508670
Neelamalai Agro financials
- Market cap
- ₹214 Cr
- Sector
- Fast Moving Consumer Goods
What Neelamalai Agro does
Neelamalai Agro Industries Limited cultivates tea and manufactures made tea at two estates in the Nilgiris — Katary Estate (Coonoor) and Sutton Estate (Kullakamby). Green leaf plucked from its own gardens, supplemented by bought leaf purchased from other growers, is processed through withering, rolling, oxidation, drying and sifting at estate factories into made tea for sale.
Segments
- Tea (cultivation & manufacture)
- Tea production
- 13.14 lakh kg (FY25) vs 14.31 lakh kg (FY24)
- Average tea yield
- 2,308 kg/hectare (FY25) vs 2,512 kg/hectare (FY24)
- Bought leaf processed
- 0.85 lakh kg (FY25) vs 4.39 lakh kg (FY24)
- Tea estates
- 2 — Katary Estate (Coonoor) and Sutton Estate (Kullakamby), The Nilgiris
Quarterly results
Q1 FY27: revenue up 0.0%, net profit up 87.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 6 | 5 | 6 | 5 −17% | 7 +17% | 7 +40% | 6 +0% |
| EBITDA | 0 | -2 | -2 | 0 | -1 | 0 +100% | 0 +100% | 0 |
| Net profit | 6 | 9 | 4 | 8 | 5 −17% | 9 +0% | 7 +75% | 15 +88% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −9.9% 1Y
1Y: ₹3,700 on 10 Sept 2025 → ₹3,335.05. High ₹3,764.5 (16 Sept 2025), low ₹3,026.9 (28 Jul 2026).
Financials, as filed
Revenue grew 0.1% a year over 3 years, FY23 to FY26. Operating margin widened to -4.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹25 Cr | ₹25 Cr | ₹24 Cr | ₹25 Cr |
| Operating profit | ₹-4 Cr | ₹-4 Cr | ₹-4 Cr | ₹-1 Cr |
| Operating margin | -14.5% | -16.0% | -16.7% | -4.0% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹28 Cr | ₹39 Cr | ₹23 Cr | ₹29 Cr |
| Net margin | 112.8% | 156.0% | 95.8% | 116.0% |
| Cash from operations | ₹-2 Cr | ₹-4 Cr | ₹-4 Cr | ₹-4 Cr |
| Free cash flow | ₹-3 Cr | ₹11 Cr | ₹-8 Cr | ₹-7 Cr |
| ROCE | 12.0% | 9.0% | 8.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹189 Cr | ₹218 Cr | ₹245 Cr | ₹276 Cr | ₹310 Cr | ₹327 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹8 Cr | ₹11 Cr | ₹8 Cr | ₹8 Cr | ₹11 Cr | ₹11 Cr |
| Total liabilities | ₹198 Cr | ₹230 Cr | ₹254 Cr | ₹285 Cr | ₹322 Cr | ₹338 Cr |
| Fixed assets | ₹6 Cr | ₹3 Cr | ₹4 Cr | ₹6 Cr | ₹8 Cr | ₹8 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹184 Cr | ₹213 Cr | ₹241 Cr | ₹272 Cr | ₹301 Cr | ₹316 Cr |
| Other assets | ₹8 Cr | ₹12 Cr | ₹9 Cr | ₹8 Cr | ₹12 Cr | ₹13 Cr |
| Total assets | ₹198 Cr | ₹230 Cr | ₹254 Cr | ₹285 Cr | ₹322 Cr | ₹338 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 4% to 1,519.
- Promoters
- 72.5%
- DIIs
- 0.6%
- Public
- 26.9%
Since Jun 2025
- DIIs −0.08 pp
- Public +0.08 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Dec '23: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Mar '24: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Jun '24: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Sep '24: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Dec '24: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Mar '25: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Jun '25: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Sep '25: Promoters 72.5%, DIIs 0.7%, Public 26.9%.Dec '25: Promoters 72.5%, DIIs 0.6%, Public 26.9%.Mar '26: Promoters 72.5%, DIIs 0.6%, Public 26.9%.Jun '26: Promoters 72.5%, DIIs 0.6%, Public 26.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs +0.14 pp 8.25% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Neelamalai Agro above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ajit Thomas | 66.65% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 8.25% | +0.14 pp |
| The Midland Rubber And Produce Company Limited | 5.80% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
ExpensiveTo justify its price of ₹3335, this stock must grow earnings at 4% every year for 7 years. Our analysis caps realistic growth at ~1%. At that growth it is worth ₹2784 — downside of 17%.
- Growth the price implies
- 4.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 1.0% a year
- net profit, FY23–FY26 · EPS 1.2%
- The gap
- 0.0 pp
- -17% downside if it only repeats history
Learn to analyse Neelamalai Agro
Guides on how to read this kind of business and the numbers that matter.