Key Metrics of Gujarat Tea Processors & Packers Ltd
About Gujarat Tea Processors & Packers Ltd
Sectors
Company details
- Website
- waghbakritea.com
Operational Areas of Gujarat Tea Processors & Packers Ltd
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 31 Aug 2026 | ICRA | Reaffirmed | AA+ | A1+ | Stable | ₹1,350 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Established player in packet tea segment with a strong presence in Gujarat
GTPPL remains the third-largest packet tea company in the country in volume terms.
+ Demonstrated ability to sustain contribution levels amid increasing raw material costs
GTPPL sources bulk tea, its primary raw material, through a balanced procurement mix of auction purchases and private sales, with each accounting for around 50% of the total procurement.
+ Consistent volume and realisation growth of flagship Wagh Bakri brand
GTPPL registered a healthy ~7% in its operating income in FY2026, driven by around 6% volume growth and 1% marginal increase in realisation.
+ Steady market demand for domestic packet tea
India’s packet tea industry continues to enjoy steady and resilient demand, driven by tea’s deep cultural significance and widespread daily consumption.
Credit challenges
− Vulnerability of profit margins to fluctuations in bulk tea prices
Bulk tea availability is influenced by agro-climatic conditions in both the domestic and international markets, resulting in significant fluctuations in bulk tea prices.
− Intense competition limits pricing flexibility
The company faces intense competition from other established brands, such as Tata Tea, Brooke Bond Red Label, Brooke Bond Taj Mahal and Society in the domestic market.
Could lead to an upgrade
The ratings may be upgraded if the company is able to significantly increase its scale of operations and profitability on a sustained basis, along with achieving geographical and product diversification and improvement in the coverage and
Could lead to a downgrade
The ratings may be downgraded if there is a sustained deterioration in the profitability and cash accruals, which adversely impacts the leverage and coverage metrics and/or the
Agency-reported financials (ICRA, 31 Aug 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹2,291 Cr | ₹2,459 Cr |
| PAT | ₹151 Cr | ₹179 Cr |
| OPBDITA/OI | 10.1% | 11.5% |
| PAT/OI | 6.6% | 7.3% |
| Total outside liabilities/Tangible net worth (times) | 0.70× | 0.50× |
| Total debt/OPBDIT (times) | 2.40× | 1.40× |
| Interest coverage (times) | 4.30× | 6.30× |
| Revenue growth (YoY) | — | 7.3% |
| EBITDA (margin × income) | ₹231 Cr | ₹283 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹555 Cr | ₹396 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹53.82 Cr | ₹44.89 Cr |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long term Fund based Others | Working capital & bank lines | ₹47.0 Cr | ₹47.0 Cr | 0.0% | AA+ (Stable) | Reaffirmed | ICRA |
| Long term Fund based Term loan | Term loans | ₹99.0 Cr | ₹99.0 Cr | 0.0% | AA+ (Stable) | Reaffirmed | ICRA |
| Long term/Short term – Unallocated | Working capital & bank lines | ₹151 Cr | ₹151 Cr | 0.0% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
| Long term Fund based Others | Working capital & bank lines | ₹350 Cr | ₹350 Cr | 0.0% | AA+ (Stable) | Reaffirmed | ICRA |
| Short term Fund based Others | Working capital & bank lines | ₹600 Cr | ₹600 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Letter of credit | Non-fund based limits | ₹2.50 Cr | ₹2.50 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Others | Other | ₹50.0 L | ₹50.0 L | 0.0% | A1+ | Reaffirmed | ICRA |
| Commercial paper | Commercial paper | ₹100 Cr | ₹100 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | based Term FY FY | Working capital & bank lines | — | 31 Mar 2025 | 31 Mar 2032 | ₹99.0 Cr | AA+ | Outstanding |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 62% |
| Information on file | 44% · missing: Annual results history (3+ years), Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 64% chance the next rating action is stable or better
- Current rating AA+ (investment grade)
- Interest coverage 6.3×
- Working-capital limits 76% utilised on average
- ₹151 cr of rated limits not yet tied to a lender
Rated limits by facility
Timeline
From the report
Also, the liquidity remained healthy , supported by cash and liquid investment balance of Rs 564.2 crore and sufficient undrawn working capital limits as on March 31, 2026.
From the report
Liquidity position: Adequate The company maintains a comfortable liquidity profile, supported by healthy cash flow from operations amounting to Rs. 275.9 crore in FY2026 on a provisional basis.
From the report
The average utilisation of the working capital limits remained moderate at 76% of the drawing power over the 12 months ended May 30, 2026.
From the report
It also maintained a free cash and liquid balance of Rs. 13.77 crore and fixed deposits of Rs. 258.46 crore.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Gujarat Tea Processors & Packers Ltd
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Patanjali Foods |
Dal & Pulses · Food & Beverages | patanjalifoods.com | — | Mumbai, India |
 Swiggy |
E-commerce · Food Delivery | swiggy.com | 2014 | Bangalore, India |
 Tata Consumer Products |
Dal & Pulses · Food & Beverages | tataconsumer.com | 1962 | Kolkata, India |
| Biscuits & Bakery · Food & Beverages | britannia.co.in | 1892 | Kolkata, India | |
 Heritage Foods |
Dairy, Ghee & Milk Products · Food & Beverages | heritagefoods.in | 1992 | Hyderabad, India |
| Hindustan Foods Limited | · Manufacturing (Food stuffs) | — | — | Mumbai, Maharashtra, India |
 Zydus Wellness |
Packaged Foods & Confectionery · Food & Beverages | zyduswellness.com | — | Ahmedabad, India |
| Dhampur Bio Organics Limited | · Manufacturing (Food stuffs) | — | — | Moradabad, Uttar Pradesh, India |
| Packaged Foods & Confectionery · Food & Beverages | sapphirefoods.in | — | Panchkula, Haryana, India | |
| Packaged Foods & Confectionery · Food & Beverages | mcleodrussel.com | 1869 | Kolkata, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
food service
Filings
No filings on record yet.