SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

TBI Corn Ltd (TBI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TBI Consumer Food | Small Cap | TBI Corn Share Price

BSE Share Price
Not Listed

TBI Corn Ltd (TBI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TBI Consumer Food | Small Cap | TBI Corn Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹135 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹10.1
TTM Sales
₹303 Cr.
Book Value per Share
₹55.8
P/E Ratio
7.37
Lower than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
1.33
Lower than its 5-year historical median
Price to Sales (P/S)
0.45
Lower than its 5-year historical median
EV/EBITDA
5.63
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
18.91%
Outperforms industry median
Return on Capital Employed (ROCE)
18.56%
Outperforms industry median
Return on Assets (ROA)
9.68%
Operating Profit Margin
11.2%
Net Profit Margin
6.44%
Gross Profit Margin
9.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
33.73%
Operating Profit Growth (1 Year)
-
33.33%
Net Profit Growth (1 Year)
-
34.95%
Asset Quality
Promoter Holding
56.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹83 Cr.
Equity
₹18.2 Cr.
Face Value
₹10
All Time Low / High
- / -

TBI Corn stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is TBI Corn Ltd a good quality company?
TBI Corn Ltd is a weak quality company, based on a inconsistent 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.

View More

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.

View More
How does TBI Corn Ltd performance compare with that of its Peers?
Q.1 Revenue growth of TBI Corn Ltd vs industry peers?
TBI Corn Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 10.88%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of TBI Corn Ltd?
Promoters hold 56.47% of the TBI Corn Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of TBI Corn Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -38.8% based on the current price.
View More

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.
TBI Corn Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'23Mar'24Mar'25TTM
ROCE % ⓘ18.8%24.6%18.6%-
Value Creation
Index ⓘ		0.30.80.3-

Growth Parameters ⓘ
Sales ⓘ115158212303
Sales YoY Gr.-37%33.7%-
Adj EPS ⓘ5.77.57.510.1
YoY Gr.-32%-0.1%-
BVPS (₹) ⓘ153255.855.8
Adj Net
Profit ⓘ		6.41013.618
Cash Flow from Ops. ⓘ-16.7-2.8-29.6-
Debt/CF from Ops. ⓘ-2.4-16.2-2.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA33.7%
Adj EPS ⓘNANANA-0.1%
BVPSⓘNANANA74.5%
Share Price - - - -31.4%

Key Financial Parameters ⓘ

Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		3833.718.918.1
Op. Profit
Mgn % ⓘ		9.311.211.2NAN
Net Profit
Mgn % ⓘ		5.56.46.46.1
Debt to
Equity ⓘ		2.41.10.6-
Working Cap
Days ⓘ		01812100
Cash Conv.
Cycle ⓘ		01341500

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales115158212
Operating Expenses ⓘ + 105140188
Manufacturing Costs8912
Material Costs95127170
Employee Cost 011
Other Costs ⓘ 245
Operating Profit ⓘ 101824
Operating Profit Margin (%) 9.1%11.2%11.2%
Other Income ⓘ + 112
Exceptional Items ⓘ 000
Interest ⓘ 245
Depreciation ⓘ 112
Profit Before Tax ⓘ 81418
Tax ⓘ 235
Profit After Tax 61014
PAT Margin (%) 5.4%6.4%6.4%
Adjusted EPS (₹)5.67.67.5
Dividend Payout Ratio (%)0%0%0%

Valuation of TBI Corn - 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'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1743101
Share Capital ⓘ 01318
Reserves ⓘ 172983
Debt +404665
Long Term Debt1495
Short Term Debt263760
Minority Interest000
Trade Payables171112
Others Liabilities ⓘ 322
Total Liabilities ⓘ 77102180

Fixed Assets

Net Fixed Assets ⓘ +7817
Gross Block7920
Accumulated Depreciation114
CWIP ⓘ 067
Investments ⓘ 000
Inventories465170
Trade Receivables213146
Cash Equivalents 000
Others Assets ⓘ 2640
Total Assets ⓘ 77102180

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -17-3-30
PBT ⓘ 81418
Adjustment ⓘ 112
Changes in Working Capital ⓘ -24-14-45
Tax Paid ⓘ -2-3-5
Cash Flow From Investing Activity ⓘ + -8-8-12
Capex -8-8-12
Net Investments 0-0-0
Others ⓘ 000
Cash Flow From Financing Activity ⓘ + 251142
Net Proceeds from Shares ⓘ 111645
Net Proceeds from Borrowing ⓘ 14-5-3
Interest Paid ⓘ 000
Dividend Paid ⓘ 000
Others ⓘ -000
Net Cash Flow ⓘ 00-0

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)37.1533.8918.91
ROCE (%)18.8224.5718.56
Asset Turnover Ratio1.51.771.5
PAT to CFO Conversion(x)-2.83-0.3-2.14
Working Capital Days
Receivable Days66.6059.9065.90
Inventory Days146.90112.30104.50
Payable Days674125

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

TBI Corn Ltd FAQs

The current trading price of TBI Corn on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of TBI Corn stood at ₹135.3 Cr

The latest P/E ratio of TBI Corn as of 31-Dec-1969 is 7.37.

The latest P/B ratio of TBI Corn as of 31-Dec-1969 is 1.33.

The 52-week high of TBI Corn is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TBI Corn is ₹303 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that TBI Corn Ltd is a below average quality company.

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

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

About TBI Corn Ltd

TBI Corn Limited was originally formed and registered as a Partnership Firm under the Partnership Act, 1932 (Partnership Act) in the name and style of ‘M/s The Best India’, pursuant to a deed of partnership dated February 24, 2000. Thereafter ‘M/s The Best India’ was converted from Partnership Firm to a Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of ‘TBI Corn Limited’ and received a certificate of incorporation dated June 22, 2022 issued by the Registrar of Companies, Pune. 

TBI Corn, an ISO 9001:2015 and ISO 22000:2018 certified company, is a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, it specializes in the production of good-quality Corn / Maize Grits and related products. The Company offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. Apart from ISO certifications, it holds certificates from MSME, APEDA, and are both Indian Organic and USDA Organic certified. It has successfully expanded into international markets, serving countries in the Gulf, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea and soon, Europe and the US.

Its products have a global presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and plans to venture into Europe and the US. It proudly supplies to renowned companies across India. Its products cater to the needs of corn starch and cattle feed industries, with potential expansion in this sector. It has dedicated teams for research and development, ensuring continuous innovation and strategic growth. The Company is a trusted name in the corn milling industry, known for its commitment to quality, innovation, and international excellence. With its expanding reach and unwavering dedication, it aims to continue providing good quality corn products to customers worldwide.

Business area of the company

TBI Corn, an ISO 9001:2015 and ISO 22000:2018 certified company, is a prominent player in the corn milling industry. The Company offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free.

Products of the company 

  • Corn grits
  • Corn bran
  • Broken maize
  • Processed Indian yellow maize
  • Corn flour
  • Corn flakes
  • Corn germ

History and milestones

  • 1990: Focus on yeast processing 
  • 2000: Register the firm under The Partnership Act, 1932 and Transition to manufacturing yeast and yeast powder. 
  • 2004: Entry into corn bran and corn powder production. 
  • 2005-2010: Expansion into maize and poultry industries. 
  • 2011-2012: Diversification into broken maize supply. 
  • 2013-2014: Introduction of Maka Poha (Raw Corn Flakes). 
  • 2015-2016: Establishment of a fully automated, ISO 22000:2018 compliant food processing unit.
  • 2022: Conversion of Partnership Firm to a Limited Company under Part I (Chapter XXI) of the Companies Act, 2013 in the name of ‘TBI Corn Limited’.

You have 0 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

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:

×