LKP Research's research report on Kaveri seeds Company
Kaveri seeds Company Ltd (KSCL) is a four decade old agri-inputs company with strong brand equity among the Indian farmers. At present it is one of India’s fastest growing seed companies with a wide portfolio, large network of distributors and dealers and a very wide customer base spanning the country. The company has a pan-India presence with a strong distribution network of ~60,000 distributors (direct & in-direct) and retailers across 29 product locations in distinct agro-climatic zones of India. KSCL has 1 million sq.ft stateof-the-art warehouse facilities at strategic locations across the country. The company has an extensive product portfolio encompassing a wide range of high-yielding seeds for field crops such as maize, cotton, rice, pearl millet, mustard, wheat, sorghum, sunflower, and various vegetable crops. With a strong local presence, the Company has also experienced remarkable growth in the international market, successfully exporting its products to countries such as Pakistan, Sri Lanka, Bangladesh and Vietnam.
Outlook
We expect KSCL to post a Revenue/EBITDA/PAT CAGR of 11%/16%/14% respectively over FY23-25E. We initiate coverage on KSCL with a BUY rating and a one-year TP of ₹806.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
