TBI Corn Ltd
Incorporated in 2000, TBI Corn Ltd is
a manufacturer and exporter of corn-
based products[1]
- Market Cap ₹ 114 Cr.
- Current Price ₹ 62.6
- High / Low ₹ 125 / 55.0
- Stock P/E 6.11
- Book Value ₹ 66.1
- Dividend Yield 0.00 %
- ROCE 18.3 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.95 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 | Mar 2026 | |
|---|---|---|---|
| 158 | 211 | 304 | |
| 140 | 187 | 269 | |
| Operating Profit | 18 | 24 | 35 |
| OPM % | 11% | 11% | 11% |
| 1 | 2 | 1 | |
| Interest | 4 | 5 | 8 |
| Depreciation | 1 | 2 | 3 |
| Profit before tax | 14 | 18 | 25 |
| Tax % | 26% | 25% | 25% |
| 10 | 14 | 19 | |
| EPS in Rs | 7.55 | 7.51 | 10.25 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 13 | 18 | 18 |
| Reserves | 29 | 83 | 102 |
| 46 | 65 | 71 | |
| 13 | 14 | 49 | |
| Total Liabilities | 102 | 180 | 240 |
| 8 | 17 | 20 | |
| CWIP | 6 | 7 | 13 |
| Investments | 0 | 0 | 0 |
| 88 | 156 | 207 | |
| Total Assets | 102 | 180 | 240 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -3 | -30 | 42 | |
| -8 | -12 | -12 | |
| 11 | 42 | -11 | |
| Net Cash Flow | 0 | -0 | 19 |
| Free Cash Flow | -11 | -42 | 30 |
| CFO/OP | 4% | -105% | 139% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 72 | 79 | 92 |
| Inventory Days | 127 | ||
| Days Payable | 69 | ||
| Cash Conversion Cycle | 72 | 79 | 151 |
| Working Capital Days | 86 | 143 | 84 |
| ROCE % | 19% | 18% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Corn Bran Revenue Share % |
|
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| Corn Grits Revenue Share % |
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| Direct Procurement Share of Raw Material % |
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| Export Revenue Share % |
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| Sales Volume Tons |
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| Corn Germ Extraction Yield % |
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| Installed Capacity TPD |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 July 2026 - Regulation 74(5) compliance certificate filed for quarter ended 30 June 2026.
-
Disclosure under SEBI Takeover Regulations
10 June 2026 - TBI Corn Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the SEBI (Substantial Acquisition of Shares …
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Disclosure under SEBI Takeover Regulations
10 June 2026 - Promoter group reported no share encumbrances for FY ended March 31, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
8 June 2026 - Transcript of June 3, 2026 earnings call; 40 TPD Malkapur capacity operationalized, operating cash flow positive at ₹33.41 crore.
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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.
Annual reports
Concalls
-
Jun 2026Transcript PPT REC
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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.