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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Kaveri Seed Company Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:18 am

Market Cap 4,510 Cr.
Current Price 877
High / Low 1,201/599
Stock P/E15.0
Book Value 301
Dividend Yield0.57 %
ROCE21.8 %
ROE20.3 %
Face Value 2.00
PEG Ratio2.87

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
GRM Overseas Ltd 1,156 Cr. 193 289/11322.2 60.60.00 %12.9 %18.3 % 2.00
Freshtrop Fruits Ltd 133 Cr. 167 183/121 1450.00 %6.40 %51.6 % 10.0
Chamanlal Setia Exports Ltd 2,075 Cr. 401 443/18118.6 1310.56 %20.2 %17.4 % 2.00
Mangalam Global Enterprise Ltd 402 Cr. 24.4 32.0/15.914.5 11.60.08 %13.8 %15.2 % 2.00
LT Foods Ltd 14,314 Cr. 412 452/16023.8 1050.36 %21.1 %19.3 % 1.00
Industry Average3,240.00 Cr289.8531.91114.890.29%12.89%17.86%3.58

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales119646301481266768616714474736171143
Expenses108804301411197743915913190458160134
Operating Profit10-1620067-11247913-17278119
OPM %9%-25%32%4%6%-16%36%5%9%-23%38%7%6%
Other Income8415157477328121413
Interest0000000000000
Depreciation6655565556667
Profit before tax12-17210179-122491140-142841915
Tax %24%-2%2%22%19%4%2%50%4%-12%3%25%25%
Net Profit9-18205137-12245538-162751411
EPS in Rs1.51-2.8833.772.191.31-2.0241.810.916.81-2.7748.912.452.11

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7111,0101,1597437038188089291,0339681,0681,125
Expenses572789850556564597596676735765816839
Operating Profit139221310188140222212253298203252286
OPM %20%22%27%25%20%27%26%27%29%21%24%25%
Other Income6101513-2524434646415565
Interest200001101000
Depreciation121615273025232622212122
Profit before tax13221431017384220231273321223286328
Tax %3%2%3%3%8%4%6%5%3%4%5%
Net Profit12820930116777211217260311213273311
EPS in Rs18.7030.4243.6824.3111.2731.9634.4542.9451.4736.4348.5955.40
Dividend Payout %17%16%17%10%0%9%9%7%8%11%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)63.28%44.02%-44.52%-53.89%174.03%2.84%19.82%19.62%-31.51%28.17%
Change in YoY Net Profit Growth (%)0.00%-19.26%-88.54%-9.37%227.92%-171.18%16.97%-0.20%-51.13%59.68%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:1%
5 Years:7%
3 Years:4%
TTM:5%
Compounded Profit Growth
10 Years:3%
5 Years:7%
3 Years:-3%
TTM:-3%
Stock Price CAGR
10 Years:1%
5 Years:13%
3 Years:19%
1 Year:43%
Return on Equity
10 Years:21%
5 Years:20%
3 Years:17%
Last Year:20%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital14141414141313121212111010
Reserves3315027419131,0019999949471,2321,2691,3541,2221,538
Borrowings3112537621100
Other Liabilities520512402432509449536612714596683815902
Total Liabilities8681,0281,1581,3611,5281,4651,5501,5771,9601,8772,0482,0482,450
Fixed Assets137144161202200189240250246242261297286
CWIP8126220343738183143133134154
Investments132278295506657623510384599517562476612
Other Assets5905956416336376157639251,0851,0751,0921,1401,399
Total Assets8681,0281,1581,3611,5281,4651,5501,5771,9601,8772,0482,0482,450

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +110193145246218148128192252110297389
Cash from Investing Activity +-58-162-84-202-1507182112-21766-11938
Cash from Financing Activity +-47-38-61-42-56-226-219-301-29-170-176-425
Net Cash Flow5-8-0311-7-935713

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow136.00220.00309.00186.00135.00219.00205.00247.00296.00202.00251.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days352437394438384637424636
Inventory Days568484411462399386483485486517464467
Days Payable288223128198270192188203242156150155
Cash Conversion Cycle316284320304174233334329281403360347
Working Capital Days2724749656759512613017512380
ROCE %48%47%21%15%21%20%24%27%16%17%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters57.28%57.44%57.44%57.44%57.44%59.90%59.90%59.90%59.90%59.90%60.50%60.50%
FIIs13.41%17.58%17.61%17.68%15.03%16.45%16.54%16.29%16.29%17.69%17.22%18.97%
DIIs10.81%6.69%6.95%7.45%6.44%6.86%6.80%6.76%6.76%4.58%4.83%4.98%
Public16.99%16.79%16.50%15.94%19.60%15.22%15.18%15.58%15.58%16.36%15.87%14.97%
Others1.50%1.51%1.50%1.50%1.50%1.57%1.56%1.46%1.46%1.46%1.58%0.59%
No. of Shareholders65,44768,17467,28660,79170,40560,03657,57456,82956,82949,17452,44749,074

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund21,6280.291.3421,6282024-12-190%
Groww Nifty Total Market Index Fund490.01021,6282024-12-19-99.77%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)54.5847.8936.3752.2341.82
Diluted EPS (Rs.)54.5847.8936.3752.2341.82
Cash EPS (Rs.)63.7452.4340.0855.2747.34
Book Value[Excl.RevalReserv]/Share (Rs.)239.64244.50219.83206.43158.95
Book Value[Incl.RevalReserv]/Share (Rs.)239.64244.50219.83206.43158.95
Revenue From Operations / Share (Rs.)223.26191.40166.32171.78154.21
PBDIT / Share (Rs.)67.8554.8341.8056.9849.53
PBIT / Share (Rs.)62.4151.1638.2253.2945.27
PBT / Share (Rs.)62.3651.1238.1953.2145.19
Net Profit / Share (Rs.)58.3048.7536.4951.5843.08
NP After MI And SOA / Share (Rs.)58.0848.5936.4351.4742.94
PBDIT Margin (%)30.3928.6425.1333.1732.11
PBIT Margin (%)27.9526.7222.9731.0229.35
PBT Margin (%)27.9326.7122.9630.9729.30
Net Profit Margin (%)26.1125.4721.9330.0327.93
NP After MI And SOA Margin (%)26.0125.3821.9029.9627.84
Return on Networth / Equity (%)24.2319.9016.5824.9527.02
Return on Capital Employeed (%)24.9320.2816.7524.9927.29
Return On Assets (%)14.5613.2411.3015.8216.41
Long Term Debt / Equity (X)0.000.000.000.000.01
Total Debt / Equity (X)0.000.000.000.000.01
Asset Turnover Ratio (%)0.550.540.470.550.56
Current Ratio (X)1.982.462.732.392.18
Quick Ratio (X)0.841.161.201.090.91
Inventory Turnover Ratio (X)0.690.650.530.840.84
Dividend Payout Ratio (NP) (%)9.228.4510.817.658.81
Dividend Payout Ratio (CP) (%)8.437.869.847.148.01
Earning Retention Ratio (%)90.7891.5589.1992.3591.19
Cash Earning Retention Ratio (%)91.5792.1490.1692.8691.99
Interest Coverage Ratio (X)1431.041627.551913.74680.72624.44
Interest Coverage Ratio (Post Tax) (X)1230.521448.161671.30617.25544.16
Enterprise Value (Cr.)3184.952647.583168.063086.142053.99
EV / Net Operating Revenue (X)2.772.473.272.982.21
EV / EBITDA (X)9.138.6312.998.986.87
MarketCap / Net Operating Revenue (X)2.792.493.282.992.21
Retention Ratios (%)90.7791.5489.1892.3491.18
Price / BV (X)2.601.952.492.492.14
Price / Net Operating Revenue (X)2.792.493.282.992.21
EarningsYield0.090.100.060.100.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 921.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 5.10% compared to the current share price 877.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 22, 2024 is: 969.96

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 10.60% compared to the current share price 877.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: 5.23%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 23.17%, which is a positive sign.
  2. The company has higher reserves (1,003.31 cr) compared to borrowings (2.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (473.75 cr) and profit (232.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 90.08, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 307.08, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 26.11%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.93% (Industry Average ROCE: 12.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 24.23% (Industry Average ROE: 17.86%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1230.52
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.84
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 15 (Industry average Stock P/E: 31.91)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Kaveri Seed Company Ltd. is a Public Limited Listed company incorporated on 27/08/1986 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L01120TG1986PLC006728 and registration number is 006728. Currently Company is involved in the business activities of Growing of non-perennial crops. Company’s Total Operating Revenue is Rs. 915.00 Cr. and Equity Capital is Rs. 11.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agricultural Products513-B, 5th Floor, Minerva Complex, Secunderabad Telangana 500003cs@kaveriseeds.in
http://www.kaveriseeds.in
Management
NamePosition Held
Mr. G V Bhaskar RaoChairman & Managing Director
Dr. G PawanExecutive Director
Mrs. G Vanaja DeviExecutive Director
Mr. C VamsheedharExecutive Director
Mr. C Mithun ChandExecutive Director
Dr. S M IlyasIndependent Director
Mr. K PurushothamIndependent Director
Mrs. M Chaya RatanIndependent Director
Prof. R R HanchinalIndependent Director
Dr. S Raghuvardhan ReddyIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹921.77, which is 5.10% higher than the current market price of ₹877.00. The stock has a market capitalization of 4,510 Cr. and recorded a high/low of 1,201/599 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,538 Cr and total liabilities of ₹2,450 Cr.

What is the Market Cap of ?

The Market Cap of is 4,510 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 877.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,201/599.

What is the Stock P/E of ?

The Stock P/E of is 15.0.

What is the Book Value of ?

The Book Value of is 301.

What is the Dividend Yield of ?

The Dividend Yield of is 0.57 %.

What is the ROCE of ?

The ROCE of is 21.8 %.

What is the ROE of ?

The ROE of is 20.3 %.

What is the Face Value of ?

The Face Value of is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE