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Neelamalai Agro Industries Ltd
NSE: BSE: 508670
₹3040
(5%)
Mon, 27 Jul 2026, 11:14 pm
Market Cap (in Cr)191.84
PE Ratio6.49
Dividend0.98
Consumer Non-Durables
Food: Major Diversified
24.5KCompany History
1943
- The Company was incorporated at Coimbatore with the main object of tea cultivation.
1964
- Wooligooly Coffee estate was disposed of at a profit of Rs 6,28,378.
1979
- The name of the company was changed from Neelamalai Tea & Coffee Estates Ltd. to Neelamalai Tea & Coffee Estates & Industries Ltd. and later to Neelamalai Agro Industries Ltd.
1980
- An area of 14.94 hectares on Katary Estate was brought into plucking.
1984
- A.V. Thomas Exports Ltd. and Neelamalai Investments Ltd. became subsidiaries of the Company.
- An area of 6.40 hectares was brought into plucking on Katary Estate.
- 3.20 hectares of old uneconomic tea were uprooted for replanting on Katary Estate.
1985
- The Company promoted AVT Rubber Products Ltd., which became a subsidiary but failed to commence business.
1986
- A.V. Thomas Industrial products Ltd. became a subsidiary of the Company.
- Due to unfavourable weather conditions, the estates could not harvest the estimated crops.
- 6.40 hectares of old tea on Katary estate were replanted with high yielding clonal plants.
- Equity shares of Rs 5 each were consolidated into shares of Rs 10 each.
1987
- The overall operations suffered due to production decline and lower tea prices.
- 6.39 hectares of old tea on Katary estate were replanted with clonal plants.
1988
- 1.37 hectares on Sulton, 6.39 hectares on Katary and 4.84 hectares on Bhawani estates were replanted with high yielding clonal plants.
1989
- The crop harvested was poor due to unfavourable weather conditions.
1990
- The crop harvested was poor due to unfavourable weather conditions.
1991
- 3,60,000 Bonus Equity shares were issued in the proportion 1:1.
1992
- The estates could not harvest the estimated crop due to poor weather conditions.
- The prices realised for tea were lower than the previous year.
1993
- The Company extended the Katary factory and commissioned a CTC manufacturing facility.
- 1,80,000-5% Pref. shares were redeemed.
1994
- The Company combated poor Orthodox tea prices by securing export supplies.
- The High Court of Chennai approved the amalgamation of Neelamalai Investments Ltd. with the Company.
2000
- The Company bought back 92,650 equity shares at a price of Rs.65 per share.
2008
- The Company recommended a Dividend of 100% for the year.
2009
- The Company recommended a Dividend of Rs. 10/- Per Share for the year.
2010
- The Company recommended a Dividend of Rs. 10/- per Share for the year.
2011
- The Company recommended a dividend of Rs. 15/- per share for the year.
2012
- The Company recommended a Final Dividend of Rs. 10/- per share and a Special Interim Dividend at Rs. 100/- per share.
2013
- Neelamalai Agro Industries Ltd recommended a final dividend of Rs. 20/- per share.
2014
- Neelamalai Agro Industries Ltd recommended a dividend of Rs. 40/- per share.