How much of Neelamalai's profit came from its own operations?

On a standalone basis, Neelamalai reported a net profit of ₹2.61 crore for FY26. The consolidated profit of ₹29.12 crore was driven by a ₹32.75 crore contribution from its share in associate companies and joint ventures.

Why was the dividend reduced if profit grew?

The board recommended a final dividend of ₹20 per share, down from ₹30 per share last year. The total payout is ₹1.24 crore. The filing does not state a reason for the cut.

What is the record date for the dividend?

The record date is August 12, 2026, ahead of the Annual General Meeting on August 19, 2026.

Is Neelamalai primarily a plantation company or an investment vehicle?

The company is classified as a nano-cap plantation company. However, its FY26 results show its own operational net profit was ₹2.61 crore, while its earnings from associates and JVs were ₹32.75 crore.

Earnings · Tea/Coffee · Micro cap

Neelamalai's profit looks good. Its own business doesn't.

Consolidated net profit of ₹29.12 crore is almost entirely from associate-company earnings, not from its plantation operations.

— 1 earlier story on Neelamalai Agro Industries Ltd. →

NEAGI By Tipsheet Editorial 29 May 2026 · 7:53 PM IST Verify on BSE · NSE

Mkt cap₹201 cr

P/E7.54×

ROE7.75%

Debt / eq.0.00

Div yld0.93%

₹32.75 cr Share of profit from associates/JVs that carried the bottom line.

What's new

FY26 consolidated net profit rose to ₹29.12 crore from ₹23.20 crore.
Standalone net profit was just ₹2.61 crore on ₹25.45 crore revenue.
Board cut final dividend to ₹20/share from ₹30/share last year.

Why this matters

The profit growth is an accounting artifact, not an operational one. Standalone operations contributed less than 10% of the consolidated bottom line. The dividend cut, despite the profit headline, confirms the board sees the same hollow core.

What we're watching

Whether standalone operations improve in FY27.
The performance of the specific associates driving the ₹32.75 crore.
The payout on the record date of August 12, 2026.

The full read

Neelamalai Agro Industries reported ₹29.12 crore in consolidated profit for FY26, up from ₹23.20 crore. A closer look reveals a ₹32.75 crore contribution from associates and JVs. Standalone, the company made just ₹2.61 crore on ₹25.45 crore in revenue. The plantation business itself is a footnote. The board is paying a final dividend of ₹20 per share, down from ₹30 last year. The total payout is ₹1.24 crore. The financial identity is its investment book. The dividend cut signals the board knows this.

Questions answered

How much of Neelamalai's profit came from its own operations?: On a standalone basis, Neelamalai reported a net profit of ₹2.61 crore for FY26. The consolidated profit of ₹29.12 crore was driven by a ₹32.75 crore contribution from its share in associate companies and joint ventures.
Why was the dividend reduced if profit grew?: The board recommended a final dividend of ₹20 per share, down from ₹30 per share last year. The total payout is ₹1.24 crore. The filing does not state a reason for the cut.
What is the record date for the dividend?: The record date is August 12, 2026, ahead of the Annual General Meeting on August 19, 2026.
Is Neelamalai primarily a plantation company or an investment vehicle?: The company is classified as a nano-cap plantation company. However, its FY26 results show its own operational net profit was ₹2.61 crore, while its earnings from associates and JVs were ₹32.75 crore.

Mentioned: Neelamalai Agro Industries · ₹29.12 cr consolidated profit · ₹32.75 cr from associates/JVs

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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29 May 2026 · 7:53 PM IST Neelamalai's profit looks good. Its own business doesn't.
1d ago Neelamalai Agro cuts dividend 33% despite profit growth