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Unlisted Shares

TBI Corn Essentials

As of October 05, 2024, TBI Corn Limited Listed share price is ₹188.00 per share.

Face Value

₹ 10

Total Share

1,81,58,405

Total Income

₹ 159.2 undefined

Profit After Tax

₹ 10.1 undefined

EPS

₹ 20.52

P/E

9.16

Market Capitalisation

₹ 341.38 Cr

Enterprise Value

₹ 341.38 Cr

Earnings Yield

10.91 %

Sector

Consumer Staples

Sub-sector

FMCG

Category

Listed

Average Traded Price

₹119.43

TBI Corn Growth

Compounded Sales Growth

1 Year

2 Year

Compounded Profit Growth

1 Year

2 Year

Return On Equity

2023

2024

Highlights

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  • TBI Corn is one of the leading manufacturers and exporters of corn meal grits for snacks, corn flour,  namkeen and brewery industries 
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  • The company boasts a state-of-the-art automated machinery setup with a daily production capacity of 140 tons. It is also certified with ISO 22000 and HALAL, ensuring the highest standards in the corn milling industry.
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  • The company's revenue for the past three years (i.e. between FY21-FY23) has been INR 70 Crore, INR 100 Crore, and INR 138 Crore respectively, indicating a remarkable 40% compound annual growth rate (CAGR).
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  • The company's clientele includes major players in the FMCG industry, such as PEPSICO, ITC Limited, Balaji Wafers, Kurkure, and Haldiram.
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  • TBI Corn has a strong presence in the Western and Southern regions of India. The company is also a major exporter of maize and maize-based products.
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  • Investment thesis: Over the upcoming three years, the company is anticipated to generate Rs 500 Crore in revenue with a Rs 50 Crore profit, and within five years, it's expected to reach Rs 800 Crore in revenue with a net profit of Rs 80 Crore. This would result in at least a 20x multiple when compared to the industry's average EV/EBIT, indicating a highly appealing valuation.
  • The current company valuation is Rs 180 crore. Investing Rs 2 lakhs today has the potential to grow 5 times in the next 3 years and 8 times in the next 5 years.
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  • Celebrity Investors: Ashish Kacholia and CA Gunmanth Vaid holds a significant chunk of stake in TBI Corn further validating its strong business model

Business Rating

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Management

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Accounting Practice

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Profitability

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

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Avanti Yogesh Rajhans.

( Director )

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Ms Asha Laxman Rajhans

( Director )

Quantity

Invest

Min. Investment: ₹