Orkla India Ltd
Incorporated in 1996, Orkla India Limited is an Indian food company, offering a diverse range of food products, from breakfast to lunch and dinner, snacks, beverages, and desserts.[1]It has iconic heritage Indian brands – MTR, Eastern and Rasoi Magic.
- Market Cap ₹ 8,272 Cr.
- Current Price ₹ 604
- High / Low ₹ 760 / 533
- Stock P/E 32.1
- Book Value ₹ 191
- Dividend Yield 0.00 %
- ROCE 13.5 %
- ROE 9.74 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 27.4% CAGR over last 5 years
Cons
- Stock is trading at 3.17 times its book value
- Company has a low return on equity of 11.0% over last 3 years.
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 807 | 950 | 1,818 | 2,154 | 2,356 | 2,370 | |
| 671 | 763 | 1,584 | 1,845 | 2,015 | 1,976 | |
| Operating Profit | 136 | 187 | 234 | 309 | 341 | 394 |
| OPM % | 17% | 20% | 13% | 14% | 14% | 17% |
| -4 | 9 | 16 | 29 | 32 | 27 | |
| Interest | 6 | 5 | 29 | 27 | 7 | 6 |
| Depreciation | 31 | 31 | 56 | 55 | 62 | 62 |
| Profit before tax | 95 | 160 | 165 | 256 | 305 | 353 |
| Tax % | 25% | 26% | 29% | -32% | 26% | 28% |
| 71 | 119 | 117 | 338 | 225 | 254 | |
| EPS in Rs | 72.33 | 96.67 | 94.70 | 274.09 | 167.73 | 185.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 236% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 9% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 31% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 12 | 12 | 12 | 13 | 14 | 14 |
| Reserves | 278 | 1,777 | 1,894 | 2,230 | 2,793 | 2,443 | 2,597 |
| 4 | 10 | 35 | 35 | 64 | 54 | 64 | |
| 170 | 486 | 838 | 752 | 504 | 649 | 498 | |
| Total Liabilities | 461 | 2,286 | 2,780 | 3,030 | 3,374 | 3,161 | 3,174 |
| 221 | 208 | 2,018 | 1,986 | 2,055 | 1,980 | 1,982 | |
| CWIP | 4 | 2 | 3 | 74 | 4 | 8 | 6 |
| Investments | 109 | 1,916 | 230 | 284 | 325 | 176 | 353 |
| 126 | 159 | 529 | 686 | 991 | 997 | 834 | |
| Total Assets | 461 | 2,286 | 2,780 | 3,030 | 3,374 | 3,161 | 3,174 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 96 | 144 | 177 | 188 | 296 | 388 | |
| -68 | -1,254 | -171 | -163 | -237 | 262 | |
| -23 | 1,111 | -50 | -15 | -45 | -613 | |
| Net Cash Flow | 5 | 2 | -44 | 10 | 15 | 38 |
| Free Cash Flow | 81 | 130 | 144 | 108 | 258 | 369 |
| CFO/OP | 93% | 99% | 100% | 85% | 111% | 125% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 7 | 7 | 20 | 20 | 26 | 25 |
| Inventory Days | 62 | 69 | 104 | 101 | 84 | 93 |
| Days Payable | 63 | 69 | 72 | 52 | 66 | 80 |
| Cash Conversion Cycle | 7 | 6 | 52 | 68 | 45 | 37 |
| Working Capital Days | -15 | -17 | -31 | -24 | 54 | 22 |
| ROCE % | 15% | 10% | 13% | 12% | 13% |
Insights
In beta| Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|
| Consolidated Volume Growth (Tonnage) % |
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| Digital Commerce Revenue Share (Domestic) % |
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| In-house Production Capacity Tons per Annum |
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| Trade Working Capital Days Days |
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| Manufacturing Units (In-house/Outsourced) Number |
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| Market Share in Packaged Spices - Karnataka % |
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| Market Share in Packaged Spices - Kerala % |
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| Number of Distributors Number |
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| Number of Sub-distributors Number |
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| Retail Touchpoints Number |
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Documents
Announcements
-
Closure of Trading Window
26 Mar - Trading window closed April 1, 2026 until 48 hours after Q4/FY2026 results declaration for insiders and relatives.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Mar
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Mar - Postal ballot seeking approval to pay Chairman NOK 400,000 p.a. (up to NOK 500,000), effective Jan 1, 2026.
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Outcome Of Board Meeting Held On March 10 2026
10 Mar - Orkla India board amended RPT policy, renamed CSR to CSR & ESG, dissolved IPO committees; chairman remuneration postal ballot.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Mar - Plant visit and management meeting with analysts/investors on March 17, 2026 at MTR Bommasandra, Bengaluru.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
Business Profile[1]
Orkla India is a multi-category Indian food company with decades of experience, offering a diverse range of packaged foods catering to all meal occasions — from breakfast to desserts.