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×

teesta valley tea company Limited

63.00
+ 0.00 %
Scrip Name
TEESTA VALLEY TEA
ISIN No.
INE718E01011
PAN No.
AAACT9762D
Face Value
9
No. of Outstanding Shares
150,000
Market Capitalization
94.50 Lakh

TEESTA VALLEY TEA COMPANY LIMITED SHARE


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.


INCORPORATION DETAILS


CIN

L15491WB1876PLC000347

Registration Date

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

Email: accounts@teestavalley.com

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

01271, 10791

100%

 

BOARD OF DIRECTORS

Bharat Bajoria (Managing Director)

AbhaBajoria

Radhey Kant Dixit

Mudit Bajoria

Dhruv Bajoria

Ram KishanNowal


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:

150,000

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE718E01011

PAN No. 

AAACT9762D

Lot Size:

50 Shares

Last Traded Price:

Rs. 63

Market Cap

Rs. 94.50 Lakh


SHAREHOLDING PATTERN

(As of 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Bharat Bajoria

21,560

14.37%

2

Other Promoters

71,003

47.34%

3

Public Shareholding

57,437

38.29%

 

Total

150,000

100.00%


INDUSTRY OUTLOOK

 

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)

 

Particulars

3 quarters of FY 2021

2020

2019

2018

Revenue from Operations

1,203.36

1,563.23

1,735.68

701.80

EBITDA

193.51

23.75

141.44

156.23

EBITDA margins

16.08%

1.52%

8.15%

22.26%

Finance Cost

50.94

75.99

78.22

74.51

Depreciation

38.87

51.82

58.64

70.29

Other Income

18.2

21.68

4.61

3.55

Profit Before Tax

121.90

-82.38

9.19

14.98

Total Tax

0

-1.52

-0.12

1.60

Profit After Tax (PAT)

121.90

-80.86

9.31

13.38

EPS

81.27

-54.92

6.13

9.99

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

1,367.07

1,447.94

1,443.63

 

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.


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2020-21

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2016-17

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2015-16

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2020-21

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