Indong Tea Company Ltd (543769) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543769 | NSE: | Tea/Coffee | Small Cap

Indong Tea Co Share Price

11.39 0.41 3.73%
as on 05-Dec'25 15:31

Indong Tea Company Ltd (543769) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 543769 | NSE: | Tea/Coffee | Small Cap

DeciZen - make an informed investing decision on Indong Tea Co

Based on:

M-Cap below 100cr DeciZen not available

Indong Tea Company stock performance -

Key Ratios
mw4me loader
P/E Ratio (SA):
66.10
Market Cap:
21.3 Cr.
52-wk low:
10.5
52-wk high:
33.9

Is Indong Tea Company Ltd an attractive stock to invest in?


Login to view analysis.

10 Year X-Ray of Indong Tea Co: Login to view analysis.

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.
Indong Tea Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.2%11.5%20.9%8.4%10.4%-1.3%3.7%-
Value Creation
Index
NANA0.5-0.4-0.3-1.1-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14.515.523.119.52121.330.330
Sales YoY Gr.-6.6%48.9%-15.5%8%1.3%42.3%-
Adj EPS -2.2-0.72.5-0.20.8-0.90.20.2
YoY Gr.-NANA-108%NA-220%NA-
BVPS (₹) -7.5-8.3-5.86.213.3121616
Adj Net
Profit
-1.1-0.41.3-0.21.1-1.40.30
Cash Flow from Ops. 5.15.94.13.5-3.23.4-8.9-
Debt/CF from Ops. 3.23.64.52.7-2.73-1.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA14.4%15.9%42.3%
Adj EPS NANANANA
BVPSNANA37%33.8%
Share Price - - - -57.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-6.5-2.27.3-0.72.5-2.70.61.1
Op. Profit
Mgn %
6.48.718.317.48.5-5.110NAN
Net Profit
Mgn %
-7.7-2.45.5-1.15.4-6.41.11.1
Debt to
Equity
-4.2-5-6.31.50.40.60.3-
Working Cap
Days
07554631221651700
Cash Conv.
Cycle
0-010213634730

Recent Performance Summary

Login to view analysis.
Login to view analysis.

Latest Financials - Indong Tea Company Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 -
TTM Sales (₹ Cr.) 30.3 -
BVPS (₹.) 16 -
Reserves (₹ Cr.) 12 -
P/BV 0.68 -
PE 66.10 -
From the Market
52 Week Low / High (₹) 10.47 / 33.87
All Time Low / High (₹) 10.47 / 35.25
Market Cap (₹ Cr.) 21.3
Equity (₹ Cr.) 19.4
Face Value (₹) 10
Industry PE 57.2

Management X-Ray of Indong Tea Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Indong Tea Co - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

Login/Register to view analysis.

Analyst's Notes

data not found
No data found!

Key Ratios of Indong Tea Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales14.5315.4923.0719.4921.0421.3230.33
Operating Expenses 13.6114.1418.8616.0919.2522.4127.31
Manufacturing Costs2.873.034.393.554.694.144.04
Material Costs1.060.751.510.31-0.102.296.91
Employee Cost 8.649.0210.9110.4511.9613.4913.56
Other Costs 1.051.352.061.792.702.502.80
Operating Profit 0.921.354.213.391.79-1.093.03
Operating Profit Margin (%) 6.4%8.7%18.2%17.4%8.5%-5.1%10.0%
Other Income 0.281.230.060.443.072.240.13
Interest 1.631.992.121.611.010.810.93
Depreciation 0.640.910.902.522.561.521.87
Exceptional Items -0.06000000
Profit Before Tax -1.11-0.321.25-0.301.29-1.180.36
Tax -0.080.05-0.03-0.100.170.170.03
Profit After Tax -1.03-0.371.28-0.201.13-1.360.32
PAT Margin (%) -7.1%-2.4%5.5%-1.0%5.3%-6.4%1.1%
Adjusted EPS (₹)-2.0-0.72.5-0.20.8-0.90.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 17.2216.8618.1338.0951.7748.8661.15
Share Capital 5.115.115.1110151519.42
Reserves 12.1211.7513.0228.1036.7733.8641.73
Minority Interest0000000
Debt15.4020.0617.178.437.528.338.79
Long Term Debt22.0512.963.5373.553.16
Short Term Debt13.4018.014.214.900.524.785.63
Trade Payables2.191.130.941.050.081.040.84
Others Liabilities 2.783.304.314.795.407.747.52
Total Liabilities 37.5941.3440.5552.3764.7865.9778.30

Fixed Assets

Gross Block40.2343.8145.1859.0963.4172.7975.60
Accumulated Depreciation6.187.037.9410.6913.2215.7118.46
Net Fixed Assets 34.0536.7737.2548.4050.1957.0857.13
CWIP 0.730.740.040.04000.51
Investments 0000000
Inventories1.621.681.991.842.381.984.02
Trade Receivables0.130.030.130.570.580.117.92
Cash Equivalents 0.090.210.080.354.080.101.25
Others Assets 0.971.901.071.187.556.707.47
Total Assets 37.5941.3440.5552.3764.7865.9778.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 5.125.884.073.53-3.233.41-8.92
PBT -1.11-0.321.251.131.29-1.180.36
Adjustment 0.922.150.901.032.400.640.98
Changes in Working Capital 5.314.051.921.41-6.933.95-10.25
Tax Paid 000-0.04000
Cash Flow From Investing Activity -4.65-4.88-0.68-2.78-7.96-5.15-2.80
Capex -4.37-3.65-0.68-2.78-4.20-9.20-2.81
Net Investments 0000000
Others -0.28-1.240-0-3.764.050.01
Cash Flow From Financing Activity -0.57-0.87-3.53-0.7111.151.7612.88
Net Proceeds from Shares 0008.7113.01013.26
Net Proceeds from Borrowing -0.57-0.87-3.53-9.42-1.86-3.45-0.38
Interest Paid 0000000
Dividend Paid 0000000
Others 000-0-05.210.01
Net Cash Flow -0.110.13-0.140.03-0.040.021.16

Finance Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)000-12.48.61-7.161.31
ROCE (%)4.1611.4520.898.3910.39-1.313.7
Asset Turnover Ratio0.390.390.560.420.360.330.42
PAT to CFO Conversion(x)N/AN/A3.18N/A-2.86N/A-27.88
Working Capital Days
Receivable Days321710648
Inventory Days41392936373736
Payable Days7568102501,189-2,1089050

Indong Tea Company Ltd Stock News

Indong Tea Company Ltd FAQs

The current trading price of Indong Tea Co on 05-Dec-2025 15:31 is ₹11.39.
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 04-Dec-2025 the market cap of Indong Tea Co stood at ₹21.32.
The latest P/E ratio of Indong Tea Co as of 04-Dec-2025 is 66.10.
The latest P/B ratio of Indong Tea Co as of 04-Dec-2025 is 0.68.
The 52-week high of Indong Tea Co is ₹33.87 and the 52-week low is ₹10.47.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indong Tea Co is ₹30.33 ( Cr.) .

About Indong Tea Company Ltd

The company was originally incorporated as ‘Indong Tea Company Private Limited’ on December 28, 1990 vide certificate of incorporation under the provisions of Companies Act, 1956 issued by the Registrar of Companies, West Bengal. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by ROC-Kolkata, consequent upon conversion from Private Limited to Public Company dated January 14, 2022 in the name of ‘Indong Tea Company Limited’.

Indong Tea Company incorporated in the year 1990, owns and operates a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea at Indong Tea Estate situated at Jalpaiguri District of West Bengal and is presently managed under the leadership of Sri Hariram Garg, one of the main promoters of the Company. The Indong Tea Estate is spread over an area of 740.38 Hectares which comprises of Tea Plantation, Tea Factory, Withering Trough House, Officer’s Bunglows, Staff Quarters, Labour Quarters, Pump House, General Stores, Dairy Farm etc.

The original Promoter of the company was Devvrat Gupta, Shyam Saran Gupta and Nagarmal Kanoria. The main business of the company is manufacturing of Tea. The company is having one Tea Garden i.e. Indong Tea Estate which is producing high quality CTC tea in Dooar’s region of Jalpaiguri District of West Bengal. In the year 2014, the company was taken over by Asian Group promoted by Sri Hariram Garg. Under his Leadership, the company has achieved the economic viability by way of massive investments in all spheres while at the same time taking a keen interest in the welfare of the workers. He invested fresh capital and installed new machinery which resulted in high yield from the plantations produced.

The company is a magnificent Tea Garden in Western Dooars perched in the foothills of Himalayan Range. Blessed with a bracing climate and a panoramic view of the mountains and meandering rivers, the garden was founded over a century ago by the British Planters under the famous Gillanders & Arbuthnot & Co. Currently, the garden retains many of the British legacies. The company produces only Crush/Cut, Tear, Curl Tea (CTC). This a method of processing black tea in which the leaves are passed through a series of cylindrical rollers with hundreds of sharp teeth that crush, tear, and curl the tea into small, hard pellets. This replaces the final stage of orthodox tea manufacture, in which the leaves are rolled into strips. Tea produced using this method is generally called CTC tea.

Business area of the company

The company is primarily in the manufacturing of Tea. The company runs a a Tea Garden under Government lease and is engaged in Tea Plantation & Manufacturing of CTC Tea.

Key Milestones

  • 1990: Incorporation of the company as ‘Indong Tea Company Private Limited’ at Kolkata.
  • 2014: The company took over by Hariram Garg through companies promoted by him.
  • 2016: Granted FSSAI License.
  • 2017: Awarded ISO 22000:2005 Management certification.
  • 2019: Registered as MSME under the Industry classification category of Processing and Blending of Tea including Manufacture of Instant Tea.
  • 2021: Crossed the turnover of Rs 20 crore for FY 2020-21.
  • 2022: The Private Limited got converted into Public Limited and name changed to ‘Indong Tea Company Limited’.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.

×