Fundamental Analysis of Kaveri Seed Company Ltd

About the Company - Kaveri Seed Company Ltd

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.

INDUSTRY	ADDRESS	CONTACT
Agricultural Products	513-B, 5th Floor, Minerva Complex, Secunderabad Telangana 500003	cs@kaveriseeds.in http://www.kaveriseeds.in

Management
Name	Position Held
Mr. G V Bhaskar Rao	Chairman & Managing Director
Mr. C Mithun Chand	Executive Director
Dr. G Pawan	Executive Director
Mrs. G Vanaja Devi	Executive Director
Mr. C Vamsheedhar	Executive Director
Dr. S Raghuvardhan Reddy	Independent Director
Dr. S M Ilyas	Independent Director
Mr. K Purushotham	Independent Director
Mrs. M Chaya Ratan	Independent Director
Prof. R R Hanchinal	Independent Director

Basic Stock Data of Kaveri Seed Company Ltd

Last Updated: July 26, 2024, 10:27 pm

Market Cap	5,459 Cr.
Current Price	1,061
High / Low	1,116/535
Stock P/E	18.3
Book Value	240
Dividend Yield	0.47 %
ROCE	24.7 %
ROE	23.0 %
Face Value	2.00
PEG Ratio	3.50

Data Source: screener.in

Kaveri Seed Company Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	119	64	630	148	126	67	686	167	144	74	736	171	143
Expenses	108	80	430	141	119	77	439	159	131	90	458	160	134
Operating Profit	10	-16	200	6	7	-11	247	9	13	-17	278	11	9
OPM %	9%	-25%	32%	4%	6%	-16%	36%	5%	9%	-23%	38%	7%	6%
Other Income	8	4	15	15	7	4	7	7	32	8	12	14	13
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6	6	5	5	5	6	5	5	5	6	6	6	7
Profit before tax	12	-17	210	17	9	-12	249	11	40	-14	284	19	15
Tax %	24%	-2%	2%	22%	19%	4%	2%	50%	4%	-12%	3%	25%	25%
Net Profit	9	-18	205	13	7	-12	245	5	38	-16	275	14	11
EPS in Rs	1.51	-2.88	33.77	2.19	1.31	-2.02	41.81	0.91	6.81	-2.77	48.91	2.45	2.11

Last Updated: July 11, 2024, 7:50 am

Kaveri Seed Company Ltd Quarterly Chart

Kaveri Seed Company Ltd Profit & Loss

Last Updated: July 10, 2024, 6:53 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	711	1,010	1,159	743	703	818	808	929	1,033	968	1,068	1,125
Expenses	572	789	850	556	564	597	596	676	735	765	816	839
Operating Profit	139	221	310	188	140	222	212	253	298	203	252	286
OPM %	20%	22%	27%	25%	20%	27%	26%	27%	29%	21%	24%	25%
Other Income	6	10	15	13	-25	24	43	46	46	41	55	65
Interest	2	0	0	0	0	1	1	0	1	0	0	0
Depreciation	12	16	15	27	30	25	23	26	22	21	21	22
Profit before tax	132	214	310	173	84	220	231	273	321	223	286	328
Tax %	3%	2%	3%	3%	8%	4%	6%	5%	3%	4%	5%
Net Profit	128	209	301	167	77	211	217	260	311	213	273	311
EPS in Rs	18.70	30.42	43.68	24.31	11.27	31.96	34.45	42.94	51.47	36.43	48.59	55.40
Dividend Payout %	17%	16%	17%	10%	0%	9%	9%	7%	8%	11%	8%

Kaveri Seed Company Ltd Profit & Loss Yearly Chart

Kaveri Seed Company Ltd Growth

Compounded Sales Growth
10 Years:	1%
5 Years:	7%
3 Years:	4%
TTM:	8%

Compounded Profit Growth
10 Years:	4%
5 Years:	10%
3 Years:	2%
TTM:	39%

Stock Price CAGR
10 Years:	4%
5 Years:	19%
3 Years:	16%
1 Year:	93%

Return on Equity
10 Years:	21%
5 Years:	20%
3 Years:	18%
Last Year:	23%

Last Updated: July 25, 2024, 5:31 am

Kaveri Seed Company Ltd Balance Sheet

Last Updated: July 10, 2024, 6:53 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	14	14	14	14	14	13	13	12	12	12	11	11
Reserves	331	502	741	913	1,001	999	994	947	1,232	1,269	1,354	1,645
Borrowings	3	1	1	2	5	3	7	6	2	1	1	0
Other Liabilities	520	512	402	432	509	449	536	612	714	596	683	671
Total Liabilities	868	1,028	1,158	1,361	1,528	1,465	1,550	1,577	1,960	1,877	2,048	2,328
Fixed Assets	137	144	161	202	200	189	240	250	246	242	261	258
CWIP	8	12	62	20	34	37	38	18	31	43	133	155
Investments	132	278	295	506	657	623	510	384	599	517	562	792
Other Assets	590	595	641	633	637	615	763	925	1,085	1,075	1,092	1,124
Total Assets	868	1,028	1,158	1,361	1,528	1,465	1,550	1,577	1,960	1,877	2,048	2,328

Kaveri Seed Company Ltd Reserves and Borrowings Chart

Kaveri Seed Company Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	110	193	145	246	218	148	128	192	252	110	297	389
Cash from Investing Activity	-58	-162	-84	-202	-150	71	82	112	-217	66	-119	38
Cash from Financing Activity	-47	-38	-61	-42	-56	-226	-219	-301	-29	-170	-176	-425
Net Cash Flow	5	-8	-0	3	11	-7	-9	3	5	7	1	3

Kaveri Seed Company Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	35	24	37	39	44	38	38	46	37	42	46	36
Inventory Days	568	484	411	462	399	386	483	485	486	517	464	467
Days Payable	288	223	128	198	270	192	188	203	242	156	150	155
Cash Conversion Cycle	316	284	320	304	174	233	334	329	281	403	360	347
Working Capital Days	27	24	74	96	56	75	95	126	130	175	123	229
ROCE %		48%	47%	21%	15%	21%	20%	24%	27%	16%	17%

Kaveri Seed Company Ltd Financial Efficiency Indicators Chart

Kaveri Seed Company Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	55.52%	57.28%	57.44%	57.44%	57.44%	57.44%	59.90%	59.90%	59.90%	59.90%	59.90%	60.50%
FIIs	14.92%	13.41%	17.58%	17.61%	17.68%	15.03%	16.45%	16.54%	16.29%	16.29%	17.69%	17.22%
DIIs	10.99%	10.81%	6.69%	6.95%	7.45%	6.44%	6.86%	6.80%	6.76%	6.76%	4.58%	4.83%
Public	17.11%	16.99%	16.79%	16.50%	15.94%	19.60%	15.22%	15.18%	15.58%	15.58%	16.36%	15.87%
Others	1.46%	1.50%	1.51%	1.50%	1.50%	1.50%	1.57%	1.56%	1.46%	1.46%	1.46%	1.58%
No. of Shareholders	52,986	65,447	68,174	67,286	60,791	70,405	60,036	57,574	56,829	56,829	49,174	52,447

Kaveri Seed Company Ltd Shareholding Pattern Chart

No. of Kaveri Seed Company Ltd Shareholders

Kaveri Seed Company Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	21,628	0.29	1.34	21,628	2024-07-23	0%
Groww Nifty Total Market Index Fund	49	0.01	0	21,628	2024-07-23	-99.77%

Kaveri Seed Company Ltd ROCE Trend

Kaveri Seed Company Ltd EPS Trend

Kaveri Seed Company Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	54.58	47.89	36.37	52.23	41.82
Diluted EPS (Rs.)	54.58	47.89	36.37	52.23	41.82
Cash EPS (Rs.)	63.74	52.43	40.08	55.27	47.34
Book Value[Excl.RevalReserv]/Share (Rs.)	240.29	244.50	219.83	206.43	158.95
Book Value[Incl.RevalReserv]/Share (Rs.)	240.29	244.50	219.83	206.43	158.95
Revenue From Operations / Share (Rs.)	223.26	191.40	166.32	171.78	154.21
PBDIT / Share (Rs.)	67.85	54.83	41.80	56.98	49.53
PBIT / Share (Rs.)	62.41	51.16	38.22	53.29	45.27
PBT / Share (Rs.)	62.36	51.12	38.19	53.21	45.19
Net Profit / Share (Rs.)	58.30	48.75	36.49	51.58	43.08
NP After MI And SOA / Share (Rs.)	58.08	48.59	36.43	51.47	42.94
PBDIT Margin (%)	30.39	28.64	25.13	33.17	32.11
PBIT Margin (%)	27.95	26.72	22.97	31.02	29.35
PBT Margin (%)	27.93	26.71	22.96	30.97	29.30
Net Profit Margin (%)	26.11	25.47	21.93	30.03	27.93
NP After MI And SOA Margin (%)	26.01	25.38	21.90	29.96	27.84
Return on Networth / Equity (%)	24.23	19.90	16.58	24.95	27.02
Return on Capital Employeed (%)	24.93	20.28	16.75	24.99	27.29
Return On Assets (%)	14.56	13.24	11.30	15.82	16.41
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Total Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Asset Turnover Ratio (%)	0.55	0.54	0.47	0.55	0.56
Current Ratio (X)	1.98	2.46	2.73	2.39	2.18
Quick Ratio (X)	1.00	1.16	1.20	1.09	0.91
Inventory Turnover Ratio (X)	0.75	0.65	0.53	0.84	0.84
Dividend Payout Ratio (NP) (%)	0.00	8.45	10.81	7.65	8.81
Dividend Payout Ratio (CP) (%)	0.00	7.86	9.84	7.14	8.01
Earning Retention Ratio (%)	0.00	91.55	89.19	92.35	91.19
Cash Earning Retention Ratio (%)	0.00	92.14	90.16	92.86	91.99
Interest Coverage Ratio (X)	1431.04	1627.55	1913.74	680.72	624.44
Interest Coverage Ratio (Post Tax) (X)	1230.52	1448.16	1671.30	617.25	544.16
Enterprise Value (Cr.)	3184.95	2647.58	3168.06	3086.14	2053.99
EV / Net Operating Revenue (X)	2.77	2.47	3.27	2.98	2.21
EV / EBITDA (X)	9.13	8.63	12.99	8.98	6.87
MarketCap / Net Operating Revenue (X)	2.79	2.49	3.28	2.99	2.21
Retention Ratios (%)	0.00	91.54	89.18	92.34	91.18
Price / BV (X)	2.60	1.95	2.49	2.49	2.14
Price / Net Operating Revenue (X)	2.79	2.49	3.28	2.99	2.21
EarningsYield	0.09	0.10	0.06	0.10	0.12

Kaveri Seed Company Ltd Profitability Ratios (%)

Kaveri Seed Company Ltd Liquidity Ratios

Kaveri Seed Company Ltd Liquidity Ratios (%)

Kaveri Seed Company Ltd Interest Coverage Ratios (%)

Kaveri Seed Company Ltd Valuation Ratios

Fair Value

Fair Value: 1,014.91

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.

Overvalued: 4.34% compared to the current price 1061

Intrinsic Value: 1,067.96

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 0.66% compared to the current price 1061

Last 5 Year EPS CAGR: 5.23%

*Investments are subject to market risks

Strength and Weakness of Kaveri Seed Company Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 21.33%, which is a positive sign. The company has higher reserves (958.75 cr) compared to borrowings (2.67 cr), indicating strong financial stability. The company has shown consistent growth in sales (473.75 cr) and profit (232.92 cr) over the years.	The stock has a high average Working Capital Days of 102.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 307.08, which may not be favorable.

FAQ

What is the latest fair value of Kaveri Seed Company Ltd?

The latest fair value of Kaveri Seed Company Ltd is ₹1014.91.

What is the Market Cap of Kaveri Seed Company Ltd?

The Market Cap of Kaveri Seed Company Ltd is 5,459 Cr..

What is the current Stock Price of Kaveri Seed Company Ltd as on 27 July 2024?

The current stock price of Kaveri Seed Company Ltd as on 27 July 2024 is 1,061.

What is the High / Low of Kaveri Seed Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kaveri Seed Company Ltd stocks is 1,116/535.

What is the Stock P/E of Kaveri Seed Company Ltd?

The Stock P/E of Kaveri Seed Company Ltd is 18.3.

What is the Book Value of Kaveri Seed Company Ltd?

The Book Value of Kaveri Seed Company Ltd is 240.

What is the Dividend Yield of Kaveri Seed Company Ltd?

The Dividend Yield of Kaveri Seed Company Ltd is 0.47 %.

What is the ROCE of Kaveri Seed Company Ltd?

The ROCE of Kaveri Seed Company Ltd is 24.7 %.

What is the ROE of Kaveri Seed Company Ltd?

The ROE of Kaveri Seed Company Ltd is 23.0 %.

What is the Face Value of Kaveri Seed Company Ltd?

The Face Value of Kaveri Seed Company Ltd is 2.00.