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Orkla India Ltd (ORKLAINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544595 NSE: ORKLAINDIA Consumer Food | Small Cap | Orkla India Share Price

₹627.20 7.65 (1.23%)

As on 04-Jun'26 16:59

Orkla India Ltd (ORKLAINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544595 NSE: ORKLAINDIA Consumer Food | Small Cap | Orkla India Share Price

₹627.20 7.65 (1.23%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8,592 Cr.
Current Price
₹627.2
52-Week Low / High
₹533 / 755
TTM EPS
₹20.6
TTM Sales
₹2,464 Cr.
Book Value per Share
₹200.1
P/E Ratio
30.49
In line with its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
3.13
Higher than its 5-year historical median
Price to Sales (P/S)
3.49
In line with its 5-year historical median
EV/EBITDA
18.84
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
9.65%
Outperforms industry median
Return on Capital Employed (ROCE)
13.64%
Outperforms industry median
Return on Assets (ROA)
7.77%
Operating Profit Margin
16.4%
Net Profit Margin
10.71%
Gross Profit Margin
17.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.6%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.93%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
13.04%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,728 Cr.
Equity
₹13.7 Cr.
Face Value
₹1
All Time Low / High
₹532.95 / 755.00

Orkla India stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Orkla India Ltd a good quality company?
Orkla India 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 Orkla India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Orkla India Ltd vs industry peers?
Orkla India Ltd revenue CAGR is 24.05%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Orkla India Ltd?
Promoters hold 75.00% of the Orkla India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Orkla India Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% 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.
Orkla India 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 % 30.4%36.8%33.1%37.3%38.2%15.8%10.4%13.4%12.2%13.6%-
Value Creation
Index
1.31.71.51.81.80.2-0.20.0-0.10.0-

Growth Parameters

Sales 6326907037708079501,8182,1542,3562,3702,464
Sales YoY Gr.-9.2%1.8%9.6%4.8%17.8%91.4%18.5%9.4%0.6%-
Adj EPS 2.54.54.35.67.99.69.12716.42020.6
YoY Gr.-76.3%-3.1%29.6%40.2%22.4%-5.4%196.8%-39.1%21.8%-
BVPS (₹) 14.817.521.822.529.3145.1154.5181.7209.4179.4200.1
Adj Net
Profit
33.449.948.45577119112333220274282
Cash Flow from Ops. 57.16671.385.696.3144177188296388-
Debt/CF from Ops. 0.10.30.10.200.10.20.200-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.8%24.1%9.2%0.6%
Adj EPS 25.8%20.6%30.1%21.8%
BVPS32%43.7%5.1%-14.4%
Share Price - - - -

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.825.62223.730.311.46.1168.710.410.8
Op. Profit
Mgn %
10.612.813.713.916.919.712.814.414.516.416.1
Net Profit
Mgn %
5.37.26.97.19.512.56.215.49.311.611.4
Debt to
Equity
00.100.10000000
Working Cap
Days
5249504745466195112117117
Cash Conv.
Cycle
-4-22-5-5-31228281866

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6326907037708079501,8182,1542,3562,370
Operating Expenses + 5656026076636717631,5851,8452,0151,981
Manufacturing Costs636975838177152194175212
Material Costs3113303193493694299761,1391,2861,194
Employee Cost 79898495105111204221232239
Other Costs 113113129137115146252291321336
Operating Profit 678896107136187234309341389
Operating Profit Margin (%) 10.6%12.8%13.7%13.8%16.9%19.7%12.8%14.4%14.5%16.4%
Other Income + 56357917293266
Exceptional Items 00-22-110000-34
Interest 122165292776
Depreciation 16172023313156556262
Profit Before Tax 5475759095160165256305353
Tax 20242731244148-828099
Profit After Tax 3451485971119117338225254
PAT Margin (%) 5.4%7.4%6.8%7.7%8.8%12.5%6.4%15.7%9.5%10.7%
Adjusted EPS (₹)2.64.64.36.07.29.79.527.416.817.6
Dividend Payout Ratio (%)0.30%0%0%0%0%0%0%0%0%249.40%

Valuation of Orkla India - Standalone

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!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 1951962442212871,7891,9052,2412,8072,457
Share Capital 13111110101212121414
Reserves 1811852322112771,7761,8932,2292,7932,443
Debt +522318410353540
Long Term Debt3210004440
Short Term Debt220218410313100
Minority Interest0000000000
Trade Payables705370777391212181232263
Others Liabilities 2956486193389627646332440
Total Liabilities 2993273653764562,2792,7803,1023,3743,161

Fixed Assets

Net Fixed Assets +1251722122212212082,0181,9862,0551,980
Gross Block2593163704002622792,1322,1452,2672,246
Accumulated Depreciation1341441581794171114158212266
CWIP 12231324237448
Investments 272736531091,916230284325176
Inventories545763557290308348297305
Trade Receivables14181822161899115169159
Cash Equivalents 3710116181474115187
Others Assets 291921242727109221411345
Total Assets 2993273653764562,2792,7803,1023,3743,161

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 5766718696144177188296388
PBT 5475759095160165256305353
Adjustment 14152220452883644348
Changes in Working Capital 9-2-06-14-3-7-573090
Tax Paid -21-22-26-30-30-42-59-76-81-103
Cash Flow From Investing Activity + -46-44-52-33-68-1,254-171-163-237262
Capex -32-63-53-21-15-14-25-78-38-19
Net Investments -2417-1-12-5333-137-88-201264
Others 10211-1-1,273-92318
Cash Flow From Financing Activity + -0-33-20-54-231,111-50-15-45-613
Net Proceeds from Shares 000001,1130000
Net Proceeds from Borrowing 0000000-6-00
Interest Paid -0-1-2-1-5-4-7-9-6-5
Dividend Paid 0-00000000-600
Others -0-32-18-52-173-430-39-7
Net Cash Flow 11-11-1-152-44101538

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.3226.2321.8725.4727.9511.496.3216.38.99.65
ROCE (%)30.4436.8433.0837.3238.1915.810.3913.4312.2313.64
Asset Turnover Ratio2.342.262.082.122.080.730.770.780.790.79
PAT to CFO Conversion(x)1.681.291.481.461.351.211.510.561.321.53
Working Capital Days
Receivable Days7.708.3099.2086.2010.9016.9020.4023.20
Inventory Days29.8028.6030.5027.4026.8029.6037.1051.8046.3042.70
Payable Days73.1068.1070.2076.7073.9069.6056.706358.5075.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Orkla India Ltd FAQs

The current trading price of Orkla India on 04-Jun-2026 16:59 is ₹627.2.

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 Orkla India stood at ₹8,592 Cr

The latest P/E ratio of Orkla India as of 03-Jun-2026 is 30.49.

The latest P/B ratio of Orkla India as of 03-Jun-2026 is 3.13.

The 52-week high of Orkla India is ₹755.0 and the 52-week low is ₹533.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Orkla India is ₹2,464 ( Cr.) .

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

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

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

About Orkla India Ltd

Orkla India was originally incorporated as ‘MTR Foods Limited’ as a public company under the Companies Act, 1956 on August 21, 1996. Upon conversion of the company from a public limited company to a private limited company, pursuant to a resolution passed by the Board of Directors dated June 27, 2008, and a special resolution passed by its shareholders on August 12, 2008, its name was changed to ‘MTR Foods Private Limited’ and a fresh certificate of incorporation dated November 4, 2008 was issued by the RoC. Upon the conversion of the company into a public limited company, pursuant to a resolution passed by the Board of Directors dated February 26, 2025, and a Shareholders’ resolution dated March 13, 2025, the name of the company was changed to ‘Orkla India Limited’ on April 25, 2025.

It is a multi-category Indian food company with operations spanning several decades, offering a diverse range of products that cater to every meal occasion, from breakfast and lunch to dinner, snacks and beverages and desserts. Its products, under its brands MTR and Eastern, are crafted with authenticity and tradition, and are deeply rooted in the South Indian culinary heritage. The key product categories it offers are Spices (comprising blended and pure spices), and Convenience Foods (comprising ready-to-cook (RTC), ready-to-eat (RTE) foods and Vermicelli, among others). Its multi-category product portfolios are manufactured across its owned manufacturing facilities in India as well as contract manufacturing facilities in India and in the UAE, Thailand and Malaysia.

Business area of the company

The company is a multi-category Indian food company with operations spanning several decades. It offers a diverse range of products that cater to every meal occasion, including breakfast, lunch, snacks, dinner, beverages and desserts. The key product categories it offers are Spices and Convenience Foods.

Products of the company

Spices 

  • Blended Spices: Which includes Sambar Masala, Chicken Masala, Puliogare Masala, Rasam Masala and Meat Masala, among others.
  • Pure Spices: It includes Chilli, Kashmiri Chilli, Turmeric, Coriander and Cumin, among others.

Convenience Foods

  • Ready to Eat (RTE): It includes a variety of products that simplify the cooking process and enable quick meal preparation such as Breakfast Mixes, Sweet Mixes and Badam Milk beverage mixes, etc.
  • Ready to Cook (RTC): It is pre-prepared and packaged food products that require minimal to no further cooking, such as Paneer Butter Masala, Dal Makhani and Chana Masala, etc.
  • Vermicelli: It comprises a number of variants of Vermicelli as well as Macaroni preparations, which cater to the Indian palate, such as Seviyan Vermicelli, Rice Seviyan, etc.
  • Others: It includes Beverages (Badam Drink and Coffee), Pickles, Ginger Garlic Paste, Malabar Parotas, Cooking Aids, Pulses, Rice and Coconut Milk, Confectionery, among others.

Awards and recognitions

  • 2018: Economic Times Promising Brand Award 
  • 2018: Times Business award for Best Authentic Indian Food in Packaged Format
  • 2019: Recognised as one of the best brands by The Economic Times
  • 2024: Guinness world record for the longest dosa 
  • 2025: Emvies Bronze award for Best Media Innovation: Events/Experimental Marketing by TAC - The Advertising Club
  • 2025: Forbes India Leadership award for Regional Goliath

History and millstones

  • 1996: Incorporation of the company 
  • 2007: Acquisition of the company by Orkla Asia Pacific Pte. Ltd 
  • 2021: Acquisition of 67.82% stake in the Eastern Condiments by the company 
  • 2023: Amalgamation of Eastern Condiments and the company 
  • 2025: The company was converted to a public limited company

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