Elstone Tea Estates Limited
About Elstone Tea Estates Limited
Data last updated:
Elstone Tea Estates Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 23 March 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01131KA1978PLC003297. Its GSTIN is 33AAACE3141K1Z0 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹23.13 Lakh. It is led by directors including Kunhibi Layinchirapurakal Saithumada (Managing Director) and Ahamed Nizar Moideen Kunhi Kunhimahin.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 9 Mission Road Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.01 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹52.4 Lakh (net margin -26%) and EBITDA of -₹45.69 Lakh (EBITDA margin -22.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 256 employees on its provident fund (EPFO) records.
Court records list 57 cases involving the company, including 47 filed by the company and 10 filed against it; 15 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Elstone Tea Estates has one previous CIN (Corporate Identification Number): U85110KA1978PLC003297. The current CIN is U01131KA1978PLC003297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01131KA1978PLC003297 | Current |
| U85110KA1978PLC003297 | Previous |
Contact details
Elstone Tea Estates Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 9 Mission Road Bangalore, Karnataka, India – 560027
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Elstone Tea Estates Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Elstone Tea Estates is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Elstone Tea Estates Limited, buy the company report.
Financials of Elstone Tea Estates Limited
FY 2024 filings availableElstone Tea Estates Limited reported revenue of ₹2.01 Cr (down 42% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 42% fall in the latest year. EBITDA fell 115% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.01 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹45.69 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹52.4 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -22.7% | |||
| Net Profit Margin | -26% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Elstone Tea Estates Limited, buy the company report.
Board of directors of Elstone Tea Estates Limited
Elstone Tea Estates has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ahamed Nizar Moideen Kunhi Kunhimahin | Director | 03 Apr 2004 | 22 Years 6 Months | Current |
| Kunhibi Layinchirapurakal Saithumada | Managing Director | 09 May 2014 | 12 Years 5 Months | Current |
| Mohammed Shereef Moideen Kunhi Kunhimahin Also directs: Padoor International Business LLP, Chandragiri Initiatives LLP, Vintage Hotels Private Limited and 5 more | Director | 03 Apr 2004 | 22 Years 6 Months | Current |
| Kunhimahin Moidheenkunhi Also directs: Vintage Hotels Private Limited, Padhoor Plantations Private Limited, Chandragiri Construction Company Private Limited and 1 more | Director | 03 Apr 2004 | 22 Years 6 Months | Current |
Peer comparison
Elstone Tea Estates Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (support activities to agriculture and other activities including hunting), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lokadnya Farmers Producer Company Limited | ₹2.02 Cr (FY 2025) | 28.0% | Kopergaon, Maharashtra, India | |||
| Elstone Tea Estates Limitedthis company | ₹2.01 Cr (FY 2018) | -₹52.4 Lakh | -26% | -42.0% | Bangalore, Karnataka, India | |
| Suman Sindhu Farmer Producer Company Limited | ₹2.01 Cr (FY 2024) | -53.0% | Nashij, Maharashtra, India | |||
| Aakash Agri Solutions Private Limited | ₹2.01 Cr (FY 2025) | 28.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Elstone Tea Estates Limited, buy the company report.
Auditor
Elstone Tea Estates Limited is audited by WARRIER AND WARRIER for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WARRIER AND WARRIER | FY 2018 | 6390 |
Shareholding
The shareholding of Elstone Tea Estates Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Elstone Tea Estates Limited, buy the company report.
Legal cases
Elstone Tea Estates Limited has 57 court cases on record: 47 filed by Elstone Tea Estates, 10 filed against it. 15 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 3 | 8 |
| District courts | 20 | 7 | 7 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed by the company against State of Kerala and 12 others | Disposed |
| District court, Wayanad, Kerala | Court case (LAR) | Filed by the company against M/S. Padhoor Plantations, Pvt. Ltd.,Having Office at Kalpetta and 1 other | Pending |
| High Court of Kerala | Writ petition | Filed against the company | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Indian Bank, | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Indian Bank | Pending |
To see the full case history of Elstone Tea Estates Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elstone Tea Estates Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elstone Tea Estates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACE3141K1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elstone Tea Estates Limited, buy the company report.
Recent activity
Elstone Tea Estates Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Kunhibi Layinchirapurakal Saithumada was appointed as Managing Director on 09 May 2014.
Frequently asked questions
Elstone Tea Estates is an active public limited company based in Bangalore, Karnataka, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 23 March 1978 (48+ years old) and is registered under CIN U01131KA1978PLC003297.
Elstone Tea Estates has 4 current directors:
- Kunhibi Layinchirapurakal Saithumada - Managing Director
- Ahamed Nizar Moideen Kunhi Kunhimahin - Director
- Mohammed Shereef Moideen Kunhi Kunhimahin - Director
- Kunhimahin Moidheenkunhi - Director
The latest financial statements of Elstone Tea Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Elstone Tea Estates is 33AAACE3141K1Z0, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Elstone Tea Estates is U01131KA1978PLC003297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elstone Tea Estates has 57 court cases on record: 47 filed by the company and 10 filed against it. 15 are pending. Most are in the high courts.
Elstone Tea Estates was incorporated on 23 March 1978, making it 48+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Elstone Tea Estates by revenue are Lokadnya Farmers Producer Company Limited, Suman Sindhu Farmer Producer Company Limited, Aakash Agri Solutions Private Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (support activities to agriculture and other activities including hunting).
Kunhibi Layinchirapurakal Saithumada was appointed as Managing Director on 09 May 2014. Kunhimahin Haji Thekkil Bangad ceased to be Managing Director on 03 Dec 2013. Ahamed Nizar Moideen Kunhi Kunhimahin was appointed as Director on 03 Apr 2004. Elstone Tea Estates has 5 board changes on record in total.
The registered office of Elstone Tea Estates is at No 9 Mission Road Bangalore, Karnataka, India – 560027.
Elstone Tea Estates operates in the agriculture industry, in the agro retail and distribution segment.