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 ₹ 7,506 Cr.
- Current Price ₹ 548
- High / Low ₹ 760 / 533
- Stock P/E 29.1
- 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 2.87 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.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products
Part of BSE IPO
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 |
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) % |
|
||
| Digital Commerce Revenue Share (Domestic) % |
|||
| In-house Production Capacity Tons per Annum |
|||
| Trade Working Capital Days Days |
|||
| Manufacturing Units (In-house/Outsourced) Number |
|||
| Market Share in Packaged Spices - Karnataka % |
|||
| Market Share in Packaged Spices - Kerala % |
|||
| Number of Distributors Number |
|||
| Number of Sub-distributors Number |
|||
| Retail Touchpoints Number |
|||
Documents
Announcements
-
Outcome Of Board Meeting Held On March 10 2026
2d - Orkla India board amended RPT policy, renamed CSR to CSR & ESG, dissolved IPO committees; chairman remuneration postal ballot.
-
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.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Feb - Q3 FY26 transcript: Revenue INR636 crore, EBITDA INR102 crore (16.1%), PAT INR68 crore, spices volume +10.1%.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Feb - Audio recording uploaded of Feb 11, 2026 earnings call for quarter and nine months ended Dec 31, 2025.
Concalls
-
Feb 2026Transcript PPT REC
-
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.