Manjushree Plantations Share Price

ABOUT  MANJUSHREE PLANTATIONS LIMITED UNLISTED SHARE

MANJUSHREE PLANTATIONS LIMITED  shares were debited from the minority shareholder's account 0n July 14, 2022. MANJUSHREE PLANTATIONS LIMITED  paid Rs.10 per share to shareholders, Minority shareholders received consideration on July 18, 2022. 

MANJUSHREE PLANTATIONS LIMITED is a multi-crop plantation located in Nilgiris, Tamil Nadu. It was incorporated on 06 December 2004 as a Non-government company and is registered at the Registrar of Companies, Kolkata. 

Manjushree Plantations Limited produces a wide range of coffee, tea, cardamom, clove, and other spices. The Company endeavors to increase the production of all crops at its plantations.

The company has introduced new initiatives in terms of improving field management, using modern techniques and agricultural practices. This is being complemented by more effective cost controls and maintaining amicable industrial relations. The Company has plans in place to increase awareness of the range of the products and their distribution. In view of this, the Company will participate in various trade fairs, enhance visibility through POPs and engage in trade-related activities. Manjushree Plantations Limited is continuously working towards improving the quality and packaging of its retail products like tea, coffee, and spices.

INCORPORATION DETAILS

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

BOARD OF DIRECTORS

Smt. Manjushree Khaitan (Chairperson)

Shri Kalyan Sen

Shri Amit Kumar Choudhury

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

MANJUSHREE PLANTATIONS LIMITED does not have any subsidiary or associate company.

MANJUSHREE PLANTATIONS LIMITED UNLISTED SHARE DETAILS

SHAREHOLDING PATTERN

(As on 31-03-2020)

INDUSTRY OUTLOOK

India is the second-largest producer of Tea in the world. Not only that, but India is also a leading consumer of Tea. Indian Tea is considered to be the finest tea in the world. 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.

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 the year 2017. However, India does not export much in the case of Tea, as around 80% of the produce is consumed in the country only. India is the world leader in the production and consumption of tea for the last 150 years. India is the 4th largest exporter of tea after Kenya, China, and Sri Lanka. But in 2019, India became the 2nd Largest tea producer in the world and produced around 1,339.70 million kg. India accounts for around 31% of the world’s production of Tea. In January 2021, India produced 16.05 million kg of tea.

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 the ‘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 MANJUSHREE PLANTATIONS LIMITED (In Rs. Lakhs)

BALANCE SHEET OF MANJUSHREE PLANTATIONS LIMITED (In Rs. Lakhs)

DIVIDEND HISTORY

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 16.96% from Rs. 2,317.13 lakhs in FY 2019 to Rs. 2,710.26 lakhs in FY 2020.

EBITDA of the company increased exceptionally by 85.7% from Rs. 693.8 lakhs in FY 2019 to Rs. 1,288.75 lakhs in FY 2020. EBITDA margins increased from 30% in FY 2019 to 48% in FY 2020.

The company after a series of losses reported a net profit of Rs. 60.07 lakhs in FY 2020.

The Current Ratio of the company as of 31st March 2020 was 0.33.

The company does not have any long-term or short-term borrowings.

The company has not given any dividends for the past three years.