Kaveri Seed Company Ltd

Kaveri Seed Company Ltd

₹ 1,402 -2.85%
11 Jun 1:54 p.m.
About

Incorporated in 1976, Kaveri Seed Company
Ltd is in the business of research, production, processing and marketing of various high quality hybrid seeds[1]

Key Points

Business Overview:[1][2]
[3]
a) KSCL is in the business of developing and distributing hybrid seeds.
b) It focuses on producing seeds
for various essential crops and vegetables.
c) Company is involved in both B2C and B2B markets and serves various customers, including farmers, retailers, and distributors, through its domestic and export business
d) The company conducts research in
diverse agro-climatic zones across the nation
through advanced biotechnological methods.
e) It develops seeds that not only yield higher crop output but also adapt effectively
to local environmental conditions
f) It has 125 plus high-quality hybrids
and varieties developed across the field
and vegetable crops
f) It is present in 12 Agro-Climatic zones
of India, which cover 18 states of India

  • Market Cap 7,214 Cr.
  • Current Price 1,402
  • High / Low 1,602 / 803
  • Stock P/E 27.2
  • Book Value 287
  • Dividend Yield 0.35 %
  • ROCE 21.1 %
  • ROE 19.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 21.8 to 15.6 days.

Cons

  • The company has delivered a poor sales growth of 4.93% over past five years.
  • Tax rate seems low
  • Working capital days have increased from 160 days to 286 days

* 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 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
55 732 84 123 61 767 96 118 81 808 82 155 77
67 492 81 112 76 501 91 110 91 525 88 142 92
Operating Profit -12 240 4 11 -15 267 6 9 -11 283 -6 13 -15
OPM % -22% 33% 4% 9% -25% 35% 6% 7% -13% 35% -8% 8% -20%
5 8 8 33 9 12 14 13 26 10 13 12 13
Interest 0 0 0 0 0 0 0 0 0 0 0 0 9
Depreciation 5 4 5 5 5 5 6 7 8 7 7 8 15
Profit before tax -13 244 7 39 -12 274 14 16 7 286 -0 17 -26
Tax % 4% 1% 60% 3% 15% 2% 23% 25% 60% 1% 659% 11% 14%
-13 241 3 38 -14 268 11 12 3 283 -3 15 -29
EPS in Rs -2.24 41.27 0.47 6.71 -2.48 47.90 1.92 2.09 0.54 55.00 -0.68 2.92 -5.69
Raw PDF

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
1,002 1,114 715 668 772 768 882 984 913 998 1,062 1,122
781 808 524 530 554 562 642 697 718 759 792 847
Operating Profit 220 307 191 138 218 206 240 287 195 240 270 274
OPM % 22% 28% 27% 21% 28% 27% 27% 29% 21% 24% 25% 24%
10 15 12 -25 24 43 47 48 44 57 66 49
Interest 0 0 0 0 0 0 0 0 0 0 0 9
Depreciation 14 12 25 28 23 21 24 21 20 20 26 37
Profit before tax 215 309 177 84 218 227 262 313 218 277 310 276
Tax % 2% 2% 3% 7% 3% 5% 4% 3% 4% 4% 6% 4%
211 302 172 78 210 215 251 305 209 267 293 265
EPS in Rs 30.65 43.81 24.95 11.36 31.83 34.01 41.65 50.61 35.82 47.75 56.96 51.56
Dividend Payout % 16% 17% 10% 0% 9% 9% 7% 8% 11% 8% 9% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 5%
3 Years: 7%
TTM: 6%
Compounded Profit Growth
10 Years: -1%
5 Years: 4%
3 Years: 13%
TTM: 3%
Stock Price CAGR
10 Years: 6%
5 Years: 23%
3 Years: 38%
1 Year: 55%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 18%
Last Year: 20%

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
Equity Capital 14 14 14 14 13 13 12 12 12 11 10 10
Reserves 505 746 922 1,010 1,008 1,000 970 1,250 1,283 1,362 1,222 1,464
1 1 2 2 2 2 2 2 1 1 0 0
502 386 417 491 429 522 601 699 568 631 778 1,117
Total Liabilities 1,022 1,146 1,354 1,517 1,452 1,537 1,584 1,962 1,863 2,005 2,011 2,591
135 152 195 194 183 234 244 241 237 256 289 407
CWIP 12 62 20 29 32 33 13 26 43 128 128 79
Investments 278 317 528 687 652 539 414 627 540 587 503 622
596 616 612 608 585 732 913 1,069 1,043 1,034 1,090 1,483
Total Assets 1,022 1,146 1,354 1,517 1,452 1,537 1,584 1,962 1,863 2,005 2,011 2,591

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
185 163 247 214 151 128 152 243 105 291 387 180
-155 -102 -203 -145 65 90 113 -215 72 -115 45 -157
-38 -61 -41 -59 -224 -223 -264 -25 -170 -177 -428 -26
Net Cash Flow -8 -1 3 10 -8 -5 1 3 7 -1 4 -2

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 23 32 32 38 30 31 37 27 29 29 21 16
Inventory Days 484 414 471 404 398 489 494 494 523 468 476 624
Days Payable 223 126 201 272 195 192 207 247 159 146 159 291
Cash Conversion Cycle 284 320 302 170 233 329 324 275 394 351 338 348
Working Capital Days 29 75 97 54 77 92 122 127 172 120 73 286
ROCE % 48% 48% 21% 15% 21% 19% 22% 26% 15% 16% 24% 21%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
57.44% 57.44% 59.90% 59.90% 59.90% 59.90% 59.90% 60.50% 60.50% 60.50% 60.50% 60.50%
17.68% 15.03% 16.45% 16.54% 16.29% 16.29% 17.69% 17.22% 18.97% 19.84% 19.51% 20.41%
7.45% 6.44% 6.86% 6.80% 6.76% 6.76% 4.58% 4.83% 4.98% 3.77% 3.55% 2.91%
15.94% 19.60% 15.22% 15.18% 15.58% 15.58% 16.36% 15.87% 14.97% 15.31% 15.86% 15.59%
1.50% 1.50% 1.57% 1.56% 1.46% 1.46% 1.46% 1.58% 0.59% 0.58% 0.58% 0.58%
No. of Shareholders 60,79170,40560,03657,57456,82956,82949,17452,44749,07456,65257,45754,560

* 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.

Click on the line-items to see the names of individual entities.

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