Manufactures and sells cigarettes and tobacco products, and is building an FMCG business around packaged foods, edible oils and household essentials. Cigarettes are sold both domestically and through international export contracts, with a USD 119 million-plus order book covering Africa and the Middle East, including a two-year INR 2.02 billion supply contract with South Africa's Bozza Tobacco across brands such as Red & Black, B&W, Cape, Ossum, Golden Flake, Roll-X, KASP, Rainbow Gold, Larnie, Black Hill and Lisbon. The FMCG push is backed by a planned Rs. 700 crore investment, targeting Rs. 20,000 crore of revenue by FY30 through 5,000 distribution partners, 5 lakh+ retail outlets, 10 consumer brands and 150+ SKUs. Manufacturing sits on an 800 MTPD refinery, a 235 MT/day manufacturing facility, and a 40,000+ sq. ft. facility at Nashik. In FY25, the company earned Rs. 548.76 crore of revenue and Rs. 69.65 crore of net profit, with materials accounting for 41.5% of revenue and depreciation only 0.3%. Segment reporting splits activity between Tobacco Products and FMCG Products (with Agro Products appearing in earlier period classification). AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Tobacco Products, FMCG Products, Agro Products. Cyclical FMCG and tobacco manufacturing with planned large-scale FMCG expansion and material-heavy cost structure.
| ₹ crore · consolidated | FY25 |
|---|---|
| Revenue | 549 |
| EBITDA (ex other income) | 69 |
| margin % | 12.6 |
| Owners' profit | 70 |
| EPS, as reported (₹) | 17.49 |
| ROE % · ROCE % | 43.4 · 43.3 |
| Debt / equity (x) | 0.00 |
| Cash from operations | (0) |
| Capex | (5) |
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 94 | 313 | 525 | 2,192 | 1,741 |
| Profit before tax | 13 | 43 | 73 | 138 | 121 |
| Net profit | 13 | 43 | 72 | 117 | 104 |
| EPS (₹) | 110.26 | 2.72 | 0.45 | 0.73 | 0.65 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Tobacco Products | 282 | 90.0 |
| Agro Products | 31 | 10.0 |
| Total, before eliminations | 313 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GODFREY PHILLIPS INDIA LT | 30,061 | 22.0 | 4.83 | 16.9 | 24.5 | 25.5 | 25.2 | 6.8 |
| VST INDUSTRIES LTD | 3,469 | 12.4 | 2.40 | — | 20.2 | 26.5 | — | 8.1 |
| ELITECON INTERNATIONAL L ◆ | 1,309 | 1.8 | 2.47 | 18.3 | 39.2 | 36.1 | — | 8.1 |
| N T C INDUSTRIES LTD. |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Elitecon International board meeting on Sept 21 for FY26 audited results | results | low | — | — |
| 10 Sept 2026 · BSE levies SOP fines for non-compliance under SEBI LODR regulations | regulatory legal | high | — | — |
| 4 Sept 2026 · AGM extension granted by RoC for financial year ending March 2026 | regulatory legal | low | — | — |
| 18 Aug 2026 · Elitecon International announces eight key board and management appointments | compliance | low | — | — |
| 14 Aug 2026 · Elitecon International overhauls board with new MD, CFO, CS, and 4 directors | board shareholder meetings | medium | — | — |
| 12 Aug 2026 · Secretarial Auditor M/s G Aakash and Associates resigns effective August 11, 2026 | management changes | medium | — | — |
| 29 Jul 2026 · Additional Director ceases after no shareholder approval | management changes | medium | — | — |
| 27 Jul 2026 · Elitecon appoints Vipin Sharma and Pradeep Kumar as Executive Directors | compliance | low | — | — |
| 22 Jul 2026 · Two Executive Additional Directors appointed to restore board quorum | management changes | medium | — | — |
| 22 Jul 2026 · Elitecon appoints two additional directors to restore board quorum | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 198 |
| 9.6 |
| 0.94 |
| 8.1 |
| 9.3 |
| 8.8 |
| 30.5 |
| 28.7 |
| SINNAR BIDI UDYOG LTD. | 28 | 37.0 | 6.48 | — | (3.1) | (1.8) | (0.6) | (29.7) |
| RAGHUNATH INTERNATIONAL LTD. | 5 | 5.5 | 0.30 | 3.8 | 6.1 | 7.5 | (10.8) | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.8 | 16.3 | 18 of 316 | 95% |
| P/B | 2.5 | 1.8 | 178 of 280 | 36% |
| ROCE | 36.1 | 7.5 | 14 of 335 | 96% |
| ROE | 39.2 | 7.3 | 13 of 294 | 96% |
| Debt / Equity | 0.7 | 0.3 | 227 of 294 | 23% |
| EBITDA margin | 8.1 | 8.3 | 142 of 272 | 48% |
| Revenue growth | 1750.0 | 9.8 | 2 of 273 | 100% |
| Profit growth | 676.3 | 12.9 | 9 of 276 | 97% |
| Market cap | 1309 | 156 | 79 of 340 | 77% |
| 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 |
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.
