Blog 49: Stock Idea
Stock Name: KRBL
Business:
1.KRBL is World's leading Basmati Rice Producer and has fully integrated Operations in every aspect of basmati Value chain, right from Seed development, Contract Farming, Procurement of Paddy, Storage, Processing, Packaging, branding and marketing.
2.Largest integrated rice miller of the Country and one of the major Producers of Rice Products (both basmati and non-basmati rice).
3.Company Sells rice under its flagship brand, ‘India Gate’ along with the other 13 brands like Taj Mahal, Doon, Nur Jahan and Unity among others.
Fundamentals:
CMP = 406
Market Cap = 9565Cr
Topline = 4200 Cr
ROCE = 15%
ROE = 12%
Promoter Stake = 60%
Debt = 128Cr
Stock Target Price =Rs 1000
Time Horizon =2 Years
Key Points:
1.Consistent Sales and Profit Growth in last 5 years.
Excellent Operating Profit Margins in last 5 years.
2.India is the Top exporter of rice and has a 65% share of the global basmati market.
Globally, India accounts for 85% of basmati Exports which is expected to rise.
3.Krbl is Leader in Packaged Basmati Rice in India with a market Share of 37% as on FY22.
Global markets offer Exciting opportunities for KRBL to drive growth.
4.KRBL exports basmati rice Products to 82 Countries.
Disclaimer: Above Information is only for Research Purpose, it is not an Investment Advice.
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