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Mcleod Russel India Ltd (MCLEODRUSS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532654 NSE: MCLEODRUSS Tea/Coffee | Small Cap | Mcleod Russel India Share Price

₹42.45 -2.23 (-4.99%)

As on 01-Oct'26 16:59

Mcleod Russel India Ltd (MCLEODRUSS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532654 NSE: MCLEODRUSS Tea/Coffee | Small Cap | Mcleod Russel India Share Price

₹42.45 -2.23 (-4.99%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹443 Cr.
Current Price
₹42.5
52-Week Low / High
₹29 / 78
TTM EPS
₹-8.9
TTM Sales
₹1,200 Cr.
Book Value per Share
₹-28.6
P/E Ratio
0.00
Industry PE
53.3
Price to Book (P/B)
-1.48
Lower than its 5-year historical median
Price to Sales (P/S)
0.37
Higher than its 5-year historical median
EV/EBITDA
504.37
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-15.44%
Underperforms industry median
Return on Assets (ROA)
-3.89%
Operating Profit Margin
1.7%
Net Profit Margin
-10.7%
Gross Profit Margin
-14.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.93%
Operating Profit Growth (1 Year)
-
-244.98%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
6.25%
Pledged shares (%) of Promoter's holding (%)
0.06%
Reserves
₹-351 Cr.
Equity
₹52.2 Cr.
Face Value
₹5
All Time Low / High
₹1.84 / 386.95

Mcleod Russel India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Mcleod Russel India Ltd a good quality company?
Mcleod Russel India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mcleod Russel India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mcleod Russel India Ltd vs industry peers?
Mcleod Russel India Ltd revenue CAGR is 0.73%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mcleod Russel India Ltd?
Promoters hold 6.25% of the Mcleod Russel India Ltd, with 0.06% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Mcleod Russel India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -12.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mcleod Russel India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ5.4%6.3%11%12%5.8%3%1.2%-36.2%-6.7%-1.7%-
Value Creation
Index ⓘ
-0.6-0.6-0.2-0.1-0.6-0.8-0.9-3.6NANA-

Growth Parameters ⓘ

Sales ⓘ1,5071,4851,5961,3138571,1121,1091,0979231,0241,011
Sales YoY Gr.--1.4%7.5%-17.7%-34.8%29.8%-0.3%-1.1%-15.8%10.9%-
Adj EPS ⓘ0.41.57.2-11.6-6.6-5.1-13-37.9-25.4-18.6-6.3
YoY Gr.-337.1%367.3%-262.8%NANANANANANA-
BVPS (₹) ⓘ126.8127.7134.5129.2127.5127.7115.814-10.4-27.7-37.8
Adj Net
Profit ⓘ
3.816.778.3-122-69.3-52.8-136-396-265-194-65
Cash Flow from Ops. ⓘ14781.283.9361-2.815370.814557.128.9-
Debt/CF from Ops. ⓘ4.49.711.64.5-749.213.326.612.330.661.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-4.2%3.6%-2.6%10.9%
Adj EPS ⓘ-255.5%NANANA
BVPSⓘ-184.5%-173.7%-162.1%NA
Share Price -13% 5.4% 24.9% 8.9%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
0.214.4-7-4.2-3.2-8.8-41.8-96.3-417.919.1
Op. Profit
Mgn % ⓘ
5.82.12-6.34.714.78.15.9-7.82.5-2.1
Net Profit
Mgn % ⓘ
0.31.14.9-9.3-8.1-4.8-12.3-36.1-28.7-19-6.5
Debt to
Equity ⓘ
0.50.60.71.21.61.51.612.2-16.1-6.1-
Working Cap
Days ⓘ
2733143395861,2961,1151,07795296286887
Cash Conv.
Cycle ⓘ
30292512-10-05673-489

Valuation of Mcleod Russel India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.060.060.060.060.060.060.060.060.060.06
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,8712,0551,7231,1431,4381,3561,3701,1361,1851,154
Operating Expenses ⓘ + 1,7601,9151,7671,1031,2471,2891,2761,2451,1671,181
Manufacturing Costs394421362245313299295276270275
Material Costs3163403001462122301271014861
Employee Cost 840907820577597637722744740743
Other Costs ⓘ 211246286135125123131124109102
Operating Profit ⓘ 110140-44401916793-10918-27
Operating Profit Margin (%) 5.9%6.8%-2.6%3.5%13.3%4.9%6.8%-9.6%1.5%-2.3%
Other Income ⓘ + 184394237312412171258
Exceptional Items ⓘ 002894400-933519-147
Interest ⓘ 136180338227205165201203226147
Depreciation ⓘ 1041028478907570666161
Profit Before Tax ⓘ 5525261-189-80-162-1,093-362-245-373
Tax ⓘ -103222-41-2719-37-50-47-250
Profit After Tax 6421939-148-52-181-1,057-312-198-124
PAT Margin (%) 3.4%10.7%2.3%-12.9%-3.6%-13.3%-77.1%-27.4%-16.7%-10.7%
Adjusted EPS (₹)7.122.53.6-14.2-5.0-17.3-101.0-29.8-18.9-11.8
Dividend Payout Ratio (%)3.50%2.20%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,9592,1672,0141,8541,8231,64956925057-50
Share Capital ⓘ 41.1946.1943.6952.2352.2352.2352.2352.2352.2352.23
Reserves ⓘ 1,9182,1211,9711,8021,7711,5965171984-103
Debt +8419311,6482,1352,0151,8441,7111,6441,6711,051
Long Term Debt226408223186111122725097640
Short Term Debt6155231,4261,9491,9041,7221,6391,5941,573411
Minority Interest222300000000
Trade Payables11712717489112129122969799
Others Liabilities ⓘ 5135951,0821,2091,1451,3131,7041,9032,1001,323
Total Liabilities ⓘ 3,4523,8434,9195,2875,0954,9344,1073,8923,9242,422

Fixed Assets

Net Fixed Assets ⓘ +2,1372,1201,4751,4261,3971,3951,3861,2801,2601,228
Gross Block2,3152,3631,6631,8771,9502,0302,0941,9582,0112,054
Accumulated Depreciation178243187452552636708678751826
CWIP ⓘ 911078993675647454140
Investments ⓘ 729610111536252625848
Inventories23723422619420518114795106120
Trade Receivables1091263935324940484838
Cash Equivalents 5180357549927156917
Others Assets ⓘ 7541,0812,6303,4753,2423,1642,4192,3562,401932
Total Assets ⓘ 3,4523,8434,9195,2875,0954,9344,1073,8923,9242,422
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 13719628084178105205347253
PBT ⓘ 5525261-189-80-162-1,093-362-245-373
Adjustment ⓘ 120-66192362602291,167264275358
Changes in Working Capital ⓘ -125921332-48441411175556
Tax Paid ⓘ -25-49-12546-5-1015-1413
Cash Flow From Investing Activity ⓘ + -68-147-323-740-2-58-4159-19-14
Capex -94-90524156-34-60-45-16-22-19
Net Investments 419212964000000
Others ⓘ 22-250-976-96032247535
Cash Flow From Financing Activity ⓘ + -64-26320362-132-119-174-100-50-33
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -91247-18110-4814-441800-16
Interest Paid ⓘ -136-180-328-96-34-19-47-20-40-17
Dividend Paid ⓘ -29-2-5-71-100000
Others ⓘ 191-91834518-48-113-83-261-100
Net Cash Flow ⓘ 523277-29545-72-11-737
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.0112.732.21-9.14-3.4-12.42-125.63-203.610N/A
ROCE (%)7.6415.812.41.023.250.09-31.2-7.61-1.03N/A
Asset Turnover Ratio0.550.560.390.220.280.270.30.280.30.36
PAT to CFO Conversion(x)2.140.897.18N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days2320.9017.5011.808.4010.9011.9014.1014.8013.60
Inventory Days47.5041.8048.7067.1050.6051.9043.8038.903135.80
Payable Days146.10130.40183329.30172.90190.80358.60392.20732587.20

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Mcleod Russel India Ltd FAQs

The current trading price of Mcleod Russel India on 01-Oct-2026 16:59 is ₹42.45.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Sep-2026 the market cap of Mcleod Russel India stood at ₹443.4 Cr

The latest P/E ratio of Mcleod Russel India as of 30-Sep-2026 is 0.00.

The latest P/B ratio of Mcleod Russel India as of 30-Sep-2026 is -1.12.

The 52-week high of Mcleod Russel India is ₹78.28 and the 52-week low is ₹28.70.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mcleod Russel India is ₹1,011 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mcleod Russel India Ltd is a average quality company.

The key valuation ratios of Mcleod Russel India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mcleod Russel India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Mcleod Russel India Ltd

McLeod Russel began planting tea in India in 1869 and today is the largest tea producing Company in the world. We manage forty-eight tea estates in the Assam Valley and five in the Dooars region of West Bengal, three factories in Vietnam, six estates in Uganda and the management control of the world renowned Gisovu estate in Rwanda signify our international presence. Every year our estates produce in excess of 100 million kilograms of black tea, which is marketed worldwide under the registered trademark as shown.

We came into being in 1869, when Captain J.H. Williamson and Richard Boycott Magor, two Englishmen based in Calcutta, formed a partnership firm, Williamson Magor & Company, to service the requirements of tea estates in Assam. The offices were originally at 7 New China Bazaar Street, Calcutta, before they moved in 1894 to Four Mangoe Lane, where the Company is still located albeit in a new office building inaugurated in late 1960s. The Williamson Magor partnership grew in strength over the years and decided to become a Public Limited Co. in 1954 in the name and style of Williamson Magor & Co. Limited.

Brij Mohan Khaitan, (who had a long standing relationship with the Company by virtue of being the principal supplier of Packaging Materials and Fertilizers, was invited to join the Board of Directors in 1963) eventually became the Managing Director in 1964 and took the Company to new heights. In 1975, Williamson Magor merged with Macneill & Barry Ltd. which had also had interests in Tea besides other businesses. The new Company was christened Macneill & Magor Limited.

1987 was another milestone year for the Company. The Guthrie family in the UK sold their shareholding in the McLeod Russel group which included the Makum and Namdang Tea Companies, to the Khaitan family, making the Macneill and Magor Group the single largest producer of Assam tea, a position still held by the Group. In 1992, Macneill and Magor Limited was renamed Williamson Magor & Co. Limited.

In 1994 the Williamson Magor Group through McLeod Russel (India) Limited bought 51% of the Equity Share holdings of Union Carbide India Limited. The Company was renamed Eveready Industries India Limited. Subsequently, McLeod Russel India Limited was merged with Eveready Industries India Limited to form a new Company with two Divisions - the Bulk Tea Division which managed the tea estates of McLeod Russel and the Battery Division which produced and marketed the popular Eveready batteries and flashlights.

In April 2004 Eveready Industries de-merged the two divisions into two separate companies, McLeod Russel India Limited and Eveready Industries India Limited. This enabled McLeod Russel to concentrate on its core business of tea production. Eveready, with the second largest retail distribution network in India, enjoys more than 50% market share in their battery and flashlight business.

In July 2005, McLeod Russel acquired Borelli Tea Holdings Limited from the Magor family based in England and took over the seventeen tea estates of its Indian subsidiary Williamson Tea Assam Ltd. Over the next two years McLeod Russel acquired two more quality tea companies in Assam, namely Doom Dooma Tea Company and the Moran Tea Company India Limited. All three companies acquired between 2005 and 2007 have been merged with McLeod Russel India Limited thereby making the Group the largest tea producing company in the world. In March 2009 our wholly owned subsidiary, Borelli Tea Holdings Limited, U.K., acquired 100% of the Charter Capital of Phu Ben Tea Company Limited, Vietnam. Phu Ben includes three tea estates and produces 4.5 million kilograms of Black CTC, Green CTC & Orthodox Green tea.

Rwenzori Tea Investments Ltd, Uganda, was initially set up as a para-statal in 1994. The company was bought by James Finlay International and the Commonwealth Development Council (CDC) which jointly rehabilitated the tea estates and factories. In 2001 the CDC sold its stake to James Finlay International. In 2010, Borelli Tea Holdings acquired the Rwenzori Tea Investments Limited from James Finlay International Tea Holdings Ltd. McLeod Russel intends to continue the programme of systematic upgrades to the factories and estates.

The Republic of Uganda, described as the "Pearl of Africa", is a landlocked country. It is situated north-west of Lake Victoria bordering Sudan to the north, Democratic Republic of Congo to the west, Rwanda and Tanzania to the south and Kenya to the east. A member of the newly formed East African Community (EAC), it has emerged from a difficult period to become a peaceful and stable nation.

In 2010 Mcleod Russel India Ltd acquired Borelli Tea Holdings Ltd . In 2011 the company set up of a subsidiary in Dubai.In February 2011 Borelli Tea Holdings took over management control of Gisovu Tea Company Limited in Rwanda. The country of Rwanda is also known as the "Land of a Thousand Hills" and borders Lake Kivu and the Democratic Republic of Congo to its west, whilst to the east lies Tanzania and Lake Victoria, to the south is Burundi and to the north is Uganda.

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