NSEI:KRBL

Stock Analysis Report

Executive Summary

KRBL Limited produces and sells rice in India.

Snowflake

Fundamentals

Solid track record with adequate balance sheet.

Risks

  • KRBL has significant price volatility in the past 3 months.
  • KRBL is covered by less than 3 analysts.

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


Market Performance


7 Day Return

3.4%

NSEI:KRBL

-0.2%

IN Food

0.4%

IN Market


1 Year Return

-40.7%

NSEI:KRBL

-13.0%

IN Food

-13.4%

IN Market

KRBL underperformed the Food industry which returned -11.4% over the past year.

KRBL underperformed the Market in India which returned -12.8% over the past year.


Share holder returns

KRBLIndustryMarket
7 Day3.4%-0.2%0.4%
30 Day14.1%-2.4%-3.7%
90 Day-33.6%-4.0%-7.4%
1 Year-40.7%-40.7%-11.9%-13.0%-11.7%-13.4%
3 Year-13.0%-13.9%41.7%37.7%18.7%12.4%
5 Year181.5%172.9%109.8%99.1%37.5%24.5%

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 based on future cash flows and its price relative to the stock market?

10x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

KRBL's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

KRBL's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

KRBL is good value based on earnings compared to the IN Food industry average.

KRBL is good value based on earnings compared to the India market.


Price Based on Expected Growth

KRBL is good value based on expected growth next year.


Price Based on Value of Assets

KRBL is overvalued based on assets compared to the IN Food industry average.


Next Steps

Future Growth

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

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

KRBL's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).

KRBL's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).

KRBL's revenue growth is expected to exceed the India market average.

KRBL's earnings growth is positive but not above the India market average.

KRBL's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if KRBL will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has KRBL performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

KRBL's year on year earnings growth rate has been positive over the past 5 years.

KRBL's 1-year earnings growth exceeds its 5-year average (27.9% vs 12.4%)

KRBL's earnings growth has exceeded the IN Food industry average in the past year (27.9% vs 15.3%).


Return on Equity

KRBL has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

KRBL used its assets more efficiently than the IN Food industry average last year based on Return on Assets.


Return on Capital Employed

KRBL has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is KRBL's financial position?


Financial Position Analysis

KRBL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

KRBL's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

KRBL's level of debt (51.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (124.7% vs 51.9% today).

Debt is not well covered by operating cash flow (2.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.5x debt.


Next Steps

Dividend

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

1.09%

Current Dividend Yield


Dividend Yield and Payments Analysis

KRBL's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

KRBL's dividend is below the markets top 25% of dividend payers in India (2.51%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (9.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of KRBL's salary, the management and board of directors tenure and is there insider trading?

24.7yrs

Average management tenure


CEO

Anil Mittal (68yo)

0.0yrs

Tenure

₹9,879,600

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

Anil's remuneration is lower than average for companies of similar size in India.

Anil's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

24.7yrs

Average Tenure

58yo

Average Age

The average tenure for the KRBL management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

11.8yrs

Average Tenure

65yo

Average Age

The average tenure for the KRBL board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Arun Gupta (50yo)

    Joint MD & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹9.88m
  • Anoop Gupta (60yo)

    Joint MD & Executive Director

    • Tenure: 12.9yrs
    • Compensation: ₹9.88m
  • Anil Mittal (68yo)

    Chairman & MD

    • Tenure: 0.0yrs
    • Compensation: ₹9.88m
  • Priyanka Mittal (42yo)

    Director of Sales & Marketing and Whole Time Director

    • Tenure: 11.3yrs
    • Compensation: ₹5.64m
  • Rakesh Mehrotra (58yo)

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹7.73m
  • Raman Sapra

    Compliance Officer & Company Secretary

    • Tenure: 6.8yrs
    • Compensation: ₹1.29m
  • Ravinder Sharma

    Chief Operating Officer

    • Tenure: 0.0yrs

Board Members

  • Arun Gupta (50yo)

    Joint MD & Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹9.88m
  • Anoop Gupta (60yo)

    Joint MD & Executive Director

    • Tenure: 12.9yrs
    • Compensation: ₹9.88m
  • Anil Mittal (68yo)

    Chairman & MD

    • Tenure: 0.0yrs
    • Compensation: ₹9.88m
  • Priyanka Mittal (42yo)

    Director of Sales & Marketing and Whole Time Director

    • Tenure: 11.3yrs
    • Compensation: ₹5.64m
  • Vinod Ahuja (72yo)

    Independent Non-Executive Director

    • Tenure: 0.0yrs
    • Compensation: ₹40.00k
  • Shyam Arora (72yo)

    Independent Non-Executive Director

    • Tenure: 12.2yrs
    • Compensation: ₹30.00k
  • Ashwani Dua (48yo)

    Independent Non-Executive Director

    • Tenure: 12.2yrs
    • Compensation: ₹40.00k
  • Devendra Agarwal (65yo)

    Independent Non-Executive Director

    • Tenure: 5.6yrs
    • Compensation: ₹40.00k
  • Alok Sabharwal (67yo)

    Independent Non-Executive Director

    • Tenure: 3.0yrs
    • Compensation: ₹40.00k

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: ₹55.011b
  • 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. Its Agriculture segment offers agricultural commodities, such as rice, Furfural, seed, bran, bran oil, etc. The company’s Energy segment generates power from  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 12:44
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
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.