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Naga Dhunseri Group Limited (NDGL)

₹2,398.80 +1.60% last close, 16 Oct

📊 NSE: NDGL 🏢 Finance & Investments 📢 Latest filing: 21 Aug 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Naga Dhunseri's net interest income was ₹89.2 Cr (-23.1% year on year, +178.9% on the previous quarter), and net profit ₹38.4 Cr (+13.0% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹89.2	-23.1%	+178.9%
Operating profit	₹19.5	—	—
Net profit	₹38.4	+13.0%	from loss
EPS (₹)	363.58	+32.9%	from loss

Full quarterly financials → Results calendar →

NDGL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 73.78% of the NDGL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 85.27%. That is lower than usual for this stock. Turnover was only ₹6 lakh, so a handful of trades can move this figure.

73.78%Delivery, 16 Oct

85.27%Own 20-session average

1.5×Volume vs its average

₹2,398.80NSE close · +1.60%

Delivery in the last 5 sessions: 73.0% · 91.7% · 92.7% · 97.3% · 73.8%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

NDGL Shareholders Approve Rs 2.50/Share Dividend and FY26 Financials with 99.69% Approval

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Aug 2026, 11:18 PM

Naga Dhunseri Group Limited submitted the scrutinizer's report for its 108th Annual General Meeting held on August 20, 2026. All three ordinary resolutions were approved by shareholders with 99.69% of valid votes in favor (7,37,271 votes). Key approvals include the adoption of FY26 financial statements, declaration of a dividend of Rs. 2.50 per equity share, and the re-appointment of Director Mrs. Aruna Dhanuka.

Shareholders approved dividend of Rs. 2.50 per equity share for FY26 with 99.69% voting in favor
Adoption of Standalone and Consolidated Financial Statements for FY25-26 approved with 7,37,271 votes in favor vs 2,262 votes against
Re-appointment of retiring director Mrs. Aruna Dhanuka approved by 99.69% of valid votes cast
Remote e-voting was conducted from August 17, 2026 to August 19, 2026 with cut-off date of August 13, 2026

💡 Track the upcoming dividend payout timeline and monitor the company's subsequent quarterly operational and investment portfolio performance.

Naga Dhunseri Group Concludes 108th AGM; Tables ₹2.50/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Aug 2026, 06:06 PM

Naga Dhunseri Group Limited concluded its 108th Annual General Meeting (AGM) held on August 20, 2026, via video conferencing. Key ordinary business tabled before shareholders included the adoption of FY26 financial statements, declaration of an equity dividend of ₹2.50 per share, and the re-appointment of director Mrs. Aruna Dhanuka. Consolidated e-voting results are scheduled to be disclosed within two working days.

Conducted 108th AGM on August 20, 2026, from 3:00 PM to 3:20 PM IST
Tabled dividend declaration of ₹2.50 per equity share for FY26
Adoption of Standalone and Consolidated Financial Statements for the year ended March 31, 2026
Remote e-voting window was open from August 17, 2026 (9:00 AM) to August 19, 2026 (5:00 PM)
Voting outcome and scrutinizer report to be declared within 2 working days

💡 Track the formal disclosure of the voting results on the exchange and check dividend record/payout dates if holding shares.

NDGL Q1 Standalone PAT rises 81% YoY to Rs 5.13 Cr; Consolidated PAT at Rs 38.41 Cr

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 01:44 PM

Naga Dhunseri Group Limited (NDGL) reported a strong start to FY27 with standalone net profit rising to Rs 5.13 Cr from Rs 2.83 Cr in the previous year's June quarter. Consolidated profit after tax reached Rs 38.41 Cr, supported by a significant Rs 28.76 Cr contribution from associate companies. The standalone performance was bolstered by unrealized fair value gains of Rs 7.46 Cr on its investment portfolio. Despite the profit growth, the company remains exposed to market volatility and seasonal fluctuations in its tea segment.

Standalone Net Profit increased 81.3% YoY to Rs 5.13 Cr for the quarter ended June 30, 2026.
Consolidated Profit After Tax grew 13.4% YoY to Rs 38.41 Cr from Rs 33.87 Cr.
Unrealized fair value gains of Rs 7.46 Cr significantly boosted standalone total income to Rs 9.35 Cr.
Share of profit from associate companies contributed Rs 28.76 Cr to the consolidated bottom line.
Consolidated segment assets stood at Rs 1,919.06 Cr, which is over 5x the current market capitalization of Rs 363 Cr.

💡 Investors should monitor the quarterly fair value changes in the treasury portfolio and the performance of the associate company, Dhunseri Investments Ltd, which drives a large portion of consolidated profits.

NDGL Schedules 108th AGM for August 20, 2026; Releases FY26 Annual Report Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jul 2026, 05:04 PM

Naga Dhunseri Group Limited (NDGL) has scheduled its 108th Annual General Meeting (AGM) for August 20, 2026, to be conducted via video conferencing. The company has issued a public notice providing the web-link for the FY 2025-26 Annual Report to shareholders whose email addresses are not currently registered. This follows a volatile FY26 where the company reported a revenue of ‡513 Cr but a net loss of ‡11 Cr. Investors should utilize the provided report to analyze the performance of the company's investment portfolio, which is the primary driver of its financial health.

108th Annual General Meeting scheduled for August 20, 2026, at 3:00 P.M. IST.
Annual Report for FY 2025-26 released via digital link for shareholders with unregistered emails.
Company reported a TTM revenue of ‡513 Cr against a net loss of ‡11 Cr for FY26.
Promoter holding remains high and stable at 73.58% as of March 2026.
Market capitalization stands at ‡324 Cr, slightly below its reported net worth of ‡307 Cr.

💡 Investors should access the full Annual Report via the provided link to examine the specific composition of the investment portfolio and management's outlook on market volatility risks.

₹2.50 Dividend: Naga Dhunseri Group to Hold 108th AGM on August 20, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Jul 2026, 04:11 PM

Naga Dhunseri Group Limited has scheduled its 108th Annual General Meeting (AGM) for August 20, 2026, to approve FY26 financial results and a proposed dividend of ₹2.50 per share. The record date for dividend eligibility is August 13, 2026, with payments expected to commence on or after August 27, 2026. Despite a TTM net loss of ₹11 Cr, the company is maintaining a modest dividend payout. Shareholders will also vote on the re-appointment of Director Aruna Dhanuka, who holds 78,700 shares.

Proposed dividend of ₹2.50 per equity share for the financial year ended March 31, 2026.
Record date for dividend entitlement set for August 13, 2026.
108th AGM to be conducted via Video Conferencing on August 20, 2026.
Director Aruna Dhanuka, with a holding of 78,700 shares, is up for re-appointment.
Dividend payment to commence on or after August 27, 2026, subject to shareholder approval.

💡 Investors should ensure their KYC and bank mandate details are updated with the Registrar (Maheshwari Datamatics) by the August 13 record date to ensure seamless dividend credit.

Regulation 74(5) Compliance: NDGL Confirms Dematerialization Processing for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 10:47 AM

Naga Dhunseri Group Limited (NDGL) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the quarter ended June 30, 2026, all physical securities received for dematerialization were processed within the stipulated time. This includes the destruction of physical certificates and updating depository records to reflect the new ownership. The confirmation was provided by the company's Registrar and Share Transfer Agent, Maheshwari Datamatics Private Limited.

Compliance certificate issued for the quarter ended June 30, 2026
Covers the three-month period from April 1, 2026, to June 30, 2026
RTA certificate confirming compliance is dated July 2, 2026

💡 This is a routine administrative filing with no impact on business fundamentals. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

Naga Dhunseri Group Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 02:29 PM

Naga Dhunseri Group Limited has officially announced the closure of its trading window for all designated persons starting July 1, 2026. This mandatory regulatory step is taken ahead of the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are publicly disclosed. The specific date for the board meeting to approve these results will be communicated at a later time.

Trading window closure commences on July 1, 2026, for the Q1 FY27 reporting period.
The restriction applies to all Designated Persons and their immediate relatives as per SEBI regulations.
Closure covers both standalone and consolidated unaudited financial results for the quarter ended June 30, 2026.
The trading window will reopen 48 hours after the financial results are declared to the exchanges.

💡 This is a routine regulatory filing and requires no immediate action from general investors. Shareholders should monitor future announcements for the specific board meeting date to assess the company's quarterly performance.

NDGL to Transfer Shares to IEPF for Dividends Unclaimed Since FY 2018-19

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 17 Jun 2026, 05:23 PM

Naga Dhunseri Group Limited (NDGL) has issued a notice regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This applies to shareholders who have not claimed or encashed dividends for seven consecutive years, starting from the Financial Year 2018-19. Affected shareholders must submit their claims to the Registrar and Share Transfer Agent (RTA) by October 15, 2026, to prevent the transfer. Once transferred, shares and future dividends can only be reclaimed through the IEPF Authority using the prescribed Form IEPF-5.

Mandatory transfer of shares to IEPF for dividends unclaimed for 7 consecutive years starting FY 2018-19.
Shareholders must submit claims to the RTA, Maheshwari Datamatics Pvt Ltd, by October 15, 2026.
The transfer is conducted under Section 124(6) of the Companies Act, 2013 and IEPF Rules, 2016.
Physical share certificates will be deemed cancelled and non-negotiable once the transfer to IEPF is complete.

💡 Investors should check the list of unclaimed dividends on the company's website and, if applicable, submit the required documents to the RTA before October 15, 2026.

NDGL to Transfer Unclaimed Shares to IEPF for Dividends Unpaid Since FY 2018-19

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Jun 2026, 05:21 PM

Naga Dhunseri Group Limited (NDGL) has issued a notice regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority. This action pertains to shares where dividends have remained unclaimed or unpaid for seven consecutive years, specifically starting from the financial year 2018-19. Shareholders who have not encashed their dividends must submit a claim to the company or its Registrar and Share Transfer Agent (RTA) to prevent the transfer. The deadline for shareholders to submit their claims is October 15, 2026.

Shares with unclaimed dividends for 7 consecutive years (since FY 2018-19) are liable for transfer to the IEPF.
Shareholders must submit claims to the RTA, Maheshwari Datamatics Private Limited, by October 15, 2026.
All future benefits, including future dividends and corporate actions, will be credited to the IEPF once the transfer is complete.
Shareholders can reclaim transferred shares from the IEPF Authority by filing an online application in Form IEPF-5.

💡 Shareholders should immediately check the NDGL website to see if their names are on the list of unclaimed dividends and contact the RTA to update their bank details and KYC.

Naga Dhunseri Group Announces ₹2.50 Dividend; Sets Record Date for August 13, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 16 Jun 2026, 05:32 PM

Naga Dhunseri Group Limited has recommended a final dividend of ₹2.50 per equity share for the financial year 2025-26. The company has fixed August 13, 2026, as the record date to determine shareholder eligibility for the payout. The dividend is subject to approval at the Annual General Meeting scheduled for August 20, 2026. The announcement also provides detailed guidelines on Tax Deducted at Source (TDS) for various shareholder categories, including the requirement to link PAN and Aadhaar.

Recommended final dividend of ₹2.50 per equity share of ₹10 face value for FY 2025-26.
Record date for determining dividend eligibility is set for Thursday, August 13, 2026.
Dividend payment will be processed within 30 days of the AGM scheduled for August 20, 2026.
TDS of 10% applies to resident shareholders with PAN if the dividend exceeds ₹10,000; otherwise, 20% applies for invalid/missing PAN.
Deadline for submitting tax exemption documents (Form 15G/15H/10F) is August 13, 2026.

💡 Investors should ensure their PAN and Aadhaar are linked and bank account details are updated with their Depository Participant by August 13, 2026. Shareholders eligible for lower tax rates or exemptions must submit the required forms via the company's RTA portal before the deadline.

Naga Dhunseri Group Announces Rs 2.50 Dividend; Sets Record Date for Aug 13, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 28 May 2026, 04:27 PM

Naga Dhunseri Group Limited has declared a dividend of Rs 2.50 per equity share for the financial year 2025-26, which represents a 25% payout on the face value of Rs 10. The company has fixed August 13, 2026, as the record date to determine shareholder eligibility for this payment. The Register of Members and Share Transfer Books will remain closed from August 14 to August 20, 2026, in conjunction with the company's 108th Annual General Meeting.

Dividend of Rs 2.50 per equity share (25% of face value) for FY 2025-26.
Record date for dividend eligibility is fixed as Thursday, August 13, 2026.
Book closure period scheduled from August 14, 2026, to August 20, 2026.
The 108th Annual General Meeting (AGM) will be held on August 20, 2026.

💡 Investors interested in the dividend should ensure they hold the shares before the ex-dividend date, typically one business day prior to the August 13 record date. Long-term investors should also monitor the upcoming AGM for insights into the company's future growth strategy.

Naga Dhunseri Group Recommends ₹2.50 Dividend Despite Reporting Annual Net Loss

🔴 NEGATIVE ⭐ 7/10

DIVIDEND 📅 28 May 2026, 04:26 PM

Naga Dhunseri Group Limited (NDGL) has recommended a final dividend of ₹2.50 per equity share (25%) for the financial year ended March 31, 2026. However, the company's financial health showed significant deterioration, reporting a standalone net loss of ₹1,088.02 Lakhs for FY 2025-26 compared to a profit of ₹2,395.53 Lakhs in the previous year. Total income for the year turned negative at -₹688.67 Lakhs, largely impacted by fair value losses on investments.

Recommended a final dividend of ₹2.50 per equity share for FY 2025-26, subject to shareholder approval.
Reported a standalone net loss of ₹1,088.02 Lakhs for the full year, a sharp decline from the ₹2,395.53 Lakhs profit in FY 2024-25.
Total annual income fell to -₹688.67 Lakhs from ₹3,674.61 Lakhs in the previous year.
The 108th Annual General Meeting is scheduled for August 20, 2026, with book closure starting August 14, 2026.
Mrs. Bharati Dhanuka has been re-designated as the Vice Chairperson of the company effective May 28, 2026.

💡 Investors should exercise caution as the company has swung to a significant loss, likely due to its investment-heavy portfolio. While the dividend provides a small yield, the underlying erosion in total income and net profit suggests high volatility in the company's asset base.

NDGL Reports FY26 Standalone Net Loss of ₹10.88 Cr; Recommends ₹2.50 Dividend

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 28 May 2026, 04:26 PM

Naga Dhunseri Group Limited (NDGL) reported a significant financial downturn for the fiscal year ended March 31, 2026, swinging to a standalone net loss of ₹10.88 crore from a profit of ₹23.96 crore in the previous year. Total income for the year turned negative at ₹(9.95) crore, largely impacted by substantial losses on fair value changes. Despite the bottom-line pressure, the Board has recommended a dividend of ₹2.50 per share (25%). The company also announced the re-designation of Mrs. Bharati Dhanuka as Vice Chairperson.

Reported a standalone net loss of ₹1,088.02 lakhs for FY26 compared to a net profit of ₹2,395.53 lakhs in FY25.
Recommended a dividend of 25% (₹2.50 per equity share) for the financial year 2025-26.
Total income for FY26 was negative at ₹(994.74) lakhs, primarily due to losses on fair value changes.
Mrs. Bharati Dhanuka re-designated from Non-Executive Director to Vice Chairperson effective May 28, 2026.
The 108th Annual General Meeting (AGM) is scheduled to be held on August 20, 2026.

💡 Investors should exercise caution as the company has moved from profit to a significant loss, driven by fair value adjustments. While the dividend offers some immediate return, the volatility in total income warrants a closer look at the company's investment portfolio and consolidated performance.

NDGL Announces Completion of Tenure for Independent Director Mrs. Rusha Mitra

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 26 May 2026, 06:02 PM

Naga Dhunseri Group Limited (NDGL) has announced that Mrs. Rusha Mitra has completed her tenure as an Independent Director of the company. Her cessation from the board is effective from the close of business hours on May 26, 2026. This change is a routine regulatory event following the completion of a fixed term under SEBI guidelines. The company has complied with Regulation 30 of SEBI (LODR) Regulations in making this disclosure.

Mrs. Rusha Mitra (DIN: 08402204) ceased to be an Independent Director effective May 26, 2026.
The cessation is due to the natural completion of her term rather than a resignation.
The filing was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 This is a routine administrative update with no impact on company fundamentals; investors should simply monitor for the appointment of a new director to ensure board compliance.

Naga Dhunseri Group Reports 100% Capital Reconciliation for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Apr 2026, 12:54 PM

Naga Dhunseri Group Limited has filed its Reconciliation of Share Capital Audit Report for the quarter and year ended March 31, 2026. The report confirms that the company's total issued and listed capital remains unchanged at 10,00,000 equity shares. A significant majority of the shares, approximately 97.58%, are held in dematerialized form, ensuring high transparency and ease of transfer. No discrepancies were found between the issued, listed, and actual share capital held by depositories.

Total issued and listed capital remains stable at 10,00,000 equity shares with a face value of Rs. 10 each.
97.58% of the total shareholding is dematerialized, with 9,05,088 shares in NSDL and 70,711 shares in CDSL.
Physical shareholding is minimal, accounting for only 24,201 shares or 2.42% of the total capital.
Zero demat requests were pending for more than 21 days during the reporting period.
No changes in share capital occurred during the quarter via rights, bonus, or preferential issues.

💡 This is a routine regulatory filing confirming the integrity of the company's share capital structure; no immediate action is required from investors.

View All NDGL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for H1 FY26 reached INR 288.12 Cr, a 2,181.8% increase from INR 12.63 Cr in H1 FY25. Treasury segment revenue was INR 2.15 Cr (down 82.98% YoY), while the newly consolidated Tea segment contributed INR 285.97 Cr.

Geographic Revenue Split

India operations (Treasury and Tea) contributed INR 201.04 Cr (69.8% of total revenue), while Tea operations outside India contributed INR 87.09 Cr (30.2% of total revenue).

Profitability Margins

Operating Profit Margin was 90.36% in FY25 (up 0.21% YoY). Net Profit Margin was 65.19% in FY25, a decrease of 18.85% from 80.33% in FY24, primarily due to higher tax expenses.

EBITDA Margin

Operating Profit Margin of 90.36% reflects high core profitability in treasury operations. Consolidated Profit Before Tax for H1 FY26 was INR 37.34 Cr, compared to INR 11.21 Cr in H1 FY25.

Capital Expenditure

Standalone purchase of investments for H1 FY26 was INR 125.22 Cr, while sales of investments totaled INR 123.26 Cr. Historical current ratio dropped 39.51% to 103.09 due to significant investment increases.

Credit Rating & Borrowing

Not disclosed in available documents. Consolidated loans and borrowings stood at INR 233.97 Cr as of September 30, 2025.

⚙️ Operational Drivers

Raw Materials

Not disclosed for the Tea segment; Treasury operations are service-based and do not require physical raw materials.

Capacity Expansion

Not disclosed in available documents; however, the company is exploring opportunities in start-ups and infrastructure development.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company aims to achieve growth by monitoring market trends, maintaining a long-term investment horizon to mitigate stock volatility, and exploring new opportunities in start-ups and infrastructure development.

Products & Services

Investments in shares and securities (Treasury Operations) and Tea products.

Brand Portfolio

Naga Dhunseri, Dhunseri Investments Limited (Associate).

Market Expansion

Looking forward to using opportunities in start-up and infrastructure development at the right moment.

Market Share & Ranking

Not disclosed in available documents; however, Indian NBFCs are outpacing banks with 20% credit growth vs 12%.

Strategic Alliances

Dhunseri Investments Limited (Associate).

🌍 External Factors

Industry Trends

The global NBFC market is projected to grow at a 7% CAGR to reach USD 1,600 billion by 2033. In India, NBFC credit growth reached 20% in FY25, reaching a total net advance of INR 24.5 lakh crore.

Competitive Landscape

NBFCs are currently outperforming commercial banks in credit growth (20% vs 12%), particularly driven by the Gold NBFC category.

Competitive Moat

The company's moat is its long-term investment strategy; holding a major part of investments for the long term insulates it from temporary stock market fluctuations, ensuring financial stability.

Macro Economic Sensitivity

Sensitive to global growth (projected at 3.3% for 2025) and global headline inflation (expected at 4.2% in 2025).

Geopolitical Risks

Global policy uncertainties and structural challenges are noted as risks to the modest growth landscape in 2025.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Companies Act 2013, and RBI norms for NBFCs.

Taxation Policy Impact

Standalone direct taxes paid (net of refunds) were INR 0.83 Cr for H1 FY26.

Legal Contingencies

No reportable material weaknesses or instances of fraud were observed by auditors during the FY25 financial year audit.

⚠️ Risk Analysis

Key Uncertainties

Market volatility is the primary risk, with potential impact on investment fair values. Fair value changes of investments were INR 1.20 Cr in H1 FY26.

Geographic Concentration Risk

Revenue is concentrated in India (69.8%) and specific international tea markets (30.2%).

Credit & Counterparty Risk

The company encounters credit risk in its daily business operations; terms of loans given are monitored to ensure they are not prejudicial to company interests.