Orkla India Ltd.
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ABOUT
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 21.0% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.24x)
- Institutional investors have been accumulating - FII+DII up 11.0pp
- Company generates healthy free cash flow
CONS
- Promoter holding has decreased over last 2 years: -25.0pp
- Company has a low return on equity of 9.9% over last 3 years
- Working capital days have increased from 63 to 100 days
- Recurring exceptional / one-off items are inflating headline profit
- Equity base is being diluted - shares outstanding up 11.1%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEIND | 1396.00 | 70.63 | 269192.68 | 0.86 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| VBL | 411.30 | 41.09 | 139120.78 | 0.36 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| BRITANNIA | 5011.00 | 46.35 | 120699.10 | 1.81 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| JUBLFOOD | 472.95 | 71.91 | 31207.38 | 0.25 | 1000.28 | 960.33 | 25696.54 | 1040.96 | 25.56 | 19.77 |
| HATSUN | 1192.20 | 76.24 | 26556.05 | 0.50 | 60.58 | — | 2363.72 | 17.61 | 17.40 | 10.81 |
| MILKYMIST | 279.35 | 169.32 | 21505.58 | 0.00 | 646.79 | — | 9734.46 | — | 13.79 | 14.77 |
| ZYDUSWELL | 565.60 | 95.62 | 17995.17 | 0.21 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| DEVYANI | 135.85 | 0.00 | 16749.49 | 0.00 | 171.04 | 7576.84 | 15805.16 | 1064.74 | 8.98 | 16.09 |
| LTFOODS | 442.00 | 23.97 | 15348.58 | 0.68 | 183.45 | 8.87 | 3151.83 | 27.92 | 19.77 | 11.26 |
| BIKAJI | 567.20 | 55.01 | 14221.77 | 0.22 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| MANORAMA | 2082.90 | 53.30 | 13147.76 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 35.00 | 26.29 |
| ORKLAINDIA | 578.10 | 26.90 | 7919.35 | 0.00 | 877.00 | 1011.25 | 6591.00 | 1004.02 | 14.94 | 17.09 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| 620 | 615 | 596 | 597 | 650 | 636 | 626 | 659 | |
| 506 | 529 | 501 | 499 | 544 | 533 | 529 | 561 | |
| Operating Profit | 114 | 86 | 95 | 98 | 106 | 103 | 97 | 98 |
| OPM % | 18.32% | 14.03% | 15.97% | 16.37% | 16.38% | 16.25% | 15.54% | 14.94% |
| 15 | 20 | -20 | 8 | 10 | -8 | 14 | 16 | |
| Interest | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 15 | 17 | 15 | 12 | 13 | 17 | 12 | 12 |
| Profit before Tax | 111 | 88 | 59 | 106 | 102 | 76 | 98 | 117 |
| Tax % | 25.63% | 24.57% | 40.27% | 25.59% | 24.94% | 25.87% | 24.80% | 25.32% |
| Net Profit | 0 | 0 | 0 | 79 | 77 | 57 | 73 | 88 |
| 6.00 | 4.80 | 2.60 | 5.80 | 5.60 | 4.10 | 5.40 | 6.40 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 705 | 716 | 784 | 820 | 967 | 1,838 | 2,172 | 2,356 | 2,395 | 2,509 | 2,571 | |
| 615 | 619 | 675 | 682 | 776 | 1,601 | 1,861 | 2,015 | 2,003 | 2,090 | 2,166 | |
| Operating Profit | 90 | 98 | 109 | 138 | 191 | 237 | 311 | 341 | 392 | 419 | 406 |
| OPM % | 12.74% | 13.63% | 13.86% | 16.79% | 19.79% | 12.88% | 14.33% | 14.49% | 16.36% | 16.70% | 15.78% |
| 5 | 0 | 7 | -3 | 11 | 17 | 27 | 32 | 32 | 25 | 32 | |
| Interest | 2 | 2 | 1 | 7 | 5 | 29 | 27 | 7 | 7 | 7 | 7 |
| Depreciation | 17 | 20 | 23 | 32 | 31 | 56 | 55 | 62 | 62 | 54 | 54 |
| Profit before Tax | 76 | 76 | 90 | 94 | 165 | 167 | 257 | 307 | 355 | 382 | 394 |
| Tax % | 31.76% | 36.03% | 32.54% | 26.52% | 25.07% | 29.78% | -32.00% | 26.24% | 27.98% | 25.30% | 25.20% |
| Net Profit | 52 | 48 | 61 | 69 | 123 | 117 | 339 | 226 | 256 | 286 | 295 |
| EPS | 39.41 | 43.26 | 54.50 | 71.00 | 125.00 | 91.00 | 26.20 | 168.90 | 176.87 | 20.85 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 247.64% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 21%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 24%
- 5 Years:
- 18%
- 3 Years:
- -6%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 10%
- 3 Years:
- 10%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 10 | 10 | 12 | 12 | 12 | 13 | 14 | 14 |
| 174 | 223 | 203 | 268 | 1,771 | 1,888 | 2,227 | 2,793 | 2,446 | 2,732 | |
| 35 | 17 | 27 | 45 | 397 | 87 | 95 | 66 | 59 | 64 | |
| Trade Payables | 55 | 71 | 78 | 74 | 214 | 213 | 182 | 232 | 270 | 254 |
| 52 | 44 | 59 | 61 | 294 | 593 | 585 | 271 | 383 | 338 | |
| Total Liabilities | 327 | 366 | 378 | 456 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 |
| 199 | 239 | 247 | 248 | 2,036 | 2,045 | 2,013 | 2,055 | 1,981 | 1,968 | |
| Capital Work in Progress | 23 | 13 | 2 | 4 | 4 | 3 | 74 | 4 | 8 | 4 |
| 0 | 9 | 24 | 80 | 52 | 201 | 255 | 325 | 175 | 573 | |
| 58 | 64 | 56 | 74 | 308 | 310 | 350 | 297 | 309 | 295 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169 | 163 | 183 | |
| Cash & Bank | 11 | 2 | 1 | 6 | 69 | 14 | 75 | 115 | 191 | 23 |
| 36 | 40 | 47 | 44 | 219 | 220 | 335 | 411 | 346 | 357 | |
| Total Assets | 327 | 366 | 378 | 456 | 2,688 | 2,793 | 3,102 | 3,375 | 3,171 | 3,402 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 98 | 117 | 127 | 190 | 239 | 266 | 296 | 392 | 261 | |
| Cash from Investing | -44 | -53 | -33 | -68 | -1,203 | -168 | -165 | -237 | 263 | -308 |
| Cash from Financing | -34 | -19 | -54 | -23 | 1,109 | -57 | -15 | -45 | -613 | -13 |
| -11 | -1 | -1 | 5 | 53 | -45 | 10 | 15 | 42 | -59 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-20 - Orkla India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 19, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-19 - Orkla India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 19, 2026
2026-08-17 - Orkla India Limited has informed the Exchange regarding a press release dated August 17, 2026, titled "MTR Reinforces its Commitment to North Karnataka with New Regional Offerings".
2026-08-10 - Orkla India Limited has informed the Exchange about Transcript
2026-08-05 - Orkla India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-04 - Orkla India Limited has informed the Exchange about Link of Recording
2026-08-04 - Orkla India Limited has informed the Exchange regarding a press release dated August 04, 2026, titled "Orkla India records double-digit revenue growth in Q1 FY 27, back after eight quarters ".
2026-08-04 - Orkla India Limited has informed the Exchange about Investor Presentation
2026-08-04 - Orkla India Limited has submitted to the Exchange, the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
News
Recent coverage and analyst commentary for ORKLAINDIA
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