NSE: CHEVIOT · BSE: 526817
CHEVIOT COMPANY LIMITED
Manufactures and sells jute products, classified under the Jute & Jute Products industry, supplying domestic and overseas buyers. FY26 revenue from operations grew 24.57% over the prior year on higher domestic realisations, while exports declined 21.67%. Profit after tax fell 10.5% to Rs 51.69 crore as other income dropped on fair-value losses on FVTPL investments linked to the West Asia crisis. Raw materials are the largest input cost at 61.7% of revenue, followed by employee costs at 13.7% and other operating expenses at 13.4%. EBITDA margin for the year was 14.24%. The Board has recommended a final dividend of Rs 25 per share (250% on face value of Rs 10), aggregating to about Rs 14.60 crore, payable from 11 August 2026 subject to shareholder approval at the 128th AGM. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Jute products. Materials-heavy jute manufacturer with domestic and export exposure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 571 | 564 | 463 | 439 | 547 |
| EBITDA (ex other income) | 81 | 65 | 47 | 53 | 76 |
| margin % | 14.1 | 11.6 | 10.1 | 12.1 | 13.8 |
| Owners' profit | 79 | 54 | 69 | 58 | 52 |
| EPS, as reported (₹) | 127.40 | 90.51 | 115.33 | 98.08 | 88.48 |
| ROE % · ROCE % | 14.3 · 18.0 | 9.5 · 12.3 | 11.1 · 13.3 | 8.9 · 11.1 | 7.3 · 9.6 |
| Debt / equity (x) | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash from operations | 56 | 55 | 36 | 26 | 42 |
| Capex | (10) | (24) | (9) | (17) | (11) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103 | 108 | 134 | 120 | 148 | 139 | 141 | 171 |
| Profit before tax | 25 | 6 | 13 | 36 | 20 | 22 | (9) | 55 |
| Net profit | 18 | 3 | 9 | 29 | 15 | 17 | (9) | 45 |
| EPS (₹) | 31.39 | 5.84 | 15.81 | 49.15 | 25.40 | 29.43 | (15.50) | 77.53 |
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. % |
|---|---|---|---|---|---|---|---|---|
| CHEVIOT COMPANY LIMITED ◆ | 626 | 9.2 | 0.89 | — | 7.3 | 9.5 | — | 33.7 |
| GLOSTER LIMITED | 564 | 44.0 | 0.52 | 8.8 | 1.7 | 1.9 | 23.7 | 9.5 |
| LUDLOW JUTE & SPECIALITIES LTD | 313 | 16.1 | 1.68 | — | 8.7 | 8.8 | — | 7.7 |
| AI CHAMPDANY INDUSTRIES LTD. | 58 | — | 1.33 | — | (90.2) | (23.8) | — | (78.3) |
| GRAMEVA LIMITED | 34 | 11.9 | 2.99 | — | 26.9 | 28.9 | — | 2.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.2 | 14.5 | 7 of 18 | 65% |
| P/B | 0.9 | 0.6 | 15 of 21 | 30% |
| ROCE | 9.5 | 3.3 | 3 of 22 | 91% |
| ROE | 7.3 | 3.8 | 6 of 21 | 75% |
| Debt / Equity | 0.0 | 0.4 | 3 of 21 | 90% |
| EBITDA margin | 33.7 | 12.7 | 1 of 24 | 100% |
| Revenue growth | 42.5 | 12.6 | 3 of 23 | 91% |
| Profit growth | 57.8 | 50.0 | 11 of 22 | 52% |
| Market cap | 626 | 449 | 10 of 24 | 61% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · Government revises jute bag prices; Cheviot to gain about 19 crore rupees | business updates | medium | — | — |
| 9 Oct 2026 · Filing of SEBI Regulation 74(5) compliance certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 7 Oct 2026 · Newspaper notice to shareholders on dematerialisation window | compliance | minimal | — | — |
| 24 Sept 2026 · Trading window closure ahead of Q2 FY26 results | compliance | minimal | — | — |
| 19 Aug 2026 · Jute bag prices revised up, extra Rs 7.45 cr in sales | business updates | medium | — | — |
| 6 Aug 2026 · AGM 2026 results: ₹25 dividend cleared, all resolutions passed | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Cheviot Company 128th AGM: Rs 25 per share dividend declared, all resolutions passed | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Cheviot AGM 2026: All 5 resolutions passed, Rs 25 dividend declared | board shareholder meetings | low | — | — |
| 6 Aug 2026 · 128th AGM held; dividend of Rs 25 per share declared, all 5 resolutions passed | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Cheviot Q1 FY27: revenue up about 42 percent, PAT up about 58 percent YoY | results | high | — | — |
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.