CCL Products (India) Limited (IN:CCL)
:CCL
Want to see IN:CCL full AI Analyst Report?
Top Page
CCL Products (India) Limited
(CCL)
Select Model
Select Model
Rating:70Neutral
Price Target:
₹1,236.00
▲(32.94% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by strong revenue growth and solid profitability with improved 2026 leverage, alongside a constructive technical trend (price above key moving averages and positive MACD). Offsetting these positives are volatile cash conversion (several years of negative free cash flow before 2026’s rebound) and a demanding valuation (P/E ~35.7 with low dividend yield).
Positive Factors
Strong multi-year revenue scaling
Sustained revenue growth over multiple years indicates successful scaling of manufacturing and distribution for its B2B instant-coffee business. Larger scale supports negotiating power with suppliers, higher factory utilization, and a broader customer mix, bolstering durable top-line resilience.
Negative Factors
Volatile cash conversion
Historic swings from years of negative free cash flow to a single-year rebound suggest working-capital and capex sensitivity. Variable cash conversion can constrain reinvestment, dividends, or debt reduction during downturns, making capital allocation and resilience less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue scaling
Sustained revenue growth over multiple years indicates successful scaling of manufacturing and distribution for its B2B instant-coffee business. Larger scale supports negotiating power with suppliers, higher factory utilization, and a broader customer mix, bolstering durable top-line resilience.
Read all positive factors
CCL Products (India) Limited (CCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹143.04B
Dividend Yield0.52%
Average Volume (3M)32.34K
Price to Earnings (P/E)36.8
Beta (1Y)0.34
Revenue Growth43.52%
EPS Growth25.18%
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 Ratio1.43
Price to Book (P/B)5.91
Price to Sales (P/S)3.11
P/FCF Ratio17.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)37.25
Revenue Forecast (FY)₹48.71B
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 producing and selling soluble (instant) coffee as a B2B manufacturer. Its core revenue stream is the sale of spray-dried and freeze-dried instant coffee supplied in bulk or packaged/private-label form to institutional ...
CCL Products (India) Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.77B | 44.57B | 31.06B | 26.54B | 20.71B | 14.62B |
| Gross Profit | 11.93B | 12.09B | 11.34B | 9.44B | 8.41B | 6.47B |
| EBITDA | 6.50B | 7.41B | 5.59B | 4.49B | 4.00B | 3.32B |
| Net Income | 3.38B | 3.88B | 3.10B | 2.50B | 2.84B | 2.04B |
Balance Sheet | ||||||
| Total Assets | 42.88B | 43.26B | 42.41B | 35.36B | 25.97B | 20.70B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 2.19B | 969.43M | 1.70B | 825.99M | 527.81M |
| Total Debt | 16.28B | 13.24B | 18.15B | 16.22B | 9.20B | 6.55B |
| Total Liabilities | 22.01B | 19.82B | 22.74B | 18.62B | 11.15B | 8.19B |
| Stockholders Equity | 20.87B | 23.45B | 19.67B | 16.74B | 14.82B | 12.51B |
Cash Flow | ||||||
| Free Cash Flow | 5.99B | 7.88B | -1.28B | -4.58B | -1.34B | -891.91M |
| Operating Cash Flow | 6.03B | 8.58B | 2.90B | 553.78M | 1.98B | 1.01B |
| Investing Cash Flow | -29.25M | -696.19M | -4.16B | -5.14B | -3.32B | -1.92B |
| Financing Cash Flow | -3.55B | -7.57B | 530.02M | 5.59B | 1.64B | 87.05M |
CCL Products (India) Limited Technical Analysis
Neutral
929.75
Price Trends
1094.95
Negative
1037.30
Positive
977.00
Positive
Market Momentum
-9.17
Positive
43.96
Neutral
15.54
Positive
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 1115.55, below the 50-day MA of 1094.95, and below the 200-day MA of 977.00, indicating a neutral trend. The MACD of -9.17 indicates Positive momentum. The RSI at 43.96 is Neutral, neither overbought nor oversold. The STOCH value of 15.54 is Positive, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹82.54B | 12.74 | ― | 0.87% | 9.01% | 36.14% | |
70 Neutral | ₹143.04B | 36.76 | ― | 0.52% | 43.52% | 25.18% | |
68 Neutral | ₹140.57B | 22.53 | ― | 0.74% | 26.08% | 3.33% | |
63 Neutral | ₹160.11B | 62.13 | ― | 0.13% | 14.19% | 28.49% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹55.53B | 39.65 | ― | 0.45% | 9.06% | -3.67% | |
53 Neutral | ₹153.08B | 77.59 | ― | 0.28% | 46.22% | -43.17% |
* Consumer Defensive Sector Average
IN:CCL
CCL Products (India) Limited
1,071.20
194.05
22.12%
IN:BECTORFOOD
Mrs. Bector's Food Specialities Ltd.
180.90
-108.98
-37.60%
IN:BIKAJI
Bikaji Foods International Ltd.
638.55
-125.19
-16.39%
IN:KRBL
KRBL Limited
360.60
10.86
3.11%
IN:LTFOODS
LT Foods Limited
404.80
-31.82
-7.29%
IN:ZYDUSWELL
Zydus Wellness Limited
481.15
92.77
23.89%
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.