Auckland Jute Unlisted Shares
About Auckland Jute Unlisted Shares
Auckland Jute unlisted shares represent ownership in Auckland Jute Co. Limited, a Kolkata-based jute manufacturing pioneer established in 1977. The company operates Auckland Jute Mills, located 35 km from Kolkata, producing high-quality jute goods like Hessian, odorless Tea Bag Cloth, Tarpaulin, Canvas, and food-grade packaging bags. Renowned domestically and internationally, Auckland Jute specializes in innovative jute solutions such as Scrim Cloth and Felt. Despite operational challenges, its financial resilience, driven by robust investments and zero debt, makes it a unique player in India’s jute industry.
Business Segments
Auckland Jute operates in two primary segments:
- Traditional Jute Products:
- Hessian, Sacking Bags (A-Twill for sugar, B-Twill for grains), Tarpaulin, and Canvas Cloth.
- Innovative Jute Solutions:
- Odorless Tea Bag Cloth, Scrim Cloth, Felt, and eco-friendly packaging materials.
Financial Highlights (2023–2024)
- Profit Surge: PAT jumped 30% from ₹119 crore (2023) to ₹155 crore (2024), driven by ₹219 crore other income.
- Margin Expansion: NPM soared from 383.87% (2023) to 775% (2024), albeit revenue-dependent on non-operational gains.
- Investment Growth: Investments rose 7% to ₹2,389 crore (2024), contributing 90%+ of total assets.
- Zero Debt: No borrowings across both years, reducing financial risk.
- Declining Fixed Assets: Fixed assets reduced 11% (₹98 crore to ₹87 crore), indicating limited CAPEX.
- Tax Efficiency: Effective tax rate dropped from 20.67% (2023) to 14.36% (2024), boosting net profits.
Auckland Jute Unlisted Shares Considerations
Auckland Jute unlisted shares appeal to investors seeking exposure to India’s eco-friendly packaging sector. The company’s debt-free status, high reserves, and extraordinary profitability (via investments) mask core operational challenges. Key factors influencing valuation include:
- Core Business Revival: Scaling jute product revenue to reduce reliance on investment income.
- Sustainability Trends: Growing demand for biodegradable jute solutions in packaging and textiles.
- Operational Efficiency: Cutting other expenses (₹38 crore in 2024) to improve EBITDA.
Risks to Monitor:
- Non-Core Dependency: Sustaining PAT requires consistent investment returns, which are market-linked.
- Jute Industry Risks: Competition from synthetic alternatives and raw material price fluctuations.
- Low Liquidity: Unlisted shares may face limited buyer interest due to niche market focus.
Pros
- Debt-Free Operations – Zero borrowings ensure strong financial stability and flexibility.
- High Profit Margins – NPM surged to 775% in 2024, driven by extraordinary other income.
- Strong Reserves – Reserves grew to ₹2,648 crore, supporting long-term sustainability.
Cons
- Revenue Decline – Revenue dropped 35% YoY, indicating demand volatility.
- Operational Losses – Negative EBITDA (-₹28 crore) due to rising other expenses.
- Dependence on Other Income – 100%+ of PBT comes from non-core investment income.
Key Details
| Share Name | Particulars |
|---|---|
| Auckland Jute Co. Limited Unlisted | 120.00 |
| Shares Price | Per Equity Share |
| Lot Size | 200 Shares |
| 52 Week High | ₹ ** |
| 52 Week LoW | ₹ ** |
| Depository | NSDL & CDSL |
| PAN Number | AACCA6099G |
| ISIN Number | ine02uq01019 |
| CIN | U17125WB1991PLC052401 |
| RTA | Niche Technologies |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 32.94 |
| P/E Ratio | 21.24 |
| P/B Ratio | 1.12 |
| Debt to Equity | 0 |
| ROE (%) | 5.3 |
| Book Value | 106.82 |
| EPS | 5.65 |
| Face Value | 10 |
| Total Shares | 2745380 |
Financials
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 20 | 31 | 4704 |
| Cost of Material Consumed | 0 | 0 | 1193 |
| Gross Margins | 100 | 100 | 74.64 |
| Change in Inventory | 0 | 0 | 255 |
| Employee Benefit Expenses | 10 | 11 | 1158 |
| Other Expenses | 38 | 22 | 1374 |
| EBITDA | -28 | -2 | 724 |
| OPM | -140 | -6.45 | 15.39 |
| Other Income | 219 | 162 | 337 |
| Finance Cost | 0 | 0 | 63 |
| D&A | 10 | 10 | 116 |
| EBIT | -38 | -12 | 608 |
| EBIT Margins | -190 | -38.71 | 12.93 |
| PBT | 181 | 150 | 883 |
| PBT Margins | 905 | 483.87 | 18.77 |
| Tax | 26 | 31 | 252 |
| PAT | 155 | 119 | 631 |
| NPM | 775 | 383.87 | 13.41 |
| EPS | 5.65 | 4.34 | 22.9 |
| Ratio | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 3% | 2% | 2% |
| Net Profit Margin | 3% | 1% | 2% |
| Return on Eqyity | 8% | 5% | 6% |
| Debt-Equity | 0.09 | 0.1 | 0.3 |
| Current Ratio | 3.21 | 2.85 | 2.97 |
| Dividend Payout | 0% | 0% | 0% |
| Company | AUCKLAND INTERNATIONAL LTD | GARWARE TECHNICAL FIBRES LTD | MONTE CARLO FASHIONS LTD |
|---|---|---|---|
| Market Cap (₹ Crores) | 60 | 8056 | 1751 |
| Profitability Margin (%) | 2.16% | 16% | 6% |
| ROCE (%) | 10.78% | 23% | 11% |
| ROE (%) | 6.87% | 19% | 8% |
| D/E Ratio | 0.09 | 0.1 | 0.48 |
| P/E Ratio | 13.74 | 38 | 29.5 |
| P/B Ratio | 0.94 | 6.69 | 2.18 |
| Book Value per Share (₹) | 153.57 | 605 | 384 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 87 | 98 | 1305 |
| CWIP | 0 | 0 | 0 |
| Investments | 2389 | 2235 | 38 |
| Trade Receivables | 0 | 0 | 1232 |
| Inventory | 0 | 0 | 1534 |
| Other Assets | 495 | 493 | 1168 |
| Total Assets | 2971 | 2826 | 5277 |
| 2022 | 2023 | 2024 | Liabilities |
|---|---|---|---|
| 275.5 | 274.5 | 274.5 | Share Capital |
| 10 | 10 | 10 | FV |
| 3235 | 2492 | 2648 | Reserves |
| 205 | 0 | 0 | Borrowings |
| 312 | 0 | 0 | Trade Payables |
| 1249.5 | 59.5 | 48.5 | Other Liabilities |
| 5277 | 2826 | 2971 | Total Liabilities |
