Although the company registered an increase of 15.11% in the sales volume by achieving a sales volume of 39.23 lacs kgs of tea as compared to 34.07 lacs kgs in the previous year, the total revenue of the company took a little dip and decreased by -5.71% in FY22 as compared to FY21. This happened as the demand for the product didn't increase by that much and therefore company's unsold inventory saw a substantial increment of 32% in FY22 as compared to FY21. 

The y-o-y revenue growth rate of the past 6 years has shown a positive pace of 9.58% which mostly has been derived from the core operations of the company but due to Covid-19, sales of the company took a hit for a couple of years but then it bounced back to its pre-covid level. The company derived 100% of this revenue from its sales in the domestic market. It is because the company has its estate that is sprawled over an area of approx 1000 acres and their teas are well marketed through auctions as well as through our own distribution network and retail stores.

Net profit decreased by -23% in FY22 as compared to FY21. Though it is worth noting that, unlike in FY22, in FY21 there was a reduction in the tax liability due to the carry forward of tax losses, the main factor that affected the net profits negatively is the decrease in revenues of the company. However, if we look at the past 6-year trend, the net profit has increased by 10.38%, which is rewarding looking at the industry average of -1.94%. 

Although the sales bounced back to the pre-covid level, but the manufacturing cost of the company has increased at a much faster pace during this time.

Because the number of shares has remained constant for the past 6 years, the company's EPS has shown a shift in proportion with the shifting trend in its net profit.

There has been a growing trend of 12.12% in the shareholder's equity y-o-y from FY15 to FY22 as the company increased its reserves and surplus continuously during the same period and there has been no new issue of shares during this time.

Due to changes in inventories of finished goods, the company's operating expenses went down by -8.21% in FY22 compared to FY2021. But since the revenue generated in FY22 was also a little less y-o-y, EBITDA also went down proportionately. But the y-o-y growth from 2017 to 2022 has shown an upward trend of 11.56%.

The operating profit of the company went down by -8.16% in FY22, mainly due to a decline in revenues in FY22 as compared to FY21 and marginally due to an increase in the depreciation expense incurred during the year as the company purchased new buildings, and plant and equipment worth around 8.9Cr and 4.8Cr respectively.

The company's total assets increased by 0.84%  y-o-y in FY22 over FY21. The company has been consistently investing in its fixed asset requirements and therefore the overall y-o-y growth in the assets of the company from 2017 has been consistent with the annual growth rate of 5.6%.

In FY22, the operational cashflow of the company saw an astounding jump of 1,359% as the company was able to convert a huge chunk of its receivables into cash.