KSCL - Kaveri Seed Company Ltd Share Price

Agricultural Food & otherProducts

₹1430.80-16.10(-1.11%)

Market Closed as of Apr 29, 2025, 15:30 IST

What does Kaveri Seed Company Ltd do?

Other Agricultural Products•Fast Moving Consumer Goods•Small Cap

Kaveri Seed Company Limited researches, develops, produces, processes, and markets hybrid seeds and vegetable crop seeds in India. Its product portfolio consists of seeds for various field crops, such as maize, cotton, sunflower, mustard, sorghum, paddy, pulses, bajra, and wheat; and vegetables comprising tomatoes, okra, chilies, watermelon, gourds, and brinjal. The company also develops micronutrients. It sells its products through distributors and retailers network. It also exports its products to Pakistan, Sri Lanka, Bangladesh, Vietnam, and internationally. The company was founded in 1976 and is based in Secunderabad, India.

Industry Group:Agricultural Food & otherProducts

Employees:1,342

Website:www.kaveriseeds.in

Summary of Latest Earnings Report from Kaveri Seed Co.

Summary of Kaveri Seed Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook: Kaveri Seed Company anticipates 10-12% top-line and 15-20% bottom-line growth over the next two years, driven by volume expansion, cost optimization, and new product launches. Cotton segment is expected to recover as newer hybrids (contributing 30-40% of volumes in non-cotton crops) gain traction, with a focus on regaining market share. Exports, currently impacted by political instability in Bangladesh, are projected to reach Rs.150"“200 crore in 3"“5 years through diversification into new markets.

Major Points:

Product Mix & Margins: Non-cotton segments (rice, maize, Bajra) achieved double-digit volume and revenue growth. New products now constitute 60"“70% of Bajra volumes. Margins will improve as production costs (up 5"“10% YoY) are passed to farmers.
Cotton Recovery: New hybrids in cotton aim to reverse FY25's 35% volume decline. Regulatory approvals for GM crops (e.g., BG3 cotton) remain a key catalyst, pending government decisions.
Exports: Targeting recovery post-Bangladesh disruptions, with trials in Africa and other regions showing promise.
Capex & Capacity: Annual capex of Rs.30"“40 crore for processing lines/warehouses to support growth.
R&D & Climate Resilience: Focus on hybrids resistant to pests/diseases amid erratic monsoons. Rice hybridization to accelerate with pipeline products in high-demand segments.
Regulatory: Expect gradual MSP hikes in cotton, though pricing remains a challenge.
Inventory & Production: Inventory up 15"“20% YoY, ensuring supply for growth. Employee costs rose due to expansion-linked hiring.

Challenges include volatile input costs and weather, but management remains confident in sustained growth through product innovation and market expansion.

Q&A Session

Last updated: Feb 25

Question 1:
For the 9 months, I've noticed that our product mix has shifted largely towards non-cotton with 26% growth there and a degrowth of 27% in cotton. So why has there not been a gross and an EBITDA level margin improvement considering non-cotton products are higher margin in general?

Answer Summary:
Higher production costs, employee expenses, and other operational costs offset revenue growth despite the shift to non-cotton products. Cotton-specific challenges, such as government-regulated pricing, further pressured margins. Improved revenue realization in subsequent periods may stabilize margins.

Question 2:
Do you expect higher cost of goods sold to continue going forward?

Answer Summary:
No. The company aims to pass increased production costs to farmers through price adjustments, as seen in Rabi season, and expects stabilization in margins as revenue scales.

Question 3:
What is the status of newer cotton products, and will commercialization next year signal a bottoming out of cotton performance?

Answer Summary:
Newly launched cotton hybrids show promising results, and FY25 is likely the bottom for cotton. Future growth is anticipated with improved product adoption.

Question 4:
What is the outlook for dividends or buybacks under the new tax regime?

Answer Summary:
A decision on dividends or buybacks will be evaluated by the Board, considering tax implications. No timeline was provided.

Question 5:
How is inventory shaping up for growth, and what are the cost trends?

Answer Summary:
Production volumes are 15"“20% higher YoY, with sufficient buffer stock. Costs rose 5"“10% across crops, but price hikes to farmers are expected to mitigate this.

Question 6:
How do new products compare competitively in rice, maize, and Bajra?

Answer Summary:
New products outperform older hybrids, driving volume growth. Performance, availability, and farmer preference for higher-yielding hybrids contribute to market share gains.

Question 7:
What is the export outlook amid Bangladesh's political unrest?

Answer Summary:
Exports declined due to Bangladesh's instability but remain a focus. Expansion into Africa and new markets is underway, with long-term targets of Rs.150"“200 crore in 3"“5 years.

Question 8:
What is the growth outlook for maize and hybrid rice adoption?

Answer Summary:
Maize volumes are expected to grow 10"“12% annually. Hybrid rice adoption is slow but rising due to improved seed replacement ratios, with future growth tied to superior hybrids.

Question 9:
What are HTBT cotton's regulatory prospects?

Answer Summary:
HTBT cotton trials are progressing, with positive government engagement. Approval timing remains uncertain but likely in the near term.

Question 10:
What are the growth and margin expectations for FY26?

Answer Summary:
Revenue growth of 10"“12% and PAT growth of 15"“20% are projected. Margin improvement will stem from scale, cost optimization, and price hikes.

Question 11:
How will new cotton hybrids impact market share recovery?

Answer Summary:
New hybrids aim to regain lost cotton market share (down to 8"“10% from 15%), targeting a return to peak sales of 8 million packets in 5"“7 years.

Question 12:
How are erratic monsoons affecting business strategy?

Answer Summary:
Climate volatility drives demand for resilient hybrids. Kaveri focuses on developing pest/disease-resistant varieties to address shifting farmer needs.

Question 13:
Why did employee costs rise sharply?

Answer Summary:
Higher headcount (production, sales) and annual increments led to a 16"“17% rise in employee costs, aligned with operational expansion.

The Good, Bad and Ugly

Growth

Profitability

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Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: KSCL vs Agricultural Food & otherProducts

Comprehensive comparison against sector averages

Comparative Metrics

KSCL metrics compared to Agricultural

Category	KSCL	Agricultural
PE	24.42	21.49
PS	5.85	1.31
Growth	8.7 %	6 %

Performance Comparison

KSCL vs Agricultural (2021 - 2025)

Key Insights

1. KSCL is among the Top 3 Other Agricultural Products companies by market cap.
2. The company holds a market share of 0% in Other Agricultural Products.
3. In last one year, the company has had an above average growth that other Other Agricultural Products companies.

Share Holdings

Understand Kaveri Seed Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
G.V. Bhaskar Rao, Trustee of Pawan Private Trust	19.61%
G.V. Bhaskar Rao, Trustee of Madhushree Private Trust	19.61%
Gundavaram Venkata Bhaskar Rao	9.68%
MASSACHUSETTS INSTITUTE OF TECHNOLOGY	5.34%
Vanaja Devi Gundavaram	4.26%
Pawan Gundavaram	4.03%
Vamsheedhar Chennamaneni	1.76%
Mithun Chand Chennamaneni	1.55%
238 PLAN ASSOCIATES LLC	1.45%
LONG TERM EQUITY FUND	1.21%
OLD BRIDGE FOCUSED EQUITY FUND	1.17%
BOWHEAD INDIA FUND	1.03%
Foreign Portfolio Investor (Category - III)	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Investor Care
Dividend Yield	0.35%
Dividend/Share (TTM)	5
Shares Dilution (1Y)	8.02%
Diluted EPS (TTM)	59.94

Financial Health
Current Ratio	2.19
Debt/Equity	0.00

Valuation
Market Cap	7.36 kCr
Price/Earnings (Trailing)	24.15
Price/Sales (Trailing)	5.79
EV/EBITDA	20.78
Price/Free Cashflow	14.72
MarketCap/EBT	22.98

Fundamentals
Revenue (TTM)	1.27 kCr
Rev. Growth (Yr)	19.1%
Rev. Growth (Qtr)	23.15%
Earnings (TTM)	304.73 Cr
Earnings Growth (Yr)	34.22%
Earnings Growth (Qtr)	1.75%

Profitability
Operating Margin	25.18%
EBT Margin	25.18%
Return on Equity	19.63%
Return on Assets	12.44%
Free Cashflow Yield	6.8%

Balance Sheet for Kaveri Seed Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-80.6%	4.29	18	5.96	13	23	14
Current investments	27.8%	599	469	780	553	496	464
Total current financial assets	45.4%	795	547	992	646	808	550
Inventories	-35.3%	473	730	449	705	556	750
Total current assets	22.1%	1,750	1,434	1,688	1,489	1,500	1,436
Property, plant and equipment	-4.2%	277	289	252	255	232	237
Capital work-in-progress	15.7%	148	128	150	128	63	43
Non-current investments	0%	34	34	35	35	79	76
Loans, non-current	-76.7%	8.45	33	31	33	32	30
Total non-current financial assets	-36.9%	42	66	66	67	152	106
Total non-current assets	3.3%	595	576	554	516	456	427
Total assets	16.6%	2,345	2,011	2,242	2,005	1,982	1,863
Borrowings, non-current	-	0	0	0	0.13	0.37	0.61
Total non-current financial liabilities	20.5%	4.18	3.64	2.8	2.55	2.03	1.99
Provisions, non-current	-33.3%	13	19	16	15	13	14
Total non-current liabilities	-14%	38	44	43	36	44	42
Borrowings, current	-14.9%	0	0.13	0.37	0.48	0.48	0.48
Total current financial liabilities	83.3%	452	247	274	227	181	230
Provisions, current	35.6%	1.61	1.45	1.33	1.16	1.02	0.9
Current tax liabilities	-	-	1.06	0	0.74	-	-
Total current liabilities	7.8%	792	735	546	596	420	527
Total liabilities	6.7%	830	778	588	632	464	569
Equity share capital	0%	10	10	11	11	12	12
Total equity	23%	1,515	1,232	1,653	1,373	1,518	1,294
Total equity and liabilities	16.6%	2,345	2,011	2,242	2,005	1,982	1,863

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-73.5%	7.1	24	8.25	21	25	20
Current investments	28.9%	608	472	786	557	507	471
Total current financial assets	46.5%	890	608	1,089	712	898	601
Inventories	-34.5%	487	743	471	718	574	761
Total current assets	23.3%	1,862	1,510	1,808	1,578	1,609	1,504
Property, plant and equipment	-4.1%	284	296	256	259	237	242
Capital work-in-progress	15%	154	134	155	133	63	43
Goodwill	0%	0.27	0.27	0.27	0.27	0.27	0.27
Non-current investments	-10.7%	3.93	4.28	5.13	5.22	50	46
Total non-current financial assets	-10.7%	3.93	4.28	5.13	5.22	50	46
Total non-current assets	8.5%	588	542	519	473	404	376
Total assets	19.4%	2,450	2,052	2,328	2,051	2,044	1,880
Borrowings, non-current	-	0	0	0	0.13	0.37	0.61
Total non-current financial liabilities	35.6%	5.88	4.6	2.8	2.55	2.03	1.99
Provisions, non-current	-31.6%	14	20	17	16	13	15
Total non-current liabilities	-12%	45	51	50	43	50	48
Borrowings, current	-14.9%	0	0.13	0.37	0.48	0.48	0.48
Total current financial liabilities	83.5%	458	250	281	238	186	232
Provisions, current	29.6%	1.7	1.54	1.4	1.21	1.06	0.94
Current tax liabilities	103.3%	2.83	1.9	2.88	1.22	2.07	0.28
Total current liabilities	11.5%	852	764	617	641	481	550
Total liabilities	10.1%	897	815	667	684	531	598
Equity share capital	0%	10	10	11	11	12	12
Non controlling interest	61.7%	4.8	3.35	4.21	2.22	2.57	1.3
Total equity	25.7%	1,553	1,236	1,660	1,367	1,513	1,282
Total equity and liabilities	19.4%	2,450	2,052	2,328	2,051	2,044	1,880

Income Statement for Kaveri Seed Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	90.1%	155	82	808	81	118	96
Other Income	-8.3%	12	13	9.82	26	13	14
Total Income	76.6%	167	95	818	107	132	110
Cost of Materials	-15.8%	236	280	203	105	165	157
Employee Expense	22.2%	34	28	25	24	29	23
Finance costs	2%	0.04	0.02	0.04	0.05	0.1	0.07
Depreciation and Amortization	11.5%	8.07	7.34	7.2	8.47	6.52	5.76
Other expenses	23.1%	33	27	46	29	28	28
Total Expenses	56.8%	150	96	532	100	116	96
Profit Before exceptional items and Tax	1195.9%	17	-0.46	286	6.98	16	14
Total profit before tax	1195.9%	17	-0.46	286	6.98	16	14
Current tax	9.8%	0.26	0.18	4.94	6.18	2.61	0.33
Deferred tax	-63.8%	1.67	2.85	-2.29	-1.98	1.37	2.91
Total tax	-54.2%	1.93	3.03	2.65	4.19	3.98	3.23
Total profit (loss) for period	411.8%	15	-3.49	283	2.79	12	11
Other comp. income net of taxes	-1%	-0.03	-0.02	-0.01	-8.78	0.34	0.64
Total Comprehensive Income	410.4%	15	-3.51	283	-5.99	12	11
Earnings Per Share, Basic	214.3%	2.92	-0.68	55	0.64	2.08	1.91
Earnings Per Share, Diluted	214.3%	2.92	-0.68	55	0.64	2.08	1.91

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	6.1%	1,062	1,001	915	987	883	769
Other Income	16.1%	66	57	44	48	47	43
Total Income	6.7%	1,129	1,058	959	1,035	930	812
Cost of Materials	8.1%	574	531	458	678	568	532
Employee Expense	24.1%	99	80	76	71	57	45
Finance costs	7.3%	0.24	0.18	0.12	0.39	0.22	0.13
Depreciation and Amortization	31.6%	26	20	20	21	24	21
Other expenses	1.5%	133	131	124	102	119	106
Total Expenses	4.7%	818	781	741	722	668	585
Profit Before exceptional items and Tax	12%	310	277	218	313	262	227
Total profit before tax	12%	310	277	218	313	262	227
Current tax	0%	12	12	5.56	4.57	9.08	10
Deferred tax	224.6%	4.9	-2.13	3.72	3.3	1.21	2.37
Total tax	77.8%	17	10	9.28	7.87	10	12
Total profit (loss) for period	9.8%	293	267	209	305	251	215
Other comp. income net of taxes	34.6%	-7.43	-11.89	-7.11	-1.65	-6.95	-0.17
Total Comprehensive Income	12.2%	286	255	202	304	244	215
Earnings Per Share, Basic	13.6%	52.54	46.35	35.23	50.61	40.14	33.3
Earnings Per Share, Diluted	13.6%	52.54	46.35	35.23	50.61	40.14	33.3

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	27.2%	174	137	803	98	143	171
Other Income	-16.7%	11	13	9.13	25	13	14
Total Income	22.7%	185	151	812	123	156	185
Cost of Materials	-15.4%	242	286	207	109	170	163
Employee Expense	29%	41	32	30	29	35	28
Finance costs	2%	0.04	0.02	0.04	0.06	0.1	0.07
Depreciation and Amortization	12.8%	8.69	7.82	7.65	9.65	6.71	5.98
Other expenses	12.1%	38	34	55	35	36	34
Total Expenses	15.1%	169	147	516	120	141	166
Profit Before exceptional items and Tax	561.2%	17	3.42	297	3.42	15	19
Total profit before tax	561.2%	17	3.42	297	3.42	15	19
Current tax	-236%	-0.02	1.75	8.37	6.17	2.9	1.73
Deferred tax	-43.3%	1.89	2.57	-2.88	-2.34	0.85	3.04
Total tax	-73.8%	1.87	4.32	5.5	3.82	3.75	4.77
Total profit (loss) for period	836.8%	15	-0.9	291	-0.4	11	14
Other comp. income net of taxes	1.9%	-0.03	-0.05	-0.01	-8.89	0.34	0.66
Total Comprehensive Income	817.9%	15	-0.95	291	-9.29	11	15
Earnings Per Share, Basic	248.1%	2.97	-0.33	56.99	0.31	2.52	2.65
Earnings Per Share, Diluted	248.1%	2.97	-0.33	56.99	0.31	2.52	2.65

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	7.3%	1,148	1,070	970	1,036	930	809
Other Income	14.8%	63	55	41	46	46	43
Total Income	7.7%	1,212	1,125	1,011	1,082	976	852
Cost of Materials	8.2%	593	548	476	690	580	545
Employee Expense	21.6%	119	98	91	85	68	55
Finance costs	6.2%	0.24	0.19	0.13	0.5	0.48	0.55
Depreciation and Amortization	35%	28	21	21	22	26	23
Other expenses	4.5%	163	156	142	113	129	119
Total Expenses	6.2%	891	839	789	761	703	621
Profit Before exceptional items and Tax	12.3%	321	286	223	321	273	231
Total profit before tax	12.3%	321	286	223	321	273	231
Current tax	6.7%	17	16	7.49	6.73	12	12
Deferred tax	182.2%	3.72	-2.31	2.46	3.08	0.95	2.01
Total tax	66.7%	21	13	9.96	9.81	13	14
Total profit (loss) for period	9.9%	300	273	213	311	260	217
Other comp. income net of taxes	33.9%	-7.51	-11.87	-7.04	-1.66	-7.05	-0.15
Total Comprehensive Income	11.9%	292	261	206	310	253	217
Earnings Per Share, Basic	14.3%	54.58	47.89	36.37	52.23	41.82	33.72
Earnings Per Share, Diluted	14.3%	54.58	47.89	36.37	52.23	41.82	33.72

Cash Flow for Kaveri Seed Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	7.3%	0.24	0.18	0.12
Change in inventories	-459.6%	-28.45	9.19	47
Depreciation	31.6%	26	20	20
Net Cashflows from Operations	26.4%	403	319	114
Dividends received	1%	-0.02	-0.03	-0.01
Interest received	-40.3%	-4.57	-2.97	-2.28
Income taxes paid (refund)	-58.3%	11	25	6.59
Net Cashflows From Operating Activities	33.1%	387	291	105
Proceeds from sales of PPE	-52.4%	0.04	0.37	0.18
Purchase of property, plant and equipment	-10.9%	91	102	45
Proceeds from sales of investment property	42%	660	465	467
Purchase of investment property	10.3%	526	477	351
Purchase of intangible assets	-351.4%	0.12	1.35	0.01
Cash receipts from repayment of advances and loans made to other parties	-	0	0	0.79
Dividends received	-1%	0.02	0.03	0.01
Interest received	741.2%	2.09	0.83	0.37
Net Cashflows From Investing Activities	137.9%	45	-115.1	72
Payments to acquire or redeem entity's shares	161.8%	399	153	146
Repayments of borrowings	0%	0.48	0.48	0.48
Dividends paid	22.7%	28	23	23
Other inflows (outflows) of cash	-5.1%	-0.24	-0.18	-0.18
Net Cashflows from Financing Activities	-141.2%	-427.55	-176.66	-170.28
Net change in cash and cash eq.	275.3%	4.4	-0.94	7.43

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	6.2%	0.24	0.19	0.13
Change in inventories	-579.3%	-28.67	7.19	41
Depreciation	35%	28	21	21
Net Cashflows from Operations	25.3%	407	325	120
Dividends received	4.7%	-0.02	-0.07	-0.06
Interest received	-59.3%	-2.01	-0.89	-0.3
Income taxes paid (refund)	-46.2%	15	27	8.71
Net Cashflows From Operating Activities	31.1%	389	297	111
Proceeds from sales of PPE	-41.3%	0.11	0.37	0.22
Purchase of property, plant and equipment	-8.3%	100	109	47
Proceeds from sales of investment property	41.4%	670	474	471
Purchase of investment property	10.6%	535	484	360
Purchase of intangible assets	-271.4%	0.4	1.35	0.01
Dividends received	-5.4%	0.02	0.07	0.06
Interest received	1100%	2.1	0.89	0.42
Net Cashflows From Investing Activities	130.9%	38	-118.85	66
Payments to acquire or redeem entity's shares	161.8%	399	153	146
Proceeds from exercise of stock options	266.3%	2.53	0.08	0.17
Repayments of borrowings	0%	0.48	0.48	0.48
Dividends paid	22.7%	28	23	23
Other inflows (outflows) of cash	-5%	-0.25	-0.19	-0.18
Net Cashflows from Financing Activities	-140.2%	-424.62	-176.23	-169.77
Net change in cash and cash eq.	240.4%	2.6	1.47	6.57

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BAYERCROP	Bayer CropSciencePesticides & Agrochemicals	23.1 kCr	5.08 kCr	-2.36%	-13.24%	34.67	4.54	-3.78%	-15.04%
RALLIS	Rallis IndiaPesticides & Agrochemicals	4.63 kCr	2.7 kCr	+9.76%	-13.33%	34.01	1.72	-1.93%	+36.18%

KSCL - Kaveri Seed Company Ltd Share Price

What does Kaveri Seed Company Ltd do?

Summary of Latest Earnings Report from Kaveri Seed Co.

Sector Comparison: KSCL vs Agricultural Food & otherProducts

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Investor Care

Financial Health

Valuation

Fundamentals

Profitability

Balance Sheet for Kaveri Seed Co.

Income Statement for Kaveri Seed Co.

Cash Flow for Kaveri Seed Co.

Is Kaveri Seed Co. Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)