TBI Corn Ltd.

•

tbicorn.comBSE: -NSE: TBI

Market Cap₹ 131 Cr.

Current Price

High / Low₹ 106 / 55

Stock P/E7.1

Book Value₹ 66

Price to Book1.38

Dividend Yield0.00 %

ROCE18.6 %

ROE18.9 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

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.

Confidence

62%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%
Company has a healthy return on capital (ROCE) of 20.7%
Company converts assets efficiently - asset turnover of 1.5x

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.64x)
Working capital days have increased from 87 to 143 days
Free cash flow has been persistently negative
Total debt has risen sharply - up 41.8% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsFMCGConsumer Food

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	NESTLEIND	1393.10	70.49	268633.47	0.86	9586.80	1382.67	63781.80	1157.04	98.35	23.86
2.	VBL	406.00	40.56	137328.07	0.37	1525.36	15.08	8650.57	20.77	20.73	27.04
3.	BRITANNIA	5099.50	47.17	122830.79	1.77	593.38	14.08	4999.97	10.26	56.48	16.77
4.	JUBLFOOD	475.50	72.30	31375.64	0.25	100.03	6.03	2569.65	13.66	25.56	19.77
5.	HATSUN	1199.95	76.74	26728.68	0.50	60.58	—	2363.72	17.61	17.40	10.81
6.	MILKYMIST	266.05	161.26	20481.68	0.00	646.79	—	9734.46	—	13.79	14.77
7.	ZYDUSWELL	555.10	93.84	17661.10	0.22	118.90	-7.04	1437.00	67.54	4.42	16.82
8.	DEVYANI	137.20	0.00	16915.93	0.00	171.04	7576.84	15805.16	1064.74	8.98	16.09
9.	LTFOODS	453.80	24.61	15758.34	0.66	183.45	8.87	3151.83	27.92	19.77	11.26
10.	BIKAJI	571.90	55.47	14339.61	0.22	59.47	1.62	734.26	15.26	21.65	13.48
11.	MANORAMA	2092.15	53.54	13206.15	0.04	78.66	67.55	404.01	39.53	35.00	26.29
12.	TBI	71.90	7.02	130.56	0.00	—	—	—	—	18.56	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
	115	158	212
	105	140	188
Operating Profit	10	18	24
OPM %	9.07%	11.22%	11.19%
	1	1	2
Interest	2	4	5
Depreciation	1	1	2
Profit before Tax	8	14	18
Tax %	26.61%	25.61%	25.43%
Net Profit	6	10	14
EPS	11118.90	7.55	7.51
Dividend Payout %	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -6%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 30%
Last Year:: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0	13	18
	17	29	83
	40	46	65
Trade Payables	17	11	12
	3	2	2
Total Liabilities	77	102	180
	7	8	17
Capital Work in Progress	0	6	7
	46	51	70
	0	31	46
	23	6	40
Total Assets	77	102	180

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
	-15	-3	-30
Cash from Investing	-8	-8	-12
Cash from Financing	25	11	42
	0	0	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	56.47	56.47	56.47	56.47
	1.63	0.36	0.34	0.01
	4.78	2.86	2.25	0.94
Government	0.00	0.00	0.00	0.00
	37.14	40.31	40.94	42.59

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for TBI

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TBI Corn Ltd.

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Name

NESTLEIND

1393.10

70.49

268633.47

0.86

9586.80

1382.67

63781.80

1157.04

98.35

23.86

VBL

406.00

40.56

137328.07

0.37

1525.36

15.08

8650.57

20.77

20.73

27.04

BRITANNIA

5099.50

47.17

122830.79

1.77

593.38

14.08

4999.97

10.26

56.48

16.77

JUBLFOOD

475.50

72.30

31375.64

0.25

100.03

6.03

2569.65

13.66

25.56

19.77

HATSUN

1199.95

76.74

26728.68

0.50

60.58

—

2363.72

17.61

17.40

10.81

MILKYMIST

266.05

161.26

20481.68

0.00

646.79

—

9734.46

—

13.79

14.77

ZYDUSWELL

555.10

93.84

17661.10

0.22

118.90

-7.04

1437.00

67.54

4.42

16.82

DEVYANI

137.20

0.00

16915.93

0.00

171.04

7576.84

15805.16

1064.74

8.98

16.09

LTFOODS

453.80

24.61

15758.34

0.66

183.45

8.87

3151.83

27.92

19.77

11.26

BIKAJI

571.90

55.47

14339.61

0.22

59.47

1.62

734.26

15.26

21.65

13.48

MANORAMA

2092.15

53.54

13206.15

0.04

78.66

67.55

404.01

39.53

35.00

26.29

TBI

71.90

7.02

130.56

0.00

—

18.56

—

Mar 2023

Mar 2024

Mar 2025

115

158

212

105

140

188

Operating Profit

OPM %

9.07%

11.22%

11.19%

Interest

Depreciation

Profit before Tax

Tax %

26.61%

25.61%

25.43%

Net Profit

EPS

11118.90

7.55

7.51

Dividend Payout %

0.00%

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

102

180

Capital Work in Progress

Total Assets

102

180

Mar 2023

Mar 2024

Mar 2025

-15

-3

-30

Cash from Investing

-8

-12

Cash from Financing

-0

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Mar 2025

Sep 2025

Mar 2026

56.47

1.63

0.36

0.34

0.01

4.78

2.86

2.25

0.94

Government

0.00

37.14

40.31

40.94

42.59

TBI Corn Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

TBI Corn Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI