Cheviot Company Limited, originally incorporated as Delta Jute Mills Company Ltd on December 27, 1897, later changed its name to Cheviot Company Ltd in September 1976. As a flagship company of the Cheviot group, it is part of the Kanoria family and headquartered in Kolkata, India. With a rich heritage spanning over 125 years, the company employs 4,098 people and has established itself as a prominent player in the jute manufacturing industry.
The company holds several key certifications, including ISO 9001:2015, ISO 14001, ISO 18001:2007, and OEKO TEX – Standard 100. It is recognized as a Three Star Export House, providing solutions in textile, tea, and education sectors. This commitment to quality and environmental standards has positioned Cheviot Company as a trusted manufacturer in both domestic and international markets.
Cheviot Company specializes in manufacturing and exporting jute yarns and fabrics both in India and globally. Its product range includes jute yarn, fabrics, sacks, and customized products such as geotextiles, food-grade bags, and technical textiles. These products cater to domestic and international markets, including the United States of America, Netherlands, Germany, Australia, and Japan.
The company focuses on various specialty jute products, including superior-quality hessian and fabrics, along with high-yielding, value-added items. Annually, it produces over 50 million jute bags primarily used for food grain packaging by the Government of India.
Cheviot Company has diversified its product portfolio to include specialized offerings such as customized food-grade bags and fabrics, suitable for packaging food products like cocoa, coffee, and potatoes. It is also an exporter of lightweight geotextiles to North America and Europe, supplying erosion control blankets and manufacturing heavy geotextiles as per customer requirements.
Its specialty products also extend to technical applications, producing hydrocarbon-free sacks. Its specialty fabrics include fire retardants, rot proofs, water repellents, and naturally stiffened fabrics.
Cheviot Company Ltd holds a market capitalization of ₹607 crore as of March 21, 2025. According to Value Research classification, it is considered a Small Cap company.
Key Financial Metrics:
- Revenue (FY24 TTM): ₹439 Crore
- Profit (FY24 TTM): ₹57.7 Crore
- EBITDA (TTM): ₹530.88 Million
- EBITDA Margin: 12.08%
- P/E Ratio: 9.58 times (as of 21-Mar-2025)
- P/B Ratio: 1.17 times (as of 21-Mar-2025), a 95% premium to peers' median.
- Return on Equity (3-year average): 9.71%
- Sales Growth (5-year average): -0.83%
- Debt-free status: (Not explicitly stated, but often implied by positive financial health if not mentioned)
Q4 FY2024 (Quarter ended December 2024):
- Net profit declined 80.80% to ₹3.44 crore, compared to ₹17.92 crore in Q4 FY2023.
- Sales rose 9.82% to ₹108.07 crore, compared to ₹98.41 crore in Q4 FY2023.
Q3 FY2024 (Quarter ended September 2024):
- Net profit declined 6.10% to ₹18.48 crore, compared to ₹19.68 crore in Q3 FY2023.
- Sales declined 18.06% to ₹102.85 crore, compared to ₹125.52 crore in Q3 FY2023.
Q2 FY2024 (Quarter ended June 2024):
- Net profit rose 57.20% to ₹26.52 crore, compared to ₹16.87 crore in Q2 FY2023.
- Sales declined 18.37% to ₹94.72 crore, compared to ₹116.03 crore in Q2 FY2023.
Cheviot Company Ltd has a consistent dividend policy.
- Dividend Yield (2024): 0.49%
- Payout Ratio (2024): 5.10%
- Dividend Yield (2023): 0.40%
- Payout Ratio (2023): 4.34%
- Last Dividend Per Share: ₹5.00 INR
- Dividend Yield (TTM): 0.46%
The stock's performance reflects market dynamics in the jute sector.
- 52-Week High: ₹1,651.00
- 52-Week Low: ₹998.80
- All-Time High: ₹1,653.40 (August 28, 2024)
- All-Time Low: ₹960.30 (March 29, 2023)
- 1-Year Return: -17.23%
- Volatility: 1.55%
- Beta Coefficient: 0.82
The shareholding pattern indicates strong promoter confidence.
- Promoter Holding (December 2024): 74.88% (increased from 74.83% in June 2024)
- Promoter Pledging: No promoter pledging in Cheviot Company Ltd.
- Chairman & Managing Director: Harsh Vardhan Kanoria
Cheviot Company Ltd is actively traded on both major Indian stock exchanges.
- ISIN: INE974B01016
- BSE Code: 526817
- NSE Symbol: CHEVIOT
Conclusion:
Cheviot Company Limited represents a traditional manufacturing business with a strong heritage in jute production. While the company faces challenges in maintaining consistent growth rates, its diversified product portfolio, strong market position in government contracts, and export capabilities provide a foundation for long-term sustainability in the evolving textile industry. Its stable promoter holding and lack of pledged shares further reinforce its financial prudence.
