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Kaveri Seed Company

KSCL NSE
₹680.25 No trade today
P/E
14.02
View as Markdown
MCP
Close 4 Nov 2026 ₹680.25 −367.65 −35.1% 1Y
Start ₹1,047.90

Key Fundamentals

MicrocapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
15.80%
Debt to Equity
0.00
EPS (TTM)
₹48.52
Book Value
₹394.00
Market Cap
—
P/E (TTM)
14.02
P/B
1.73
ROE
15.00%
Dividend Yield
0.75%
EBITDA
₹366 Cr
52W High
₹1,095.90
52W Low
₹642.95
Volume
0

Peer Comparison

Fast Moving Consumer Goods › FMCG › Agricultural Products › Other Agricultural Products

Kaveri Seed Company peer comparison
LT Foods
₹410.1022.24₹14,281 Cr2.910.73%14.70%17.60%₹11,633 Cr₹640 Cr
KRBL
₹408.6512.33₹9,318 Cr1.501.12%11.70%15.20%₹6,009 Cr₹758 Cr
Gujarat Ambuja Exports
₹152.0916.77₹6,847 Cr1.940.20%9.72%12.50%₹6,032 Cr₹416 Cr
Kaveri Seed Company (this company)
₹680.2514.02₹3,469 Cr1.730.75%15.00%15.80%₹1,279 Cr₹249 Cr
Trualt Bioenergy
₹369.4520.27₹3,167 Cr1.960.00%8.38%10.40%₹2,050 Cr₹159 Cr
Amir Chand Jagdish Kumar (Exports)
₹222.5715.79₹2,241 Cr2.330.00%15.80%15.70%₹2,627 Cr₹132 Cr
GRM Overseas
₹92.9823.84₹1,926 Cr3.210.48%14.20%14.00%₹1,869 Cr₹77 Cr
Median 7 companies₹369.4516.77₹3,469 Cr1.960.48%14.20%15.20%₹2,627 Cr₹249 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

47 Average

Data confidence 100/100

Category scores

Quality
50
Average
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
31
Poor
Sales & profit trajectory 9% weight
Financial Health
74
Strong
Solvency, leverage, coverage 9% weight
Momentum
13
Poor
Trend strength, vol-adjusted 12% weight
Ownership
46
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • The company has delivered a poor sales growth of 6.14% over past five years.
  • Tax rate seems low
  • Working capital days have increased from 117 days to 171 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1270
OscillatorsBearish270
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
42.45
Neutral
MACD (12,26,9)
−15.38
Bearish
SMA (50)
723.56
Bearish
SMA (200)
826.59
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+6.48%
5Y+6.15%
3Y+9.23%
1Y+15.81%
TTM+1.43%

Net profit

Net profit growth by window
10Y+5.89%
5Y−0.98%
3Y+2.73%
1Y+4.96%
TTM−21.70%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.09 pp
5Y−4.64 pp
3Y+0.61 pp
1Y0.00 pp
TTM−3.50 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹703 Cr
Mar 2018₹818 Cr
Mar 2019₹808 Cr
Mar 2020₹929 Cr
Mar 2021₹1,033 Cr
Mar 2022₹968 Cr
Mar 2023₹1,068 Cr
Mar 2024₹1,146 Cr
Mar 2025₹1,202 Cr
Mar 2026₹1,392 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹77.00 Cr
Mar 2018₹211 Cr
Mar 2019₹217 Cr
Mar 2020₹260 Cr
Mar 2021₹311 Cr
Mar 2022₹213 Cr
Mar 2023₹273 Cr
Mar 2024₹300 Cr
Mar 2025₹282 Cr
Mar 2026₹296 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹300 Cr −18.0% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
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 7
  • 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

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

AI News Digest

96d ago

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.

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.

Quarterly Results

₹ Cr
KSCL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
736
171
143
98
803
137
174
90
859
219
210
107
742
244
Expenses
458
160
134
110
508
139
160
107
520
225
189
123
449
244
Operating Profit
278
11
9
−12
295
−2
14
−17
338
−6
21
−16
294
1
OPM %
38%
7%
6%
−12%
37%
−1.4%
8%
−18%
39%
−2.9%
10%
−15%
40%
0.3%
Other Income
12
14
13
25
9
13
11
13
10
6
8
6
4
5
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
6
6
7
10
8
8
9
16
14
15
15
16
13
14
PBT
284
19
15
3
297
3
17
−20
334
−15
14
−27
284
−8
Tax %
3%
25%
25%
112%
2%
126%
11%
17%
2%
7%
6%
3%
1%
4%
Net Profit
275
14
11
0
291
−1
15
−23
327
−16
13
−28
280
−9
EPS (₹)
48.91
2.45
2.11
−0.05
56.28
−0.13
3
−4.46
63.39
−3
2.53
−5.41
54.4
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
KSCL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,159
743
703
818
808
929
1,033
968
1,068
1,146
1,202
1,392
1,279
Expenses
850
556
564
597
596
676
735
765
816
860
911
1,055
986
Operating Profit
310
188
140
222
212
253
298
203
252
286
291
337
293
OPM %
27%
25%
20%
27%
26%
27%
29%
21%
24%
25%
24%
24%
23%
Other Income
15
13
−25
24
43
46
46
41
55
63
46
29
23
Interest
0
0
0
1
1
0
1
0
0
0
0
0
0
Depreciation
15
27
30
25
23
26
22
21
21
28
40
60
60
PBT
310
173
84
220
231
273
321
223
286
321
297
306
255
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
249
EPS (₹)
43.68
24.31
11.27
31.96
34.45
42.94
51.47
36.43
48.59
58.08
54.69
57.51
48.52
Div. Payout %
17%
10%
0%
9%
9%
7%
8%
11%
8%
9%
9%
9%
—

Balance Sheet

₹ Cr
KSCL balance sheet, annual, ₹ crore
Particulars 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
997
Total Liabilities
1,158
1,361
1,528
1,465
1,550
1,577
1,960
1,877
2,048
2,048
2,649
2,754
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
1,791
Total Assets
1,158
1,361
1,528
1,465
1,550
1,577
1,960
1,877
2,048
2,048
2,649
2,754

Cash Flow

₹ Cr
KSCL cash flow, annual, ₹ crore
Particulars 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

Ratios

KSCL financial ratios, annual
Particulars 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
171
ROCE %
47%
21%
15%
21%
20%
24%
27%
16%
17%
22%
20%
16%

Insights

Beta

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

Log in to view Kaveri Seed Company insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.50%
  • Public 17.69%
  • FIIs 17.56%
  • DIIs 3.48%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kaveri Seed Company

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
Where is Kaveri Seed Company Ltd (KSCL) listed?
Kaveri Seed Company Ltd trades as KSCL on the NSE and under code 532899 on the BSE.
Which sector does Kaveri Seed Company Ltd belong to?
Kaveri Seed Company Ltd is classified under the FMCG sector, in the Agricultural Products industry.
What is the PE ratio of Kaveri Seed Company Ltd?
Kaveri Seed Company Ltd trades at a PE ratio of 14.02 as of 4 Nov 2026, on earnings per share of ₹48.52, against a book value of ₹394 per share.
What is the 52-week high and low of Kaveri Seed Company Ltd?
Over the last 52 weeks Kaveri Seed Company Ltd has traded between ₹642.95 and ₹1,095.9 as of 4 Nov 2026.
Does Kaveri Seed Company Ltd pay dividends?
Kaveri Seed Company Ltd has a dividend yield of 0.75%.
What is the Return on Equity (ROE) of Kaveri Seed Company Ltd?
Kaveri Seed Company Ltd reported a return on equity of 15.00%. Its debt-to-equity ratio is 0.00.

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

Website kaveriseeds.in
CEO Mr. Gundavaram Venkata Bhaskar Rao
Employees 1,466
Listed 4 Oct 2007
Face Value ₹2

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