MoneyWorks4Me

KRBL Ltd (KRBL)

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

₹422.45 -0.95 (-0.22%)

As on 11-Sep'26 16:01

KRBL Ltd (KRBL)

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

₹422.45 -0.95 (-0.22%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹9,691 Cr.
Current Price
₹422.5
52-Week Low / High
₹275 / 467
TTM EPS
₹33.1
TTM Sales
₹6,009 Cr.
Book Value per Share
₹265.1
P/E Ratio
12.78
In line with its 5-year historical median
Industry PE
51.9
Price to Book (P/B)
1.60
Higher than its 5-year historical median
Price to Sales (P/S)
1.61
Higher than its 5-year historical median
EV/EBITDA
8.66
In line with its 5-year historical median
Dividend Yield
1.07%
Profitability Efficiency
Return on Equity (ROE)
11.73%
Outperforms industry median
Return on Capital Employed (ROCE)
15.26%
Outperforms industry median
Return on Assets (ROA)
10.11%
Operating Profit Margin
14.8%
Net Profit Margin
10.63%
Gross Profit Margin
15.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.01%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.77%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
36.13%
Asset Quality
Promoter Holding
60.17%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹6,044 Cr.
Equity
₹22.9 Cr.
Face Value
₹1
All Time Low / High
₹1.30 / 673.00

KRBL stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

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 8.84%, compared to the industry median CAGR of 8.84%, indicating stable growth and maintaining 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 5.1% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 21.6%23.2%20.9%21.2%20.4%15.5%21.2%16%11.9%15.3%-
Value Creation
Index
0.60.70.60.60.50.10.60.2-0.10.1-

Growth Parameters

Sales 3,1463,2464,1204,4993,9924,2115,3655,3855,5946,0986,009
Sales YoY Gr.-3.2%26.9%9.2%-11.3%5.5%27.4%0.4%3.9%9%-
Adj EPS 16.819.621.723.623.819.23025.720.628.233.1
YoY Gr.-17.1%10.6%8.6%0.9%-19.3%56.5%-14.2%-20.1%37.3%-
BVPS (₹) 79.596.8115.4132.5156.6172.6199211.9228.5253.2264.6
Adj Net
Profit
394462510554559451706589471646758
Cash Flow from Ops. 26535.8-1151,212384561-360226960932-
Debt/CF from Ops. 4.134.8-12.40.40.80.2-0.62.20.40.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.6%8.8%4.4%9%
Adj EPS 6%3.5%-2%37.3%
BVPS13.7%10.1%8.4%10.8%
Share Price 4.9% 10.4% -2.4% -5.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
23.722.320.41916.411.716.212.49.311.712.8
Op. Profit
Mgn %
20.62420.919.420.615.717.714.912.114.816.5
Net Profit
Mgn %
12.514.212.412.31410.713.210.98.410.612.6
Debt to
Equity
0.60.60.50.20.1000.10.10-
Working Cap
Days
256284281278306291262317298255155
Cash Conv.
Cycle
218250262251269255241300280238136

Valuation of KRBL - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,1483,2464,1204,4993,9924,2115,3655,3855,5946,098
Operating Expenses + 2,5042,4723,2713,6293,1703,5494,4264,5824,9195,196
Manufacturing Costs67232272263256283340295375421
Material Costs2,2302,0112,7103,0592,5982,8803,5513,8203,9564,125
Employee Cost 7269778692104118149174215
Other Costs 136159211221224282417318414435
Operating Profit 644774850870822662939802674902
Operating Profit Margin (%) 20.4%23.8%20.6%19.3%20.6%15.7%17.5%14.9%12.1%14.8%
Other Income + 20181523234393976170
Exceptional Items 0000000000
Interest 6469686224131524158
Depreciation 61686473727476798191
Profit Before Tax 538655733758749617941796640873
Tax 138221230199190158240200164225
Profit After Tax 399434503558559459701596476648
PAT Margin (%) 12.7%13.4%12.2%12.4%14.0%10.9%13.1%11.1%8.5%10.6%
Adjusted EPS (₹)17.018.521.423.723.719.529.826.020.828.3
Dividend Payout Ratio (%)12.40%12.50%11.70%11.80%14.70%17.90%3.40%15.40%16.80%15.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,9072,2882,7273,1283,6934,0704,6934,8585,2405,806
Share Capital 24242424242424232323
Reserves 1,8842,2642,7033,1043,6694,0474,6694,8355,2175,784
Debt +1,0521,2161,41548229489201507377130
Long Term Debt87523320600000
Short Term Debt9651,1641,38246328889201507377130
Minority Interest1111111111
Trade Payables254111224384219181120129151140
Others Liabilities 207242270429421407576432457521
Total Liabilities 3,4223,8584,6364,4234,6284,7485,5915,9276,2266,598

Fixed Assets

Net Fixed Assets +1,009970933970938911886890907911
Gross Block1,4921,5201,5431,6491,6791,7211,7691,8461,8911,967
Accumulated Depreciation4835506116787418108839569831,056
CWIP 221129216132114
Investments 10986192131115351860
Inventories2,0202,4633,1292,8522,9642,8164,1864,4513,8853,714
Trade Receivables230247397230201289285303468463
Cash Equivalents 5705531623914830462122
Others Assets 14797163299335317139125132515
Total Assets 3,4223,8584,6364,4234,6284,7485,5915,9276,2266,598
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 25861-1151,212384561-360224961933
PBT 538655733758749617941796640873
Adjustment 106130128128816213488632
Changes in Working Capital -274-534-756514-24656-1062-408373264
Tax Paid -112-190-220-188-201-175-253-212-138-237
Cash Flow From Investing Activity + -208-4920-54-12-206206-85-549-298
Capex -207-37-21-30-41-41-59-82-95-473
Net Investments -2-2435-2925-170189-38-478136
Others 013764477362439
Cash Flow From Financing Activity + -742559-1,148-227-3225-157-252-353
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -116-45-34-14-14-14-6000
Interest Paid -49-69-63-59-32-13-15-23-15-10
Dividend Paid 0-49-54-117-8-82-82-24-92-80
Others 91188211-959-173-213109-111-145-263
Net Cash Flow -2337-351014532-149-18161281
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)23.4520.7120.0619.0716.3911.841612.489.4311.73
ROCE (%)21.2522.1720.8321.0820.2815.4521.1215.9811.9215.26
Asset Turnover Ratio0.980.910.991.020.910.921.080.950.940.98
PAT to CFO Conversion(x)0.650.14-0.232.170.691.22-0.510.382.021.44
Working Capital Days
Receivable Days22.3026.3027.9024.7019.2020.7018.8019.7024.6027.10
Inventory Days221.20247.10242.40235.80259.10243.50228.90288.90266.10221.60
Payable Days32.5029.4011.1010.7012.6010.901011.901312.90

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Announcements

KRBL Ltd FAQs

The current trading price of KRBL on 11-Sep-2026 16:01 is ₹422.4.

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 10-Sep-2026 the market cap of KRBL stood at ₹9,691.2 Cr

The latest P/E ratio of KRBL as of 10-Sep-2026 is 12.79.

The latest P/B ratio of KRBL as of 10-Sep-2026 is 1.60.

The 52-week high of KRBL is ₹467.0 and the 52-week low is ₹274.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KRBL is ₹6,009 ( 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 Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of KRBL Ltd is likely to Rise 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.
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