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The United Nilgiri Tea Estates Company Limited

ISIN : INE458F01011
NSE : UNITEDTEA
Face Value : 10
Industry : Tea/Coffee

EPS : 32.13
EPS (TTM) : 29.90
Price to Earning (P/E) : 12.32
Book Value : 408.74
Price to Bookvalue (P/B) : 0.97
Dividend Yield : 0 %
Return on Equity (ROE) : 8.20 %
Return on Capital Employed (ROCE) : 10.46 %

The United share price (28-Mar-2025)
National Stock Exchange NSE
Open / Close	402.55 - 395.75 -1.7 %
Low / High	391.35 - 407.2 4.1 %
Trade Volume	14,411
52 Week Low / High	0 - 0 NAN %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	157.74	234.34	218.6	185.79	155.07	179.29	191.6	236.04	218.93	229.56
Total Income	184.3	237.18	245.72	216.76	186.02	213.3	206.54	254.5	241.42	249.46
Total Expenditure	165.98	185.93	199.37	168.87	144.77	144.64	149.35	190.47	191.43	196.99
Other Income	26.56	2.84	27.12	30.97	30.95	34.01	14.94	18.46	22.49	19.9
Operating Profit	18.32	51.25	46.35	47.89	41.25	68.66	57.19	64.03	49.99	52.47
Interest	0.26	0.24	0.27	0.26	0.26	0.26	0.26	0.26	0.22	0.19
PBDT	18.06	51.01	46.08	47.63	40.99	68.4	56.93	63.77	49.77	52.28
Depreciation	8.68	8.71	8.91	10.07	8.81	8.81	8.92	8.7	8.69	8.65
Profit Before Tax	9.38	42.3	37.17	37.56	32.18	59.59	48.01	55.07	41.08	43.63
Tax	4.3	7.68	7.21	9.16	4.01	11.19	9.16	12.28	10.58	6.39
Profit After Tax	5.08	34.62	29.96	28.4	28.17	48.4	38.85	42.79	30.5	37.24
Net Profit	5.08	34.62	29.96	28.4	28.17	48.4	38.85	42.79	30.5	37.24
Equity Capital	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.02	6.93	6	5.68	5.64	9.69	7.77	8.56	6.1	7.45
Diluted Eps After Extraordinary Items	1.02	6.93	6	5.68	5.64	9.68	7.78	8.57	6.1	7.45
Diluted Eps Before Extraordinary Items	1.02	6.93	6	5.68	5.64	9.68	7.78	8.57	6.1	7.45

STANDALONE QUARTERLY RESULT FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Date End	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	157.74	234.34	218.6	185.79	155.07	179.29	191.6	236.04	218.93	229.56
Total Income	184.3	237.18	245.72	216.76	186.02	213.3	206.54	254.5	241.42	249.46
Total Expenditure	165.98	185.93	199.37	168.87	144.77	144.64	149.35	190.47	191.43	196.99
Other Income	26.56	2.84	27.12	30.97	30.95	34.01	14.94	18.46	22.49	19.9
Operating Profit	18.32	51.25	46.35	47.89	41.25	68.66	57.19	64.03	49.99	52.47
Interest	0.26	0.24	0.27	0.26	0.26	0.26	0.26	0.26	0.22	0.19
PBDT	18.06	51.01	46.08	47.63	40.99	68.4	56.93	63.77	49.77	52.28
Depreciation	8.68	8.71	8.91	10.07	8.81	8.81	8.92	8.7	8.69	8.65
Profit Before Tax	9.38	42.3	37.17	37.56	32.18	59.59	48.01	55.07	41.08	43.63
Tax	4.3	7.68	7.21	9.16	4.01	11.19	9.16	12.28	10.58	6.39
Profit After Tax	5.08	34.62	29.96	28.4	28.17	48.4	38.85	42.79	30.5	37.24
Net Profit	5.08	34.62	29.96	28.4	28.17	48.4	38.85	42.79	30.5	37.24
Equity Capital	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97	49.97
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.02	6.93	6	5.68	5.64	9.69	7.77	8.56	6.1	7.45
Diluted Eps After Extraordinary Items	1.02	6.93	6	5.68	5.64	9.68	7.78	8.57	6.1	7.45
Diluted Eps Before Extraordinary Items	1.02	6.93	6	5.68	5.64	9.68	7.78	8.57	6.1	7.45

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	700.75	779.77	840.15
Total Income	810.33	885.68	915.76
Total Expenditure	645.54	698.94	675.9
Other Income	109.58	105.91	75.61
Operating Profit	164.79	186.74	239.86
Interest	1.02	1.02	0.99
PBDT	163.77	185.72	238.87
Depreciation	34.94	36.51	35.13
Profit Before Tax	128.83	149.21	203.74
Tax	25.94	28.06	43.21
Profit After Tax	102.89	121.15	160.53
Net Profit	102.89	121.15	160.53
Equity Capital	49.97	49.97	49.97
Face Value (IN RS)	10	10	10
Calculated EPS	20.59	24.24	32.13
Diluted Eps After Extraordinary Items	20.59	24.25	32.13
Diluted Eps Before Extraordinary Items	20.59	24.25	32.13

STANDALONE ANNUAL RESULT FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	700.75	779.77	840.15
Total Income	810.33	885.68	915.76
Total Expenditure	645.54	698.94	675.9
Other Income	109.58	105.91	75.61
Operating Profit	164.79	186.74	239.86
Interest	1.02	1.02	0.99
PBDT	163.77	185.72	238.87
Depreciation	34.94	36.51	35.13
Profit Before Tax	128.83	149.21	203.74
Tax	25.94	28.06	43.21
Profit After Tax	102.89	121.15	160.53
Net Profit	102.89	121.15	160.53
Equity Capital	49.97	49.97	49.97
Face Value (IN RS)	10	10	10
Calculated EPS	20.59	24.24	32.13
Diluted Eps After Extraordinary Items	20.59	24.25	32.13
Diluted Eps Before Extraordinary Items	20.59	24.25	32.13

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	66.32 Cr	75.66 Cr	83.65 Cr	84.02 Cr
Sales	61.04 Cr	68.43 Cr	76.4 Cr	76.56 Cr
Net Sales	66.32 Cr	75.66 Cr	83.65 Cr	84.02 Cr
Increase/Decrease in Stock	-3.72 Cr	90.85 Lk	2.06 Cr	44.35 Lk
Raw Material Consumed	19.1 Cr	16.53 Cr	18.5 Cr	17.77 Cr
Other Direct Purchases / Brought in cost	19.1 Cr	16.53 Cr	18.5 Cr	17.77 Cr
Power & Fuel Cost	3.68 Cr	4.82 Cr	5.31 Cr	5.24 Cr
Electricity & Power	3.68 Cr	4.82 Cr	5.31 Cr	5.24 Cr
Employee Cost	20.1 Cr	22.63 Cr	23.52 Cr	24.72 Cr
Salaries, Wages & Bonus	14.39 Cr	17.23 Cr	17.49 Cr	18.1 Cr
Contributions to EPF & Pension Funds	1.37 Cr	1.55 Cr	1.77 Cr	1.8 Cr
Workmen and Staff Welfare Expenses	3.77 Cr	3.24 Cr	3.71 Cr	4.33 Cr
Other Manufacturing Expenses	9.06 Cr	8.79 Cr	9.15 Cr	10.57 Cr
Repairs and Maintenance	3.82 Cr	3.76 Cr	2.68 Cr	4.18 Cr
Packing Material Consumed	1.06 Cr	1.27 Cr	1.64 Cr	1.76 Cr
General and Administration Expenses	2.4 Cr	2.82 Cr	3.46 Cr	3.34 Cr
Rent , Rates & Taxes	36.24 Lk	51.89 Lk	60.79 Lk	54.5 Lk
Insurance	82.54 Lk	90.07 Lk	90.23 Lk	89.1 Lk
Professional and legal fees	46.38 Lk	57.21 Lk	86.75 Lk	63.76 Lk
Traveling and conveyance	55.97 Lk	61.31 Lk	88.71 Lk	1.07 Cr
Selling and Distribution Expenses	3.05 Cr	6.3 Cr	5.55 Cr	3.52 Cr
Freight and Forwarding	1.89 Cr	5.47 Cr	4.21 Cr	2.36 Cr
Miscellaneous Expenses	1.86 Cr	1.75 Cr	2.34 Cr	1.98 Cr
Loss on foreign exchange fluctuations	5.47 Lk	0	0	8.14 Lk
Total Expenditure	55.53 Cr	64.55 Cr	69.89 Cr	67.59 Cr
Other Income	8.02 Cr	5.38 Cr	4.92 Cr	7.56 Cr
Interest Received	92.81 Lk	38.89 Lk	30.35 Lk	23.95 Lk
Dividend Received	23.2 Lk	1.11 Cr	17.81 Lk	19.38 Lk
Profit on sale of Fixed Assets	35,000	8.5 Lk	26.33 Lk	0
Provision Written Back	24.05 Lk	0	0	4.4 Lk
Foreign Exchange Gains	0	1.82 Lk	39.92 Lk	0
Operating Profit	18.81 Cr	16.48 Cr	18.67 Cr	23.99 Cr
Interest	5.03 Lk	10.23 Lk	10.23 Lk	9.91 Lk
PBDT	18.76 Cr	16.38 Cr	18.57 Cr	23.89 Cr
Depreciation	3.63 Cr	3.49 Cr	3.65 Cr	3.51 Cr
Profit Before Taxation & Exceptional Items	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Profit Before Tax	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Provision for Tax	2.89 Cr	2.59 Cr	2.81 Cr	4.32 Cr
Current Income Tax	1.92 Cr	2.36 Cr	2.56 Cr	2.75 Cr
Deferred Tax	96.86 Lk	23.4 Lk	24.55 Lk	1.57 Cr
Profit After Tax	12.25 Cr	10.29 Cr	12.12 Cr	16.05 Cr
Consolidated Net Profit	12.25 Cr	10.29 Cr	12.12 Cr	16.05 Cr
Profit Balance B/F	13.63 Cr	15.44 Cr	14.75 Cr	17.68 Cr
Appropriations	25.87 Cr	25.73 Cr	26.86 Cr	33.73 Cr
General Reserves	9 Cr	10 Cr	8 Cr	10 Cr
Other Appropriation	93.11 Lk	48.45 Lk	68.08 Lk	-16.19 Lk
Equity Dividend %	27	37	27	27
Earnings Per Share	24.51	20.59	24.25	32.13
Adjusted EPS	24.51	20.59	24.25	32.13

STANDALONE PROFIT / LOSS FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	66.32 Cr	75.66 Cr	83.65 Cr	84.02 Cr
Sales	61.04 Cr	68.43 Cr	76.4 Cr	76.56 Cr
Net Sales	66.32 Cr	75.66 Cr	83.65 Cr	84.02 Cr
Increase/Decrease in Stock	-3.72 Cr	90.85 Lk	2.06 Cr	44.35 Lk
Raw Material Consumed	19.1 Cr	16.53 Cr	18.5 Cr	17.77 Cr
Other Direct Purchases / Brought in cost	19.1 Cr	16.53 Cr	18.5 Cr	17.77 Cr
Power & Fuel Cost	3.68 Cr	4.82 Cr	5.31 Cr	5.24 Cr
Electricity & Power	3.68 Cr	4.82 Cr	5.31 Cr	5.24 Cr
Employee Cost	20.1 Cr	22.63 Cr	23.52 Cr	24.72 Cr
Salaries, Wages & Bonus	14.39 Cr	17.23 Cr	17.49 Cr	18.1 Cr
Contributions to EPF & Pension Funds	1.37 Cr	1.55 Cr	1.77 Cr	1.8 Cr
Workmen and Staff Welfare Expenses	3.77 Cr	3.24 Cr	3.71 Cr	4.33 Cr
Other Manufacturing Expenses	9.06 Cr	8.79 Cr	9.15 Cr	10.57 Cr
Repairs and Maintenance	3.82 Cr	3.76 Cr	2.68 Cr	4.18 Cr
Packing Material Consumed	1.06 Cr	1.27 Cr	1.64 Cr	1.76 Cr
General and Administration Expenses	2.4 Cr	2.82 Cr	3.46 Cr	3.34 Cr
Rent , Rates & Taxes	36.24 Lk	51.89 Lk	60.79 Lk	54.5 Lk
Insurance	82.54 Lk	90.07 Lk	90.23 Lk	89.1 Lk
Professional and legal fees	46.38 Lk	57.21 Lk	86.75 Lk	63.76 Lk
Traveling and conveyance	55.97 Lk	61.31 Lk	88.71 Lk	1.07 Cr
Selling and Distribution Expenses	3.05 Cr	6.3 Cr	5.55 Cr	3.52 Cr
Freight and Forwarding	1.89 Cr	5.47 Cr	4.21 Cr	2.36 Cr
Miscellaneous Expenses	1.86 Cr	1.75 Cr	2.34 Cr	1.98 Cr
Loss on foreign exchange fluctuations	5.47 Lk	0	0	8.14 Lk
Total Expenditure	55.53 Cr	64.55 Cr	69.89 Cr	67.59 Cr
Other Income	8.02 Cr	5.38 Cr	4.92 Cr	7.56 Cr
Interest Received	92.81 Lk	38.89 Lk	30.35 Lk	23.95 Lk
Dividend Received	23.2 Lk	1.11 Cr	17.81 Lk	19.38 Lk
Profit on sale of Fixed Assets	35,000	8.5 Lk	26.33 Lk	0
Provision Written Back	24.05 Lk	0	0	4.4 Lk
Foreign Exchange Gains	0	1.82 Lk	39.92 Lk	0
Operating Profit	18.81 Cr	16.48 Cr	18.67 Cr	23.99 Cr
Interest	5.03 Lk	10.23 Lk	10.23 Lk	9.91 Lk
PBDT	18.76 Cr	16.38 Cr	18.57 Cr	23.89 Cr
Depreciation	3.63 Cr	3.49 Cr	3.65 Cr	3.51 Cr
Profit Before Taxation & Exceptional Items	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Profit Before Tax	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Provision for Tax	2.89 Cr	2.59 Cr	2.81 Cr	4.32 Cr
Current Income Tax	1.92 Cr	2.36 Cr	2.56 Cr	2.75 Cr
Deferred Tax	96.86 Lk	23.4 Lk	24.55 Lk	1.57 Cr
Profit After Tax	12.25 Cr	10.29 Cr	12.12 Cr	16.05 Cr
Consolidated Net Profit	12.25 Cr	10.29 Cr	12.12 Cr	16.05 Cr
Profit Balance B/F	13.63 Cr	15.44 Cr	14.75 Cr	17.68 Cr
Appropriations	25.87 Cr	25.73 Cr	26.86 Cr	33.73 Cr
General Reserves	9 Cr	10 Cr	8 Cr	10 Cr
Other Appropriation	93.11 Lk	48.45 Lk	68.08 Lk	-16.19 Lk
Equity Dividend %	27	37	27	27
Earnings Per Share	24.51	20.59	24.25	32.13
Adjusted EPS	24.51	20.59	24.25	32.13

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Adjustment	-4.14 Cr	-1.89 Cr	-85.22 Lk	-4.07 Cr
Changes In working Capital	27.13 Lk	-2.46 Cr	3.45 Cr	-5.77 Cr
Cash Flow after changes in Working Capital	11.27 Cr	8.52 Cr	17.51 Cr	10.53 Cr
Cash Flow from Operating Activities	8.77 Cr	5.46 Cr	15.06 Cr	7.83 Cr
Cash Flow from Investing Activities	-9.1 Cr	-3.2 Cr	-13.21 Cr	-4.42 Cr
Cash Flow from Financing Activitie	-1.35 Cr	-1.35 Cr	-1.35 Cr	-1.85 Cr
Net Cash Inflow / Outflow	-1.68 Cr	91.64 Lk	49.69 Lk	1.56 Cr
Opening Cash & Cash Equivalents	3.55 Cr	1.87 Cr	2.78 Cr	3.28 Cr
Closing Cash & Cash Equivalent	1.87 Cr	2.78 Cr	3.28 Cr	4.84 Cr

STANDALONE CASH FLOW FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	15.13 Cr	12.88 Cr	14.92 Cr	20.37 Cr
Adjustment	-4.14 Cr	-1.89 Cr	-85.22 Lk	-4.07 Cr
Changes In working Capital	27.13 Lk	-2.46 Cr	3.45 Cr	-5.77 Cr
Cash Flow after changes in Working Capital	11.27 Cr	8.52 Cr	17.51 Cr	10.53 Cr
Cash Flow from Operating Activities	8.77 Cr	5.46 Cr	15.06 Cr	7.83 Cr
Cash Flow from Investing Activities	-9.1 Cr	-3.2 Cr	-13.21 Cr	-4.42 Cr
Cash Flow from Financing Activitie	-1.35 Cr	-1.35 Cr	-1.35 Cr	-1.85 Cr
Net Cash Inflow / Outflow	-1.68 Cr	91.64 Lk	49.69 Lk	1.56 Cr
Opening Cash & Cash Equivalents	3.55 Cr	1.87 Cr	2.78 Cr	3.28 Cr
Closing Cash & Cash Equivalent	1.87 Cr	2.78 Cr	3.28 Cr	4.84 Cr

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	5 Cr	5 Cr	5 Cr	5 Cr
Equity - Authorised	5 Cr	5 Cr	5 Cr	5 Cr
Equity - Issued	5 Cr	5 Cr	5 Cr	5 Cr
Equity Paid Up	5 Cr	5 Cr	5 Cr	5 Cr
Face Value	10	10	10	10
Total Reserves	160.55 Cr	170.27 Cr	182.11 Cr	199.23 Cr
Profit & Loss Account Balance	15.44 Cr	14.75 Cr	17.68 Cr	23.4 Cr
General Reserves	116.5 Cr	126.5 Cr	134.5 Cr	144.5 Cr
Reserve excluding Revaluation Reserve	160.55 Cr	170.27 Cr	182.11 Cr	199.23 Cr
Shareholder's Funds	165.55 Cr	175.26 Cr	187.11 Cr	204.23 Cr
Deferred Tax Assets / Liabilities	1.35 Cr	1.63 Cr	1.95 Cr	3.48 Cr
Deferred Tax Assets	4.71 Lk	96,000	0	0
Deferred Tax Liability	1.4 Cr	1.64 Cr	1.95 Cr	3.48 Cr
Other Long Term Liabilities	3 Cr	2.77 Cr	2.65 Cr	2.66 Cr
Long Term Provisions	10.77 Lk	7.75 Lk	9.43 Lk	0
Total Non-Current Liabilities	4.46 Cr	4.48 Cr	4.69 Cr	6.14 Cr
Trade Payables	2.56 Cr	2.52 Cr	1.67 Cr	2 Cr
Sundry Creditors	2.56 Cr	2.52 Cr	1.67 Cr	2 Cr
Other Current Liabilities	4.52 Cr	4.58 Cr	4.59 Cr	4.5 Cr
Advances received from customers	12.86 Lk	5.99 Lk	1.96 Lk	2.9 Lk
Short Term Provisions	22.85 Cr	25.18 Cr	21.74 Cr	24.54 Cr
Provision for Tax	22.8 Cr	25.16 Cr	21.73 Cr	24.48 Cr
Total Current Liabilities	29.93 Cr	32.28 Cr	28 Cr	31.04 Cr
Total Liabilities	199.94 Cr	212.02 Cr	219.81 Cr	241.41 Cr
Gross Block	34.7 Cr	59.54 Cr	41.03 Cr	43.59 Cr
Less: Accumulated Depreciation	7.27 Cr	16.16 Cr	11.23 Cr	13.55 Cr
Net Block	27.44 Cr	43.38 Cr	29.81 Cr	30.05 Cr
Capital Work in Progress	1.29 Cr	2.5 Cr	2.64 Cr	2.21 Cr
Non Current Investments	104.25 Cr	97.48 Cr	106.79 Cr	115.26 Cr
Long Term Investment	104.25 Cr	97.48 Cr	106.79 Cr	115.26 Cr
Quoted	3.63 Cr	4.7 Cr	5.61 Cr	6.91 Cr
Unquoted	100.61 Cr	92.79 Cr	101.18 Cr	108.35 Cr
Long Term Loans & Advances	53.13 Lk	47.37 Lk	53.64 Lk	4.78 Cr
Other Non Current Assets	0	0	0	2 Cr
Total Non-Current Assets	133.5 Cr	143.84 Cr	153.56 Cr	166.93 Cr
Currents Investments	13.92 Cr	9.12 Cr	20.43 Cr	19.05 Cr
Unquoted	100.61 Cr	92.79 Cr	101.18 Cr	108.35 Cr
Inventories	10.42 Cr	9.59 Cr	7.09 Cr	6.55 Cr
Finished Goods	8.76 Cr	7.85 Cr	5.8 Cr	5.35 Cr
Stores and Spare	1.4 Cr	1.47 Cr	1.22 Cr	1.05 Cr
Sundry Debtors	4.86 Cr	8.25 Cr	5.41 Cr	12.88 Cr
Debtors more than Six months	0	0	0	1.68 Lk
Debtors Others	4.86 Cr	8.25 Cr	5.41 Cr	12.86 Cr
Cash and Bank	9.6 Cr	10.84 Cr	6.29 Cr	7.18 Cr
Cash in hand	70,000	40,000	1.42 Lk	63,000
Balances at Bank	9.59 Cr	10.84 Cr	6.27 Cr	7.17 Cr
Other Current Assets	3.73 Cr	2.81 Cr	3.41 Cr	2.67 Cr
Interest accrued on Investments	24.9 Lk	25.83 Lk	9.87 Lk	16.42 Lk
Prepaid Expenses	1.1 Cr	1.19 Cr	1.3 Cr	1.23 Cr
Short Term Loans and Advances	23.91 Cr	27.58 Cr	23.62 Cr	26.15 Cr
Advances recoverable in cash or in kind	22.88 Lk	83.75 Lk	36.8 Lk	28.2 Lk
Advance income tax and TDS	23.68 Cr	26.74 Cr	23.16 Cr	25.87 Cr
Total Current Assets	66.44 Cr	68.19 Cr	66.25 Cr	74.48 Cr
Net Current Assets (Including Current Investments)	36.51 Cr	35.91 Cr	38.25 Cr	43.44 Cr
Total Assets	199.94 Cr	212.02 Cr	219.81 Cr	241.41 Cr
Contingent Liabilities	29.17 Lk	29.17 Lk	1.04 Cr	1.32 Cr
Book Value	0	0	374.48	408.74
Adjusted Book Value	331.32	350.77	374.48	408.74

STANDALONE BALANCE SHEET FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	5 Cr	5 Cr	5 Cr	5 Cr
Equity - Authorised	5 Cr	5 Cr	5 Cr	5 Cr
Equity - Issued	5 Cr	5 Cr	5 Cr	5 Cr
Equity Paid Up	5 Cr	5 Cr	5 Cr	5 Cr
Face Value	10	10	10	10
Total Reserves	160.55 Cr	170.27 Cr	182.11 Cr	199.23 Cr
Profit & Loss Account Balance	15.44 Cr	14.75 Cr	17.68 Cr	23.4 Cr
General Reserves	116.5 Cr	126.5 Cr	134.5 Cr	144.5 Cr
Reserve excluding Revaluation Reserve	160.55 Cr	170.27 Cr	182.11 Cr	199.23 Cr
Shareholder's Funds	165.55 Cr	175.26 Cr	187.11 Cr	204.23 Cr
Deferred Tax Assets / Liabilities	1.35 Cr	1.63 Cr	1.95 Cr	3.48 Cr
Deferred Tax Assets	4.71 Lk	96,000	0	0
Deferred Tax Liability	1.4 Cr	1.64 Cr	1.95 Cr	3.48 Cr
Other Long Term Liabilities	3 Cr	2.77 Cr	2.65 Cr	2.66 Cr
Long Term Provisions	10.77 Lk	7.75 Lk	9.43 Lk	0
Total Non-Current Liabilities	4.46 Cr	4.48 Cr	4.69 Cr	6.14 Cr
Trade Payables	2.56 Cr	2.52 Cr	1.67 Cr	2 Cr
Sundry Creditors	2.56 Cr	2.52 Cr	1.67 Cr	2 Cr
Other Current Liabilities	4.52 Cr	4.58 Cr	4.59 Cr	4.5 Cr
Advances received from customers	12.86 Lk	5.99 Lk	1.96 Lk	2.9 Lk
Short Term Provisions	22.85 Cr	25.18 Cr	21.74 Cr	24.54 Cr
Provision for Tax	22.8 Cr	25.16 Cr	21.73 Cr	24.48 Cr
Total Current Liabilities	29.93 Cr	32.28 Cr	28 Cr	31.04 Cr
Total Liabilities	199.94 Cr	212.02 Cr	219.81 Cr	241.41 Cr
Gross Block	34.7 Cr	59.54 Cr	41.03 Cr	43.59 Cr
Less: Accumulated Depreciation	7.27 Cr	16.16 Cr	11.23 Cr	13.55 Cr
Net Block	27.44 Cr	43.38 Cr	29.81 Cr	30.05 Cr
Capital Work in Progress	1.29 Cr	2.5 Cr	2.64 Cr	2.21 Cr
Non Current Investments	104.25 Cr	97.48 Cr	106.79 Cr	115.26 Cr
Long Term Investment	104.25 Cr	97.48 Cr	106.79 Cr	115.26 Cr
Quoted	3.63 Cr	4.7 Cr	5.61 Cr	6.91 Cr
Unquoted	100.61 Cr	92.79 Cr	101.18 Cr	108.35 Cr
Long Term Loans & Advances	53.13 Lk	47.37 Lk	53.64 Lk	4.78 Cr
Other Non Current Assets	0	0	0	2 Cr
Total Non-Current Assets	133.5 Cr	143.84 Cr	153.56 Cr	166.93 Cr
Currents Investments	13.92 Cr	9.12 Cr	20.43 Cr	19.05 Cr
Unquoted	100.61 Cr	92.79 Cr	101.18 Cr	108.35 Cr
Inventories	10.42 Cr	9.59 Cr	7.09 Cr	6.55 Cr
Finished Goods	8.76 Cr	7.85 Cr	5.8 Cr	5.35 Cr
Stores and Spare	1.4 Cr	1.47 Cr	1.22 Cr	1.05 Cr
Sundry Debtors	4.86 Cr	8.25 Cr	5.41 Cr	12.88 Cr
Debtors more than Six months	0	0	0	1.68 Lk
Debtors Others	4.86 Cr	8.25 Cr	5.41 Cr	12.86 Cr
Cash and Bank	9.6 Cr	10.84 Cr	6.29 Cr	7.18 Cr
Cash in hand	70,000	40,000	1.42 Lk	63,000
Balances at Bank	9.59 Cr	10.84 Cr	6.27 Cr	7.17 Cr
Other Current Assets	3.73 Cr	2.81 Cr	3.41 Cr	2.67 Cr
Interest accrued on Investments	24.9 Lk	25.83 Lk	9.87 Lk	16.42 Lk
Prepaid Expenses	1.1 Cr	1.19 Cr	1.3 Cr	1.23 Cr
Short Term Loans and Advances	23.91 Cr	27.58 Cr	23.62 Cr	26.15 Cr
Advances recoverable in cash or in kind	22.88 Lk	83.75 Lk	36.8 Lk	28.2 Lk
Advance income tax and TDS	23.68 Cr	26.74 Cr	23.16 Cr	25.87 Cr
Total Current Assets	66.44 Cr	68.19 Cr	66.25 Cr	74.48 Cr
Net Current Assets (Including Current Investments)	36.51 Cr	35.91 Cr	38.25 Cr	43.44 Cr
Total Assets	199.94 Cr	212.02 Cr	219.81 Cr	241.41 Cr
Contingent Liabilities	29.17 Lk	29.17 Lk	1.04 Cr	1.32 Cr
Book Value	0	0	374.48	408.74
Adjusted Book Value	331.32	350.77	374.48	408.74

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	24.51	20.59	24.25	32.13
CEPS(Rs)	31.77	27.59	31.55	39.16
DPS(Rs)	2.7	3.7	2.7	2.7
Book NAV/Share(Rs)	331.32	350.77	374.48	408.74
Tax Rate(%)	19.09	20.13	18.8	21.21
Margin Ratios
Core EBITDA Margin(%)	16.28	14.68	16.45	19.55
EBIT Margin(%)	22.9	17.16	17.96	24.37
Pre Tax Margin(%)	22.82	17.03	17.84	24.25
PAT Margin (%)	18.46	13.6	14.48	19.11
Cash Profit Margin (%)	23.93	18.22	18.85	23.29
Performance Ratios
ROA(%)	6.37	5	5.61	6.96
ROE(%)	7.65	6.04	6.69	8.2
ROCE(%)	9.49	7.62	8.29	10.46
Asset Turnover(x)	0.35	0.37	0.39	0.36
Sales/Fixed Asset(x)	1.95	1.3	2.13	1.99
Working Capital/Sales(x)	1.82	2.11	2.19	1.93
Efficiency Ratios
Fixed Capital/Sales(x)	0.51	0.77	0.47	0.5
Receivable days	33.21	31.64	29.79	39.71
Inventory Days	46.9	48.25	36.38	29.64
Payable days	53.13	53.2	37.21	36.73
Valuation Parameters
PER(x)	12.16	16.42	11.12	9.84
PCE(x)	9.38	12.25	8.55	8.07
Price/Book(x)	0.9	0.96	0.72	0.77
Yield(%)	0.91	1.09	1	0.85
EV/Net Sales(x)	2.1	2.09	1.54	1.79
EV/Core EBITDA(x)	7.41	9.59	6.88	6.28
EV/EBIT(x)	9.18	12.17	8.55	7.36
EV/CE(x)	0.7	0.75	0.58	0.74
M Cap / Sales	2.25	2.23	1.61	1.88
Growth Ratio
Net Sales Growth(%)	5.57	14.08	10.57	0.43
Core EBITDA Growth(%)	12.68	-12.4	13.32	28.45
EBIT Growth(%)	9.03	-14.49	15.69	36.28
PAT Growth(%)	14.32	-15.98	17.75	32.5
EPS Growth(%)	14.32	-15.98	17.75	32.5
Financial Stability Ratios
Current Ratio(x)	2.22	2.11	2.37	2.4
Quick Ratio(x)	1.87	1.82	2.11	2.19
Interest Cover(x)	301.89	126.94	146.85	206.59

FINANCIAL RATIOS (STANDALONE) FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	24.51	20.59	24.25	32.13
CEPS(Rs)	31.77	27.59	31.55	39.16
DPS(Rs)	2.7	3.7	2.7	2.7
Book NAV/Share(Rs)	331.32	350.77	374.48	408.74
Tax Rate(%)	19.09	20.13	18.8	21.21
Margin Ratios
Core EBITDA Margin(%)	16.28	14.68	16.45	19.55
EBIT Margin(%)	22.9	17.16	17.96	24.37
Pre Tax Margin(%)	22.82	17.03	17.84	24.25
PAT Margin (%)	18.46	13.6	14.48	19.11
Cash Profit Margin (%)	23.93	18.22	18.85	23.29
Performance Ratios
ROA(%)	6.37	5	5.61	6.96
ROE(%)	7.65	6.04	6.69	8.2
ROCE(%)	9.49	7.62	8.29	10.46
Asset Turnover(x)	0.35	0.37	0.39	0.36
Sales/Fixed Asset(x)	1.95	1.3	2.13	1.99
Working Capital/Sales(x)	1.82	2.11	2.19	1.93
Efficiency Ratios
Fixed Capital/Sales(x)	0.51	0.77	0.47	0.5
Receivable days	33.21	31.64	29.79	39.71
Inventory Days	46.9	48.25	36.38	29.64
Payable days	53.13	53.2	37.21	36.73
Valuation Parameters
PER(x)	12.16	16.42	11.12	9.84
PCE(x)	9.38	12.25	8.55	8.07
Price/Book(x)	0.9	0.96	0.72	0.77
Yield(%)	0.91	1.09	1	0.85
EV/Net Sales(x)	2.1	2.09	1.54	1.79
EV/Core EBITDA(x)	7.41	9.59	6.88	6.28
EV/EBIT(x)	9.18	12.17	8.55	7.36
EV/CE(x)	0.7	0.75	0.58	0.74
M Cap / Sales	2.25	2.23	1.61	1.88
Growth Ratio
Net Sales Growth(%)	5.57	14.08	10.57	0.43
Core EBITDA Growth(%)	12.68	-12.4	13.32	28.45
EBIT Growth(%)	9.03	-14.49	15.69	36.28
PAT Growth(%)	14.32	-15.98	17.75	32.5
EPS Growth(%)	14.32	-15.98	17.75	32.5
Financial Stability Ratios
Current Ratio(x)	2.22	2.11	2.37	2.4
Quick Ratio(x)	1.87	1.82	2.11	2.19
Interest Cover(x)	301.89	126.94	146.85	206.59

SHARE HOLDING PATTERN FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	49.79	49.79	49.79	49.79	49.79	49.79	49.79	49.79	49.79	49.79
FII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	37.96	40.94	42.70	43.02	45.32	45.80	45.80	45.80	45.80	46.28

PEER COMPARISON FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

No.	Name
1	GOODRICKE GROUP LTD
2	TATA CONSUMER PRODUCTS LIMITED
3	WARREN TEA LTD
4	Jayshree Tea & Industries Limited
5	Norben Tea & Exports Limited
6	CCL Products (India) Limited
7	Andrew Yule & Company Limited
8	Tata Coffee Limited
9	Mcleod Russel India Limited
10	The Peria Karamalai Tea & Produce Company Limited
11	Rossell India Limited
12	The United Nilgiri Tea Estates Company Limited
13	The Grob Tea Company Limited
14	Dhunseri Tea & Industries Limited

CORPORATE ACTIONS FOR THE UNITED

Exchange Date	Purpose	Book Closure Dates
NSE 21-Feb-2025	INTDIV - RE 1 PER SH
NSE 30-Aug-2024	AGM/DIV - RS 1.70 PER SH	31-Aug-2024 06-Sep-2024
NSE 28-Feb-2024	INTDIV - RE 1 PER SH
NSE 14-Jul-2023	AGM/DIV-RS 1.70 PER SH	15-Jul-2023 21-Jul-2023
NSE 06-Apr-2023	INTDIV - RE 1 PER SH
NSE 01-Aug-2022	AGM/DIV1.70/SPLDV RS 1	03-Aug-2022 09-Aug-2022
NSE 24-Mar-2022	INTDIV - RE 1 PER SH

CORPORATE ANNOUNCEMENTS FOR THE UNITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Insider trading details found

BULK BLOCK DEALS FOR THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Bulk Block details found

DIVIDEND BY THE UNITED NILGIRI TEA ESTATES COMPANY LIMITED

Ex Dividend Date	Dividend Type	Dividend
21-Feb-2025	INTERIM DIVIDEND	1
30-Aug-2024	DIVIDEND	1.7
28-Feb-2024	INTERIM DIVIDEND	1
14-Jul-2023	DIVIDEND	1.7
06-Apr-2023	INTERIM DIVIDEND	1
01-Aug-2022	DIVIDEND	1
01-Aug-2022	SPECIAL DIVIDEND	1.7
24-Mar-2022	INTERIM DIVIDEND	1