Scripscan:Asian Tea & Exports Ltd
BSE code:519532
cmp:30
Story:Asian Tea & Exports, Ltd. engages in manufacturing, trading, and exporting tea and coffee products. It sells various teas in packets and tea bags under the FOUR SEASONS brand name. The company also exports coffee beans, as well as cotton garments, including inner wear and T-shirts for men and women. In addition, Asian Tea & Exports engages in the real estate management. India with 41% share of global production is the largest producer of black tea in the world, followed by Kenya- 346 million Kgs and Srilanka-318 Million Kgs.The company has managed to grow despite adverse global economic condition.The management is trying its best to increase the customer base.The company has received orders from new clients in UK and Germany.It has also forayed into value added tea products like tea bags.The business outlook is expected to be robust for the company is the coming years.The company would get better valuations once it able to see a rise in its NPM.On the sales front it has grown by leaps and bounds over the last 4 years and has crossed the 1 billion sales figure mark.At rs 30 its a hold.
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