Kaveri Seed Company Ltd

About [ edit ]

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

  • Market Cap 3,059 Cr.
  • Current Price 507
  • High / Low 682 / 274
  • Stock P/E 9.12
  • Book Value 211
  • Dividend Yield 0.79 %
  • ROCE 23.5 %
  • ROE 22.4 %
  • Face Value 2.00

Pros

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

Cons

  • The company has delivered a poor sales growth of -4.34% over past five years.
  • Tax rate seems low

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
43.82 578.72 92.57 84.77 53.36 627.58 117.66 121.99 63.12 719.48 134.02 116.55
48.57 374.34 79.33 84.77 59.33 391.50 98.32 111.55 75.79 432.53 117.35 106.33
Operating Profit -4.75 204.38 13.24 0.00 -5.97 236.08 19.34 10.44 -12.67 286.95 16.67 10.22
OPM % -10.84% 35.32% 14.30% 0.00% -11.19% 37.62% 16.44% 8.56% -20.07% 39.88% 12.44% 8.77%
Other Income 5.68 16.61 12.93 10.27 3.18 4.14 2.81 7.67 30.98 23.51 10.46 7.55
Interest 0.05 0.14 0.12 0.13 0.15 0.09 0.09 0.12 0.18 0.15 0.16 0.05
Depreciation 7.49 5.75 5.07 5.61 6.52 6.24 6.20 6.51 6.72 5.45 5.57 5.60
Profit before tax -6.61 215.10 20.98 4.53 -9.46 233.89 15.86 11.48 11.41 304.86 21.40 12.12
Tax % -17.70% 2.32% 25.98% 35.76% -17.65% 1.56% 14.75% 25.78% 33.39% 2.77% -9.39% 24.34%
Net Profit -7.46 209.90 15.46 3.18 -11.09 229.58 13.63 8.25 7.57 295.29 23.46 9.11
EPS in Rs -1.08 31.76 2.45 0.50 -1.76 36.37 2.16 1.31 1.25 48.95 3.89 1.51
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 Mar 2019 Mar 2020 TTM
711 1,010 1,159 743 703 818 808 929 1,033
572 789 850 556 564 597 596 676 732
Operating Profit 139 221 309 188 139 222 212 253 301
OPM % 20% 22% 27% 25% 20% 27% 26% 27% 29%
Other Income 6 10 16 13 -24 24 43 46 72
Interest 2 0 0 0 0 1 1 0 1
Depreciation 12 16 15 27 30 25 23 26 23
Profit before tax 132 214 310 173 84 220 231 273 350
Tax % 3% 2% 3% 3% 8% 4% 6% 5%
Net Profit 128 209 301 168 78 211 217 259 335
EPS in Rs 18.70 30.42 43.68 24.31 11.27 31.96 34.45 42.94 55.60
Dividend Payout % 17% 16% 17% 10% 0% 9% 9% 7%
Compounded Sales Growth
10 Years:%
5 Years:-4%
3 Years:10%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:-5%
3 Years:20%
TTM:40%
Stock Price CAGR
10 Years:23%
5 Years:8%
3 Years:0%
1 Year:18%
Return on Equity
10 Years:%
5 Years:19%
3 Years:21%
Last Year:22%

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 Sep 2020
14 14 14 14 14 13 13 12 12
Reserves 330 501 740 913 1,001 999 994 947 1,259
Borrowings 3 1 1 2 5 3 7 6 1
520 512 403 432 509 449 536 612 660
Total Liabilities 868 1,028 1,158 1,361 1,528 1,465 1,550 1,577 1,932
137 144 161 202 200 189 240 250 240
CWIP 8 12 62 20 34 37 38 18 24
Investments 132 278 295 506 657 623 510 384 520
590 595 641 633 637 615 763 925 1,148
Total Assets 868 1,028 1,158 1,361 1,528 1,465 1,550 1,577 1,932

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
110 193 145 246 218 148 128 192
-58 -162 -84 -202 -150 71 82 112
-47 -38 -61 -42 -56 -226 -219 -301
Net Cash Flow 5 -8 -0 3 11 -7 -9 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 48% 47% 21% 15% 21% 20% 24%
Debtor Days 35 24 37 39 44 38 38 46
Inventory Turnover 0.76 0.88 0.80 0.86 0.94 0.84 0.80

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
54.79 54.79 55.09 55.09 55.09 55.09 55.09 55.09 55.52 55.52 55.52 55.52
18.29 15.22 19.02 18.40 20.02 19.95 20.41 21.00 21.01 20.22 17.55 12.65
9.82 13.95 11.08 12.01 8.50 9.70 10.22 10.39 10.74 10.77 11.03 12.24
17.10 16.04 14.81 14.50 16.39 15.26 14.27 13.52 12.73 13.49 14.44 18.13
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.46 1.46

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