Global Rice Industry overview – The consumption of rice at world level has crossed rice production at world level which has led to shortage of rice stocks and rise in price of rice at world level. Prices has increased due to EL Nino current patterns, Red Sea crisis, and Russian ukraine conflict, and restrictions on rice exports by India which is largest exporter of rice with a share of 40% of rice exports in FY-23.
Inspite of many issues, India was the leading exporter of rice in FY-24 with 16.4 million tonnes of exported rice, followed by Vietnam, Thailand, and Pakistan. As per USDA estimates, rice production at world level is projected to remain stable at 517 million tonnes in FY 23-24 compared to 516 million tonnes (2022-23). As per USDA, production of rice is projected to rise by 10.3 million tonnes from previous year to new record of 527 Million tonnes. the highest increment is projected from India, where production of rice is forecasted to touch high record. It is also projected that China will increase. The two producers India and China make 50% contribution of total rice production at world level. The consumption of rice at global level is projected to rise by 4.8 million tonnes to a record of 526.4 million tonnes. India is second largest rice consumer country and is forecasted to touch 120 million tonnes as Government of India consistently distributes rice in public distribution programmes.
China is largest rice consumer country is forecasted to drop for third consecutive year. The decline is due to reduced usage of rice as an alternative of coarse grain in feed. Due to growth in population, consumption of rice in South Asia, Middle east, and Sub-Saharan African is projected to rise. India is projected to be largest rice exporter in 2025 with exports predicted at 18.5 million tonnes, an increment of 1.5 million tonnes compared to previous year.
Indian Rice Industry – India is the second largest producer of rice at global level and is forecasted to contribute 1/4th of rice production at world level. In 2023-24, the production of rice in India is forecasted to reach 137 million tonnes. In 2023-24, the price of rice at domestic level increased as the kharif rice production was forecasted to bad weather situations due to EI Nino patterns and increased requirement of rice at international level. To manage incerment of rice of prices at domestic level, the Indian government impose certain regulations such as banning the export of white non-basmati rice. and Minimum Export price (MEP) on Basmati exports. Since 2022-23, the exports of broken rice has been banned. Due to export regulations, the volume of Indian rice exports dropped by 27% and reached to 16.4 million in FY-24 compared to previous year where it was 22.35 million tonnes in FY-23. In terms of value, India exported USD10.4 billion in FY-24 which was reduced by 7% compared to previous year USD11.1 billion.
India Basmati Rice Industry – In FY 23-24, the production of basmati rice in India was 10 million tonnes and out of that 5.2 million tonnes were exported which is 15% higher compared to previous year showing 26% growth in exports.The reason behind the growth is increment in requirement of long-grain specialty variants known for their quality aroma and flavour. The rising growth for brown Basmati rice is increasing growth in the market. As per data provided by Kantar Household Panel MAT report ( March 2023), at present about 41.5% of urban households in India consume Basmati rice out of which 19.1% consume packaged Bamati rice. This shows there is high requirement to understand the demand of packaged basmati rice in national market.
The growth in market is supported by consumption of basmati rice in food and beverage sector to prepare desserts, biryani. There is high demand of basmati rice across different regions such as Middle East. In this article your will learn interesting information about KRBL Ltd Share Price Target – 2025 to 2040, market cap, ROCE, ROE, promoter, shareholding pattern, industry, employees.
KRBL Ltd – Key Points
Name of the promoter
Mr. Anil Kumar Mittal
Industry
Rice
Established
1889
Headquarters
Noida Uttar Pradesh
Employees
2,768
Exports
90 countries
Distributors
850+
KRBL Ltd – Statistics
Market cap
Rs 5,990 crores
ROCE
15.8%
ROE
12.5%
Manufacturing unit
5
Retail outlets reach
3.75 lac+
Total installed reneweable energy capacity
146 MW
About KRBL Ltd
KRBL Ltd is a top player in Indian Basmati Rice sector. It is firts company in India to join together as rice company and is basic operations include production and marketing of rice products. The growth of company is due to genuine operations that have been implemented efficiently, supported by unique production process and smart strategy to observe and taking benefits of opportunities. As KRBL performed better over the years, the product portfolio increased to fulfill the requirements of customers across different regions. The dietary market is based on consumer and provides KRBL products a requirement of stable demand in domestic as well as global markets.
The top leaders of company include Indian agri-product sector such as Mr Anil Kuma Mittal (Chairman and Managing Director), Mr. Arun Kumar Gupta and Mr. Anoop Kumar Gupta (Joint Managing Directors). The highly experienced team controls the company to achieve huge success encouraged by a team of talented leaders. The company has setup its footprint in entire value chain form seed development and multiplication to contact farming, growth and promotion. The company is consistently working and with huge passion to improve, broadening the network and implementing technologies that support cost reduction.
The company is top exporter of branded basmati rice from India with strong footprint by fulfilling consumers requirements in 90 countries across six continents. The company owns India Gate rice brand which is top brand at global level. The paddy processing production capacity is 195 tonnes per hour and rice processing capacity is 221 tonnes per hour. The company has largest rice milling plant in whole world at Punjab, India. The company has largest contact farming distribution network for rice. The company has fully integrated business model which assures effective and consistency.
Exports – The company manages strong footprint in main export markets developing strong position as top player in rice trade at international markets. The company is working with dedication to scale its business by diversifying its export in different regions and increasing consumer network.
Domestic market – There is huge requirement in domestic markets, the company has developed strong position for development and has attained top position across various supply chain including general trade, modern trade, and e-commerce. The growth is observed in this sector by shift from loose to packaged rice, increasing distribution channel, adding new products and looking for different varieties of non-basmati.
Expansion – The company has setup new factories at systematic locations to fulfill increasing requirements and make entry into non-Basmati rice sector to increase its product portfolio and market network. The company has sucessfully started its genuine production at is new manufacturing unit located at Anjar, Gujarat in 2023.
Renewable Power generation capacity – The company has setup renewable power segment to generate renewable energy and make contribution for environment. The company utilizes husk generated during paddy hulling to generate electricty which develops company’s manufacturing plant independent for generating electricity. The company has also setup solar plant and wind plants to generate green energy at different locations.
The product of company is consistently improving to fulfill customers requirement. The company provides wide variety of basmati rice and specialty rice products, consistently improving to fulfill customers requirements. The company concentrates to deliver best quality and sustainability has brought organic and durable end products due to rising awareness of consumer health and environmental issues. Moreover, the company has increased its product portfolio by including biryani masala by presenting consumer requirements. These efforts highlights strong commitment to provide best quality, creative products that is understood by customers.
Product portfolio
Basmati rice
India Gate Golden Sella range
India Gate White Sella range
Nurjahan Basmati Range
Doon Basmati range
Bemisal Basmati range
Non-basmati rice
Surti Kolam
Wada Kolam
Sona Masoori
Ambemor
Jeera rice
Gobindobhog
Health Food Segment
Flax seeds
Quinoa, Chia seeds
India Gate Brown rice
India Gate Weight watchers special
New Product Launches
Hyderabadi Classic Biryani Masala
Kolkata Classic Biryani Masala
Lucknowi Classic Biryani Masala
Export Business
The company has developed strong presence by attaining top position in rice sector by maintaining business across 90+ countries and building strong image for excellence and best quality of Basmati rice. The company is one of the top player in international rice trade, the company has made stable commitment to provide premium quality rice and has attained top position at world level.
The company has captured 40% market share in five out of 150 countries importing Indian Basmati Rice.
The company holds 20% market share in six countries and 10% market share in twelve countries by building strong presence in international market.
The company has made strong commitment to develop its presence in global markets and providing best quality and provide best value to customers at global level.
Middle East and GCC Region – The 74% of Indian Basmati rice is exported in Middle East which remains key player. The company receives approximately 58% of revenue of basmati rice exports from this region with huge growth in Oman, Bahrain, and Kuwait.
North America – The company has develop strong presence by making contribution of 10% of its export revenue. The company achieved CAGR of 7%. The main markets of company is USA and Canada.
Europe – The company observed growth of 400% in Basmati exports and Europe made contribution of 11% of company’s total Basmati export revenue. The main markets are France, Belgium, Netherland, and UK have shown huge growth.
Rest of the world – The company consistently increase in Oceania and Africa with high market share and growth rates. Moreover, Africa observed 13% increment in Basmati exports with Algeria and South Africa being main markets whereas as Oceania including Australia and New Zealand facing huge growth.
Revenue and net profit
Particulars
FY-24 ( In crores)
Sales
5,385
Expenses
4,582
EBITDA
802
Other income
97
Interest
24
Depreciation
79
Profit before tax
796
-Tax (%)
(25%)
Net profit
596
EPS in Rs.
26.03
Balance sheet
Liabilities
Rs
Assets
Rs
Equity Capital
23
Fixed Assets
903
Reserves
4,385
CWIP
13
Borrowings
545
Investments
115
Other Laibilities
525
Other assets
4,896
Total liabilities
5,927
Total assets
5,927
Shareholding pattern (Dec. 2024)
Promoters
60.17%
FIIs
5.34%
DIIs
0.27%
Government
6.26%
Public
27.95%
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KRBL Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
262
279
295
2026
301
321
340
2027
343
373
402
2028
409
441
472
2029
478
513
548
2030
550
586
621
2035
1100
1223
1346
2040
2236
2400
2565
KRBL Ltd Share Price Target – 2025
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs262. The average trading price is projected to hit Rs 279 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 295. The company has developed unique position from its competitors by developing strong network with farmers through contact farming. This includes providing best quality seeds, sharing genuine sowing and transplanting techniques, providing guidance in acquiring best quality inputs and guiding on best pesticide management.
KRBL Ltd Share Price Target – 2026
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs 301. The average trading price is projected to hit Rs 321 at the mid of the year. If market faces bullish sentiments, the maximum projected forecasted price is anticipated to hit Rs 340. The basic purpose of company is to transform unbranded Basmart rice (Loose) to branded Basmarti rice, highlighting its quality and consistency to support brand presence and customer faith. The company acquires “Breeder” seeds from top Indian Agricultural Research Institute which are cultivated as foundation seeds under control of scientists and government seed certification agency.
KRBL Ltd Share Price Target – 2027
If market faces bearish trends, the minimum projected price is anticipated to hit Rs 343. The average trading price is projected to hit Rs 373 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to hit Rs 402. The company started its journey from simple trader in Delhi to no. Basmati rice brand at global level. This shift shows company’s strong purpose and huge passion to fulfill consumers requirements. India Gate brand is improving from single segment player to wide food brand by becoming trusted kitchen partner in over 10 million Indian houses and selling around 100 million packets at world level.
KRBL Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is estimated to touch Rs 409. The average trading price is projected to hit Rs 441 at the mid of the year. If market observes bullish sentiments, the maximum forecasted to hit Rs 472. The Basmati consumer pack division recorded amazing growth of 13% led by strong presence and consumer gained attention across various channels showcasing KRBL’s as top position. The Basmati bulk pack sector observed huge jump of 20% through systematic portfolio increment and growth of distributor.
KRBL Ltd Share Price Target – 2029
If market faces downward trends, the minimum projected price is estimated to hit Rs 473. The average trading price is forecasted to hit Rs 513 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 548. The company made initial investment in wind power generation in 2006 with 12.5 MW wind plant at Maharashtra. Over next 10 years, the company consistently invested in increasing renewable energy portfolio which now includes 112.25 MW of wind plants across seven states in India. In 2013, the company stepped in solar power plant inspite of huge costs per MW at that time.
KRBL Ltd Share Price Target – 2030
If market observes downward trends, the minimum forecasted price is estimated to hit Rs 550. The average trading price is projected to hit Rs 586 at the mid of the year. If market observes bullish signals, the maximum projected price is anticipated to hit Rs 621. At present, company has 17 MW of solar power plants in Madhya Pradesh and Haryana. Majority of power generated from these wind and solar plants is sold to different state utilities, a specific part of solar capacity is used for captive consumption. The diversified gree energy portfolio improves KRBL sustainability and makes contribution to reduce carbon.
KRBL Ltd Share Price Target – 2035
If market faces downward sentiments, the minimum projected price is estimated to reach Rs 1100. The average trading price is projected to hit Rs 1223 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 1346. Regular partnerships with stakeholders helps company to understand customer requirement and expectations by supporting to build unique business strategies that encourage long-term value. The company has purpose to build atmosphere wheer all stakeholders feel safe to raise issues.
KRBL Ltd Share Price Target – 2040
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 2236. The average trading price during the mid of the year is projected to hit Rs 2400. If market observes bullish sentiments, the maximum projected price is anticipated to hit Rs 2565. In past year, the company has rebuilt its employee interaction initiatives. the company manages various dedicated training sessions to improve skills of team. The sessions were designed to provide proper knowledge, assuring employees of company are updated with latest knowledge.
FAQs
Q1) Who is the owner of KRBL Ltd?
Ans – The owner of KRBL Ltd is Mr. Anil Kumar Mittal.
Q2) What are the products of KRBL Ltd?
Ans – The company produces best quality Basmati rice, Surti Kolam, Wada Kolam, Jeera rice, Flax seeds, Quinoa, Chia seeds, India Gate Brown rice, Hyderabadi Classic Biryani Masala, Kolkata Classic Biryani Masala.
Q3) Who is the brand ambassador of KRBL Ltd?
Ans – The brand ambassador of KRBL Ltd is Mr. Amitabh Bachchan.
Q4) Who are the founders of KRBL Ltd?
Ans – The founders of KRBL Ltd is Khushi Ram and Behari Lal the two brothers founded the company in 1889 in Lyallpur.
Q5) What is the PE ratio of KRBL Ltd?
Ans – The PE ratio of KRBL Ltd is 13.7 times.
Q6) What is the revenue of KRBL Ltd?
Ans – The revenue of KRBL Ltd in FY-13 was Rs 2,051 crores which has increased to Rs 5,385 crores in FY-24.
Q7) What is the current ratio of KRBL Ltd?
Ans – The current ratio of KRBL Ltd is 5.4 for FY-24.
Q8) Is it good to invest in KRBL Ltd?
Ans – Yes, KRBL Ltd is good company to invest for long-term purpose. The net-profit of company in FY-13 was Rs 130 crores which has increased to Rs 596 crores in FY-24. The share price of company in 2002 was Rs 1.28 which has increased to Rs 262 in FY-25. The company has provided returns of almost 20,368% since the date of listing over a period of 30 years.
