Mcleod Russel India Ltd

₹ 33.2 -4.70%

23 Mar 11:04 a.m.

mcleodrussel.com BSE: 532654 NSE: MCLEODRUSS

About

Incorporated in 1998, McLeod Russel
India Ltd is in the business of cultivation
and manufacturing of tea^[1]

Key Points

Business Overview:^[1]^[2]
MLRL is a tea plantation company of Kolkata-based B.M. Khaitan Group and was formed
after the demerger of the bulk tea business from Eveready Industries India Ltd. It is in the business of cultivation, manufacture, and sale
of tea and is managed as a single-unit organization.

Website BSE NSE

Market Cap ₹ 347 Cr.
Current Price ₹ 33.2
High / Low ₹ 68.7 / 29.4
Stock P/E
Book Value ₹ -4.29
Dividend Yield 0.00 %
ROCE -1.45 %
ROE -422 %
Face Value ₹ 5.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 3.65% over past five years.
Promoter holding is low: 6.24%
Company has a low return on equity of -45.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	412	161	153	324	290	157	151	412	334	128	168	324	398
	453	272	151	205	324	315	140	255	357	250	165	232	392
Operating Profit	-41	-111	2	119	-35	-159	10	156	-22	-122	3	92	7
OPM %	-10%	-69%	1%	37%	-12%	-101%	7%	38%	-7%	-96%	2%	28%	2%
	5	-931	1	1	1	2	0	0	1	1	1	0	0
Interest	37	69	49	43	43	50	43	44	58	65	41	42	40
Depreciation	13	13	13	13	13	13	12	12	13	13	12	12	12
Profit before tax	-86	-1,124	-59	64	-90	-219	-45	100	-92	-200	-49	38	-45
Tax %	-17%	-4%	5%	-2%	-13%	-13%	-19%	13%	-15%	-15%	-19%	22%	-32%
	-71	-1,079	-62	65	-78	-190	-36	88	-78	-169	-40	29	-31
EPS in Rs	-6.79	-103.33	-5.92	6.20	-7.48	-18.23	-3.49	8.39	-7.48	-16.22	-3.84	2.79	-2.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,475	1,388	1,507	1,485	1,596	1,313	856	1,112	1,109	1,097	923	1,024	1,018
	1,206	1,261	1,419	1,455	1,574	1,406	817	947	1,020	1,035	997	1,002	1,040
Operating Profit	269	127	88	31	22	-93	40	165	89	62	-74	22	-21
OPM %	18%	9%	6%	2%	1%	-7%	5%	15%	8%	6%	-8%	2%	-2%
	43	53	94	184	315	489	209	8	6	-920	6	2	2
Interest	56	66	101	128	171	327	214	187	152	184	185	210	188
Depreciation	24	60	81	83	83	69	62	71	56	53	52	50	49
Profit before tax	232	53	0	5	83	0	-28	-84	-114	-1,094	-304	-236	-257
Tax %	10%	-17%	-2,058%	-511%	19%		-144%	-37%	19%	-4%	-13%	-17%
	208	62	4	31	67	-4	12	-53	-136	-1,049	-266	-196	-211
EPS in Rs	19.01	5.66	0.37	2.79	6.14	-0.42	1.18	-5.06	-13.04	-100.47	-25.43	-18.80	-20.21
Dividend Payout %	37%	53%	534%	9%	8%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	4%
3 Years:	-3%
TTM:	-3%

Compounded Profit Growth
10 Years:	%
5 Years:	-36%
3 Years:	-18%
TTM:	3%

Stock Price CAGR
10 Years:	-15%
5 Years:	10%
3 Years:	22%
1 Year:	-10%

Return on Equity
10 Years:	-7%
5 Years:	-17%
3 Years:	-46%
Last Year:	-422%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	55	55	55	55	55	52	52	52	52	52	52	52	52
Reserves	1,865	1,833	1,686	1,689	1,756	1,622	1,589	1,567	1,431	357	90	-102	-97
	221	404	649	791	975	1,630	2,099	2,046	1,883	1,789	1,747	1,766	1,768
	365	310	517	486	517	770	689	765	963	1,127	1,349	1,580	1,719
Total Liabilities	2,505	2,601	2,906	3,020	3,302	4,075	4,430	4,430	4,329	3,325	3,238	3,297	3,443
	1,646	1,618	1,627	1,636	1,606	1,089	1,015	962	966	958	920	895	872
CWIP	39	43	83	82	95	47	53	58	43	40	39	36	42
Investments	240	239	307	302	325	272	170	213	222	212	222	218	230
	580	702	890	1,000	1,276	2,667	3,192	3,197	3,098	2,115	2,057	2,147	2,299
Total Assets	2,505	2,601	2,906	3,020	3,302	4,075	4,430	4,430	4,329	3,325	3,238	3,297	3,443

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	165	123	147	81	84	361	-3	153	71	145	57	29
	-55	-151	-250	-64	-98	-319	-651	0	-44	-33	-7	-22
	-109	32	106	-18	11	261	387	-80	-98	-119	-59	-4
Net Cash Flow	1	3	2	-1	-3	304	-267	74	-71	-7	-9	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	7	17	18	18	23	7	7	5	11	9	14	13
Inventory Days	220	268	250	260	225	221		317	262
Days Payable	115	152	169	190	192	368		321	280
Cash Conversion Cycle	112	133	100	88	56	-140	7	1	-8	9	14	13
Working Capital Days	-23	1	21	6	55	-489	-1,000	-814	-811	-875	-1,128	-1,082
ROCE %	14%	5%	4%	5%	10%	5%	2%	3%	1%	1%	-6%	-1%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Tea Estates (India)
Number

xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
xxx.xx	xxx.xx	xxx.xx		xxx.xx		xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx				x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx
		xx,xxx		xx,xxx	xx,xxx	xx,xxx	xx,xxx		xx,xxx	xx,xxx	xx,xxx
				xx.xx		xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
				xx.xx			x.xx	x.xx	xx.xx	x.xx
				x,xxx			x,xxx	x,xxx	x,xxx	x,xxx

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Total Saleable Production (India)
Lakh Kg

Average Selling Price (India)
Rs./Kg

Area Under Cultivation (India)
Hectares

Total Personnel Employed
Number

Own Leaf Production (India)
Million Kg

Bought Leaf Production (India)
Million Kg

Tea Yield (Own Leaf)
Kg/Hectare

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%	6.25%
	0.01%	0.00%	0.04%	1.37%	2.15%	1.60%	1.86%	1.37%	1.48%	1.56%	1.50%	1.43%
	1.48%	1.34%	1.34%	1.34%	1.34%	1.31%	1.31%	1.29%	1.28%	1.28%	1.25%	0.61%
	92.26%	92.41%	92.38%	91.04%	90.26%	90.85%	90.59%	91.10%	91.00%	90.92%	91.01%	91.71%
No. of Shareholders	66,997	66,906	66,980	65,985	65,501	64,865	65,826	64,587	63,580	62,795	63,840	61,762

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	49.89%	40.76%	42.71%	27.00%	17.48%	6.25%	6.25%	6.25%	6.25%	6.25%
	17.55%	23.19%	23.14%	0.87%	0.69%	2.21%	0.01%	2.15%	1.48%	1.43%
	14.50%	12.94%	16.16%	9.43%	1.48%	1.48%	1.48%	1.34%	1.28%	0.61%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%
	18.06%	23.12%	18.00%	62.70%	80.35%	90.04%	92.26%	90.26%	91.00%	91.71%
No. of Shareholders	65,394	57,442	55,327	60,779	60,852	70,260	66,997	65,501	63,580	61,762

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Mcleod Russel India Ltd

Mcleod Russel India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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