Mcleod Russel India Ltd.
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ABOUT
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Net worth is negative - accumulated losses have eroded equity
- Company has a low return on equity of -515.4% over last 3 years
- Company has a low return on capital employed of -14.9%
- Interest coverage is weak at -0.1x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.15x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TATACONSUM | 991.55 | 60.02 | 98133.23 | 1.01 | 427.19 | 28.77 | 5348.88 | 11.93 | 10.10 | 13.21 |
| CCL | 1080.05 | 33.34 | 14421.68 | 0.53 | 116.88 | 61.33 | 1200.45 | 13.72 | 15.90 | 16.12 |
| ANDREWYU | 26.11 | 0.00 | 1276.65 | 0.00 | -2.34 | -111.60 | 58.30 | 5.08 | -1.45 | 8.66 |
| GOODRICKE | 217.35 | 7.42 | 469.48 | 0.92 | 40.87 | 1181.19 | 211.30 | 21.08 | 8.28 | 17.90 |
| MCLEODRUSS | 43.34 | 0.00 | 452.71 | 0.00 | -13.38 | 69.23 | 261.11 | 21.02 | -1.03 | 11.16 |
| PKTEA | 1121.75 | 65.08 | 347.28 | 0.07 | 3.69 | 370.56 | 11.60 | -1.11 | 1.28 | 5.17 |
| JAYSREETEA | 92.76 | 0.00 | 267.87 | 0.00 | -5.94 | 33.85 | 206.17 | 8.61 | 1.20 | 2.68 |
| UNITEDTEA | 432.95 | 18.34 | 216.33 | 0.74 | 6.38 | -20.51 | 19.83 | -10.49 | 11.28 | 25.60 |
| NEAGI | 3418.00 | 5.79 | 212.62 | 0.59 | 15.33 | -80.10 | 6.41 | -0.33 | 9.64 | 218.32 |
| ROSSELLIND | 55.26 | 15.02 | 208.31 | 0.72 | 24.30 | 88.37 | 749.30 | 6.51 | 8.99 | 10.68 |
| GROBTEA | 945.85 | 14.34 | 109.94 | 0.21 | 3.27 | 142.07 | 22.86 | 28.04 | 6.96 | 18.05 |
| NORBTEAEXP | 64.15 | 0.00 | 99.72 | 0.00 | 3.23 | 1033.33 | 12.90 | 946.23 | 2.98 | 51.40 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 324 | 290 | 157 | 151 | 412 | 334 | 128 | 168 | 324 | 398 | 84 | 204 | |
| 151 | 205 | 324 | 315 | 140 | 255 | 357 | 250 | 165 | 232 | 392 | 225 | 220 | |
| Operating Profit | 2 | 119 | -35 | -159 | 10 | 156 | -22 | -122 | 3 | 92 | 7 | -141 | -16 |
| OPM % | 1.25% | 36.81% | -11.97% | -101.22% | 6.86% | 38.03% | -6.72% | -95.64% | 1.64% | 28.31% | 1.66% | -167.33% | -7.69% |
| 1 | 1 | 1 | 2 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | -126 | 1 | |
| Interest | 49 | 43 | 43 | 50 | 43 | 44 | 58 | 65 | 41 | 42 | 40 | 7 | 24 |
| Depreciation | 13 | 13 | 13 | 13 | 12 | 12 | 13 | 13 | 12 | 12 | 12 | 12 | 13 |
| Profit before Tax | -59 | 64 | -90 | -219 | -45 | 100 | -92 | -200 | -49 | 38 | -45 | -286 | -15 |
| Tax % | -4.76% | -1.73% | 13.29% | 13.06% | 18.72% | 12.54% | 14.99% | 15.10% | 18.91% | 22.18% | 32.04% | 82.78% | -0.14% |
| Net Profit | -62 | 65 | -78 | -190 | -36 | 88 | -78 | -169 | -40 | 29 | -31 | -49 | -15 |
| -5.92 | 6.20 | -7.47 | -18.22 | -3.49 | 8.39 | -7.48 | -16.22 | -3.84 | 2.79 | -2.94 | -4.71 | -1.41 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,507 | 1,485 | 1,596 | 1,313 | 857 | 1,112 | 1,109 | 1,097 | 923 | 1,024 | 1,011 | |
| 1,423 | 1,455 | 1,584 | 1,410 | 819 | 951 | 1,021 | 1,035 | 997 | 1,002 | 1,070 | |
| Operating Profit | 84 | 31 | 13 | -97 | 38 | 161 | 88 | 62 | -74 | 22 | -58 |
| OPM % | 5.57% | 2.06% | 0.80% | -7.36% | 4.44% | 14.50% | 7.90% | 5.66% | -7.96% | 2.15% | -5.78% |
| 98 | 184 | 324 | 493 | 211 | 13 | 7 | -920 | 6 | 2 | -124 | |
| Interest | 101 | 128 | 171 | 327 | 214 | 187 | 152 | 184 | 185 | 210 | 113 |
| Depreciation | 81 | 83 | 83 | 69 | 62 | 71 | 56 | 53 | 52 | 50 | 49 |
| Profit before Tax | 0 | 5 | 83 | 0 | -28 | -84 | -114 | -1,094 | -305 | -236 | -308 |
| Tax % | -2076.09% | -511.21% | 19.19% | 210395.24% | 143.86% | 37.25% | -19.33% | 4.09% | 12.76% | 16.83% | 78.74% |
| Net Profit | 4 | 31 | 67 | -4 | 12 | -53 | -136 | -1,049 | -266 | -196 | -66 |
| EPS | 0.37 | 2.79 | 6.15 | -0.41 | 1.18 | -5.06 | -13.04 | -100.47 | -25.43 | -18.80 | — |
| Dividend Payout % | 534.47% | 8.96% | 8.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -3%
- 5 Years:
- 4%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -13%
- 5 Years:
- 8%
- 3 Years:
- 26%
- 1 Year:
- 11%
RETURN ON EQUITY
- 10 Years:
- -155%
- 5 Years:
- -312%
- 3 Years:
- -515%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 55 | 55 | 55 | 52 | 52 | 52 | 52 | 52 | 52 | 52 |
| 1,686 | 1,689 | 1,756 | 1,622 | 1,589 | 1,567 | 1,431 | 357 | 90 | -102 | |
| 650 | 794 | 980 | 1,635 | 2,110 | 2,047 | 1,885 | 1,796 | 1,539 | 1,555 | |
| Trade Payables | 112 | 102 | 106 | 156 | 72 | 84 | 96 | 86 | 79 | 90 |
| 744 | 722 | 771 | 969 | 934 | 867 | 1,035 | 1,401 | 1,824 | 2,030 | |
| Total Liabilities | 3,247 | 3,362 | 3,668 | 4,434 | 4,758 | 4,617 | 4,500 | 3,691 | 3,585 | 3,625 |
| 1,627 | 1,636 | 1,606 | 1,089 | 1,015 | 962 | 966 | 958 | 920 | 895 | |
| Capital Work in Progress | 83 | 82 | 95 | 47 | 53 | 58 | 43 | 40 | 39 | 36 |
| 307 | 302 | 325 | 272 | 170 | 213 | 222 | 212 | 222 | 218 | |
| 166 | 140 | 125 | 94 | 59 | 83 | 90 | 75 | 47 | 69 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36 | 36 | |
| Cash & Bank | 10 | 9 | 6 | 317 | 19 | 91 | 20 | 12 | 3 | 5 |
| 1,054 | 1,193 | 1,511 | 2,615 | 3,442 | 3,210 | 3,160 | 2,394 | 2,317 | 2,365 | |
| Total Assets | 3,247 | 3,362 | 3,668 | 4,434 | 4,758 | 4,617 | 4,500 | 3,691 | 3,585 | 3,625 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 169 | 83 | 108 | 346 | -11 | 108 | 75 | 159 | 57 | 29 | |
| Cash from Investing | -250 | -64 | -98 | -319 | -651 | 0 | -45 | -33 | -7 | -22 |
| Cash from Financing | 106 | -18 | 11 | 261 | 363 | -80 | -97 | -119 | -59 | -4 |
| 2 | -1 | -3 | 304 | -291 | 74 | -71 | -7 | -9 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Mcleod Russel India Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015'.
2026-09-09 - Mcleod Russel India Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-08 - Mcleod Russel India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026
2026-09-03 - Mcleod Russel India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-28 - Mcleod Russel India Limited has informed the Exchange about Sale or disposal
2026-08-19 - Mcleod Russel India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-15 - Mcleod Russel India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Mcleod Russel India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-06 - Mcleod Russel India Limited has informed the Exchange about Sale or disposal
News
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