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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
₹588.50 10.40 (1.80%)
As on 11-Sep'26 15:55
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
₹588.50 10.40 (1.80%)
As on 11-Sep'26 15:55
Key Metrics
Valuation Multiples
Market Cap
₹7,919 Cr.
Current Price
₹588.5
52-Week Low / High
₹533 / 755
TTM EPS
₹21.5
TTM Sales
₹2,571 Cr.
Book Value per Share
₹206.8
P/E Ratio
26.90
Lower than its 5-year historical median
Industry PE
51.9
Price to Book (P/B)
2.80
Higher than its 5-year historical median
Price to Sales (P/S)
3.08
Lower than its 5-year historical median
EV/EBITDA
16.80
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
10.98%
Outperforms industry median
Return on Capital Employed (ROCE)
14.94%
Outperforms industry median
Return on Assets (ROA)
8.69%
Operating Profit Margin
16.9%
Net Profit Margin
11.39%
Gross Profit Margin
16.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.9%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.73%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,819 Cr.
Equity
₹13.7 Cr.
Face Value
₹1
All Time Low / High
₹532.95 / 755.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
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?
Revenue growth of Orkla India Ltd vs industry peers?
Orkla India Ltd revenue CAGR is 20.99%, compared to the industry median CAGR of 8.84%, indicating faster growth and gaining its market share.
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.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 36.8% | 33.1% | 37.3% | 38.2% | 15.8% | 10.4% | 13.4% | 12.2% | 13.6% | 14.8% | - |
| Value Creation Index ⓘ | 1.7 | 1.5 | 1.8 | 1.8 | 0.2 | -0.2 | 0.0 | -0.1 | 0.0 | 0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 690 | 703 | 770 | 807 | 950 | 1,818 | 2,154 | 2,356 | 2,370 | 2,464 | 2,521 |
| Sales YoY Gr. | - | 1.8% | 9.6% | 4.8% | 17.8% | 91.4% | 18.5% | 9.4% | 0.6% | 4% | - |
| Adj EPS ⓘ | 4.5 | 4.3 | 5.6 | 7.9 | 9.6 | 9.1 | 27 | 16.4 | 20 | 21 | 21.2 |
| YoY Gr. | - | -3.1% | 29.6% | 40.2% | 22.4% | -5.4% | 196.8% | -39.1% | 21.9% | 4.9% | - |
| BVPS (₹) ⓘ | 17.5 | 21.8 | 22.5 | 29.3 | 145.1 | 154.5 | 181.7 | 209.4 | 179.4 | 199.8 | 206.1 |
| Adj Net Profit ⓘ | 49.9 | 48.4 | 55 | 77 | 119 | 112 | 333 | 220 | 274 | 287 | 291 |
| Cash Flow from Ops. ⓘ | 66 | 71.3 | 85.6 | 96.3 | 144 | 177 | 188 | 296 | 388 | 259 | - |
| Debt/CF from Ops. ⓘ | 0.3 | 0.1 | 0.2 | 0 | 0.1 | 0.2 | 0.2 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.2% | 21% | 4.6% | 4% | ||||
| Adj EPS ⓘ | 18.8% | 16.9% | -8% | 4.9% | ||||
| BVPSⓘ | 31.1% | 6.6% | 3.2% | 11.4% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 25.6 | 22 | 23.7 | 30.3 | 11.4 | 6.1 | 16 | 8.7 | 10.4 | 11.1 | 10.5 |
| Op. Profit Mgn % ⓘ | 12.8 | 13.7 | 13.9 | 16.9 | 19.7 | 12.8 | 14.4 | 14.5 | 16.4 | 17 | 16.5 |
| Net Profit Mgn % ⓘ | 7.2 | 6.9 | 7.1 | 9.5 | 12.5 | 6.2 | 15.4 | 9.3 | 11.6 | 11.7 | 11.5 |
| Debt to Equity ⓘ | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 49 | 50 | 47 | 45 | 46 | 61 | 95 | 112 | 117 | 106 | 80 |
| Cash Conv. Cycle ⓘ | -2 | 2 | -5 | -5 | -3 | 12 | 28 | 28 | 18 | 16 | 49 |
Valuation of Orkla India - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 705 | 716 | 784 | 820 | 967 | 1,838 | 2,172 | 2,356 | 2,395 | 2,509 |
| Operating Expenses ⓘ + | 615 | 619 | 675 | 682 | 776 | 1,601 | 1,861 | 2,015 | 2,003 | 2,090 |
| Operating Profit ⓘ | 90 | 98 | 109 | 138 | 191 | 237 | 311 | 341 | 392 | 419 |
| Operating Profit Margin (%) | 12.7% | 13.6% | 13.9% | 16.8% | 19.8% | 12.9% | 14.3% | 14.5% | 16.4% | 16.7% |
| Other Income ⓘ + | 5 | 3 | 5 | 6 | 11 | 17 | 29 | 32 | 65 | 41 |
| Interest ⓘ | 2 | 2 | 1 | 7 | 5 | 29 | 27 | 7 | 7 | 7 |
| Depreciation ⓘ | 17 | 20 | 23 | 32 | 31 | 56 | 55 | 62 | 62 | 54 |
| Profit Before Tax ⓘ | 76 | 76 | 90 | 94 | 165 | 167 | 257 | 307 | 355 | 382 |
| Tax ⓘ | 24 | 27 | 29 | 25 | 41 | 50 | -82 | 81 | 99 | 97 |
| Profit After Tax | 52 | 48 | 61 | 69 | 123 | 117 | 339 | 226 | 256 | 286 |
| PAT Margin (%) | 7.3% | 6.8% | 7.8% | 8.5% | 12.8% | 6.4% | 15.6% | 9.6% | 10.7% | 11.4% |
| Adjusted EPS (₹) | 4.6 | 4.3 | 6.2 | 7.1 | 10.0 | 9.5 | 27.5 | 16.9 | 17.7 | 20.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 247.60% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 186 | 234 | 213 | 277 | 1,783 | 1,900 | 2,240 | 2,807 | 2,460 | 2,745 | |
| Debt + | 30 | 12 | 26 | 13 | 70 | 29 | 35 | 4 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 55 | 71 | 78 | 74 | 214 | 213 | 182 | 232 | 270 | 254 | |
| Others Liabilities ⓘ | 57 | 49 | 60 | 93 | 621 | 651 | 645 | 333 | 442 | 403 | |
| Total Liabilities ⓘ | 327 | 366 | 378 | 456 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 199 | 239 | 257 | 248 | 2,036 | 2,045 | 2,013 | 2,055 | 1,981 | 1,968 | |
| CWIP ⓘ | 23 | 13 | 2 | 4 | 4 | 3 | 74 | 4 | 8 | 4 | |
| Investments ⓘ | 0 | 9 | 24 | 80 | 52 | 201 | 255 | 325 | 175 | 573 | |
| Inventories | 58 | 64 | 56 | 74 | 308 | 310 | 350 | 297 | 309 | 295 | |
| Trade Receivables | 18 | 18 | 22 | 16 | 95 | 99 | 116 | 169 | 163 | 183 | |
| Cash Equivalents | 11 | 2 | 1 | 6 | 69 | 14 | 75 | 115 | 191 | 23 | |
| Others Assets ⓘ | 18 | 21 | 15 | 28 | 124 | 121 | 219 | 411 | 346 | 357 | |
| Total Assets ⓘ | 327 | 366 | 378 | 456 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 67 | 72 | 87 | 96 | 148 | 180 | 190 | 296 | 392 | 261 |
| Cash Flow From Investing Activity ⓘ + | -44 | -53 | -33 | -68 | -1,203 | -168 | -165 | -237 | 263 | -308 |
| Cash Flow From Financing Activity ⓘ + | -34 | -19 | -54 | -23 | 1,109 | -57 | -15 | -45 | -613 | -13 |
| Net Cash Flow ⓘ | -11 | -1 | -1 | 5 | 53 | -45 | 10 | 15 | 42 | -59 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.89 | 23.06 | 27.26 | 28.28 | 11.97 | 6.36 | 16.38 | 8.97 | 9.71 | 10.98 |
| ROCE (%) | 37.7 | 33.62 | 37.61 | 38.05 | 15.74 | 10.33 | 13.49 | 12.33 | 13.72 | 14.94 |
| Asset Turnover Ratio | 2.3 | 2.12 | 2.15 | 2.11 | 0.65 | 0.72 | 0.79 | 0.79 | 0.8 | 0.84 |
| PAT to CFO Conversion(x) | 1.29 | 1.5 | 1.43 | 1.39 | 1.2 | 1.54 | 0.56 | 1.31 | 1.53 | 0.91 |
| Working Capital Days | ||||||||||
| Receivable Days | 8 | 8.90 | 9.20 | 7.90 | 19.90 | 17.80 | 16.90 | 20.40 | 23.20 | 22.70 |
| Inventory Days | 28.90 | 30.60 | 27.50 | 27 | 68.40 | 56.80 | 51.80 | 46.40 | 42.40 | 39.80 |
| Payable Days | 69.30 | 70.80 | 77.20 | 74.10 | 120.80 | 79.10 | 62.80 | 58.70 | 75.40 | 68.70 |
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Orkla India Ltd FAQs
The current trading price of Orkla India on 11-Sep-2026 15:55 is ₹588.5.
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 Orkla India stood at ₹7,919.4 Cr
The latest P/E ratio of Orkla India as of 10-Sep-2026 is 27.26.
The latest P/B ratio of Orkla India as of 10-Sep-2026 is 2.80.
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 ₹2,521 ( 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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