āagman

Not investment advice. Data and computed figures, for information only.

CCL Products (India) Ltd

NSE: CCL
₹1,085.40
−₹15.20 (−1.38%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹14,040 Cr
CMP
₹1,085.40
52-wk High / Low
₹1,242 / 824
P/E
32.5
P/B
6.0
Book Value
₹176.0
Div Yield
0.55%
ROCE
16.0%
ROE
18.0%
Face Value
₹2
D/E
0.56

Price+30.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹339
√(22.5 × EPS × book value per share)
ROIC
13.4%
vs 13.1% sector median
Cash flow to profit
2.21
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+111
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.8%
ROE × earnings retention ratio
ROE stability
1.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.05FII +0.87DII −0.02
Latest quarter vs the previous one
Cash-accrual divergence
−11.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 4.4pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 32.5x is below the sector median of 34.6x
Watch-outs
−Latest ROCE of 16% trails the sector median of 19%
−Borrowings are up 530.5% since FY2016 (210 to 1324)
−Promoter holding fell by 0.1pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6556086647277737387588361,0561,1271,0511,2241,200
Expenses5494985546096436016346738979308661,0331,007
Operating Profit106110111118130137124163159197185192194
OPM %16.2%18.1%16.7%16.2%16.8%18.6%16.4%19.5%15.1%17.5%17.6%15.7%16.2%
Other Income0114113421323
Interest15182321212731343433323029
Depreciation22232231232425273439394039
Profit before tax6970677087877210694127116123129
Net Profit6161636571746310272101100115117
EPS (₹)4.564.574.764.885.355.544.727.635.437.557.518.588.75

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8819329761,1381,0811,1391,2421,4622,0712,6543,1064,4574,602
Expenses7097277448998368539451,1311,6712,2082,5513,7233,835
Operating Profit171205232239245286298331400445555734767
OPM %19.4%22.0%23.8%21.0%22.7%25.1%24.0%22.6%19.3%16.8%17.9%16.5%16.7%
Other Income3115343436879
Interest141111881817163478113129124
Depreciation2728333432474957649898152157
Profit before tax134167189202209225235261305276352461496
Net Profit94122135148155166182204284250310388433
EPS (₹)7.069.1810.1211.1411.6412.4713.7015.3621.3518.7323.2429.0732.39

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital272727272727272727272727—
Reserves3954836027138129021,0611,2241,4711,6471,9412,318—
Borrowings2292101423114164695596559201,6221,8151,324—
Other Liabilities111817883166112142164180240459657—
Total Liabilities7628018481,1341,4221,5091,7882,0702,5973,5364,2414,326—
Fixed Assets3404173933713837247988821,2571,2521,6222,027—
CWIP5300226424100149160545014503—
Investments222111000003—
Other Assets3673824535356136848411,0281,2861,7832,1692,293—
Total Assets7628018481,1341,4221,5091,7882,0702,5973,5364,2414,326—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1251051611021451629117111617355290858
Cash from Investing Activity−58−19−87−20−247−175−88−153−192−307−527−41518
Cash from Financing Activity−42−93−82−8412942−3764916455953−757
Net Cash Flow25−8−8−22729−3582−673086−72120

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.023.026.027.023.019.018.017.016.016.012.013.016.0
ROE %————————————18.0
EPS (₹)4.847.069.1810.1211.1411.6412.4713.7015.3621.3518.7323.2429.07
Book Value (₹)————————————176.0
Face Value (₹)————————————2
P/E————————————32.5
Div Yield %————————————0.55
NPM %8.910.613.113.812.914.314.514.613.913.79.410.08.7
OPM %20.019.022.024.021.023.025.024.023.019.017.018.016.0
D/E0.830.540.410.230.420.500.500.510.520.610.970.920.56
P/B————————————6.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+29.0%
3 years+29.0%
TTM+36.0%
Compounded profit growth
10 years+12.0%
5 years+16.0%
3 years+11.0%
TTM+39.0%
Stock price CAGR
10 years+16.0%
5 years+21.0%
3 years+18.0%
Last year+27.0%
Return on equity
10 years18.0%
5 years18.0%
3 years17.0%
Last year18.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.78%44.78%44.78%45.02%45.28%45.84%46.19%46.26%46.26%46.26%46.09%46.11%46.16%
FIIs22.19%22.19%22.19%25.52%27.50%15.80%12.35%8.19%7.75%8.12%10.20%11.24%12.11%
DIIs5.11%5.11%5.11%4.16%2.76%10.95%14.27%19.45%21.06%21.73%20.88%21.43%21.41%
Government—————————————
Public27.92%27.92%27.92%25.30%24.46%27.41%27.19%26.10%24.95%23.89%22.82%20.97%20.18%
No. of shareholders15,26615,26615,26617,93219,36428,57038,18867,71757,39455,49552,97062,29365,916
Change since Jun 2023 (pp)
Promoters +1.38FIIs −10.08DIIs +16.30Public −7.74

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for The Second Quarter And Half Year Ended September 30, 2026.Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026RecordingMay 2026TranscriptFeb 2026TranscriptFeb 2026RecordingNov 2025TranscriptNov 2025RecordingAug 2025Transcript

Corporate actions

As of 1 Sep 2026
1 Sep 2026DIVIDENDDividend - Rs 3 Per Share—
10 Feb 2026DIVIDENDInterim Dividend - Rs 2.75 Per Share—
7 Aug 2025DIVIDENDDividend - Rs 5 Per Share—
13 Sep 2024DIVIDENDDividend - Rs 2 Per Share—
15 Feb 2024DIVIDENDInterim Dividend - Rs 2.50 Per Share—
11 Aug 2023DIVIDENDDividend - Rs 2.50 Per Share—
31 Jan 2023DIVIDENDInterim Dividend - Rs 3 Per Share—
25 Aug 2022DIVIDENDDividend - Rs 2 Per Share—
31 Jan 2022DIVIDENDInterim Dividend - Rs 3 Per Share—
18 Aug 2021DIVIDEND Dividend - Rs 2 Per Share—
28 Oct 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
6 Mar 2020DIVIDEND Interim Dividend - Rs 1.5 Per Share Special Dividend - Rs 1.5 Per Share—
6 Feb 2020DIVIDEND Interim Dividend - Rs 2 Per Share—
1 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.75 Per Share—
2 Apr 2019DIVIDEND Interim Dividend - Rs 1.75 Per Share—
6 Jul 2018DIVIDEND Dividend- Rs 2.50 Per Share—
4 Jul 2017DIVIDEND Dividend - Rs 2.50 Per Share (Book Closure Dates Revised)—
16 Sep 2016DIVIDEND Dividend - Re 1/- Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 1.50 Per Share (Purpose Revised)—
10 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 1.50/- Per Share (Book Closure Dates Revised)—
10 Jul 2014DIVIDENDAnnual General Meeting/Final Dividend Rs.1.20/- Per Share—
19 Aug 2013SPLITBonus 1:1 And Face Value Split From Rs.10/- To Rs.2/-—
12 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 5/- Per Share—
17 Sep 2012DIVIDENDAnnual General Meeting/Dividend Rs 5 Per Share—
4 Aug 2011DIVIDENDDividend-Rs.2/- Per Share—
3 Nov 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman