TBI Corn Ltd
Incorporated in 2000, TBI Corn Ltd is
a manufacturer and exporter of corn-
based products[1]
- Market Cap ₹ 133 Cr.
- Current Price ₹ 73.4
- High / Low ₹ 172 / 71.6
- Stock P/E 8.14
- Book Value ₹ 61.5
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.19 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 158 | 211 | 254 | |
| 140 | 187 | 225 | |
| Operating Profit | 18 | 24 | 29 |
| OPM % | 11% | 11% | 11% |
| 1 | 2 | 2 | |
| Interest | 4 | 5 | 6 |
| Depreciation | 1 | 2 | 3 |
| Profit before tax | 14 | 18 | 22 |
| Tax % | 26% | 25% | |
| 10 | 14 | 16 | |
| EPS in Rs | 7.55 | 7.51 | 9.01 |
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 13 | 18 | 18 |
| Reserves | 29 | 83 | 94 |
| 46 | 65 | 87 | |
| 13 | 14 | 5 | |
| Total Liabilities | 102 | 180 | 204 |
| 8 | 17 | 18 | |
| CWIP | 6 | 7 | 7 |
| Investments | 0 | 0 | 0 |
| 88 | 156 | 178 | |
| Total Assets | 102 | 180 | 204 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -3 | -30 | |
| -8 | -12 | |
| 11 | 42 | |
| Net Cash Flow | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 72 | 79 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 72 | 79 |
| Working Capital Days | 86 | 143 |
| ROCE % | 19% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 January 2026 - Regulation 74(5) certificate for quarter ended 31-Dec-2025 confirming dematerialisation filings to exchanges.
-
Clarification - Financial Results
8 January 2026 - Exchange has sought clarification from TBI Corn Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Updates
5 December 2025 - Brajraj Corntech Pvt Ltd incorporated Dec 5, 2025; Agripivot holds 51% (5,100 shares, Rs51,000).
-
Investor Presentation
5 December 2025 - Investor presentation uploaded after unaudited standalone and consolidated results for half year ended Sep 30, 2025.
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Outcome of Board Meeting
13 November 2025 - Board approved unaudited standalone and consolidated H1 results; net profit ₹1,024.85 lakhs (Sep 30, 2025).
Annual reports
Concalls
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Dec 2025TranscriptAI SummaryPPT
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.