Gillanders Arbuthnot & Company Limited (GILLANDERS)

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Gillanders Arbuthnot & Company Limited (GILLANDERS) · mywealthgrid

About

Gillanders Arbuthnot operates in Tea & Coffee within Consumer Staples, with market cap ₹188.48 Cr. Company is 69.05% promoter-held with minimal institutional ownership. Recent performance has been volatile, with sharp loss in Mar 2026 followed by recovery in Jun 2026.

Face value: ₹10

Market cap

₹240 Cr

P/E

13.8×

P/B

0.9×

Dividend yield

ROE

3.8%

ROCE

7.9%

Debt / equity

0.58

OPM

5.4%

EPS (TTM)

₹8.2

Book value

₹120.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Mar 2026 loss: ₹14.12 Cr net loss on ₹91.54 Cr standalone revenue (OPM -13.02%); verify root cause and whether one-time or structural
Extreme margin volatility: OPM swung from +17.83% (Sep 2025) to -13.02% (Mar 2026) to +8.04% (Jun 2026); verify commodity and cost-management sensitivity, hedging policies
ROE of 3.76% despite moderate leverage (D/E 0.58); verify whether cyclical losses mask structural capital inefficiency
No dividend paid since 2014 (12 years); verify capital allocation strategy and shareholder return policy

Generated analysis · source review pending

Growth drivers

Jun 2026 recovery to 7–8% OPM after Mar 2026 collapse suggests operational issues were temporary; verify sustainability
Sep 2025 achieved 17.83% OPM and ₹122–132 Cr quarterly revenue, demonstrating operational capability; verify seasonality and sustainability
Moderate leverage (D/E 0.58) permits debt-funded growth; verify capex plans or expansion strategy

Generated analysis · source review pending

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

₹112.7+1.8%1Y

Quick read

rule-based

Pros

+High promoter holding of 69.1% with no pledge

Cons

−Low return on equity of -1.5% (3-yr avg)
−Thin operating margin of 5.4%
−Profit declined 13.9% a year over the last 3 years
−Modest revenue growth of 0% a year over the last 5 years
−Weak interest coverage of 1.9×

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 18
Growth: 9
Valuation

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.

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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	665	751	660	431	406	449	363	443	431
COGS	216	246	281	150	114	136	109	150	119
Gross profit	449	505	379	280	292	313	255	294	312
	400	440	351	250	262	301	288	268	288
	50	65	28	31	30	12	-34	26	23
OPM %	7.5%	8.7%	4.3%	7.1%	7.3%	2.7%	-9.3%	5.8%	5.4%
Depreciation	24	20	20	16	12	12	12	11	11
Interest	50	50	48	37	23	18	14	12	13
	21	22	26	7	17	30	14	22	12
Profit before tax	-4	—	-12	-15	11	12	-46	25	11
Tax	5	6	3	0	-5	-3	3	-2	2
Tax %	111.9%	—	22%	2.4%	-42.5%	-21.6%	5.7%	-7%	14.5%
	-9	0	-15	-16	16	15	-49	27	9
PAT margin %	-1.3%	0%	-2.3%	-3.6%	4%	3.3%	-13.4%	6%	2.2%
EPS (₹)	—	—	-7.1	-7.3	7.7	7	-22.8	12.5	4.4
EPS adjusted (₹)	-4	0.2	-7.1	-7.3	7.7	6.9	-22.8	12.5	4.4
Annual report	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	Annual report for Mar 2026

₹ 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	23	21	21	21	21	21	21	21	21	21	21
Reserves	155	282	262	268	255	231	249	255	196	224	237
Minority interest	—	—	—	—	0	0	—	0	—	—	—
	436	436	405	350	293	186	154	145	129	139	149
	251	251	247	286	288	185	173	129	130	130	146
Total equity & liabilities	865	991	936	925	857	624	597	550	477	514	553
	240	456	441	427	421	315	312	298	263	256	253
CWIP	4	11	9	14	15	14	12	11	9	13	20
Investments	28	43	29	29	17	8	3	0	0	0	0
	593	480	457	454	404	287	271	241	205	245	280
Total assets	865	991	936	925	857	624	597	550	477	514	553

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
TEA	226.38	12.86	226.12	44.65	181.47	7.09
ENGINEERING (MICCO)	102.01	8.92

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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 %	67.2%	57.5%	65.1%	71.8%	69.7%	70.1%	66.2%	72.3%
EBITDA margin %	8.7%	4.3%	7.1%	7.3%	2.7%	-9.3%	5.8%	5.4%
EBIT margin %	6%	1.3%	3.4%	4.3%	-0%	-12.5%	3.3%	2.9%
PAT margin %	0%	-2.3%	-3.6%	4%	3.3%	-13.4%	6%	2.2%
Working capital
Receivable days	47	45	54	36	21	29	51	54
Inventory days	278	206	240	389	287	314	225	407
Payable days	—	—	163	220	129	164	130	197
NWC days	—	—	130	204	179	180	146	263
Leverage
Current ratio	0.93	0.88	0.99	1.03	0.94	0.79	0.88	1.05
Debt to EBITDA	5.36	10.29	6.1	5.16	12.09	—	5.41	6.36
Debt to equity	1.21	1.06	0.74	0.57	0.52	0.59	0.57	0.58
Interest coverage	1.1	0.5	0.6	1.5	1.1	-2.2	2.1	1.9
Asset turnover	0.81	0.77	0.69	0.68	0.82	0.76	0.86	0.78
Return ratios
Return on assets %	0%	-1.8%	-2.5%	2.7%	2.7%	-10.2%	5.2%	1.7%
Return on capital employed %	11.9%	5.9%	6.4%	10.1%	5.8%	-11%	9.2%	7.9%
Return on equity %	0.1%	-5.5%	-6.2%	6.1%	5.4%	-22.4%	10.9%	3.7%

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
	69.08%	69.08%	69.08%	69.08%	69.08%	69.08%	69.21%	69.05%	69.05%	69.05%	69.05%	69.05%
FII	0.01%	0.1%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.32%	0.32%	0.39%	0.39%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%
	0%	0%	0%	0%	0%	0%	0%	0%	0.03%	0.03%	0.03%	0.03%
	30.59%	30.5%	30.53%	30.53%	30.6%	30.6%	30.47%	30.63%	30.6%	30.6%	30.6%	30.6%
No. of shareholders	—	—	—	—	—	—	—	—	10,245	9,983	9,795	9,733

Promoter holding down 0.03 percentage points since Sep 2023.

11 deals · 7 Apr 2022 – 30 Jul 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Jul 2025	JATESH JAIN	Bulk	NSE	Buy	1,66,165	₹147.85	₹2.46 Cr
30 Jul 2025	JATESH JAIN	Bulk	NSE	Sell	1,61,165	₹147.00	₹2.37 Cr
19 Jun 2025	JATESH JAIN	Bulk	NSE	Buy	1,43,286	₹143.93	₹2.06 Cr
19 Jun 2025	JATESH JAIN	Bulk	NSE	Sell	1,39,186	₹143.60	₹2.00 Cr
27 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,82,997	₹98.83	₹2.80 Cr
27 Sept 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,82,997	₹98.70	₹2.79 Cr
27 Sept 2023	VINODBHAI VIRJIBHAI SADARIYA	Bulk	NSE	Buy	2,32,704	₹100.01	₹2.33 Cr
27 Sept 2023	VINODBHAI VIRJIBHAI SADARIYA	Bulk	NSE	Sell	2,32,704	₹101.02	₹2.35 Cr
27 Sept 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,17,417	₹99.07	₹1.16 Cr
27 Sept 2023	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,17,417	₹99.11	₹1.16 Cr

1–10 of 11

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. ARUN KUMAR KOTHARINon-Executive - Non Independent Director-Chairperson related to Promoter
Mrs. PRABHAWATI DEVI KOTHARINon-Executive - Non Independent Director
Mr. ARVIND BAHETINon-Executive - Independent Director
Mr. MAHESH SODHANIExecutive Director-CEO-MD
Mr. Niraj SinghChief Financial Officer
Mr. KOTHANETH ASHOKNon-Executive - Independent Director
Mr. CHARUDATTA RAGHVENDRA PRAYAGNon-Executive - Independent Director
Ms. Neha SinghCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Gillanders Arbuthnot & Company Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

Credit ratings

Pursuant to Reg. 3o of SEBI(LODR) Regulations, 2015, please find attached the update in Credit Rating of the Company.10 Oct 2025

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

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Events

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

7

Dividend dividend5 Aug 2014 · ex-date₹0.75
Dividend dividend30 Jul 2013 · ex-date₹2
Dividend dividend1 Aug 2012 · ex-date₹0.5
Dividend dividend1 Aug 2011 · ex-date₹4.5
Dividend dividend28 Jul 2010 · ex-date₹5
Dividend dividend17 Aug 2009 · ex-date₹5
Dividend dividend4 Sept 2008 · ex-date₹4

1

Board meeting to consider results7 Aug 2026

1

Bonus 1:214 Sept 2010 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

49 announcementsExport CSV

21 Sept 2026, 11:19 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

21 Aug 2026, 10:39 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Aug 2026, 1:21 pmResult

Financial Results For Quarter And Three Months Ended 30Th June, 2026

Financial Results PDF

7 Aug 2026, 1:12 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting

Outcome of Board Meeting PDF

28 Jul 2026, 12:21 pmBoard Meeting

Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Three Months Ended 30Th June, 2026.

Exchange filing PDF

6 Jul 2026, 10:33 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

3 Jul 2026, 6:22 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Jul 2026, 12:39 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
21 Sept 2026, 11:19 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Aug 2026, 10:39 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	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 %	67.2%	57.5%	65.1%	71.8%	69.7%	70.1%	66.2%	72.3%
EBITDA margin %	8.7%	4.3%	7.1%	7.3%	2.7%	-9.3%	5.8%	5.4%
EBIT margin %	6%	1.3%	3.4%	4.3%	-0%	-12.5%	3.3%	2.9%
PAT margin %	0%	-2.3%	-3.6%	4%	3.3%	-13.4%	6%	2.2%
Working capital
Receivable days	47	45	54	36	21	29	51	54
Inventory days	278	206	240	389	287	314	225	407
Payable days	—	—	163	220	129	164	130	197
NWC days	—	—	130	204	179	180	146	263
Leverage
Current ratio	0.93	0.88	0.99	1.03	0.94	0.79	0.88	1.05
Debt to EBITDA	5.36	10.29	6.1	5.16	12.09	—	5.41	6.36
Debt to equity	1.21	1.06	0.74	0.57	0.52	0.59	0.57	0.58
Interest coverage	1.1	0.5	0.6	1.5	1.1	-2.2	2.1	1.9
Asset turnover	0.81	0.77	0.69	0.68	0.82	0.76	0.86	0.78
Return ratios
Return on assets %	0%	-1.8%	-2.5%	2.7%	2.7%	-10.2%	5.2%	1.7%
Return on capital employed %	11.9%	5.9%	6.4%	10.1%	5.8%	-11%	9.2%	7.9%
Return on equity %	0.1%	-5.5%	-6.2%	6.1%	5.4%	-22.4%	10.9%	3.7%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	40	47	69	102	73	66	69	59	33	8	14
	-8	41	-13	-18	1	111	-2	0	-3	-7	-8
	-30	-83	-74	-82	-73	-178	-68	-57	-30	-3	-4
Net cash flow	—	—	—	—	—	-2	-1	2	-0	-2	2
Free cash flow	25	—	—	—	—	61	61	48	28	-0	4
CFO / Operating profit %	—	—	138.4%	155.4%	255.8%	216.1%	230.2%	493.2%	—	30%	61%

Gillanders Arbuthnot & Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends7

Board meetings1

Bonus issues1

Announcements

Dividends7

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

ENGINEERING (MICCO) · revenue

7

1

1

7

1

1