Cheviot makes 50 million jute bags a year, but its sales chart looks like a jute mill caught in a cyclone. An old-money, Kanoria-family-run textile legacy that’s still standing strong—but slowly. Welcome to India’s quietest Three-Star Export House.
2. Introduction with Hook
Cheviot Company Ltd is like the Dronacharya of jute—respected, forgotten, but not irrelevant. Incorporated in 1976 and rooted deeper than some mutual fund careers, it churns out lakhs of jute bags for the Indian government while sipping dividend tea on the side.
FY25 EPS: ₹95.96
ROCE: ~10%, Debt: almost nil
Market cap: ₹706 Cr vs Investments worth ₹311 Cr
If India’s jute story were Mahabharata, Cheviot would be Bhishma Pitamah—immortal, but lying low.
3. Business Model (WTF Do They Even Do?)
Cheviot is in the business of jute—plain, premium, patriotic.
Main Products: Jute yarn, hessian fabric, and foodgrain packaging bags.
Clients: Primarily Government of India and state agencies (Fertilizer, Food & Civil Supplies).
Certifications: ISO 9001:2015, ISO 14001, OEKO TEX Standard 100.
Side Quests: Tea, education, and a modest treasury portfolio.
It’s not sexy. It’s not new. But it’s certified, export-worthy, and Bharat Sarkar-approved.
