TBI Corn Ltd
Incorporated in 2000, TBI Corn Ltd is
a manufacturer and exporter of corn-
based products[1]
- Market Cap ₹ 136 Cr.
- Current Price ₹ 75.0
- High / Low ₹ 138 / 55.0
- Stock P/E 7.42
- Book Value ₹ 66.0
- Dividend Yield 0.00 %
- ROCE 18.3 %
- ROE 16.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.14 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 9m | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 115 | 158 | 211 | 303 | |
| 105 | 140 | 187 | 269 | |
| Operating Profit | 11 | 18 | 24 | 35 |
| OPM % | 9% | 11% | 11% | 11% |
| 1 | 1 | 2 | 1 | |
| Interest | 2 | 4 | 5 | 8 |
| Depreciation | 1 | 1 | 2 | 3 |
| Profit before tax | 8 | 14 | 18 | 24 |
| Tax % | 27% | 26% | 25% | 25% |
| 6 | 10 | 14 | 18 | |
| EPS in Rs | 11,125.00 | 7.55 | 7.51 | 10.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 13 | 18 | 18 |
| Reserves | 17 | 29 | 83 | 102 |
| 40 | 46 | 65 | 69 | |
| 20 | 13 | 14 | 47 | |
| Total Liabilities | 77 | 102 | 180 | 236 |
| 7 | 8 | 17 | 20 | |
| CWIP | 0 | 6 | 7 | 13 |
| Investments | 0 | 0 | 0 | 0 |
| 70 | 88 | 156 | 203 | |
| Total Assets | 77 | 102 | 180 | 236 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -17 | -3 | -30 | 33 | |
| -8 | -8 | -12 | -12 | |
| 25 | 11 | 42 | -3 | |
| Net Cash Flow | 0 | 0 | -0 | 18 |
| Free Cash Flow | -24 | -11 | -42 | 21 |
| CFO/OP | -137% | 4% | -105% | 114% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 67 | 72 | 79 | 92 |
| Inventory Days | 119 | |||
| Days Payable | 66 | |||
| Cash Conversion Cycle | 67 | 72 | 79 | 146 |
| Working Capital Days | 75 | 86 | 143 | 85 |
| ROCE % | 25% | 19% | 18% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization % |
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| Direct Raw Material Sourcing Share % |
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| Revenue Contribution - Export % |
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| Sales Volume Tons |
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| Installed Production Capacity TPD (Tons Per Day) |
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Extracted by Screener AI
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
4 June 2026 - Video recording of June 3, 2026 earnings call on audited H2 and FY26 results available online.
-
Analysts/Institutional Investor Meet/Con. Call Updates
3 June 2026 - Investor earnings call held June 3, 2026; audio recording for FY26 results available online.
-
Investor Presentation
2 June 2026 - TBI Corn released investor presentation for audited standalone and consolidated results for half year and year ended March 31, 2026.
-
General Updates
30 May 2026 - FY26 audited standalone and consolidated results approved; standalone revenue Rs303.34 crore, profit Rs18.36 crore.
-
General Updates
30 May 2026 - Board approved audited standalone and consolidated FY26 results on May 29, 2026; trading window closed till 48 hours after results.
Business Overview:[1][2][3]
a) TBICL is an ISO 22000:2018 certified manufacturer and seller of corn products
b) The products are manufactured without chemical additives or preservatives and are GMO-free.
c) Company sources the highest quality raw maize from Northern Karnataka and Andhra Pradesh, which accounts for 38% of India’s total Maize cultivation.