Orkla India Ltd
ORKLAINDIA NSE
Orkla India Ltd
Food ProductsNSE: ORKLAINDIA BSE: 544595
Key Fundamentals
MicrocapFood ProductsMarket Cap
₹7,691 Cr
Volatility
Moderate
P/E Ratio
26.38
EBITDA
₹460 Cr
Return on Equity
10.39%
Debt to Equity
0.02
Book Value
₹200.75
52W High
₹760
52W Low
₹533.25
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Orkla India Ltd insights
36 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- Stock is trading at 2.82 times its book value
- Company has a low return on equity of 9.90% over last 3 years.
Growth Rate
Revenue Growth
3.89% ↘
Net Income Growth
11.73% ↘
Cash Flow Change
-33.32% ↘
ROE
-0.10% ↘
ROCE
-3.70% ↘
EBITDA Margin (Avg.)
-3.11% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 9d agoAI opinion · based on fundamentals
Risk medium
Orkla India Ltd (formerly MTR Foods) is a ₹7,723 Cr market cap food products company trading at a PE of 26.9x with near-zero debt. Revenue has compounded at 5% over three years while profit growth has been negative at -4% CAGR over the same period, though TTM profit growth has recovered to 13%. ROE remains modest at around 10-11%.
Bull Case 8
- Company is almost debt-free, providing financial flexibility and minimal interest burden on the P&L
- TTM profit growth has accelerated to 13%, indicating a recovery from the 3-year CAGR of -4%
- Strong 5-year compounded sales growth of 21% demonstrates long-term revenue scalability
- Q2 FY26 revenue grew 4.9% YoY to ₹6,503 million with robust volume growth of 7.7%, showing underlying demand strength
- EBITDA margin of 16.9% and PAT margin of 11.8% in Q2 FY26 reflect a reasonably profitable operating model
- PE of 26.9x trades at a significant discount to the food products sector PE of approximately 60x
- 5-year compounded profit growth of 20% demonstrates strong long-term earnings power
- Backed by Orkla ASA (Norwegian MNC parent), providing access to global R&D, supply chain expertise, and capital
Bear Case 8
- 3-year compounded profit growth is negative at -4%, indicating earnings inconsistency in recent years
- Return on equity is modest at 9.9-11% over the last 3 years, below what investors typically expect from branded FMCG companies
- Stock trades at 2.79x book value despite delivering sub-10% ROE over 3 years, suggesting rich valuation relative to returns generated
- TTM revenue growth has decelerated to just 5%, down sharply from the 5-year CAGR of 21%
- Zero dividend yield means shareholders rely entirely on capital appreciation with no income cushion
- Recently listed company with limited public market track record, making long-term stock CAGR data unavailable
- Q2 FY26 revenue growth of 4.9% was driven by 7.7% volume growth, implying negative price/mix of nearly 3%, which may signal competitive pricing pressure
- ROCE data is unavailable, making it difficult to fully assess capital efficiency and compare with peers
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 7d ago Headwinds 1
- GST notice of Rs 8.41 Cr Jul 21
Orkla India received a show cause notice from Commercial Taxes Department demanding Rs 8.41 Cr for FY 2023-24, involving tax, interest, and penalty related to ITC issues.
Positives 2
- MTR launches Protein Breakfast Range Jul 17
MTR launched a Protein Breakfast Range with 10g plant-based protein per serving, covering Idli, Dosa, Upma, and Poha mixes — expanding into the health-focused convenience segment.
- 59% renewable power in FY26 BRSR Jul 25
Orkla India reports 59% renewable electricity usage and targets 100% recyclable packaging in its FY26 Business Responsibility and Sustainability Report.
Neutral 2
- 30th AGM on August 19, 2026 Jul 25
Orkla India scheduled its 30th AGM for August 19, 2026, to adopt FY2025-26 financials, re-appoint a director, and ratify ESOP 2025 and MSOP 2025 plans.
- Q1FY27 earnings call on Aug 4 Jul 20
Orkla India will host an analyst call on August 4, 2026, to discuss Q1FY27 results following a board session to approve unaudited financials.
TL;DR: Orkla India is executing well on product innovation via MTR's Protein Breakfast Range and strengthening its ESG credentials with 59% renewable power. The Rs 8.41 Cr GST notice is a minor overhang but not material to operations. Overall trend is stable with upcoming Q1FY27 results on Aug 4 likely to be the next sentiment driver.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 620 | 615 | 596 | 597 | 650 | 636 | 626 | 659 |
| Expenses | 506 | 530 | 501 | 485 | 544 | 533 | 529 | 547 |
| Operating Profit | 113 | 86 | 95 | 112 | 106 | 103 | 97 | 113 |
| OPM % | 18% | 14% | 16% | 19% | 16% | 16% | 16% | 17% |
| Other Income | 15 | 20 | -20 | 8 | 10 | -8 | 14 | 19 |
| Interest | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 15 | 17 | 15 | 12 | 13 | 17 | 12 | 12 |
| PBT | 111 | 88 | 59 | 106 | 102 | 76 | 98 | 117 |
| Tax % | 26% | 25% | 40% | 26% | 25% | 26% | 25% | 25% |
| Net Profit | 83 | 66 | 35 | 79 | 77 | 57 | 73 | 88 |
| EPS in Rs | 61.74 | 49.17 | 25.72 | 5.76 | 5.6 | 4.13 | 5.36 | 6.4 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 820 | 967 | 1,838 | 2,172 | 2,356 | 2,395 | 2,509 | 2,571 |
| Expenses | 682 | 776 | 1,600 | 1,861 | 2,015 | 1,998 | 2,091 | 2,152 |
| Operating Profit | 138 | 191 | 238 | 312 | 341 | 396 | 418 | 419 |
| OPM % | 17% | 20% | 13% | 14% | 14% | 17% | 17% | 16% |
| Other Income | -3 | 11 | 15 | 28 | 34 | 27 | 25 | 35 |
| Interest | 7 | 5 | 29 | 27 | 7 | 7 | 7 | 7 |
| Depreciation | 32 | 31 | 56 | 55 | 62 | 62 | 54 | 54 |
| PBT | 96 | 166 | 167 | 257 | 307 | 355 | 382 | 394 |
| Tax % | 26% | 25% | 30% | -32% | 26% | 28% | 25% | — |
| Net Profit | 69 | 123 | 117 | 339 | 226 | 256 | 286 | 294 |
| EPS in Rs | 70.66 | 100 | 95.03 | 275 | 169 | 187 | 20.85 | 21.49 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 235% | 0% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 12 | 12 | 12 | 13 | 14 | 14 |
| Reserves | 268 | 1,772 | 1,889 | 2,227 | 2,793 | 2,446 | 2,736 |
| Borrowings | 12 | 80 | 35 | 95 | 64 | 54 | 63 |
| Other Liabilities | 172 | 823 | 856 | 767 | 505 | 657 | 589 |
| Total Liabilities | 462 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 |
| Fixed Assets | 248 | 2,036 | 2,045 | 2,013 | 2,055 | 1,981 | 1,968 |
| CWIP | 4 | 4 | 3 | 74 | 4 | 8 | 4 |
| Investments | 80 | 52 | 201 | 255 | 325 | 175 | 573 |
| Other Assets | 130 | 596 | 544 | 760 | 991 | 1,008 | 857 |
| Total Assets | 462 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 96 | 148 | 180 | 190 | 296 | 392 | 261 |
| Investing | -68 | -1,203 | -168 | -165 | -237 | 263 | -307 |
| Financing | -23 | 1,109 | -57 | -15 | -45 | -613 | -13 |
| Net Cash Flow | 5 | 53 | -45 | 10 | 15 | 42 | -58 |
| Free Cash Flow | 81 | 134 | 153 | 113 | 258 | 372 | 240 |
| CFO/OP | 92 | 100 | 101 | 85 | 111 | 125 | 85 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 36 | 20 | 19 | 26 | 25 | 27 |
| Inventory Days | 63 | 232 | 104 | 111 | 84 | 93 | 77 |
| Days Payable | 62 | 161 | 71 | 58 | 66 | 81 | 66 |
| Cash Conversion Cycle | 8 | 106 | 52 | 73 | 45 | 36 | 37 |
| Working Capital Days | -18 | 40 | -32 | -24 | 54 | 17 | 28 |
| ROCE % | — | 15% | 10% | 13% | 12% | 14% | 15% |
Documents
1
Board Meeting Intimation for Consider And Approve The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March 31 2026
8 May - Board meets May 19, 2026 to approve Q4FY26 and FY26 audited results; analysts call at 17:00 IST. 8 May - Board meets May 19, 2026 to approve Q4FY26 and FY26 audited results; analysts call at 17:00 IST.
3
Notification To Stock Exchanges
28 Apr - Orkla India notified exchanges about CEO Sanjay Sharma’s public podcast on YouTube; no UPSI disclosed. 28 Apr - Orkla India notified exchanges about CEO Sanjay Sharma’s public podcast on YouTube; no UPSI disclosed.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Apr - MTR launches Minute Fresh Batter range in Hyderabad, with dosa and rice rava idli batters. 29 Apr - MTR launches Minute Fresh Batter range in Hyderabad, with dosa and rice rava idli batters.
5
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
27 Apr - Postal ballot approved remuneration for Chairman and Non-Executive Director Atle Vidar Nagel Johansen on April 24, 2026. 27 Apr - Postal ballot approved remuneration for Chairman and Non-Executive Director Atle Vidar Nagel Johansen on April 24, 2026.
Frequently Asked Questions about Orkla India Ltd
What does Orkla India Ltd do?
Incorporated in 1996, Orkla India Limited is an Indian food company, offering a diverse range of food products, from breakfast to lunch and dinner, snacks, beverages, and desserts.[1]It has iconic heritage Indian brands – MTR, Eastern and Rasoi Magic.
Where is Orkla India Ltd (ORKLAINDIA) listed?
Orkla India Ltd is listed on the Indian stock exchanges. It is listed on NSE: ORKLAINDIA and BSE: 544595. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Orkla India Ltd belong to?
Orkla India Ltd operates in the Food Products sector. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Orkla India Ltd?
Orkla India Ltd has a market capitalisation of approximately ₹7691.26 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Orkla India Ltd?
The Price-to-Earnings (PE) ratio of Orkla India Ltd is 26.38. 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 Orkla India Ltd?
Over the past 52 weeks, Orkla India Ltd has traded between a low of ₹533.25 and a high of ₹760. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Orkla India Ltd?
Orkla India Ltd has a Return on Equity (ROE) of 10.39%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Orkla India Ltd on Tapetide?
On Tapetide, you can view Orkla India 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 1996, Orkla India Limited is an Indian food company, offering a diverse range of food products, from breakfast to lunch and dinner, snacks, beverages, and desserts.[1]It has iconic heritage Indian brands – MTR, Eastern and Rasoi Magic.