Kaveri Seed Company Ltd

Kaveri Seed Company Ltd

₹ 486 -0.28%
29 Mar - close price
About

Kaveri Seed Company is engaged into research, production, processing and marketing of various high quality hybrid seeds.

Key Points

Market Position
Incorporated in 1976 with an objective to fuel India’s green revolution, the Co. is now India’s largest agriculture seed production company specializing in Hybrid Seeds for key Indian field and vegetable crops. [1]

  • Market Cap 2,710 Cr.
  • Current Price 486
  • High / Low 629 / 415
  • Stock P/E 10.1
  • Book Value 271
  • Dividend Yield 0.82 %
  • ROCE 15.1 %
  • ROE 14.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Promoter holding has increased by 2.46% over last quarter.

Cons

  • The company has delivered a poor sales growth of 6.44% over past five years.
  • Tax rate seems low

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
98 52 748 83 100 55 682 76 102 55 732 84 123
92 64 469 70 93 67 488 73 93 67 492 81 112
Operating Profit 7 -12 279 13 7 -12 195 3 9 -12 240 4 11
OPM % 7% -23% 37% 16% 7% -23% 29% 4% 9% -22% 33% 4% 9%
8 32 24 11 8 5 16 16 7 5 8 8 33
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 6 5 5 5 5 5 5 5 5 4 5 5
Profit before tax 8 13 298 19 10 -13 206 14 11 -13 244 7 39
Tax % 26% 29% 2% -14% 23% -8% 2% 21% 17% -4% 1% 60% 3%
Net Profit 6 9 291 21 7 -14 202 11 9 -13 241 3 38
EPS in Rs 0.96 1.55 48.23 3.52 1.23 -2.38 33.44 1.91 1.56 -2.24 41.27 0.47 6.71
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
233 372 710 1,002 1,114 715 668 772 768 882 984 913 994
179 295 571 781 808 524 530 554 562 642 697 718 751
Operating Profit 54 77 139 220 307 191 138 218 206 240 287 195 243
OPM % 23% 21% 20% 22% 28% 27% 21% 28% 27% 27% 29% 21% 24%
1 -3 6 10 15 12 -25 24 43 47 48 44 54
Interest 4 3 2 0 0 0 0 0 0 0 0 0 0
Depreciation 10 10 11 14 12 25 28 23 21 24 21 20 20
Profit before tax 40 61 134 215 309 177 84 218 227 262 313 218 277
Tax % -5% 5% 3% 2% 2% 3% 7% 3% 5% 4% 3% 4%
Net Profit 42 58 130 211 302 172 78 210 215 251 305 209 268
EPS in Rs 6.20 8.48 18.96 30.65 43.81 24.95 11.36 31.83 34.01 41.65 50.61 35.82 46.21
Dividend Payout % 8% 9% 17% 16% 17% 10% 0% 9% 9% 7% 8% 11%
Compounded Sales Growth
10 Years: 9%
5 Years: 6%
3 Years: 6%
TTM: 9%
Compounded Profit Growth
10 Years: 11%
5 Years: 7%
3 Years: 0%
TTM: 29%
Stock Price CAGR
10 Years: 7%
5 Years: 0%
3 Years: 15%
1 Year: -10%
Return on Equity
10 Years: 23%
5 Years: 20%
3 Years: 20%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14 14 14 14 14 14 14 13 13 12 12 12 12
Reserves 176 228 333 505 746 922 1,010 1,008 1,000 970 1,250 1,283 1,506
28 22 3 1 1 2 2 2 2 2 2 1 1
158 325 519 502 386 417 491 429 522 601 699 568 464
Total Liabilities 376 589 869 1,022 1,146 1,354 1,517 1,452 1,537 1,584 1,962 1,863 1,982
105 94 133 135 152 195 194 183 234 244 241 237 233
CWIP 6 13 4 12 62 20 29 32 33 13 26 43 63
Investments 37 118 138 278 317 528 687 652 539 414 627 540 575
227 364 594 596 616 612 608 585 732 913 1,069 1,043 1,110
Total Assets 376 589 869 1,022 1,146 1,354 1,517 1,452 1,537 1,584 1,962 1,863 1,982

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
57 110 105 185 163 247 214 151 128 152 243 105
-47 -89 -54 -155 -102 -203 -145 65 90 113 -215 72
-26 -16 -47 -38 -61 -41 -59 -224 -223 -264 -25 -170
Net Cash Flow -15 5 4 -8 -1 3 10 -8 -5 1 3 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 57 28 35 23 32 32 38 30 31 37 27 29
Inventory Days 785 786 569 484 414 471 404 398 489 494 494 526
Days Payable 182 285 287 223 126 201 272 195 192 207 247 159
Cash Conversion Cycle 659 529 317 284 320 302 170 233 329 324 275 396
Working Capital Days 99 23 30 29 75 97 54 77 92 122 127 172
ROCE % 22% 29% 44% 48% 48% 21% 15% 21% 19% 22% 26% 15%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
55.52 55.52 55.52 55.52 55.52 55.52 57.28 57.44 57.44 57.44 57.44 59.90
21.01 20.22 17.55 12.65 14.38 14.92 13.41 17.58 17.61 17.68 15.03 16.45
10.74 10.77 11.03 12.24 12.48 10.99 10.81 6.69 6.95 7.45 6.44 6.86
12.73 13.49 14.44 18.13 16.16 17.11 16.99 16.79 16.50 15.94 19.60 15.22
0.00 0.00 1.46 1.46 1.46 1.46 1.50 1.51 1.50 1.50 1.50 1.57

* 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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Documents

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