Kaveri Seed Company Limited (KSCL)

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Kaveri Seed Company Limited (KSCL) · mywealthgrid

About

Kaveri Seed Company Limited produces seeds and agricultural products for India's farming sector. With ₹4,009 Cr market cap, zero debt, and 18.17% ROE, it demonstrated strong peak earnings—₹327 Cr profit at 39% operating margin in Jun 2025—but deteriorated sharply through subsequent quarters to losses by Mar 2026.

Face value: ₹2

Market cap

₹3,676 Cr

P/E

14.7×

P/B

2.1×

Dividend yield

1.4%

ROE

18.2%

ROCE

18.2%

Debt / equity

OPM

24.2%

EPS (TTM)

₹48.5

Book value

₹341.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue fell 82% from ₹945 Cr peak to ₹82 Cr and operating margins from 39% to -17.6% within nine months; verify root cause—seasonality, inventory write-down, demand shock, or cost structure
Two consecutive quarterly net losses (Sep 2025: -₹15 Cr; Mar 2026: -₹27.81 Cr) alongside zero debt raise working capital and inventory management concerns; clarify the nature and timing of these losses
Seed demand depends on crop cycles and farmer income; verify current monsoon expectations, commodity prices, and farmer sentiment affecting near-term demand
Stock declined 28.85% over one year with wide 52-week range (₹714–₹1,202); verify whether market is pricing structural headwinds or cyclical recovery expectations

Generated analysis · source review pending

Growth drivers

Jun 2025 achieved ₹945 Cr revenue and 39% operating margin; verify conditions enabling this performance and whether similar results recur seasonally
Zero debt (D/E 0) with prior ROE of 18.17% means capital base exists for investment if demand recovers; verify management's capex or R&D plans given current downturn
Profitable quarters show strong margins at 39%, indicating capability when market conditions align; verify competitive positioning and product differentiation sustaining this premium
Operates in Indian agricultural seeds, a fundamental input to crop production; verify market share, regional footprint, and seed-variety portfolio relative to competitors

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹715.1-3.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.6% (3-yr avg)
+High return on capital employed of 21%
+Healthy operating margin of 24.2%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 927.6×
+High promoter holding of 60.5% with no pledge

Cons

−Profit declined 1% a year over the last 5 years
−Modest revenue growth of 6.1% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 72
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lt Foods LimitedLTFOODSLTFOODS	₹13,862 Cr	₹14,836 Cr	₹11,633 Cr	₹1,247 Cr	10.6%	₹640 Cr	5.7%	20.1%	14.9%	176
Krbl LimitedKRBLKRBL	₹8,604 Cr	₹8,774 Cr	₹6,009 Cr	₹992 Cr	14.8%	₹758 Cr	10.6%	15.5%	11.7%	323
Gujarat Ambuja Exports LimitedGAELGAEL	₹7,233 Cr	₹7,667 Cr	₹6,032 Cr	₹602 Cr	8.1%	₹416 Cr	5.3%	13.2%	9.7%	84
Trualt Bioenergy LimitedTRUALTTRUALT	₹3,812 Cr	₹5,458 Cr	₹2,051 Cr	₹381 Cr	16.8%	₹149 Cr	5.6%	10.8%	6.3%	170
Kaveri Seed Company LimitedKSCLKSCL	₹3,676 Cr	₹3,676 Cr	₹1,279 Cr	₹292 Cr	24.2%	₹250 Cr	21.2%	18.2%	18.2%	396
Amir Chand Jagdish Kumar (Exports) LimitedAEROPLANEAEROPLANE	₹2,156 Cr	₹2,914 Cr	₹2,287 Cr	₹225 Cr	9.9%	₹103 Cr	4.5%	24.1%	11.2%	253
Sanstar LimitedSANSTARSANSTAR	₹2,063 Cr	₹2,083 Cr	₹821 Cr	₹54 Cr	4.8%	₹44 Cr	4.4%	5.5%	5.1%	53
Grm Overseas LimitedGRMOVERGRMOVER	₹1,613 Cr	₹1,979 Cr	₹1,869 Cr	₹102 Cr	5.1%	₹77 Cr	4.2%	23.7%	14.5%	212
Chaman Lal Setia Exports LimitedCLSELCLSEL	₹1,401 Cr	₹1,484 Cr	₹1,478 Cr	₹171 Cr	10.9%	₹125 Cr	8%	19%	14.6%	197
Avt Natural Products LimitedAVTNPLAVTNPL	₹1,338 Cr	₹1,452 Cr	₹822 Cr	₹114 Cr	12.6%	₹84 Cr	9.1%	16.9%	12.2%	327
Gulshan Polyols LimitedGULPOLYGULPOLY	₹1,009 Cr	₹1,401 Cr	₹2,260 Cr	₹134 Cr	4.7%	₹43 Cr	1.2%	7.5%	4.1%	49
Regaal Resources LimitedREGAALREGAAL	₹883 Cr	₹1,493 Cr	₹1,090 Cr	₹133 Cr	11.2%	₹60 Cr	4.9%	15%	15.2%	50

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	745	706	819	809	930	1,036	970	1,070	1,148	1,205	1,395
COGS	23	18	21	-121	481	541	534	565	580	613	727
Gross profit	722	688	798	—	450	496	436	506	568	592	668
	—	549	577	719	197	198	234	254	283	301	331
	—	140	222	212	253	298	203	252	286	291	337
OPM %	—	19.8%	27.1%	26.2%	27.2%	28.8%	20.9%	23.5%	24.9%	24.1%	24.2%
Depreciation	27	30	25	23	26	22	21	21	28	40	60
Interest	0	0	1	1	0	1	0	0	0	0	0
	13	34	24	43	46	46	41	55	63	46	29
Profit before tax	—	—	—	—	273	321	223	286	321	297	306
Tax	11	20	17	26	13	10	10	13	21	15	10
Tax %	—	—	—	—	4.7%	3.1%	4.5%	4.6%	6.5%	5%	3.3%
	168	78	211	217	260	311	213	273	300	282	296
PAT margin %	22.5%	11%	25.8%	26.9%	27.9%	30%	21.9%	25.5%	26.1%	23.4%	21.2%
EPS (₹)	—	—	—	—	41.8	52.2	36.4	47.9	54.6	55.1	56.9
EPS adjusted (₹)	24.4	11.3	32	34.4	43.1	51.5	35.2	48.6	58.1	54.7	57.5
	—	—	—	—	7.2%	7.7%	11%	8.4%	9.2%	9.1%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	13	13	12	12	12	11	10	10	10
Reserves	775	1,001	999	994	—	1,232	1,269	1,354	1,222	1,489	1,746
Minority interest	0	—	—	—	—	1	1	2	3	4	—
	1	5	3	7	—	1	1	1	0	0	0
	441	509	433	538	—	715	597	683	815	1,150	1,002
Total equity & liabilities	1,231	1,528	1,449	1,552	—	1,962	1,880	2,051	2,052	2,653	2,759
	161	200	189	240	250	246	242	261	297	417	432
CWIP	62	33	35	38	—	31	43	133	134	89	130
Investments	307	657	605	510	—	599	517	562	476	613	401
	702	638	619	764	—	1,086	1,078	1,095	1,145	1,534	1,796
Total assets	1,231	1,528	1,449	1,552	—	1,962	1,880	2,051	2,052	2,653	2,759

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.4%	47.8%	45%	47.3%	49.5%	49.1%	47.9%
EBITDA margin %	26.2%	27.2%	28.8%	20.9%	23.5%	24.9%	24.1%	24.2%
EBIT margin %	23.3%	24.5%	26.6%	18.7%	21.6%	22.4%	20.8%	19.8%
PAT margin %	26.9%	27.9%	30%	21.9%	25.5%	26.1%	23.4%	21.2%
Working capital
Receivable days	38	—	37	42	45	36	28	29
Inventory days	343	—	486	520	464	467	613	608
Payable days	2	—	242	157	150	155	286	241
NWC days	379	—	281	405	360	347	354	396
Leverage
Current ratio	2.37	—	2.11	2.52	2.46	1.98	1.88	2.14
Debt to EBITDA	0.03	—	0	0	0	0	0	0
Debt to equity	0.01	—	0	0	0	0	0	0
Interest coverage	421.3	569	630.5	1,714.5	1,505.7	1,337.6	1,565.3	927.6
Asset turnover	0.52	—	0.53	0.52	0.52	0.56	0.45	0.51
Return ratios
Return on assets %	14%	—	15.9%	11.3%	13.3%	14.6%	10.6%	10.7%
Return on capital employed %	22.3%	—	25%	17%	20.9%	23.8%	20.9%	18.2%
Return on equity %	21.6%	—	25%	16.6%	20%	24.3%	18.8%	16.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.9%	59.9%	60.5%	60.5%	60.5%	60.5%	60.5%	60.5%	60.5%	60.5%	60.5%	60.5%
	16.29%	17.69%	17.22%	18.97%	19.83%	19.5%	20.41%	20.35%	20.36%	19.95%	18.55%	17.54%
	6.77%	4.58%	4.83%	4.98%	3.77%	3.55%	2.91%	2.87%	2.88%	2.78%	2.87%	3.5%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	15.58%	16.37%	15.86%	14.96%	15.31%	15.87%	15.6%	15.7%	15.68%	15.42%	17.3%	17.68%
No. of shareholders	—	—	—	—	—	—	—	—	58,095	56,062	56,781	56,948

Promoter holding up 0.6 percentage points since Sep 2023.

35 deals · 2 Sept 2021 – 25 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	3,82,816	₹809.16	₹30.98 Cr
25 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	3,82,816	₹808.56	₹30.95 Cr
25 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Buy	3,16,133	₹808.91	₹25.57 Cr
25 Sept 2026	ALPHAGREP SECURITIES PRIVATE LIMITED	Bulk	NSE	Sell	3,16,133	₹809.65	₹25.60 Cr
25 Sept 2026	PLUTUS WEALTH MANAGEMENT LLP	Bulk	NSE	Sell	3,07,898	₹809.36	₹24.92 Cr
25 Sept 2026	PLUTUS WEALTH MANAGEMENT LLP	Bulk	NSE	Buy	3,07,898	₹808.86	₹24.90 Cr
25 Sept 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Buy	2,58,305	₹818.18	₹21.13 Cr
25 Sept 2026	IRAGE BROKING SERVICES LLP	Bulk	NSE	Sell	1,65,346	₹811.41	₹13.42 Cr
24 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	12,57,977	₹796.18	₹100.16 Cr
24 Sept 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	12,57,977	₹795.35	₹100.05 Cr

1–10 of 35

1 / 4

Mr. G.V. BHASKAR RAOExecutive Director-Chairperson-MD
K V Chalapathi ReddyChief Financial Officer
Mrs. VANAJA DEVI GUNDAVARAMExecutive Director
Mr. VAMSHEEDHAR CHENNAMANENIExecutive Director
Mr. MITHUN CHAND CHENNAMANENIExecutive Director
Mr. PAWAN GUNDAVARAMExecutive Director
Mrs. MUSINIPALLY CHAYA RATANNon-Executive - Independent Director
Mr. RAYAPPA RAMAPPA HANCHINALNon-Executive - Independent Director
Mr. KRISHNA MOHAN PRASADNon-Executive - Independent Director
Mr. NARSING RAO SINGAYAPALLYNon-Executive - Independent Director
Mr. RAJESH KUMAR MITTALNon-Executive - Independent Director

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

2.45%

of the company's equity

All mutual funds

2.45%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 4 fund houses

		Shares
Focused Fund	Old Bridge Mutual Fund	11.39 L	87.15	2%	2.215%	-0
(LIVE SCHEMES)	ITI Mutual Fund	67,697	5.18	1.12%	0.132%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	51,913	3.97	0.16%	0.101%	-1,137
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	355	0.03	0.01%	0.001%	+2
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	60	0	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

84 announcementsExport CSV

29 Sept 2026, 5:55 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	48.4%	47.8%	45%	47.3%	49.5%	49.1%	47.9%
EBITDA margin %	26.2%	27.2%	28.8%	20.9%	23.5%	24.9%	24.1%	24.2%
EBIT margin %	23.3%	24.5%	26.6%	18.7%	21.6%	22.4%	20.8%	19.8%
PAT margin %	26.9%	27.9%	30%	21.9%	25.5%	26.1%	23.4%	21.2%
Working capital
Receivable days	38	—	37	42	45	36	28	29
Inventory days	343	—	486	520	464	467	613	608
Payable days	2	—	242	157	150	155	286	241
NWC days	379	—	281	405	360	347	354	396
Leverage
Current ratio	2.37	—	2.11	2.52	2.46	1.98	1.88	2.14
Debt to EBITDA	0.03	—	0	0	0	0	0	0
Debt to equity	0.01	—	0	0	0	0	0	0
Interest coverage	421.3	569	630.5	1,714.5	1,505.7	1,337.6	1,565.3	927.6
Asset turnover	0.52	—	0.53	0.52	0.52	0.56	0.45	0.51
Return ratios
Return on assets %	14%	—	15.9%	11.3%	13.3%	14.6%	10.6%	10.7%
Return on capital employed %	22.3%	—	25%	17%	20.9%	23.8%	20.9%	18.2%
Return on equity %	21.6%	—	25%	16.6%	20%	24.3%	18.8%	16.8%

Date	Category	Subject	Filing
29 Sept 2026, 5:55 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 5:50 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
18 Sept 2026, 3:19 pm	Company Update General	Intimation Of Receipt Of Notice Of Hearing From The Income Tax Appellate Tribunal, Hyderabad Benches	PDF
5 Sept 2026, 3:31 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 7:19 pm	Company Update General	Intimation Of 39Th AGM And Book Closure Notice	PDF
4 Sept 2026, 5:53 pm	Company Update General	Letter Providing A Web-Link Including The Exact Path, Where Details Of The Annual Report For The FY 2025-26, Are Available To Those Members Who Have Not Registered Their Email Addresses.	PDF
4 Sept 2026, 5:38 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
4 Sept 2026, 5:21 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	218	148	128	192	251	111	297	389	197	-6
	-150	71	82	112	-217	66	-119	38	-183	92
	3	-226	-219	-301	-29	-170	-176	-425	-18	-64
Net cash flow	11	-7	-9	3	5	7	1	3	-3	21
Free cash flow	—	—	—	—	212	64	188	290	109	-156
CFO / Operating profit %	156.4%	66.9%	60.5%	75.7%	84.3%	54.7%	117.8%	136.2%	67.8%	-1.9%

Kaveri Seed Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

21

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Kaveri Seed Company Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Dividends21

Board meetings1

Stock splits1

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

1

1