Skip to main content
Swing Capital

United Nilgiri Tea Estates Company Ltd

NSE: UNITEDTEA

Incorporated in 1922, United Nilgiri Tea Estates & Company Ltd manufactures and sells Tea and also rents out property.[1]

₹534
52W: ₹404 — ₹590
PE 12.1 · Book ₹465 · +15% vs book
Market Cap₹267 Cr
Stock P/E12.1Price to Earnings
ROCE10.1%Return on Capital
ROE8.7%Return on Equity
Div. Yield0.57%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 1.15 times its book value
  • +Debtor days have improved from 35.8 to 27.9 days.
  • +Company's working capital requirements have reduced from 54.6 days to 38.8 days

Weaknesses

  • −The company has delivered a poor sales growth of 7.41% over past five years.
  • −Company has a low return on equity of 7.77% over last 3 years.
  • −Earnings include an other income of Rs.10.8 Cr.

Shareholding Pattern

Promoters49.86%
FIIs0%
DIIs3.92%
Public46.21%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.79%49.79%49.79%49.79%49.79%49.79%49.79%49.86%▲0.1
FIIs0%0%0%0%0%0%0%0%
DIIs4.41%3.92%▼0.53.92%3.92%3.92%3.92%3.92%3.92%
Public45.8%46.28%▲0.546.28%46.28%46.28%46.28%46.28%46.21%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales19.1623.621.8922.9624.9822.9418.9222.1521.1323.76
Expenses14.9319.0419.1419.719.8718.5716.2915.4816.6218.53
Operating Profit4.234.562.753.265.114.372.636.674.515.23
OPM %22.08%19.32%12.56%14.2%20.46%19.05%13.9%30.11%21.34%22.01%
Net Profit3.894.283.053.726.444.523.838.024.945.32
EPS ₹7.798.576.17.4512.899.057.6716.059.8910.65

AI Insights

Revenue Trend

TTM revenue at ₹86Cr, down 4.4% YoY. OPM at 22%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 3.92% (-0.97pp change). FIIs: 0% (+0.00pp change). Promoters hold 49.86%.

Margin & Efficiency

ROCE declining from 20% (Mar 2014) to 10% (Mar 2025). Working capital days: 39.

Valuation

PE 12.1x with 10.1% ROCE. Price is 15% above book value of ₹465. Dividend yield: 0.57%.

Recent Announcements