KRBL Limited (KRBL) AI Stock Analysis

• Market Cap: ₹65.78B
• Dividend Yield: 0.87%
• Average Volume (3M): 82.17K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 1.51
• 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: 63 Neutral
• Price Target: ₹310.00 ▼(-19.89% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is driven primarily by solid financial health (strong balance sheet and improved cash generation), tempered by profitability pressure and asset decline. Technical indicators are the main drag due to a clear downtrend despite oversold readings. Valuation is supportive with a moderate P/E and a modest dividend yield.

Positive Factors

Strong balance sheet and low leverage

A high equity ratio and low debt-to-equity provide durable financial flexibility. This reduces interest burden, improves resilience to commodity cycles, and allows the company to finance aging, processing, or distribution investments internally, supporting steady operations over months.

Improved operating and free cash flow

Stronger operating and free cash flow enhances funding for working-capital needs (e.g., rice aging), capex, and distributions without external borrowing. Reliable cash generation improves strategic optionality and lowers refinancing risk during commodity or FX stress over the medium term.

Consistent revenue growth and slight gross margin improvement

Sustained revenue growth and modest gross margin gains reflect durable market demand for branded and export rice and some cost control. This supports long-term brand-led margin capture and provides a foundation to scale branded sales and export relationships over multiple quarters.

Negative Factors

Weakened net profit margin

A declining net margin signals underlying profitability pressure—potentially from higher SG&A, commodity costs, or other non-operating headwinds. Persistent margin erosion reduces retained earnings and constrains reinvestment and buffer against future commodity/market shocks.

Decline in total assets may limit growth

Falling total assets can indicate underinvestment in capacity, inventory, or processing capabilities. Over time this may constrain throughput, export volumes, and the ability to scale branded initiatives, limiting revenue upside and operational leverage over several quarters.

Working-capital intensity and commodity/FX exposure

Reliance on aged inventory ties up cash and increases exposure to paddy procurement volatility. Combined with material export and FX sensitivity and trade-policy risk, this structural profile can produce profit and cash-flow swings that impair planning and margin stability months ahead.

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 primarily makes money by selling basmati rice and related rice products through a mix of branded consumer sales and bulk/commodity-style sales in India and overseas. Key revenue streams typically include: (1) Branded basmati rice sales: Packaged, branded basmati sold through retail and distributor channels in India and in export markets; this segment generally earns higher margins because it captures value from branding, consistent quality, packaging, and consumer marketing. (2) Non-branded/bulk basmati rice sales: Sales of rice in bulk to wholesalers, institutional buyers, and international importers/private labels; this stream is more volume-driven and more sensitive to commodity price movements. (3) Export revenues: A significant portion of sales is generated from exports of basmati rice to overseas markets, leveraging KRBL’s sourcing, processing, compliance, and distribution relationships with international buyers; export performance is influenced by global demand, trade policies, and foreign exchange movements. (4) By-products and ancillary sales: Processing of paddy into rice generates by-products (e.g., bran/husk) that can be monetized; specific details and scale for KRBL are not available in this response and are therefore null. Major factors affecting earnings include procurement prices for basmati paddy, the company’s ability to age rice (working-capital intensive inventory that can improve realizations), brand strength and distribution reach, export market access and regulations, and currency movements on export realizations. Significant named partnerships are null (not available in this response).

KRBL Limited Financial Statement Overview

Summary

Overall fundamentals are solid: a strong balance sheet with low leverage and a high equity ratio supports stability, and operating/free cash flow has improved. Offsetting this, net profit margin has weakened and total assets have declined, indicating some profitability pressure and potential growth constraints.

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	62.20B	55.94B	53.65B	53.41B	42.11B	39.82B
Gross Profit	16.47B	13.79B	13.35B	15.22B	11.49B	12.09B
EBITDA	9.20B	7.36B	8.99B	10.31B	7.05B	8.45B
Net Income	6.10B	4.76B	5.96B	7.01B	4.59B	5.59B
Balance Sheet
Total Assets	62.58B	62.26B	59.27B	55.91B	47.48B	46.28B
Cash, Cash Equivalents and Short-Term Investments	23.76B	5.05B	1.45B	776.30M	3.98B	1.78B
Total Debt	709.90M	4.07B	5.45B	2.50B	1.45B	3.69B
Total Liabilities	7.75B	9.85B	10.68B	8.97B	6.77B	9.34B
Stockholders Equity	54.82B	52.40B	48.58B	46.93B	40.70B	36.93B
Cash Flow
Free Cash Flow	18.11B	8.64B	1.41B	-4.19B	5.19B	3.42B
Operating Cash Flow	18.55B	9.61B	2.26B	-3.60B	5.61B	3.84B
Investing Cash Flow	-2.29B	-5.23B	-874.40M	2.06B	-2.06B	-116.70M
Financing Cash Flow	-4.46B	-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: Positive
• 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 324.59, above the 50-day MA of 343.08, and above the 200-day MA of 380.94, indicating a bearish trend. The MACD of -18.45 indicates Positive momentum. The RSI at 28.94 is Positive, neither overbought nor oversold. The STOCH value of 8.67 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	₹11.56B	9.13	―	0.95%	-11.39%	-12.82%
GRMOVER	72 Outperform	₹28.46B	38.77	―	―	-8.29%	4.70%
LTFOODS	69 Neutral	₹131.61B	21.49	―	0.74%	18.77%	5.76%
KRBL	63 Neutral	₹65.78B	13.27	―	0.87%	19.04%	39.43%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SARVESHWAR	51 Neutral	₹3.92B	14.95	―	―	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.