This tea company gave 43% return in just 5 days; Do you own it?

This tea company gave 43% return in just 5 days; Do you own it?

by 5paisa Research Team Last Updated: Dec 16, 2022 - 07:06 pm 15.3k Views

Stock is hitting back-to-back upper circuits on BSE 

Shares of McLeod Russell India have been offering back-to-back higher circuits since the beginning of this week. The stock price today increased 10% to Rs 41.10. The price of the stock is at a 52-week high and it has generated a return of over 43% in just 5 days. The company has a market value of Rs 429 crore and the company's 52-week low is Rs 18.

One of the companies of the Williamson Magor Group is McLeod Russell India Ltd. Tea is a product that the company cultivates, produces, and sells in both home and foreign markets. 

The company owns two tea estates in West Bengal's Dooars district and 31 properties in the Assam Valley. Additionally, it controls the operation of the famed Gisovu estate in Rwanda, Africa, as well as 3 tea estates in Vietnam, 6 estates in Uganda, and other estates. Each year, the estates of The company. produce more than 80 million kg of premium black tea. It also has two blending facilities, one in Dubai, United Arab Emirates, and the other in Guwahati, Assam, with a combined daily capacity of 40 tonnes of tea. 

As of June 2022, the promoter ownership in the corporation was merely 6.25%, while the public owned 90.15% of the company. Sales for the company are falling from one quarter to the next. The company's sales for the June quarter came in at Rs 230 crore, while operating costs came in at Rs 224 crore. The company reported a loss of Rs 193 crore in the fourth fiscal quarter of 2012, however its net loss for the June quarter reduced to Rs 38 crore. 

The company has a total asset value of Rs 4763 crore. In FY22, the company's CFO was Rs 105 crore. The firm's return ratios are subpar. 

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