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Dossier · ASIAN TEA & EXPORTS LTD. · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ASIAN TEA & EXPORTS LTD.
NSE: ASIANTNE · BSE: 519532
NSE: ASIANTNE · BSE: 519532
Services › Services › Commercial Services & Supplies › Trading & Distributors
ASIAN TEA & EXPORTS LTD.
StateQ4 FY26 filed
Last close · 27 Oct 2026₹8.80
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA12.1 · 0.31 · 17.4
ASIAN TEA & EXPORTS LTD. is a Commercial Services & Supplies company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 82 | 34 | 42 | 54 | 69 |
| EBITDA (ex other income) | 3 | (1) | (0) | 1 | 1 |
| margin % | 4.2 | (4.3) | (0.2) | 1.9 | 0.8 |
| Owners' profit | 3 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 2.22 | 0.71 | 0.05 | 0.24 | 0.23 |
| ROE % · ROCE % | 4.9 · 9.6 | 2.4 · 6.6 | 0.2 · 3.5 | 0.7 · 3.9 | 0.8 · 2.5 |
| Debt / equity (x) | 0.65 | 0.43 | 0.41 | 0.26 | 0.20 |
| Cash from operations | (9) | 3 | 5 | (4) | 13 |
| Capex | (0) | (0) | (5) | (0) | (4) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ASIAN TEA & EXPORTS LTD. · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 13 | 4 | 25 | 14 | 13 | 17 | 25 |
| Profit before tax | 1 | 1 | 1 | (1) | 0 | 1 | (0) | (0) |
| Net profit | 1 | 1 | 1 | (1) | 0 | 1 | (0) | (0) |
| EPS (₹) | 0.27 | 0.26 | 0.29 | 0.56 | 0.28 | 0.28 | 0.03 | 0.14 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| SEGMENT-DOMESTIC TEA & OTHER COMPONENT | 39 | 55.3 |
| SEGMENT-UNALLOCATED | 1 | 2.1 |
| a) Segment- Domestic-Tea & other component | 17 | 23.8 |
| c) Segment-unallocated | 0 | 0.1 |
| SEGMENT DOMESTIC - TEA AND OTHER COMPONENT | 13 | 18.7 |
| Total, before eliminations | 70 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 28,026 | 16.5 | 2.69 | 13.1 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,680 | 17.2 | 3.62 | 16.4 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,932 | 16.8 | 4.35 | 11.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,637 | 25.1 | 4.23 | 18.8 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,125 | — | 12.51 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 737 | 8.1 | 0.57 | 185.4 | 4.0 | 0.3 | 4.8 | 6.2 |
| SHIV AUM STEELS LIMITED | 734 | 64.6 | 6.08 | 46.9 | 6.0 | 6.9 | — | 4.9 |
| THE STATE TRADING CORPN | 601 | 0.9 | — | 50.9 | — | — | — | — |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.1 | 14.3 | 57 of 130 | 57% |
| P/B | 0.3 | 0.9 | 24 of 150 | 84% |
| ROCE | 0.9 | 2.1 | 107 of 177 | 40% |
| ROE | 0.8 | 2.3 | 97 of 158 | 39% |
| Debt / Equity | 0.2 | 0.1 | 101 of 154 | 35% |
| EBITDA margin | 0.2 | 4.5 | 106 of 137 | 23% |
| Revenue growth | 1.2 | (8.6) | 57 of 135 | 58% |
| Profit growth | 68.8 | 0.6 | 59 of 157 | 63% |
| Market cap | 22 | 21 | 87 of 179 | 52% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ASIAN TEA & EXPORTS LTD. · 28 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Key managerial personnel contact details updated | compliance | minimal | — | — |
| 15 Oct 2026 · AGM minutes filed: MD change from Hariram Garg to Sunil Garg | board shareholder meetings | low | — | — |
| 6 Oct 2026 · Quarterly share dematerialization certificate filed under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 29 Sept 2026 · Founder steps down as MD for health reasons, son takes over as MD | management changes | medium | — | — |
| 29 Sept 2026 · 40th AGM: all resolutions passed, new MD appointed, Hariram Garg steps down | compliance | minimal | — | — |
| 29 Sept 2026 · 40th AGM Results: All 5 resolutions passed with near-unanimous approval | compliance | minimal | — | — |
| 28 Sept 2026 · 40th AGM proceedings; MD change and director reappointment | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · AGM Proceedings: Hariram Garg Steps Down as MD, Sunil Garg Appointed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 7 Sept 2026 · CFO Rajesh Garg Resigns; Raunak Garg Named New CFO | management changes | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in