KRBL Limited (KRBL) AI Stock Analysis

• Market Cap: ₹77.70B
• Dividend Yield: 0.87%
• Average Volume (3M): 82.17K
• Price to Earnings (P/E): 12.0
• Beta (1Y): 1.57
• Revenue Growth: 19.04%
• EPS Growth: 39.43%
• Country: IN
• Employees: 2,768
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 7.43
• Shares Outstanding: 228,889,900
• 10 Day Avg. Volume: 47,627
• 30 Day Avg. Volume: 82,170
• PEG Ratio: -0.71
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 1.14
• P/FCF Ratio: 7.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 31.7
• Revenue Forecast (FY): ₹60.86B

• Rating: 68 Neutral
• Price Target: ₹370.00 ▼(-4.38% Downside)
• Action: Reiterated Date: 11/15/25
• Date: Action: Reiterated 11/15/25

KRBL Limited demonstrates a stable financial performance with strong equity and cash flow generation, though profitability margins face some pressure. The technical analysis indicates bullish momentum, but caution is warranted due to overbought signals. Valuation metrics suggest the stock is fairly valued. Overall, KRBL Limited presents a balanced investment opportunity with strengths in financial stability and growth potential, tempered by some profitability and technical risks.

Positive Factors

Vertical integration & branded portfolio

KRBL’s control across the basmati rice value chain—procurement, aging, milling, packaging and branded distribution—creates durable competitive advantages. Vertical integration supports consistent quality, margin capture on branded product, and resilience versus pure commodity players over multiple quarters.

Consistent revenue growth trend

Near 10% revenue growth reflects expanding demand and effective commercial execution across domestic branded and export channels. Sustained top-line growth supports scale benefits in sourcing and processing, aiding medium-term margin recovery and capacity utilization over the next several quarters.

Strong balance sheet and cash generation

Low leverage and a high equity ratio, combined with recently improved operating and free cash flow, give KRBL durable financial flexibility. Strong cash generation supports working-capital needs, buys time through commodity cycles, and enables reinvestment without heavy external funding.

Negative Factors

Declining net profit margins

KRBL’s falling net profit margin—driven by lower net income despite rising revenue—signals pressure on bottom-line conversion. If structural cost pressures or lower realizations persist, this can restrain retained earnings, limit reinvestment capacity, and weaken long-term return on capital.

Working-capital intensive inventory

The company’s strategy of aging basmati to improve realizations ties up substantial working capital for extended periods. That structural inventory intensity increases liquidity needs around harvest cycles and raises financing and operational risk across multiple reporting periods.

Cash flow volatility and asset reduction

Past cash-flow volatility and a decline in total assets constrain predictable growth planning. Intermittent free-cash variability and shrinking asset base can limit capital expenditure, capacity expansion, or marketing investments, undermining medium-term growth and competitiveness.

KRBL Limited Business Overview & Revenue Model

Company Description

KRBL Limited produces and sells rice in India and internationally. The company operates through two segments, Agri and Energy. The Agri segment offers agricultural commodities, such as rice, furfural, seed, bran, bran oil, etc. The Energy segment generates power from wind turbine, and husk based and solar power plants. This segment has a total wind power project capacity of 112.25 megawatts, solar power project capacity of 17 megawatts, and biomass project capacity of 17.59 megawatts. The company offers its products under the brands of India Gate, Doon, Nur Jahan, Indian Farm, Bemisal, Aarati, Unity, Lotus, Taj Mahal Tilla, Shubh Mangal, Necklace, Lion, Al Wisam, Train, Al Bustan, Telephone, Southern Girl, Alhussam, Blue Bird, City Palace, etc. KRBL Limited also exports its products. The company was formerly known as Khushi Ram Behari Lal. KRBL Limited was founded in 1889 and is based in Noida, India.

How the Company Makes Money

KRBL generates revenue primarily through the sale of basmati rice, which constitutes a significant portion of its earnings. The company has established a strong distribution network, enabling it to reach consumers in various regions, both in India and abroad. Key revenue streams include exports to countries in the Middle East, Europe, and North America, as well as domestic sales through retail channels. Additionally, KRBL benefits from strategic partnerships with distributors and retailers that enhance its market presence. The company's ability to maintain quality control and brand reputation further contributes to its earnings, as customers are willing to pay a premium for its high-quality rice products.

KRBL Limited Financial Statement Overview

Summary

KRBL Limited presents a generally positive financial outlook with strong equity and improved cash flows. While revenue and gross profit margins are on the rise, net income has faced some pressure, impacting profitability margins. The company's low leverage and strong cash flow generation are significant strengths, though past cash flow volatility and asset reduction present potential risks. Overall, KRBL Limited shows resilience and stability with areas for potential improvement.

Income Statement

KRBL Limited demonstrates a consistent revenue growth trend, with a notable increase from 2024 to 2025. The gross profit margin has slightly improved, indicating efficient cost management. However, net profit margin has decreased due to lower net income, suggesting some profitability challenges. Overall, the income statement reflects a stable but slightly pressured profitability in recent periods.

Balance Sheet

The balance sheet of KRBL Limited is strong with a high equity ratio, indicating financial stability and low leverage. The debt-to-equity ratio is low, highlighting effective use of leverage. However, a decrease in total assets from previous years could be a concern for future growth potential. Overall, the balance sheet reflects solid financial health with prudent leverage management.

Cash Flow

Cash flow analysis reveals a significant improvement in operating cash flow and free cash flow compared to prior years. The free cash flow to net income ratio indicates a strong cash generation capability, though historical fluctuations in cash flow warrant attention. Despite the positive cash flow trends, previous years showed volatility which poses a potential risk.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	59.79B	55.94B	53.65B	53.41B	42.11B	39.82B
Gross Profit	15.00B	13.79B	13.35B	15.22B	11.49B	12.09B
EBITDA	8.22B	7.36B	8.99B	10.31B	7.05B	8.45B
Net Income	5.40B	4.76B	5.96B	7.01B	4.59B	5.59B
Balance Sheet
Total Assets	0.00	62.26B	59.27B	55.91B	47.48B	46.28B
Cash, Cash Equivalents and Short-Term Investments	8.13B	5.05B	1.45B	776.30M	3.98B	1.78B
Total Debt	0.00	4.07B	5.45B	2.50B	1.45B	3.69B
Total Liabilities	-52.41B	9.85B	10.68B	8.97B	6.77B	9.34B
Stockholders Equity	52.41B	52.40B	48.58B	46.93B	40.70B	36.93B
Cash Flow
Free Cash Flow	0.00	8.64B	1.41B	-4.19B	5.19B	3.42B
Operating Cash Flow	0.00	9.61B	2.26B	-3.60B	5.61B	3.84B
Investing Cash Flow	0.00	-5.23B	-874.40M	2.06B	-2.06B	-116.70M
Financing Cash Flow	0.00	-2.52B	-1.57B	47.80M	-3.22B	-2.27B

KRBL Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 386.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KRBL, the sentiment is Negative. The current price of 386.95 is above the 20-day moving average (MA) of 361.04, above the 50-day MA of 364.63, and above the 200-day MA of 383.44, indicating a bearish trend. The MACD of -2.73 indicates Positive momentum. The RSI at 37.99 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KRBL.

KRBL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLSEL	72 Outperform	₹13.40B	13.26	―	0.95%	-11.39%	-12.82%
GRMOVER	72 Outperform	₹29.75B	40.38	―	―	-8.29%	4.70%
LTFOODS	71 Outperform	₹139.70B	21.48	―	0.74%	18.77%	5.76%
KRBL	68 Neutral	₹77.70B	12.01	―	0.87%	19.04%	39.43%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SARVESHWAR	51 Neutral	₹4.69B	12.98	―	―	29.26%	46.09%

KRBL Limited Corporate Events

KRBL Announces Resignation of Company Secretary and Compliance Officer

KRBL Limited has announced that its Company Secretary and Compliance Officer, Piyush Asija, will resign with effect from the close of business on February 27, 2026, to pursue a professional opportunity outside the organization. His departure also means he will cease to be a Key Managerial Personnel and Nodal Officer, prompting a transition in the company’s core governance and compliance roles that investors will watch for continuity and regulatory adherence.

The company has notified the stock exchanges in line with SEBI’s disclosure requirements, underscoring its adherence to regulatory norms despite the senior compliance exit. Stakeholders will now look for KRBL’s next appointment to this critical position to maintain oversight of listing compliance, corporate governance, and related regulatory obligations.

KRBL Limited Schedules Investor Meeting with ARDEKO Asset Management

KRBL Limited, a prominent player in the rice industry, has announced a scheduled meeting between its Chief Financial Officer and ARDEKO Asset Management. This meeting, set for December 18, 2025, will be a one-on-one interaction conducted physically, allowing for direct engagement with institutional investors. The company has assured that no unpublished price-sensitive information will be disclosed during this interaction, maintaining compliance with regulatory standards.