---
title: "Duncans Industries Ltd (DUNCANSLTD) — Share Price, Financials & Analysis"
symbol: "DUNCANSLTD"
company: "Duncans Industries Ltd"
canonical: "https://tapetide.com/stocks/DUNCANSLTD"
isin: "INE508A01022"
bse_code: "590063"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T19:17:07.671Z"
---

# Duncans Industries Ltd (DUNCANSLTD)

Canonical page: https://tapetide.com/stocks/DUNCANSLTD

## Company

- **BSE Code:** 590063
- **ISIN:** INE508A01022
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2006-12-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** duncans-tea.com

## About

Duncans Industries Limited is an India-based company. The company is engaged in the prouction and export of tea.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.90% over past five years.
- Contingent liabilities of Rs.23.0 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 18% | — | 6% |
| revenue growth | 5% | 2% | 6% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.42 | 5.36 | 7.61 | 2.94 | 9.43 | 14.76 | 10.32 | 17.95 | 21.81 | 14.57 | 2.84 | 15.89 |
| Expenses | 11.15 | 16.13 | 18.33 | 8.48 | 11.34 | 20 | 20.18 | 17.31 | 23.4 | 17.54 | 15.66 | 17.89 |
| Operating Profit | 3.27 | -10.77 | -10.72 | -5.54 | -1.91 | -5.24 | -9.86 | 0.64 | -1.59 | -2.97 | -12.82 | -2 |
| OPM % | 22.68 | -200.93 | -140.87 | -188.44 | -20.25 | -35.5 | -95.54 | 3.57 | -7.29 | -20.38 | -451.41 | -12.59 |
| Other Income | 0 | 0 | 0 | 0.55 | 0.01 | 0.02 | 0.04 | 0.46 | 0.62 | 0.04 | 14.23 | 0.03 |
| Interest | 4.38 | 4.88 | 5.43 | 5.55 | 5.41 | 5.61 | 5.4 | 5.69 | 6.79 | 6.85 | 6.05 | 6.48 |
| Depreciation | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Profit before tax | -1.86 | -16.4 | -16.9 | -11.29 | -8.06 | -11.58 | -15.97 | -5.34 | -8.51 | -10.53 | -5.39 | -9.2 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.86 | -16.4 | -16.9 | -11.29 | -8.06 | -11.58 | -15.97 | -5.34 | -8.51 | -10.53 | -5.39 | -9.2 |
| EPS in Rs | -0.29 | -2.59 | -2.67 | -1.78 | -1.27 | -1.83 | -2.52 | -0.84 | -1.34 | -1.66 | -0.85 | -1.45 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Sep 2013 18m | Sep 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 166 | 101 | 103 | 139 | 156 | 176 | 174 | 262 | 185 | 55 |
| Expenses | 352 | 237 | 396 | 173 | 140 | 158 | 905 | 266 | 199 | 74 |
| Operating Profit | -186 | -137 | -294 | -34 | 16 | 17 | -731 | -4 | -14 | -19 |
| OPM % | -112 | -136 | -286 | -25 | 10 | 10 | -421 | -1.6 | -8 | -35 |
| Other Income | -433 | 1 | 54 | 5 | 15 | -27 | 1434 | 9 | 5 | 15 |
| Interest | 62 | 54 | 5 | 5 | 8 | 14 | 18 | 26 | 19 | 26 |
| Depreciation | 14 | 14 | 14 | 14 | 14 | 13 | 3 | 4 | 3 | 3 |
| Profit before tax | -695 | -204 | -258 | -48 | 10 | -37 | 681 | -26 | -31 | -34 |
| Tax % | 15 | 0 | -11 | 1 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -799 | -204 | -229 | -48 | 10 | -37 | 681 | -26 | -31 | -34 |
| EPS in Rs | -150.17 | -38.37 | -42.99 | -9.04 | 1.86 | -7.04 | 127.99 | -4.72 | -5.05 | -5.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Sep 2013 | Sep 2014 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 53 | 53 | 53 | 53 | 53 | 53 | 53 | 56 | 61 | 67 |
| Reserves | -422 | -873 | -1115 | -1170 | -1167 | -1211 | -206 | -29 | -60 | -224 |
| Borrowings | 1011 | 1249 | 1301 | 1310 | 1296 | 1199 | 278 | 76 | 74 | 31 |
| Other Liabilities | 626 | 503 | 427 | 394 | 409 | 542 | 277 | 273 | 300 | 441 |
| Total Liabilities | 1269 | 932 | 667 | 587 | 591 | 583 | 403 | 376 | 376 | 316 |
| Fixed Assets | 698 | 397 | 378 | 360 | 346 | 332 | 212 | 212 | 210 | 203 |
| CWIP | 8 | 6 | 6 | 6 | 7 | 6 | 1 | 2 | 2 | 2 |
| Investments | 331 | 331 | 106 | 92 | 92 | 92 | 41 | 41 | 41 | 39 |
| Other Assets | 231 | 198 | 178 | 129 | 146 | 152 | 149 | 121 | 123 | 72 |
| Total Assets | 1269 | 932 | 667 | 587 | 591 | 583 | 403 | 376 | 376 | 316 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Sep 2013 | Sep 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -87 | -63 | 3 | 4 | 9 | 7 | 7 | 22 | 20 |
| Cash from Investing Activity | 25 | 14 | 3 | 12 | -6 | -5 | 5 | 5 | -2 |
| Cash from Financing Activity | 61 | 49 | -6 | -16 | -3 | -3 | -12 | -27 | -19 |
| Net Cash Flow | -1 | -1 | 0 | -1 | -1 | 0 | 1 | 0 | -1 |
| Free Cash Flow | -90 | -63 | 2 | 1 | 2 | 2 | 4 | 16 | 19 |
| CFO/OP | 52 | 47 | -1 | 117 | 53 | 42 | -1 | -546 | -141 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Sep 2013 | Sep 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 51 | 34 | 28 | 10 | 10 | 5 | 11 | 6 | 20 |
| Inventory Days | 294 | 3036 | 4521 | — | — | — | — | — | — |
| Days Payable | 1702 | 17633 | 27182 | — | — | — | — | — | — |
| Cash Conversion Cycle | -1357 | -14563 | -22632 | 10 | 10 | 5 | 11 | 6 | 20 |
| Working Capital Days | -534 | -1007 | -893 | -704 | -617 | -775 | -333 | -259 | -274 |
| ROCE % | — | -27 | -76 | -20 | 9 | 7 | -21 | 0 | -13 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 40.59 | Sell |
| EMA (10) | 40.6 | Sell |
| SMA (20) | 41.6 | Sell |
| EMA (20) | 41.48 | Sell |
| SMA (50) | 44.33 | Sell |
| EMA (50) | 43.87 | Sell |
| SMA (100) | 47.66 | Sell |
| EMA (100) | 46.64 | Sell |
| SMA (200) | 50.96 | Sell |
| EMA (200) | 52.24 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.83 | Neutral |
| MACD (12,26,9) | -1.23 | Buy |
| Stochastic (14,3,3) | 51.19 | Neutral |
| ADX (14) | 19.16 | Neutral |
| Williams %R (14) | -79.86 | Neutral |
| ATR (14) | 2.8 | High Volatility |
| ROC (12) | -10.51 | Sell |
| Stoch RSI (14) | 24.21 | Neutral |
| UO (7,14,28) | 43.47 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep 2016 - Duncans Industries Ltd has informed BSE regarding "Destruction and damage to records due to massive fire at Duncan House". | [Fire at Duncan House 8 Sep 2016 - Duncans Industries Ltd has informed BSE regarding "Destruction and damage to records due to massive fire at Duncan House".](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CCC962ED_D1AB_4EB9_AD6C_7C767062612C_160213.pdf) |
| 8 Sep 2016 - Duncans Industries Ltd has informed BSE regarding "Destruction and damage to records due to massive fire at Duncan House". | [Fire at Duncan House 8 Sep 2016 - Duncans Industries Ltd has informed BSE regarding "Destruction and damage to records due to massive fire at Duncan House".](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/9/CCC962ED_D1AB_4EB9_AD6C_7C767062612C_160213.pdf) |
| 28 Jun 2016 - Duncans Industries Ltd has informed BSE regarding "Authorised Key Managerial Personnel to determine materiality of events/information". | [Authorised KMPs to determine materiality of events/information 28 Jun 2016 - Duncans Industries Ltd has informed BSE regarding "Authorised Key Managerial Personnel to determine materiality of events/information".](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03616DFA_A85E_40CE_B224_1D5C958C9628_103626.pdf) |
| 28 Jun 2016 - Duncans Industries Ltd has informed BSE regarding "Authorised Key Managerial Personnel to determine materiality of events/information". | [Authorised KMPs to determine materiality of events/information 28 Jun 2016 - Duncans Industries Ltd has informed BSE regarding "Authorised Key Managerial Personnel to determine materiality of events/information".](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/6/03616DFA_A85E_40CE_B224_1D5C958C9628_103626.pdf) |
| 27 Sep 2016 - As informed earlier, vide a notification dated January 28, 2016 under section 16E of the Tea Act, the Central Government had authorised the Tea Board … | [Updates 27 Sep 2016 - As informed earlier, vide a notification dated January 28, 2016 under section 16E of the Tea Act, the Central Government had authorised the Tea Board …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C3348688_9B1F_4408_A741_250ACA822507_145049.pdf) |
| 27 Sep 2016 - As informed earlier, vide a notification dated January 28, 2016 under section 16E of the Tea Act, the Central Government had authorised the Tea Board … | [Updates 27 Sep 2016 - As informed earlier, vide a notification dated January 28, 2016 under section 16E of the Tea Act, the Central Government had authorised the Tea Board …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/9/C3348688_9B1F_4408_A741_250ACA822507_145049.pdf) |
| — | [Standalone Financial Results for March 31, 2016 11 Aug 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CEA61120_CF32_4731_84E6_F86569CAB455_200346.pdf) |
| — | [Standalone Financial Results for March 31, 2016 11 Aug 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/8/CEA61120_CF32_4731_84E6_F86569CAB455_200346.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_DUNCANSIND_2010_2011_27022012110002.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_DUNCANSIND_2009_2010_30082010120000.zip) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/590063/5900630914.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/590063/5900630913.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/590063/5900630312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/590063/5900630311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/590063/5900630310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:07.671Z.