ABOUT TEESTA VALLEY TEA COMPANY LIMITED
TEESTA VALLEY TEA COMPANY LIMITED was established in 1841. The company is a renowned producer and exporter of Indian tea and tea accessories. The company has two tea gardens in Darjeeling, namely, Teesta Valley and Gielle, both are situated in the valet facing the Himalayas, facing KanchenJungha snow-clad peaks. The company manages over 35 lakh tea bushes on both tea gardens. The company manages an employee staff of 2000 people.
With the implementation of the better and latest technology, the company has continuously improved its produces and has successfully achieved higher production. The factories in both the gardens are large and equipped with the latest machinery.
The shareholders of the company had approved the scheme of amalgamation of the company with Bormah Jan Tea Company (1936) Limited in March 2018. The same is pending before NCLT for a final order.
The Equity Shares of TEESTA VALLEY TEA COMPANY LIMITED is listed on Calcutta Stock Exchange Limited.
20 November 1876
Category/Sub-category of the Company
A company having Share Capital
Address of the Registered office and contact details
5 & 7, Netaji Subhas Road, Kolkata – 700 001
Tel. – 033 22483585
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Maheshwari Datamatics Private Limited,
23, R.N. Mukherjee Road, Kolkata – 700 001
Tel. 033 22435029, 22482248
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to the total turnover of the Company
Growing and Manufacturing of Tea
BOARD OF DIRECTORS
Bharat Bajoria (Managing Director)
Radhey Kant Dixit
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
TEESTA VALLEY TEA COMPANY LIMITED does not have any subsidiary or associate company.
TEESTA VALLEY TEA COMPANY LIMITED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 94.50 Lakh
(As of 31-03-2020)
Number of shares
% of total Shares of the company
India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. North East and North Bengal are known to be the main tea-growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea-producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in the production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China, and Sri Lanka. But in 2019, India became the 2nd Largest tea producer in the world and produced around 1,339.70 million kg. India accounts for around 31% of the world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established the ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
PROFIT AND LOSS STATEMENT OF TEESTA VALLEY TEA COMPANY LIMITED (In Rs. Lakhs)
3 quarters of FY 2021
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
In FY 2020, the company produced 3,85,070 kgs of Tea, as against 3,69,984 kgs of Tea in FY 2019.
Revenue from Operations of the company decreased by 10% from Rs. 1735.68 lakhs in FY 2019 to Rs. 1,563.23 lakhs in FY 2020. In the first three quarters of FY 2021, the company earned operational revenue of Rs. 1,203.36 lakhs.
EBITDA of the company decreased from Rs. 141.44 lakhs in FY 2019 to Rs. 23.75 lakhs in FY 2020. In the first three quarters of FY 2021, EBITDA of the company stood at Rs. 193.51 lakhs.
The company incurred a loss of Rs. 80.86 lakhs in FY 2020. In the first three quarters of FY 2021, the net profit of the company stood at Rs. 121.90 lakhs.
Teesta Valley Tea Company Limited has not given any dividends for the past three years.
Powered by Froala Editor