Naga Dhunseri Group Limited, originally incorporated as Naga Hills Tea Co. Ltd. on August 26, 1918, underwent a significant transformation. It was acquired by the Dhunseri Group, leading to its name change to Naga Dhunseri Holding Group Ltd. on September 17, 1990. A further change to its current name, Naga Dhunseri Group Limited, was formalized with a Fresh Certificate of Incorporation issued by the Registrar of Companies, West Bengal, Calcutta, on March 7, 1995.
The Late Shankar Lal Dhanuka, founder of the Dhunseri Group, acquired the Company (Naga Hills Tea Co. Ltd.) in 1961. Over the decades, the company's business nature evolved significantly. Its tea gardens were transferred to the erstwhile Dhunseri Tea & Industries Limited, while the company itself accumulated substantial investments in real estate, shares, and securities.
Naga Dhunseri Group Ltd. operates as an India-based non-banking finance company (NBFC). Its primary business activity involves making strategic investments in shares and securities. The company is registered as a Non-Systematically Important Non-Deposit Taking Non-Banking Financial Company. Its operational focus areas are diverse, concentrating on investment activities.
The company's core strategy includes purchasing, acquiring, holding, disposing of, and investing in shares, debentures, bonds, and securities issued or guaranteed by any government, public body, or authority in India or internationally. It functions as an investor, guarantor, underwriter, and financier, providing capital for industrial enterprises, lending, advancing, depositing, and dealing with monies. It also offers other financial facilities, services, and credit, with or without interest or security. Furthermore, the company is involved in holding, developing, and maintaining lands and buildings, as well as managing investments in various group entities and other relevant securities.
As of July 2025, the market capitalization of Naga Dhunseri Group Ltd (NDGL) stands at ₹436.54 Crore. The stock is listed and trades on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the symbol NDGL.
Key Market Metrics:
- 52-Week High: ₹6,689.00
- 52-Week Low: ₹2,050.00
- P/E Ratio: 10.19
- P/B Ratio: 0.40
- Dividend Yield: 0.07%
#### Recent Quarterly Results
The company has exhibited mixed financial results in recent quarters.
- December 2024 Quarter: Net profit rose by 30.41% to ₹11.02 Crore compared to ₹8.45 Crore in the December 2023 quarter. However, sales declined by 83.89% to ₹1.93 Crore in the December 2024 quarter, down from ₹11.98 Crore in the corresponding period of the previous year.
- September 2024 Quarter: The company faced challenges with net profit declining by 31.06% to ₹11.50 Crore compared to ₹16.68 Crore in the September 2023 quarter. Sales also decreased by 57.21% to ₹3.74 Crore from ₹8.74 Crore in the September 2023 quarter.
#### Annual Financial Performance
- Trailing 12-Month Revenue: ₹70.40 Crore.
- Annual Revenue Growth: 145% (outstanding).
- Profitability: A pre-tax margin of 48% is considered great, while the Return on Equity (ROE) of 2% is fair but indicates room for improvement.
- Annual Profit (Year Ended 2024): The company posted a profit of ₹33.84 Crore on a total income of ₹29.07 Crore.
The key management includes C. K. Dhanuka as Chairman. Nidhi Khaitan previously served as the Company Secretary. However, there has been a recent change in leadership: Naga Dhunseri Group Limited informed regarding the Resignation of Nidhi Khaitan as Company Secretary & Compliance Officer effective April 8, 2025.
- Promoter Holding: 73.6% (as per the latest available data), which signifies strong promoter confidence in the business.
The company is almost debt-free, providing significant financial flexibility. Over the last 3 years, it has reported a low return on equity of 8.73%, suggesting potential for enhanced capital efficiency.
Naga Dhunseri Group Ltd. operates within the Financials sector, specifically in the Investment Banking & Brokerage sub-sector. Over the past 5 years, its revenue has grown at an average annual rate of 27.5%, which is substantially higher than the industry average of 11.17%. This growth has led to an increase in its market share from 0.03% to 0.06% over the same period, indicating that the company is expanding its presence faster than its industry peers.
Naga Dhunseri Group Limited presents a distinct investment profile as a non-banking financial company with a rich heritage spanning over a century. Its evolution from tea plantations to its current focus on investments and securities highlights its strategic adaptability. While recent financial performance shows some fluctuations in revenue streams, the company consistently maintains strong profitability margins and a debt-free balance sheet. These factors make it an interesting consideration for investors seeking exposure to the financial services sector through a well-established entity with substantial promoter backing.
