in the world with production of 1,339.70 million kgs.
  • India is one of the leading countries in terms of tea exports and it has achieved the highest tea exports during the calendar year 2019 (Jan-Dec), pegged at 248 mkg. The exports by India decreased by 7.77 mkg (3.1%) during 2019 compared to 2018. The total value of the exports during 2019 stood at INR 5,61,065 Lakhs, increasing by INR 27,532 Lakhs (5.1%).

Future Prospects

  • The market in the country is projected to witness a further growth in the forecast period of 2020-2025.
  • Global tea market size is estimated to grow at CAGR of 5% with revenue INR 96,83,934 during the forecast period 2020-2025. 
  • On the production front, overall global tea production witnessed a marginal de-growth primarily due to a fall in Kenyan production which offset the increase in Indian production to a large extent.

The Scottish Assam Strengths

  • Total revenue from operations of the company has been increased from INR 2,986 lakhs in FY 19 to INR 3,148 lakhs in FY 2020, showcased a growth rate of 5.4%.
  • Company has highest inventory turnover ratio of 17.6 among its peers in 2020 indicates strong sales of the company.
  • ROE% of the company is highest in 2020 among its peers.

The Scottish Assam Shortcomings

  • Due to the recent situation of the global pandemic of the covid19 (corona virus) which has crippled the economy of the whole world has affected the profitability of the company. Profits for the year has been decreased from INR 617 Lakhs to loss of INR 329 Lakhs due to higher production cost. 
  • The overhead expenditure of the company has also increased because of the various norms of social distancing imposed.
  • ROA% of the company is the lowest among its peers in 2020.

The Scottish Assam Opportunities

  • India is the biggest consumer of tea, but has more potential, as per capita consumption of tea is still lower than other tea consuming countries. Thus, there is an opportunity for the tea industry to exploit a huge domestic market.
  • Similar to the global outlook, the Indian economy was projected to grow at a stronger pace in FY 2020-2021 than the previous year. Tea continues to be perceived as a common man's beverage.

The Scottish Assam Threats

  • The coming year appears to be very challenging for the company and crop may be substantially lower than that of last year. This was a result of lack of production during the lockdown period, and the field practices followed to repair the plantations due to the lack of field operations during that time.
  • Competition from Kenya will be stronger in years to come as plantations in these regions are comparatively young, hence yield is much higher. Moreover, Kenya enjoys round the year favorable growing conditions whereas tea production in India is highly seasonal.
The Scottish Assam Rating

  • RECOMMENDATION

    Not Buy

  • The Scottish Assam Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Planify Ticker

TSAL

Reg Office: 1, Crooked Lane, Kolkata - 700069

Website: http://www.scottishassam.com/index.php