Orkla logo

Orkla

ORKLAINDIA NSE

Key Fundamentals

MicrocapFood Products
Market Cap
₹7,908 Cr
Volatility
Moderate
P/E Ratio
27.51
EBITDA
₹460 Cr
Return on Equity
10.39%
Debt to Equity
0.02
Book Value
₹200.75
52W High
₹760
52W Low
₹533.25

Tapetide Score

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

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

2
  • Stock is trading at 2.95 times its book value
  • Company has a low return on equity of 9.90% over last 3 years.

Growth Rate

Revenue Growth
3.89% lower than 3Y
Net Income Growth
11.73% higher than 3Y
Cash Flow Change
-33.32% lower than 3Y
ROE
-0.1% lower than 3Y
ROCE
-3.7% lower than 3Y
EBITDA Margin (Avg.)
-3.11% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 44d ago
AI 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 anthropic claude-opus-4.6 42d 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

Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

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

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54 extracted metrics + investor summaries across FY20–FY27.

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Shareholding Pattern

Others0.98%Promot.75.00%FIIs2.30%DIIs8.69%Public13.02%As ofJun 2026

Documents

Frequently Asked Questions about Orkla

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 trades as ORKLAINDIA on the NSE and under code 544595 on the BSE.
Which sector does Orkla India Ltd belong to?
Orkla India Ltd is classified under the Food Products sector.
What is the market capitalisation of Orkla India Ltd?
Orkla India Ltd has a market capitalisation of ₹7,908 Cr, which places it in the Mid Cap band.
What is the PE ratio of Orkla India Ltd?
Orkla India Ltd trades at a PE ratio of 27.51, against a book value of ₹200.75 per share.
What is the 52-week high and low of Orkla India Ltd?
Over the last 52 weeks Orkla India Ltd has traded between ₹533.25 and ₹760.
What is the Return on Equity (ROE) of Orkla India Ltd?
Orkla India Ltd reported a return on equity of 10.39%. Its debt-to-equity ratio is 0.02.

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.

Listed 2025-11-06
Face Value ₹ 1
Issued Size 13,69,89,230

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