CCL Products logo

CCL Products

CCL NSE

Key Fundamentals

MicrocapTea & CoffeeConsumer Goods
Market Cap
₹14,258 Cr
Volatility
Moderate
P/E Ratio
33.37
EBITDA
₹741 Cr
Return on Equity
16.55%
Debt to Equity
0.56
Book Value
₹175.59
EPS
₹19.53
52W High
₹1,242.2
52W Low
₹815.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 21.8%

Weaknesses

1
  • Stock is trading at 6.16 times its book value

Growth Rate

Revenue Growth
43.4% higher than 3Y
Net Income Growth
25.07% higher than 3Y
Cash Flow Change
196%
ROE
4.88% lower than 3Y
ROCE
16.18% lower than 3Y
EBITDA Margin (Avg.)
-8.29% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

CCL Products (India) Ltd, the world's largest private-label instant coffee manufacturer, trades at a market cap of ₹14,258 Cr with a P/E of 33.8x and P/B of 6.24x. The company has delivered strong TTM sales growth of 36% and profit growth of 39%, while maintaining a consistent ROE of 17-18% over the past decade, though its valuation multiples remain elevated relative to book value.

Bull Case 8
  • TTM sales growth of 36% significantly outpaces the 10-year compounded sales CAGR of 17%, indicating accelerating revenue momentum
  • TTM profit growth of 39% exceeds TTM sales growth of 36%, suggesting improving operating leverage and margin expansion
  • Consistent ROE maintained at 17-18% across 3-year, 5-year, and 10-year periods, demonstrating durable return on equity
  • Company has been actively reducing debt, strengthening its balance sheet and lowering financial risk
  • 5-year compounded sales CAGR of 29% reflects sustained top-line growth well above nominal GDP growth rates
  • Healthy dividend payout ratio of 21.8% with a dividend yield of 0.52%, indicating shareholder return discipline while retaining capital for growth
  • Stock price CAGR of 22% over 5 years reflects strong long-term wealth creation, broadly in line with underlying earnings compounding
  • 5-year compounded profit CAGR of 16% demonstrates consistent double-digit earnings growth over a meaningful period
Bear Case 7
  • P/B ratio of 6.24x is elevated, meaning the stock trades at more than six times its book value, leaving limited margin of safety
  • P/E of 33.8x is a premium valuation that already prices in significant future growth, increasing downside risk if growth disappoints
  • 3-year compounded profit CAGR of only 11% is materially lower than the 3-year sales CAGR of 29%, suggesting periods of margin compression
  • 10-year compounded profit CAGR of 12% trails the 10-year sales CAGR of 17%, indicating long-term profit growth has not kept pace with revenue growth
  • Dividend yield of just 0.52% offers minimal income return relative to risk-free alternatives yielding over 7%
  • As a commodity-linked business, CCL is exposed to global coffee bean price volatility, which can compress margins in rising input cost environments
  • 1-year stock price CAGR of 22% has run ahead of the 10-year profit CAGR of 12%, suggesting valuation re-rating rather than pure earnings-driven appreciation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 3
  • Strong FY26 revenue and profit Aug 17

    Consolidated revenue rose 43.5% YoY to ₹4,457.37 crore in FY26, with PAT up 25.1% to ₹388.11 crore and ROCE improving to 22.15% from 18.21%.

  • 80% renewable energy achieved Aug 17

    BRSR filing shows 80% renewable energy consumption in FY26, 971 tCO2e avoided via solar, and 90% responsible sourcing of inputs.

  • ₹3 dividend approved at AGM Sep 8

    Shareholders approved a ₹3.00 per share final dividend for FY26 and re-elected two retiring directors at the 65th AGM with near-universal voting participation.

TL;DR: CCL Products delivered a strong FY26 with 43.5% revenue growth and meaningful margin expansion, supported by robust volume or pricing gains in its coffee business. ESG credentials are strengthening with 80% renewable energy and responsible sourcing. No material headwinds surfaced in recent news flow. The trend is clearly improving, though investors should watch whether this revenue growth pace is sustainable into FY27 given a high base.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
655
608
664
727
773
738
758
836
1,056
1,127
1,051
1,224
1,200
Expenses
549
498
554
609
643
601
634
673
897
930
866
1,033
1,007
Operating Profit
106
110
111
118
130
137
124
163
159
197
185
192
194
OPM %
16%
18%
17%
16%
17%
19%
16%
20%
15%
18%
18%
16%
16%
Other Income
0
1
1
4
1
1
3
4
2
1
3
2
3
Interest
15
18
23
21
21
27
31
34
34
33
32
30
29
Depreciation
22
23
22
31
23
24
25
27
34
39
39
40
39
PBT
69
70
67
70
87
87
72
106
94
127
116
123
129
Tax %
13%
13%
5%
7%
18%
15%
12%
4%
23%
21%
14%
7%
9%
Net Profit
61
61
63
65
71
74
63
102
72
101
100
115
117
EPS in Rs
4.56
4.57
4.76
4.88
5.35
5.54
4.72
7.63
5.43
7.55
7.51
8.58
8.75
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
881
932
976
1,138
1,081
1,139
1,242
1,462
2,071
2,654
3,106
4,457
4,602
Expenses
709
727
744
899
836
853
945
1,131
1,671
2,208
2,551
3,723
3,835
Operating Profit
171
205
232
239
245
286
298
331
400
445
555
734
767
OPM %
19%
22%
24%
21%
23%
25%
24%
23%
19%
17%
18%
16%
17%
Other Income
3
1
1
5
3
4
3
4
3
6
8
7
9
Interest
14
11
11
8
8
18
17
16
34
78
113
129
124
Depreciation
27
28
33
34
32
47
49
57
64
98
98
152
157
PBT
134
167
189
202
209
225
235
261
305
276
352
461
496
Tax %
30%
27%
29%
27%
26%
26%
22%
22%
7%
9%
12%
16%
—
Net Profit
94
122
135
148
155
166
182
204
284
250
310
388
433
EPS in Rs
7.06
9.18
10.12
11.14
11.64
12.47
13.7
15.36
21.35
18.73
23.24
29.07
32.39
Div. Payout %
21%
27%
25%
22%
30%
40%
29%
33%
26%
24%
22%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
27
27
27
27
27
27
27
27
27
27
27
27
Reserves
395
483
602
713
812
902
1,061
1,224
1,471
1,647
1,941
2,318
Borrowings
229
210
142
311
416
469
559
655
920
1,622
1,815
1,324
Other Liabilities
111
81
78
83
166
112
142
164
180
240
459
657
Total Liabilities
762
801
848
1,134
1,422
1,509
1,788
2,070
2,597
3,536
4,241
4,326
Fixed Assets
340
417
393
371
383
724
798
882
1,257
1,252
1,622
2,027
CWIP
53
0
0
226
424
100
149
160
54
501
450
3
Investments
2
2
2
1
1
1
0
0
0
0
0
3
Other Assets
367
382
453
535
613
684
841
1,028
1,286
1,783
2,169
2,293
Total Assets
762
801
848
1,134
1,422
1,509
1,788
2,070
2,597
3,536
4,241
4,326
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
105
161
102
145
162
91
171
116
173
55
290
858
Investing
-19
-87
-20
-247
-175
-88
-153
-192
-307
-527
-415
18
Financing
-93
-82
-84
129
42
-37
64
9
164
559
53
-757
Net Cash Flow
-8
-8
-2
27
29
-35
82
-67
30
86
-72
120
Free Cash Flow
84
74
84
-78
-80
2
16
-74
-159
-458
-128
788
CFO/OP
86
97
67
84
89
50
66
47
52
19
57
123
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
47
50
61
58
79
86
88
80
78
68
81
67
Inventory Days
116
99
121
97
123
170
198
262
187
185
208
131
Days Payable
29
8
8
5
35
16
13
23
24
23
44
32
Cash Conversion Cycle
134
142
174
150
168
240
272
319
241
230
246
166
Working Capital Days
45
37
81
89
43
103
59
77
58
40
42
41
ROCE %
23%
26%
27%
23%
19%
18%
17%
16%
16%
12%
13%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Public9.81%Promot.46.14%Others10.87%FIIs12.07%DIIs21.11%As ofJun 2026

Documents

Frequently Asked Questions about CCL Products

What does CCL Products (India) Ltd do?
CCL Products (India) is engaged in the production, trading and distribution of Coffee. The Company has business operations mainly in India, Vietnam and Switzerland countries.(Source : 202003 Annual Report Page No:119)
Where is CCL Products (India) Ltd (CCL) listed?
CCL Products (India) Ltd trades as CCL on the NSE and under code 519600 on the BSE.
Which sector does CCL Products (India) Ltd belong to?
CCL Products (India) Ltd is classified under the Consumer Goods sector, in the Tea & Coffee industry.
What is the market capitalisation of CCL Products (India) Ltd?
CCL Products (India) Ltd has a market capitalisation of ₹14,258 Cr, which places it in the Mid Cap band.
What is the PE ratio of CCL Products (India) Ltd?
CCL Products (India) Ltd trades at a PE ratio of 33.37, on earnings per share of ₹19.53, against a book value of ₹175.59 per share.
What is the 52-week high and low of CCL Products (India) Ltd?
Over the last 52 weeks CCL Products (India) Ltd has traded between ₹815.5 and ₹1,242.2.
Does CCL Products (India) Ltd pay dividends?
CCL Products (India) Ltd has a dividend yield of 0.52%.
What is the Return on Equity (ROE) of CCL Products (India) Ltd?
CCL Products (India) Ltd reported a return on equity of 16.55%. Its debt-to-equity ratio is 0.56.

Company Information

CCL Products (India) is engaged in the production, trading and distribution of Coffee. The Company has business operations mainly in India, Vietnam and Switzerland countries.(Source : 202003 Annual Report Page No:119)

Website cclproducts.com
CEO Mr. Challa Rajendra Prasad B.E
Employees 1,358
Listed 2004-06-07
Face Value ₹ 2
Issued Size 13,35,27,920

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