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 ₹ 9,189 Cr.
- Current Price ₹ 401
- High / Low ₹ 453 / 275
- Stock P/E 10.9
- Book Value ₹ 272
- Dividend Yield 1.12 %
- 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.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,059 | 3,345 | 3,144 | 3,246 | 4,120 | 4,499 | 3,992 | 4,211 | 5,365 | 5,385 | 5,594 | 6,098 | 6,226 | |
| Sales growth | +11% | +9% | -6% | +3% | +27% | +9% | -11% | +5% | +27% | +0% | +4% | +9% | +0% |
| 2,571 | 2,895 | 2,495 | 2,467 | 3,269 | 3,627 | 3,168 | 3,548 | 4,426 | 4,582 | 4,920 | 5,196 | 5,128 | |
| Operating Profit | 488 | 450 | 649 | 779 | 850 | 872 | 824 | 663 | 939 | 802 | 674 | 902 | 1,098 |
| OPM % | 16% | 13% | 21% | 24% | 21% | 19% | 21% | 16% | 18% | 15% | 12% | 15% | 18% |
| -1 | 92 | 6 | 40 | 15 | 22 | 22 | 42 | 92 | 97 | 61 | 70 | 138 | |
| Interest | 81 | 67 | 55 | 69 | 68 | 62 | 24 | 13 | 15 | 24 | 15 | 8 | 7 |
| Depreciation | 53 | 50 | 61 | 68 | 64 | 73 | 72 | 74 | 76 | 79 | 81 | 91 | 93 |
| Profit before tax | 353 | 425 | 539 | 682 | 733 | 759 | 751 | 618 | 941 | 795 | 640 | 873 | 1,135 |
| 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 | 845 | |
| 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 | 36.91 |
| Dividend Payout % | 14% | 14% | 12% | 12% | 12% | 12% | 15% | 18% | 3% | 15% | 17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 4% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 3% |
| 3 Years: | -3% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 2% |
| 1 Year: | 7% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 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 | 6,195 |
| 1,351 | 1,167 | 1,090 | 1,245 | 1,428 | 572 | 369 | 145 | 250 | 545 | 407 | 170 | 33 | |
| 389 | 314 | 424 | 324 | 481 | 723 | 565 | 531 | 647 | 523 | 578 | 620 | 914 | |
| 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 | 7,165 |
| 635 | 760 | 1,003 | 971 | 930 | 967 | 935 | 911 | 886 | 890 | 909 | 1,319 | 1,331 | |
| CWIP | 114 | 100 | 2 | 2 | 1 | 12 | 9 | 2 | 16 | 13 | 21 | 14 | 35 |
| Investments | 11 | 17 | 14 | 13 | 12 | 10 | 23 | 25 | 35 | 119 | 355 | 864 | 2,890 |
| 2,240 | 2,065 | 2,367 | 2,862 | 3,685 | 3,424 | 3,652 | 3,801 | 4,644 | 4,895 | 4,931 | 4,389 | 2,909 | |
| 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 | 7,165 |
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 | 932 | |
| -231 | -85 | -202 | -24 | 20 | -54 | -12 | -206 | 206 | -85 | -549 | -298 | |
| -150 | -335 | -78 | 25 | 60 | -1,148 | -227 | -322 | 5 | -157 | -252 | -353 | |
| Net Cash Flow | -57 | 11 | -15 | 36 | -36 | 10 | 145 | 32 | -149 | -18 | 160 | 280 |
| Free Cash Flow | 92 | 260 | 64 | -1 | -137 | 1,182 | 343 | 520 | -419 | 141 | 865 | 866 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 82% | 117% | 58% | 29% | 12% | 161% | 71% | 111% | -11% | 54% | 163% | 130% |
Ratios
Standalone / 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 | 329 |
| Days Payable | 24 | 20 | 42 | 19 | 28 | 44 | 29 | 22 | 12 | 12 | 14 | 12 |
| Cash Conversion Cycle | 301 | 246 | 316 | 423 | 402 | 298 | 382 | 339 | 412 | 434 | 375 | 344 |
| Working Capital Days | 86 | 89 | 116 | 154 | 163 | 167 | 228 | 234 | 260 | 264 | 234 | 215 |
| ROCE % | 17% | 19% | 21% | 23% | 21% | 21% | 20% | 15% | 21% | 16% | 12% | 15% |
Insights
In beta| Mar 2018 | Aug 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Market Share - General Trade (India Packaged Basmati Rice) % |
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| Distributors Network (India) number |
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| Market Share - Modern Trade (India Packaged Basmati Rice) % |
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| Urban Indian Households Reach (India Gate brand) million |
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| Market Share - E-commerce (India Packaged Basmati Rice) % |
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| Paddy Inventory Volume 000 MT |
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| Retail Outlets Reach (India) number |
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| Rice Inventory Volume 000 MT |
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Extracted by Screener AI
Documents
Announcements
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Media Interaction Of Mr. Ashish Jain, Chief Financial Officer Of The Company With NDTV Profit
- CFO Ashish Jain held NDTV Profit media interaction on KRBL’s Q2 results on November 3, 2026.
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Media Interaction Of Mr. Ashish Jain, Chief Financial Officer Of The Company With ET NOW
- CFO Ashish Jain held ET NOW interaction on KRBL's Q2 results on November 3, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of KRBL's Q2 and H1 FY27 earnings conference call uploaded.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication for the Unaudited Financial Results for the second quarter and half year ended September 30, 2026.
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Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
- Anil Kumar Goel group raised KRBL stake to 5.018% via open-market purchase.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
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Concalls
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Nov 2026PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Sep 2025Transcript
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Aug 2025Transcript PPT REC
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May 2025PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Jul 2024PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023PPT REC
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022PPT
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Nov 2021Transcript PPT
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Aug 2021PPT
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Jul 2021Transcript PPT
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Feb 2021PPT
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Feb 2021PPT
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Feb 2021PPT
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Dec 2020Transcript
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Nov 2020Transcript PPT
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Sep 2020Transcript
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Sep 2020Transcript PPT
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Jun 2020Transcript PPT
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May 2020Transcript
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May 2020Transcript
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Feb 2020Transcript PPT
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Nov 2019Transcript
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Nov 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Feb 2019PPT
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Feb 2019Transcript PPT
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Oct 2018PPT
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May 2018PPT
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Mar 2018PPT
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]