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Goodricke Group Ltd.

BSE: 500166 Sector: Agri and agri inputs
NSE: GOODRICKE ISIN Code: INE300A01016
BSE 15:41 | 19 Jan 406.10 -4.00
(-0.98%)
OPEN

408.00

HIGH

415.00

LOW

404.95

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 408.00
PREVIOUS CLOSE 410.10
VOLUME 7265
52-Week high 545.00
52-Week low 221.10
P/E 18.48
Mkt Cap.(Rs cr) 877
Buy Price 406.10
Buy Qty 240.00
Sell Price 0.00
Sell Qty 0.00
OPEN 408.00
CLOSE 410.10
VOLUME 7265
52-Week high 545.00
52-Week low 221.10
P/E 18.48
Mkt Cap.(Rs cr) 877
Buy Price 406.10
Buy Qty 240.00
Sell Price 0.00
Sell Qty 0.00

Goodricke Group Ltd. (GOODRICKE) - Company History

Goodricke Group Ltd.(GGL), a part of UK based Duncan Lawrie Group was incorporated in 1977 to takeover the Indian business and assets of eight Sterling Tea companies comprising seventeen tea estates. The Duncan Lawrie Group have a controlling stake in GGL through its group companies Assam-Dooars Investment, which hold 48.10% of stake in GGL and Western-Dooars Investment, which holds 25.90% stake in GGL. The company has taken acquisition route to expand its plantation area, especialy in Darjeeling District of West Bengal in 1984. Under this acquisition policy it had already acquired Castleton Tea Estate and Margarets'Hope Tea Estate through its subsidiary 'Tiru Tea'. The UK-based Lawrie group, together with GGL, has acquired a 45% stake in the Soaltee group of Nepal, which produces two lac kg pa of tea. It also has received an offer from Himalaya Tea Garden and Farming Pvt Ltd, Nepal, to participate in its equity as a joint venture partner to assist in its expansion and modernisation schemes. It plans extension planting in Darjeeling. During 1999-2000, the exports were affected to the introduction of Certification Trade Mark (CTM). Also, instant tea had another difficult year, due to lower shipments to US and other markets. The packet tea operation was also unfavourable with lower take-off due to gult in the market and severe price competition. In 2001-02 the company introduced 'Goodricke Gold' in the market and the initial response was encouraging.