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The Scottish Assam Unlisted Shares

44.7K

BUY

₹ 500.00

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₹ 0.00

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As on May 30, 2026, we are buying shares of the THE SCOTTISH ASSAM (INDIA) LTD for ₹ 500.00 and selling them for ₹ 0.00 per share.

About The Scottish Assam Unlisted Shares

Incorporated in 1977, The Scottish Assam (India) Limited owns the 950-hectare Heeleakah Tea Estate. Renowned for its premium-quality “Heeleakah” tea brand in Upper Assam, the company later launched “Dhopatbari”—a brand using bought leaf production—since 2012. Listed on the Calcutta Stock Exchange, the company is managed by a team of tea industry veterans focused on maintaining superior quality standards. Supported by skilled and experienced staff, the company continues to build long-term relationships with tea consumers.

Business Division

Estate Operations: Direct tea cultivation and production at Heeleakah Tea Estate.
Bought Leaf Production: Manufacturing teas under the “Dhopatbari” brand from externally sourced leaves.
Branding & Distribution: Marketing and distribution of two flagship tea brands in domestic and select international markets.

Financial Highlights (FY21 to FY24)

Revenue peaked at ₹39 Cr in FY23 but declined to ₹33 Cr in FY24 due to possible demand or operational challenges.
Gross margins remained strong over the years, maintaining above 90%, indicating high production efficiency.
EBITDA dropped significantly to negative ₹2 Cr in FY24, reflecting operational inefficiencies or rising costs.
PAT increased to ₹12 Cr in FY24, driven by higher other income despite negative operating margins.
EPS rebounded to ₹150 in FY24, showcasing improved net profits despite weaker core performance.
Total assets rose steadily from ₹65.58 Cr in FY21 to ₹94 Cr in FY24, signaling expansion and investment.
Reserves strengthened from ₹53.09 Cr to ₹79 Cr, boosting shareholder value and financial stability.

Pros

Strong Brand Equity: “Heeleakah” and “Dhopatbari” are well-recognized in Assam’s tea industry.
Stable Asset Base: Increasing asset and reserve figures reflect solid long-term positioning.
High Gross Margins: Consistently strong margins signal efficient production and brand pricing power.

Cons

Negative EBITDA in FY24: Indicates operational inefficiencies or rising input costs impacting profitability.
Seasonal Production: Indian tea is seasonal, unlike African competitors with year-round output.
High Employee Costs: 65%+ of total costs go to wages, reducing global competitiveness.