ABOUT THE METHONI TEA COMPANY LIMITED
THE METHONI TEA COMPANY LIMITED is engaged in the business of growing, manufacturing and selling of Black Tea. The Methoni Tea Estate spreads over 462 hectares. It is located near Kaziranga National Park in Golaghat, Assam.
Methoni produces the finest quality Assam Orthodox Teas. The company uses ideal mixes of seeds and clonal bushes. The company is continuously focusing on its product quality. The company strictly follows an aggressive uprooting and replanting program to grow highest quality crops.
The company has subscribed to Tea Research Association to carry out Research and Development Activities on Tea. The Association provides strong scientific support to the tea estate and tea cultivation practices.
The Equity shares of the company are listed on Calcutta Stock Exchange Limited.
19 December 1929
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
75-C Park Street, 1st Floor,
Kolkata 700 016
Tel. 91 33 22293241/7638
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
M/s Maheshwari Datamatics Private Limited,
23 R N Mukherjee Road,
5th Floor, Kolkata 700 001,
Tel. 2243 - 5029
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
BOARD OF DIRECTORS
Rajendra Prasad Bubna (Whole Time Director)
Anita Bubna (Non-Executive Director)
Prahalad Lal Jain (Independent Director)
Sona Goenka (Independent Director)
Sumit Bhartia (Chief Financial Officer)
Priyanka Mohta (Company Secretary)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
THE METHONI TEA COMPANY LIMITED does not have any subsidiary or associate company.
THE METHONI TEA COMPANY LIMITED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Current Unlisted Share Price:
Rs. 6.12 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Anita Bubna (Promoter)
Rajendra Prasad Bubna (Promoter)
Tea is the most common drink throughout the country. The global tea production (excluding China) in the FY 2020 was at par with FY 2019. All India tea production during FY 2020 was 1,360.10 million kgs compared to 1,349.60 million kgs in the FY 2019. In January 2021, India produced 16.05 million kg of tea. The Indian tea market is estimated to be Rs. 26,000 Crores, with unbranded being 30-35% of the overall market value. Total Tea exports in FY 2020 stood at US$ 826.47 million as against US$ 830.90 million in FY 2019. India attained the highest exports of Tea in year 2017. India is the 4th largest exporter of tea after Kenya, China and Sri Lanka.
Black Tea is the predominant sub-category. Green Tea is estimated to be around 3% of the branded category and is growing at 12.5% annually. The tea produced in the country is almost sufficient to meet the internal domestic demands. North East and North Bengal are known to be the main tea growing regions of India. However, Tea is also grown in Nilgiris in South India at a very large level. Assam is the largest tea producing state of India followed by West Bengal. South India accounts for 1/5th of the industry. India produces various varieties of Tea including CTC Tea, Orthodox Tea, Green Tea, etc.
The tea market is growing significantly in India. It is projected to grow at a CAGR of 4.2% from 2021 to 2026. Indian Government has established ‘Tea Board of India’ in 1954. It performs developmental and regulatory functions of the tea industry in India. It also undertakes direct promotional activities for tea producers of India.
PROFIT & LOSS STATEMENT OF THE METHONI TEA COMPANY LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax and Exceptional items
Profit After Tax (PAT)
Earnings Per Share (EPS) (In Rs.)
BALANCE SHEET OF THE METHONI TEA COMPANY LIMITED (In Rs. Lakhs)
31st March 2021
31st March 2020
31st March 2019
NON CURRENT ASSETS
Other noncurrent assets
TOTAL NON CURRENT ASSETS
Biological assets other than bearer plants
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
Long term borrowings
Other noncurrent liabilities
TOTAL NON CURRENT LIABILITIES
Short term borrowings
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations increased by 10.99% from Rs. 1,769.95 lakhs in FY 2020 to Rs. 1,964.55 lakhs in FY 2021.
EBITDA of the company incurred a loss of Rs. 63.89 lakhs in FY 2020. In FY 2021, the EBITDA of the company was a profit was of Rs. 190.95 lakhs.
The company earned a net profit of Rs. 183.62 lakhs in FY 2021 as against a profit of Rs. 37.36 lakhs in FY 2020, an increase of 391.49%.
Current Ratio of the company as of 31st March 2021 was 0.87. The company needs to improve its working capital management.
Debt to Equity ratio of the company as of 31st March 2021 was 0.40. Total debt on the company as of 31st March 2021 was Rs. 246.85 lakhs.
The company has not given any dividend from the past three years.
The book value per equity share of the company as of 31st March 2021 was Rs. 150.49.
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