Arthneeti

Kaveri Seed Company Q2 FY27 Share Price & Earnings Call Analysis

Part of: Nifty Microcap 250 · Nifty Total Market

₹728.05+1.46% today
Market cap
₹3,755 Cr
P/E
14.66
ROE
15.05%
PEG
3.37
Price to sales
2.88
Debt to equity
0.00
52W high / low
₹1,070 / ₹659
Sales growth (5Y)
6.14%
EBITDA margin
22.96%
Net profit margin
17.60%
Promoter holding
60.50%
Sales (last year)
₹1,304 Cr

Incorporated in 1976, Kaveri Seed Company Ltd is in the business of research, production, processing and marketing of various high quality hybrid seeds[1]

Guidance scorecard · Q2 FY27 call

What Kaveri Seed Company's management guided
and where it ranks in Agricultural Food & other Products

#19of 21 in
Agricultural Food & other Products
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Cotton Segment: Growth largely driven by new hybrid portfolio; expect 85%-90% of sales from new hybrids in 3-4 years, replacing older varieties. Incremental growth projected around Rs. 250-500 crores from these new products.
  • Maize Segment: Positive growth anticipated based on good kharif season; however, intensity of competition and weather impact considered. Maize acreage expected to grow, but slight decline in H1 sales vs last year noted.
  • Exports: Expansion underway targeting multiple countries (Indonesia, Philippines, Vietnam, Bangladesh, Tanzania, African countries). Current export billing Rs. 65-70 crores, aiming to grow over next 3-4 years as brands establish and registrations complete.

2 more points from Kaveri Seed Company's call on revenue

Create a free account to keep reading this call

Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Kaveri Seed Company said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • The company is actively buying agricultural land, with over 50%-60% of it being rural land, to support future growth and expansion.
  • Capitalization of CWIP (Capital Work In Progress) is expected around Rs. 120-130 crores, linked to machinery and agricultural land investments.
  • The company is focused on scaling up exports and establishing its own brand presence in international markets, requiring investment in registration and distribution, although these are longer-term and gradual.
  • Moderate investment is indicated toward infrastructure to maintain inventory health and avoid write-offs, particularly for maize, cotton, and rice seeds.
Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Kaveri Seed Company said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • The company has seen inventory buildup close to Rs. 1,200 crores, higher than anticipated, mainly due to good yields and projected sales exceeding previous years.
  • Inventory is well-maintained with limited write-offs expected due to good storage and germination conditions.
  • There is no significant risk from excess inventory; it will be used for next year's Kharif season and Rabi season.
  • For maize, despite competition and some regional challenges, management expects good sales in the second half of the year.

2 more points from Kaveri Seed Company's call on the order book

Create a free account to keep reading this call

Full Q2 FY27 analysis
Full Agricultural Food & other Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Agricultural Food & other Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Kaveri Seed Company rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Kaveri Seed Company latest results (Sep 2026)

Revenue

₹244 Cr

+11.53% YoY

Net profit

₹-9 Cr

Operating margin

0.25%

EPS

₹-1.71

What management said on the call →

Kaveri Seed Company shareholding (Sep 2026)

Promoters

60.50%

unchanged QoQ

FIIs

17.56%

+0.02 pp QoQ

DIIs

3.48%

−0.01 pp QoQ

Public

17.69%

+0.02 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Agricultural Food & other Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,344 Cr29.8
240%+Up 0–2%₹916 Cr14.1
340%+Up 0–2%₹131 Cr6.6
440%+Flat₹25 Cr13.1
520–40%Up 2%+₹13,919 Cr33.2
620–40%Up 2%+₹227 Cr14.2

Sign up free to see every company in the sector ranking and track Kaveri Seed Company.

Pro shows every company guiding 40%+ revenue growth →Full Agricultural Food & other Products ranking

Kaveri Seed Company announcements

All announcements →

Financials of Kaveri Seed Company

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Kaveri Seed Company

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +59.90%60.50%60.50%60.50%60.50%60.50%60.50%60.50%60.50%60.50%60.50%60.50%
FIIs +17.69%17.22%18.97%19.84%19.51%20.41%20.34%20.36%19.95%18.55%17.54%17.56%
DIIs +4.58%4.83%4.98%3.77%3.55%2.91%2.87%2.87%2.78%2.87%3.49%3.48%
Public +16.36%15.87%14.97%15.31%15.86%15.59%15.70%15.68%15.41%17.30%17.67%17.69%
Others +1.46%1.58%0.59%0.58%0.58%0.58%0.58%0.58%1.35%0.77%0.77%0.77%
No. of Shareholders49,17452,44749,07456,65257,45754,56064,90558,09556,06256,78156,94860,296

Financials of Kaveri Seed Company

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +171.32142.6398.35803.23137.44174.0590.25858.53218.90210.21107.11742.50244.14
YoY Sales growth+2.54%-0.95%+33.48%+9.12%-19.78%+22.03%-8.24%+6.88%+59.27%+20.78%+18.68%-13.51%+11.53%
Expenses +160.05134.05110.22507.99139.30159.96106.78520.36225.22189.00123.34448.65243.52
Operating Profit11.278.58-11.87295.24-1.8614.09-16.53338.17-6.3221.21-16.23293.850.62
OPM %6.58%6.02%-12.07%36.76%-1.35%8.10%-18.32%39.39%-2.89%10.09%-15.15%39.58%0.25%
Other Income +13.5113.0525.009.1313.1211.3612.709.875.927.695.823.734.92
Interest0.070.100.060.040.020.040.090.110.020.070.130.100.11
Depreciation5.986.719.657.657.828.6915.6813.6114.6815.3116.4113.4613.86
Profit before tax18.7314.823.42296.683.4216.72-19.60334.32-15.1013.52-26.95284.02-8.43
Tax %25.47%25.30%111.99%1.85%126.32%11.18%16.58%2.14%7.28%6.14%3.19%1.47%4.15%
Net Profit +13.9711.07-0.40291.18-0.9114.85-22.85327.17-16.2012.68-27.81279.84-8.78
EPS in Rs2.452.11-0.0556.28-0.133.00-4.4663.39-3.002.53-5.4154.40-1.71

Financials of Kaveri Seed Company

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,1597437038188089291,0339681,0681,1461,2021,3921,304
Sales growth+15%-36%-5%+16%-1%+15%+11%-6%+10%+7%+5%+16%-3%
Expenses +8505565645975966767357658168609111,0551,005
Operating Profit310188140222212253298203252286291337299
OPM %27%25%20%27%26%27%29%21%24%25%24%24%23%
Other Income +1513-2524434646415563462922
Interest0001101000000
Depreciation15273025232622212128406059
Profit before tax31017384220231273321223286321297306262
Tax %3%3%8%4%6%5%3%4%5%7%5%3%
Net Profit +30116777211217260311213273300282296256
EPS in Rs43.6824.3111.2731.9634.4542.9451.4736.4348.5958.0854.6957.5149.81
Dividend Payout %17%10%0%9%9%7%8%11%8%9%9%9%

Financials of Kaveri Seed Company

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital14141413131212121110101010
Reserves7419131,0019999949471,2321,2691,3541,2221,4891,7462,016
Borrowings +1253762110004
Other Liabilities +4024325094495366127145966838151,150997619
Total Liabilities1,1581,3611,5281,4651,5501,5771,9601,8772,0482,0482,6492,7542,650
Fixed Assets +161202200189240250246242261297417432465
CWIP622034373818314313313490130127
Investments295506657623510384599517562476613401206
Other Assets +6416336376157639251,0851,0751,0921,1401,5291,7911,851
Total Assets1,1581,3611,5281,4651,5501,5771,9601,8772,0482,0482,6492,7542,650

Financials of Kaveri Seed Company

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +145246218148128192252110297389197-6
Cash from Investing Activity +-84-202-1507182112-21766-11938-18392
Cash from Financing Activity +-61-42-56-226-219-301-29-170-176-425-18-64
Net Cash Flow-0311-7-935713-321
Free Cash Flow632211751345914121363187289108-155
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit47%131%156%67%66%81%88%59%129%142%76%7%

Financials of Kaveri Seed Company

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days373944383846374246362829
Inventory Days411462399386483485486517464467613608
Days Payable128198270192188203242156150155286241
Cash Conversion Cycle320304174233334329281403360347354396
Working Capital Days74965675951261301751238099171
ROCE %47%21%15%21%20%24%27%16%17%22%20%16%

Guidance history

How Kaveri Seed Company's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlanned——
Q1 FY27 call →10–20%Flat———
Q4 FY26 call →10–20%Up 0–2%Planned——
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months−31.3%15%
Last 6 months−20.7%12%
Last 3 months−6.7%41%

The price is 51.7% below its all-time high of ₹1,506.3 (17 Apr 2025). Stocks more than 20% below their peak have their score halved, so 19 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kaveri Seed Company: 0.4 × 15 + 0.4 × 12 + 0.2 × 41 = 19, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Kaveri Seed Company: frequently asked questions

What is Kaveri Seed Company share price today?

Kaveri Seed Company last traded at ₹728.05, with a market capitalisation of ₹3,755 Cr and a P/E ratio of 14.7.

What were Kaveri Seed Company's latest quarterly results?

For the quarter ended Sep 2026, Kaveri Seed Company reported revenue of ₹244 Cr (+11.53% year on year) and net profit of ₹-9 Cr, with an operating margin of 0.25%.

Is Kaveri Seed Company's profit growing?

Net profit was ₹-9 Cr in Sep 2026 against ₹-16 Cr in Sep 2025.

What is Kaveri Seed Company's EPS?

Kaveri Seed Company's earnings per share for the quarter ended Sep 2026 was ₹-1.71.

What is the promoter holding in Kaveri Seed Company?

Promoters held 60.50% of Kaveri Seed Company in Sep 2026 (unchanged versus Jun 2026).

How much do FIIs and DIIs hold in Kaveri Seed Company?

In Sep 2026, foreign institutional investors held 17.56% and domestic institutions (including mutual funds) held 3.48% of Kaveri Seed Company.

What is Kaveri Seed Company's ROE and ROCE?

Kaveri Seed Company's return on equity is 15% and its return on capital employed is 15.8%.

Does Kaveri Seed Company pay a dividend?

Yes. Kaveri Seed Company's dividend yield is 0.73% at the current price. The full payout history is on the Kaveri Seed Company dividends page.

Which sector does Kaveri Seed Company belong to?

Kaveri Seed Company is in the Agricultural Food & other Products sector. Its peer comparison and sector ranking are on this page.

What did Kaveri Seed Company's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Kaveri Seed Company's management.

How does Arthneeti AI analyse Kaveri Seed Company?

Arthneeti reads Kaveri Seed Company's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What Kaveri Seed Company's management said in earlier quarters

Earlier calls (8)

Others in Agricultural Food & other Products this season

  • Rana Sugars (Q2 FY27)

    . Key results statement takeaways from Rana Sugars Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

  • Kohinoor Foods (Q2 FY27)

    EBITDA for the quarter ended September 30, 2026, is reported as ₹44 crore, a 13% year-on-year increase from ₹39 crore. Key results statement takeaways from Kohi

  • NFP Sampoorna (Q2 FY27)

    Revenue from Operations for the half-year ended September 30, 2026: ₹253,834.309 thousand (Standalone), ₹253,834.309 thousand (Consolidated). Key results statem

  • M K Proteins (Q2 FY27)

    Revenue from operations for the quarter ended 30th September 2026: ₹4446.28 Lakhs . Key results statement takeaways from M K Proteins Ltd's Q2 FY27 results stat