Rosell India Limited ~ Fundamentals Analysis by KBF
CMP : 120
52 Wk H/L : 133/ 34
Eq Cap: Rs7 Crs
Reserves: Rs187 Crs
Other Liab: Rs48 Crs
Fixed Assets: Rs257 Crs
Promoter Sh Holding 75%
FII holding 8%
DII holding 5%
Others 12%
FV : Rs2/- per share
BV : Rs51/- per share
June Qtr EPS : Rs2.5/- per share
Projected Annualised EPS: Rs12/- per share
Stock PE : 10 (BASED ON PROJECTED EPS OF MARCH 2021)
Industry PE : 60
JUNE 2020 QUARTER RESULT:
SALES : Rs63 Crs v/s 54 Crs QoQ v/s Rs66 Crs YoY
EBITA: Rs17 Crs v/s (Rs9 Crs) QoQ v/s Rs11 Crs YoY
PAT: Rs9 Crs v/s (Rs18 Crs) QoQ v/s Rs7 Crs YoY
Rosell India Ltd started its journey in 1994 as Rosell Tea Ltd. Along the way, it added Aviation and Defence manufacturing and service capabilities to its growth and diversification story.
On 19th April, 2011, the company rechristened itself as Rossell India Ltd to better represent its diverse business capabilities. Post rebranding, Rossell India Ltd has two divisions:
Tea and
Aerospace & Defence (Engineering Manufacturing and Services)
About Rossell Tea (A division of Rossell India Ltd)
The Essence of Quality:
Our gardens are our special assets, star properties that have been acquired carefully and tended with care. Each of our estate is a jewel. The gardens came into our fold 22 year ago and several acquisitions, we are a family of seven jewels. These we guard and nurture very carefully. The ‘jewels’ yield true satisfaction and pleasure for tea aficionados around the world.
History and Profile:
Rossell Tea is a Division of Rossell India Limited, earlier known as Rossell Tea Limited, which was incorporated on 10th June, 1994.
On 1st July, 1994, it took over Dikom and Nokhroy Tea Estates located in the state of Assam, earlier owned by the erstwhile Jokai India Ltd., established in the late 19th century. Jokai was a well-known mark in the tea industry renowned for its quality.
At the time of the takeover, saleable production of our black tea was 2.7 million kgs.
After successive acquisitions of other prized tea gardens located in the quality belt of Assam, reaching to total 7 tea estates such as :
Dikom,
Nokhvoy,
Nagrijuli,
Bokakhat,
Romai,
Namsang and
Kharikatia Tea Estates,
our black tea production increased to 5.8 million kgs.
Currently, our total area under tea cultivation, comprising all seven tea estates, is nearly 3000 hectares and currently has around 6000 employees.
A sizeable quantity of teas produced by us is exported to various overseas markets.
The Group’s exports are approximately 30% of its annual production.
Product:
The group has now capacity to produce about 6 m.kgs of tea annually, with major production of Orthodox (approx. 60%) and balance comprising high quality CTC teas.
Quality has been the prime mover at Rossell Tea and significant capital outlay, coupled with best field and manufacturing practices, have firmly established the Company’s reputation as a Quality Producer.
Strict controls in the field, the shop floor and thereafter, at Company’s tasting facility in Kolkata ensure that top quality teas are produced under the most stringent hygienic conditions.
Markets:
Rossell caters to a large base of premier overseas buyers, mainly in the:
USA,
UK,
Germany,
Japan,
Iran,
UAE and
Other Middle East Countries
as well as the quality conscious domestic market.
Rossell’s commitment to supply Quality & MRL-compliant teas is evident from the consistent support shown by buyers globally and within the country.
The company’s direct exports in the last seven years have shown a growth of more than 300%.
Rossell India Limited is now, a diversified Company, the other Divisions being Aerospace & Defense, Product Support & Services and Hospitality.
About Rossell Techsys (A division of Rossell India Ltd)
Rossell Techsys is the Aerospace and Defence (A&D) Division of Rossell India Limited, and currently has around 425 employees.
Rossell Techsys is ISO 9001:2015, AS 9100:2016, ISO 27001:2013, ISO 14001: 2015, ISO 31000 compliant, and BS OHSAS 18001:2007 certified, in addition to being a CEMILAC- (Centre for Military Airworthiness Certification) approved organization for “Design, Development and Testing of hardware and software systems for airborne applications, Test Rigs and Fabrication of Aircraft Looms”.
In addition, Rossell Techsys is a member of IPC, RTCA and ERAI.
More certifications are on the anvil, including ISO 37001, DGCA (Directorate General of Civil Aviation) and ISO 28001.
Committed to the goal of meeting and exceeding the requirements of our Global Customers, we constantly strive to improve the effectiveness of our engineering & manufacturing systems and processes.
The result being :
on-time deliveries,
cost competitiveness and
quality products & services for aerospace and defence applications.
Rossell Techsys is fully eligible to be an Indian offset partner (IOP).
Rossell Techsys also provides value added reseller services to global OEMs.
Rossell Techsys aggressively and strictly enforces proprietary laws to combat piracy.
It is ISO 27001 certified entity and has an established information security management system (ISMS).
Rossell Techsys follows essential disaster recovery (DRP) and business continuity (BCP) plans.