Jay Shree Tea & Industries Ltd (JAYSREETEA)

Fast Moving Consumer Goods · Plantation & Plantation Products · NSE · Updated 29 September 2026

By StockFin Research TeamAI-Assisted AnalysisSource: BSE/NSE Filings

₹86.77↓ 8.28% (1Y)

🎯 Key Takeaways

Jayshree Tea & Industries Ltd is in a financial distress phase, marked by persistent losses, negative ROE, and declining operational performance. Despite promoter accumulation signaling confidence, the company operates in a capital-intensive plantation sector with weak profitability and declining margins.
Revenue grew 16% QoQ to ₹206 in Q1FY27.
⚠️ Persistent losses and negative margins in core plantation operations with no visible turnaround plan.

Market Cap: ₹251
P/B Ratio: 0.63
ROE: -5.6%
ROCE: 1.7%
Debt/Equity: 1.03
Promoter: 50.7%

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📖 The Story

Jayshree Tea & Industries Ltd is in a financial distress phase, marked by persistent losses, negative ROE, and declining operational performance. Despite promoter accumulation signaling confidence, the company operates in a capital-intensive plantation sector with weak profitability and declining margins. The business appears to be in a turnaround attempt but lacks clear signs of recovery, with financial health under strain.

📰 What's Happening

The promoter, Mrs. Jayashree Mohta, has significantly increased her stake from 3.83% to 8.20% over two filings in August 2026, acquiring over 1.26 million shares via open market purchases on both BSE and NSE. This move, disclosed under SEBI's Form C, reflects strong insider confidence despite weak financial results. The Board approved unaudited Q1 FY2026 results showing a sharp revenue decline to ₹206 crore and a marginal operational profit of ₹-0 crore, indicating near-break-even operations. The AGM ratified the FY2025-26 audited financials and reappointed directors, ensuring governance continuity but offering no strategic clarity on future growth.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	190	267	295	178	206
Operating Profit	-6	28	6	-32	-0
OPM %	-3.2%	10.5%	2.1%	-18.0%	-0.1%
Net Profit	-9	20	-2	-34	-6
EPS	₹-3.11	₹6.78	₹-0.52	₹-11.83	₹-2.06

The company's financial trajectory shows a clear deterioration in profitability, with quarterly revenue declining from ₹295 crore in December 2025 to ₹178 crore in March 2026, accompanied by widening operational losses. Margins have collapsed from 10.5% in September 2025 to -18% in March 2026, reflecting pricing pressure or volume declines in the plantation segment. Despite seasonal fluctuations, the consistent underperformance across quarters suggests structural challenges in the core tea and agri-business operations, with no visible corrective measures disclosed by management.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue recovery, margin improvement, or cost optimization strategies in the latest filings. The Board-approved results carry a qualified audit opinion due to unprovisioned tax liabilities, highlighting accounting and compliance risks. There is no indication of new product launches, capacity expansions, or market diversification plans in the recent disclosures, leaving future performance dependent on external factors like commodity prices and monsoon conditions.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	14	14	14	14
Reserves	405	301	382	415
Borrowings	325	326	407	311
Total Liabilities	990	996	956	963
Fixed Assets	445	442	464	446
Investments	22	29	17	21
Total Assets	990	996	956	963

The balance sheet reveals a highly leveraged structure with total borrowings of ₹407 crore as of March 2026, slightly down from ₹415 crore in the prior quarter but still substantial relative to equity of ₹14 crore. Despite asset stability near ₹956 crore, the company relies heavily on debt to finance operations, with no meaningful deleveraging or capital reduction initiatives. Reserves have marginally increased, but this is offset by persistent losses eroding equity, raising concerns about long-term solvency and financial flexibility.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2026
Operating	-46
Investing	-14
Financing	+54
Net Cash Flow	-6

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	50.7%	50.7%	50.7%	50.7%
FII	4.9%	4.8%	4.9%	4.8%
DII	0.5%	0.5%	0.5%	0.5%
Public	37.1%	37.0%	36.9%	36.9%
# Shareholders	25,270	25,155	24,494	23,872

Institutional holding remains low, with FII ownership flat at 4.85–4.88% over the past four quarters, while DII holds a minimal 0.51% stake. The shareholder base is highly dispersed, with over 23,000 public shareholders, indicating retail dominance. Promoter holding remains stable at 50.68%, but the recent aggressive accumulation by the promoter stands out as a rare signal of confidence amid widespread institutional apathy. No significant foreign or domestic institutional accumulation has been observed recently.

⚖️ Peer Comparison — Plantation & Plantation Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
CCL	13,767	31.8	16.4%	—	0.92
PIXTRANS	2,350	17.8	24.8%	—	0.03
TINNARUBR	1,705	27.2	30.3%	—	0.75
GRPLTD	1,034	182.4	7.4%	—	1.16
523888	589	52.8	-301224.5%	—	-1.00
INTLCONV	510	3.7	40.2%	—	0.24
GOODRICKE	487	7.7	21.3%	—	0.04
MCLEODRUSS	456	—	-14.2%	—	-29.62
RUBFILA	338	12.8	12.3%	—	0.00
HARRMALAYA	310	11.4	13.8%	—	0.60

🔗 Peer Stock Analyses

CCL PIXTRANS TINNARUBR GRPLTD 523888

⚠️ Risk Factors

1. Persistent losses and negative margins in core plantation operations with no visible turnaround plan. 2. Qualified audit opinion due to unprovisioned tax liabilities, indicating potential regulatory or compliance risks. 3. High leverage (D/E of 1.03) with limited equity cushion, making the company vulnerable to interest rate or cash flow shocks. 4. Heavy reliance on seasonal agricultural cycles and commodity price volatility, with no diversification into higher-margin products disclosed.

📋 Recent Filings

🧠 Analyst's Read

The company is navigating a fragile financial position with limited operational momentum, despite promoter confidence shown through recent stake increases. Investors should monitor quarterly margin trends and any future disclosures on cost restructuring or revenue diversification. The lack of institutional interest and weak profitability suggest the stock remains speculative, with upside contingent on operational recovery that has yet to materialize.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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