Mcleod Russel India Ltd.
Snapshot View

32.80 +1.55 ▲5.0%

05 August 2021, 04:00:00 P.M.
Volume: 429,398

Overview View Details

Sector Agriculture Compare with Sector peers
Industry Tea/Coffee Compare with Industry peers
Website http://www.mcleodrussel.com
Financial Indicators
Market Cap 326.42 Cr.
Earnings per share (EPS) -5.02 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 65.95 Trailing Twelve Months Ending 2021-03
Book Value / Share 147.22 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.21 Calculated using Price: 31.25
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 10.45 Cr. 104,455,735 Shares
FaceValue 5
Company Profile

McLeod Russel began planting tea in India in 1869 and today is the largest tea producing Company in the world. We manage forty-eight tea estates in the Assam Valley and five in the Dooars region of West Bengal, three factories in Vietnam, six estates in Uganda and the management control of the world renowned Gisovu estate in Rwanda signify our international presence. Every year our estates produce in excess of 100 million kilograms of black tea, which is marketed worldwide under the registered trademark as shown.

We came into being in 1869, when Captain J.H. Williamson and Richard Boycott Magor, two Englishmen based in Calcutta, formed a partnership firm, Williamson Magor & Company, to service the requirements of tea estates in Assam. The offices were originally at 7 New China Bazaar Street, Calcutta, before they moved in 1894 to Four Mangoe Lane, where the Company is still located albeit in a new office building inaugurated in late 1960s. The Williamson Magor partnership grew in strength over the years and decided to become a Public Limited Co. in 1954 in the name and style of Williamson Magor & Co. Limited.

Brij Mohan Khaitan, (who had a long standing relationship with the Company by virtue of being the principal supplier of Packaging Materials and Fertilizers, was invited to join the Board of Directors in 1963) eventually became the Managing Director in 1964 and took the Company to new heights. In 1975, Williamson Magor merged with Macneill & Barry Ltd. which had also had interests in Tea besides other businesses. The new Company was christened Macneill & Magor Limited.

1987 was another milestone year for the Company. The Guthrie family in the UK sold their shareholding in the McLeod Russel group which included the Makum and Namdang Tea Companies, to the Khaitan family, making the Macneill and Magor Group the single largest producer of Assam tea, a position still held by the Group. In 1992, Macneill and Magor Limited was renamed Williamson Magor & Co. Limited.

In 1994 the Williamson Magor Group through McLeod Russel (India) Limited bought 51% of the Equity Share holdings of Union Carbide India Limited. The Company was renamed Eveready Industries India Limited. Subsequently, McLeod Russel India Limited was merged with Eveready Industries India Limited to form a new Company with two Divisions - the Bulk Tea Division which managed the tea estates of McLeod Russel and the Battery Division which produced and marketed the popular Eveready batteries and flashlights.

In April 2004 Eveready Industries de-merged the two divisions into two separate companies, McLeod Russel India Limited and Eveready Industries India Limited. This enabled McLeod Russel to concentrate on its core business of tea production. Eveready, with the second largest retail distribution network in India, enjoys more than 50% market share in their battery and flashlight business.

In July 2005, McLeod Russel acquired Borelli Tea Holdings Limited from the Magor family based in England and took over the seventeen tea estates of its Indian subsidiary Williamson Tea Assam Ltd. Over the next two years McLeod Russel acquired two more quality tea companies in Assam, namely Doom Dooma Tea Company and the Moran Tea Company India Limited. All three companies acquired between 2005 and 2007 have been merged with McLeod Russel India Limited thereby making the Group the largest tea producing company in the world. In March 2009 our wholly owned subsidiary, Borelli Tea Holdings Limited, U.K., acquired 100% of the Charter Capital of Phu Ben Tea Company Limited, Vietnam. Phu Ben includes three tea estates and produces 4.5 million kilograms of Black CTC, Green CTC & Orthodox Green tea.

Rwenzori Tea Investments Ltd, Uganda, was initially set up as a para-statal in 1994. The company was bought by James Finlay International and the Commonwealth Development Council (CDC) which jointly rehabilitated the tea estates and factories. In 2001 the CDC sold its stake to James Finlay International. In 2010, Borelli Tea Holdings acquired the Rwenzori Tea Investments Limited from James Finlay International Tea Holdings Ltd. McLeod Russel intends to continue the programme of systematic upgrades to the factories and estates.

The Republic of Uganda, described as the 'Pearl of Africa', is a landlocked country. It is situated north-west of Lake Victoria bordering Sudan to the north, Democratic Republic of Congo to the west, Rwanda and Tanzania to the south and Kenya to the east. A member of the newly formed East African Community (EAC), it has emerged from a difficult period to become a peaceful and stable nation.

In 2010 Mcleod Russel India Ltd acquired Borelli Tea Holdings Ltd . In 2011 the company set up of a subsidiary in Dubai.In February 2011 Borelli Tea Holdings took over management control of Gisovu Tea Company Limited in Rwanda. The country of Rwanda is also known as the 'Land of a Thousand Hills' and borders Lake Kivu and the Democratic Republic of Congo to its west, whilst to the east lies Tanzania and Lake Victoria, to the south is Burundi and to the north is Uganda.

In 2013 Borelli Tea Holdings Limited, the wholly owned subsidiary of Mcleod Russel India has set up a Company in Kenya by the name of ''McLeod Russel Africa Limited.

2016 -McLeod Russel - Amalgamation of Rwenzori Tea Investments Limited with McLeod

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.96%
1 Week
-5.88%
1 Month
-9.64%
3 Month
+38.11%
6 Month
+75.87%
1 Year
+171.75%
2 Year
+212.38%
5 Year
-82.89%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 27.52 21.88 17.57 2.18 2.24 4.01 12.73 2.21 -9.16
Return on Capital Employed (%) 28.31 24.34 20.18 4.79 6.92 7.64 15.80 12.40 1.00
Return on Assets (%) 12.55 11.07 9.51 1.14 1.08 1.88 6.01 0.89 -2.90

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,747 1,951 2,157 2,091 1,950 1,959 2,167 2,014 1,854
Non Curr. Liab. 243 137 188 334 576 465 620 464 377
Curr. Liab. 460 530 525 639 845 1,006 1,032 2,441 3,055
Minority Int. 12 15 18 24 18 22 23
Equity & Liab. 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,919 5,287
Non Curr. Assets 2,104 2,179 2,385 2,405 2,422 2,359 2,403 3,622 4,477
Curr. Assets 357 454 503 684 968 1,093 1,440 1,297 811
Misc. Exp. not W/O
Total Assets 2,461 2,634 2,888 3,089 3,390 3,452 3,843 4,919 5,287

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,445 1,669 1,789 1,646 1,926 1,871 2,055 1,723 1,143
Other Income 41 35 44 45 91 184 394 237 32
Total Income 1,486 1,703 1,833 1,691 2,018 2,054 2,449 1,960 1,174
Total Expenditure -1,056 -1,288 -1,436 -1,517 -1,757 -1,760 -1,915 -1,767 -1,103
PBIDT 430 416 397 174 260 294 534 193 71
Interest -57 -51 -60 -72 -109 -136 -180 -338 -227
Depreciation -37 -39 -38 -77 -102 -104 -102 -84 -78
Taxation -34 -43 -35 9 -14 10 -32 -22 41
Exceptional Items -9 0 -2 -1 289 44
PAT 294 282 262 34 35 64 219 39 -148

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 264 208 197 108 207 137 196 280 84
Cash Fr. Inv. -97 -70 -135 -271 -289 -68 -147 -323 -740
Cash Fr. Finan. -156 -125 -60 159 85 -64 -26 320 362
Net Change 11 13 2 -5 3 5 23 277 -295
Cash & Cash Eqvt 33 46 2 43 46 47 70 346 52

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 31.03 27.00 27.00 27.00 25.82 18.32 17.48 17.48 10.07
Public 68.97 73.00 73.00 73.00 74.18 81.68 82.52 82.52 89.93
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 98.40 98.16 98.16 98.16 98.07 97.29 97.16 97.16 95.06

Announcements View Details

Fri, 16 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0220
Name of the Signatory :- ALOK KUMAR SAMANT
Designation :- Company Secretary and Compliance Officer
Thu, 15 Jul 2021
Disclosures Under Regulation 31 (1) Of The SEBI (Substantial Acquisition Of Shares & Takeover) Regulations 2011 ('Takeover Code')
Disclosures under Regulation 31 (1) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations 2011 (Takeover Code)
Thu, 15 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
CERTIFICATE UNDER REGULATION 74(5) OF THE SEBI (DEPOSITORIES AND PARTICIPANTS) REGULATIONS 2018 FOR THE QUARTER ENDED 30TH JUNE 2021

Technical Scans View Details

Wed, 04 Aug 2021
Making Lower Lows for 3 days Making Lower Lows for 3 days
CCI Bullish CCI Bullish
Doji and Near Doji Doji and Near Doji
Tue, 03 Aug 2021
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days

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