Weighing Heavy Profits: How KRBL Yielded 21,065% Returns
If you had ₹1 lakh invested in KRBL in December 2002, you could have had ₹2.11 crores today! This multibagger has given its investors 21,065% returns. Here’s a quick glance at the company.
🍚 Stock Name: KRBL Ltd.
🍚 NSE: $KRBL
⭐ About The Company
KRBL was founded in the year 1889 by Khushi Ram and Behari Lal. It is the world’s largest Basmati rice exporter. Headquartered in Noida, KRBL is India’s first and longest-reigning company in rice processing and retailing. It also manufactures edible oils and wheat. The rice miller was established in Lyallpur in Faisalabad. After the partition of India in 1974, the company moved its operations to Naya Bazar in New Delhi. The company is popularly known for its largest-selling basmati rice, India Gate.
🌍 National Presence
KRBL has established a manufacturing and retail presence in 28 states in India with over 500 distributors across the country. The company has close to 4 lakh retail outlets nationwide and 182 purchase centres across 5 states. It also has the world’s largest rice-milling facility in Punjab, spread across 200 acres. Internationally, the company has registered offices in 45 countries and has collaborated with leading retail companies like Carrefour, SPAR, Costco, Lulu and 4 Square. Employing a workforce of about 4000 employees, the company exports its products to more than 80 countries, with 75% of foreign demand coming from Middle Eastern countries like UAE, Saudi Arabia and Oman.
With a comprehensive product portfolio, KRBL had a revenue of ₹1319 crores last quarter. It earned ₹213 crores in profits.
💰 Stock Value
On December 02, 2002, the company’s shares were trading at ₹2.05, while they were priced at ₹433.9 as of December 01, 2022.