NSEI:KRBL

Stock Analysis Report

Executive Summary

KRBL Limited produces and sells rice in India and internationally.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has KRBL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KRBL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

39.7%

KRBL

0.8%

IN Food

-3.9%

IN Market


1 Year Return

-53.4%

KRBL

-1.4%

IN Food

-32.2%

IN Market

Return vs Industry: KRBL underperformed the Indian Food industry which returned -1.4% over the past year.

Return vs Market: KRBL underperformed the Indian Market which returned -32.2% over the past year.


Shareholder returns

KRBLIndustryMarket
7 Day39.7%0.8%-3.9%
30 Day-38.9%-14.5%-26.8%
90 Day-46.1%-10.9%-31.7%
1 Year-52.4%-53.4%0.05%-1.4%-30.8%-32.2%
3 Year-60.6%-61.9%46.3%41.8%-19.5%-23.8%
5 Year-13.2%-17.8%83.3%74.3%-10.0%-14.9%

Price Volatility Vs. Market

How volatile is KRBL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KRBL undervalued compared to its fair value and its price relative to the market?

6.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KRBL (₹155.65) is trading above our estimate of fair value (₹44.59)

Significantly Below Fair Value: KRBL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KRBL is good value based on its PE Ratio (6.7x) compared to the Food industry average (10.6x).

PE vs Market: KRBL is good value based on its PE Ratio (6.7x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: KRBL is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: KRBL is overvalued based on its PB Ratio (1.3x) compared to the IN Food industry average (0.8x).


Next Steps

Future Growth

How is KRBL forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRBL's forecast earnings growth (14.5% per year) is above the savings rate (6.5%).

Earnings vs Market: KRBL's earnings (14.5% per year) are forecast to grow slower than the Indian market (19.2% per year).

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

Revenue vs Market: KRBL's revenue (11.7% per year) is forecast to grow faster than the Indian market (8.8% per year).

High Growth Revenue: KRBL's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KRBL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has KRBL performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRBL has high quality earnings.

Growing Profit Margin: KRBL's current net profit margins (11.8%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: KRBL's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: KRBL's earnings growth over the past year (19%) exceeds its 5-year average (12% per year).

Earnings vs Industry: KRBL earnings growth over the past year (19%) underperformed the Food industry 20.6%.


Return on Equity

High ROE: KRBL's Return on Equity (18.8%) is considered low.


Next Steps

Financial Health

How is KRBL's financial position?


Financial Position Analysis

Short Term Liabilities: KRBL's short term assets (₹24.0B) exceed its short term liabilities (₹4.5B).

Long Term Liabilities: KRBL's short term assets (₹24.0B) exceed its long term liabilities (₹2.5B).


Debt to Equity History and Analysis

Debt Level: KRBL's debt to equity ratio (9.2%) is considered satisfactory.

Reducing Debt: KRBL's debt to equity ratio has reduced from 27.5% to 9.2% over the past 5 years.

Debt Coverage: KRBL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KRBL's interest payments on its debt are well covered by EBIT (17.2x coverage).


Balance Sheet

Inventory Level: KRBL has a high level of physical assets or inventory.

Debt Coverage by Assets: KRBL's debt is covered by short term assets (assets are 9x debt).


Next Steps

Dividend

What is KRBL's current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KRBL's dividend (1.8%) is higher than the bottom 25% of dividend payers in the Indian market (0.96%).

High Dividend: KRBL's dividend (1.8%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.8%), KRBL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

25.3yrs

Average management tenure


CEO

Anil Mittal (68yo)

no data

Tenure

₹10,840,000

Compensation

Mr. Anil Kumar Mittal has been the Managing Director of KRBL Limited since December 2, 2004 and serves as its Chairman. Mr. Mittal has been a Director of KRBL Limited since September 28, 2006. Mr. Mittal i ...


CEO Compensation Analysis

Compensation vs Market: Anil's total compensation ($USD142.08K) is below average for companies of similar size in the Indian market ($USD357.59K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anil Mittal
Chairman & MDno data₹10.84m19.82% 7.3b
Anoop Gupta
Joint MD & Executive Director13.58yrs₹10.84m19.82% 7.3b
Arun Gupta
Joint MD & Executive Directorno data₹10.84m19.82% 7.3b
Rakesh Mehrotra
Chief Financial Officer no data₹7.90mno data
Raman Sapra
Compliance Officer & Company Secretary7.42yrs₹1.40mno data
Priyanka Mittal
Director of Sales & Marketing and Whole Time Director12yrs₹5.64m0.000040% 14.7k
Ravinder Sharma
Chief Operating Officerno datano datano data

25.3yrs

Average Tenure

58yo

Average Age

Experienced Management: KRBL's management team is seasoned and experienced (25.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anil Mittal
Chairman & MDno data₹10.84m19.82% 7.3b
Anoop Gupta
Joint MD & Executive Director13.58yrs₹10.84m19.82% 7.3b
Arun Gupta
Joint MD & Executive Directorno data₹10.84m19.82% 7.3b
Priyanka Mittal
Director of Sales & Marketing and Whole Time Director12yrs₹5.64m0.000040% 14.7k
Vinod Ahuja
Independent Non-Executive Directorno data₹85.00kno data
Shyam Arora
Independent Non-Executive Director12.83yrs₹85.00kno data
Ashwani Dua
Independent Non-Executive Director12.83yrs₹25.00kno data
Devendra Agarwal
Independent Non-Executive Director6.25yrs₹85.00kno data
Alok Sabharwal
Independent Non-Executive Director3.67yrs₹85.00kno data
Priyanka Sardana
Independent Non-Executive Woman Director0.58yrno datano data

12.0yrs

Average Tenure

65yo

Average Age

Experienced Board: KRBL's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: KRBL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

KRBL Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KRBL Limited
  • Ticker: KRBL
  • Exchange: NSEI
  • Founded: 1889
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹36.638b
  • Shares outstanding: 235.39m
  • Website: https://www.krblrice.com

Location

  • KRBL Limited
  • C-32, Sector 62
  • 5th and 6th Floors
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530813BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
KRBLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

KRBL Limited produces and sells rice in India and internationally. Its Agriculture segment offers agricultural commodities, such as rice, Furfural, seed, bran, bran oil, etc. The company’s Energy segment generates power from wind turbine, and husk based and solar power plants. This segment has a total wind power project capacity of 114.35 megawatts, solar power project capacity of 15.00 megawatts, and biomass project capacity of 17.59 megawatts. The company offers its products under the brands of India Gate, Doon, Nur Jahan, Indian Farm, Bemisal, Aarati, Unity, Lotus, Taj Mahal Tilla, Shubh Mangal, Necklace, Lion, Al Wisam, Train, Al Bustan, Telephone, Southern Girl, Alhussam, Blue Bird, City Palace, etc. KRBL Limited also exports its products. The company was formerly known as Khushi Ram Behari Lal. KRBL Limited was founded in 1889 and is based in Noida, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 13:27
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.