KRBL Ltd

KRBL Ltd

₹ 328 -3.19%
18 May 4:00 p.m.
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]

  • Market Cap 7,512 Cr.
  • Current Price 328
  • High / Low 495 / 275
  • Stock P/E 11.6
  • Book Value 253
  • Dividend Yield 1.06 %
  • ROCE 15.2 %
  • ROE 11.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 8.84% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Dividend payout has been low at 10.7% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,280 1,414 1,214 1,438 1,318 1,199 1,270 1,682 1,442 1,584 1,511 1,477 1,526
1,137 1,163 1,020 1,260 1,140 1,082 1,148 1,487 1,219 1,392 1,285 1,248 1,296
Operating Profit 144 252 194 178 178 117 122 195 224 193 226 229 229
OPM % 11% 18% 16% 12% 14% 10% 10% 12% 16% 12% 15% 15% 15%
43 27 33 28 9 22 36 8 11 32 30 25 8
Interest 8 1 1 7 14 5 1 1 8 1 1 1 4
Depreciation 19 20 20 20 20 20 20 20 21 22 23 23 23
Profit before tax 160 257 207 179 153 114 138 182 207 201 232 229 210
Tax % 26% 24% 26% 25% 25% 24% 25% 27% 25% 25% 26% 26% 26%
118 195 153 134 114 86 103 133 154 150 172 170 155
EPS in Rs 5.00 8.27 6.69 5.84 4.97 3.78 4.48 5.79 6.74 6.58 7.52 7.42 6.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,059 3,345 3,144 3,246 4,120 4,499 3,992 4,211 5,365 5,385 5,594 6,098
2,571 2,895 2,495 2,467 3,269 3,627 3,168 3,548 4,426 4,582 4,920 5,196
Operating Profit 488 450 649 779 850 872 824 663 939 802 674 902
OPM % 16% 13% 21% 24% 21% 19% 21% 16% 18% 15% 12% 15%
-1 92 6 40 15 22 22 42 92 97 61 70
Interest 81 67 55 69 68 62 24 13 15 24 15 8
Depreciation 53 50 61 68 64 73 72 74 76 79 81 91
Profit before tax 353 425 539 682 733 759 751 618 941 795 640 873
Tax % 20% 23% 26% 32% 31% 26% 25% 26% 26% 25% 26% 26%
281 327 401 462 503 559 560 460 701 595 476 648
EPS in Rs 11.93 13.91 17.04 19.62 21.38 23.77 23.80 19.54 29.77 26.01 20.79 28.30
Dividend Payout % 14% 14% 12% 12% 12% 12% 15% 18% 3% 15% 17% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 4%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: 3%
3 Years: -3%
TTM: 36%
Stock Price CAGR
10 Years: 2%
5 Years: 8%
3 Years: -6%
1 Year: 5%
Return on Equity
10 Years: 15%
5 Years: 12%
3 Years: 11%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 24 24 24 24 24 24 24 24 24 23 23 23
Reserves 1,235 1,437 1,848 2,256 2,694 3,095 3,662 4,040 4,661 4,826 5,208 5,773
1,351 1,167 1,090 1,245 1,428 572 369 145 250 545 407 170
389 314 424 324 481 723 565 531 647 523 578 620
Total Liabilities 2,999 2,942 3,386 3,849 4,627 4,413 4,619 4,739 5,581 5,917 6,215 6,586
635 760 1,003 971 930 967 935 911 886 890 909 1,319
CWIP 114 100 2 2 1 12 9 2 16 13 21 14
Investments 11 17 14 13 12 10 23 25 35 119 355 864
2,240 2,065 2,367 2,862 3,685 3,424 3,652 3,801 4,644 4,895 4,931 4,389
Total Assets 2,999 2,942 3,386 3,849 4,627 4,413 4,619 4,739 5,581 5,917 6,215 6,586

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
324 432 265 36 -115 1,212 384 561 -360 223 960
-231 -85 -202 -24 20 -54 -12 -206 206 -85 -523
-150 -335 -78 25 60 -1,148 -227 -322 5 -157 -252
Net Cash Flow -57 11 -15 36 -36 10 145 32 -149 -18 186
Free Cash Flow 92 260 64 -1 -137 1,182 343 520 -419 141 865
CFO/OP 82% 117% 58% 29% 12% 161% 71% 111% -11% 54% 163%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 38 17 27 28 35 19 18 25 19 21 31 28
Inventory Days 287 249 331 414 395 323 392 336 404 425 358 307
Days Payable 24 20 42 19 28 44 29 22 12 12 14 11
Cash Conversion Cycle 301 246 316 423 402 298 382 339 412 434 375 323
Working Capital Days 86 89 116 154 163 167 228 234 260 264 234 266
ROCE % 17% 19% 21% 23% 21% 21% 20% 15% 21% 16% 12% 15%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Basmati Export Realization
INR/MT

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India Modern Trade Market Share (Basmati)
%
Milling Capacity
Metric Tonnes per Hour (MT/Hr)
Processing/Grading Capacity
Metric Tonnes per Hour (MT/Hr)
Domestic Retail Reach (Outlets)
Number
Rice Sales Volume
Lakh Tonnes
India General Trade Market Share (Basmati)
%
Number of Distributors
Number
Paddy Inventory Volume (Closing)
Metric Tonnes
Rice Inventory Volume (Closing)
Metric Tonnes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.98% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17% 60.17%
4.32% 3.73% 3.31% 3.49% 4.14% 4.34% 5.34% 5.13% 6.72% 6.54% 7.56% 7.76%
0.09% 0.12% 0.14% 0.20% 0.40% 0.30% 0.27% 0.39% 0.62% 0.68% 0.67% 0.71%
6.09% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26% 6.26%
29.53% 29.72% 30.10% 29.88% 29.04% 28.93% 27.95% 28.05% 26.23% 26.34% 25.33% 25.10%
No. of Shareholders 63,62571,16377,91585,7971,12,2651,26,8161,18,2981,15,02993,59092,75385,43785,873

* 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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