Is Indong Tea Company Ltd (543769) a good quality company?

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

Is Indong Tea Company Ltd (543769) undervalued or overvalued?

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 .

What is Indong Tea Company Ltd (543769) share price return in the past 10 years?

Data is not available for this company

Is Indong Tea Company Ltd (543769) a good buy now?

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.

What is the share price of Indong Tea Company Ltd (543769)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indong Tea Company Ltd (543769) on 16-Apr-2026 16:59:59 at 16:59 is 7.95.

What is the P/E ratio of Indong Tea Company?

The latest standalone P/E ratio of Indong Tea Company as of 16-Apr-2026 is 47.86.

What is the P/B ratio of Indong Tea Company Ltd (543769)?

The latest standalone P/B ratio of Indong Tea Company Ltd (543769) as of 16-Apr-2026 is 0.50.

What is the 52-week high and low of Indong Tea Company Ltd (543769)?

The 52-week high of Indong Tea Company Ltd (543769) is Rs. 20.49 and the 52-week low is Rs. 6.95.

Indong Tea Company Ltd (543769) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Indong Tea Company Ltd (543769)
Brand: Indong Tea Company

Indong Tea Company Ltd (543769) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹15 Cr.

P/E Ratio

47.86

Price to Book (P/B)

0.50

Price to Sales (P/S)

0.51

EV/EBITDA

7.66

Return on Capital Employed (ROCE)

3.70%

Current Price

₹8

Return on Equity (ROE)

1.31%

Return on Assets (ROA)

0.45%

Operating Profit Margin

10%

Net Profit Margin

1.06%

Gross Profit Margin

7.3%

Book Value per Share

₹16

Sales Growth (YoY)

42.26%

Sales Growth (3 Years)

15.88%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

-3.67%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹7 / 20

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

49.23%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Indong Tea Company Ltd?

Indong Tea Company Ltd revenue growth is 42.3% for FY-2025 , which is above its 5 year CAGR of 14.4% , indicating faster growth.

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 Revenue growth of Indong Tea Company Ltd vs industry peers?

Indong Tea Company Ltd revenue CAGR is 14.38% , compared to the industry median CAGR of 3.64% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Indong Tea Company Ltd belong to?

Indong Tea Company Ltd belongs to the Agriculture & Allied activities sector, operating specifically within the Tea/Coffee segment.

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 -19.07% based on the current price.

DeciZen - make an informed investing decision on Indong Tea Co

Based on:

Data

M-Cap below 100cr DeciZen not available

Indong Tea Company stock performance

Key Ratios

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

10 Year X-Ray : 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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.2%	11.5%	20.9%	8.4%	10.4%	-1.3%	3.7%	-
Value Creation Index ⓘ	NA	NA	0.5	-0.4	-0.3	-1.1	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	14.5	15.5	23.1	19.5	21	21.3	30.3	30
Sales YoY Gr.	-	6.6%	48.9%	-15.5%	8%	1.3%	42.3%	-
Adj EPS ⓘ	-2.2	-0.7	2.5	-0.2	0.8	-0.9	0.2	0.2
YoY Gr.	-	NA	NA	-108%	NA	-220%	NA	-
BVPS (₹) ⓘ	-7.5	-8.3	-5.8	6.2	13.3	12	16	16
Adj Net Profit ⓘ	-1.1	-0.4	1.3	-0.2	1.1	-1.4	0.3	0
Cash Flow from Ops. ⓘ	5.1	5.9	4.1	3.5	-3.2	3.4	-8.9	-
Debt/CF from Ops. ⓘ	3.2	3.6	4.5	2.7	-2.7	3	-1.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	14.4%	15.9%	42.3%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	NA	NA	37%	33.8%
Share Price	-	-	-18.7%	-56.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-6.5	-2.2	7.3	-0.7	2.5	-2.7	0.6	1.1
Op. Profit Mgn % ⓘ	6.4	8.7	18.3	17.4	8.5	-5.1	10	NAN
Net Profit Mgn % ⓘ	-7.7	-2.4	5.5	-1.1	5.4	-6.4	1.1	1.1
Debt to Equity ⓘ	-4.2	-5	-6.3	1.5	0.4	0.6	0.3	-
Working Cap Days ⓘ	0	75	54	63	122	165	170	0
Cash Conv. Cycle ⓘ	0	-0	10	21	36	34	73	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.2	-
TTM Sales (₹ Cr.)	30.3	-
BVPS (₹) ⓘ	16	-
Reserves (₹ Cr.) ⓘ	12	-
P/BV ⓘ	0.50	-
PE ⓘ	47.86	-

From the Market
52 Week Low / High (₹)	6.95 / 20.49
All Time Low / High (₹)	6.95 / 35.25
Market Cap (₹ Cr.)	15.4
Equity (₹ Cr.)	19.4
Face Value (₹)	10
Industry PE ⓘ	63

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Indong Tea Co - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	14.53	15.49	23.07	19.49	21.04	21.32	30.33
Operating Expenses ⓘ +	13.61	14.14	18.86	16.09	19.25	22.41	27.31
Manufacturing Costs	2.87	3.03	4.39	3.55	4.69	4.14	4.04
Material Costs	1.06	0.75	1.51	0.31	-0.10	2.29	6.91
Employee Cost	8.64	9.02	10.91	10.45	11.96	13.49	13.56
Other Costs ⓘ	1.05	1.35	2.06	1.79	2.70	2.50	2.80
Operating Profit ⓘ	0.92	1.35	4.21	3.39	1.79	-1.09	3.03
Operating Profit Margin (%)	6.4%	8.7%	18.2%	17.4%	8.5%	-5.1%	10.0%
Other Income ⓘ +	0.28	1.23	0.06	0.44	3.07	2.24	0.13
Exceptional Items ⓘ	-0.06	0	0	0	0	0	0
Interest ⓘ	1.63	1.99	2.12	1.61	1.01	0.81	0.93
Depreciation ⓘ	0.64	0.91	0.90	2.52	2.56	1.52	1.87
Profit Before Tax ⓘ	-1.11	-0.32	1.25	-0.30	1.29	-1.18	0.36
Tax ⓘ	-0.08	0.05	-0.03	-0.10	0.17	0.17	0.03
Profit After Tax	-1.03	-0.37	1.28	-0.20	1.13	-1.36	0.32
PAT Margin (%)	-7.1%	-2.4%	5.5%	-1.1%	5.4%	-6.4%	1.1%
Adjusted EPS (₹)	-2.0	-0.7	2.5	-0.2	0.8	-0.9	0.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	17.22	16.86	18.13	38.09	51.77	48.86	61.15
Share Capital ⓘ	5.11	5.11	5.11	10	15	15	19.42
Reserves ⓘ	12.12	11.75	13.02	28.10	36.77	33.86	41.73
Debt +	15.40	20.06	17.17	8.43	7.52	8.33	8.79
Long Term Debt	2	2.05	12.96	3.53	7	3.55	3.16
Short Term Debt	13.40	18.01	4.21	4.90	0.52	4.78	5.63
Minority Interest	0	0	0	0	0	0	0
Trade Payables	2.19	1.13	0.94	1.05	0.08	1.04	0.84
Others Liabilities ⓘ	2.78	3.30	4.31	4.79	5.40	7.74	7.52
Total Liabilities ⓘ	37.59	41.34	40.55	52.37	64.78	65.97	78.30
Fixed Assets
Net Fixed Assets ⓘ +	34.05	36.77	37.25	48.40	50.19	57.08	57.13
Gross Block	40.23	43.81	45.18	59.09	63.41	72.79	75.60
Accumulated Depreciation	6.18	7.03	7.94	10.69	13.22	15.71	18.46
CWIP ⓘ	0.73	0.74	0.04	0.04	0	0	0.51
Investments ⓘ	0	0	0	0	0	0	0
Inventories	1.62	1.68	1.99	1.84	2.38	1.98	4.02
Trade Receivables	0.13	0.03	0.13	0.57	0.58	0.11	7.92
Cash Equivalents	0.09	0.21	0.08	0.35	4.08	0.10	1.25
Others Assets ⓘ	0.97	1.90	1.07	1.18	7.55	6.70	7.47
Total Assets ⓘ	37.59	41.34	40.55	52.37	64.78	65.97	78.30

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	5.12	5.88	4.07	3.53	-3.23	3.41	-8.92
PBT ⓘ	-1.11	-0.32	1.25	1.13	1.29	-1.18	0.36
Adjustment ⓘ	0.92	2.15	0.90	1.03	2.40	0.64	0.98
Changes in Working Capital ⓘ	5.31	4.05	1.92	1.41	-6.93	3.95	-10.25
Tax Paid ⓘ	0	0	0	-0.04	0	0	0
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	0	0	0	0	0	0	0
Others ⓘ	-0.28	-1.24	0	-0	-3.76	4.05	0.01
Cash Flow From Financing Activity ⓘ +	-0.57	-0.87	-3.53	-0.71	11.15	1.76	12.88
Net Proceeds from Shares ⓘ	0	0	0	8.71	13.01	0	13.26
Net Proceeds from Borrowing ⓘ	-0.57	-0.87	-3.53	-9.42	-1.86	-3.45	-0.38
Interest Paid ⓘ	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0
Others ⓘ	0	0	0	-0	-0	5.21	0.01
Net Cash Flow ⓘ	-0.11	0.13	-0.14	0.03	-0.04	0.02	1.16

Finance Ratio

PARTICULARS	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	0	0	0	-12.4	8.61	-7.16	1.31
ROCE (%)	4.16	11.45	20.89	8.39	10.39	-1.31	3.7
Asset Turnover Ratio	0.39	0.39	0.56	0.42	0.36	0.33	0.42
PAT to CFO Conversion(x)	N/A	N/A	3.18	N/A	-2.86	N/A	-27.88
Working Capital Days
Receivable Days	3	2	1	7	10	6	48
Inventory Days	41	39	29	36	37	37	36
Payable Days	756	810	250	1,189	-2,108	90	50

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Indong Tea Company Ltd FAQs

The current trading price of Indong Tea Co on 16-Apr-2026 16:59 is ₹7.95.

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 15-Apr-2026 the market cap of Indong Tea Co stood at ₹15.44 Cr

The latest P/E ratio of Indong Tea Co as of 15-Apr-2026 is 47.86.

The latest P/B ratio of Indong Tea Co as of 15-Apr-2026 is 0.50.

The 52-week high of Indong Tea Co is ₹20.49 and the 52-week low is ₹6.95.

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’.

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Indong Tea Company Ltd (543769) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Indong Tea Co Share Price