NSE: DTIL · BSE: 538902
DHUNSERI TEA & IND. LTD.
Grows, processes and sells tea in India and in overseas markets, primarily through tea estates and wholly-owned subsidiaries including operations in Malawi. In FY26, consolidated revenue was Rs 471.16 cr, with the India segment contributing 69.2% of segment revenue (Rs 326.24 cr) and the Outside India segment 30.8% (Rs 144.92 cr). The company runs 7 wholly-owned subsidiaries and during the year sold the Balijan and Deohall Tea Estates, booking combined exceptional gains of Rs 639.42 lakhs. The Outside India segment is affected by hyperinflationary accounting arising from Malawi subsidiaries, which contributed a Rs 2,317.19 lakh impact on FY26 consolidated revenue. Employee cost is the largest cost line at 56% of revenue per the disclosed cost shape, consistent with plantation labour intensity. The company is classified under Tea & Coffee within agricultural FMCG and is listed on NSE and BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. India (69%), Outside India (31%). Cyclical, labour-intensive agricultural FMCG with domestic and overseas tea operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 349 | 337 | 395 | 456 | 471 |
| EBITDA (ex other income) | (113) | (12) | (137) | 6 | (1) |
| margin % | (32.5) | (3.6) | (34.8) | 1.4 | (0.2) |
| Owners' profit | (94) | 0 | (141) | 0 | 0 |
| EPS, as reported (₹) | (89.68) | (22.64) | (134.29) | (19.08) | (2.38) |
| ROE % · ROCE % | (12.6) · (8.6) | (3.4) · (2.3) | (27.0) · (22.0) | (3.9) · (0.9) | (0.5) · 2.7 |
| Debt / equity (x) | 0.14 | 0.25 | 0.47 | 0.49 | 0.47 |
| Cash from operations | 33 | 20 | (83) | (2) | 28 |
| Capex | (53) | (204) | (43) | (32) | (43) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 122 | 68 | 115 | 171 | 141 | 44 | 85 | 151 |
| Profit before tax | (7) | (56) | 16 | 21 | (7) | (29) | 11 | 23 |
| Net profit | (1) | (42) | 14 | 21 | (7) | (31) | 5 | 18 |
| EPS (₹) | (0.92) | (40.09) | 13.66 | 20.13 | (6.77) | (29.41) | 4.30 | 17.34 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| India | 200 | 42.4 |
| Outside India | 100 | 21.3 |
| a) India | 126 | 26.8 |
| b) Outside India | 45 | 9.5 |
| Total, before eliminations | 471 | 100.0 |
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. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSUMER PRODUCT LTD | 1,07,511 | 63.2 | 4.62 | 38.2 | 3.9 | 4.4 | 11.8 | 13.8 |
| CCL PRODUCTS (I) LTD | 12,952 | 28.0 | 4.86 | 19.1 | 9.3 | 8.8 | 29.1 | 17.5 |
| VINTAGE COFFEE N BVRGS L | 2,356 | 29.7 | 4.14 | 24.0 | 12.7 | 14.0 | — | 19.6 |
| ANDREW YULE & CO. LTD. | 1,144 | — | 3.52 | — | (5.9) | (9.5) | (2.2) | (52.1) |
| GOODRICKE GROUP LTD. | 480 | 7.6 | 1.58 | — | 8.4 | 5.0 | — | 17.9 |
| JAYSHREE TEA & INDUSTRIES | 234 | — | 0.59 | 35.0 | (6.3) | (5.1) | 3.0 | 2.7 |
| THE P K TEA PROD CO LTD | 222 | 41.2 | 1.16 | 38.3 | 2.8 | 3.2 | — | 5.1 |
| UNITED NILGIRI TEA LTD | 214 | 10.6 | 0.89 | — | 9.1 | 10.4 | — | 25.6 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.3 | 0.6 | 4 of 27 | 89% |
| ROCE | 0.0 | 3.7 | 18 of 26 | 32% |
| ROE | (0.5) | 2.8 | 18 of 27 | 35% |
| Debt / Equity | 0.5 | 0.2 | 18 of 26 | 32% |
| EBITDA margin | 23.8 | 9.4 | 5 of 26 | 84% |
| Revenue growth | (26.0) | 8.0 | 23 of 26 | 12% |
| Profit growth | (68.5) | 33.9 | 22 of 27 | 19% |
| Market cap | 157 | 112 | 11 of 27 | 62% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 6 Nov 2026 · Sep-26 Q2 consolidated revenue Rs11,416.57 lakh vs Rs24,143.40 lakh year ago; loss Rs250.08 lakh | results | high | — | — |
| 6 Nov 2026 · Consolidated September quarter revenue drops 94 percent, profit slips | results | high | — | — |
| 5 Nov 2026 · CARE downgrades bank facility ratings; outlook remains stable | credit debt | medium | — | — |
| 30 Oct 2026 · Board to approve September quarter and half-year results | results | low | — | — |
| 8 Oct 2026 · Reg 74(5) Certificate from RTA for Q2 FY26 filed with exchanges | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window closed from Oct 1, 2026 for H2 FY26 results | compliance | minimal | — | — |
| 20 Aug 2026 · All 5 resolutions passed at 29th AGM; Rs 2 dividend approved | compliance | minimal | — | — |
| 19 Aug 2026 · Dhunseri Tea 29th AGM: Dividend of Rs 2 per share declared, 5 resolutions passed | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Dhunseri Tea Q1 FY27: PAT jumps on lower base, revenue dips | results | high | — | — |
| 31 Jul 2026 · Board meeting on Aug 12 2026 to consider Q1FY27 financial results | results | low | — | — |
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.