BSE: 532230
BENGAL TEA & FABRICS LTD.
Cultivates, processes and sells tea, having wound down its textile and real estate operations. The Tea Division was the only operating segment in FY26, generating Rs 53.73 crore of segment revenue. Total revenue from operations for FY26 stood at Rs 52.53 crore, with net profit of Rs 4.49 crore. Employee costs dominate the cost structure, followed by other operating expenses and raw materials. The board approved an MOU in April 2026 to acquire a tea estate, indicating an expansion of tea operations. The Real Estate segment, which contributed Rs 16.46 crore of revenue in FY25, generated nothing in FY26 after the company exited that business. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Tea Division (100%). Single-segment tea company, labour-intensive operations with non-core businesses wound down
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 55 | 50 | 56 | 54 | 53 |
| EBITDA (ex other income) | 40 | 0 | (3) | (0) | 2 |
| margin % | 72.5 | 0.1 | (5.6) | (0.2) | 4.1 |
| Owners' profit | 18 | 0 | (3) | 84 | 4 |
| EPS, as reported (₹) | 20.30 | 0.25 | (3.73) | 92.85 | 4.99 |
| ROE % · ROCE % | 15.9 · 33.5 | 0.2 · 0.9 | (3.1) · 1.6 | 43.7 · 4.3 | 2.3 · 4.7 |
| Debt / equity (x) | 0.01 | 0.06 | 0.06 | 0.03 | 0.05 |
| Cash from operations | 9 | 2 | 79 | (9) | (2) |
| Capex | (4) | (5) | (5) | (5) | (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 | 11 | 24 | 15 | 4 | 9 | 20 | 20 | 4 |
| Profit before tax | 4 | 11 | (2) | (5) | 8 | 6 | 8 | (13) |
| Net profit | 3 | (2) | 86 | (7) | 6 | 5 | 5 | (11) |
| EPS (₹) | 3.48 | (2.57) | 95.61 | (8.09) | 6.77 | 5.54 | 5.34 | (12.65) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSUMER PRODUCT LTD | 98,980 | 60.5 | 4.27 | 33.4 | 6.7 | 7.8 | 11.8 | 14.9 |
| CCL PRODUCTS (I) LTD | 12,529 | 28.9 | 5.34 | 18.4 | 16.6 | 16.2 | 29.1 | 16.4 |
| VINTAGE COFFEE N BVRGS L | 2,229 | 28.3 | 3.92 | 21.1 | 12.7 | 14.0 | — | 20.6 |
| ANDREW YULE & CO. LTD. | 1,109 | — | 3.41 | — | (5.9) | (9.5) | (2.2) | (44.3) |
| GOODRICKE GROUP LTD. | 457 | 17.9 | 1.51 | — | 8.4 | 5.0 | — | (22.7) |
| JAYSHREE TEA & INDUSTRIES | 233 | — | 0.59 | 20.3 | (6.3) | (5.1) | 3.0 | 4.9 |
| THE P K TEA PROD CO LTD | 206 | 38.1 | 1.08 | 17.7 | 2.8 | 3.2 | — | 50.0 |
| UNITED NILGIRI TEA LTD | 202 | 10.0 | 0.84 | — | 9.1 | 10.4 | — | 43.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.4 | 14.7 | 12 of 18 | 35% |
| P/B | 0.6 | 0.6 | 11 of 27 | 58% |
| ROCE | 4.4 | 3.0 | 12 of 26 | 56% |
| ROE | 2.3 | 2.3 | 14 of 27 | 50% |
| Debt / Equity | 0.1 | 0.2 | 8 of 26 | 72% |
| EBITDA margin | (347.1) | 11.9 | 25 of 26 | 4% |
| Revenue growth | (3.7) | 1.6 | 17 of 25 | 33% |
| Profit growth | (56.5) | 18.5 | 20 of 27 | 27% |
| Market cap | 119 | 112 | 12 of 27 | 58% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Quarterly compliance certificate for dematerialisation of securities | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window Closed from Oct 1 Until Q2 Results Announcement | compliance | minimal | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 12 Aug 2026 · Q1 FY27 net profit at Rs 822 lakh versus Rs 1,140 lakh loss year-ago | results | high | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Revenue Rs 923 Lakh, PAT swings to Rs 822 Lakh profit | results | high | — | — |
| 10 Aug 2026 · Bengal Tea and Fabrics 43rd AGM: All 4 resolutions passed, Re 1.50 dividend approved | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Bengal Tea and Fabrics 43rd AGM: Dividend Re 1.50/share, all resolutions passed | board shareholder meetings | low | — | — |
| 27 Jul 2026 · Board meeting on Aug 12 to approve Q1 FY27 unaudited results | results | low | — | — |
| 14 Jul 2026 · Certificate under Regulation 74(5) of SEBI (DP) Regulations 2018 for the quarter ended 30th June 2026 | compliance | minimal | — | — |
| 13 Jul 2026 · Clean Audit Opinion Confirmed for FY26 Standalone Results | compliance | minimal | — | — |
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.