UNITEDTEA
The United Nilgiri Tea Estates Company financials
- Market cap
- ₹218 Cr
- Sector
- Fast Moving Consumer Goods
What The United Nilgiri Tea Estates Company Limited does
The United Nilgiri Tea Estates Company Limited grows tea and manufactures finished tea across four estates in The Nilgiris, Tamil Nadu — Chamraj, Allada Valley, Devabetta and Korakundah. Green leaf is processed into green tea, CTC, Orthodox and specialty teas at its Chamraj, Allada Valley and Korakundah factories. The finished tea is sold in the domestic market and through exports.
Segments
- Tea plantations & manufacturing
- Tea estates
- 4 (Chamraj, Allada Valley, Devabetta, Korakundah)
- Tea processing factories
- 3 (Chamraj, Allada Valley, Korakundah)
- Tea manufactured (FY25)
- 30.43 lakh kg
- Tea sold (FY25)
- 34.25 lakh kg
- Tea varieties produced
- Green tea, CTC, Orthodox, Specialty
- Captive renewable power capacity
- 186 kW (two 63 kW solar plants at Chamraj & Allada Valley factories + 60 kW hydro plant at Korakundah)
Quarterly results
Q1 FY27: revenue down 10.5%, net profit down 20.4% 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 | 25 | 23 | 19 | 22 | 21 −15% | 24 +4% | 16 −14% | 20 −10% |
| EBITDA | 5 | 4 | 3 | 7 | 5 −12% | 5 +20% | 3 +30% | 5 −24% |
| Net profit | 6 | 5 | 4 | 8 | 5 −23% | 5 +18% | 4 −4% | 6 −20% |
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 −11.2% 1Y
1Y: ₹487.55 on 10 Sept 2025 → ₹432.95. High ₹565.95 (16 Apr 2026), low ₹419.15 (7 Nov 2025).
Financials, as filed
Revenue fell 0.1% a year over 3 years, FY23 to FY26. Operating margin widened to 23.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹84 Cr | ₹84 Cr | ₹90 Cr | ₹83 Cr |
| Operating profit | ₹14 Cr | ₹16 Cr | ₹15 Cr | ₹20 Cr |
| Operating margin | 16.5% | 19.6% | 17.1% | 23.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹3 Cr |
| Net profit | ₹12 Cr | ₹16 Cr | ₹19 Cr | ₹22 Cr |
| Net margin | 14.5% | 19.1% | 20.6% | 26.3% |
| Cash from operations | ₹15 Cr | ₹8 Cr | ₹21 Cr | ₹13 Cr |
| Free cash flow | ₹11 Cr | ₹6 Cr | ₹18 Cr | ₹9 Cr |
| ROCE | 8.0% | 10.0% | 10.0% | 11.0% |
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 | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹161 Cr | ₹170 Cr | ₹182 Cr | ₹199 Cr | ₹227 Cr | ₹236 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹12 Cr | ₹12 Cr | ₹11 Cr | ₹13 Cr | ₹14 Cr | ₹14 Cr |
| Total liabilities | ₹177 Cr | ₹187 Cr | ₹198 Cr | ₹217 Cr | ₹246 Cr | ₹256 Cr |
| Fixed assets | ₹44 Cr | ₹43 Cr | ₹44 Cr | ₹43 Cr | ₹43 Cr | ₹45 Cr |
| Capital work in progress | ₹1 Cr | ₹2 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Investments | ₹102 Cr | ₹107 Cr | ₹127 Cr | ₹134 Cr | ₹154 Cr | ₹169 Cr |
| Other assets | ₹30 Cr | ₹34 Cr | ₹25 Cr | ₹38 Cr | ₹46 Cr | ₹42 Cr |
| Total assets | ₹177 Cr | ₹187 Cr | ₹198 Cr | ₹217 Cr | ₹246 Cr | ₹256 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
Since Jun 2025, DIIs trimmed −0.34 pp while the public added +0.28 pp. The shareholder count shrank 17% to 4,646.
- Promoters
- 49.9%
- DIIs
- 3.6%
- Public
- 46.6%
Since Jun 2025
- DIIs −0.34 pp
- Public +0.28 pp
- Promoters +0.07 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 49.8%, DIIs 4.4%, Public 45.8%.Dec '23: Promoters 49.8%, DIIs 4.4%, Public 45.8%.Mar '24: Promoters 49.8%, DIIs 4.4%, Public 45.8%.Jun '24: Promoters 49.8%, DIIs 4.4%, Public 45.8%.Sep '24: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Dec '24: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Mar '25: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Jun '25: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Sep '25: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Dec '25: Promoters 49.8%, DIIs 3.9%, Public 46.3%.Mar '26: Promoters 49.9%, DIIs 3.9%, Public 46.2%.Jun '26: Promoters 49.9%, DIIs 3.6%, Public 46.6%.
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.
- Monet Securities Private Ltd newly disclosed 2.73% held
- Vikas Mehra +0.30 pp 3.49% held
The same filing shows 1 holder 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 The United Nilgiri Tea Estates Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tractors And Farm Equipment Limited | 17.12% | unchanged |
| T Stanes And Company Limited | 16.82% | unchanged |
| Amalgamations Private Limited | 8.19% | unchanged |
| Mr. A.KRISHNAMOORTHY Trustee of T Stanes & Co Limited Staff Pension Fund | 5.30% | unchanged |
| Trusts where any person belonging to "Promoter and Promoter Group" category is "trustee", "beneficiary", or "author of the trust" | 5.30% | unchanged |
| P P Zibi Jose | 4.32% | unchanged |
| Vikas Mehra | 3.49% | +0.30 pp |
| Ms. MALLIKA SRINIVASAN | 2.97% | unchanged |
| Monet Securities Private Ltd | 2.73% | newly disclosed |
| LICI Asm Non Par Insurer | 2.02% | −0.35 pp |
| Mr. MURALI SRINIVASAN VENKATRAMAN | 1.52% | unchanged |
| United India Insurance Company Limited Insurer | 1.50% | 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
AttractiveTo justify its price of ₹433, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~22%. At that growth it is worth ₹1030 — upside of 138%.
- Growth the price implies
- 5.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 21.9% a year
- net profit, FY23–FY26 · EPS 21.9%
- The gap
- -0.2 pp
- 138% downside if it only repeats history
Learn to analyse The United Nilgiri Tea Estates Company Limited
Guides on how to read this kind of business and the numbers that matter.