Buy Mcleod Russel @ 156.10 // Pradnya Gaikwad // 3 Feb 2016
pradnya gaikwad
BUY
Market Price Rs.156.10
Target Price Rs.187.32
Mcleod Russel India Ltd.
BUY Market Price Rs.156.10 Target Price Rs.187.32 |
Mcleod Russel India Ltd. are the world’s largest tea plantation company in the private sector. We are engaged in the cultivation, processing and marketing of tea. As the largest tea exporter from India, we enjoy enduring relationships with buyers globally.
STOCK INFO | ||
Sector Tea Market Cap Rs1698.21 52WeekH/L (BSE) 140.60 / 268.60 52WeekH/Low (NSE) 140.60 / 268.60 Volume 90,142 Face value 5.00 BSE Sensex 155.15 NSE 155.20 |
Category % of Holding |
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| (A)Promoters 21.05 (B) General Public 10.75 (C) Others 31.90 (D) NBFC And Mutual Funds 22.52 (E) Financial Institutions 22.81
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Total 100.00 |
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The Company has forty seven ISO 22000 certified Factories. Your Company also has forty five estates certified as “Rainforest Alliance.” The Nilpur Blending Unit is a HACCP Certified unit. Your Company also participates in Ethical Tea Partnership, a global initiative. The average price realisation for the Company’s tea for the year was Rs. 172.38 per kg compared to Rs. 167.63 per kg realised in the earlier year. The Company saw a total export quantum of 130.55 lakh kgs in 2014-15 with an overall turnover of over Rs. 28751 lakhs. Favourable feedback was received from the buyers both in terms of quality and deliveries. There was no material change or commitment affecting the financial position of the Company occurred between the end of the financial year and the date of the Report.
A total of 181.92 lakh kgs was produced during 2014 as compared to 161.78 lakh kgs during 2013, which is the highest ever crop produced by the Company. To mitigate the weather related own crop loss, and on account of factory and machinery up gradation, efforts were engaged to increase leaf intake from out-growers. These proved successful to the extent of realising a new record of over 50 lakh kgs, from out-growers.