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5328

Kaveri Seed BSE:532899 Stock Report

Last Price

₹479.75

Market Cap

₹28.0b

7D

-1.1%

1Y

-34.0%

Updated

07 Aug, 2022

Data

Company Financials +
532899 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance1/6
Financial Health6/6
Dividends4/6

532899 Stock Overview

Kaveri Seed Company Limited researches, produces, processes, and markets hybrid seeds of field and vegetable crops.

Kaveri Seed Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kaveri Seed
Historical stock prices
Current Share Price₹479.75
52 Week High₹735.00
52 Week Low₹468.00
Beta0.65
1 Month Change-2.72%
3 Month Change-14.60%
1 Year Change-33.99%
3 Year Change5.14%
5 Year Change-8.54%
Change since IPO1,022.75%

Recent News & Updates

Shareholder Returns

532899IN FoodIN Market
7D-1.1%-0.2%1.8%
1Y-34.0%1.1%7.0%

Return vs Industry: 532899 underperformed the Indian Food industry which returned 1.1% over the past year.

Return vs Market: 532899 underperformed the Indian Market which returned 7% over the past year.

Price Volatility

Is 532899's price volatile compared to industry and market?
532899 volatility
532899 Average Weekly Movement4.1%
Food Industry Average Movement7.0%
Market Average Movement6.6%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market4.3%

Stable Share Price: 532899 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 532899's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19761,195Gundavaram Venkata Raohttps://www.kaveriseeds.in

Kaveri Seed Company Limited researches, produces, processes, and markets hybrid seeds of field and vegetable crops. Its product portfolio consists of seeds for various field crops, such as maize, paddy, cotton, sunflower, mustard, sorghum, pulses, bajra, and wheat; and vegetables comprising tomatoes, okra, chilies, watermelon, gourds, and brinjal. The company sells its products through distributors and retailers in India.

Kaveri Seed Fundamentals Summary

How do Kaveri Seed's earnings and revenue compare to its market cap?
532899 fundamental statistics
Market Cap₹27.98b
Earnings (TTM)₹2.12b
Revenue (TTM)₹9.70b

13.2x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532899 income statement (TTM)
Revenue₹9.70b
Cost of Revenue₹5.34b
Gross Profit₹4.36b
Other Expenses₹2.24b
Earnings₹2.12b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 08, 2022

Earnings per share (EPS)36.43
Gross Margin44.97%
Net Profit Margin21.90%
Debt/Equity Ratio0.08%

How did 532899 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 532899 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532899?

Other financial metrics that can be useful for relative valuation.

532899 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA11.4x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does 532899's PE Ratio compare to its peers?

532899 PE Ratio vs Peers
The above table shows the PE ratio for 532899 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.4x
531449 GRM Overseas
27.5xn/a₹23.3b
524226 Gujarat Ambuja Exports
14.3xn/a₹67.8b
540743 Godrej Agrovet
24.8x23.9%₹94.2b
524542 Sukhjit Starch & Chemicals
11xn/a₹8.0b
532899 Kaveri Seed
13.2x19.2%₹28.0b

Price-To-Earnings vs Peers: 532899 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (19.4x).


Price to Earnings Ratio vs Industry

How does 532899's PE Ratio compare vs other companies in the IN Food Industry?

Price-To-Earnings vs Industry: 532899 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Indian Food industry average (24.2x)


Price to Earnings Ratio vs Fair Ratio

What is 532899's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532899 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: 532899 is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).


Share Price vs Fair Value

What is the Fair Price of 532899 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532899 (₹479.75) is trading below our estimate of fair value (₹1025.1)

Significantly Below Fair Value: 532899 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Kaveri Seed forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532899's forecast earnings growth (19.2% per year) is above the savings rate (6.8%).

Earnings vs Market: 532899's earnings (19.2% per year) are forecast to grow faster than the Indian market (18.4% per year).

High Growth Earnings: 532899's earnings are forecast to grow, but not significantly.

Revenue vs Market: 532899's revenue (8.2% per year) is forecast to grow slower than the Indian market (10.8% per year).

High Growth Revenue: 532899's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532899's Return on Equity is forecast to be high in 3 years time (23.6%)


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Past Performance

How has Kaveri Seed performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532899 has a high level of non-cash earnings.

Growing Profit Margin: 532899's current net profit margins (21.9%) are lower than last year (30%).


Past Earnings Growth Analysis

Earnings Trend: 532899's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: 532899's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532899 had negative earnings growth (-31.6%) over the past year, making it difficult to compare to the Food industry average (10.1%).


Return on Equity

High ROE: 532899's Return on Equity (16.6%) is considered low.


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Financial Health

How is Kaveri Seed's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532899's short term assets (₹15.0B) exceed its short term liabilities (₹5.5B).

Long Term Liabilities: 532899's short term assets (₹15.0B) exceed its long term liabilities (₹477.7M).


Debt to Equity History and Analysis

Debt Level: 532899 has more cash than its total debt.

Reducing Debt: 532899's debt to equity ratio has reduced from 0.5% to 0.08% over the past 5 years.

Debt Coverage: 532899's debt is well covered by operating cash flow (10190.8%).

Interest Coverage: 532899's interest payments on its debt are well covered by EBIT (1425.5x coverage).


Balance Sheet


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Dividend

What is Kaveri Seed current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 532899's dividend (0.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 532899's dividend (0.83%) is low compared to the top 25% of dividend payers in the Indian market (1.72%).


Stability and Growth of Payments

Stable Dividend: 532899's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532899's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11%), 532899's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.9%), 532899's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

12.6yrs

Average management tenure


CEO

Gundavaram Venkata Rao (72 yo)

36yrs

Tenure

₹37,363,106

Compensation

Mr. Gundavaram Venkata Bhaskar Rao has been the Chairman and Managing Director at Kaveri Seed Co Ltd. since August 27, 1986. Mr. Rao is one of Founder Promoters for Kaveri Seed Co Ltd.where he is overall...


CEO Compensation Analysis

Compensation vs Market: Gundavaram Venkata's total compensation ($USD470.61K) is above average for companies of similar size in the Indian market ($USD266.28K).

Compensation vs Earnings: Gundavaram Venkata's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 532899's management team is seasoned and experienced (12.6 years average tenure).


Board Members

Experienced Board: 532899's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kaveri Seed Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kaveri Seed Company Limited
  • Ticker: 532899
  • Exchange: BSE
  • Founded: 1976
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: ₹27.980b
  • Shares outstanding: 58.32m
  • Website: https://www.kaveriseeds.in

Number of Employees


Location

  • Kaveri Seed Company Limited
  • Minerva Complex
  • 513-B, 5th Floor
  • Hyderabad
  • 500003
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.