NSE: KANCOTEA · BSE: 541005
KANCO TEA & INDS. LTD.
Cultivates and manufactures tea at its estates in the Northeast, with Bamonpookrie Tea Estate and Mackeypore Tea Estate identified as the named properties. Green tea leaf plucking and factory processing take place at these estates, and the output is sold as tea. FY26 revenue from operations stood at Rs 7,527 lakhs, broadly flat versus Rs 7,597 lakhs in the prior year. The standalone net loss widened to Rs 1,408 lakhs from Rs 806 lakhs, and no dividend was declared for FY26. Operations are labour-heavy, with employee costs absorbing 60.8% of revenue, while materials account for 9.0% and other operating expenses 31.1%. Production at the Bamonpookrie factory was halted in July 2026 after heavy flooding from a cloudburst damaged labour quarters, the factory and other infrastructure, though plucking at Mackeypore resumed later that month. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Tea. Cyclical, weather-exposed tea cultivation and manufacture
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 83 | 106 | 77 | 64 | 75 |
| EBITDA (ex other income) | (1) | 13 | (6) | (6) | (2) |
| margin % | (1.7) | 12.1 | (7.4) | (10.0) | (2.9) |
| Owners' profit | 0 | 9 | (9) | 0 | 0 |
| EPS, as reported (₹) | 7.42 | 17.06 | (17.26) | 16.28 | 10.66 |
| ROE % · ROCE % | 5.4 · 8.6 | 11.5 · 11.8 | (13.1) · (8.1) | (13.6) · (5.3) | (9.8) · (3.6) |
| Debt / equity (x) | 0.39 | 0.41 | 0.56 | 0.75 | 0.95 |
| Cash from operations | 17 | 11 | (3) | (1) | 2 |
| Capex | (6) | (10) | (5) | (4) | (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 | 13 | 27 | 19 | 4 | 13 | 31 | 28 | 3 |
| Profit before tax | 1 | 5 | (5) | (9) | 2 | 8 | (3) | (15) |
| Net profit | 1 | 5 | (5) | (10) | 2 | 10 | (3) | (14) |
| EPS (₹) | 1.91 | 12.54 | (9.64) | 19.09 | 4.35 | 19.07 | 6.58 | 27.48 |
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 | 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 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.9 | 14.9 | 1 of 18 | 100% |
| P/B | 0.5 | 0.7 | 5 of 27 | 81% |
| ROCE | (8.4) | 3.0 | 24 of 26 | 8% |
| ROE | (9.8) | 2.3 | 26 of 27 | 4% |
| Debt / Equity | 0.9 | 0.2 | 24 of 26 | 8% |
| EBITDA margin | (464.8) | 11.9 | 26 of 26 | 0% |
| Revenue growth | (36.1) | 1.6 | 23 of 25 | 8% |
| Profit growth | (45.8) | 18.5 | 18 of 27 | 35% |
| Market cap | 27 | 113 | 23 of 27 | 15% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 22 Sept 2026 · Trading window closed from October 1 for Q2 results | compliance | minimal | — | — |
| 16 Sept 2026 · Bamonpookie Tea Estate factory resumes operations after flood | capex operations | high | — | — |
| 11 Sept 2026 · Re-lodgment of Transfer Requests for Physical Shares - July-August 2026 | compliance | minimal | — | — |
| 21 Aug 2026 · 43rd AGM: All 4 resolutions passed with near-unanimous majority | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Re-appointment of Ms. Shruti Swaika as Independent Director for second 5-year term | management changes | medium | — | — |
| 21 Aug 2026 · 43rd AGM held; 4 resolutions passed including director re-appointments | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Kanco Tea files Q1 FY27 audited consolidated results with BSE | compliance | minimal | — | — |
| 10 Aug 2026 · Quarterly audited results filed for quarter ended 30 June 2026 | compliance | minimal | — | — |
| 7 Aug 2026 · Kanco Tea Q1 FY27: Loss widens to Rs 14.7 cr; flood hits estate | results | medium | — | — |
| 7 Aug 2026 · Kanco Tea Q1 FY27 results: PAT jumps to Rs 250 lakh vs Rs 93 lakh 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.