Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · INDONG TEA COMPANY LIMITED · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
INDONG TEA COMPANY LIMITED
BSE: 543769
BSE: 543769
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Agricultural Food & other Products › Tea & Coffee
INDONG TEA COMPANY LIMITED
StateQ4 FY26 filed
Last close · 6 Oct 2026₹6.52
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA6.4 · 0.21 · 4.4
INDONG TEA COMPANY LIMITED is a Agricultural Food & other Products company. 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, FY23–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 21 | 21 | 30 | 23 |
| EBITDA (ex other income) | 2 | (1) | 3 | 2 |
| margin % | 8.5 | (5.2) | 10.0 | 7.3 |
| Owners' profit | 1 | (1) | 0 | (1) |
| EPS, as reported (₹) | 0.63 | (1.29) | 2.33 | 0.16 |
| ROE % · ROCE % | 2.2 · 3.7 | (2.8) · (0.7) | 0.5 · 1.9 | (1.4) · (0.3) |
| Debt / equity (x) | 0.17 | 0.21 | 0.16 | 0.17 |
| Cash from operations | (3) | 3 | (9) | 6 |
| Capex | (4) | (9) | (3) | (7) |
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 · INDONG TEA COMPANY LIMITED · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 8 | 13 | 8 | 14 | 16 | 15 | 8 |
| Profit before tax | (1) | 3 | (4) | 4 | (3) | 1 | (2) |
| Net profit | (1) | 2 | (3) | 3 | (3) | 1 | (1) |
| EPS (₹) | (1.29) | 2.01 | (2.70) | 2.33 | (1.79) | 0.32 | 0.16 |
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 % |
|---|---|---|
| Manufacturing of Tea | 21 | 89.2 |
| Pulses, Jute Rice & Others | 2 | 10.8 |
| Total, before eliminations | 23 | 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. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSUMER PRODUCT LTD | 94,200 | 57.6 | 4.06 | 31.8 | 6.7 | 7.8 | 11.8 | 14.9 |
| CCL PRODUCTS (I) LTD | 14,094 | 32.5 | 6.01 | 20.5 | 16.6 | 16.2 | 29.1 | 16.4 |
| VINTAGE COFFEE N BVRGS L | 2,557 | 32.4 | 4.49 | 24.1 | 12.7 | 14.0 | — | 20.6 |
| ANDREW YULE & CO. LTD. | 1,193 | — | 3.67 | — | (5.9) | (9.5) | (2.2) | (44.3) |
| GOODRICKE GROUP LTD. | 470 | 18.4 | 1.55 | — | 8.4 | 5.0 | — | (22.7) |
| THE P K TEA PROD CO LTD | 278 | 51.6 | 1.46 | 23.8 | 2.8 | 3.2 | — | 50.0 |
| JAYSHREE TEA & INDUSTRIES | 240 | — | 0.60 | 20.5 | (6.3) | (5.1) | 3.0 | 4.9 |
| UNITED NILGIRI TEA LTD | 201 | 9.9 | 0.83 | — | 9.1 | 10.4 | — | 43.5 |
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) | 6.4 | 14.9 | 4 of 18 | 82% |
| P/B | 0.2 | 0.7 | 2 of 27 | 96% |
| ROCE | (1.4) | 3.0 | 19 of 26 | 28% |
| ROE | (1.4) | 2.3 | 19 of 27 | 31% |
| Debt / Equity | 0.2 | 0.2 | 12 of 26 | 56% |
| EBITDA margin | (1.5) | 11.9 | 18 of 26 | 32% |
| Revenue growth | (2.4) | 1.6 | 16 of 25 | 38% |
| Profit growth | 57.0 | 18.5 | 9 of 27 | 69% |
| Market cap | 13 | 113 | 24 of 27 | 12% |
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 · INDONG TEA COMPANY LIMITED · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 30 Sept 2026 · Indong Tea AGM 2026: All 8 resolutions passed with 99 to 100 percent approval | compliance | minimal | — | — |
| 30 Sept 2026 · AGM outcome: Founder steps down as MD, son Rajesh Garg becomes Managing Director | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Indong Tea 36th AGM: All 8 Resolutions Passed | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closure for H1 FY26-27 results | compliance | minimal | — | — |
| 28 Sept 2026 · 36th AGM held; key director changes and auditor re-appointment approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Indong Tea 36th AGM held; Rajesh Garg redesignated as new Managing Director | board shareholder meetings | low | — | — |
| 12 Sept 2026 · Promoter Hariram Garg buys 4,000 shares, stake rises to 13.75% | ownership changes | medium | — | — |
| 12 Sept 2026 · Promoter Hariram Garg buys 4,000 shares of Indong Tea | ownership changes | medium | — | — |
| 4 Sept 2026 · Indong Tea 36th AGM set for Sept 28, 2026 via video conferencing | compliance | minimal | — | — |
| 3 Sept 2026 · AGM Notice and Annual Report FY 2025-26 dispatched to members | compliance | minimal | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
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