AV Thomas & Co. Ltd.
Company Overview
AV Thomas & Co. Ltd, established in 1935, is engaged in trading, manufacturing, and exports. The company operates in various divisions, including Consumer Products (offering tea, coffee, and premixes), Trading (dealing in cardamom, tea, coffee, vending machines, and dairy products), Manufacturing (producing roofing materials and aluminum-related accessories), and Services (logistics and C&F activities).
Their flagship tea brand, “AVT Premium,” is a significant player in the Indian tea market. The company is the fourth-largest in terms of sales nationwide and has received ISO 22000: 2005 certification for its tea and coffee packing units. Financially, AV Thomas & Co. Ltd has two subsidiaries: AVT Gavia Foods Private Limited and A V Thomas Investments Company Limited. In 2018-19, despite challenges, the Consumer Products Division saw a 10% volume growth. AVT maintained its market leadership in Kerala and Tamil Nadu. The Trading Division’s sales turnover increased, and the Logistics Division faced challenges due to market conditions. The Dairy Division showed good volume growth. In 2019-20, the Consumer Products Division reported a 4% volume growth, maintaining its market leadership in Kerala. The Roofing Division faced challenges due to the construction industry downturn.
Promoters & Managements
Name | Designation | ||
|---|---|---|---|
| Shri R. Baskaran | Chairman & MD | ||
| B. Anandkumar | Joint Managing Director |
Fundamentals
Balance Sheet
Assets | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fixed Assets | 4018.49 | 3924.98 | 3775.67 |
| CWIP | 42.01 | 0 | 50.2 |
| Investments | 9582.01 | 12313.83 | 12993.21 |
| Trade Receivables | 3683.05 | 3798.49 | 3148.16 |
| Inventory | 16619.76 | 12897.46 | 13582.92 |
| Other Assets | 3176.5 | 4737.38 | 5322.34 |
Total Assets | 37121.82 | 37672.14 | 38872.5 |
P&L Statement
P&L Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue | 6201 | 9499 | 12650 |
| Cost of Material Consumed | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 |
| Employee Benefit Expenses | 479 | 689 | 366 |
| Other Expenses | 1004 | 1740 | 1859 |
| EBITDA | 4141 | 6500 | 9631 |
| OPM | 73.63 | 72.8 | 81.23 |
| Other Income | 577 | 570 | 794 |
| Finance Cost | 0 | 0 | 0 |
| D&A | 226 | 338 | 384 |
| EBIT | 3915 | 6162 | 9247 |
| EBIT Margins | 69.61 | 69.01 | 77.99 |
| PBT (%) | 4464 | 6912 | 10041 |
| PBT Margins | 79.37 | 77.41 | 84.69 |
| Tax | 891 | 1714 | 2540 |
| PAT | 3573 | 5198 | 7501 |
| NPM | 63.53 | 58.21 | 63.27 |
| EPS | 72.18 | 105.01 | 151.54 |
Cash Flow
Cash-Flow Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| PBT | 4464 | 6912 | 9913 |
| OPBWC | 2143 | 6306 | 9314 |
| Change in Receivables | -357 | -646 | -216 |
| Change in Inventories | 0 | 0 | 0 |
| Change in Payables | 74 | 108 | 54 |
| Other Changes | 1906 | 1686 | -5059 |
| Working Capital Change | 1623 | 1148 | -5221 |
| Cash Generated From Operations | 3766 | 7454 | 4093 |
| Tax | -862 | -1622 | -2358 |
| Cash Flow From Operations | 2904 | 5832 | 1735 |
| Purchase of PPE | -377 | -599 | -406 |
| Sale of PPE | 0 | 0 | 3 |
| Cash Flow From Investment | -2402 | -4185 | -3217 |
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