ENTRY 280-90 SL 250, Targets Given Under.
ROCE-19.9
PE- 11.7
Profit 3 Years CAGR 9%
Debt to Equity: .10, Which is Acceptable.
KRBL is the world's leading basmati rice producer and is India’s first integrated rice company. Globally, it exports to 82 countries.
The company has grown its Sales from 1500 crs in 2010 to 4500 crs in 2020 and increased its net profits from 125 crs to 560 crs in the same period. The company also increased its operating margins from 12% in 2010 to 21% in 2021.
Technically, this stock also reversed from the lower end of a parallel channel and is forming a very strong base since the last 2 years. The stock can see very strong momentum above 300 levels and head towards higher levels 350,380,400+ in coming years.
