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Kaveri Seed Company Ltd

NSE: KSCL BSE: 532899Agri

Incorporated in 1976, Kaveri Seed Company Ltd is in the business of research, production, processing and marketing of various high quality hybrid seeds[1]

928
52W: ₹705 — ₹1528
PE 17 · Book ₹345 · +169% vs book
Market Cap₹4,774 Cr
Stock P/E17Price to Earnings
ROCE19.5%Return on Capital
ROE18%Return on Equity
Div. Yield0.54%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Debtor days have improved from 21.8 to 15.6 days.

Weaknesses

  • The company has delivered a poor sales growth of 4.88% over past five years.
  • Tax rate seems low

Shareholding Pattern

Promoters60.5%
FIIs18.55%
DIIs2.87%
Public17.3%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.5%60.5%60.5%60.5%60.5%60.5%60.5%60.5%
FIIs18.97%19.84%0.919.51%0.320.41%0.920.34%0.120.36%0.019.95%0.418.55%1.4
DIIs4.98%3.77%1.23.55%0.22.91%0.62.87%0.02.87%2.78%0.12.87%0.1
Public14.97%15.31%0.315.86%0.515.59%0.315.7%0.115.68%0.015.41%0.317.3%1.9

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales96.12118.4780.54808.0881.76154.7776.95945.3196.61179.65
Expenses90.53109.6291.26525.1188.25141.6592.27622.96103.09162.1
Operating Profit5.598.85-10.72282.97-6.4913.12-15.32322.35-6.4817.55
OPM %5.82%7.47%-13.31%35.02%-7.94%8.48%-19.91%34.1%-6.71%9.77%
Net Profit10.7211.662.79282.91-3.4915.04-29.25316.5-15.057.46
EPS ₹1.922.090.5455-0.682.92-5.6961.53-2.931.45

AI Insights

Revenue Trend

TTM revenue at ₹1,299Cr, up 16.1% YoY. OPM at 24%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹84Cr (20% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.87% (-3.89pp change). FIIs: 18.55% (+2.26pp change). Promoters hold 60.5%.

Margin & Efficiency

ROCE declining from 48% (Mar 2014) to 19% (Mar 2025). Working capital days: 95.

Valuation

PE 17x with 19.5% ROCE. Price is 169% above book value of ₹345. Dividend yield: 0.54%.

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