KRBL Ltd
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)
- Market Cap ₹ 7,038 Cr.
- Current Price ₹ 308
- High / Low ₹ 495 / 226
- Stock P/E 10.9
- Book Value ₹ 239
- Dividend Yield 1.14 %
- ROCE 11.8 %
- ROE 9.43 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 4.45% over past five years.
- Company has a low return on equity of 12.5% over last 3 years.
- Dividend payout has been low at 11.9% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,763 | 3,059 | 3,345 | 3,144 | 3,246 | 4,120 | 4,499 | 3,992 | 4,211 | 5,365 | 5,385 | 5,594 | 6,015 | |
| 2,359 | 2,571 | 2,895 | 2,495 | 2,467 | 3,269 | 3,627 | 3,168 | 3,548 | 4,426 | 4,582 | 4,920 | 5,143 | |
| Operating Profit | 403 | 488 | 450 | 649 | 779 | 850 | 872 | 824 | 663 | 939 | 802 | 674 | 871 |
| OPM % | 15% | 16% | 13% | 21% | 24% | 21% | 19% | 21% | 16% | 18% | 15% | 12% | 14% |
| 67 | -1 | 92 | 6 | 40 | 15 | 22 | 22 | 42 | 92 | 97 | 61 | 98 | |
| Interest | 76 | 81 | 67 | 55 | 69 | 68 | 62 | 24 | 13 | 15 | 24 | 15 | 12 |
| Depreciation | 58 | 53 | 50 | 61 | 68 | 64 | 73 | 72 | 74 | 76 | 79 | 81 | 89 |
| Profit before tax | 337 | 353 | 425 | 539 | 682 | 733 | 759 | 751 | 618 | 941 | 795 | 640 | 869 |
| Tax % | 21% | 20% | 23% | 26% | 32% | 31% | 26% | 25% | 26% | 26% | 25% | 26% | |
| 265 | 281 | 327 | 401 | 462 | 503 | 559 | 560 | 460 | 701 | 595 | 476 | 647 | |
| EPS in Rs | 11.27 | 11.93 | 13.91 | 17.04 | 19.62 | 21.38 | 23.77 | 23.80 | 19.54 | 29.77 | 26.01 | 20.79 | 28.26 |
| Dividend Payout % | 11% | 14% | 14% | 12% | 12% | 12% | 12% | 15% | 18% | 3% | 15% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 10% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -3% |
| 3 Years: | 1% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 11% |
| 3 Years: | -4% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 23 | 23 |
| Reserves | 996 | 1,235 | 1,437 | 1,848 | 2,256 | 2,694 | 3,095 | 3,662 | 4,040 | 4,661 | 4,826 | 5,208 | 5,450 |
| 1,380 | 1,351 | 1,167 | 1,090 | 1,245 | 1,428 | 572 | 369 | 145 | 250 | 545 | 407 | 71 | |
| 288 | 389 | 314 | 424 | 324 | 481 | 723 | 565 | 531 | 647 | 523 | 578 | 703 | |
| Total Liabilities | 2,687 | 2,999 | 2,942 | 3,386 | 3,849 | 4,627 | 4,413 | 4,619 | 4,739 | 5,581 | 5,917 | 6,215 | 6,247 |
| 558 | 635 | 760 | 1,003 | 971 | 930 | 967 | 935 | 911 | 886 | 890 | 909 | 913 | |
| CWIP | 14 | 114 | 100 | 2 | 2 | 1 | 12 | 9 | 2 | 16 | 13 | 21 | 36 |
| Investments | 11 | 11 | 17 | 14 | 13 | 12 | 10 | 23 | 25 | 35 | 119 | 355 | 1,801 |
| 2,104 | 2,240 | 2,065 | 2,367 | 2,862 | 3,685 | 3,424 | 3,652 | 3,801 | 4,644 | 4,895 | 4,931 | 3,496 | |
| Total Assets | 2,687 | 2,999 | 2,942 | 3,386 | 3,849 | 4,627 | 4,413 | 4,619 | 4,739 | 5,581 | 5,917 | 6,215 | 6,247 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -212 | 324 | 432 | 265 | 36 | -115 | 1,212 | 384 | 561 | -360 | 226 | 960 | |
| -125 | -231 | -85 | -202 | -24 | 20 | -54 | -12 | -206 | 206 | -87 | -523 | |
| 388 | -150 | -335 | -78 | 25 | 60 | -1,148 | -227 | -322 | 5 | -157 | -252 | |
| Net Cash Flow | 51 | -57 | 11 | -15 | 36 | -36 | 10 | 145 | 32 | -149 | -18 | 186 |
| Free Cash Flow | -388 | 92 | 260 | 64 | -1 | -137 | 1,182 | 343 | 520 | -419 | 141 | 865 |
| CFO/OP | -35% | 82% | 117% | 58% | 29% | 12% | 161% | 71% | 111% | -11% | 55% | 163% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 37 | 38 | 17 | 27 | 28 | 35 | 19 | 18 | 25 | 19 | 21 | 31 |
| Inventory Days | 283 | 287 | 249 | 331 | 414 | 395 | 323 | 392 | 336 | 404 | 406 | 358 |
| Days Payable | 25 | 24 | 20 | 42 | 19 | 28 | 44 | 29 | 22 | 12 | 10 | 14 |
| Cash Conversion Cycle | 295 | 301 | 246 | 316 | 423 | 402 | 298 | 382 | 339 | 412 | 417 | 375 |
| Working Capital Days | 73 | 86 | 89 | 116 | 154 | 163 | 167 | 228 | 234 | 260 | 264 | 234 |
| ROCE % | 20% | 17% | 19% | 21% | 23% | 21% | 21% | 20% | 15% | 21% | 16% | 12% |
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) % |
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| Milling Capacity Metric Tonnes per Hour (MT/Hr) |
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| Processing/Grading Capacity Metric Tonnes per Hour (MT/Hr) |
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| Domestic Retail Reach (Outlets) Number |
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| Rice Sales Volume Lakh Tonnes |
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| India General Trade Market Share (Basmati) % |
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| Number of Distributors Number |
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| Paddy Inventory Volume (Closing) Metric Tonnes |
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| Rice Inventory Volume (Closing) Metric Tonnes |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended March 31, 2026.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
31 Mar - Assistant Commissioner GST order (30-Mar-2026): tax Rs.4,57,390 and penalty Rs.28,80,315; company to appeal.
- Closure of Trading Window 25 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Mar
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
Concalls
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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]