CCL Products (India) Limited (CCL) AI Stock Analysis

• Market Cap: ₹125.76B
• Dividend Yield: 0.52%
• Average Volume (3M): 32.34K
• Price to Earnings (P/E): 37.1
• Beta (1Y): 0.43
• Revenue Growth: 30.11%
• EPS Growth: 23.22%
• Country: IN
• Employees: 999
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 7.60
• Shares Outstanding: 133,527,920
• 10 Day Avg. Volume: 14,170
• 30 Day Avg. Volume: 32,337
• PEG Ratio: 1.01
• Price to Book (P/B): 3.81
• Price to Sales (P/S): 2.41
• P/FCF Ratio: -58.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹1,035.00 ▲(11.32% Upside)

CCL Products has strong financial performance with robust growth and profitability, but faces risks from increased leverage and negative cash flow. Technical indicators show bullish momentum, but potential overbought conditions. The high P/E ratio suggests overvaluation, and the low dividend yield offers limited income potential.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand and market expansion, supporting long-term business viability and competitive positioning.

Market Position

As a leading player in the instant coffee market, CCL benefits from established brand recognition and a broad customer base, enhancing its competitive edge.

Profitability

Consistent improvement in profit margins reflects operational efficiency and effective cost management, supporting sustainable profitability.

Negative Factors

Leverage

Higher leverage increases financial risk, potentially limiting flexibility and increasing vulnerability to economic downturns.

Free Cash Flow

Negative free cash flow suggests liquidity challenges, which could impact the company's ability to invest in growth and manage debt.

Revenue Volatility

Revenue volatility may indicate market instability or competitive pressures, potentially affecting long-term growth consistency.

CCL Products (India) Limited Business Overview & Revenue Model

Company Description

CCL Products (India) Limited manufactures, trades in, and sells instant coffee and coffee related products in India. It offers spray dried coffee powder and agglomerated coffee, freeze dried coffee, freeze concentrate liquid coffee, roast and ground coffee, roasted coffee beans, and premix coffee. The company provides its products in various packs, such as jars, cans, pouches/sachets, big bags, bulk boxes, and drums under the Xtra, Speciale, Freeze Dried, Malgudi, and THIS brands. It also exports its products. The company was incorporated in 1961 and is based in Hyderabad, India.

How the Company Makes Money

CCL Products generates revenue primarily through the sale of instant coffee products, with key revenue streams including exports to international markets and sales to domestic clients. The company has established significant partnerships with various food and beverage companies, which helps expand its market reach and diversify its customer base. Additionally, CCL invests in research and development to innovate new coffee products and improve production processes, thereby enhancing efficiency and profitability. The company's strong brand reputation and focus on quality also contribute to customer loyalty and repeat business.

CCL Products (India) Limited Financial Statement Overview

Summary

CCL Products shows strong revenue and profit growth with improving margins. However, increased leverage and negative free cash flow pose financial risks that need careful management.

Income Statement

CCL Products has demonstrated strong revenue growth with a notable increase from 2024 to 2025. The gross profit margin has consistently improved, and the net profit margin has also shown positive trends, reflecting enhanced operational efficiency. The EBIT and EBITDA margins indicate strong profitability. However, fluctuations in revenue growth rates over the years suggest potential volatility in sales performance.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio, suggesting manageable leverage. However, the increasing total debt over the years raises some concerns about financial risk. Return on equity is healthy, indicating efficient use of shareholder funds. The equity ratio remains stable, reflecting a solid asset base relative to liabilities.

Cash Flow

CCL's cash flow situation shows challenges, with free cash flow remaining negative despite improvements in operating cash flow in 2025. The operating cash flow to net income ratio is improving, indicating better cash generation relative to net income. However, the negative free cash flow highlights potential liquidity issues and the need for improved cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.92B	31.14B	26.54B	20.71B	14.62B	12.42B
Gross Profit	12.53B	12.72B	4.95B	9.42B	6.47B	3.74B
EBITDA	5.91B	5.64B	4.49B	4.03B	3.35B	3.01B
Net Income	3.11B	3.10B	2.50B	2.84B	2.04B	1.82B
Balance Sheet
Total Assets	0.00	42.41B	35.36B	25.97B	20.70B	17.88B
Cash, Cash Equivalents and Short-Term Investments	969.43M	969.43M	1.70B	825.99M	527.81M	1.20B
Total Debt	0.00	18.15B	16.22B	9.20B	6.55B	5.59B
Total Liabilities	-19.67B	22.74B	18.62B	11.15B	8.19B	7.01B
Stockholders Equity	19.67B	19.67B	16.74B	14.82B	12.51B	10.87B
Cash Flow
Free Cash Flow	0.00	-1.28B	-4.58B	-1.34B	-891.91M	162.19M
Operating Cash Flow	0.00	2.90B	553.78M	1.98B	1.01B	1.71B
Investing Cash Flow	0.00	-4.16B	-5.14B	-3.32B	-1.92B	-1.53B
Financing Cash Flow	0.00	530.02M	5.59B	1.64B	87.05M	636.27M

CCL Products (India) Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 929.75
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CCL, the sentiment is Positive. The current price of 929.75 is below the 20-day moving average (MA) of 955.86, below the 50-day MA of 974.31, and above the 200-day MA of 846.38, indicating a neutral trend. The MACD of -12.31 indicates Positive momentum. The RSI at 47.39 is Neutral, neither overbought nor oversold. The STOCH value of 47.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CCL.

CCL Products (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTFOODS	71 Outperform	₹127.18B	19.99	―	0.74%	18.77%	5.76%
KRBL	68 Neutral	₹83.40B	13.68	―	0.87%	19.04%	39.43%
BECTORFOOD	66 Neutral	₹70.82B	51.95	―	0.45%	10.82%	-8.21%
ZYDUSWELL	66 Neutral	₹141.63B	55.89	―	0.28%	14.55%	-20.61%
BIKAJI	64 Neutral	₹175.87B	82.63	―	0.13%	11.04%	-26.83%
CCL	63 Neutral	₹125.76B	37.14	―	0.52%	30.11%	23.22%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%