Kaveri Seed Company Ltd
Incorporated in 1976, Kaveri Seed Company
Ltd is in the business of research, production, processing and marketing of various high quality hybrid seeds[1]
- Market Cap ₹ 3,678 Cr.
- Current Price ₹ 715
- High / Low ₹ 1,097 / 685
- Stock P/E 14.7
- Book Value ₹ 342
- Dividend Yield 0.70 %
- ROCE 15.8 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 6.14% over past five years.
- Tax rate seems low
- Working capital days have increased from 117 days to 171 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,159 | 743 | 703 | 818 | 808 | 929 | 1,033 | 968 | 1,068 | 1,146 | 1,202 | 1,392 | 1,279 | |
| 850 | 556 | 564 | 597 | 596 | 676 | 735 | 765 | 816 | 860 | 911 | 1,055 | 986 | |
| Operating Profit | 310 | 188 | 140 | 222 | 212 | 253 | 298 | 203 | 252 | 286 | 291 | 337 | 293 |
| OPM % | 27% | 25% | 20% | 27% | 26% | 27% | 29% | 21% | 24% | 25% | 24% | 24% | 23% |
| 15 | 13 | -25 | 24 | 43 | 46 | 46 | 41 | 55 | 63 | 46 | 29 | 23 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 15 | 27 | 30 | 25 | 23 | 26 | 22 | 21 | 21 | 28 | 40 | 60 | 60 |
| Profit before tax | 310 | 173 | 84 | 220 | 231 | 273 | 321 | 223 | 286 | 321 | 297 | 306 | 255 |
| Tax % | 3% | 3% | 8% | 4% | 6% | 5% | 3% | 4% | 5% | 7% | 5% | 3% | |
| 301 | 167 | 77 | 211 | 217 | 260 | 311 | 213 | 273 | 300 | 282 | 296 | 249 | |
| EPS in Rs | 43.68 | 24.31 | 11.27 | 31.96 | 34.45 | 42.94 | 51.47 | 36.43 | 48.59 | 58.08 | 54.69 | 57.51 | 48.52 |
| Dividend Payout % | 17% | 10% | 0% | 9% | 9% | 7% | 8% | 11% | 8% | 9% | 9% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 9% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -3% |
| 3 Years: | 4% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 6% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 13 | 13 | 12 | 12 | 12 | 11 | 10 | 10 | 10 |
| Reserves | 741 | 913 | 1,001 | 999 | 994 | 947 | 1,232 | 1,269 | 1,354 | 1,222 | 1,489 | 1,746 |
| 1 | 2 | 5 | 3 | 7 | 6 | 2 | 1 | 1 | 0 | 0 | 0 | |
| 402 | 432 | 509 | 449 | 536 | 612 | 714 | 596 | 683 | 815 | 1,150 | 997 | |
| Total Liabilities | 1,158 | 1,361 | 1,528 | 1,465 | 1,550 | 1,577 | 1,960 | 1,877 | 2,048 | 2,048 | 2,649 | 2,754 |
| 161 | 202 | 200 | 189 | 240 | 250 | 246 | 242 | 261 | 297 | 417 | 432 | |
| CWIP | 62 | 20 | 34 | 37 | 38 | 18 | 31 | 43 | 133 | 134 | 90 | 130 |
| Investments | 295 | 506 | 657 | 623 | 510 | 384 | 599 | 517 | 562 | 476 | 613 | 401 |
| 641 | 633 | 637 | 615 | 763 | 925 | 1,085 | 1,075 | 1,092 | 1,140 | 1,529 | 1,791 | |
| Total Assets | 1,158 | 1,361 | 1,528 | 1,465 | 1,550 | 1,577 | 1,960 | 1,877 | 2,048 | 2,048 | 2,649 | 2,754 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 145 | 246 | 218 | 148 | 128 | 192 | 252 | 110 | 297 | 389 | 197 | -6 | |
| -84 | -202 | -150 | 71 | 82 | 112 | -217 | 66 | -119 | 38 | -183 | 92 | |
| -61 | -42 | -56 | -226 | -219 | -301 | -29 | -170 | -176 | -425 | -18 | -64 | |
| Net Cash Flow | -0 | 3 | 11 | -7 | -9 | 3 | 5 | 7 | 1 | 3 | -3 | 21 |
| Free Cash Flow | 63 | 221 | 175 | 134 | 59 | 141 | 213 | 63 | 187 | 289 | 108 | -155 |
| CFO/OP | 47% | 131% | 156% | 67% | 66% | 81% | 88% | 59% | 129% | 142% | 76% | 7% |
Ratios
Consolidated / View Standalone
| 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 | 37 | 39 | 44 | 38 | 38 | 46 | 37 | 42 | 46 | 36 | 28 | 29 |
| Inventory Days | 411 | 462 | 399 | 386 | 483 | 485 | 486 | 517 | 464 | 467 | 613 | 608 |
| Days Payable | 128 | 198 | 270 | 192 | 188 | 203 | 242 | 156 | 150 | 155 | 286 | 241 |
| Cash Conversion Cycle | 320 | 304 | 174 | 233 | 334 | 329 | 281 | 403 | 360 | 347 | 354 | 396 |
| Working Capital Days | 74 | 96 | 56 | 75 | 95 | 126 | 130 | 175 | 123 | 80 | 99 | 171 |
| ROCE % | 47% | 21% | 15% | 21% | 20% | 24% | 27% | 16% | 17% | 22% | 20% | 16% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cotton seed sales volume Lakh Packets ・Standalone data |
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| Hybrid rice seed sales volume MT ・Standalone data |
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| Maize seed sales volume MT ・Standalone data |
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| Vegetable seed sales volume MT ・Standalone data |
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| Cotton new product contribution to volumes % ・Standalone data |
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| Export revenue Rs Crore |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 39th AGM voting results filed; all resolutions approved on 29 September 2026, including dividend and director reappointments.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Closure of Trading Window
- Trading window closed from 1 October 2026 until 48 hours after Q2 FY2026 results.
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Intimation Of Receipt Of Notice Of Hearing From The Income Tax Appellate Tribunal, Hyderabad Benches
- Kaveri Seed received ITAT hearing notice for Rs56.21 crore AY2022-23 tax demand; hearing on 15 Oct 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Copies of Newspaper publication in Business Standard (English) and Nava Telangana (Telugu) dated 05th September, 2026 intimating the Shareholders about dispatch of the Notice of …
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
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
Concalls
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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 REC
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Nov 2022Transcript PPT
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Dec 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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Dec 2019Transcript PPT
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Sep 2019Transcript
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Aug 2019PPT
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Jun 2019Transcript
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Jun 2019Transcript PPT
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Mar 2019Transcript
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Feb 2019PPT
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Dec 2018Transcript PPT
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Sep 2018Transcript
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Aug 2018PPT
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Jun 2018Transcript PPT
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May 2018PPT
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Mar 2018Transcript
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Feb 2018PPT
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Nov 2017Transcript
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Nov 2017Transcript PPT
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Oct 2017PPT
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Sep 2017Transcript PPT
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Apr 2017PPT
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Dec 2016Transcript
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Oct 2016Transcript
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Jun 2016Transcript
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May 2016PPT
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Mar 2016Transcript
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Dec 2015Transcript
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Aug 2015Transcript
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