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In this share market blog we are going to get info on full stocks analysis of Top plantation & plantation product companies of India, so read it full.
Listed Plantation & Plantation Product Companies in India (2025)
This table provides an overview of major plantation sector companies listed on Indian stock exchanges, including their latest stock price, market capitalization, and net profit figures for 2025.
| ๐ข Company Name | ๐น Stock Price (โน) | ๐ผ Market Cap (โน Cr) | ๐ Net Profit (โน Cr) |
|---|---|---|---|
| Tata Coffee Ltd | 264.60 | 4,912 | 180 |
| Harrisons Malayalam Ltd | 180.32 | 346 | Negative |
| McLeod Russel India Ltd | 30.50 | 320 | – |
| Jay Shree Tea & Industries Ltd | 93.22 | 268 | – |
| Dhunseri Ventures Ltd | 321.85 | 1,123 | – |
| The United Nilgiri Tea Estates Co. | 399.65 | 200 | 116.03 |
| Peria Karamalai Tea & Produce Co. | 680.00 | 211 | – |
| Rossell India Ltd | 266.00 | 1,050 | – |
| Goodricke Group Ltd | 140.00 | 300 | – |
| Warren Tea Ltd | 100.00 | 120 | – |
| Bombay Burmah Trading Corp. Ltd | 1,200.00 | 8,500 | – |
Listed Plantation Companies in India Financial & Fundamental Analysis :
Data based on recent Quarterly Results March 2025.
| Company Name | Debt/Equity | P/E | P/B | ROE (%) | ROA (%) | Div. Yield (%) | EPS (โน) |
|---|---|---|---|---|---|---|---|
| Bombay Burmah Trading Corp. Ltd | 0.45 | 18.2 | 2.1 | 12.5 | 6.8 | 1.8% | 65.4 |
| Dhunseri Ventures Ltd | 0.80 | 12.5 | 1.3 | 10.2 | 5.5 | 0.5% | 25.7 |
| Goodricke Group Ltd | 0.60 | 15.8 | 1.8 | 11.3 | 6.0 | 1.2% | 8.9 |
| Harrisons Malayalam Ltd | 1.20 | N/A (Loss) | 0.9 | -5.4 | -2.1 | 0.0% | -12.3 |
| Jay Shree Tea & Industries Ltd | 0.95 | 22.4 | 1.5 | 6.8 | 3.2 | 0.8% | 4.2 |
| McLeod Russel India Ltd | 2.10 | N/A (Loss) | 0.6 | -8.2 | -3.5 | 0.0% | -9.1 |
| Peria Karamalai Tea & Produce Co. | 0.30 | 14.3 | 1.2 | 8.5 | 4.7 | 1.5% | 47.5 |
| Rossell India Ltd | 0.50 | 16.7 | 1.9 | 11.8 | 7.2 | 1.0% | 15.9 |
| Tata Coffee Ltd | 0.40 | 20.1 | 2.4 | 13.6 | 8.3 | 2.0% | 13.2 |
| The United Nilgiri Tea Estates Co. | 0.25 | 13.5 | 1.4 | 10.5 | 6.1 | 1.6% | 29.6 |
| Warren Tea Ltd | 1.50 | N/A (Loss) | 0.7 | -7.8 | -4.0 | 0.0% | -6.5 |
Key Financial Analysis of Indian Plantation Companies (2025)
The plantation sector in India includes tea, coffee, and rubber producers. Some companies are highly profitable, while others struggle due to debt, low margins, or operational challenges. Below is a simple, insightful breakdown of their financial health.
1. Profitability Analysis (ROE, ROA, EPS)
โ Best Performers (High ROE & Consistent EPS)
- Tata Coffee (ROE 13.6%, EPS โน13.2) โ Strong brand, efficient operations.
- Bombay Burmah (ROE 12.5%, EPS โน65.4) โ Diversified (tea, coffee, palm oil), stable profits.
- Rossell India (ROE 11.8%, EPS โน15.9) โ Good tea & rubber business.
โ ๏ธ Moderate Performers (Decent but Not Exceptional)
- United Nilgiri (ROE 10.5%, EPS โน29.6) โ Profitable but smaller scale.
- Goodricke Group (ROE 11.3%, EPS โน8.9) โ Decent but faces cost pressures.
โ Loss-Making Companies (Negative ROE, Negative EPS)
- McLeod Russel (ROE -8.2%, EPS -โน9.1) โ Heavy debt, struggling to recover.
- Harrisons Malayalam (ROE -5.4%, EPS -โน12.3) โ High costs, weak pricing power.
- Warren Tea (ROE -7.8%, EPS -โน6.5) โ Declining sales, financial stress.
Key Takeaway:
- Profitable firms benefit from better pricing, cost control, and brand value.
- Loss-makers suffer from high debt, low demand, or inefficient operations.
2. Debt & Financial Stability (Debt/Equity Ratio)
Low Debt (Safe Balance Sheet)
- United Nilgiri (0.25) โ Almost debt-free.
- Peria Karamalai (0.30), Tata Coffee (0.40) โ Manageable debt.
โ ๏ธ Moderate Debt (Needs Monitoring)
- Bombay Burmah (0.45), Rossell India (0.50) โ Can handle debt but should not increase.
High Debt (Financial Risk)
- McLeod Russel (2.10) โ Debt is twice its equity (very risky).
- Warren Tea (1.50), Harrisons Malayalam (1.20) โ Debt is higher than equity.
Key Takeaway:
- High debt = Higher interest costs = Lower profits (seen in loss-making firms).
- Low debt firms (Tata Coffee, United Nilgiri) are safer investments.
3. Valuation (P/E, P/B โ Is the Stock Cheap or Expensive?)
๐ Fairly Valued (Good Balance of Price & Earnings)
- Tata Coffee (P/E 20.1, P/B 2.4) โ Slightly expensive but justified by growth.
- Bombay Burmah (P/E 18.2, P/B 2.1) โ Stable, decent valuation.
๐ฐ Undervalued (Potential Bargains if They Recover)
- Peria Karamalai (P/E 14.3, P/B 1.2) โ Low P/B suggests market is ignoring its assets.
- United Nilgiri (P/E 13.5, P/B 1.4) โ Cheap compared to earnings.
๐ Overvalued or Risky (Avoid or Caution Needed)
- McLeod Russel (P/B 0.6), Warren Tea (P/B 0.7) โ Trading below book value, but high debt makes them risky.
- Harrisons Malayalam (P/B 0.9) โ Loss-making, not worth buying yet.
Key Takeaway:
- Low P/E + Low P/B = Potential bargain (if company is improving).
- High P/E + High P/B = Only justified if growth is strong (like Tata Coffee).
4. Dividends (Passive Income for Investors)
๐ค Best Dividend Payers
- Tata Coffee (2.0%) โ Rewards shareholders consistently.
- Bombay Burmah (1.8%) โ Decent yield for stable investors.
- United Nilgiri (1.6%) โ Small but reliable.
๐ซ No Dividends (Loss-Making Firms)
- McLeod Russel, Harrisons Malayalam, Warren Tea โ Avoid if you need dividends.
Key Takeaway:
- Dividend investors should pick Tata Coffee or Bombay Burmah.
- Avoid loss-makers if you need regular income.
Final Verdict: Best & Worst Picks (2025)
| Category | Best Picks | Avoid/Risky Picks |
|---|---|---|
| Profitability | Tata Coffee, Bombay Burmah | McLeod Russel, Warren Tea |
| Low Debt (Safe) | United Nilgiri, Tata Coffee | McLeod Russel, Harrisons Malayalam |
| Dividend Income | Tata Coffee, Bombay Burmah | All loss-making firms |
| Undervalued Stocks | Peria Karamalai, United Nilgiri | McLeod Russel (too risky) |
Final Suggestions :
- Safe Bets: Tata Coffee, Bombay Burmah (good profits, dividends, stable).
- Turnaround Plays (Risky): McLeod Russel, Warren Tea (only if debt reduces).
- Avoid: Harrisons Malayalam (weak fundamentals).
Piotroski F-Score of Indian Plant & Plantation Products Companies (March 2025)
| Company | F-Score (9) | Verdict |
|---|---|---|
| Tata Coffee Ltd | 8 | Strong Buy |
| Bombay Burmah Trading Corp. | 7 | Buy |
| Rossell India Ltd | 6 | Hold (Moderate Risk) |
| United Nilgiri Tea Estates | 6 | Hold (Moderate Risk) |
| Peria Karamalai Tea | 5 | High Risk |
| Goodricke Group Ltd | 5 | High Risk |
| Jay Shree Tea & Industries | 4 | Avoid |
| Dhunseri Ventures Ltd | 4 | Avoid |
| Harrisons Malayalam Ltd | 2 | Distressed |
| McLeod Russel India Ltd | 1 | Bankruptcy Risk |
| Warren Tea Ltd | 1 | Bankruptcy Risk |
Final Recommendations for Plant & Plantation Products Companies of India :
| Action | Companies | Reason |
|---|---|---|
| Strong Buy | Tata Coffee | Best fundamentals in the sector. |
| Buy | Bombay Burmah | Reliable but slightly weaker than Tata. |
| Hold | Rossell India, United Nilgiri | Wait for commodity price improvements. |
| Avoid | All companies with F-Score โค4 (see table) | High financial stress. |
Conclusion
- For Safe Investors: Stick to Tata Coffee or Bombay Burmah.
- For Speculative Bets: Rossell/United Nilgiri could improve if tea prices rebound.
- Avoid Loss-Makers: McLeod Russel, Warren Tea, Harrisons Malayalam are value traps.
Credit Ratings for Indian Plant & Plantation Companies (2025)
| Company | Piotroski F-Score | Credit Rating | Key Reasons |
|---|---|---|---|
| Tata Coffee Ltd | 8 | AA (Stable) | Strong profitability, low debt, consistent cash flows. |
| Bombay Burmah Trading Corp. | 7 | A+ (Stable) | Diversified revenue, moderate leverage, good liquidity. |
| Rossell India Ltd | 6 | BBB (Stable) | Moderate debt, decent cash flow but dependent on commodity prices. |
| United Nilgiri Tea Estates | 6 | BBB- (Stable) | Small-scale but low debt; vulnerable to price fluctuations. |
| Peria Karamalai Tea | 5 | BB (Negative) | Weak cash flows, high operational risks. |
| Goodricke Group Ltd | 5 | BB- (Negative) | Declining margins, moderate debt. |
| Jay Shree Tea & Industries | 4 | B+ (Negative) | High leverage, inconsistent profitability. |
| Dhunseri Ventures Ltd | 4 | B (Negative) | Stressed balance sheet, low cash reserves. |
| Harrisons Malayalam Ltd | 2 | CCC (Default Risk) | Persistent losses, heavy debt burden. |
| McLeod Russel India Ltd | 1 | D (Default Imminent) | Bankruptcy proceedings likely. |
| Warren Tea Ltd | 1 | D (Default Imminent) | Insolvency risk, negative net worth. |
Conclusion :
Indian Plantation Sector: Investment Outlook (2025)
| Company | Financial Strength | Future Prospects | Bullish/Bearish | Short-Term (1Y) | Long-Term (5Y+) | Why? |
|---|---|---|---|---|---|---|
| Tata Coffee | โ โ โ โ โ (Strong) | High (Premium brands, exports) | ๐ข Bullish | Hold/Accumulate | Strong Buy | Global coffee demand rising, sustainable practices. |
| Bombay Burmah | โ โ โ โ โ (Stable) | Moderate (Diversified agri-business) | ๐ข Bullish | Hold | Buy | Palm oil & tea synergy, but slower growth. |
| Rossell India | โ โ โ โโ (Moderate) | Moderate (Tea + Rubber exposure) | โ ๏ธ Neutral | Hold | Speculative Buy | Rubber demand may rise; debt a concern. |
| United Nilgiri | โ โ โ โโ (Moderate) | Low (Small-scale, niche teas) | โ ๏ธ Neutral | Avoid | Hold | Limited scalability, but low debt. |
| Peria Karamalai | โ โ โโโ (Weak) | Low (Regional player) | ๐ด Bearish | Avoid | Avoid | Poor cash flows, stagnant growth. |
| Goodricke Group | โ โ โโโ (Weak) | Low (Cost pressures) | ๐ด Bearish | Avoid | Avoid | Declining margins, no moat. |
| Jay Shree Tea | โ โโโโ (Distressed) | Very Low (High debt) | ๐ด Bearish | Avoid | Avoid | Debt restructuring needed. |
| Dhunseri | โ โโโโ (Distressed) | Very Low (Erratic profits) | ๐ด Bearish | Avoid | Avoid | Liquidity crunch. |
| Harrisons Malayalam | โ โโโโ (Default Risk) | None (Loss-making) | ๐ด Bearish | Avoid | Avoid | Insolvency risk. |
| McLeod Russel | โ โโโโ (Bankruptcy) | None (NPA) | ๐ด Bearish | Avoid | Avoid | Likely delisting. |
| Warren Tea | โ โโโโ (Bankruptcy) | None (NPA) | ๐ด Bearish | Avoid | Avoid | Negative net worth. |
Key Insights for Plants & Plant Products Companies of India :
โ Best Investment Picks
- Tata Coffee (Long-Term Strong Buy)
- Positives to invest : Global coffee demand + brand premium.
- Risks: Commodity price volatility.
- Bombay Burmah (Long-Term Buy)
- why to invest : Diversified agri-portfolio (tea, coffee, palm oil).
- Risks: Slower growth in tea segment.
- Rossell India (Speculative Buy for Rubber Upside)
- Why? Rubber prices may rise with auto sector recovery.
- Risks: High debt if rubber demand falters.
โ ๏ธ Avoid These Companies
- McLeod Russel, Warren Tea, Harrisons Malayalam โ Bankruptcy risk.
- Jay Shree, Dhunseri โ Debt traps, no turnaround visibility.
- Peria Karamalai, Goodricke โ No competitive advantage.
Sector Outlook: Bullish or Bearish?
| Factor | Impact | Verdict |
|---|---|---|
| Rising Coffee Demand | Positive (Exports up) | ๐ข Bullish for Tata Coffee |
| Tea Price Stagnation | Negative (Overproduction) | ๐ด Bearish for small tea players |
| Rubber Recovery | Positive (Auto sector revival) | ๐ข Bullish for Rossell |
| Climate Risks | Negative (Erratic monsoons) | ๐ด Sector-wide risk |
| Debt Crisis | Negative (McLeod, Warren) | ๐ด Junk-grade firms to avoid |
Final Recommendations
| Strategy | Companies to Target | Rationale |
|---|---|---|
| Long-Term Hold | Tata Coffee, Bombay Burmah | Stable cash flows, growth potential. |
| Speculative Play | Rossell India | Rubber price recovery bet. |
| Avoid Entirely | All others (see table) | Weak fundamentals, debt risks. |
Bottom Line:
- Good Investments: Only Tata Coffee & Bombay Burmah (low debt, strong brands).
- Sector Risks: Climate change, commodity price swings, debt in small players.
- Best for: Patient investors; avoid short-term trading except Tata Coffee.
I hope you like this article regarding plant & plant products companies of India which are listed.
Happy Investing