Bengal Tea & Fabrics Ltd
BENG

Bengal Tea & Fabrics Ltd (532230)

₹74.52.12%

Key Stats

₹70.25
Day's Price Range
₹75
₹55.55
52-Week Price Range
₹83.95
1 Month Return-2.74 %
3 Month Return0.62 %
1 Year Return21.58 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 462
EPS
Rank 466
BVPS
Rank 541
Dividend Yield
Rank 185
ROE
Rank 1051
-8.48%
Price To Book Ratio
Rank 364
Debt To Asset
Rank 528

Company Information

Bengal Tea FabricsBTFL promoted by B D Kanoria was incorporated in Jul. 83 is manufacture and sale of Black Tea Cloth and Yarn. It operates through its two division i.e Tea Textile divisions. BTFL made public offer of 1.2 lac equity shares in May 1984. Bengal Tea Industries was amalgamated with BTFL with effect from Apr. 1985.The tea division of the company for its Black Tea production get the Green tea leaves from its own plantations. In the beginning the company had only three tea estates namely Pallorbund Tea Estates Dooloogram Tea Estate and the Poloi Tea Estate all in Assam. But later in 1970 the Ananda Assam Tea Co. Ltd having five tea estates was amalgamated with the company In the year 2000 the company has sold the Pallorbund and Dooloogram Tea Estates thus leaving the company with only Ananda Tea Estate It markets its tea under the brand name Classic Gold and Pallorbund. BTFLs Textile division come into existence by way of erstwhile Bengal Teas diversification into textiles by taking over of the Ahmedabad based Asarwa Mills in 1976 thus making it its subsidiary In 1977 the Asarwa Mills was amalgamated with the erstwhile Bengal Tea and accordingly Bengal Tea changed its name to Bengal Tea Industries Ltd in the same year. And again in 1987 the Bengal Tea Industries was amalgamated with this company. Apart from the Asarwa Mills a composite mill located at Ahmedabad the company had an Industrial Yarn unit and an spinning unitAsarwa Overseas at GIDC Estate and Walthera Village at DholkaNear Ahmedabad respectively. Presently as on 200001 the company has an installed capacity of 98 looms and 50184 spindles to produce cloth and yarn respectively.The Asarwa overseas spinning unitset up under EPCG scheme having the capacity of 18144 spindles to manufacture cotton/blended yarn for export has commenced commercial production in November 1994 with 13104 spindles the rest were installed in January 1995. The company has also plans to increase the capacity of Asarwa Overseas from 18144 spindles to 24192 spindles to enable the textile division to successfully execute the growing export enquiries for its products. Later it expanded the installed capacity of this unit by 6048 spindles in 1996. Further it proposes to modernise the other two units at Ahmedabad and Dholka and has also increased the installed capacity by 1728 spindles at it other two textile units in 1996. The company proposes to setup D G units at Ahmedabad Dholka for the problem of acute power shortage.During the year 199899 the Textile division of the Company replaced 1008 spindles with balancing preparatory machinery and added autoconers and a D.G. Set. Implementation of modernisation project with financial assistance from IDBI and IFCI at Asarwa Mills Ahmedabad is progressing smoothly in accordance with the schedule. 12624 spindles have been replaced with balancing preparatory machines with autoconers and generation of power by installation of 4.1 MW Power Plant is expected to commence from August 1999. To become self reliant and ensure uninterupted power supply the division has set up 1 No. 4.1 MW F.O. base captive power generation plant in August 1999.
OrganisationBengal Tea & Fabrics Ltd
HeadquartersKolkata
IndustryTextiles