NSE: KSCL | BSE: 532899 | INDUSTRY : OTHER AGRICULTURAL PRODUCTS | SECTOR : FOOD, BEVERAGES & TOBACCO

Kaveri Seed Company Ltd.

Mid-range Performer

543.60 18.30 (3.48%)

98.58% Gain from 52W Low

Volume: 630.0K High volume today

NSEOct 26, 2020 03:31 PM

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Durability score
85/100
High Financial Strength
Valuation score
35.3/100
Mid Valuation
Momentum score
56.0/100
Technically Neutral
17S
0W
15O
1T


Kaveri Seed Company Ltd.    
20 Aug 2020
543.60
3.48%
buy
by Chola Wealth Direct
Chola Wealth Direct
Background: Kaveri Seed Company is the largest producer of hybrid cotton seeds in India with a market share of ~15%. Kaveri Seeds has access to 60,000 acres under seed production, with farms in Karnataka, Andhra Pradesh and across the country. The company has a pan-India presence with a strong distribution network of ~15,000 distributors (direct & in-direct) and retailers across 15 key states in India (up from 11,000 - 4 years ago). Kaveri has 26 warehouses at strategic...
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Kaveri Seed Company Ltd. is trading above it's 200 day SMA of 493.9
Kaveri Seed Company Ltd.    
17 Aug 2020
543.60
3.48%
buy
by East India Securities Ltd
Target: 989 | Upside : 81.9%
East India Securities Ltd
Kaveri Seed Company Ltd. has gained 44.29% in the last 6 Months
Kaveri Seed Company Ltd.    
15 Aug 2020
543.60
3.48%
buy
by Motilal Oswal
Target: 706 | Upside : 29.9%
Motilal Oswal
15 August 2020 Kaveri Seeds (KSCL) 1QFY21 revenue increased on account of growth in hybrid rice, selection rice and vegetable seed segments. Cotton seed volumes grew 5% despite challenges faced by the industry as illegal cotton seeds were sold in the market. EBITDA growth was higher than revenue growth due to (a) non-payment of royalty fees (of INR140m), and (b) savings on travel costs. This was partially offset by contraction in gross margin. Revenue and EBITDA were in line. Factoring in the same, we have increased our PAT estimates by 15% for FY21 and maintained FY22E estimates. Maintain KSCLs 1QFY21 revenue (standalone) was up 14% YoY to INR7,485m (v/s est. EBITDA was up 20% YoY to INR2,793m (v/s est. EBITDA margin expanded 170bp YoY to 37.3%, mainly due to savings on royalty payment. However, it was partially offset by lower gross margin, which contracted 220bp YoY to 44.
Kaveri Seed Company Ltd. is trading at high day volume of 630.0K.
Kaveri Seed Company Ltd.    
13 Jul 2020
543.60
3.48%
buy
by Rudra Shares and Stock Brokers Ltd
Target: 640 | Target met
Rudra Shares and Stock Brokers Ltd
KSCL's business has minimally been impacted by pandemic since the company is in agri sector and is considered as essential services. Also, its robust infrastructure facilitated continued production. Besides, there were some minor challenge in supply chain which was ironed out by Government's support to ensure uninterrupted supply of essential commodities. Better quality product is the only way to earn farmer's...
Kaveri Seed Company Ltd. has gained 44.29% in the last 6 Months
Kaveri Seed Company Ltd.    
05 Jun 2020
543.60
3.48%
buy
by Keynotes Financial Opiniery
Target: 550 | Target met
Keynotes Financial Opiniery
Kaveri Seed Company limited is a leading producer of quality crop seeds in India. Kaveri seed was incorporated in 1986 recognizing the need to accelerate crop productivity to ensure food security and farmer prosperity. We are today among the fastest and leading seed producing companies in India offering a broad...
Kaveri Seed Company Ltd. is trading below it's 50 day SMA of 560.4
Kaveri Seed Company Ltd.    
01 Jun 2020
543.60
3.48%
buy
by Motilal Oswal
Target: 561 | Target met
Motilal Oswal
EBITDA loss stood at INR118m in 4QFY20 v/s loss of INR59m in Kaveri Seeds (KSCL) closed FY20 on a strong note, with 15%/20%/20% revenue/EBITDA/PAT growth. We have increased our earnings estimates by 25%/31% in FY21/FY22 on the 1015% volume growth guidance in the Cotton Seed segment and 2025% growth in the Non-Cotton segment. However, we have assumed 7m packet (in FY21) sales of cotton seeds (lower by 3% YoY) on lower cotton price due to subdued domestic as well as export demand. 12% revenue growth in FY20 in cotton seeds was driven by 17% volume growth (to 7.23m packets). Additionally, the contribution of new products rose from 15% to 23% of the total volume. Hybrid paddy reported 66% revenue growth in FY20 on 60% volume growth; growth was driven by the launch of the new Hybrid Paddy KPH 468. The contribution of new products rose from 26% to 51% of volumes.
Kaveri Seed Company Ltd. has gained 44.29% in the last 6 Months
Kaveri Seed Company Ltd.    
07 Feb 2020
543.60
3.48%
buy
by Chola Wealth Direct
Chola Wealth Direct
Background: Kaveri Seed Company is the largest producer of hybrid cotton seeds in India with a market share of ~15%. The company has access to 60,000 acres under seed production, with farms in Karnataka, Andhra Pradesh and across the country. The company has a pan-India presence with a strong distribution network of ~15,000 distributors (direct & in-direct) and retailers across 15 key states in India (up from 11,000 - 4 years ago). Kaveri has 26 warehouses at...
Kaveri Seed Company Ltd. is trading above it's 200 day SMA of 493.9
Kaveri Seed Company Ltd.    
25 Nov 2019, 12:00AM
543.60
3.48%
buy
by Chola Wealth Direct
Target: 628 | Target met
Chola Wealth Direct
Sector: Agri-Input /Small-Cap | Earnings Update 2QFY20 Background: Kaveri Seed Company is the largest producer of hybrid cotton seeds in India with a market share of ~15%. Kaveri Seeds has access to 60,000 acres under seed production, with farms in Karnataka, Andhra Pradesh and across the country. The company has a pan-India presence with a strong distribution network of ~15,000 distributors (direct & in-direct) and retailers across 15 key states in India (up from 11,000 - 4 years ago). Kaveri has 26 warehouses at strategic location with a combined...
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Number of FIIs/FPIs holding stock rose by 12 to 150 in Sep 2020 qtr.
Kaveri Seed Company Ltd.    
14 Nov 2019
543.60
3.48%
buy
by Motilal Oswal
Target: 607 | Target met
Motilal Oswal
12%), led by gross margin expansion of 370bp YoY. For 1HFY20, revenue/EBITDA/PAT increased 12%/16%/6% YoY. 87% YoY to INR356m, primarily driven by spillover of sales volume from the prior quarter to 2QFY20 (as the late onset of monsoon delayed the timing of sowing). Volumes thus increased 73% YoY to 0.52m packets and realization improved 8% YoY to INR684/packet in 2QFY20. Non-cotton revenue declined 26% YoY to INR418m due to lower maize volumes (-33% YoY to INR1.2m packets) on account of reduced government orders. (i) KSCL maintained its revenue growth guidance of 15-20% for FY20. (ii) Cotton volume growth guided at 10-15% for FY21. (ii) Capex of INR300-400m planned for FY20. Despite the miss in 2QFY20, we largely maintain our earnings estimates for FY20/21, given that ~75% of revenues are derived in the first quarter of a financial year. We value the company at 16x FY21E EPS and arrive at a target price of INR607.
Kaveri Seed Company .. has an average target of 721.25 from 5 brokers.
Kaveri Seed Company Ltd.    
15 Aug 2019
543.60
3.48%
buy
by Motilal Oswal
Target: 575
Motilal Oswal
Largely in-line performance: Revenue grew 13% YoY to INR6,555m (our estimate: INR6,588m). EBITDA increased 15% YoY to INR2,333m (our estimate: INR2,306m), with the margin expanding 60bp YoY to 35.6% (our estimate: 35%) led by operating leverage. Adj. PAT was up 9% YoY to INR2,289m (our estimate: INR2,367m). Non-cotton business drives revenues: Cotton revenue grew only 7% YoY to INR4,051m, despite volume growth of 13% YoY to 6.6m packets, due to lower realizations (-5% YoY to INR609/packet). Management expects volume...
Kaveri Seed Company Ltd. is trading above it's 200 day SMA of 493.9