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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
Chengmari Tea Company Limited is a legacy tea cultivation and processing company with over 50 years of history in West Bengal. With a share price of just ₹0.1 and no publicly available financial disclosures, the company appears to have minimal market activity. The broader Indian tea sector faces structural headwinds from rising costs and price volatility.
Pros
Cons
Business Segments
Tea Processing
Manufacturing and processing of green and black tea; operations based in West Bengal tea belt.
Revenue Model
The company earns revenue primarily through sale of processed tea at auction markets (Kolkata Tea Auction) and through direct bulk sales to tea traders and blenders.
Detailed Analysis
Growth Plans
Rising global demand for Indian specialty teas could improve realisation prices
Potential value unlocking through sale or lease of tea garden land assets
Industry Tailwinds
Rising global demand for Indian specialty teas could improve realisation prices
Potential value unlocking through sale or lease of tea garden land assets
Recent Developments
Revenue maintained in ₹1-100 Cr range but EBITDA fell 81.93% YoY in FY2022, reflecting tea price pressure and potentially elevated input costs.
FY2022Comparable Companies
GOODRICKE · ~500 Cr
Frequently Asked Questions
About Chengmari Tea Company
Chengmari Tea Company Limited is a Kolkata-based tea manufacturer incorporated on 2 January 1975 under the Companies Act (CIN: U01132WB1975PLC029797). The company cultivates and processes green and black tea, with the Chengmari Tea Estate operating in one of India's premier tea-growing regions. Despite being registered in Kolkata (West Bengal), Chengmari's tea estate operations are in the foothills bordering Assam and Dooars — producing teas consumed across India and exported internationally. The Chengmari Tea Estate has an international reputation for producing high-quality teas. The estate claims to produce 1.8 billion cups of tea annually — a remarkable production claim that would place it among the larger tea estates in the region. The company's website highlights Chengmari's green tea offerings, suggesting diversification into the growing green tea segment alongside traditional black tea production. With authorised and paid-up capital both at ₹1 crore, Chengmari Tea is a modestly capitalised estate company — typical of many privately-owned tea gardens in India where the estate itself (land, bushes, processing factory) represents the primary asset rather than share capital. Revenue data shows operations in the ₹1-100 crore range as of the most recently available data (FY2022), though EBITDA declined significantly (-81.93%) over the prior year — suggesting commodity price pressure or operational challenges. Tea is one of India's oldest agricultural industries, with estates in Assam, Darjeeling, Dooars, and Nilgiris producing teas consumed globally. The Indian tea industry has been under pressure from Bangladesh imports, Chinese green tea competition, and commodity price cycles.
Key Milestones
Incorporated January 2, 1975 in Kolkata, West Bengal (CIN: U01132WB1975PLC029797)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Persistent low pricing environment for CTC teas
Labour cost escalation in West Bengal tea estates
Climate change impact on tea yields in North Bengal
EBITDA declined 81.93% in FY2022 — significant profitability erosion
Source: Company Financial Filings
Tea commodity price volatility creates unpredictable earnings
Source: AlphaHub Research
Tea prices in India are subject to volatility at auction markets, affecting revenue realisation for garden owners.
Tea plantations are heavily labour-dependent; rising minimum wages and labour shortages in West Bengal pose cost pressures.
Tea yields are highly sensitive to monsoon patterns and climate variability, posing production risks.
As an unlisted company with a share price of ₹0.1, the stock has extremely low liquidity and tradability.
MCLEODRUSS · ~800 Cr
WLMGML
Kejriwal family-managed tea processor; green and black tea manufacturing
Authorized ₹1 Cr; paid-up ₹1 Cr; open charges ₹30.67 Cr (active credit lines)
Revenue ₹1-100 Cr range (FY22); last balance sheet filed March 2023