KRBL Ltd @ 185 # Closed - Target achieved on 02.02.10 #

KRBL is an exporter of basmati rice and a significant player in the branded food industry.

- The company`s milling and packing units are located in Ghaziabad (UP), Dhuri (Punjab), Alipur (Delhi) and Gandhidam (Kandla) and Dhulia (Maharashtra). 

- 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.
- It 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. 

- 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.

-  KRBL has earmarked around 100,000 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 around 8 per cent share of total Basmati exports from the country
- Will invest up to Rs 3,000 in the next three years on expansion and working capital requirement.

- Expecting a turnover of Rs 1,650-1,800 crore in the current fiscal and Rs 3,500 crore in the next three years 

- Posted net profit of 61 Cr in HY010 with EPS of 25. Currenty trading @ P/E of 3.9, P/BV of 1.1

Invest for a period of min 1 yr.... Tgt 245 +