TBI Corn Ltd. (TCL) is a prominent player in the corn milling industry. Located in the Sangli district of Maharashtra, India, it specializes in the production of good-quality Corn / Maize Grits and related products. The Company offers a diverse range of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. The Company holds certificates from MSME, APEDA, and are both Indian Organic and USDA Organic certified. It has successfully expanded into international markets, serving countries in the Gulf, Sri Lanka, Malaysia, Brunei, Vietnam, South Korea, and soon, Europe and the US. The Company proudly supplies to renowned companies across India. Its products cater to the needs of corn starch and cattle feed industries, with potential expansion in this sector.
For year/ period ended ( in lacs.)
Particulars | H1FY23 | FY22 | FY21 |
---|---|---|---|
Total Revenue | 10,196.53 | 14,042.63 | 10,097.26 |
Profit After Tax | 766.45 | 686.09 | 45.16 |
EPS | 18.63 | 11,365.72 | 805.53 |
OPM (%) | 13.80% | 9.85% | 4.76% |
PATM (%) | 7.59% | 5.52% | 2.05% |
For year/ period ended ( in Cr.)
Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
---|---|---|---|---|---|---|
*Market cap @upper band
The company is operating in a highly competitive and fragmented segment of corn milling. Based on FY24 annualized super earnings, the issue appears aggressively priced.
Never Miss IPO Investment