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AV Thomas Co Unlisted Shares

A V Thomas & Co. Ltd

A V Thomas & Co. Ltd was established in the year of 1935 with the main business being trading, manufacturing and exports. The fundamental divisions of the company are Consumer Products Division, Trading, Logistics, Exports and Services.

AV THOMAS & COMPANY FINANCIAL

AV Thomas & Company Ltd. was established in -1935. Recently their share price is 0. Today Its current market capitalisation stands at Rs 0 Cr. Latest, company has reported Gross Sales of Rs. 6639.48 Cr and Total Income of Rs.6564.94 Cr.

The company’s management includes V Sriraman, Habib Hussain, AD Bopana, P Shankar, Raghu Bhale Rao, Dilip Thomas, Lily Thomas, Ajit Thomas. This is listed on the BSE with a BSE Code of , NSE with an NSE Symbol of and ISIN of . It’s Registered office is at W-21/674,Beach Road, Alleppey-688012, Kerala. Their Registrars are ACC Ltd. It’s auditors are Suri & Co.

Promoters And Management:

1. Mr. Ajit Thomas (Executive Chairman) 2. Mr. Dilip Thomas (Executive Vice – Chairman) 3. Mr. P. Shankar I.A.S. (Retd.) 4. Mr. A. D. Bopana 5. Mr. Habib Hussain 6. Mr. F.S.Mohan Eddy
Financials of A V Thomas & Co. Limited Unlisted Shares:

Consolidated Financials (in Lakhs) A) Revenue, PAT and EPS Analysis

Year Revenue EBITDA OPM PAT NPM Shares F.V. EPS
2017 66,270 4434 7% 2673 4% 4.70 10 568
2018 77,894 4083 5% 2344 3% 4.70 10 498
2019 85,193 4052 5% 2380 3% 4.70 10 506
2020 90690 12836 14% 9197 10% 4.70 10 1956
2021 94557 5843 6% 3706 4% 4.70 10 805

B) Debt, Net-worth and ROCE Analysis

Year Long-Term Debt Short-Term Debt Total Debt NW Debt/NW RONW ROCE
2017 0 0 0 17,550 0 15% 25%
2018 0 0 0 18,906 0 12% 21%
2019 750 0 750 20,407 0.04 12% 19%
2020 773 0 773 24,934 0.07 36% 36%
2021 585 3414 3999 26,892 0.15 14% 13%

C) Current Ratio, debtor days and  Free Cash Flow Analysis

Year CA CL Current Ratio Receivable Days CFO Capital Exp. FCF
2017 16,272 4,687 3.47 19 2,757 355 2,402
2018 18,455 7,085 2.60 18 1,759 379 1,380
2019 17,781 6,646 2.68 15 750 1,399 -649
2020 28429 9343 3.04 14 381 1032 -650
2021 29437 10060 2.93 14 38 730 -692

History of Dividends

Year Dividend paid
2009 100
2010 150
2011 100
2012 100
2013 150
2014 150
2015 150
2016 150
2017 150
2018 150
2019 75
2020 200+ 800 Special dividend

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A V Thomas and Company Limited Unlisted Shares – Company Overview

A V THOMAS AND COMPANY LIMITED were established in 1935 with their primary business being Manufacturing, Trading, and Exports. Consumer products division, Exports, Trading, Logistics, and services are the main divisions of the company. AV Thomas and Company Limited is a part of ‘The A.V.T. Group of Companies. The group has a presence in various businesses including tea, coffee, spices, rubber, food ingredients, leather goods, natural extracts, shipping & warehousing, medical appliances, etc.

Consumer Products Division of A V Thomas and Company Limited includes Packed Tea, Coffee, and Premix of tea and coffee segment including the sale of tea and coffee in packet, bulk, or value-added forms.

The company manufactures roofing materials and aluminum & other related accessories. The trade segment of the company involves trading in premix of tea & coffee, cardamom, dairy products, and vending machines.

The Services division of the company includes logistics and C&F-related services.

The company is operating in Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Orissa.

The company is the owner of ‘AVT Premium’, which is the second-largest-selling dust tea brand in India.

A V Thomas Share Price, Share Details as of March 31,2022                                                                                                                  

A V Thomas Outstanding Shares Including: 470,200
Face Value of A V Thomas Share: Rs. 10 Per Equity Share
ISIN of A V Thomas Share: INE944K01010
Lot Size of A V Thomas Share: 100 Shares
A V Thomas Share Price: Best in Industry
PAN Number of A V Thomas: AABCA8810G

A V Thomas Incorporation Details 

A V Thomas CIN Number U51109KL1935PLC000024
A V Thomas Registration Date 21-Jan-35
Category / Sub-Category of A V ThomasSolution Company Limited by Shares
A V ThomasSolution Registered Office Address W 21/674, Beach Road,Alleppey, Kerala – 688012

A V Thomas and Company Limited Principal Business Activities

Name and Description of main products/services NIC Code of the product/service % to the total turnover of the Company
Packed Tea 10791 69.00%
Aluminum Sheets 24202 8.00%
GI Sheets 24109 14%

A V Thomas and Company Limited Board of Directors

Mr. Ajit Thomas (Executive Chairman)

Mr. Dilip Thomas (Executive Vice – Chairman)

Mr. P. Shankar I.A.S. (Retd.)

Mr. A. D. Bopana

Mr. Habib Hussain

Mr. F.S.Mohan Eddy

Mrs. Kavitha Vijay

A V Thomas and Company Particulars of Associate Companies

Name of the Company % of shares held
AVT Gavia Foods PrivateLimited 50.00%
A V Thomas InvestmentsCompany Limited 48.77%

A V Thomas and Company Limited Shareholding Pattern (As of 31-03-2021)

Category

Total no. of Shares

% of Shares held

Promoters

390487

85.05%

Public

68665

14.95%

Total

459152

100%

Industry Outlook

India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. India attained the highest exports of Tea in the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Assam is the largest tea-producing state of India followed by West Bengal. South India accounts for 1/5th of the industry.

Coming to the Construction Industry, The construction industry was one of the worst affected industries because of COVID 19 pandemic and subsequent lockdowns in 2020. The Industry fell by 12.4% in 2020. However, it is expected to grow by 13% in 2021. Moreover, the government spending on infrastructure has pushed up the sector in the last quarter of FY 2021. For FY 2020, the Government of India has allocated Rs. 5.5 Trillion for capital expenditure. The industry’s growth will be supported by the Government’s plan to increase the stock of affordable housing units for low and middle-income people under the ‘Housing for All’ program by 2022. This will in turn increase the demand for roofing and related activities.

A.V. Thomas And Company Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Assets

 

 

Non-current assets

 

 

Property, Plant and Equipment

36,76.38

37,75.67

Capital work-in-progress

50.2

50.2

Investment Property

37.64

39.45

Right-of-use assets

7,84.11

9,70.09

Other Intangible Assets

1,42.33

1,21.68

Investments

19,52.79

40,47.17

Other financial assets

1,11.25

95.05

Deferred tax assets (net)

2,28.50

1,55.82

Other non-current assets

2,07.06

2,53.78

Current assets

 

 

Inventories

139,96.79

135,82.92

Investments

124,47.55

89,06.59

Trade receivables

34,01.95

31,48.16

Cash and cash equivalents

15,96.70

14,28.72

Bank balances

60.86

53.49

Loans

25,36.42

38.73

Other financial assets

69.12

68.27

Current tax assets (net)

47.58

Other current assets

13,19.84

21,36.71

Total Assets

426,67.07

388,72.50

Equity and Liabilities

 

 

Equity

 

 

Equity Share Capital

45.65

45.92

Other Equity

360,05.51

323,96.03

Total equity

360,51.16

324,41.95

Liabilities

 

 

Non-current liabilities

 

 

Lease liabilities

4,49.79

5,93.16

Provisions

2,77.06

2,92.00

Current liabilities

 

 

Lease liabilities

2,51.59

2,76.41

Trade Payables

2,19.13

2,61.47

Other financial liabilities

7.51

11.5

Other current liabilities

9,59.61

7,26.52

Provisions

12,23.87

12,68.71

Current tax liabilities (net)

1,65.75

Total liabilities

66,15.92

64,30.55

Total equity and liabilities

426,67.07

388,72.50

A.V. Thomas And Company Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Revenue from operations

107913.37

102166.11

Other Income

1549.93

789.21

Total income

109463.30

102955.32

Expenses

 

 

Cost of materials consumed

70626.74

66135.8

Purchases of Stock-in-Trade

11837.82

12132.37

Changes in inventories of finished goods and stock in trade

-639.49

73.86

Manufacturing Expenses

2766.38

2358.87

Employee benefits expense

4507.26

4221.29

Finance costs

153.94

211.7

Depreciation and amortisation expense

931.73

837.74

Selling Expenses

8394.04

8170.46

Other expenses

2183.95

1945.44

Total expenses

100762.37

96087.53

Profit/(loss) before tax

8700.93

6867.79

Share of net profit/(Loss) of associates and joint ventures accounted for using equity method

-84.69

-28.84

Profit Before Tax

8616.24

6838.95

Current tax

2052.11

1850

Deferred tax

187.56

-48.52

Profit (Loss) for the year

6376.57

5037.47

Equity instruments through other comprehensive income

-1137.39

12.88

Remeasurement of the defined benefit plans

-8.39

-6.8

Share of other comprehensive income of associates and joint ventures accounted for using the equity method

67.75

16.31

Income tax relating to items that will not be reclassified to profit or loss

262.35

-1.53

Total other comprehensive income / (loss), net of tax

-815.68

20.86

Total Comprehensive Income for the year

5560.9

5058.33

Earnings per equity share (in Rs.)

 

 

Basic

1388.84

1082.78

Diluted

1388.84

1082.78

A.V. Thomas And Company Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

CASH FLOW FROM OPERATING ACTIVITIES

 

 

Net Profit Before Tax and Extraordinary Items

8700.93

6867.69

Adjustments for:

 

 

Depreciation and amortisation

931.73

837.74

(Profit)/ Loss on Sale of Investments

-364.6

-248.66

(Profit)/ Loss on Sale of PPE

-61.35

-60.97

Allowance for credit impairment

1.43

Interest / Dividend Received

-44.41

-29.51

Unrealised Exchange gain fluctuation

-8.72

-5.47

Interest Expense

153.94

2.12

Provision for Inventory

33.25

1.28

Adjustment for fair valuation of leases

87.33

56.72

Repayment of Lease Liability

-443.65

-293.19

Interest income on financial assets measured at amortised cost

-45.95

-5.71

Fair Value of investments recognised in P&L account

-770.41

-207.54

Operating Profit before Working Capital Changes

8169.52

7124.18

Adjustments for:

 

 

Trade Receivables

-246.5

655.8

Inventories

447.12

-686.74

Trade Payables

739.99

-699.44

Other current liabilities

233.09

-325.05

Increase in Provision

-68.17

-44.96

Reversal of Accrued Income

-0.85

34.84

Decrease in loans

2.31

-2.51

Other current assets

840.02

-341.81

Cash Generated from Operations

9222.29

5714.31

Direct Taxes Paid

-2263.33

-1756.95

Net Cash from Operating Activities

6958.96

3957.36

CASH FLOW FROM INVESTING ACTIVITIES

 

 

Sales of PPE

154.2

68.02

Purchase of PPE

-570.01

-458.95

Interest / Dividend Received

90.36

35.22

Purchase of Investments

-9952.36

-9856.09

Inter-Corporate Loan

-2500

Sale of Investments

8496.45

9635.91

Net Cash from Investing Activities

-4291.36

-575.89

CASH FLOW FROM FINANCING ACTIVITIES

 

 

Term Loan

-390

-195

Interest Paid

-153.94

-211.7

Buy Back of shares (including tax)

-574.23

-1795.53

Dividend Paid

-1381.45

-1474.51

Net Increase in Cash and Cash Equivalents

167.98

-295.27

Cash and Cash Equivalents as at beginning of the period

1428.72

1723.99

Cash and Cash Equivalents as at end of the period

1596.7

1428.72

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

Net Profit Before Tax and Extraordinary Items

31-03-2024: 8700.93 / 31-03-2023: 6867.69 The company reported a higher net profit before tax and extraordinary items in 2024, indicating improved profitability.

Adjustments for Non-Cash Items and Other Items

Depreciation and Amortisation

31-03-2024: 931.73 / 31-03-2023: 837.74 Depreciation and amortization expenses increased, suggesting higher capital expenditure on assets.

(Profit)/Loss on Sale of Investments

31-03-2024: -364.6 / 31-03-2023: -248.66 The profit on the sale of investments increased, contributing positively to cash flow.

(Profit)/Loss on Sale of PPE

31-03-2024: -61.35 / 31-03-2023: -60.97 The profit on the sale of property, plant, and equipment remained relatively constant.

Allowance for Credit Impairment

31-03-2024: 1.43 / 31-03-2023: – An allowance for credit impairment was recognized in 2024, impacting cash flow negatively.

Interest / Dividend Received

31-03-2024: -44.41 / 31-03-2023: -29.51 Interest and dividend received increased, contributing positively to cash flow.

Unrealised Exchange Gain Fluctuation

31-03-2024: -8.72 / 31-03-2023: -5.47 Unrealized exchange gains increased, impacting cash flow positively.

Interest Expense

31-03-2024: 153.94 / 31-03-2023: 2.12 Interest expense increased significantly in 2024.

Provision for Inventory

31-03-2024: 33.25 / 31-03-2023: 1.28 Provision for inventory increased, indicating higher inventory adjustments.

Adjustment for Fair Valuation of Leases

31-03-2024: 87.33 / 31-03-2023: 56.72 Fair valuation adjustments for leases increased, impacting cash flow positively.

Repayment of Lease Liability

31-03-2024: -443.65 / 31-03-2023: -293.19 Repayment of lease liabilities increased, impacting cash flow negatively.

Interest Income on Financial Assets Measured at Amortised Cost

31-03-2024: -45.95 / 31-03-2023: -5.71 Interest income increased, contributing positively to cash flow.

Fair Value of Investments Recognised in P&L Account

31-03-2024: -770.41 / 31-03-2023: -207.54 Fair value adjustments for investments increased, impacting cash flow positively.

Operating Profit Before Working Capital Changes

31-03-2024: 8169.52 / 31-03-2023: 7124.18 The operating profit before working capital changes was higher in 2024, indicating improved operational efficiency.

Adjustments for Changes in Working Capital

Trade Receivables

31-03-2024: -246.5 / 31-03-2023: 655.8 Trade receivables decreased in 2024 compared to an increase in 2023, indicating improved collections.

Inventories

31-03-2024: 447.12 / 31-03-2023: -686.74 Inventories decreased in 2024, contributing positively to cash flow.

Trade Payables

31-03-2024: 739.99 / 31-03-2023: -699.44 Trade payables increased significantly in 2024, impacting cash flow positively.

Other Current Liabilities

31-03-2024: 233.09 / 31-03-2023: -325.05 Other current liabilities increased in 2024, contributing positively to cash flow.

Increase in Provision

31-03-2024: -68.17 / 31-03-2023: -44.96 Provisions decreased in 2024, impacting cash flow negatively.

Reversal of Accrued Income

31-03-2024: -0.85 / 31-03-2023: 34.84 Reversal of accrued income impacted cash flow negatively in 2024.

Decrease in Loans

31-03-2024: 2.31 / 31-03-2023: -2.51 Loans decreased in 2024, contributing positively to cash flow.

Other Current Assets

31-03-2024: 840.02 / 31-03-2023: -341.81 Other current assets decreased significantly in 2024, contributing positively to cash flow.

Cash Generated from Operations

31-03-2024: 9222.29 / 31-03-2023: 5714.31 Cash generated from operations was significantly higher in 2024.

Direct Taxes Paid

31-03-2024: -2263.33 / 31-03-2023: -1756.95 Direct taxes paid increased in 2024.

Net Cash from Operating Activities

31-03-2024: 6958.96 / 31-03-2023: 3957.36 Net cash from operating activities was substantially higher in 2024, reflecting improved operational performance.

Cash Flow from Investing Activities

Sales of PPE

31-03-2024: 154.2 / 31-03-2023: 68.02 Proceeds from the sale of property, plant, and equipment increased in 2024.

Purchase of PPE

31-03-2024: -570.01 / 31-03-2023: -458.95 Purchases of property, plant, and equipment increased in 2024.

Interest / Dividend Received

31-03-2024: 90.36 / 31-03-2023: 35.22 Interest and dividend income increased significantly in 2024.

Purchase of Investments

31-03-2024: -9952.36 / 31-03-2023: -9856.09 Purchases of investments increased slightly in 2024.

Inter-Corporate Loan

31-03-2024: -2500 / 31-03-2023: – An inter-corporate loan was made in 2024, impacting cash flow negatively.

Sale of Investments

31-03-2024: 8496.45 / 31-03-2023: 9635.91 Proceeds from the sale of investments decreased in 2024.

Net Cash from Investing Activities

31-03-2024: -4291.36 / 31-03-2023: -575.89 Net cash used in investing activities was significantly higher in 2024, indicating increased investment activity.

Cash Flow from Financing Activities

Term Loan

31-03-2024: -390 / 31-03-2023: -195 Repayment of term loans increased in 2024.

Interest Paid

31-03-2024: -153.94 / 31-03-2023: -211.7 Interest paid decreased in 2024.

Buy Back of Shares (Including Tax)

31-03-2024: -574.23 / 31-03-2023: -1795.53 Expenditure on share buybacks decreased significantly in 2024.

Dividend Paid

31-03-2024: -1381.45 / 31-03-2023: -1474.51 Dividend payments decreased in 2024.

Net Cash from Financing Activities

31-03-2024: -50.56 / 31-03-2023: -49.78 Net cash outflow from financing activities was slightly higher in 2024.

Net Increase/Decrease in Cash and Cash Equivalents

Net Increase/(Decrease) in Cash and Cash Equivalents

31-03-2024: 167.98 / 31-03-2023: -295.27 There was a net increase in cash and cash equivalents in 2024 compared to a decrease in 2023.

Financial Ratios of A.V. Thomas And Company Limited

Particulars

2024

2023

Current Ratio (in times)

6.02

5.3

Debt Equity Ratio (in times)

0.02

0.04

Debt Service Coverage Ratio (in times)

79.88

44.17

Return on Equity Ratio (in %)

24.93%

21.36%

Inventory Turnover Ratio (in times)

6.13

6.1

Trade Receivable Turnover Ratio (in times)

32.93

29.4

Trade Payable Turnover Ratio (in times)

53.88

51.67

Net Capital Turnover Ratio (in times)

4.04

4.48

Net Profit Ratio (in %)

5.99%

4.96%

Return on Capital Employed Ratio (in %)

23.67%

20.59%

Return on Investment (in %)

0.29%

3.78%

Here is a summary of the financial and operational metrics for A.V. Thomas And Company Limited for the year 2024 & 2023:

Current Ratio (in times)

2024: 6.02

2023: 5.3

Insight: The current ratio has increased from 5.3 to 6.02, indicating improved liquidity and a stronger ability to cover short-term liabilities with short-term assets.

2. Debt Equity Ratio (in times)

2024: 0.02

2023: 0.04

Insight: The debt-equity ratio has decreased from 0.04 to 0.02, reflecting a reduction in the company’s leverage. This suggests a more conservative approach to financing with minimal reliance on debt.

3. Debt Service Coverage Ratio (in times)

2024: 79.88

2023: 44.17

Insight: The debt service coverage ratio has improved significantly from 44.17 to 79.88. This indicates a substantial increase in the company’s ability to service its debt obligations from its earnings.

4. Return on Equity Ratio (in %)

2024: 24.93%

2023: 21.36%

Insight: Return on equity has increased from 21.36% to 24.93%, indicating enhanced profitability and better returns generated for shareholders.

5. Inventory Turnover Ratio (in times)

2024: 6.13

2023: 6.1

Insight: The inventory turnover ratio has remained stable, slightly increasing from 6.1 to 6.13. This suggests consistent efficiency in managing and selling inventory.

6. Trade Receivable Turnover Ratio (in times)

2024: 32.93

2023: 29.4

Insight: The trade receivable turnover ratio has improved from 29.4 to 32.93, indicating faster collection of receivables and improved cash flow management.

7. Trade Payable Turnover Ratio (in times)

2024: 53.88

2023: 51.67

Insight: The trade payable turnover ratio has increased from 51.67 to 53.88, suggesting that the company is paying its suppliers more quickly.

8. Net Capital Turnover Ratio (in times)

2024: 4.04

2023: 4.48

Insight: The net capital turnover ratio has decreased from 4.48 to 4.04, indicating slightly reduced efficiency in using working capital to generate sales.

9. Net Profit Ratio (in %)

2024: 5.99%

2023: 4.96%

Insight: The net profit ratio has improved from 4.96% to 5.99%, reflecting increased profitability and a higher percentage of revenue translating into net profit.

10. Return on Capital Employed Ratio (in %)

2024: 23.67%

2023: 20.59%

Insight: Return on capital employed has increased from 20.59% to 23.67%, indicating improved efficiency in generating returns from the company’s capital.

11. Return on Investment (in %)

2024: 0.29%

2023: 3.78%

Insight: The return on investment has decreased significantly from 3.78% to 0.29%, indicating a notable drop in the returns generated from investments.

Dividend History

Particulars

2024

2023

Dividend Per Share

200

150

Retained Earnings (Rs. In Lakhs)

120,28.11

9,529

A.V. Thomas And Company Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is Rs. 200 & Rs. 150, Dividend per share represents the portion of a company’s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs. 120,28.11 Lakhs, while in 2023, they were Rs. 9,529 Lakhs. Retained earnings represent the portion of a company’s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company’s financial health and performance.

 

 Annual Report- 2019-20

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