KRBL Ltd

KRBL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

KRBL Ltd

₹ 288 0.26%
21 Nov - close price
krblrice.com BSE: 530813 NSE: KRBL
About

KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.(Source : 202003 Annual Report Page No:181)

Key Points

Market Leadership
The company is India’s largest exporter of branded basmati rice. Its India Gate brand is recognized as the world’s no. 1 basmati rice brand. It also has the largest rice milling plant in Punjab. It possesses the largest contact farming network coverage for rice [1] As of Q1 FY25, the company has a market share of 37% in the general trade and 45% in the modern trade of basmati packaged rice in India as per Nielsen. [2]

Website BSE NSE
  • Market Cap ₹ 6,595 Cr.
  • Current Price ₹ 288
  • High / Low ₹ 386 / 258
  • Stock P/E 15.1
  • Book Value ₹ 216
  • Dividend Yield 1.39 %
  • ROCE 15.9 %
  • ROE 12.5 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 5.50% over past five years.
  • Company has a low return on equity of 13.5% over last 3 years.
  • Dividend payout has been low at 12.2% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

Part of BSE 400 MidSmallCap Index Nifty Microcap 250 BSE Fast Moving Consumer Goods BSE 500 BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,054 1,154 987 1,228 1,319 1,536 1,280 1,414 1,214 1,438 1,318 1,199 1,270
855 1,045 825 997 1,034 1,257 1,137 1,163 1,020 1,260 1,140 1,082 1,148
Operating Profit 199 108 162 232 285 279 144 252 194 178 178 117 122
OPM % 19% 9% 16% 19% 22% 18% 11% 18% 16% 12% 14% 10% 10%
5 15 7 11 21 18 43 27 33 28 9 22 36
Interest 2 4 4 2 1 3 8 1 1 7 14 5 1
Depreciation 19 19 19 19 19 19 19 20 20 20 20 20 20
Profit before tax 184 100 147 222 285 274 160 257 207 179 153 114 138
Tax % 26% 27% 26% 26% 25% 25% 26% 24% 26% 25% 25% 24% 25%
137 73 109 164 213 205 118 195 153 134 114 86 103
EPS in Rs 5.80 3.12 4.63 6.99 9.05 8.72 5.00 8.27 6.69 5.84 4.97 3.78 4.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,051 2,763 3,059 3,345 3,144 3,246 4,120 4,499 3,992 4,211 5,365 5,385 5,226
1,756 2,359 2,571 2,895 2,495 2,467 3,269 3,627 3,168 3,548 4,426 4,582 4,630
Operating Profit 295 403 488 450 649 779 850 872 824 663 939 802 596
OPM % 14% 15% 16% 13% 21% 24% 21% 19% 21% 16% 18% 15% 11%
38 67 -1 92 6 40 15 22 22 42 92 97 94
Interest 78 76 81 67 55 69 68 62 24 13 15 24 27
Depreciation 51 58 53 50 61 68 64 73 72 74 76 79 80
Profit before tax 205 337 353 425 539 682 733 759 751 618 941 795 583
Tax % 27% 21% 20% 23% 26% 32% 31% 26% 25% 26% 26% 25%
150 265 281 327 401 462 503 559 560 460 701 595 437
EPS in Rs 6.22 11.27 11.93 13.91 17.04 19.62 21.38 23.77 23.80 19.54 29.77 26.01 19.07
Dividend Payout % 13% 11% 14% 14% 12% 12% 12% 12% 15% 18% 3% 15%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 9%
5 Years: 4%
3 Years: 2%
TTM: -35%
Stock Price CAGR
10 Years: 12%
5 Years: 7%
3 Years: 6%
1 Year: -17%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 13%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 23 23
Reserves 774 996 1,235 1,437 1,848 2,256 2,694 3,095 3,662 4,040 4,661 4,826 4,923
870 1,380 1,351 1,167 1,090 1,245 1,428 572 369 145 250 545 240
309 288 389 314 424 324 481 723 565 531 647 523 542
Total Liabilities 1,978 2,687 2,999 2,942 3,386 3,849 4,627 4,413 4,619 4,739 5,581 5,917 5,728
438 558 635 760 1,003 971 930 967 935 911 886 890 878
CWIP 15 14 114 100 2 2 1 12 9 2 16 13 54
Investments 11 11 11 17 14 13 12 10 23 25 35 119 1,121
1,514 2,104 2,240 2,065 2,367 2,862 3,685 3,424 3,652 3,801 4,644 4,895 3,675
Total Assets 1,978 2,687 2,999 2,942 3,386 3,849 4,627 4,413 4,619 4,739 5,581 5,917 5,728

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
170 -212 324 432 265 36 -115 1,212 384 561 -360 226
-58 -125 -231 -85 -202 -24 20 -54 -12 -206 206 -87
-116 388 -150 -335 -78 25 60 -1,148 -227 -322 5 -157
Net Cash Flow -3 51 -57 11 -15 36 -36 10 145 32 -149 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 37 38 17 27 28 35 19 18 25 19 21
Inventory Days 289 283 287 249 331 414 395 323 392 336 404 406
Days Payable 18 25 24 20 42 19 28 44 29 22 12 10
Cash Conversion Cycle 306 295 301 246 316 423 402 298 382 339 412 417
Working Capital Days 204 220 210 186 228 285 285 205 257 242 275 299
ROCE % 17% 20% 17% 19% 21% 23% 21% 21% 20% 15% 21% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.46% 59.80% 59.96% 59.98% 59.98% 59.98% 59.98% 60.17% 60.17% 60.17% 60.17% 60.17%
2.78% 2.56% 3.31% 4.05% 4.94% 4.68% 4.32% 3.73% 3.31% 3.49% 4.14% 4.34%
0.03% 0.15% 0.24% 0.03% 0.03% 0.06% 0.09% 0.12% 0.14% 0.20% 0.40% 0.30%
6.09% 6.09% 6.09% 6.09% 6.09% 6.09% 6.09% 6.26% 6.26% 6.26% 6.26% 6.26%
31.65% 31.40% 30.40% 29.86% 28.97% 29.19% 29.53% 29.72% 30.10% 29.88% 29.04% 28.92%
No. of Shareholders 64,27271,40970,27863,41360,35357,05563,62571,16377,91585,7971,12,2651,26,816

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

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