ABOUT A V THOMAS AND COMPANY LIMITED
A V THOMAS AND COMPANY LIMITED were established in 1935 with their primary business being Manufacturing, Trading, and Exports. Consumer products division, Exports, Trading, Logistics, and services are the main divisions of the company. AV Thomas and Company Limited is a part of ‘The A.V.T. Group of Companies’. The group has a presence in various businesses including tea, coffee, spices, rubber, food ingredients, leather goods, natural extracts, shipping & warehousing, medical appliances, etc.
Consumer Products Division of A V Thomas and Company Limited includes Packed Tea, Coffee, and Premix of tea and coffee segment include the sale of tea and coffee in the packet, bulk, or value-added forms.
The company manufactures roofing materials and aluminum & other related accessories. The trade segment of the company involves trading in premix of tea & coffee, cardamom, dairy products, and vending machines.
The Services division of the company includes logistics and C&F-related services.
The company is operating in Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Orissa.
The company is the owner of ‘AVT Premium’, which is the second-largest selling dust tea brand in India.
21 January 1935
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
W 21/674, Beach Road,
Alleppey, Kerala – 688012
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Cameo Corporate Services Limited
Subramanian Building, No.1
Club House Road, Chennai – 600 002.
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to the total turnover of the Company
BOARD OF DIRECTORS
Mr. Ajit Thomas (Executive Chairman)
Mr. Dilip Thomas (Executive Vice - Chairman)
Mr. P. Shankar I.A.S. (Retd.)
Mr. A. D. Bopana
Mr. Habib Hussain
Mr. F.S.Mohan Eddy
Mrs. Kavitha Vijay
PARTICULARS OF ASSOCIATE COMPANIES
Name of the Company
% of shares held
AVT Gavia Foods PrivateLimited
A V Thomas InvestmentsCompany Limited
(As of 31-03-2021)
Number of shares
% of total Shares of the company
Mr. Ajit Thomas (Promoter)
Mr. Dilip Thomas (Promoter)
India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. India attained the highest exports of Tea in the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Assam is the largest tea-producing state of India followed by West Bengal. South India accounts for 1/5th of the industry.
Coming to the Construction Industry, The construction industry was one of the worst affected industries because of COVID 19 pandemic and subsequent lockdowns in 2020. The Industry fell by 12.4% in 2020. However, it is expected to grow by 13% in 2021. Moreover, the government spending on infrastructure has pushed up the sector in the last quarter of FY 2021. For FY 2020, the Government of India has allocated Rs. 5.5 Trillion for capital expenditure. The industry’s growth will be supported by the Government’s plan to increase the stock of affordable housing units for low and middle-income people under the ‘Housing for All’ program by 2022. This will in turn increase the demand for roofing and related activities.
KEY FINANCIALS OF A V THOMAS AND COMPANY LIMITED (In Rs. Lakhs)
STATEMENT OF PROFIT AND LOSS
(In Rs. Lakhs)
Revenue from Operations
Tax Expense I Current Taxes
Total Tax Expense
Share of profits of associate
Total Profit for the period
No of Shares
EPS (in Rs.)
Balance Sheet of A V THOMAS AND COMPANY LIMITED for the year ended 31st MARCH, 2021 (in Rs. lakhs)
NON CURRENT ASSETS
Intangible Asset under Development
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Short-term loans and advances
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
Reserves and Surplus
NON CURRENT LIABILITIES
Long term borrowings
Long term provisions
TOTAL NON CURRENT LIABILITIES
Other current liabilities
Short term provisions
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Book Value per share
Debt to Equity
Debt to Asset
Debt capital ratio
Dividend (final + interim) (In Rs.)
Rs.800+Rs.200(here Rs.800 is special dividend)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company has increased by 16.44% from Rs.81000.98 (in lakhs) in FY 2020 to Rs. 94324.96 (in lakhs) in FY 2021.
The Operation in the Roofing division of the company has improved. The roofing division accounts for 12.79% of the total operational revenue. The major source of revenue comes from the sale of Tea, coffee & Premix and makes up 74% of total revenue and the same has seen a significant increase of around 22%. Revenue from traded goods comprises 13% of total revenue and the same has reduced by 31% as compared to last year.
EBITDA of the company fell by 54%from Rs. 12836.06 lakhs in FY 2020 to Rs. 5842.74 lakhs in FY 2021. EBITDA margins have reduced from 14.15% in FY 2020 to 6.18%in FY 2021.
Profit after Tax of the company decreased from Rs. 9164.15 lakhs in FY 2020 to Rs. 3787.13 lakhs in the year FY 2021.
The current Ratio of the company as of 31st March 2021 was 2.926 in the previous year the current ratio was 3.039. This states that the company is not able to maintain its working capital very efficiently.
The debt to equity ratio of the company as of 31st March 2021 was 0.3929
Book value per share of the company as of 31st March 2020 stood at Rs. 5891.11.
ROE of the company has reduced from 36.75% in FY2020 to 13.67% in FY 2021.
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