CCL Products (I) Ltd.
NSE: CCLCCL Products (I) Ltd.: A 30-second snapshot
CCL Products (India) trades at ₹1,116.3, up 56.4% over the past 12 months and sitting 15.1% above its 200-day moving average of ₹969.8. The company reported Q4 FY26 consolidated net sales of ₹1,224 crore — up 46.5% year-on-year — and management guided 15% growth for the coming year. At a trailing PE of 38.3 and forward PE of 23.7, the valuation premium reflects recent earnings acceleration, though FCF generation and balance sheet leverage remain points of scrutiny.
P/E
38.3
Forward P/E
23.7
ROE
+18.0%
Debt / Equity
56.49
Profit Margin
+8.7%
Div. Yield
+0.7%
5Y ROE > 15%
3/5
5Y FCF > 0
1/5
Quality
62/100
News
8 headlines · 6 positive · 0 negative
CCL Products (India)'s (NSE:CCL) Earnings Offer More Than Meets The Eye - simplywall.st
simplywall.st
CCL Products Q4 FY26 Results: Transcript Out, Management Guides 15% Growth - scanx.trade
scanx.trade
Buy CCL Products India; target of Rs 1365: Choice Institutional Equities - Moneycontrol.com
Moneycontrol.com
Revenue Beat: CCL Products (India) Limited Exceeded Revenue Forecasts By 7.0% And Analysts Are Updating Their Estimates - simplywall.st
simplywall.st
CCL Products Consolidated March 2026 Net Sales at Rs 1,224.44 crore, up 46.49% Y-o-Y - Moneycontrol.com
Moneycontrol.com
Recent context
- ·Q4 FY26 results (May 2026): consolidated net sales of ₹1,224 crore (+46.5% YoY) beat estimates by 7%; management guided 15% growth for FY27, per the earnings call transcript.
- ·Choice Institutional Equities retained a stated price objective of ₹1,365 with a constructive stance post-results; Simply Wall St noted earnings quality beyond headline figures in a concurrent commentary.
- ·RSI stands at 50.3 (neutral zone); nearest technical support levels are ₹1,047.6 and ₹1,024.3, while resistance sits at ₹1,183.1 and ₹1,217.5.
Strengths
- +Revenue grew 46.4% over five years, with Q4 FY26 net sales of ₹1,224 crore beating forecasts by 7%, suggesting durable top-line momentum in the value-added instant coffee export segment.
- +Forward PE of 23.7 represents a meaningful compression from the trailing PE of 38.3, implying analyst consensus embeds significant near-term earnings growth.
- +Price is 15.1% above the 200-DMA (₹969.8) and 2.5% above the 50-DMA (₹1,088.7), with drawdown from the 52-week high at a contained -8.3%, reflecting broad-based price strength.
- +Mean analyst rating of 1.92 across 12 analysts (1–5 scale, lower = more constructive) suggests the sell-side coverage base leans toward the constructive end of the scale.
Weaknesses
- −Debt-to-equity of 56.5 is elevated relative to FMCG peers; the debt trend is classified as rising, and FMCG-sector counterparts such as Hindustan Unilever carry negligible leverage by comparison.
- −FCF was positive in only 1 of the tracked persistence years, meaning 5-year revenue growth of 46.4% has not reliably converted into free cash flow — a structural gap in earnings quality.
- −Quality score of 46 and consistency score of 49 rank 4th of 6 within the FMCG peer group; both Nestle (61) and Hindustan Unilever (58) score materially higher on the same metrics.
- −ROE of 18% has exceeded 15% in only 3 of the tracked persistence years, indicating the current return profile may not yet be structurally established.
Open questions
- ?Does the 5-year revenue CAGR of ~40% reflect a structurally expanding market for value-added instant coffee exports, or is it partly a function of capacity addition that may decelerate once utilisation plateaus?
- ?Given that FCF was positive in only 1 of the tracked years despite strong revenue growth, what has been absorbing operating cash — working capital, capex cycles, or debt servicing — and is that dynamic changing?
- ?At a D/E of 56.5 with a rising debt trend, how sensitive is CCL's earnings trajectory to interest rate movements or a demand slowdown in key export markets?
- ?How does CCL's quality score of 46 and consistency score of 49 compare to its own 3-5 year history, and does the recent earnings acceleration represent a step-change or a reversal of past volatility?
Peer comparison: FMCG
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| CCL | CCL Products (I) Ltd.You're viewing | 38.3 | +18.0% | 46 |
| Industry avg | across 5 peers | 55.7 | +39.5% | 52 |
| NESTLEIND | Nestle India Ltd. | 78.7 | +76.3% | 61 |
| HINDUNILVR | Hindustan Unilever Ltd. | 50.2 | +21.6% | 58 |
| BRITANNIA | Britannia Industries Ltd. | 51.3 | +53.3% | 50 |
| TATACONSUM | Tata Consumer Products Ltd. | 79.4 | +6.9% | 45 |
| ITC | ITC Ltd. | 19.0 | — | 44 |
Technical state
Current price
₹1,116.30
SMA 50
₹1,088.70
SMA 200
₹969.84
RSI (14)
50.3 (neutral)
From 52w high
-8.3%
1Y return
+56.4%
3M return
+10.1%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumDebt-to-equity of 56.5 is elevated relative to FMCG sector norms, where peers such as Hindustan Unilever and Britannia carry minimal leverage; the debt trend is classified as rising, indicating continued leverage build-up.
- mediumFCF was positive in only 1 of the available persistence years, meaning revenue growth of 46.4% over 5 years has not consistently translated into free cash flow generation.
- mediumQuality score of 46 and consistency score of 49 place CCL near the lower tier among FMCG peers; ranked 4th of 6 on both quality score and ROE within the sector group.
- lowROE of 18% has been above 15% in only 3 of the persistence years tracked, suggesting the current return level may not be structurally entrenched.
Cross-section contradictions
- 5-year revenue growth of 46.4% is the strongest in the peer set context, yet FCF was positive in only 1 of the tracked years — earnings growth has not consistently converted to cash.
- Stock is up 56.4% over 12 months and trades above both 50-DMA (₹1,088.7) and 200-DMA (₹969.8), while quality score (46) and consistency score (49) rank near the bottom of the 6-peer FMCG group.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days