Tata Coffee Limited, a subsidiary of Tata Tea has announced its Q4 FY 2019 numbers today. The Company reported a Profit after Tax (PAT) of INR 71.58 Cr compared to INR 62.76 Cr of the previous year, registering a growth of 14.05% Y-O-Y basis.
Total Income for the company (standalone basis) for the financial year ended 31st March 2019 stood at INR 756.83 Cr as against INR 761.66 Cr a period year ago, showing a minor de-growth Y-O-Y basis.
Total Income for the current quarter stood at INR 212.09 Cr compared to INR 206.91 Cr for the corresponding quarter of the previous year, a growth of 2.50% Q-O-Q basis.
The PAT for the current quarter ended March 31 2019, stood at INR 12.19 Cr compared to INR 3.91 Cr for the same quarter of the previous year, a growth of more than 211 percent Q-O-Q basis. Year on year Profit of the company grew 14.05 percent.
The Board of Directors of the company have recommended a dividend of INR 1.50 per share (face value of Re. 1/- each) for the year ended 31st March 2019.
About Tata Coffee
Tata Coffee is a coffee company owned by the Tata Global Beverages, a subsidiary of Tata Group. Tata Coffee is the largest integrated coffee plantation company in the world.
tata coffee subsidiaries include Alliance Coffee Limited, Consolidated Coffee Inc (USA), Eight O Clock Holdings Inc (USA), and Eight O Clock Coffee Company (USA)
History: Tracing its roots to 1922, Tata Coffee is one of the largest integrated Coffee cultivation and processing companies in the world and the largest corporate producer of Indian Origin Pepper.
Products: With the utmost emphasis on sustainability and traceability, Tata Coffee produces some of the finest Indian Origin Green Coffee Bean, Instant Coffee, Pepper, and Tea.
Estates: Being one of the leading players in the B2B Instant Coffee industry, Tata Coffee estates (19 estates are spread over nearly 8000 hectares in the lush Western Ghats) include plants at Toopran (Telangana) and Theni (Tamil Nadu). Company’s third plant, tata coffee vietnam becoming operational from 2019, it is a 5000 MT/annum freeze-dried plant based on eco-friendly technology.
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Stock Price Movement
The stock ended nearly 0.75% or 70 paise lower to INR 92.20 on NSE when the market closed on Thursday! During the quarter ended 31st March 2019, the share prices of Tata Coffee has made a low of INR 80.55 and high of INR 90.65
Tata Coffee on Technical Charts
tata coffee price is trading 8.82% lower when compared to its 200 EMA (100.90) and trading just above its 50 EMA (91)
Average Return
The stock has given 7% negative returns over the past 6 months and delivered 20.18% negative returns over the last 12 months.
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Tata Coffee current market cap is more than INR 1700 Cr and trading at a PE ratio of 26.50
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