Rydak Syndicate Ltd

Indicative price history

Key highlights

• Tea-garden company incorporated 1898; CIN L65993WB1900PLC001417 (dormant CSE listing).
• FY23 revenue ₹139.40 Cr, profit ₹11.45 Cr; FY25 revenue ₹138.67 Cr, net worth ₹73.28 Cr; India Ratings BB+.
• About 9.73 lakh shares (paid-up ₹97.31 lakh); UnlistedZone ₹575 (1 Sep 2025, lot 50) ≈ ₹56 Cr, 0.76x book.
• Planify ₹473.50 (31 Jul 2026) and wwipl ₹475 — live market below the UnlistedZone quote.

About Rydak Syndicate

Rydak Syndicate Limited is one of the old Calcutta managing-agency-era tea companies: it grows, plucks and processes tea at its own gardens in north Bengal's Dooars belt (the registry classifies it under tea and coffee processing within agriculture) and sells made tea through the Kolkata and Siliguri auctions and private sales. Tea is a labour-intensive, weather-dependent crop, so wages, fertiliser and fuel dominate costs and profit swings with auction prices and crop size. The garden list, planted area and annual crop were not retrievable in this session and should be taken from the annual report.

The company carries CIN L65993WB1900PLC001417 — the L prefix marks it as a listed company, historically on the Calcutta Stock Exchange, where trading has been dormant for years; the shares therefore change hands off-market among unlisted-share dealers. Registry sources give the incorporation year as 1898 (the CIN encodes 1900) and the registered office as Kolkata. Paid-up capital is about ₹97.31 lakh, i.e. roughly 9.73 lakh shares of ₹10, which is why the price per share is high relative to the company's size. The board includes Rajvinder Singh (Managing Director), Prabir Kumar Bhattacharjee, Deepankar Nandi and Sruti Baid (directors) and Ravindra Suchanti (non-executive independent director); aggregators list eight active directors.

Financials from registry aggregators: FY23 revenue ₹139.40 Cr with profit of ₹11.45 Cr, and FY25 revenue of ₹138.67 Cr with net worth of ₹73.28 Cr. FY25 profit was not reported in the snippets; the ₹5.8 Cr shown is an estimate reflecting the weak 2024–25 tea price and cost environment, and FY24 is interpolated. India Ratings assigns the company a BB+ rating, consistent with moderate leverage and a thin, volatile margin. Balance-sheet and cash-flow lines other than FY25 net worth are estimates.

At UnlistedZone's ₹575 (lot 50) the 0.0973 Cr shares are worth about ₹56 Cr — roughly 0.76x FY25 book value, 0.4x revenue and about 5x FY23 earnings (10x the estimated FY25 figure). The UnlistedZone quote is dated 1 September 2025, more than a year old; Planify quoted ₹473.50 on 31 July 2026 (minimum 350 shares) and wwipl ₹475 (undated), so the live market is about 17% below the UnlistedZone figure used here at the user's request. Expect the dealer to deal nearer ₹475.

Verification status (10 Oct 2026): CIN, incorporation year, paid-up capital, directors, FY23 revenue/profit, FY25 revenue/net worth and the BB+ rating come from registry aggregators (Infyner, TheCompanyCheck, Qorpiq) via search snippets; ISIN, rate, lot and dates are UnlistedZone, Planify and wwipl figures from snippets (the sites are blocked from this sandbox). Registered-office address, garden list, DINs (except Sruti Baid, DIN 10637833), shareholding split, FY24 and FY25 profit, balance-sheet lines and headcount are unverified or estimated; the CSE listing status should be checked with the exchange.

Where the revenue comes from

• Black CTC tea — auction sales80%

  Made tea sold through Kolkata/Siliguri auctions (share estimated)

• Private and export sales15%

  Direct sales to blenders and exporters (share estimated)

• Green leaf and other5%

  Bought-leaf processing and other income (share estimated)

Products & services