---
title: "United Nilgiri Tea Estates Company Ltd (UNITEDTEA) — Share Price, Financials & Analysis"
symbol: "UNITEDTEA"
company: "United Nilgiri Tea Estates Company Ltd"
canonical: "https://tapetide.com/stocks/UNITEDTEA"
isin: "INE458F01011"
nse_symbol: "UNITEDTEA"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
market_cap_cr: 218.85
generated_at: "2026-09-13T20:00:07.481Z"
---

# United Nilgiri Tea Estates Company Ltd (UNITEDTEA)

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

## Company

- **NSE Symbol:** UNITEDTEA
- **ISIN:** INE458F01011
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2015-01-28
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** unitednilgiritea.com

## About

Incorporated in 1922, United Nilgiri Tea Estates & Company Ltd manufactures and sells Tea and also rents out property.[1]

## Latest Price

- **Price:** ₹432.95
- **Change:** -2.85 (-0.65%)
- **Open:** ₹434.9
- **Day High:** ₹439.6
- **Day Low:** ₹421.7
- **Previous Close:** ₹435.8
- **Volume:** 1928
- **As Of:** 2026-09-11T09:59:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:55.151643Z.

- **Market Cap:** ₹218.85 Cr
- **Classification:** Microcap
- **P/E (reported):** 10.7
- **P/E (TTM):** 10.66
- **EPS (TTM):** ₹40.63
- **EPS (reported):** ₹29.9
- **Book Value:** ₹482.91
- **Price to Book:** 0.9
- **Dividend Yield:** 0.73%
- **ROE:** 10.46%
- **ROCE:** 12.99%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹66.7 Cr
- **Net Income:** ₹12.2 Cr
- **EBITDA:** ₹18 Cr
- **52-Week High:** ₹590
- **52-Week Low:** ₹412
- **RSI (14):** 30.01

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 87.5 | 9% |
| growth | 25.52 | 9% |
| momentum | 41.6 | 12% |
| ownership | 43.84 | 24% |
| quality | 72.8 | 22% |
| valuation | 65.97 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.90 times its book value

### Weaknesses

- The company has delivered a poor sales growth of 4.68% over past five years.
- Company has a low return on equity of 8.80% over last 3 years.
- Earnings include an other income of Rs.9.85 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -33.33% | 115.99% | 108.36% |
| ebitda margin growth | 65.38% | 3.01% | — | — |
| net income growth | 72.97% | 32.61% | 24% | 15% |
| revenue growth | 29.28% | 17.43% | 0% | 5% |
| roce | 78.75% | 9.62% | — | — |
| roe | 74.32% | 15.84% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19.16 | 23.6 | 21.89 | 22.96 | 24.98 | 22.94 | 18.92 | 22.15 | 21.13 | 23.76 | 16.31 | 19.83 |
| Expenses | 14.93 | 19.04 | 19.14 | 19.7 | 19.87 | 18.57 | 16.29 | 15.48 | 16.62 | 18.53 | 12.89 | 14.75 |
| Operating Profit | 4.23 | 4.56 | 2.75 | 3.26 | 5.11 | 4.37 | 2.63 | 6.67 | 4.51 | 5.23 | 3.42 | 5.08 |
| OPM % | 22.08 | 19.32 | 12.56 | 14.2 | 20.46 | 19.05 | 13.9 | 30.11 | 21.34 | 22.01 | 20.97 | 25.62 |
| Other Income | 1.49 | 1.85 | 2.25 | 1.99 | 2.67 | 1.93 | 2.9 | 3.39 | 2.28 | 2.24 | 1.79 | 3.54 |
| Interest | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Depreciation | 0.89 | 0.87 | 0.87 | 0.86 | 0.9 | 0.86 | 0.84 | 0.84 | 0.86 | 0.88 | 0.88 | 0.88 |
| Profit before tax | 4.8 | 5.51 | 4.11 | 4.37 | 6.86 | 5.41 | 4.66 | 9.19 | 5.9 | 6.56 | 4.3 | 7.71 |
| Tax % | 19.17 | 22.32 | 25.79 | 14.65 | 6.27 | 16.45 | 17.81 | 12.62 | 16.27 | 18.75 | 14.88 | 17.38 |
| Net Profit | 3.89 | 4.28 | 3.05 | 3.72 | 6.44 | 4.52 | 3.83 | 8.02 | 4.94 | 5.32 | 3.66 | 6.38 |
| EPS in Rs | 7.79 | 8.57 | 6.1 | 7.45 | 12.89 | 9.05 | 7.67 | 16.05 | 9.89 | 10.65 | 7.32 | 12.77 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 62 | 66 | 63 | 66 | 76 | 84 | 84 | 90 | 83 | 81 |
| Expenses | 49 | 52 | 50 | 56 | 65 | 70 | 68 | 74 | 64 | 63 |
| Operating Profit | 13 | 14 | 13 | 11 | 11 | 14 | 16 | 15 | 20 | 18 |
| OPM % | 21 | 21 | 20 | 16 | 15 | 16 | 20 | 17 | 24 | 23 |
| Other Income | 5 | 6 | 4 | 8 | 5 | 5 | 8 | 10 | 10 | 10 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 4 |
| Profit before tax | 15 | 17 | 14 | 15 | 13 | 15 | 20 | 21 | 26 | 24 |
| Tax % | 21 | 15 | 23 | 19 | 20 | 19 | 21 | 13 | 15 | — |
| Net Profit | 12 | 14 | 11 | 12 | 10 | 12 | 16 | 19 | 22 | 20 |
| EPS in Rs | 24.32 | 28.76 | 21.43 | 24.52 | 20.59 | 24.26 | 32.12 | 37.05 | 43.91 | 40.63 |
| Dividend Payout % | 11 | 9 | 13 | 11 | 18 | 11 | 8 | 8 | 7 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 97 | 112 | 134 | 150 | 161 | 170 | 182 | 199 | 216 | 236 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 7 | 8 | 8 | 9 | 12 | 12 | 11 | 13 | 13 | 14 |
| Total Liabilities | 108 | 125 | 148 | 164 | 177 | 187 | 198 | 217 | 233 | 256 |
| Fixed Assets | 38 | 39 | 38 | 43 | 44 | 43 | 44 | 43 | 44 | 45 |
| CWIP | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 |
| Investments | 41 | 63 | 73 | 76 | 102 | 107 | 127 | 134 | 151 | 169 |
| Other Assets | 30 | 23 | 36 | 43 | 30 | 34 | 25 | 38 | 36 | 42 |
| Total Assets | 108 | 125 | 148 | 164 | 177 | 187 | 198 | 217 | 233 | 256 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 9 | 6 | 11 | 8 | 9 | 5 | 15 | 8 | 21 | 13 |
| Cash from Investing Activity | -7 | -6 | -10 | -4 | -9 | -3 | -13 | -4 | -19 | -12 |
| Cash from Financing Activity | -2 | -2 | -2 | -2 | -1 | -1 | -1 | -2 | -1 | -1 |
| Net Cash Flow | 1 | -2 | -1 | 3 | -2 | 1 | 0 | 2 | 1 | -1 |
| Free Cash Flow | 7 | 3 | 6 | 0 | 4 | 1 | 11 | 6 | 18 | 9 |
| CFO/OP | 102 | 75 | 96 | 89 | 104 | 77 | 127 | 64 | 157 | 77 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 14 | 32 | 25 | 42 | 27 | 40 | 24 | 56 | 28 | 33 |
| Inventory Days | 148 | 151 | 164 | 199 | 247 | 201 | 126 | 131 | 62 | 115 |
| Days Payable | 18 | 37 | 37 | 58 | 61 | 53 | 30 | 40 | 22 | 43 |
| Cash Conversion Cycle | 144 | 145 | 152 | 183 | 213 | 188 | 120 | 147 | 68 | 105 |
| Working Capital Days | 37 | 49 | 57 | 72 | 71 | 77 | 50 | 75 | 39 | 93 |
| ROCE % | 14 | 14 | 12 | 9 | 9 | 7 | 8 | 10 | 10 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.79% | 49.86% | 49.86% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 4.41% | 4.41% | 4.41% | 4.41% | 3.92% | 3.92% | 3.92% | 3.92% | 3.92% | 3.92% | 3.92% | 3.58% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 34.64% | 34.62% | 34.56% | 35.37% | 35.73% | 35.36% | 35.53% | 35.45% | 35.29% | 34.14% | 32.93% | 33.16% |
| Others | 11.17% | 11.18% | 11.24% | 10.43% | 10.55% | 10.93% | 10.76% | 10.83% | 11% | 12.15% | 13.29% | 13.4% |
| No. of Shareholders | 4963 | 4759 | 4967 | 4605 | 4702 | 5544 | 5713 | 5611 | 5321 | 5132 | 4789 | 4646 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 442.5 | Sell |
| EMA (10) | 441.91 | Sell |
| SMA (20) | 448.18 | Sell |
| EMA (20) | 448.04 | Sell |
| SMA (50) | 462.19 | Sell |
| EMA (50) | 462.28 | Sell |
| SMA (100) | 489.69 | Sell |
| EMA (100) | 475.85 | Sell |
| SMA (200) | 487.51 | Sell |
| EMA (200) | 477.98 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 28.16 | Buy |
| MACD (12,26,9) | -7.91 | Sell |
| Stochastic (14,3,3) | 10.79 | Buy |
| ADX (14) | 11.81 | Neutral |
| Williams %R (14) | -78.85 | Neutral |
| ATR (14) | 12.16 | Neutral |
| ROC (12) | -5.91 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 36.92 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Retirement](https://nsearchives.nseindia.com/corporate/kpsarathy_11082026182035_United_Tea-sd.pdf) |
| 2026-08-08 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_08082026174221_Scrutinizer_Report.pdf) |
| 2026-08-08 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/kpsarathy_08082026173536_Newspaper_Intimation_SD.pdf) |
| 2026-08-07 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_07082026181715_AGMOutcome.pdf) |
| 2026-07-11 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/kpsarathy_11072026133602_Newspaper_Advertisement_Intimation.pdf) |
| 2026-07-10 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_10072026155857_AGM_Notice_Intimation.pdf) |
| 2026-07-10 | [General Updates](https://nsearchives.nseindia.com/corporate/kpsarathy_10072026161706_weblink_letter_Intimation.pdf) |
| 2026-07-03 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/kpsarathy_03072026170521_Regulation_74_5_.pdf) |
| 2026-06-22 | [Trading Window](https://nsearchives.nseindia.com/corporate/kpsarathy_22062026180012_Trading_Window_Closure.pdf) |
| 2026-06-19 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_sandeshc_08052026122051_34.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_06082026184103_BM_Outcome.pdf) |
| 2026-06-04 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_04062026122052_Unitedtea_Outcome_of_BM.pdf) |
| 2026-05-20 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_20052026140745_Outcome_of_Board_Meeting__1_.pdf) |
| 2026-05-20 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_20052026140009_Outcome_of_Board_Meeting__1_.pdf) |
| 2026-02-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_06022026133355_Intimation_on_Outcome_of_BM.pdf) |
| 2025-11-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_06112025193755_BM_outcome_FS.pdf) |
| 2025-11-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/kpsarathy_06112025154404_BM_outcome_FS.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_29711_UNITEDTEA_2025_2026_A_1509714_10072026160728.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_26560_UNITEDTEA_2024_2025_A_17062025144450.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24891_UNITEDTEA_2023_2024_0908202415465.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22060_UNITEDTEA_2022_2023_23062023163203_06232023170000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20345_UNITEDTEA_2021_2022_13072022133622_07132022140003.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18460_UNITEDTEA_2020_2021_19072021163511_19072021170004.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_16456_UNITEDTEA_2019_2020_15072020130610_15072020140003.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_14583_UNITEDTEA_2018_2019_25062019153837_11072019170003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13356_UNITEDTEA_2017_2018_05092018184553.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11016_UNITEDTEA_2016_2017_09082017123954.zip) |

---

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 2026-09-13T20:00:07.481Z.