Kaveri Seed Company Ltd

Kaveri Seed Company Ltd

₹ 684 0.60%
12 Apr 3:49 p.m.
About

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

Key Points

Market Position
It is one of the largest seed companies in India, with a strong R&D base for developing quality hybrids in key Indian crops. It has 125 plus high quality hybrids and varieties developed across field and vegetable crops. It is present in 12 Agro-Climatic zones of India which covers 18 states of India. [1]

  • Market Cap 3,522 Cr.
  • Current Price 684
  • High / Low 765 / 499
  • Stock P/E 12.4
  • Book Value 296
  • Dividend Yield 0.73 %
  • ROCE 17.1 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

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

Cons

  • The company has delivered a poor sales growth of 5.47% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
119 64 630 148 126 67 686 167 144 74 736 171 143
108 80 430 141 119 77 439 159 131 90 458 160 134
Operating Profit 10 -16 200 6 7 -11 247 9 13 -17 278 11 9
OPM % 9% -25% 32% 4% 6% -16% 36% 5% 9% -23% 38% 7% 6%
8 4 15 15 7 4 7 7 32 8 12 14 13
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 6 5 5 5 6 5 5 5 6 6 6 7
Profit before tax 12 -17 210 17 9 -12 249 11 40 -14 284 19 15
Tax % 24% -2% 2% 22% 19% 4% 2% 50% 4% -12% 3% 25% 25%
9 -18 205 13 7 -12 245 5 38 -16 275 14 11
EPS in Rs 1.51 -2.88 33.77 2.19 1.31 -2.02 41.81 0.91 6.81 -2.77 48.91 2.45 2.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
711 1,010 1,159 743 703 818 808 929 1,033 968 1,068 1,124
572 789 850 556 564 597 596 676 735 765 816 843
Operating Profit 139 221 310 188 140 222 212 253 298 203 252 281
OPM % 20% 22% 27% 25% 20% 27% 26% 27% 29% 21% 24% 25%
6 10 15 13 -25 24 43 46 46 41 55 46
Interest 2 0 0 0 0 1 1 0 1 0 0 0
Depreciation 12 16 15 27 30 25 23 26 22 21 21 24
Profit before tax 132 214 310 173 84 220 231 273 321 223 286 303
Tax % 3% 2% 3% 3% 8% 4% 6% 5% 3% 4% 5%
128 209 301 167 77 211 217 260 311 213 273 284
EPS in Rs 18.70 30.42 43.68 24.31 11.27 31.96 34.45 42.94 51.47 36.43 48.59 50.70
Dividend Payout % 17% 16% 17% 10% 0% 9% 9% 7% 8% 11% 8%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 5%
TTM: 6%
Compounded Profit Growth
10 Years: 5%
5 Years: 1%
3 Years: -1%
TTM: 3%
Stock Price CAGR
10 Years: 1%
5 Years: 7%
3 Years: 8%
1 Year: 32%
Return on Equity
10 Years: 22%
5 Years: 19%
3 Years: 19%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 13 13 12 12 12 11 11
Reserves 331 502 741 913 1,001 999 994 947 1,232 1,269 1,354 1,645
3 1 1 2 5 3 7 6 2 1 1 0
520 512 402 432 509 449 536 612 714 596 683 671
Total Liabilities 868 1,028 1,158 1,361 1,528 1,465 1,550 1,577 1,960 1,877 2,048 2,328
137 144 161 202 200 189 240 250 246 242 261 258
CWIP 8 12 62 20 34 37 38 18 31 43 133 155
Investments 132 278 295 506 657 623 510 384 599 517 562 792
590 595 641 633 637 615 763 925 1,085 1,075 1,092 1,124
Total Assets 868 1,028 1,158 1,361 1,528 1,465 1,550 1,577 1,960 1,877 2,048 2,328

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
110 193 145 246 218 148 128 192 252 110 297
-58 -162 -84 -202 -150 71 82 112 -217 66 -119
-47 -38 -61 -42 -56 -226 -219 -301 -29 -170 -176
Net Cash Flow 5 -8 -0 3 11 -7 -9 3 5 7 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 35 24 37 39 44 38 38 46 37 42 46
Inventory Days 568 484 411 462 399 386 483 485 486 517 464
Days Payable 288 223 128 198 270 192 188 203 242 156 150
Cash Conversion Cycle 316 284 320 304 174 233 334 329 281 403 360
Working Capital Days 27 24 74 96 56 75 95 126 130 175 123
ROCE % 48% 47% 21% 15% 21% 20% 24% 27% 16% 17%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.52% 57.28% 57.44% 57.44% 57.44% 57.44% 59.90% 59.90% 59.90% 59.90% 59.90% 60.50%
14.92% 13.41% 17.58% 17.61% 17.68% 15.03% 16.45% 16.54% 16.29% 16.29% 17.69% 17.25%
10.99% 10.81% 6.69% 6.95% 7.45% 6.44% 6.86% 6.80% 6.76% 6.76% 4.58% 4.83%
17.11% 16.99% 16.79% 16.50% 15.94% 19.60% 15.22% 15.18% 15.58% 15.58% 16.36% 15.83%
1.46% 1.50% 1.51% 1.50% 1.50% 1.50% 1.57% 1.56% 1.46% 1.46% 1.46% 1.58%
No. of Shareholders 52,98665,44768,17467,28660,79170,40560,03657,57456,82956,82949,17451,691

* 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

Concalls