Ccl Products (India) Limited (CCL)

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Ccl Products (India) Limited (CCL) · mywealthgrid

About

CCL Products operates in tea and coffee within Consumer Staples, a segment of agricultural food products. With consolidated quarterly revenues around ₹1,050–₹1,224 Cr and a market cap of ₹15,130 Cr, the company operates at substantial scale. Consolidated operating margins of 15.67–17.61% demonstrate consistent profitability.

Face value: ₹2

Market cap

₹14,106 Cr

P/E

32.6×

P/B

6.0×

Dividend yield

0.5%

ROE

18%

ROCE

21.7%

Debt / equity

0.55

OPM

16.4%

EPS (TTM)

₹32.4

Book value

₹175.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High valuation multiple (PE 34.98) relative to ROE (18%) — the market is pricing growth; verify if earnings growth or margin expansion can sustain this valuation
Significant volatility in standalone operating margins (8.97–17.09% across recent quarters) indicates vulnerability of core domestic operations to market or seasonal pressures
Moderate debt (D/E 0.55) in a commodity-exposed business — verify interest coverage and working capital requirements, especially during input-cost inflation
Tea and coffee commodity exposure — input cost volatility could compress margins if pricing power is limited; clarify hedging practices

Generated analysis · source review pending

Growth drivers

Consolidated operating margins stable at 15.67–17.61% provide profitability foundation; verify if the company plans volume expansion or further margin optimization
ROE of 18% with regular dividend payouts (2023–2026) demonstrate capital efficiency and cash generation; clarify reinvestment strategy and capex plans
PE of 34.98 against ROE of 18% implies market expectations for growth; verify if earnings guidance supports this valuation or margin expansion is planned

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,056.6+5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 16.3% over the last 5 years
+Revenue CAGR of 29.1% over the last 5 years

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 49
Growth: 76
Valuation: 45

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Tata Consumer Products LimitedTATACONSUMTATACONSUM	₹94,705 Cr	₹96,825 Cr	₹20,860 Cr	₹2,909 Cr	13.8%	₹1,635 Cr	7.6%	8.6%	7.4%	10
Ccl Products (India) LimitedCCLCCL	₹14,106 Cr	₹15,396 Cr	₹4,602 Cr	₹767 Cr	16.4%	₹433 Cr	8.7%	21.7%	18%	166
Vintage Coffee And Beverages LimitedVINCOFEVINCOFE	₹2,607 Cr	₹2,731 Cr	₹612 Cr	₹113 Cr	18%	₹79 Cr	13.1%	19.7%	16.6%	178
Andrew Yule & Company LtdANDREWYUANDREWYU	₹1,222 Cr	₹1,327 Cr	₹310 Cr	₹-89 Cr	-28.9%	₹-47 Cr	-15.3%	-13.5%	-13.1%	-19
Goodricke Group LtdGOODRICKEGOODRICKE	₹471 Cr	₹483 Cr	₹929 Cr	₹19 Cr	2.4%	₹20 Cr	3.2%	4.2%	8.9%	-4
Mcleod Russel India LimitedMCLEODRUSSMCLEODRUSS	₹444 Cr	₹1,940 Cr	₹1,200 Cr	₹-4 Cr	-2.2%	₹-93 Cr	-10.7%	-13%	—	136
Jayshree Tea & Industries LimitedJAYSREETEAJAYSREETEA	₹242 Cr	₹649 Cr	₹946 Cr	₹24 Cr	2%	₹-22 Cr	-2.7%	1.9%	-6.1%	174
Gillanders Arbuthnot & Company LimitedGILLANDERSGILLANDERS	₹240 Cr	₹389 Cr	₹434 Cr	₹30 Cr	5.4%	₹17 Cr	2.2%	7.9%	3.8%	263
Neelamalai Agro Industries LimitedNEAGINEAGI	₹199 Cr	₹199 Cr	₹25 Cr	₹-4 Cr	-15.1%	₹39 Cr	154%	-0.2%	14.9%	432
Rossell India LimitedROSSELLINDROSSELLIND	₹189 Cr	₹383 Cr	₹372 Cr	₹38 Cr	10.4%	₹14 Cr	3.5%	9.8%	4.4%	474
Dhunseri Tea & Industries LimitedDTILDTIL	₹166 Cr	₹415 Cr	₹441 Cr	₹-11 Cr	-1.6%	₹-12 Cr	-0.5%	1.9%	-0.5%	147
Bengal Tea & Fabrics LtdBENGALTBENGALT	₹123 Cr	₹132 Cr	₹88 Cr	₹5 Cr	4.1%	₹3 Cr	8.6%	4.7%	2.3%	90

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	932	983	1,138	1,081	1,139	1,242	1,462	2,071	2,654	3,106	4,457
COGS	546	544	691	602	559	590	723	1,130	1,552	1,843	2,904
Gross profit	386	439	447	480	580	652	739	942	1,102	1,263	1,553
	181	207	209	234	294	355	408	542	656	708	821
	205	232	239	245	286	298	331	400	445	555	733
OPM %	22%	23.6%	21%	22.7%	25.1%	24%	22.6%	19.3%	16.8%	17.9%	16.4%
Depreciation	28	33	34	32	47	49	57	64	98	98	152
Interest	11	11	8	8	18	17	16	34	78	113	129
	1	1	5	3	5	3	4	3	6	8	8
Profit before tax	167	189	202	209	225	235	261	305	276	352	461
Tax	45	54	54	54	59	53	57	36	26	42	73
Tax %	26.8%	28.8%	26.6%	25.8%	26.4%	22.4%	21.8%	11.8%	9.5%	11.9%	15.8%
	122	135	148	155	166	182	204	269	250	310	388
PAT margin %	13.1%	13.7%	13%	14.3%	14.6%	14.7%	14%	13%	9.4%	10%	8.7%
EPS (₹)	9.2	10.1	11.1	11.6	12.5	13.7	15.4	20.2	18.8	23.3	29.2
EPS adjusted (₹)	9.2	10.1	11.1	11.6	12.5	13.7	15.4	20.2	18.8	23.2	29.1
	27.2%	24.7%	22.4%	27.9%	42.1%	29.2%	32.6%	27.2%	23.9%	21.5%	19.7%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	27	27	27	27	27	27	27	27	27	27	27
Reserves	483	491	713	812	902	1,061	1,224	1,456	1,647	1,941	2,318
	159	159	308	376	392	475	651	916	1,621	1,813	1,291
	133	124	85	207	189	226	168	199	241	461	691
Total equity & liabilities	801	801	1,134	1,422	1,509	1,788	2,070	2,597	3,536	4,241	4,326
	417	417	371	383	724	798	882	1,257	1,250	1,620	2,027
CWIP	—	—	—	—	—	149	160	54	501	453	3
Investments	2	2	1	1	1	0	0	0	0	0	3
	382	382	761	1,037	784	841	1,028	1,286	1,785	2,169	2,293
Total assets	801	801	1,134	1,422	1,509	1,788	2,070	2,597	3,536	4,241	4,326

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	44.4%	50.9%	52.5%	50.6%	45.5%	41.5%	40.7%	34.9%
EBITDA margin %	22.7%	25.1%	24%	22.6%	19.3%	16.8%	17.9%	16.4%
EBIT margin %	19.8%	21%	20%	18.7%	16.2%	13.1%	14.7%	13%
PAT margin %	14.3%	14.6%	14.7%	14%	13%	9.4%	10%	8.7%
Working capital
Receivable days	79	86	88	80	78	68	81	67
Inventory days	123	170	198	262	187	185	208	131
Payable days	—	—	13	23	24	23	44	32
NWC days	—	—	272	319	241	230	246	166
Leverage
Current ratio	1.64	2.3	1.69	1.57	1.49	1.36	1.28	1.49
Debt to EBITDA	1.53	1.37	1.59	1.97	2.29	3.64	3.27	1.76
Debt to equity	0.45	0.42	0.44	0.52	0.62	0.97	0.92	0.55
Interest coverage	25.7	13.5	14.9	17	9.9	4.6	4.1	4.6
Asset turnover	0.76	0.75	0.69	0.71	0.8	0.75	0.73	1.03
Return ratios
Return on assets %	10.9%	11%	10.2%	9.9%	10.4%	7.1%	7.3%	9%
Return on capital employed %	21.3%	21.1%	19.7%	20.1%	21.2%	17.6%	19.1%	21.7%
Return on equity %	18.5%	17.9%	16.8%	16.3%	18.1%	14.9%	15.8%	16.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.26%	46.26%	46.26%	46.09%	46.09%	46.09%	46.09%	46.09%	46.11%	46.11%	46.11%	46.14%
	7.75%	7.77%	8.12%	9.76%	10.17%	10.13%	10.2%	10.65%	10.53%	11.01%	11.24%	12.07%
	21.39%	21.44%	21.74%	20.57%	21.01%	21.05%	20.88%	21.2%	21.83%	21.53%	21.43%	21.11%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.6%	24.53%	23.88%	23.58%	22.73%	22.73%	22.83%	21.79%	21.28%	21.1%	20.97%	20.53%
No. of shareholders	—	—	—	—	—	—	—	—	55,690	60,552	62,293	63,904

Promoter holding down 0.12 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Sarada PaturiImmediate relative	SellMarket Sale	15,000	₹1.37 cr	0.17% → 0.15%	3 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

15 deals · 20 Dec 2021 – 8 May 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,83,199	₹750.52	₹51.28 Cr
8 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,83,199	₹749.91	₹51.23 Cr
7 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	8,68,287	₹721.23	₹62.62 Cr
7 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	8,68,287	₹720.70	₹62.58 Cr
7 May 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Sell	7,85,510	₹741.97	₹58.28 Cr
7 May 2025	AAKRAYA RESEARCH LLP	Bulk	NSE	Buy	7,85,510	₹741.59	₹58.25 Cr
6 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	16,80,263	₹677.26	₹113.80 Cr
6 May 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	16,80,263	₹676.69	₹113.70 Cr
6 Nov 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,41,120	₹732.78	₹68.96 Cr
6 Nov 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,41,120	₹732.27	₹68.92 Cr

1–10 of 15

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Mr. Challa Rajendra PrasadExecutive Director-Chairperson related to Promoter
Mr. Srishant ChallaExecutive Director-MD
Mr. B Mohan KrishnaExecutive Director
Mr. Krishnanand LankaNon-Executive - Independent Director
Ms. C Shantha PrasadNon-Executive - Non Independent Director
Ms. Kulsoom Noor SaifullahNon-Executive - Independent Director
Mr. Durga Prasad KodeNon-Executive - Independent Director
Mr. Veerayya Chowdary KosarajuNon-Executive - Independent Director
Mr. Satyavada Venkata Ramachandra RaoNon-Executive - Non Independent Director
Mr. Ambati SudhakarNon-Executive - Independent Director
Mr. Praveen JaipuriarChief Executive Officer

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F&O

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Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

11.93%

of the company's equity

All mutual funds

18.66%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

40 schemes · 15 fund houses

		Shares
Small Cap Fund	Axis Mutual Fund	67.28 L	726.5	2.31%	5.04%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	25.44 L	274.71	3.37%	1.906%	+3.29 L
Parag Parikh ELSS Tax Saver Fund	PPFAS Mutual Fund	14.02 L	151.39	2.7%	1.05%	-0
MNC Fund	SBI Mutual Fund	12.66 L	136.7	2.03%	0.948%	-47,477
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	11.79 L	127.29	0.86%	0.883%	-0
Flexicap Fund	SBI Mutual Fund	11.27 L	121.68	0.52%	0.844%	-0
Multicap Fund	Axis Mutual Fund	4.67 L	50.42	0.42%	0.35%	-0
Quality Fund	SBI Mutual Fund	4.55 L	49.18	1.85%	0.341%	-0

1–8 of 40

1 / 5

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI SummaryPPTREC
May 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

29

Final dividend1 Sept 2026 · ex-date₹3
Interim dividend10 Feb 2026 · ex-date₹2.75
Final dividend7 Aug 2025 · ex-date₹5
Final dividend13 Sept 2024 · ex-date₹2
Interim dividend15 Feb 2024 · ex-date₹2.5
Final dividend11 Aug 2023 · ex-date₹2.5
Interim dividend31 Jan 2023 · ex-date₹3
Final dividend25 Aug 2022 · ex-date₹2
Interim dividend31 Jan 2022 · ex-date₹3
Final dividend18 Aug 2021 · ex-date₹2
Interim dividend28 Oct 2020 · ex-date₹2
Interim dividend6 Mar 2020 · ex-date₹1.5
Special dividend6 Mar 2020 · ex-date₹1.5
Interim dividend6 Feb 2020 · ex-date₹2
Final dividend1 Aug 2019 · ex-date₹1.75
Interim dividend2 Apr 2019 · ex-date₹1.75
Dividend dividend6 Jul 2018 · ex-date₹2.5
Dividend dividend4 Jul 2017 · ex-date₹2.5
Final dividend16 Sept 2016 · ex-date₹1
Interim dividend17 Mar 2016 · ex-date₹1.5
Final dividend10 Jul 2015 · ex-date₹1.5
Final dividend10 Jul 2014 · ex-date₹1.2
Dividend dividend12 Jul 2013 · ex-date₹5
Dividend dividend17 Sept 2012 · ex-date₹5
Dividend dividend4 Aug 2011 · ex-date₹2
Dividend dividend3 Nov 2010 · ex-date₹1.5
Dividend dividend27 Aug 2009 · ex-date₹1
Dividend dividend18 Sept 2008 · ex-date₹5
Dividend dividend18 Sept 2007 · ex-date₹5

1

Board meeting to consider results27 Jul 2026

1

Face value ₹10 → ₹219 Aug 2013 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

22 announcementsExport CSV

28 Sept 2026, 2:52 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	44.4%	50.9%	52.5%	50.6%	45.5%	41.5%	40.7%	34.9%
EBITDA margin %	22.7%	25.1%	24%	22.6%	19.3%	16.8%	17.9%	16.4%
EBIT margin %	19.8%	21%	20%	18.7%	16.2%	13.1%	14.7%	13%
PAT margin %	14.3%	14.6%	14.7%	14%	13%	9.4%	10%	8.7%
Working capital
Receivable days	79	86	88	80	78	68	81	67
Inventory days	123	170	198	262	187	185	208	131
Payable days	—	—	13	23	24	23	44	32
NWC days	—	—	272	319	241	230	246	166
Leverage
Current ratio	1.64	2.3	1.69	1.57	1.49	1.36	1.28	1.49
Debt to EBITDA	1.53	1.37	1.59	1.97	2.29	3.64	3.27	1.76
Debt to equity	0.45	0.42	0.44	0.52	0.62	0.97	0.92	0.55
Interest coverage	25.7	13.5	14.9	17	9.9	4.6	4.1	4.6
Asset turnover	0.76	0.75	0.69	0.71	0.8	0.75	0.73	1.03
Return ratios
Return on assets %	10.9%	11%	10.2%	9.9%	10.4%	7.1%	7.3%	9%
Return on capital employed %	21.3%	21.1%	19.7%	20.1%	21.2%	17.6%	19.1%	21.7%
Return on equity %	18.5%	17.9%	16.8%	16.3%	18.1%	14.9%	15.8%	16.6%

Date	Category	Subject	Filing
28 Sept 2026, 2:52 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 2:50 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
11 Sept 2026, 5:40 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
8 Sept 2026, 6:38 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
8 Sept 2026, 5:09 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
8 Sept 2026, 4:59 pm	AGM/EGM AGM	Link Of Recording Of The 65Th Annual General Meeting	PDF
8 Sept 2026, 4:46 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
17 Aug 2026, 10:11 pm	AGM/EGM AGM	Notice Of The 65Th Annual General Meeting (AGM) Along With The Annual Report For The FY 2025-26	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	161	102	145	162	91	171	101	198	55	290	858
	-87	-20	-247	-175	-88	-153	-190	-332	-514	-416	-70
	-82	-84	129	42	-37	64	25	164	559	53	-757
Net cash flow	-8	-2	27	29	-35	82	-64	30	100	-73	32
Free cash flow	107	84	-88	-80	2	16	-89	-134	-458	-128	788
CFO / Operating profit %	78.6%	43.9%	60.8%	65.8%	31.7%	57.4%	30.4%	49.6%	12.4%	52.2%	117.1%

Ccl Products (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

29

1

1

Announcements

29

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Ccl Products (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends29

Board meetings1

Stock splits1

Announcements

Dividends29

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

29

1

1

29

1

1