TBI Corn Ltd
Incorporated in 2000, TBI Corn Ltd is
a manufacturer and exporter of corn-
based products[1]
- Market Cap ₹ 324 Cr.
- Current Price ₹ 178
- High / Low ₹ 399 / 166
- Stock P/E 29.6
- Book Value ₹ 52.5
- Dividend Yield 0.00 %
- ROCE 24.6 %
- ROE 33.9 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 9m | Mar 2024 | TTM | |
|---|---|---|---|
| 115 | 158 | 182 | |
| 105 | 140 | 161 | |
| Operating Profit | 11 | 18 | 20 |
| OPM % | 9% | 11% | 11% |
| 1 | 1 | 1 | |
| Interest | 2 | 4 | 5 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 8 | 14 | 15 |
| Tax % | 27% | 26% | |
| 6 | 10 | 11 | |
| EPS in Rs | 11,125.00 | 7.55 | 6.70 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
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| 3 Years: | % |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
|---|---|
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| Last Year: | 34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|
| Equity Capital | 0.01 | 13 | 18 |
| Reserves | 17 | 29 | 77 |
| 40 | 46 | 42 | |
| 20 | 13 | 8 | |
| Total Liabilities | 77 | 102 | 146 |
| 7 | 8 | 12 | |
| CWIP | 0 | 6 | 10 |
| Investments | 0 | 0 | 0 |
| 70 | 88 | 125 | |
| Total Assets | 77 | 102 | 146 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | |
|---|---|---|
| -17 | -3 | |
| -8 | -8 | |
| 25 | 11 | |
| Net Cash Flow | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Debtor Days | 67 | 72 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 67 | 72 |
| Working Capital Days | 159 | 172 |
| ROCE % | 25% |
Documents
Announcements
-
Financial Result Updates
30 October 2024 - TBI Corn Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Statement of deviation(s) or variation(s) under Reg. 32
30 October 2024 - TBI Corn Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
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Related Party Transactions
30 October 2024 - TBI Corn Limited has informed about related Party Transactions for the Half Year Ended on 30th September 2024
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Board Meeting Intimation
24 October 2024 - TBI CORN LIMITED has informed about Board Meeting to be held on 30-Oct-2024 to inter-alia consider and approve the Unaudited Financial results of the Company …
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
16 October 2024 - TBI Corn Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q2 FY 2024-25
Business Overview:[1][2][3]
a) TBICL is an ISO 22000:2018 certified manufacturer and seller of corn products
b) The products are manufactured without chemical additives or preservatives and are GMO-free.
c) Company sources the highest quality raw maize from Northern Karnataka and Andhra Pradesh, which accounts for 38% of India’s total Maize cultivation.