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 ₹ 7,681 Cr.
- Current Price ₹ 560
- High / Low ₹ 717 / 504
- Stock P/E 24.3
- Book Value ₹ 214
- Dividend Yield 0.00 %
- ROCE 14.8 %
- ROE 11.1 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.63 times its book value
- Company has a low return on equity of 9.81% 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 807 | 950 | 1,818 | 2,154 | 2,356 | 2,370 | 2,464 | 2,640 | |
| Sales growth | +18% | +91% | +18% | +9% | +1% | +4% | +9% | |
| 671 | 763 | 1,584 | 1,845 | 2,015 | 1,976 | 2,050 | 2,206 | |
| Operating Profit | 136 | 187 | 234 | 309 | 341 | 394 | 414 | 433 |
| OPM % | 17% | 20% | 13% | 14% | 14% | 17% | 17% | 16% |
| -4 | 9 | 16 | 29 | 32 | 27 | 25 | 36 | |
| Interest | 6 | 5 | 29 | 27 | 7 | 6 | 7 | 6 |
| Depreciation | 31 | 31 | 56 | 55 | 62 | 62 | 54 | 54 |
| Profit before tax | 95 | 160 | 165 | 256 | 305 | 353 | 378 | 409 |
| Tax % | 25% | 26% | 29% | -32% | 26% | 28% | 25% | |
| 71 | 119 | 117 | 338 | 225 | 254 | 282 | 305 | |
| EPS in Rs | 7.23 | 9.67 | 9.47 | 27.41 | 16.78 | 18.54 | 20.57 | 22.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 236% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 5% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | -4% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 12 | 12 | 12 | 13 | 14 | 14 | 14 |
| Reserves | 278 | 1,777 | 1,894 | 2,230 | 2,793 | 2,443 | 2,728 | 2,912 |
| 4 | 10 | 35 | 35 | 64 | 54 | 63 | 63 | |
| 170 | 486 | 838 | 752 | 504 | 649 | 578 | 554 | |
| Total Liabilities | 461 | 2,286 | 2,780 | 3,030 | 3,374 | 3,161 | 3,383 | 3,543 |
| 221 | 208 | 2,018 | 1,986 | 2,055 | 1,980 | 1,967 | 1,959 | |
| CWIP | 4 | 2 | 3 | 74 | 4 | 8 | 4 | 3 |
| Investments | 109 | 1,916 | 230 | 284 | 325 | 176 | 573 | 676 |
| 126 | 159 | 529 | 686 | 991 | 997 | 839 | 905 | |
| Total Assets | 461 | 2,286 | 2,780 | 3,030 | 3,374 | 3,161 | 3,383 | 3,543 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 96 | 144 | 177 | 188 | 296 | 388 | 259 | |
| -68 | -1,254 | -171 | -163 | -237 | 262 | -307 | |
| -23 | 1,111 | -50 | -15 | -45 | -613 | -13 | |
| Net Cash Flow | 5 | 2 | -44 | 10 | 15 | 38 | -61 |
| Free Cash Flow | 81 | 130 | 144 | 108 | 258 | 369 | 238 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 93% | 99% | 100% | 85% | 111% | 125% | 85% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 7 | 20 | 20 | 26 | 25 | 25 |
| Inventory Days | 62 | 69 | 104 | 101 | 84 | 85 | 79 |
| Days Payable | 63 | 69 | 72 | 52 | 66 | 74 | 66 |
| Cash Conversion Cycle | 7 | 6 | 52 | 68 | 45 | 36 | 39 |
| Working Capital Days | -15 | -17 | -31 | -24 | 54 | 22 | 32 |
| ROCE % | 15% | 10% | 13% | 12% | 13% | 15% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Consolidated Volume Growth (Tonnage) % yoy |
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| In-house Manufacturing Capacity Utilization % |
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| Digital Commerce Share of Domestic Revenue % |
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| Retail Touchpoints Number |
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| GCC Revenue Growth % yoy |
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| Market Share - Karnataka Packaged Spices % |
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| Market Share - Kerala Packaged Spices % |
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| Spices Volume Growth % yoy |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Grant Of Employee Stock Options Under The Orkla India Limited Employee Stock Option Plan 2025
- Orkla India granted 11,11,850 ESOPs on 5 November 2026 at ₹702.90 each.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper advertisement pertaining to the unaudited financial results for the quarter and half year ended September 30, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of analyst/investor call for Q2 and H1 FY27 results uploaded on November 4, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Orkla India Q2 FY27 revenue rose 19.4% to ₹776 crore; PAT increased 19.2% to ₹91 crore.
Concalls
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Nov 2026Transcript PPT REC
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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
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.