Kaveri Seed Company Ltd - Stock Valuation and Financial Performance

BSE: 532899 | NSE: KSCL | Agriculture | Small Cap

Kaveri Seed Share Price

856.20 25.10 3.02%
as on 14-Nov'24 16:59

DeciZen - make an informed investing decision on Kaveri Seed

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kaveri Seed Company stock performance -

mw4me loader
P/E Ratio (CD):
13.49
Market Cap:
4,246.3 Cr.
52-wk low:
581
52-wk high:
1,200.7

Is Kaveri Seed Company Ltd an attractive stock to invest in?

1. Is Kaveri Seed Company Ltd a good quality company?

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

2. Is Kaveri Seed Company Ltd undervalued or overvalued?

The key valuation ratios of Kaveri Seed Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Kaveri Seed Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kaveri Seed Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kaveri Seed:

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.
Kaveri Seed Company Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 48.8%20.6%8.7%21.7%22.8%27.6%29.1%17.6%21.6%24.7%-
Value Creation
Index
2.50.5-0.40.60.61.01.10.30.50.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1617457058198099301,0369701,0701,1481,216
Sales YoY Gr.--35.8%-5.4%16.2%-1.2%14.9%11.4%-6.4%10.4%7.3%-
Adj EPS 42.423.31429.530.938.248.433.44252.961.2
YoY Gr.--45%-40.1%111.5%4.8%23.6%26.6%-30.9%25.7%26%-
BVPS (₹) 109.4134.3146.9153.2159.5158.9206.3219.6244.1239.6296.3
Adj Net
Profit
29216196.3195195231292195235272315
Cash Flow from Ops. 145246159148128192252110297389-
Debt/CF from Ops. 00000.100000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.1%7.3%3.5%7.3%
Adj EPS 2.5%11.3%3%26%
BVPS9.1%8.5%5.1%-1.8%
Share Price -0.6% 10.2% 17.8% 40.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
45.919.19.919.319.323.526.515.417.720.922.8
Op. Profit
Mgn %
26.725.219.827.126.227.228.820.923.524.925
Net Profit
Mgn %
25.121.513.623.824.124.928.220.12223.825.9
Debt to
Equity
0000000000-
Working Cap
Days
192308320271312334352402371363583
Cash Conv.
Cycle
10317212077155159143169173168327

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.80%

Sales growth is good in last 4 quarters at 11.05%

Sales growth has been subdued in last 3 years 3.48%

Net Profit has been subdued in last 3 years 3.01%

Latest Financials - Kaveri Seed Company Ltd.

Standalone Consolidated
TTM EPS (₹) 59.9 61.2
TTM Sales (₹ Cr.) 1,103 1,216
BVPS (₹.) 294.6 296.3
Reserves (₹ Cr.) 1,505 1,514
P/BV 2.80 2.79
PE 13.78 13.49
From the Market
52 Week Low / High (₹) 581.00 / 1200.70
All Time Low / High (₹) 22.20 / 1200.70
Market Cap (₹ Cr.) 4,246
Equity (₹ Cr.) 10.3
Face Value (₹) 2
Industry PE 43.8

Management X-Ray of Kaveri Seed:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kaveri Seed

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,1617457058198099301,0369701,0701,148
Operating Expenses 851557565598598677738767826863
Manufacturing Costs249967592918994104113129
Material Costs345338359359356405446432452451
Employee Cost 313840545568859198119
Other Costs 22685919396115114140163163
Operating Profit 310188140221212253298203244286
Operating Profit Margin (%) 26.7%25.2%19.8%27.0%26.1%27.2%28.7%20.9%22.8%24.9%
Other Income 16133424434646416263
Interest 0001101000
Depreciation 15273025232622212128
Exceptional Items 00-590000000
Profit Before Tax 31017384220231273321223286321
Tax 9578141310101321
Profit After Tax 30116777211217260311213273300
PAT Margin (%) 25.9%22.5%11.0%25.8%26.9%27.9%30.0%21.9%25.5%26.1%
Adjusted EPS (₹)43.724.311.332.034.542.951.536.448.658.1
Dividend Payout Ratio (%)17%10%0%9%9%7%8%11%8%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7549271,0141,0121,0079591,2441,2811,3651,233
Share Capital 14141413131212121110
Reserves 7409131,0019999949471,2321,2691,3541,222
Minority Interest0-0-1-1-101123
Debt1253761100
Long Term Debt1253761100
Short Term Debt0000000000
Trade Payables154216282186218267358230232247
Others Liabilities 248216227264349374390405495619
Total Liabilities 1,1581,3601,5271,4651,5801,6061,9951,9182,0942,102

Fixed Assets

Gross Block235303329341413444457473510574
Accumulated Depreciation74101129151172194211231249276
Net Fixed Assets161202200189240250246242261297
CWIP 6220343738183143133134
Investments 295506657623510384599517562476
Inventories494504448443561639720761718743
Trade Receivables11880858685118106111133112
Cash Equivalents 7921149814202224
Others Assets22388273138189281224265316
Total Assets 1,1581,3601,5271,4651,5801,6061,9951,9182,0942,102

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 145246159148128192252110297389
PBT 31017384220231273321223286321
Adjustment 017-42-18-16-18-11-27-26
Changes in Working Capital -1566285-66-74-52-41-9364110
Tax Paid -9-5-7-8-11-13-11-9-27-15
Cash Flow From Investing Activity -84-202-1507182112-21766-11938
Capex -82-26-43-15-69-51-39-47-109-100
Net Investments -17-187-14185149159-178112-10136
Others 1511340240112
Cash Flow From Financing Activity -61-423-226-219-301-29-170-176-425
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1-1-1-1000
Dividend Paid -62-420-20-19-23-24-23-23-28
Others 003-206-200-278-5-146-153-396
Net Cash Flow 0311-7-935713
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)47.4319.937.9620.8621.5326.4528.2516.8520.6123.09
ROCE (%)48.7620.568.6821.6722.8327.629.0817.6321.6124.71
Asset Turnover Ratio1.060.590.490.550.530.580.580.50.530.55
PAT to CFO Conversion(x)0.481.472.060.70.590.740.810.521.091.3
Working Capital Days
Receivable Days29494338384039414239
Inventory Days156245246198226235239278252232
Payable Days203200253238207219256248186194

Kaveri Seed Company Ltd Stock News

Kaveri Seed Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kaveri Seed on 14-Nov-2024 16:59 is ₹856.2.
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 14-Nov-2024 16:59 the market cap of Kaveri Seed stood at ₹4,246.3.
The latest P/E ratio of Kaveri Seed as of 14-Nov-2024 16:59 is 13.78.
The latest P/B ratio of Kaveri Seed as of 14-Nov-2024 16:59 is 2.80.
The 52-week high of Kaveri Seed is ₹1,200.7 and the 52-week low is ₹581.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kaveri Seed is ₹1,103 ( Cr.) .

About Kaveri Seed Company Ltd

Kaveri Seeds was incorporated as GVB Rao & Company in 1976 by G V Bhaskar Rao. These first steps of creating an enterprise were guided by a unique vision to provide high quality and cost effective hybrid seeds and crop solutions derived from innovative plant genetics and technology.

GVB Rao & Company started off with seed production of public bred varieties of corn, pearl millet and rice and subsequently also took up product distribution for a leading seed MNC.

One of the significant milestones in the journey of GVB Rao & Co was the introduction of the first ever proprietary private corn hybrid in South India. This corn hybrid - a result of the company’s indigenous breeding program – had an edge over other existing varieties in terms of yield. And this launch was a mega success as farmers started realizing better yields and bumper returns. Inspired by this success, GVB Rao & Co ventured into value added breeding and subsequently in 1986, evolved into a bigger entity under the name of Kaveri Seeds.

Kaveri Seeds came up with an IPO in 2007 that raised Rs 68 crore to fund acquisition of farmlands, upgradation of seed processing plants and working capital requirements.Kaveri Seeds marched ahead and integrated its services to the farmers by diversifying into proprietary hybrid seeds of other crops such as sunflower, pearl millet, sorghum and rice. Over the years, a sharp focus on Research & Development has enabled kaveri seeds to earn a sizeable market share in corn and sunflower hybrid seeds.

Kaveri Seeds was converted into a public limited company in Nov 2006. However, apart from the change of this status, the company evolved too in terms of its product and service offerings. kaveri seeds was one of the first to notice the disturbing trend in crop husbandry by way of soil being deprived of its fertility and useful soil micro flora. Yields had started declining and owing to the declining soil quality, farmers were not able to harness the full potential of high-yielding seeds. Kaveri sensed the market need of soil replenishment and hence embarked upon a new initiative to reclaim the soil fertility in a scientific way. It is with this objective that Kaveri Seeds acquired Kaveri Agriteck which had a proven record in the area of soil enhancement and a good network focused on micro nutrients and bio-products.

Kaveri Seeds’ Research & Development facilities are recognized by the Department of Science & Technology, Govt. of India.Kaveri seeds today, is synonymous with premium quality seeds enriched with genetically superior traits – and this has become possible because of its commitment to research. And this commitment to research and innovation stems from the fact that kaveri seeds is a market driven company. A company whose breeders are in close contact with the changing needs of its customers. The farming community is one of most affected by Nature’s vagaries in the form of erratic monsoon, pest attacks and drought conditions. Reasons why, performance and productivity of seeds is the foremost concern of the cultivators. Kaveri Seeds, a company focused on farmers’ prosperity understands these challenges and hence has committed itself to an ongoing pursuit of new ideas and innovations.

Product range of the company includes:

  • Agriculture - Corn sunflower, pearl millet, grain sorghum, cotton and rice 
  • Vegetable- Tomatoes, okra, chillies and waterlemon
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