KRBL LTD
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BSE Code:
530813
NSE Code:
KRBL
Business Profile
Business Profile
KRBL (KRBL) is an exporter of basmati rice and a significant player in the branded food industry. It was incorporated on March 30, 1993.
The company`s milling and packing units are located in Ghaziabad (UP), Dhuri (Punjab), Alipur (Delhi) and Gandhidam (Kandla) and Dhulia (Maharashtra). The company`s integrated unit at Dhuri is one of the largest in the world with capacity of 150 MTPH. The company`s total milling capacity has increased to 198 MTPH in FY07. Brand names include Royal, Zaffrani, Doon, Train, Al Wissam, Qiada, Al Bustan, Al Mithali, Indian Farm, Sun Flower, India Gate, Lion, India Gate, Nur Jahan, Aarati, Necklace, Bemisal, Shubh Mangal and Lotus.
KRBL manufactures products like rice bran oil, furfural and de-oiled cakes. The husk is utilized to extract furfural and the bran used to produce around 50 tons of rice bran. It has a total bran oil capacity of 42 MTPD and furfural of 10 MTPD. The company has 10.5 MW power capacity using rice husk as fuel and a 3.5 MW power plant in Ghaziabad. It has a 12.5 MW windmill in Dhulia, Maharashtra with a power purchase agreement with MSEB. The company is ISO 9002, HACCP, KOSHER, and FDA certified. KRBL has earmarked around 200,000 acres of land for contract farming in Uttaranchal, Uttar Pradesh and Punjab. It has its procurement network for basmati rice that spreads across Punjab, Haryana, Uttranchal and Uttar Pradesh.
The company has been awarded the Super Star Trading House status by the Director General, Foreign Trade, Government of India. It has a strong presence in the export market with 52% share of basmati rice market of USA and dominant presence in the Middle East. The registered office of the company is located at 5190, Lahori Gate, New Delhi-110006.
Financials
KRBL registered a steep drop of 99.15% in net profit of Rs 1.2 million for the quarter ended June 2007 from a profit of Rs 140.5 million for the quarter ended June 2006.
Net sales declined 28.51% to Rs 1,360.3 million for the quarter ended June 2007 from Rs 1,902.9 million for the quarter ended June 2006.
Total income dipped 27.97% to Rs 1,377.7 million from Rs 1,912.7 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 0.05 for the quarter ended June 2007.
Future Plans
The company plans to launch its own brand of rice bran oil in consumer packs by December 2007.