SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

KRBL Ltd (KRBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530813 NSE: KRBL Consumer Food | Small Cap | KRBL Share Price

₹351.30 0.45 (0.13%)

As on 04-Jun'26 16:59

KRBL Ltd (KRBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530813 NSE: KRBL Consumer Food | Small Cap | KRBL Share Price

₹351.30 0.45 (0.13%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,041 Cr.
Current Price
₹351.3
52-Week Low / High
₹275 / 495
TTM EPS
₹28.3
TTM Sales
₹6,098 Cr.
Book Value per Share
₹253.2
P/E Ratio
12.41
In line with its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
1.39
Lower than its 5-year historical median
Price to Sales (P/S)
1.32
Lower than its 5-year historical median
EV/EBITDA
8.28
In line with its 5-year historical median
Dividend Yield
1.28%
Profitability Efficiency
Return on Equity (ROE)
9.44%
Outperforms industry median
Return on Capital Employed (ROCE)
11.94%
Outperforms industry median
Return on Assets (ROA)
7.84%
Operating Profit Margin
12.1%
Net Profit Margin
8.51%
Gross Profit Margin
12.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.95%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-20.09%
Asset Quality
Promoter Holding
60.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,773 Cr.
Equity
₹22.9 Cr.
Face Value
₹1
All Time Low / High
₹1.30 / 673.00

KRBL stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is KRBL Ltd a good quality company?
KRBL Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does KRBL Ltd performance compare with that of its Peers?
Q.1 Revenue growth of KRBL Ltd vs industry peers?
KRBL Ltd revenue CAGR is 4.45%, compared to the industry median CAGR of 7.03%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of KRBL Ltd?
Promoters hold 60.17% of the KRBL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of KRBL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KRBL Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.8%21.6%23.2%20.9%21.2%20.4%15.5%21.2%16%11.9%-
Value Creation
Index
0.30.60.70.60.60.50.10.60.2-0.1-

Growth Parameters

Sales 3,3483,1463,2464,1204,4993,9924,2115,3655,3855,5946,098
Sales YoY Gr.--6%3.2%26.9%9.2%-11.3%5.5%27.4%0.4%3.9%-
Adj EPS 13.916.819.621.723.623.819.23025.720.628.3
YoY Gr.-20.3%17.1%10.6%8.6%0.9%-19.3%56.5%-14.2%-20.1%-
BVPS (₹) 6279.596.8115.4132.5156.6172.6199211.9228.5253.2
Adj Net
Profit
328394462510554559451706589471648
Cash Flow from Ops. 43226535.8-1151,212384561-360226960-
Debt/CF from Ops. 2.74.134.8-12.40.40.80.2-0.62.20.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.9%4.5%9.9%3.9%
Adj EPS 4.4%-2.7%2.4%-20.1%
BVPS15.6%11.5%9.8%7.9%
Share Price 2.7% 9.1% -1.2% -4.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
24.123.722.320.41916.411.716.212.49.311.8
Op. Profit
Mgn %
13.520.62420.919.420.615.717.714.912.114.4
Net Profit
Mgn %
9.812.514.212.412.31410.713.210.98.410.6
Debt to
Equity
0.80.60.60.50.20.1000.10.10
Working Cap
Days
233256284281278306291262317298155
Cash Conv.
Cycle
207218250262251269255241300280136

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,3483,1463,2464,1204,4993,9924,2115,3655,3855,594
Operating Expenses + 2,8982,4972,4673,2693,6273,1683,5484,4264,5834,920
Manufacturing Costs5667232272263256283340295375
Material Costs2,6292,2282,0112,7103,0582,5982,8803,5513,8203,956
Employee Cost 627067748288101115146172
Other Costs 151132157213224226284420322417
Operating Profit 450649779850872824663939802674
Operating Profit Margin (%) 13.4%20.6%24.0%20.6%19.4%20.6%15.7%17.5%14.9%12.1%
Other Income + 92154015222242939761
Exceptional Items 0000000000
Interest 67646968622413152415
Depreciation 50616864737274767981
Profit Before Tax 425539682733759751618941795640
Tax 98138221230199190158240200164
Profit After Tax 327401462503559560460701595476
PAT Margin (%) 9.8%12.8%14.2%12.2%12.4%14.0%10.9%13.1%11.1%8.5%
Adjusted EPS (₹)13.917.019.621.423.823.819.529.826.020.8
Dividend Payout Ratio (%)13.70%12.30%11.70%11.70%11.80%14.70%17.90%3.40%15.40%16.80%

Valuation of KRBL - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,4601,8722,2792,7173,1193,6854,0634,6844,8495,231
Share Capital 24242424242424242323
Reserves 1,4371,8482,2562,6943,0953,6624,0404,6614,8265,208
Debt +1,0951,0521,2161,41548229489201507377
Long Term Debt2038752332060000
Short Term Debt8919651,1641,38246328889201507377
Minority Interest0000000000
Trade Payables142254111224385219181120129151
Others Liabilities 245207242270428420406576432457
Total Liabilities 2,9423,3863,8494,6274,4134,6194,7395,5815,9176,215

Fixed Assets

Net Fixed Assets +760998967930967935908883887904
Gross Block1,1841,4811,5161,5401,6451,6751,7181,7651,8421,887
Accumulated Depreciation424483549610678741810882955983
CWIP 1002211292161321
Investments 1214131210232535119355
Inventories1,7932,0192,4623,1292,8522,9642,8164,1864,4513,885
Trade Receivables157231247397230201289285303468
Cash Equivalents 183694511613904729461
Others Assets 10111889154290326308129115122
Total Assets 2,9423,3863,8494,6274,4134,6194,7395,5815,9176,215

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 43226536-1151,212384561-360223960
PBT 425539682733759751618941795640
Adjustment 281111061281288162134886
Changes in Working Capital 74-273-562-757513-24756-1062-408373
Tax Paid -96-112-190-220-188-201-175-253-212-138
Cash Flow From Investing Activity + -85-202-2420-54-12-206206-85-523
Capex -172-201-36-21-30-41-41-59-82-95
Net Investments -2-2-2435-2925-170189-38-453
Others 890367644773624
Cash Flow From Financing Activity + -335-782560-1,148-227-3225-157-252
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -39-116-45-34-14-14-14-600
Interest Paid -60-49-69-63-59-32-13-15-23-15
Dividend Paid -840-49-54-117-8-82-82-24-92
Others -15287188211-959-173-213109-111-145
Net Cash Flow 11-1536-361014532-149-18186

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)24.0824.0822.2520.1419.1716.4711.8716.0212.499.44
ROCE (%)18.8121.5923.1720.8821.1720.3615.521.151611.94
Asset Turnover Ratio1.130.990.920.991.020.910.931.080.950.94
PAT to CFO Conversion(x)1.320.660.08-0.232.170.691.22-0.510.372.02
Working Capital Days
Receivable Days25.8022.5026.3027.9024.7019.2020.7018.8019.7024.60
Inventory Days199.10221.10247242.40235.80259.10243.50228.90288.90266.10
Payable Days20.6032.5029.4011.2010.8012.7010.901011.9012.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

KRBL Ltd FAQs

The current trading price of KRBL on 04-Jun-2026 16:59 is ₹351.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of KRBL stood at ₹8,040.9 Cr

The latest P/E ratio of KRBL as of 03-Jun-2026 is 12.41.

The latest P/B ratio of KRBL as of 03-Jun-2026 is 1.39.

The 52-week high of KRBL is ₹495.0 and the 52-week low is ₹274.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KRBL is ₹6,098 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that KRBL Ltd is a good quality company.

The key valuation ratios of KRBL Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of KRBL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About KRBL Ltd

KRBL, from modest beginnings in 1899, has grown into the world’s largest rice miller, famed for its flagship brand ‘India Gate’. KRBL enjoys premier status in the Indian Basmati Rice Industry and has been a leader in the segment for over a century. It is India’s first integrated rice company and its primary operations include manufacturing and marketing rice products. The company’s success is a result of responsible operations that have been executed efficiently, complemented by innovative manufacturing and a proactive approach to identifying and making the most of new opportunities.

As KRBL evolved over the years, its product portfolio has widened to cater to consumers across geographies. The dietary market is consumer-driven and offers KRBL’s products a source of steady demand in India and the Company aims to cater to international markets, too. KRBL has made its presence felt in every aspect of the entire value chain, from seed development and multiplication to contact farming, production and marketing. The company does not rest on its laurels and is dedicated to enhancing offtake, widening the reach and deploying technologies that bolster cost-competitiveness.

Business area of the company

The company is the world’s leading basmati rice producer and rice miller, and famed for its flagship brand ‘India Gate’. The company is evolving beyond a rice provider to become a full-fledged food provider FMCG Company, leveraging its integrated value chain across seed development, farming, milling, processing, and packaging. The company envisions itself as a global, humanitarian brand, committed to uplifting underprivileged communities and driving meaningful socioeconomic change.

Product Portfolio

  • Basmati range
  • Regional Rice Range
  • Uplife
  • Biryani Masala

Awards

  • 1996: KRBL was awarded the ‘Super Star Trading House’ for its increasing export success.
  • 1997: Agricultural and Processed Foods Exports Development Authority (APEDA) award for the largest exporter of Basmati rice.
  • 1998-99: APEDA award for the largest exporter of Basmati rice.
  • 1999-2000: KRBL was awarded ‘Largest and Best exporter’ award, by the Govt. of U.P, India.
  • 2000: APEDA award for the largest exporter of Basmati rice.
  • 2000-01: APEDA award for the largest exporter of Basmati rice.
  • 2002: Le livre Guinness des records for the world’s biggest kabsa, Bahrain.
  • 2002-03: Awarded Golden trophy by FIEO for export excellence.
  • 2002-03: APEDA award for the largest exporter of Basmati rice.
  • 2002-03: APEDA export award 2002-03 for export promotion & quality.
  • 2004-05: APEDA award for the largest exporter of Basmati rice.
  • 2005: KRBL earned recognition of a Four Star Export House.
  • 2005: ‘MERA BRAND’, by Consumer World Awards as India’s most preferred brand.
  • 2006: INDIASTAR 2006 for excellence in Packaging in India.
  • 2006-07: APEDA for the largest exporter of Basmati rice.
  • 2007-08: CONCOR ‘Best Exporter’ award in the north-central region.
  • 2007-08: APEDA Award, Golden Trophy, for the largest exporter of Basmati rice.
  • 2008: MERA BRAND’, by ConsumerWorld Awards as India’s most preferred brand.
  • 2008: PFFCASTAR for excellence in packaging for India Gate Window Metallized Pack with Mat Finish.
  • 2008-09: APEDA Award, Golden Trophy, for the largest exporter of Basmati rice.
  • 2015: NAAS India, Silver Jubilee Award for the Basmati rice trade development in India.
  • 2016: Guinness World Records for the world’s heaviest bag of rice, UAE.
  • 2022: KRBL was Recognised as the Winner of the Climate Positive Award 2022.
  • 2022: GO Green Certificate received for E-waste Recycling.
  • 2023: Silver At the Indian PR And Corporate Communication Awards (IPRCCA) 2023 For the Best Public Affairs Campaign.
  • 2023: Ndia Gate Wins Gold for Chalchitra Campaign at Drivers of Digital Awards 2023.
  • 2023: Honored With Gold at the 2023 Vision Awards by LACP, USA
  • 2024: India Gate Wins Bronze for Regional Campaign at Et Brand Equity Shark Awards 2024.
  • 2024: DET Hurun India Manufacturing 400 List 2024
  • 2024: KRBL was awarded a Gold Award at the LACP 2024 Spotlight Awards for its excellence in corporate communications, specifically in the annual report category, for two consecutive years.
  • 20224: India Gate won a Silver award for Best Use of Social Media at the IAMAI Digital Awards for its OOH Contextual campaign.
  • 2025: Drivers of Digital Awards and Summit 2025

Key events and milestones

  • 1889: KRBL started its journey at Lyallpur, Pakistan.
  • 1890 to 1990: Shifted focus from oil, wheat and cotton to rice production. Also shifted base from Lyallpur to Lahori Gate, Delhi.
  • 1992: Established KRBL’s first state-of-the-art basmati processing plant at Gautam Budh Nagar, Uttar Pradesh.
  • 1993: Registered as a Public Limited Company.
  • 1995: KRBL got listed at BSE, Delhi Stock Exchange and Ahmedabad Stock Exchange.
  • 1998: Received ISO-9002 certification for the Alipur, Delhi plant.
  • 1998: KRBL entered the Indian FMCG market with India Gate and Doon as its rice brands.
  • 2001: Received ISO9002 certification for the Gautam Budh Nagar Plant, Uttar Pradesh.
  • 2003: KRBL is the first Indian company to receive FDI approval in the Indian rice industry.
  • 2004: Received the HACCP & SQF certification.
  • 2004: Set up KRBL’s processing, grading, and packaging facility at Dhuri, Punjab.
  • 2006: KRBL issued depositary receipts (DR) worth $ 12 million.
  • 2006: KRBL entered into wind power business.
  • 2009: Crossed the Rs 1,000 crore revenue landmark.
  • 2013: Crossed the Rs 2,000 crores revenue landmark.
  • 2013: KRBL entered into solar power business.
  • 2016: Received the Halal certification for its manufacturing facilities.
  • 2016: KRBL set up its fourth facility at Haryana.
  • 2017: Strengthened KRBL’s energy portfolio with total capacity of 112.25 MW in wind power, 15 MW in solar projects and 17.59 MW in biomass.
  • 2017: KRBL’s rice mill and processing unit received certification for complying with SOP for export of rice products to China and the US.
  • 2019-2020: Crossed the Rs 4,000 crore revenue landmark.
  • 2019-2020: Trademark registration of its flagship brand ‘INDIA GATE’ registered on August 12, 2019 with a user claim since January 01, 1979.
  • 2019-2020: A moment of pride for the company, as KRBL got featured on Discovery Channel in Flagship series ‘Inside Out’ ‘God of Grains’.
  • 2023: Commissioned a new unit in Gujarat. 
  • 2023: Operationalized Mid-day meal kitchen as a CSR initiative.
  • 2024: Launched new products, such as Biryani Masala. 
  • 2024: Crossed Rs 1000 crore in revenue from the domestic market in a single quarter for the first time.
  • 2025: Welcomed Amitabh Bachchan as brand ambassador.
  • 2025: Expanded its portfolio with India Gate Uplife Gut Pro Oil, the weight watchers range.
  • 2025: Refreshed India Gate packaging.
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×