MarketFriction

CCL Products (India) Ltd

NSE CCL · BSE 519600 · Tea & Coffee
₹1,056.60 +3.64%
NSE close2026-10-01
52 week range815.50 - 1,242.20
Market cap₹13,436 Cr.
P/E31.1
Nifty 500Smallcap 250 Price band 20% Delivery 62.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6086647277737387588361,0561,1271,0511,2241,200
Expenses4985546096436016346738979308661,0331,007
Operating Profit110111118130137124163159197185192194
OPM %18%17%16%17%19%16%20%15%18%18%16%16%
Other Income114113421323
Interest182321212731343433323029
Depreciation232231232425273439394039
Profit before tax70677087877210694127116123129
Tax %13%5%7%18%15%12%4%23%21%14%7%9%
Net Profit61636571746310272101100115117
EPS in Rs4.574.764.885.355.544.727.635.437.557.518.588.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9329761,1381,0811,1391,2421,4622,0712,6543,1064,4574,602
Expenses7277448998368539451,1311,6712,2082,5513,7233,835
Operating Profit205232239245286298331400445555734767
OPM %22%24%21%23%25%24%23%19%17%18%16%17%
Other Income115343436879
Interest1111881817163478113129124
Depreciation28333432474957649898152157
Profit before tax167189202209225235261305276352461496
Tax %27%29%27%26%26%22%22%7%9%12%16%
Net Profit122135148155166182204284250310388433
EPS in Rs9.1810.1211.1411.6412.4713.7015.3621.3518.7323.2429.0732.39
Dividend Payout %27%25%22%30%40%29%33%26%24%22%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%29%29%36%
Compounded Profit Growth12%16%11%39%
Stock Price CAGR14%21%16%19%
Return on Equity18%18%17%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital272727272727272727272727
Reserves3954836027138129021,0611,2241,4711,6471,9412,318
Borrowings2292101423114164695596559201,6221,8151,324
Other Liabilities111817883166112142164180240459657
Total Liabilities7628018481,1341,4221,5091,7882,0702,5973,5364,2414,326
Fixed Assets3404173933713837247988821,2571,2521,6222,027
CWIP5300226424100149160545014503
Investments222111000003
Other Assets3673824535356136848411,0281,2861,7832,1692,293
Total Assets7628018481,1341,4221,5091,7882,0702,5973,5364,2414,326
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1051611021451629117111617355290858
Cash from Investing Activity-19-87-20-247-175-88-153-192-307-527-41518
Cash from Financing Activity-93-82-8412942-3764916455953-757
Net Cash Flow-8-8-22729-3582-673086-72120
Free Cash Flow847484-78-80216-74-159-458-128788
CFO/OP86%97%67%84%89%50%66%47%52%19%57%123%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days475061587986888078688167
Inventory Days1169912197123170198262187185208131
Days Payable298853516132324234432
Cash Conversion Cycle134142174150168240272319241230246166
Working Capital Days4537818943103597758404241
ROCE %23%26%27%23%19%18%17%16%16%12%13%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters46.26%46.26%46.26%46.09%46.09%46.09%46.09%46.09%46.11%46.11%46.11%46.14%
FIIs7.75%7.77%8.12%9.76%10.17%10.14%10.20%10.64%10.52%11.01%11.24%12.07%
DIIs21.39%21.44%21.73%20.57%21.01%21.06%20.88%21.19%21.83%21.53%21.43%21.10%
Public24.61%24.54%23.89%23.60%22.73%22.73%22.82%21.80%21.29%21.11%20.97%20.54%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.26%0.25%0.25%0.25%0.15%
No. of Shareholders64,00361,20255,49558,89053,64552,65152,97054,98855,69060,55262,29363,904

Fundamentals

Market Cap₹ 13,436 Cr.
Current Price₹ 1,006
Stock P/E31.1
Book Value₹ 176
ROCE15.8 %
ROE18.0 %
Dividend Yield0.57 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)36%
Compounded Profit Growth (TTM)39%
Consolidated figures.
Valuation
Market capRs 14,109 Cr
Enterprise valueRs 15,215 Cr
P/E (TTM)32.62x
Price to book6.02x
Price to sales3.07x
EV / EBITDA19.59x
EV / EBIT24.57x
EV / sales3.31x
Price to cash flow16.44x
Earnings yield3.07%
Dividend yield0.54%
P/E, 3-year average30.30x
P/B, 3-year average4.79x
P/E, 5-year average28.75x
P/B, 5-year average4.74x
Profitability
Operating margin (excl. other income)16.47%
Operating margin (incl. other income)16.63%
EBITDA margin16.88%
Pre-tax margin10.77%
Net profit margin9.40%
Net margin, latest quarter9.74%
ROE18.00%
ROCE15.82%
ROA9.06%
ROE, 3-year average16.94%
ROCE, 3-year average13.78%
ROA, 3-year average8.40%
ROE, 5-year average17.79%
ROCE, 5-year average14.54%
ROA, 5-year average9.59%
ROIC (approx.)15.12%
Tax rate15.76%
Other income / net worth0.32%
Growth
Sales growth (latest year)43.52%
Profit growth (latest year)25.06%
Sales CAGR, 3 years29.11%
Sales CAGR, 5 years29.11%
Profit CAGR, 3 years10.98%
Profit CAGR, 5 years16.32%
Sales growth QoQ-1.96%
Profit growth QoQ2.05%
Sales growth YoY (latest quarter)13.72%
Profit growth YoY (latest quarter)61.33%
Per share
EPS (TTM)Rs 32.39
EPS (latest year)Rs 29.07
EPS (latest quarter)Rs 8.75
EPS, 3-year averageRs 23.70
EPS, 5-year averageRs 21.56
Book value per shareRs 175.59
Sales per shareRs 344.66
Cash flow per shareRs 64.28
Free cash flow per shareRs 59.01
Dividend per share (latest year)Rs 5.75
Dividend per share, 3-year averageRs 5.08
Dividend per share, 5-year averageRs 5.15
Dividends
Dividend payout19.79%
Dividend payout, 3-year average21.75%
Dividend payout, 5-year average24.71%
Efficiency
Asset turnover1.03x
Fixed asset turnover2.20x
Inventory turnover3.22x
Inventory days113 days
Debtor days67 days
Debtors turnover5.46x
Creditor days32 days
Cash conversion cycle166 days
Working capital days41 days
Leverage
Total debtRs 1,324 Cr
Cash and bankRs 218 Cr
Net debtRs 1,107 Cr
Debt to equity0.56x
Net debt / EBITDA1.43x
Interest coverage5.00x
Current ratio (filing 2026-03-31)1.49x
Quick ratio (filing 2026-03-31)0.79x
Trade payables (filing 2026-03-31)Rs 254 Cr
Owners' fund to total sources54.19%
Debt to assets30.61%
Cash flow
Cash from Operating Activity (latest year)Rs 858 Cr
Cash from Investing Activity (latest year)Rs 18 Cr
Cash from Financing Activity (latest year)Rs -757 Cr
Net Cash Flow (latest year)Rs 120 Cr
Free cash flow (latest year)Rs 788 Cr
FCFE (approx.: FCF + change in debt)Rs 298 Cr
Cash from ops / profit, 5 years1.04x
Sales to cash flow5.19x
Statement figures
Net sales (TTM)Rs 4,602 Cr
Net sales (latest year)Rs 4,457 Cr
Sales (latest quarter)Rs 1,200 Cr
Operating profit excl. other income (latest year)Rs 734 Cr
Operating profit (latest quarter)Rs 194 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 777 Cr
PBDT (TTM)Rs 653 Cr
Profit before tax (TTM)Rs 496 Cr
Tax (latest year)Rs 73 Cr
Net profit (TTM)Rs 433 Cr
Net profit (latest year)Rs 388 Cr
Net profit (latest quarter)Rs 117 Cr
Depreciation (TTM)Rs 157 Cr
Depreciation (latest quarter)Rs 39 Cr
Interest (TTM)Rs 124 Cr
Cost of goods sold (latest year)Rs 3,358 Cr
Total expenditure (latest year)Rs 3,723 Cr
Total income (latest year)Rs 4,465 Cr
Share capitalRs 27 Cr
ReservesRs 2,318 Cr
Shareholders' fundsRs 2,345 Cr
Total assetsRs 4,326 Cr
Net blockRs 2,027 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 3 Cr
ReceivablesRs 817 Cr
InventoryRs 1,042 Cr
Other liabilitiesRs 657 Cr
Shares outstanding (crore)13.35
Ownership
Promoter holding46.14% (+0.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 32.6 is at the 69th percentile of its own 9.4-year range (median 29.4, low 15.3, high 42.3).
P/B 6.02 is at the 76th percentile (median 5.28).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCCLNifty 50Difference
1 week+1.6%-2.8% +4.4 pts
1 month-4.0%-6.8% +2.8 pts
3 months-9.9%-7.6% -2.3 pts
6 months+1.5%+0.4% +1.1 pts
1 year+17.6%-9.9% +27.6 pts
2 years+43.0%-13.6% +56.6 pts
3 years+63.6%+14.2% +49.5 pts
5 years+175.6%+27.9% +147.7 pts
75 mutual fund schemes hold about ₹2,672 Cr. Over three months 15 bought more and 19 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Axis Small Cap Fund2.31%726 -5%
Motilal Oswal Small Cap Fund3.37%275 +3%
HSBC Small Cap Fund1.21%231 -5%
Parag Parikh ELSS Tax Saver Fund2.70%151 +1%
HSBC Value Fund0.97%149 -2%
SBI MNC Fund2.04%137 -14%
Franklin India Small Cap Fund0.86%127 -33%
SBI Flexicap Fund0.52%122 -1%
Aditya Birla SL Small Cap Fund1.84%115 -7%
Sundaram Aggressive Hybrid Fund(M0.82%77 +50%
Canara Rob ELSS-Tax Saver Fund0.77%67 +0%
HSBC Multi Cap Fund1.01%62 -8%
SBI Quality Fund1.85%49 -8%
Axis Multicap Fund0.42%46 -11%
HSBC Consumption Fund1.73%31 -5%
Invesco India Multicap Fund0.69%31 +30%
Sundaram Multi Asset Allocation Fund0.77%26 +44%
PGIM India Small Cap Fund1.36%24 -7%
WOC Special Opp Fund1.04%20 +7%
HSBC India Export Opportunities Fund1.34%18 -8%
HSBC Aggressive Hybrid Fund0.30%17 -2%
Invesco India Consumption Fund2.69%16 -4%
SBI Comma Fund1.18%15 -6%
Edelweiss Aggressive Hybrid Fund0.35%14 -4%
Sundaram Dynamic Asset Allocation Fund0.74%12 +50%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,200 Cr +13.6% vs Jun 2025. Net profit ₹117 Cr +62.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-01Dividend - Rs 3 Per Share
2026-02-10Interim Dividend - Rs 2.75 Per Share
2025-08-07Dividend - Rs 5 Per Share
2024-09-13Dividend - Rs 2 Per Share
2024-02-15Interim Dividend - Rs 2.50 Per Share
2023-08-11Dividend - Rs 2.50 Per Share
2023-01-31Interim Dividend - Rs 3 Per Share
2022-08-25Dividend - Rs 2 Per Share
2022-01-31Interim Dividend - Rs 3 Per Share
2021-08-18 Dividend - Rs 2 Per Share
2021-08-18 Annual General Meeting
2020-10-28 Interim Dividend - Rs 2 Per Share
2020-03-06 Interim Dividend - Rs 1.5 Per Share Special Dividend - Rs 1.5 Per Share
2020-02-06 Interim Dividend - Rs 2 Per Share
2019-08-01 Annual General Meeting/Dividend - Rs 1.75 Per Share
2019-04-02 Interim Dividend - Rs 1.75 Per Share
2018-07-06 Dividend- Rs 2.50 Per Share
2017-07-04 Dividend - Rs 2.50 Per Share (Book Closure Dates Revised)
2016-09-16 Dividend - Re 1/- Per Share
2016-03-17 Interim Dividend - Rs 1.50 Per Share (Purpose Revised)
2015-07-10Annual General Meeting/ Dividend - Rs 1.50/- Per Share (Book Closure Dates Revised)
2014-07-10Annual General Meeting/Final Dividend Rs.1.20/- Per Share
2013-08-19Bonus 1:1 And Face Value Split From Rs.10/- To Rs.2/-0.1000
2013-07-12Annual General Meeting/Dividend Rs 5/- Per Share
2012-09-17Annual General Meeting/Dividend Rs 5 Per Share
2011-08-04Dividend-Rs.2/- Per Share
2010-11-03Annual General Meeting And Dividend Rs.1.50 Per Share
2009-08-27Div-Re.1/- Per Share Bc Dates Revised
2008-09-18Agm/Dividend - 50%
2007-09-18Agm/Div-Rs.5/- Per Sh
2006-09-19Agm/Fin Div-Rs.2/- Per Sh
DateTypeWhat it says
2026-09-28ESOPAllotment of 2100 Shares. The same is being given in supersession to our earlier disclosure dated 25.09.2026
2026-09-25ESOPAllotment of 2100 Shares.
2026-09-11ESOPAllotment of 6785 Shares.
2026-09-08Shareholder meetingVoting results.
2026-09-08General UpdatesThe link of the recording of the 65th Annual General Meeting
2026-09-08Shareholder meetingProceedings of Annual General Meeting held on September 08, 2026
2026-08-17Shareholder meetingNotice of Annual General Meeting to be held on Tuesday, September 08, 2026, at 10:00 A.M. (IST) through Video Conferencing (VC)/ Other Audio-Visual Me...
2026-08-05Concall / analyst meetSchedule of meet
2026-08-03ESOPAllotment of 4200 Shares.
2026-07-30Credit Rating- NewPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that ICRA Limited h...
2026-07-30Concall / analyst meetTranscript
2026-07-28Concall / analyst meetLink of Recording
2026-07-27General UpdatesGeneral Updates
2026-07-27Record DateRecord date for the purpose of Dividend is 01-Sep-2026.
2026-07-27Board meeting outcomeThe Board of Directors of the Company, at their just concluded meeting, have decided on the following matters: 1. Approved the un-audited standalone &...
2026-07-22Concall / analyst meetSchedule of meet
2026-07-21ESOPAllotment of 2000 Shares.
2026-07-13ESOPOf 2100 Options.
2026-06-16Concall / analyst meetSchedule of meet
2026-06-11Concall / analyst meetSchedule of meet
2026-06-11Concall / analyst meetSchedule of meet
2026-06-09Volume querySignificant increase in volume has been observed in CCL Products (India) Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-06-08Volume querySignificant increase in volume has been observed in CCL Products (India) Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-06-04ESOPAllotment of 88027 Shares.
2026-06-03ESOPAllotment of 40656 Shares.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of CCL Products (India) Ltd?

CCL Products (India) Ltd (CCL) has a market capitalisation of Rs 13,436 Cr. at the 2026-10-01 close.

What is the P/E ratio of CCL Products (India) Ltd?

CCL Products (India) Ltd trades at a P/E of 31.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were CCL Products (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, CCL Products (India) Ltd sales was Rs 1,200 Cr (+13.6% vs Jun 2025) and net profit was Rs 117 Cr.

What is the 52-week high and low of CCL Products (India) Ltd?

The 52-week high is Rs 1,242.20 and the 52-week low is Rs 815.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03