NSE: PKTEA
THE P K TEA PROD CO LTD
Grows and processes tea, earning 60.4% of FY26 segment revenue from the Tea segment (₹43.21 cr), which is the largest source of topline but ran at a negative 9.0% EBIT margin. The Investment segment contributes 34.7% of segment revenue (₹24.77 cr) at a 12.3% EBIT margin, primarily corresponding to equity holdings; following a court-approved amalgamation effective April 2026, the company's 17.43% stake in Placid Limited was exchanged for 4,81,98,850 shares in Maharaja Shree Umaid Mills Limited (MSUM), an unlisted textile group company, recorded at ₹38,703.68 lakhs. MSUM now holds 51.66% of the company, making it the new holding company. The Power segment accounts for 4.9% of segment revenue (₹3.50 cr) at a 54.0% EBIT margin; the company is also setting up a 1.8 MW (AC) / 2 MW (DC) Solar PV Power Project at Madurai, Tamil Nadu for captive use, with related-party EPC work aggregating up to ₹8.91 crores. Costs are dominated by employee expenses at 36.6% of revenue and other operating expenses at 52.8%, while raw materials account for only 3.8% of revenue. The company reported a net loss in FY26 on revenue of ₹68.30 cr, with capex of ₹10.80 cr. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Tea (60%), Investment (35%), Power (5%). Tea growing and processing with an enlarged equity-investment book after a 2026 group restructuring
Exhibit 1: Financial summary, FY20–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 39 | 73 | 47 | 52 | 54 |
| EBITDA (ex other income) | 5 | 29 | 7 | 1 | 6 |
| margin % | 11.6 | 39.9 | 15.1 | 2.4 | 11.2 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (11.68) | 36.83 | 1.62 | (10.86) | 17.44 |
| ROE % · ROCE % | — · — | — · — | — · — | (1.8) · (0.6) | 2.8 · 4.3 |
| Debt / equity (x) | — | — | — | 0.12 | 0.11 |
| Cash from operations | — | 3 | 34 | (29) | 1 |
| Capex | — | (2) | (1) | (1) | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 18 | 14 | 12 | 11 | 13 | 18 | 12 |
| Profit before tax | (3) | 1 | 0 | (1) | 2 | (1) | 1 | 5 |
| Net profit | (3) | 1 | 0 | (1) | 2 | (1) | 1 | 4 |
| EPS (₹) | (8.77) | 2.20 | 0.10 | (4.40) | 6.32 | (3.65) | 2.85 | 11.90 |
Exhibit 3: Segment revenue, FY24
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| INVESTMENT | 3 | 5.3 |
| POWER | 7 | 10.6 |
| TEA | 21 | 34.5 |
| INVESTEMENT | 4 | 6.9 |
| Investment | 3 | 5.5 |
| Power | 2 | 2.8 |
| Tea | 18 | 28.6 |
| Unallocated | 0 | 0.0 |
| Investments | 4 | 5.9 |
| Total, before eliminations | 62 | 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 | 98,218 | 60.1 | 4.24 | 33.1 | 6.7 | 7.8 | 11.8 | 14.9 |
| CCL PRODUCTS (I) LTD | 13,976 | 32.2 | 5.96 | 20.3 | 16.6 | 16.2 | 29.1 | 16.4 |
| VINTAGE COFFEE N BVRGS L | 2,565 | 32.5 | 4.51 | 24.2 | 12.7 | 14.0 | — | 20.6 |
| ANDREW YULE & CO. LTD. | 1,288 | 21.8 | 3.96 | — | (5.9) | (9.5) | (2.2) | (44.3) |
| GOODRICKE GROUP LTD. | 504 | 6.0 | 1.66 | — | 8.4 | 5.0 | — | (22.7) |
| THE P K TEA PROD CO LTD ◆ | 309 | 57.3 | 1.62 | 26.3 | 2.8 | 3.2 | — | 50.0 |
| JAYSHREE TEA & INDUSTRIES | 259 | — | 0.65 | 21.1 | (6.3) | (5.1) | 3.0 | 4.9 |
| UNITED NILGIRI TEA LTD | 215 | 10.6 | 0.89 | — | 9.1 | 10.4 | — | 43.5 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 54.5 | 7.4 | 22 of 24 | 9% |
| P/B | 1.5 | 0.7 | 20 of 27 | 27% |
| ROCE | 3.2 | 3.0 | 13 of 26 | 52% |
| ROE | 2.8 | 2.3 | 13 of 27 | 54% |
| Debt / Equity | 0.1 | 0.2 | 12 of 27 | 58% |
| EBITDA margin | 50.0 | 11.9 | 4 of 26 | 88% |
| Revenue growth | (1.1) | 1.6 | 15 of 25 | 42% |
| Profit growth | 370.6 | 18.5 | 1 of 27 | 100% |
| Market cap | 294 | 108 | 6 of 27 | 81% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Sept 2026 · Notice published for 113th AGM, book closure and e-voting | compliance | minimal | — | — |
| 4 Sept 2026 · PK Tea 113th AGM notice on Sept 26, 2026; final dividend, auditor re-appointment on agenda | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Record date 19-Sep-2026 for AGM and dividend | corporate actions | high | — | — |
| 1 Sept 2026 · PK Tea 113th AGM on Sept 26; Re 0.75 dividend per share recommended | compliance | minimal | — | — |
| 8 Aug 2026 · Q1 FY27 results: PAT up 26 percent, revenue up 23 percent, auditor re-appointed | results | high | — | — |
| 8 Jul 2026 · Newspaper notice on transfer of shares to IEPF Authority | compliance | minimal | — | — |
| 6 Jul 2026 · Routine RTA compliance certificate filed under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 1 Jul 2026 · Promoter files annual declaration; no new encumbrance on company shares | ownership changes | low | — | — |
| 28 May 2026 · The Peria Karamalai Tea & Produce Company Limited has informed the Exchange about Copy of Newspaper Publication in respect of SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, for opening of special window for Transfer and Dematerialisation of Physical Securities of the Company. | compliance | minimal | — | — |
| 26 May 2026 · The Peria Karamalai Tea & Produce Company Limited has informed the Exchange regarding Appointment of MRS ALKA LAKSHMI NIWAS BANGUR as Managing Director of the company w.e.f. September 17, 2026. | management changes | 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.