# Tea — company-by-company sector analysis > Tea: Mcleod Russel India Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line Tea has outperformed NIFTY 500 by 23.1% over 52 weeks and 29.1% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Mcleod Russel India Ltd leads with revenue of ₹1,199 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Tea has outperformed NIFTY 500 by 23.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 29.1%. 0 of 1 covered company currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Mcleod Russel India Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: -29% 52-week sector return versus NIFTY 500: 23% Stocks leading NIFTY: 0/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹483 Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Mcleod Russel India Ltd (MCLEODRUSS): 35/100 — Adverse evidence; evidence 76% - Growth & earnings 11.8/35 | Capital efficiency 4.0/25 | Valuation 11.6/20 | Relative strength 7.5/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 11.8 + 4 + 11.6 + 7.5 = 34.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action Mcleod Russel India Ltd has the strongest one-year price move in Tea at +30.4%. It also leads on Mansfield relative strength against NIFTY at -8.9%. 0 of 1 covered company are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Mcleod Russel India Ltd (MCLEODRUSS): 30% ### Strongest relative strength versus NIFTY 500 1. Mcleod Russel India Ltd (MCLEODRUSS): -8.9% ## Revenue Scale & Growth Durability What the numbers say: Mcleod Russel India Ltd is the scale leader at ₹1,199 crore, Mcleod Russel India Ltd's growth is -0.5% from a ₹1,199 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Mcleod Russel India Ltd is the scale benchmark; Mcleod Russel India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Mcleod Russel India Ltd's growth falls below Mcleod Russel India Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Mcleod Russel India Ltd · ₹1,199 crore | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 15 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Mcleod Russel India Ltd (MCLEODRUSS): ₹1.2K Cr ### Revenue growth — fastest growers 1. Mcleod Russel India Ltd (MCLEODRUSS): -0.5% ### 20-quarter Revenue history - MCLEODRUSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹489 Cr | Mar 2023 ₹226 Cr | Jun 2023 ₹226 Cr | Sep 2023 ₹366 Cr | Dec 2023 ₹349 Cr | Mar 2024 ₹195 Cr | Jun 2024 ₹197 Cr | Sep 2024 ₹453 Cr | Dec 2024 ₹371 Cr | Mar 2025 ₹165 Cr | Jun 2025 ₹216 Cr | Sep 2025 ₹363 Cr | Dec 2025 ₹445 Cr | Mar 2026 ₹130 Cr | Jun 2026 ₹261 Cr ### 20-quarter Revenue growth history - MCLEODRUSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -29% | Mar 2024 -14% | Jun 2024 -13% | Sep 2024 24% | Dec 2024 6.3% | Mar 2025 -15% | Jun 2025 9.6% | Sep 2025 -20% | Dec 2025 20% | Mar 2026 -21% | Jun 2026 21% ## Operating Economics & Margin Trend What the numbers say: Mcleod Russel India Ltd leads both opm at 11% and margin change at +7.7 percentage points. Investor read: Mcleod Russel India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Mcleod Russel India Ltd · 11% | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Mcleod Russel India Ltd (MCLEODRUSS): 11% ### Margin change — fastest expanders 1. Mcleod Russel India Ltd (MCLEODRUSS): +7.7 pp ### 20-quarter OPM history - MCLEODRUSS: Sep 2021 37% | Dec 2021 2.8% | Mar 2022 -46% | Jun 2022 2.5% | Sep 2022 51% | Dec 2022 -6.0% | Mar 2023 -44% | Jun 2023 -2.0% | Sep 2023 34% | Dec 2023 -12% | Mar 2024 -96% | Jun 2024 6.0% | Sep 2024 35% | Dec 2024 -7.0% | Mar 2025 -76% | Jun 2025 3.3% | Sep 2025 27% | Dec 2025 1.7% | Mar 2026 -107% | Jun 2026 11% ### 20-quarter Margin change history - MCLEODRUSS: Sep 2021 −12.4 pp | Dec 2021 −14.3 pp | Mar 2022 −10.7 pp | Jun 2022 +6.2 pp | Sep 2022 +14.3 pp | Dec 2022 −8.8 pp | Mar 2023 +1.5 pp | Jun 2023 −4.5 pp | Sep 2023 −17.0 pp | Dec 2023 −6.0 pp | Mar 2024 −52.0 pp | Jun 2024 +8.0 pp | Sep 2024 +1.0 pp | Dec 2024 +5.0 pp | Mar 2025 +20.0 pp | Jun 2025 −2.7 pp | Sep 2025 −8.0 pp | Dec 2025 +8.7 pp | Mar 2026 −31.0 pp | Jun 2026 +7.7 pp ## Profit Scale & Acceleration What the numbers say: Mcleod Russel India Ltd leads net profit at ₹93 crore net cash; the second comparison lacks enough current evidence. Investor read: Mcleod Russel India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Mcleod Russel India Ltd · ₹93 crore net cash | Not enough peers | 1/2 recent comparable periods | 1/1 companies · 15 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Mcleod Russel India Ltd (MCLEODRUSS): ₹-93 Cr ### Profit growth — fastest growers ### 20-quarter Net profit history - MCLEODRUSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-71 Cr | Mar 2023 ₹-1.1K Cr | Jun 2023 ₹-73 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹-82 Cr | Mar 2024 ₹-218 Cr | Jun 2024 ₹-21 Cr | Sep 2024 ₹85 Cr | Dec 2024 ₹-87 Cr | Mar 2025 ₹-174 Cr | Jun 2025 ₹-43 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹-36 Cr | Mar 2026 ₹-73 Cr | Jun 2026 ₹-13 Cr ### 20-quarter Profit growth history - MCLEODRUSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 39% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -66% | Dec 2025 — | Mar 2026 — | Jun 2026 — ## Return On Capital Employed What the numbers say: Mcleod Russel India Ltd leads ROCE at -4.7%. Mcleod Russel India Ltd has the strongest latest improvement at -3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Mcleod Russel India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Mcleod Russel India Ltd · -4.7% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Mcleod Russel India Ltd (MCLEODRUSS): -4.7% ### ROCE change — fastest improvers 1. Mcleod Russel India Ltd (MCLEODRUSS): −3.0 pp ### 20-quarter ROCE history ### 20-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Mcleod Russel India Ltd (MCLEODRUSS): 9.1 ### 20-quarter PEG history ### 20-quarter P/E history - MCLEODRUSS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 28.3 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Mcleod Russel India Ltd (MCLEODRUSS) — market value ₹483 Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Tea sector outperforming NIFTY 500? Tea has outperformed NIFTY 500 by 23.1% over 52 weeks and 29.1% over 13 weeks. 0 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Tea company is largest by revenue? Mcleod Russel India Ltd leads with revenue of ₹1,199 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Tea company is growing fastest? Mcleod Russel India Ltd has the fastest current revenue growth at -0.5%, across 1 of 1 comparable companies. ### Which Tea company has the strongest 4-Factor Sector Score? Mcleod Russel India Ltd ranks first at 34.9/100 with 75.5% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Tea comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Tea index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Tea, this page builds its own equal-weight basket of 1 listed Tea companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Tea stocks in India? Ranked by this page's four-factor score, Mcleod Russel India Ltd places first among 1 listed Tea companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Tea stocks are listed in India? This comparison covers 1 listed Tea companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Tea company is the biggest? Mcleod Russel India Ltd is the largest, with trailing-twelve-month revenue of ₹1,199 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Tea company has the best profit margins? Mcleod Russel India Ltd has the highest operating margin at 11%, from 1 of 1 comparable companies. Mcleod Russel India Ltd shows the biggest recent improvement, at +7.7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Tea company makes the most profit? Mcleod Russel India Ltd earns the most, at ₹93 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. ### Which Tea company earns the highest return on capital? Mcleod Russel India Ltd leads on return on capital employed at -4.7%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Is the Tea sector beating the market? Tea has outperformed NIFTY 500 by 23.1% over the last 52 weeks and 29.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Tea stock has the strongest price momentum? Mcleod Russel India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Tea company scores highest for research priority? Mcleod Russel India Ltd scores 34.9 out of 100 with 75.5% evidence confidence, from 11.8 points on growth and earnings, 4 on capital efficiency, 11.6 on valuation and 7.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Tea companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Tea sector? The 1 Tea companies on this page carry ₹483 crore of combined market value. Mcleod Russel India Ltd is the largest at ₹483 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16. ### How is the Tea sector performing? 0 of the 1 covered Tea companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 23.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.