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Orkla India

ORKLAINDIA NSE
₹528.10 +1.35 (+0.26%)
P/E
24.57
View as Markdown
MCP
Close 4 Nov 2026 ₹528.10 −185.55 −26.0% 1Y
Start ₹713.65

Key Fundamentals

MicrocapFood ProductsFMCG

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

ROCE
14.90%
Debt to Equity
0.02
EPS (TTM)
₹21.49
Book Value
₹200.69
Market Cap
—
P/E (TTM)
24.57
P/B
2.63
ROE
11.20%
Dividend Yield
0.00%
EBITDA
₹460 Cr
52W High
₹760.00
52W Low
₹503.50
Day Range
₹523.00 – ₹534.90
Volume
17,244

Tapetide Score

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

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
43
Weak
Cheap vs sector & own history 24% weight
Growth
44
Weak
Sales & profit trajectory 9% weight
Financial Health
87
Strong
Solvency, leverage, coverage 9% weight
Momentum
33
Poor
Trend strength, vol-adjusted 12% weight
Ownership
36
Poor
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

2
  • Stock is trading at 2.76 times its book value
  • Company has a low return on equity of 9.90% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1072
OscillatorsBearish270
Moving AveragesStrong Bearish802

Key readings

RSI (14)
44.42
Neutral
MACD (12,26,9)
−9.97
Bearish
SMA (50)
559.36
Bearish
SMA (200)
586.20
Bearish

As of

Analyst Rating

Based on 6 analysts
BUY100%

6 of 6 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
6
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 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
5Y+21.01%
3Y+4.93%
1Y+4.76%
TTM+5.89%

Net profit

Net profit growth by window
5Y+18.38%
3Y−5.51%
1Y+11.72%
TTM+12.17%

Operating cash flow

Operating cash flow growth by window
5Y+12.01%
3Y+11.16%
1Y−33.42%
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y−3.09 pp
3Y+2.30 pp
1Y+0.13 pp
TTM−0.42 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹820 Cr
Mar 2021₹967 Cr
Mar 2022₹1,838 Cr
Mar 2023₹2,172 Cr
Mar 2024₹2,356 Cr
Mar 2025₹2,395 Cr
Mar 2026₹2,509 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹69.00 Cr
Mar 2021₹123 Cr
Mar 2022₹117 Cr
Mar 2023₹339 Cr
Mar 2024₹226 Cr
Mar 2025₹256 Cr
Mar 2026₹286 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹114 Cr −13.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
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

94d ago

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.

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 1
  • 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.

Quarterly Results

₹ Cr
ORKLAINDIA quarterly results, ₹ crore
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
14.95
17.36
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 (₹)
6.18
4.92
2.57
5.76
5.6
4.13
5.36
6.4

Profit & Loss

₹ Cr
ORKLAINDIA profit and loss, annual, ₹ crore
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
383
394
Tax %
26%
25%
30%
−32%
26%
28%
25%
—
Net Profit
69
123
117
339
226
256
286
294
EPS (₹)
7.07
10
9.5
27.5
16.9
18.66
20.85
21.49
Div. Payout %
0%
0%
0%
0%
0%
235%
0%
—

Balance Sheet

₹ Cr
ORKLAINDIA balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
ORKLAINDIA cash flow, annual, ₹ crore
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/EBITDA
92
100
101
85
111
125
85

Ratios

ORKLAINDIA financial ratios, annual
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

Log in to view Orkla insights

55 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 75.00%
  • Public 13.85%
  • DIIs 7.85%
  • FIIs 2.04%
  • Others 1.26%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Orkla India

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. 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 PE ratio of Orkla India Ltd?
Orkla India Ltd trades at a PE ratio of 24.57 as of 4 Nov 2026, on earnings per share of ₹21.49, against a book value of ₹200.69 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 ₹503.5 and ₹760 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Orkla India Ltd?
Orkla India Ltd reported a return on equity of 11.20%. 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. It has iconic heritage Indian brands – MTR, Eastern and Rasoi Magic.

Website orklaindia.com
Listed 6 Nov 2025
Face Value ₹1

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