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Indong Tea Company Ltd (543769)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543769 NSE: Tea/Coffee | Small Cap | Indong Tea Co Share Price

₹5.65 0.00 (0.00%)

As on 29-Sep'26 16:59

Indong Tea Company Ltd (543769)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543769 NSE: Tea/Coffee | Small Cap | Indong Tea Co Share Price

₹5.65 0.00 (0.00%)

As on 29-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹11 Cr.
Current Price
₹5.7
52-Week Low / High
₹6 / 15
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
53.8
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
42.26%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
49.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹19.4 Cr.
Face Value
₹10
All Time Low / High
₹5.90 / 35.25

Indong Tea Company stock performance

Key Ratios
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Q.1 Is Indong Tea Company Ltd a good quality company?
Indong Tea Company Ltd is a quality company, based on a 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 Indong Tea Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indong Tea Company Ltd vs industry peers?
Indong Tea Company Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Indong Tea Company Ltd?
Promoters hold 49.23% of the Indong Tea Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indong Tea Company Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -35.44% 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.
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 ⓘ

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 ⓘ

Sales ⓘ14.515.523.119.52121.330.323
Sales YoY Gr.-6.6%48.9%-15.5%8%1.3%42.3%-
Adj EPS ⓘ-2.2-0.72.5-0.20.8-0.90.2-0.4
YoY Gr.-NANA-108%NA-220%NA-
BVPS (₹) ⓘ-7.5-8.3-5.86.213.3121616
Adj Net
Profit ⓘ
-1.1-0.41.3-0.21.1-1.40.3-1
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 ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA14.4%15.9%42.3%
Adj EPS ⓘNANANANA
BVPSⓘNANA37%33.8%
Share Price - - -35.4% -58.2%

Key Financial Parameters ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
-6.5-2.27.3-0.72.5-2.70.6-2.7
Op. Profit
Mgn % ⓘ
6.48.718.317.48.5-5.110NAN
Net Profit
Mgn % ⓘ
-7.7-2.45.5-1.15.4-6.41.1-3.6
Debt to
Equity ⓘ
-4.2-5-6.31.50.40.60.3-
Working Cap
Days ⓘ
07554631221651700
Cash Conv.
Cycle ⓘ
0-010213634730

Valuation of Indong Tea Co - 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

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Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

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Top 5 Mutual Funds Holding

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Announcements

Indong Tea Company Ltd FAQs

The current trading price of Indong Tea Co on 29-Sep-2026 16:59 is ₹5.65.

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 28-Sep-2026 the market cap of Indong Tea Co stood at ₹10.97 Cr

The latest P/E ratio of Indong Tea Co as of 28-Sep-2026 is 0.00.

The latest P/B ratio of Indong Tea Co as of 28-Sep-2026 is 0.35.

The 52-week high of Indong Tea Co is ₹15.00 and the 52-week low is ₹5.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indong Tea Co is ₹23.00 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indong Tea Company Ltd is a below average quality company.

The key valuation ratios of Indong Tea Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

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’.
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