Key Metrics of KRBL
About KRBL
Sectors
Company details
- Website
- krblrice.com
- Registered office
- 5190 Lahori Gate, Delhi, In-dl, 110006
- Listed
- NSE: KRBL · ₹349.35
Operational Areas of KRBL
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 21 Oct 2026 | ICRA | Reaffirmed | AA | A1+ | Stable | ₹2,055 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Leading player in Indian basmati sector with strong brand presence and wide distribution network
KRBL is a fully-integrated rice company with an operational track record of over three decades.
+ Strong business profile backed by large scale of operations, favourable location of facilities
The company’s facilities are in Punjab, Uttar Pradesh and Haryana, ensuring easy access to the key raw material, paddy, which is procured during the harvest season (October to January).
+ Comfortable capital structure and strong debt protection metrics
Healthy internal accrual generation reduced the company’s reliance on external debt for meeting the funding requirements (capex and working capital).
Credit challenges
− High working capital intensity, exposed to intense competition in the industry
The company’s working capital intensity remains high, primarily due to high inventory level, given the seasonality in availability of basmati paddy and the need to store rice for ageing.
− Exposure to changes in trade policies and Government regulations
KRBL is exposed to the changes in the trade policies of key importing countries, which can impact export revenues.
− Vulnerability to foreign exchange and agro-climatic risks
As exports account for a healthy portion of its turnover, the company remains exposed to foreign currency fluctuation risk.
Could lead to an upgrade
The long-term rating could be upgraded if the company demonstrates a significant improvement in its revenue and profitability while maintaining strong
Could lead to a downgrade
Pressure on the ratings could arise if there are any operational or financial challenges on account of the ongoing litigations against the company/promoters. Further, pressure on sales volumes or realisations, resulting in a considerable decline in cash accruals, or an elongation of the working capital cycle, resulting in Total Debt/OPBDITA of more than 1.0 times on a sustained basis, could result in ratings downgrade.
Agency-reported financials (ICRA, 21 Oct 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income | ₹5,594 Cr | ₹6,098 Cr | ₹1,496 Cr |
| PAT | ₹476 Cr | ₹648 Cr | ₹261 Cr |
| OPBDIT/OI | 12.1% | 14.8% | 20.6% |
| PAT/OI | 8.5% | 10.6% | 17.4% |
| Total outside liabilities/Tangible net worth (times) 0.2 0.1 Not available | 0.20× | 0.10× | — |
| Total debt/OPBDIT (times) 0.6 0.2 Not available | 0.60× | 0.20× | — |
| Interest coverage (times) | 46.30× | 108.80× | 394.40× |
| Revenue growth (YoY) | — | 9.0% | — |
| EBITDA (margin × income) | ₹677 Cr | ₹902 Cr | ₹308 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹406 Cr | ₹181 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹14.62 Cr | ₹8.29 Cr | ₹0.78 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term – Fund-based limits – Working Capital | Working capital & bank lines | ₹1,540 Cr | ₹1,540 Cr | 0.0% | AA (Stable) | Reaffirmed | ICRA |
| Short-term – Non-fund-based limits | Non-fund based limits | ₹15.0 Cr | ₹15.0 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
| Commercial Paper | Commercial paper | ₹500 Cr | ₹500 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 92% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 92% chance the next rating action is stable or better
- Current rating AA (investment grade)
- Interest coverage 394.4×
Rated limits by facility
Timeline
From the report
Liquidity position: Strong KRBL’s liquidity position remains Strong, supported by expectation of healthy cash flow from operations, free cash balances (appx Rs 2,800 crore as of September 2026) and cushion available in the form of undrawn bank lines (around Rs. 1,500 crore as of July 2026).
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of KRBL
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Patanjali Foods |
Dal & Pulses · Food & Beverages | patanjalifoods.com | — | Mumbai, India |
 Tata Consumer Products |
Dal & Pulses · Food & Beverages | tataconsumer.com | 1962 | Kolkata, India |
 LT Foods |
Atta, Besan, Sooji & Rice · Food & Beverages | ltgroup.in | — | Delhi, India |
| GRM Overseas | Rice Mills & Basmati · Food & Beverages | — | — | Delhi, India |
| Chaman Lal Setia Exports | Rice Mills & Basmati · Food & Beverages | — | — | Amritsar, India |
 KOHINOOR FOODS LIMITED. |
Rice Mills & Basmati · Trading | kohinoorfoods.in | — | Faridabad, Haryana, India |
| Dal & Pulses · Food & Beverages | adaniwilmar.com | — | India | |
 Rajdhani Group (Victoria Foods) |
Dal & Pulses · Food & Beverages | rajdhanigroup.com | — | India |
 Reliance Retail (Good Life) |
Dal & Pulses · Food & Beverages | relianceretail.com | — | India |
| Dal & Pulses · Food & Beverages | bigbasket.com | — | India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Basmati rice and pulses
Filings
No filings on record yet.