Assam Company (India) (Delisted) share price

BSE: 500024

Assam Company (India) Limited · Formerly Assam Company · Face value ₹1 · Listed Apr 1979

Last traded ₹0.60 on 29 Oct 2019

Delisted on 20 Jan 2020.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Jan 2020

  2. Nov 2019

  3. Oct 2019

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Q1 results, quarter to Jun 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹23 Cr−24.5% on a year ago · +23.7% on the quarter before
Operating profit
−₹8.92 Cr
Net profit
−₹11 Cr
Earnings per share
−₹0.36
Operating margin
−38.8%
Net margin
−48.2%

From revenue to net profit, ₹ crore

  1. Revenue23
  2. Materials and goods+32
  3. Employee costs−49
  4. Other expenses−16
  5. Operating profit−8.9
  6. Depreciation−2.4
  7. Other income+0.4
  8. Finance costs−0.2
  9. Profit before tax−11
  10. Tax0.0
  11. Net profit−11

Assam Company (India) results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2019. Results for the quarter to Sep 2019 were due by 14 Nov 2019, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
8515Sep 1672−16Dec 1624−50Mar 1732−21Jun 17562.7Sep 1764−24Dec 1711−736Mar 1830−43Jun 187836Sep 1852383Dec 1819−478Mar 1923−11Jun 19
Peak revenue ₹85 Cr, quarter to Sep 2016; lowest ₹11 Cr, quarter to Mar 2018A loss in 8 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
736.6%−7,038.6%−151.1%−33.4%27.0%−16.7%−7,038.6%−119.8%30.6%11.2%−367.9%−38.8%18.2%−22.8%−210.9%−67.5%4.9%−37.6%−6,983.1%−142.7%45.9%736.6%−2,569.9%−48.2%Sep 16Mar 17Sep 17Mar 18Sep 18Mar 19Jun 19
₹ croreSep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1
Revenue from operations81922732991061336857224325664113078521923
44–––––––––594241757536754468732
Materials and goods bought–––––––––––––––−18−121315−32
Employee costs–––––––––––––––4951314149
Other expenses–––––––––––––––361523016
Operating profit before depreciation37–––––––––−36−1115−11−742−37246−68−9
Operating margin45.8%–––––––––−151.1%−33.4%27.0%−16.7%−7,038.6%−119.8%30.6%11.2%−367.9%−38.8%
Depreciation and amortisation1–––––––––2344133312
Other income–9–0−1242–10–1101895402−4050
Finance costs141511151110111089889101513−102230
One-off items–––––––––––––––00000
Profit before tax2212−42−123628−63−2015−16−46−213−24−740−4336383−478−11
Tax–4––––––––4–––−400000
Tax rate–30.3%––––––––––––––0.0%0.0%––
Net profit228−42−123628−63−2015−16−50−213−24−736−4336383−478−11
Other comprehensive income–––––––––––––––111−2−2
Total comprehensive income–––––––––––––––−4237385−480−13
Net margin27.6%9.1%−156.1%−38.7%36.4%25.9%−470.8%−55.8%18.2%−22.8%−210.9%−67.5%4.9%−37.6%−6,983.1%−142.7%45.9%736.6%−2,569.9%−48.2%
Earnings per share₹0.73₹0.27−₹1.35−₹0.40₹1.17₹0.89−₹2.03−₹0.65₹0.50−₹0.53−₹1.61−₹0.69₹0.09−₹0.78−₹23.77−₹1.40₹1.16₹12.38−₹15.42−₹0.36
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Dec 2014, the company's revenue for the year to Dec 2014, ₹229 Cr, differs from its quarters added, ₹243 Cr.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December, then March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
23320Dec 092329.9Dec 1028619Dec 1127220Dec 122487.6Dec 132291.2Dec 14Mar 16216−71Mar 17162−779Mar 18179−1020Mar 19
A loss in 3 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
31.4%−480.4%25.0%22.1%13.0%30.8%31.4%−8.7%−461.5%−41.9%8.6%4.3%6.5%7.4%3.0%0.5%−32.7%−480.4%−56.7%Dec 09Dec 11Dec 13Mar 16Mar 18Mar 19

The company moved its year end from December to March: its last year to December on record ended in Dec 2014, its first year to March in Mar 2017.

The years either side of a change of basis do not compare. From the year to Dec 2013, the company's revenue for that year, ₹248 Cr, differs from its quarters added, ₹236 Cr. From the year to Dec 2014, the company's revenue for that year, ₹229 Cr, differs from its quarters added, ₹243 Cr.

Results for the year to Mar 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue179
  2. Materials and goods+1.8
  3. Employee costs−176
  4. Other expenses−80
  5. Operating profit−75
  6. Depreciation−9.7
  7. Other income+11
  8. One-off items0.0
  9. Finance costs−28
  10. Profit before tax−102
  11. Tax0.0
  12. Net profit−102

What the company owns

  • Plant, investments and other assets₹1,021 Cr
  • Cash and bank₹17 Cr
  • Inventory₹13 Cr
  • Receivables₹13 Cr

What pays for it: net worth and liabilities

  • Other liabilities₹1,005 Cr
  • Owed to suppliers₹61 Cr

Profit and loss

Standalone, ₹ crore, years to December, then March. No results on record for the year to Mar 2016. The last column is the twelve months to Jun 2019, the latest four quarters added.

₹ croreDec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Jun 2019Twelve months
Revenue from operations233232286272248229–216162179172
175180249188170––235910254219
Materials and goods bought1378––––––−2−16
Employee costs–––––––––176172
Other expenses–––––––––8064
Operating profit before depreciation5851378478––−19−748−75−48
Operating margin25.0%22.1%13.0%30.8%31.4%––−8.7%−461.5%−41.9%−27.7%
Materials, % of revenue–––––––––−1.0%−9.5%
Employee costs, % of revenue–––––––––98.2%100.1%
Other expenses, % of revenue–––––––––44.7%37.1%
Depreciation and amortisation1211876––1312109
Operating profit after depreciation4640297772––−32−761−85−57
Other income–––––23––20113
Finance costs256496162–35422816
Profit before one-off items and tax44352327115–−67−783−102−69
One-off items−20−21220––––00
Profit before tax24142529115–−67−783−102−69
Tax446944–4−400
Net profit2010192081–−71−779−102−69
Other comprehensive income–––––––––−6−1
Total comprehensive income–––––––––−108−70
Net margin8.6%4.3%6.5%7.4%3.0%0.5%–−32.7%−480.4%−56.7%−40.3%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Dec 2009, Dec 2010, Dec 2011, Dec 2012, Dec 2013, Mar 2017 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Dec 2014: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 December, then 31 March.

₹ croreMar 2019
−205
Share capital31
Reserves−236
Borrowings0
141
1,129
Total assets1,065
727
338
Net debt−17
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Dec 2009, Dec 2010, Dec 2011, Dec 2012, Dec 2013, Dec 2014, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to December, then March.

₹ per shareDec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share₹0.65₹0.24₹0.04–−₹2.29−₹25.15−₹3.28
Diluted earnings per share₹0.65₹0.24₹0.04–−₹2.29−₹25.15−₹3.28
Book value per share––––––−₹6.63
Market cap at the year end (₹ crore)164163167–243–65

Ratios

Standalone, years to December, then March.

RatioDec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth20.9%−0.7%23.7%−5.1%––––−25.1%10.6%
Operating profit growth14.2%−12.5%−27.1%124.8%––––––
Net profit growth–−50.9%88.0%8.8%–−84.4%––––
Earnings per share growth–––––−83.3%––––
Return on equity–––––––––49.5%
Interest cover19.98.54.71.61.2–––––
Receivable days–––––––––27
Inventory days–––––––––−2,727
Payable days–––––––––−12,414
Cash conversion cycle, days–––––––––9,714
Working capital days–––––––––365
Asset turnover–––––––––0.17
Assets per rupee of net worth–––––––––−5.19
Sales per rupee of plant–––––––––0.63
Plant being built, % of plant in use–––––––––125.5%
Revenue growth, operating profit growth, net profit growth and earnings per share growth are left blank for the year to Dec 2013: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Revenue growth is left blank for the year to Dec 2014: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, Mar 2018 and Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the year to Mar 2019: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Dec 2009, Dec 2010, Dec 2011, Dec 2012, Dec 2013, Dec 2014, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Return on assets, latest year
−9.5%
Measure3 years
Operating margin, average−170.7%
Net margin, average−189.9%

Accounting checks

Standalone, years to December, then March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckDec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1–––––––––−0.15
Effective tax ratePublished threshold 17.16 per cent17.0828.2024.5429.8332.6875.54––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

One segment, Plantation, carries all the revenue in the year to Mar 2019.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−48.8%––0.0%
3 years−25.4%––0.0%
5 years−14.7%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Assam Company (India) share price by year

Each calendar year to 2019.

YearClose at year endChangeHighest closeLowest close
20190.60−72.1%2.800.45
20182.15−63.9%6.051.65
20175.95+16.7%8.954.00
20165.10−17.7%7.854.25
20156.20+14.8%6.202.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 29 Oct 2019.

Recent sessions

The 10 trading days to 29 Oct 2019, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
29 Oct 20190.550.600.500.600.562,24,127
27 Oct 20190.500.550.500.550.5562,133
25 Oct 20190.450.500.450.500.501,79,365
24 Oct 20190.450.500.450.450.484,51,452
23 Oct 20190.450.550.450.450.463,51,489
22 Oct 20190.400.500.400.500.473,37,827
18 Oct 20190.450.500.450.450.462,47,282
17 Oct 20190.500.500.500.500.501,16,224
16 Oct 20190.500.550.450.550.502,43,389
15 Oct 20190.550.550.450.500.502,14,979
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
23 Aug 2017Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
500024
ISIN
INE442A01024
Former symbols
ASSAMCO
CIN
L01132AS1977PLC001685
Corporate identity number, the registrar of companies' code for it
Incorporated
1977
Registered office
Greenwood Tea Estate, P. O. Dibrugarh, 786001, Assam
Share registrar
C B Management Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments