CCL Products (India) Limited (IN:CCL)
:CCL
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CCL Products (India) Limited
(CCL)
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Rating:63Neutral
Price Target:
₹1,248.00
▲(34.23% Upside)
Action:ReiteratedDate:11/07/25
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
Strong revenue growth
Sustained high revenue growth indicates durable demand for CCL's soluble coffee products and expanding customer penetration. Over a 2–6 month horizon this supports scale benefits, better capacity utilization and stronger negotiating leverage with suppliers and buyers, aiding margin stability.
Negative Factors
Negative free cash flow
Persistent negative free cash flow limits internal funding for capex, working capital and shareholder returns. Even with improved operating cash conversion, sustained negative FCF forces reliance on external financing or slower investment, constraining strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained high revenue growth indicates durable demand for CCL's soluble coffee products and expanding customer penetration. Over a 2–6 month horizon this supports scale benefits, better capacity utilization and stronger negotiating leverage with suppliers and buyers, aiding margin stability.
Read all positive factors
CCL Products (India) Limited (CCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹157.41B
Dividend Yield0.52%
Average Volume (3M)32.34K
Price to Earnings (P/E)31.3
Beta (1Y)0.33
Revenue Growth35.78%
EPS Growth37.05%
CountryIN
Employees999
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)25.40
Shares Outstanding133,527,920
10 Day Avg. Volume14,170
30 Day Avg. Volume32,337
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)3.81
Price to Sales (P/S)2.42
P/FCF Ratio-58.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,298.00Price Target Upside39.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)38.27
Revenue Forecast (FY)₹46.52B
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 grou...
How the Company Makes Money
CCL primarily makes money by manufacturing and selling soluble (instant) coffee to business customers, with revenue recognized from the sale of finished coffee products. Its key revenue stream is B2B supply, including private-label/contract manufa...
CCL Products (India) Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.77B | 31.06B | 26.54B | 20.71B | 14.62B | 12.42B |
| Gross Profit | 11.93B | 11.34B | 9.44B | 8.41B | 6.47B | 5.64B |
| EBITDA | 6.50B | 5.59B | 4.49B | 4.00B | 3.32B | 3.00B |
| Net Income | 3.38B | 3.10B | 2.50B | 2.84B | 2.04B | 1.82B |
Balance Sheet | ||||||
| Total Assets | 42.88B | 42.41B | 35.36B | 25.97B | 20.70B | 17.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 969.43M | 1.70B | 825.99M | 527.81M | 1.20B |
| Total Debt | 16.28B | 18.15B | 16.22B | 9.20B | 6.55B | 5.59B |
| Total Liabilities | 22.01B | 22.74B | 18.62B | 11.15B | 8.19B | 7.01B |
| Stockholders Equity | 20.87B | 19.67B | 16.74B | 14.82B | 12.51B | 10.87B |
Cash Flow | ||||||
| Free Cash Flow | 5.99B | -1.28B | -4.58B | -1.34B | -891.91M | 162.19M |
| Operating Cash Flow | 6.03B | 2.90B | 553.78M | 1.98B | 1.01B | 1.71B |
| Investing Cash Flow | -29.25M | -4.16B | -5.14B | -3.32B | -1.92B | -1.53B |
| Financing Cash Flow | -3.55B | 530.02M | 5.59B | 1.64B | 87.05M | 636.27M |
CCL Products (India) Limited Technical Analysis
Neutral
929.75
Price Trends
1038.58
Positive
1001.22
Positive
941.34
Positive
Market Momentum
15.48
Positive
50.83
Neutral
30.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CCL, the sentiment is Neutral. The current price of 929.75 is below the 20-day moving average (MA) of 1076.55, below the 50-day MA of 1038.58, and below the 200-day MA of 941.34, indicating a neutral trend. The MACD of 15.48 indicates Positive momentum. The RSI at 50.83 is Neutral, neither overbought nor oversold. The STOCH value of 30.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CCL.
CCL Products (India) Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹86.50B | 13.27 | ― | 0.87% | 9.96% | 48.39% | |
69 Neutral | ₹148.78B | 21.49 | ― | 0.74% | 20.40% | 9.54% | |
66 Neutral | ₹161.83B | -90.62 | ― | 0.28% | 31.45% | -36.34% | |
64 Neutral | ₹171.27B | 75.55 | ― | 0.13% | 10.06% | -9.66% | |
63 Neutral | ₹157.41B | 31.27 | ― | 0.52% | 35.78% | 37.05% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹62.44B | 46.45 | ― | 0.45% | 9.25% | -4.88% |
* Consumer Defensive Sector Average
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CCL Products (India) Limited Corporate Events
CCL Products to Hold Q4 and FY26 Earnings Call on 8 May
May 1, 2026
CCL Products (India) Limited has scheduled a conference call on 8 May 2026 to discuss its audited financial results for the fourth quarter and full year ended 31 March 2026. Senior management, including the managing director, CEO, executive direct...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.