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Goodricke Group Ltd.

BSE: 500166 Sector: Agri and agri inputs
NSE: GOODRICKE ISIN Code: INE300A01016
BSE 00:00 | 19 Jul 273.75 -6.50
(-2.32%)
OPEN

280.00

HIGH

285.95

LOW

272.05

NSE 05:30 | 01 Jan Goodricke Group Ltd
OPEN 280.00
PREVIOUS CLOSE 280.25
VOLUME 1766
52-Week high 545.00
52-Week low 221.10
P/E 18.66
Mkt Cap.(Rs cr) 591
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 280.00
CLOSE 280.25
VOLUME 1766
52-Week high 545.00
52-Week low 221.10
P/E 18.66
Mkt Cap.(Rs cr) 591
Buy Price 0.00
Buy Qty 0.00
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.