Kaveri Seed Company Ltd

Kaveri Seeds is a key stakeholder in fueling Green Revolution that begins with the seed, the most decisive input in agriculture.

Pros:
Company has reduced debt.
Company is virtually debt free.
Company is expected to give good quarter
Promoter's stake has increased
Company has a good return on equity (ROE) track record: 3 Years ROE 17.83%
Cons:
The company has delivered a poor growth of 2.82% over past five years.
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Miscellaneous // Industry: Miscellaneous

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2018 Mar 2019 Jun 2019
39 827 204 91 40 664 93 92 44 579 53 628
33 594 171 55 31 438 139 79 49 374 59 392
Operating Profit 6 232 33 36 8 226 -45 13 -5 204 -6 236
OPM % 15% 28% 16% 40% 21% 34% -48% 14% -11% 35% -11% 38%
Other Income 2 4 5 3 5 2 5 4 6 17 3 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 2 2 2 8 6 6 8 7 6 7 6
Profit before tax 3 234 35 36 5 222 -46 9 -7 215 -9 234
Tax % 42% 1% 5% 1% 80% 1% -4% -1% -18% 2% -18% 2%
Net Profit 2 230 34 36 1 218 -48 9 -7 210 -11 230
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
711 1,010 1,159 743 703 817
572 789 850 556 564 596
Operating Profit 139 221 309 188 139 222
OPM % 20% 22% 27% 25% 20% 27%
Other Income 6 10 16 13 -24 24
Interest 2 0 0 0 0 1
Depreciation 12 16 15 27 30 25
Profit before tax 132 214 310 173 84 220
Tax % 3% 2% 3% 3% 8% 4%
Net Profit 128 209 301 168 78 211
EPS in Rs 18.16 29.58 42.17 24.31 11.27 31.96
Dividend Payout % 17% 16% 17% 10% 0% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:2.82%
3 Years:-10.99%
TTM:16.27%
Compounded Profit Growth
10 Years:%
5 Years:10.48%
3 Years:-10.24%
TTM:63.26%
Return on Equity
10 Years:%
5 Years:25.53%
3 Years:17.83%
Last Year:20.56%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
14 14 14 14 14 13
Reserves 330 501 740 913 1,001 999
Borrowings 3 1 1 2 5 3
520 512 403 432 509 433
Total Liabilities 868 1,028 1,158 1,361 1,528 1,449
137 144 161 202 200 189
CWIP 8 12 62 20 34 37
Investments 132 278 295 506 657 605
590 595 641 633 637 616
Total Assets 868 1,028 1,158 1,361 1,528 1,449

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
110 193 145 246 218 151
-58 -162 -84 -202 -150 68
-47 -38 -61 -42 -56 -226
Net Cash Flow 5 -8 -0 3 11 -7

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 48% 47% 21% 15% 21%
Debtor Days 35 24 37 39 44 38
Inventory Turnover 2.04 2.34 1.49 1.48 1.84