CCL Products logo

CCL Products

CCL NSE

Key Fundamentals

MicrocapTea & CoffeeConsumer Goods
Market Cap
₹13,529 Cr
Volatility
Moderate
P/E Ratio
32.62
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 6.02 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

14d ago
AI opinion · based on fundamentals
Risk medium

CCL Products (India) Ltd, with a market cap of ₹14,318 Cr, is the world's largest private-label instant coffee manufacturer. The company trades at a P/E of 32.8x and P/B of 6.05x, with TTM sales growth of 36% and profit growth of 39%, while maintaining an ROE of 18% over the last year.

Bull Case 8
  • TTM revenue growth of 36% significantly outpaces the 10-year compounded sales CAGR of 17%, indicating an acceleration in top-line momentum
  • TTM profit growth of 39% exceeds sales growth of 36%, suggesting improving operating leverage and margin expansion
  • Consistent ROE of 17-18% across 3-year, 5-year, and 10-year periods reflects durable capital efficiency and stable return generation
  • Company has been actively reducing debt, strengthening the balance sheet and lowering financial risk going forward
  • 5-year compounded sales CAGR of 29% demonstrates sustained long-term demand tailwinds in the global instant coffee market
  • Stock has delivered a 5-year price CAGR of 22%, outperforming many consumer goods peers, reflecting consistent market re-rating
  • Healthy dividend payout ratio of 21.8% with a yield of 0.54% signals management confidence in cash flow sustainability
  • Company is expected to deliver a strong upcoming quarter, which could provide near-term earnings catalyst
Bear Case 8
  • P/B ratio of 6.05x is elevated for a consumer goods manufacturer, leaving limited margin of safety if growth slows
  • P/E of 32.8x prices in significant future growth — any miss on the 36% TTM sales growth trajectory could trigger a de-rating
  • 3-year compounded profit CAGR of only 11% lags the 3-year sales CAGR of 29%, raising questions about historical margin consistency
  • 10-year profit CAGR of 12% is notably lower than the 10-year sales CAGR of 17%, indicating long-term earnings conversion has been sub-optimal
  • Dividend yield of just 0.54% offers minimal income cushion during any period of capital depreciation
  • 1-year stock price CAGR of 21% already reflects much of the recent operational improvement, potentially limiting near-term upside
  • As a commodity-linked business, CCL remains exposed to global green coffee price volatility and INR/USD currency fluctuations that can compress margins unpredictably
  • 5-year profit CAGR of 16% versus 5-year sales CAGR of 29% shows nearly half the revenue growth has not translated into proportional bottom-line gains over medium term

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

AI News Digest

12d ago
Positives 1
  • Dividend approved at AGM Sep 08

    CCL Products shareholders approved a ₹3.00 per share final dividend for FY26 at the 65th AGM on September 8, 2026. Two retiring directors were also re-elected with near-universal voting participation.

TL;DR: CCL Products held a routine but well-attended AGM, approving a steady ₹3.00/share dividend for FY26 and re-electing board members. No headwinds emerged from the single available update. With only one data point, the picture is incomplete, but the dividend payout signals management confidence in near-term cash flows.

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 ₹13,529 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 32.62, 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 0.56%.
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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