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The United Nilgiri Tea Estates Company Limited (UNITEDTEA) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹2.4B

TU The United Nilgiri Tea Estates Company Limited UNITEDTEA · NSE
Price₹455.65
Fair Value₹386.78
Upside-15.1%
Quality58/100
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Mixed Growth
Highly profitable · 22.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Moderate moat 56/100
Evidence: High Range ₹370.66 – ₹524.92 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price −1.4% over the past month.

A solid business, but screening 15% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ₹370.66 (bear) to ₹524.92 (bull), base ₹386.78. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹581.64 ₹255.88 Fair Value ₹386.78 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹255.88 – ₹581.64 · fair‑value band ₹370.66 – ₹524.92 · the ₹455.65 price screens above the ₹386.78 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

The United Nilgiri Tea Estates Company Limited (UNITEDTEA) currently trades at ₹455.65, while our model-based Fair Value estimate is ₹386.78, implying the stock looks roughly 15.1% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, The United Nilgiri Tea Estates Company Limited generated revenue of ₹655M at a net margin of 22.1%. Revenue declined 13.8% year over year. It earns a return on equity of 9.5%. The balance sheet holds a net cash position of ₹71.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹370.66 (bear case) to ₹524.92 (bull case); at ₹455.65, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 97% fair-value upside, at -15%, UNITEDTEA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹230.92 ₹330.97 ₹468.34 80
Residual Income ₹405.82 ₹441.05 ₹583.05 76
Rev-Margin DCF ₹195.33 ₹298.22 ₹416.74 74
All 26 models by family
DCF Models
FCF DCF ₹227.85 ₹341.53 ₹507.81 38
Owner Earnings ₹480.42 ₹725.98 ₹1,085 31
5Y Revenue Exit ₹195.33 ₹297.04 ₹425.41 39
5Y EBITDA Exit ₹308.17 ₹507.91 ₹741.01 41
5Y P/E Exit ₹480.96 ₹830.83 ₹1,200 38
10Y Revenue Exit ₹200.29 ₹294.58 ₹418.80 36
10Y EBITDA Exit ₹275.70 ₹437.63 ₹654.05 37
10Y P/E Exit ₹383.37 ₹656.68 ₹995.98 35
Earnings-Based
Graham-Dodd ₹298.64 ₹925.81 ₹1,231 54
Lynch FV ₹200.75 ₹286.78 ₹372.81 50
PEG = 1.0 ₹200.75 ₹286.78 ₹372.81 46
EPV ₹235.01 ₹270.51 ₹301.14 59
Dividend Discount
Gordon GGM ₹25.95 ₹51.71 ₹78.31 70
DDM Multi-Stage ₹25.95 ₹42.10 ₹54.59 61
Multiples
P/E Multiple ₹691.70 ₹922.26 ₹1,153 63
P/S Multiple ₹200.19 ₹266.91 ₹333.64 58
P/B Multiple ₹559.94 ₹746.59 ₹933.24 55
EV/EBIT ₹427.27 ₹566.31 ₹705.35 53
EV/EBITDA ₹396.94 ₹525.87 ₹654.80 54
EV/Revenue ₹185.32 ₹260.39 ₹335.46 43
Asset-Based
NCAV (Graham) ₹241.45 ₹323.55 ₹482.91 50
Growth DCF
Growth DCF ₹230.92 ₹330.97 ₹468.34 80
Rev-Margin DCF ₹195.33 ₹298.22 ₹416.74 74
Economic Profit
Residual Income ₹405.82 ₹441.05 ₹583.05 76
ROIC Compounder ₹235.01 ₹270.51 ₹301.14 72
Growth Earnings
Growth-Adj P/E ₹571.15 ₹815.93 ₹1,061 68

Widest divergence: Growth Earnings (₹815.93) versus Dividend Discount (₹42.10). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹655M
Revenue growth (YoY) -13.8%
Net margin 22.1%
Return on equity 9.5%
Free cash flow ₹101M FY2026
P/E ratio 10.4
More key figures
Operating margin 15.5%
EPS (TTM) ₹43.93
EPS growth (YoY) -4.3%
Net cash ₹71.2M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 45

Profitability 49
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

The United Nilgiri Tea Estates Company Limited engages in growing, manufacturing, and selling teas in India. It offers black, special, green, herbal, and gift teas. The company is also involved in letting-out of properties.

Full company description

The United Nilgiri Tea Estates Company Limited engages in growing, manufacturing, and selling teas in India. It offers black, special, green, herbal, and gift teas. The company is also involved in letting-out of properties. It exports its products to Australia, Congo, Canada, Germany, the Netherlands, Denmark, Japan, Finland, the United States, and the United Kingdom. The United Nilgiri Tea Estates Company Limited was incorporated in 1922 and is based in Coimbatore, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The United Nilgiri Tea Estates Company Limited reported revenue of ₹834M in FY2026 versus ₹749M in FY2022, a compound +2.7%/yr. Reported net income was ₹219M in FY2026, compounding +20.8%/yr from FY2022.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹834M
Latest YoY
−16.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.1%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.0%
Revenue +2.7%/yr
FY22 ₹749M
FY23 ₹829M
FY24 ₹840M
FY25 ₹993M
FY26 ₹834M
Net income +20.8%/yr
FY22 ₹103M
FY23 ₹121M
FY24 ₹161M
FY25 ₹185M
FY26 ₹219M
Character of growth · EPS growth decomposed (2015-2026) +8.3 % p.a.
Revenue per share +5.7 pp

of which total revenue +5.7 pp · buybacks/dilution +0.0 pp

EBIT margin +6.5 pp
Tax rate +1.1 pp
Residual (interest, one-offs) −5.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

UNITEDTEA screens 15% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "The United Nilgiri Tea Estates Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/UNITEDTEA

Peer Group

Farm Products · 297 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −15% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/B 1.00× · Pricier than median
P/S (TTM) 3.69× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 18.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 13 · sector 26
FUTURE 0 · sector 22
PAST 38 · sector 18
HEALTH 100 · sector 95
DIVIDEND 12 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Charoen Pokphand Foods Public Company CPF 21.90 THB 43.24 THB +97%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,150 IDR 6,818 IDR +116%
PT Triputra Agro Persada Tbk TAPG 1,805 IDR 3,087 IDR +71%
PT FAP Agri Tbk FAPA 7,350 IDR 6,420 IDR -13%
PT Japfa Comfeed Indonesia Tbk JPFA 2,260 IDR 6,974 IDR +209%
PT Jhonlin Agro Raya Tbk JARR 1,890 IDR 610.80 IDR -68%
PT Nusantara Sawit Sejahtera Tbk NSSS 860.00 IDR 402.24 IDR -53%
PT Sinar Mas Agro Resources and Technology Tbk SMAR 5,625 IDR 16,227 IDR +188%
PT Dharma Satya Nusantara Tbk DSNG 1,320 IDR 2,696 IDR +104%

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Frequently asked questions

Is The United Nilgiri Tea Estates Company Limited (UNITEDTEA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹386.78 versus a price of ₹455.65, about −15% (overvalued).
What is the fair value of UNITEDTEA?
Our model-based fair value for The United Nilgiri Tea Estates Company Limited is ₹386.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹455.65.
What is the quality score of UNITEDTEA?
The United Nilgiri Tea Estates Company Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The United Nilgiri Tea Estates Company Limited (UNITEDTEA)?
The United Nilgiri Tea Estates Company Limited reported trailing-twelve-month revenue of about ₹655M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of UNITEDTEA?
The net profit margin of The United Nilgiri Tea Estates Company Limited is about 22.1%, meaning it keeps roughly 22.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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