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KRBL

NSEI:KRBL
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRBL
NSEI
₹54B
Market Cap
  1. Home
  2. IN
  3. Food, Beverage & Tobacco
Company description

KRBL Limited produces and sells rice in India. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • KRBL has significant price volatility in the past 3 months.
KRBL Share Price and Events
7 Day Returns
2.6%
NSEI:KRBL
-0.5%
IN Food
-0.7%
IN Market
1 Year Returns
-34.7%
NSEI:KRBL
-10.6%
IN Food
-12.1%
IN Market
KRBL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KRBL (KRBL) 2.6% 14.6% -31.4% -34.7% -8.6% 168.8%
IN Food -0.5% -2.3% -0.8% -10.6% 40% 102%
IN Market -0.7% -4.6% -4.3% -12.1% 12.8% 24.7%
1 Year Return vs Industry and Market
  • KRBL underperformed the Food industry which returned -10.6% over the past year.
  • KRBL underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
KRBL
Industry
5yr Volatility vs Market

KRBL Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of KRBL to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for KRBL.

NSEI:KRBL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in INR ₹ 2.300000
Payout Ratio Company Filings (2019-06-30) 1249.6%
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:KRBL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.553 (1 + (1- 35%) (26.13%))
0.728
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:KRBL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for KRBL is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:KRBL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹2.3 / (14.43% - 7.55%)
₹33.43
NSEI:KRBL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹33.43
Current discount Discount to share price of ₹230.05
= -1 x (₹230.05 - ₹33.43) / ₹33.43
-588.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of KRBL is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for KRBL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KRBL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:KRBL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹22.90
NSEI:KRBL Share Price ** NSEI (2019-08-16) in INR ₹230.05
India Food Industry PE Ratio Median Figure of 160 Publicly-Listed Food Companies 14.78x
India Market PE Ratio Median Figure of 2,774 Publicly-Listed Companies 13.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of KRBL.

NSEI:KRBL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:KRBL Share Price ÷ EPS (both in INR)

= 230.05 ÷ 22.90

10.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does KRBL's expected growth come at a high price?
Raw Data
NSEI:KRBL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14.3%per year
India Food Industry PEG Ratio Median Figure of 19 Publicly-Listed Food Companies 1.5x
India Market PEG Ratio Median Figure of 548 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

NSEI:KRBL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.05x ÷ 14.3%

0.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KRBL is good value based on expected growth next year.
Price based on value of assets
What value do investors place on KRBL's assets?
Raw Data
NSEI:KRBL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹115.74
NSEI:KRBL Share Price * NSEI (2019-08-16) in INR ₹230.05
India Food Industry PB Ratio Median Figure of 206 Publicly-Listed Food Companies 0.88x
India Market PB Ratio Median Figure of 3,660 Publicly-Listed Companies 0.87x
NSEI:KRBL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:KRBL Share Price ÷ Book Value per Share (both in INR)

= 230.05 ÷ 115.74

1.99x

* Primary Listing of KRBL.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KRBL is overvalued based on assets compared to the IN Food industry average.
X
Value checks
We assess KRBL's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. KRBL has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KRBL Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KRBL expected to grow at an attractive rate?
  • KRBL's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • KRBL's earnings growth is positive but not above the India market average.
  • KRBL's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:KRBL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:KRBL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14.3%
NSEI:KRBL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.5%
India Food Industry Earnings Growth Rate Market Cap Weighted Average 17.4%
India Food Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
India Market Earnings Growth Rate Market Cap Weighted Average 17.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:KRBL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:KRBL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 56,879 6,901 1
2020-03-31 49,034 5,920 1
NSEI:KRBL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 45,947 5,391
2019-03-31 41,205 5,030
2018-12-31 38,001 4,598
2018-09-30 36,477 4,755
2018-06-30 31,182 4,216
2018-03-31 32,457 417 4,344
2017-12-31 32,832 4,485
2017-09-30 32,980 4,368
2017-06-30 32,986 4,319
2017-03-31 31,462 2,583 3,994
2016-12-31 30,776 4,269
2016-09-30 29,923 3,564

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KRBL's earnings are expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).
  • KRBL's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:KRBL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from KRBL Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KRBL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 29.32 29.32 29.32 1.00
2020-03-31 25.15 25.15 25.15 1.00
NSEI:KRBL Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 22.90
2019-03-31 21.37
2018-12-31 19.53
2018-09-30 20.21
2018-06-30 17.91
2018-03-31 18.46
2017-12-31 19.06
2017-09-30 18.55
2017-06-30 18.35
2017-03-31 16.97
2016-12-31 18.13
2016-09-30 15.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if KRBL will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess KRBL's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
KRBL has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KRBL Past Performance

  How has KRBL performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare KRBL's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 15.2%).
Earnings and Revenue History
KRBL's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from KRBL Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:KRBL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 45,947.20 5,390.90 784.80
2019-03-31 41,204.90 5,030.20 770.20
2018-12-31 38,000.92 4,597.72 1,364.02
2018-09-30 36,477.32 4,755.22 1,355.72
2018-06-30 31,181.50 4,215.90 796.50
2018-03-31 32,456.92 4,344.42 1,301.72
2017-12-31 32,831.96 4,484.86 1,283.47
2017-09-30 32,979.56 4,367.56 1,251.27
2017-06-30 32,985.60 4,318.90 729.10
2017-03-31 31,461.99 3,993.96 1,230.21
2016-12-31 30,776.47 4,268.63 821.83
2016-09-30 29,923.37 3,563.53 805.33
2016-06-30 31,781.17 3,444.33 775.13
2016-03-31 33,619.43 2,931.38 1,181.68
2015-12-31 35,134.85 3,099.04 2,204.16
2015-09-30 35,741.55 3,266.24 2,181.66
2015-06-30 33,747.70 3,290.00 566.80
2015-03-31 31,596.85 3,217.24 598.64
2014-12-31 31,335.04 2,958.13 1,645.01
2014-09-30 30,710.94 2,843.73 1,627.01
2014-06-30 30,295.60 2,783.60 470.50
2014-03-31 29,104.64 2,551.13 1,594.28
2013-12-31 25,436.37 2,158.63 1,516.19
2013-09-30 23,395.57 1,655.93 1,501.59
2013-06-30 22,527.10 1,454.90 426.10
2013-03-31 20,803.87 1,298.63 1,504.47
2012-12-31 20,605.02 1,566.13 1,407.85
2012-09-30 20,137.72 1,596.33 1,391.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • KRBL has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KRBL used its assets more efficiently than the IN Food industry average last year based on Return on Assets.
  • KRBL has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KRBL's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
KRBL has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KRBL Health

 How is KRBL's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up KRBL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of KRBL's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from KRBL Company Filings, last reported 1 month ago.

NSEI:KRBL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 27,275.80 14,147.50 134.20
2019-03-31 27,275.80 14,147.50 134.20
2018-12-31 24,812.10 1,931.80 2,895.50
2018-09-30 24,812.10 1,931.80 2,895.50
2018-06-30 22,887.80 12,493.60 788.10
2018-03-31 22,887.83 12,452.53 783.75
2017-12-31 20,747.90 3,095.00 971.50
2017-09-30 20,747.90 3,095.00 971.50
2017-06-30 19,082.10 10,523.70 412.80
2017-03-31 19,082.05 10,900.72 144.65
2016-12-31 16,888.20 6,924.40 1,864.90
2016-09-30 16,888.20 6,924.40 1,864.90
2016-06-30 16,246.03 11,604.57 356.15
2016-03-31 14,992.24 11,674.50 365.28
2015-12-31 14,876.40 5,412.90 696.80
2015-09-30 14,876.40 5,412.90 696.80
2015-06-30 13,256.50 12,814.60 309.40
2015-03-31 13,256.54 13,510.36 309.31
2014-12-31 11,973.50 3,181.30 253.30
2014-09-30 11,973.50 3,181.30 253.30
2014-06-30 10,448.60 13,155.50 724.90
2014-03-31 10,448.56 13,795.03 724.90
2013-12-31 9,455.30 4,265.20 3,490.90
2013-09-30 9,455.30 4,265.20 3,490.90
2013-06-30 8,303.50 8,355.70 195.10
2013-03-31 8,303.51 8,703.40 195.16
2012-12-31 8,103.40 4,667.50 300.00
2012-09-30 8,103.40 4,667.50 300.00
  • 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).
X
Financial health checks
We assess KRBL's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. KRBL has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KRBL Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1%
Current annual income from KRBL dividends.
If you bought ₹2,000 of KRBL shares you are expected to receive ₹20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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 (2.52%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:KRBL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Food Industry Average Dividend Yield Market Cap Weighted Average of 71 Stocks 0.9%
India Market Average Dividend Yield Market Cap Weighted Average of 1439 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:KRBL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:KRBL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-26 2.300 0.725
2018-05-10 2.300 0.563
2017-09-01 2.100 0.388
2017-05-29 2.100 0.497
2016-03-10 1.900 0.661
2015-09-01 1.700 0.859
2015-05-28 1.700 0.985
2014-08-12 1.200 1.041
2013-08-30 0.800 1.933
2013-05-29 0.800 3.656
2012-09-07 0.300 1.200
2012-05-22 0.300 1.427
2011-05-25 0.300 1.428
2011-02-09 0.000 0.000
2010-08-10 0.300 0.849
2010-05-24 0.300 1.266
2009-11-05 0.300 1.396
2009-06-30 0.200 1.742
2009-06-01 0.200 2.018

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of KRBL's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess KRBL's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can KRBL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KRBL has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KRBL Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anil Mittal
COMPENSATION ₹9,879,600
AGE 68
CEO Bio

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 is having an experience of more than 34 Years in this business. He formulates the marketing strategy of KRBL and supervises the marketing functions (Exports as well as Domestic) of KRBL with a team of professional under his belt. Mr. Mittal is a Arts Graduate from Delhi University.

CEO Compensation
  • Anil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Anil's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the KRBL management team in years:

24.7
Average Tenure
58
Average Age
  • The average tenure for the KRBL management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anil Mittal

TITLE
Chairman & MD
COMPENSATION
₹10M
AGE
68

Anoop Gupta

TITLE
Joint MD & Executive Director
COMPENSATION
₹10M
AGE
60
TENURE
24.7 yrs

Arun Gupta

TITLE
Joint MD & Executive Director
COMPENSATION
₹10M
AGE
50
TENURE
24.7 yrs

Rakesh Mehrotra

TITLE
Chief Financial Officer
COMPENSATION
₹8M
AGE
58

Raman Sapra

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
TENURE
6.8 yrs

Priyanka Mittal

TITLE
Director of Sales & Marketing and Whole Time Director
COMPENSATION
₹6M
AGE
42

Ravinder Sharma

TITLE
Chief Operating Officer
Board of Directors Tenure

Average tenure and age of the KRBL board of directors in years:

11.8
Average Tenure
65
Average Age
  • The average tenure for the KRBL board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Anil Mittal

TITLE
Chairman & MD
COMPENSATION
₹10M
AGE
68

Anoop Gupta

TITLE
Joint MD & Executive Director
COMPENSATION
₹10M
AGE
60
TENURE
12.9 yrs

Arun Gupta

TITLE
Joint MD & Executive Director
COMPENSATION
₹10M
AGE
50

Priyanka Mittal

TITLE
Director of Sales & Marketing and Whole Time Director
COMPENSATION
₹6M
AGE
42
TENURE
11.3 yrs

Ashwani Dua

TITLE
Independent Non-Executive Director
COMPENSATION
₹40K
AGE
48
TENURE
12.2 yrs

Devendra Agarwal

TITLE
Independent Non-Executive Director
COMPENSATION
₹40K
AGE
65
TENURE
5.6 yrs

Vinod Ahuja

TITLE
Independent Non-Executive Director
COMPENSATION
₹40K
AGE
72

Shyam Arora

TITLE
Independent Non-Executive Director
COMPENSATION
₹30K
AGE
72
TENURE
12.2 yrs

Alok Sabharwal

TITLE
Independent Non-Executive Director
COMPENSATION
₹40K
AGE
67
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess KRBL's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. KRBL has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KRBL News

Simply Wall St News

If You Had Bought KRBL (NSE:KRBL) Stock Five Years Ago, You Could Pocket A 169% Gain Today

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, KRBL managed to grow its earnings per share at 14% a year. … We note that for KRBL the TSR over the last 5 years was 181%, which is better than the share price return mentioned above.

Simply Wall St -

A Look At KRBL Limited's (NSE:KRBL) Exceptional Fundamentals

In the case of KRBL Limited (NSE:KRBL), there's is a company with great financial health as well as a a strong history of performance. … This indicates that KRBL has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. … The intrinsic value infographic in our free research report helps visualize whether KRBL is currently mispriced by the market.

Simply Wall St -

How Does KRBL's (NSE:KRBL) P/E Compare To Its Industry, After The Share Price Drop?

While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. … One way to gauge market expectations of a stock is to look at its Price to Earnings Ratio (PE Ratio). … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

How Does KRBL's (NSE:KRBL) P/E Compare To Its Industry, After The Share Price Drop?

Unfortunately for some shareholders, the KRBL (NSE:KRBL) share price has dived 30% in the last thirty days. … Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio (PE Ratio). … NSEI:KRBL Price Estimation Relative to Market, July 10th 2019 Its relatively low P/E ratio indicates that KRBL shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Do Directors Own KRBL Limited (NSE:KRBL) Shares?

Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … See our latest analysis for KRBL NSEI:KRBL Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About KRBL? … Insider Ownership Of KRBL While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does KRBL Limited's (NSE:KRBL) P/E Ratio Signal A Buying Opportunity?

View our latest analysis for KRBL How Do I Calculate KRBL's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for KRBL: P/E of 15.15 = ₹323.7 ÷ ₹21.37 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each ₹1 of company earnings.

Simply Wall St -

Our Take On KRBL Limited's (NSE:KRBL) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … See our latest analysis for KRBL How Does Anil Mittal's Compensation Compare With Similar Sized Companies? … It appears that KRBL Limited remunerates its CEO below most similar sized companies.

Simply Wall St -

Read This Before Buying KRBL Limited (NSE:KRBL) For Its Dividend

During this period the dividend has been stable, which could imply the business could have relatively consistent earnings power. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Conclusion To summarise, shareholders should always check that KRBL's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

If You Had Bought KRBL (NSE:KRBL) Shares Five Years Ago You'd Have Made 420%

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, KRBL achieved compound earnings per share (EPS) growth of 16% per year. … This EPS growth is slower than the share price growth of 39% per year, over the same period.

Simply Wall St -

Here's What KRBL Limited's (NSE:KRBL) ROCE Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

KRBL Company Info

Description

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 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.

Details
Name: KRBL Limited
KRBL
Exchange: NSEI
Founded: 1889
₹54,151,444,654
235,389,892
Website: http://www.krblrice.com
Address: KRBL Limited
C-32, Sector 62,
5th and 6th Floors,
Noida,
Uttar Pradesh, 201301,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI KRBL Equity Shares National Stock Exchange of India IN INR 24. Jan 2002
BSE 530813 Equity Shares Mumbai Stock Exchange IN INR 24. Jan 2002
Number of employees
Current staff
Staff numbers
0
KRBL employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 12:50
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/03
Last earnings filing: 2019/08/01
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.