Mcleod Russel q4 results: Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore

A supplementary affidavit was filed before NCLAT by the appellant (Aditya Khaitan), whereby an agreement between the parties dated May 5, 2023 was brought on record. The financial creditors also informed the appellate tribunal they already settled the matter with the promoter Khaitans and there are …

NCLAT set aside insolvency proceedings against McLeod Russel

Sources close to the development indicated that the settlement between McLeod promoters and IL&FS included a combination of payment of an amount and land

NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP

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Stocks to watch today — May 11, 2023

IL&FS Infrastructure Debt Fund (IIDF), part of the IL&FS group and a financial creditor of McLeod, has applied under a provision of the IBC against McLeod Russel India Ltd with the National Company Law Tribunal, Kolkata Bench. IIDF filed the petition against the company for default in payment of Rs …

McLeod Russel-IL&FS out-of-court settlement may lead to 60pc recovery

Once NCLT approves application, tea producer would be out of insolvency proceedings

Khaitans reach settlement with IL&FS to regain control of McLeod Russel

It has further listed the matter for hearing on March 27

NCLAT provides interim relief to the Khaitans, the erstwhile promoters of McLeod Russel

Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement

Some relief for Khaitans as McLeod Russel gets interim stay in CIRP

McLeod Russel’s revenue from operations on a standalone basis increased by nearly 22% at ₹412 crore

McLeod Russel net loss widens

The Kolkata bench of the National Company Law Tribunal (NCLT) has appointed Ritesh Prasad Adatiya as the interim resolution professional (IRP).

NCLT admits plea against McLeod Russel under IBC

IL&FS sought to initiate CIRP against McLeod Russel in connection with a default in payment in 2019

NCLT admits application seeking CIRP against McLeod Russel India

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

McLeod Russel India Limited is engaged in manufacturing of tea in India.