Kaveri Seed Company Ltd logo

Kaveri Seed Company Ltd

KSCL NSE

Key Fundamentals

MicrocapAgricultural ProductsFMCG
Market Cap
₹3,987 Cr
Volatility
Low Risk
P/E Ratio
13.29
EBITDA
₹337 Cr
Return on Equity
18.78%
Debt to Equity
0
Book Value
₹341.53
EPS
₹61.18
52W High
₹1,225
52W Low
₹705.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • The company has delivered a poor sales growth of 6.18% over past five years.
  • Tax rate seems low
  • Working capital days have increased from 151 days to 275 days

Growth Rate

Revenue Growth
11.46% ↗
Net Income Growth
2.82% ↗
Cash Flow Change
-49.44% ↘
ROE
-22.59% ↗
ROCE
-23.70% ↗
EBITDA Margin (Avg.)
-12.24% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 9d ago
AI opinion · based on fundamentals
Risk medium

Kaveri Seed Company is India's second-largest hybrid cotton seed producer with ~20% market share, trading at a PE of 13.9x on a market cap of ₹4,109 crore. The company is virtually debt-free and has delivered consistent ROE of 18-19% over the past decade, but revenue growth has been modest at 6% CAGR over five years, and working capital days have nearly doubled from 151 to 275 days, indicating rising capital intensity.

Bull Case 8
  • Virtually debt-free balance sheet provides financial flexibility and resilience against cyclical downturns in the agriculture sector
  • Consistent ROE of 18-19% sustained over 3, 5, and 10-year periods indicates disciplined capital allocation and strong profitability
  • PE of 13.9x is well below the broader market average, offering a valuation cushion relative to steady earnings generation
  • TTM sales growth of 16% represents a significant acceleration from the 5-year CAGR of 6%, suggesting improving momentum in FY25 (revenue reached ₹1,122 crore, up 5.6% YoY)
  • Market leadership with ~20% share in hybrid cotton seeds and 13% share each in corn and bajra provides diversified crop exposure
  • TTM profit growth of 14% outpacing 5-year profit CAGR of 1% signals margin expansion and operational leverage kicking in
  • 3-year compounded profit growth of 11% versus 3-year sales growth of 9% demonstrates improving operating efficiency
  • Dividend yield of 0.63% provides a floor return while the company retains majority of earnings for R&D and growth
Bear Case 8
  • Working capital days have surged from 151 to 275 days, indicating significant cash locked in inventory or receivables and potentially unsold stock
  • 5-year compounded sales growth of only 6% reflects structural challenges in scaling beyond current market position
  • Stock has declined 28% over 1 year, significantly underperforming the broader market and eroding investor confidence
  • 5-year compounded profit CAGR of just 1% shows earnings stagnation over a meaningful period despite consistent ROE
  • 10-year stock CAGR of only 8% suggests the market has not rewarded the business with re-rating despite steady fundamentals
  • Low tax rate flagged as a concern could indicate unsustainable benefits that may normalize, compressing future net profits
  • Heavy dependence on monsoon patterns and government seed pricing policies exposes revenues to factors outside management control
  • Price-to-book of 2.33x combined with modest growth trajectory limits upside if growth does not reaccelerate materially

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 9d ago
Neutral 1
  • CFO retires due to superannuation Jul 30

    CFO K. V. Chalapathi Reddy retires on July 31, 2026, due to superannuation. This marks a change in key managerial personnel at Kaveri Seed Company.

TL;DR: Limited news flow for Kaveri Seed with only a routine leadership transition as CFO K. V. Chalapathi Reddy retires on superannuation. No operational or financial headwinds or positives are evident from recent coverage. The outlook remains unchanged pending further developments or a new CFO appointment.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
74
736
171
143
98
803
137
174
90
859
219
210
107
Expenses
90
458
160
134
110
508
139
160
107
520
225
189
123
Operating Profit
-17
278
11
9
-12
295
-2
14
-17
338
-6
21
-16
OPM %
-23%
38%
7%
6%
-12%
37%
-1.4%
8%
-18%
39%
-2.9%
10%
-15%
Other Income
8
12
14
13
25
9
13
11
13
10
6
8
6
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
6
6
6
7
10
8
8
9
16
14
15
15
16
PBT
-14
284
19
15
3
297
3
17
-20
334
-15
14
-27
Tax %
12%
3%
25%
25%
112%
2%
126%
11%
17%
2%
7%
6%
3%
Net Profit
-16
275
14
11
0
291
-1
15
-23
327
-16
13
-28
EPS in Rs
-2.77
48.91
2.45
2.11
-0.05
56.28
-0.13
3
-4.46
63.39
-3
2.53
-5.41
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,159
743
703
818
808
929
1,033
968
1,068
1,146
1,202
1,395
Expenses
850
556
564
597
596
676
735
765
816
860
911
1,058
Operating Profit
310
188
140
222
212
253
298
203
252
286
291
337
OPM %
27%
25%
20%
27%
26%
27%
29%
21%
24%
25%
24%
24%
Other Income
15
13
-25
24
43
46
46
41
55
63
46
29
Interest
0
0
0
1
1
0
1
0
0
0
0
0
Depreciation
15
27
30
25
23
26
22
21
21
28
40
60
PBT
310
173
84
220
231
273
321
223
286
321
297
306
Tax %
3%
3%
8%
4%
6%
5%
3%
4%
5%
7%
5%
3%
Net Profit
301
167
77
211
217
260
311
213
273
300
282
296
EPS in Rs
43.68
24.31
11.27
31.96
34.45
42.94
51.47
36.43
48.59
58.08
54.69
57.51
Div. Payout %
17%
10%
0%
9%
9%
7%
8%
11%
8%
9%
9%
9%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
13
13
12
12
12
11
10
10
10
Reserves
741
913
1,001
999
994
947
1,232
1,269
1,354
1,222
1,489
1,746
Borrowings
1
2
5
3
7
6
2
1
1
0
0
0
Other Liabilities
402
432
509
449
536
612
714
596
683
815
1,150
1,002
Total Liabilities
1,158
1,361
1,528
1,465
1,550
1,577
1,960
1,877
2,048
2,048
2,649
2,759
Fixed Assets
161
202
200
189
240
250
246
242
261
297
417
432
CWIP
62
20
34
37
38
18
31
43
133
134
90
130
Investments
295
506
657
623
510
384
599
517
562
476
613
401
Other Assets
641
633
637
615
763
925
1,085
1,075
1,092
1,140
1,529
1,796
Total Assets
1,158
1,361
1,528
1,465
1,550
1,577
1,960
1,877
2,048
2,048
2,649
2,759
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
145
246
218
148
128
192
252
110
297
389
197
-6
Investing
-84
-202
-150
71
82
112
-217
66
-119
38
-183
92
Financing
-61
-42
-56
-226
-219
-301
-29
-170
-176
-425
-18
-64
Net Cash Flow
0
3
11
-7
-9
3
5
7
1
3
-3
21
Free Cash Flow
63
221
175
134
59
141
213
63
187
289
108
-155
CFO/OP
47
131
156
67
66
81
88
59
129
142
76
7
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
37
39
44
38
38
46
37
42
46
36
28
29
Inventory Days
411
462
399
386
483
485
486
517
464
467
613
608
Days Payable
128
198
270
192
188
203
242
156
150
155
286
241
Cash Conversion Cycle
320
304
174
233
334
329
281
403
360
347
354
396
Working Capital Days
74
96
56
75
95
126
130
175
123
80
99
275
ROCE %
47%
21%
15%
21%
20%
24%
27%
16%
17%
22%
20%
19%

Shareholding Pattern

As of Jun 2026
Promoters 60.50%
FIIs 17.54%
Public 14.02%
Others 4.45%
DIIs 3.50%
Total 100.01%
  Jan 2020Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.40%
55.52%
55.52%
55.52%
55.52%
55.52%
55.52%
57.28%
57.44%
57.44%
57.44%
57.44%
59.90%
59.90%
59.90%
59.90%
59.90%
60.50%
60.50%
60.50%
60.50%
60.50%
60.50%
60.50%
60.50%
60.50%
60.50%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
3.96%
0.00%
3.27%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
16.29%
0.00%
17.22%
18.97%
19.83%
19.50%
20.41%
20.35%
20.36%
19.95%
18.55%
17.54%
DIIs
2.45%
3.22%
3.33%
3.34%
4.17%
5.04%
4.96%
5.03%
5.28%
5.51%
5.78%
6.44%
6.87%
6.80%
6.77%
6.77%
2.92%
4.83%
4.98%
3.77%
3.55%
2.91%
2.87%
2.88%
2.78%
2.87%
3.50%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.74%
8.29%
8.82%
10.88%
13.76%
12.30%
13.28%
13.68%
13.88%
13.27%
12.84%
15.83%
12.50%
12.40%
12.78%
12.78%
13.37%
13.19%
12.27%
12.61%
12.96%
12.09%
12.23%
12.17%
12.14%
13.68%
14.02%
Others
33.42%
32.96%
32.32%
30.26%
26.55%
23.17%
26.23%
20.74%
23.40%
23.78%
23.94%
20.29%
20.74%
20.90%
20.56%
4.27%
23.80%
4.26%
3.29%
3.28%
3.48%
4.09%
4.05%
4.08%
4.62%
4.40%
4.45%
No. of Shareholders
29,590
28,745
30,540
42,857
53,824
52,322
52,986
65,447
68,174
67,286
60,791
70,405
60,036
57,574
56,829
56,829
49,174
51,691
49,074
56,652
57,457
54,560
64,905
58,095
56,062
56,781
56,948

Documents

Frequently Asked Questions about Kaveri Seed Company Ltd

What does Kaveri Seed Company Ltd do?
Incorporated in 1976, Kaveri Seed Company Ltd is in the business of research, production, processing and marketing of various high quality hybrid seeds[1]
Where is Kaveri Seed Company Ltd (KSCL) listed?
Kaveri Seed Company Ltd is listed on the Indian stock exchanges. It is listed on NSE: KSCL and BSE: 532899. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kaveri Seed Company Ltd belong to?
Kaveri Seed Company Ltd operates in the FMCG sector within the Agricultural Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kaveri Seed Company Ltd?
Kaveri Seed Company Ltd has a market capitalisation of approximately ₹3986.53 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Kaveri Seed Company Ltd?
The Price-to-Earnings (PE) ratio of Kaveri Seed Company Ltd is 13.29. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kaveri Seed Company Ltd?
Over the past 52 weeks, Kaveri Seed Company Ltd has traded between a low of ₹705.1 and a high of ₹1,225. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kaveri Seed Company Ltd pay dividends?
Yes, Kaveri Seed Company Ltd has a dividend yield of 0.65%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kaveri Seed Company Ltd?
Kaveri Seed Company Ltd has a Return on Equity (ROE) of 18.78%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kaveri Seed Company Ltd on Tapetide?
On Tapetide, you can view Kaveri Seed Company Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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

Website kaveriseeds.in
CEO Mr. Gundavaram Venkata Bhaskar Rao
Employees 1,466
Listed 2007-10-04
Face Value ₹ 2
Issued Size 5,14,39,071

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