TBI Corn

  • Market Cap: Micro Cap
  • Industry: FMCG
  • ISIN: INE0N2D01013
  • NSEID: TBI
  • BSEID:
INR
84.75
2.05 (2.48%)
BSENSE

Dec 05

BSE+NSE Vol: 7200

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

7.2 k (-61.54%) Volume

Shareholding (Sep 2025)

FII

0.34%

Held by 2 FIIs

DII

2.25%

Held by 0 DIIs

Promoter

56.47%

Who are the top shareholders of the TBI Corn?

06-Jun-2025

The top shareholder of TBI Corn is Yogesh Laxman Rajhans, holding 54.52%, with Ashish Kacholia as the largest public investor at 4.22%. Individual investors own 31.22% of the shares, while three foreign institutional investors hold 0.36%, and there are no mutual funds involved.

The top shareholders of TBI Corn include the promoters, with Yogesh Laxman Rajhans holding the largest share at 54.52%. The company does not have any pledged promoter holdings. In terms of public shareholders, Ashish Kacholia is the highest individual investor, owning 4.22%. Additionally, individual investors collectively hold 31.22% of the shares, while three foreign institutional investors (FIIs) hold a total of 0.36%. There are no mutual funds currently holding shares in the company.

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When is the next results date for TBI Corn?

06-Jun-2025

No Upcoming Board Meetings

Has TBI Corn declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the TBI Corn?

04-Jun-2025

TBI Corn's peers include Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, Dhunseri Tea, Galaxy Cloud, Sumuka Agro, Jeyyam Global, and ATC Energies. Sumuka Agro leads in 1-year returns at 60.10%, while TBI Corn has a 1-year return of 0.00%.

Peers: The peers of TBI Corn are Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, Dhunseri Tea, Galaxy Cloud, Sumuka Agro, Jeyyam Global, ATC Energies.<BR><BR>Quality Snapshot: Excellent management risk is observed at ITC, Nestle India, Britannia Inds., and ATC Energies, while Good management risk is found at Hind. Unilever and Godrej Consumer, and Average management risk is seen at Dhunseri Tea and Jeyyam Global. Below Average management risk is noted at Galaxy Cloud. For Growth, Excellent growth is seen at Jeyyam Global and Good growth at Sumuka Agro, while Average growth is found at Nestle India and ATC Energies, and Below Average growth is observed at Hind. Unilever, ITC, Britannia Inds., Godrej Consumer, Dhunseri Tea, and Galaxy Cloud. Lastly, Capital Structure is Excellent for Hind. Unilever, ITC, Nestle India, Britannia Inds., Godrej Consumer, and ATC Energies, while Below Average is noted for Dhunseri Tea and Galaxy Cloud, and Good for Sumuka Agro.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Sumuka Agro at 60.10%, while the lowest is Galaxy Cloud at 33.41%. TBI Corn's 1-year return is 0.00%, which is significantly lower than all peers. Additionally, the six-month return is negative for Dhunseri Tea, Galaxy Cloud, and Godrej Consumer.

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What is the technical trend for TBI Corn?

09-Jun-2025

As of June 4, 2025, TBI Corn's technical trend is neutral, showing mixed signals with a mildly bullish weekly MACD and OBV, but bearish indicators from daily moving averages and Bollinger Bands.

As of 4 June 2025, the technical trend for TBI Corn has changed from mildly bullish to sideways. The weekly MACD remains mildly bullish, while the daily moving averages indicate a mildly bearish stance. The Bollinger Bands on the weekly chart are bearish, and the KST is bearish as well. However, the Dow Theory shows a mildly bullish trend on both weekly and monthly time frames, supported by a mildly bullish OBV. Overall, the current technical stance is neutral, reflecting mixed signals across various indicators.

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What does TBI Corn do?

17-Jul-2025

TBI Corn Ltd is a micro-cap company in the FMCG sector, focused on yeast processing, and was incorporated in 2022. It has not reported any sales or profits recently, with a market cap of INR 222 Cr and a P/E ratio of 16.00.

Overview: <BR>TBI Corn Ltd is a company engaged in the manufacturing of yeast processing and operates within the FMCG industry, categorized as a Micro Cap.<BR><BR>History: <BR>TBI Corn Ltd was incorporated in 2022, having transitioned from a Partnership Firm known as "The Best India," which was established in 2000. The company has not reported any sales or profit figures for the latest quarter.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 222 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 16.00 <BR>Industry P/E: 56 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.06 <BR>Return on Equity: 31.83% <BR>Price-to-Book: 5.19 <BR><BR>Contact Details: <BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

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How big is TBI Corn?

24-Jul-2025

As of 24th July, TBI Corn Ltd has a market capitalization of 209.00 Cr, classifying it as a Micro Cap company, with no available financial data for Net Sales and Net Profit for the latest four quarters. The balance sheet as of March 2024 shows Shareholder's Funds of 42.82 Cr and Total Assets of 101.70 Cr.

As of 24th July, <BR><BR>Market Cap: TBI Corn Ltd has a market capitalization of 209.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 42.82 Cr and Total Assets valued at 101.70 Cr.

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How has been the historical performance of TBI Corn?

13-Nov-2025

TBI Corn's historical performance shows stable net sales growth from 211.60 Cr to 211.76 Cr and consistent profitability, with operating profit and taxes unchanged, despite a decrease in earnings per share from 10.19 to 7.51. Shareholder's funds increased significantly, but negative cash flow from operating activities was offset by positive financing activities.

Answer:<BR>The historical performance of TBI Corn shows stable financial results over the past year, with net sales slightly increasing from 211.60 Cr in Mar'24 to 211.76 Cr in Mar'25. The total operating income also saw a marginal rise, maintaining the same raw material costs of 186.41 Cr. The total expenditure increased from 187.86 Cr to 188.02 Cr, while the operating profit remained unchanged at 25.85 Cr. Profit before tax and profit after tax both held steady at 18.28 Cr and 13.63 Cr respectively, indicating consistent profitability. However, earnings per share decreased from 10.19 to 7.51, reflecting a decline in profitability per share despite stable net profits.<BR><BR>Breakdown:<BR>TBI Corn's financial performance for the year ending March 2025 indicates a slight growth in net sales, which rose to 211.76 Cr from 211.60 Cr the previous year. The total operating income mirrored this growth, remaining stable in terms of raw material costs. The total expenditure saw a minor increase, yet the operating profit, profit before tax, and profit after tax remained constant, suggesting effective cost management. Despite these stable profits, the earnings per share decreased, indicating a dilution of profit per share. On the balance sheet, shareholder's funds significantly increased to 101.39 Cr from 42.82 Cr, driven by a rise in total reserves. Total liabilities also grew, primarily due to an increase in short-term borrowings, while total assets rose to 180.02 Cr, reflecting a healthy asset base. Cash flow analysis reveals negative cash flow from operating activities, although financing activities provided a substantial inflow, balancing the overall cash position.

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Is TBI Corn overvalued or undervalued?

27-Nov-2025

As of November 26, 2025, TBI Corn is fairly valued with a PE ratio of 11.66 and an EV to EBITDA of 9.41, making it an attractive investment opportunity in the FMCG sector despite a 58.56% decline in stock performance over the past year.

As of 26 November 2025, TBI Corn's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 11.66, an EV to EBITDA of 9.41, and a ROE of 13.44%. In comparison to its peers, TBI Corn's valuation metrics stand out, particularly against Hindustan Unilever and Nestle India, which are both classified as very expensive with PE ratios of 53.88 and 82.01, respectively.<BR><BR>Despite the recent challenges reflected in the stock's performance—down 58.56% over the past year compared to a Sensex return of 8.31%—the current valuation suggests that TBI Corn may present a buying opportunity for investors looking for value in the FMCG sector. The company's solid ROCE of 12.99% further supports its potential for generating returns, reinforcing the view that it is fairly valued in the current market landscape.

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Why is TBI Corn falling/rising?

05-Dec-2025

As of 04-Dec, TBI Corn Ltd's stock price is at 82.70, reflecting a decline of 1.08% and significantly underperforming its sector. The stock has dropped 6.34% over the past week and 56.29% year-to-date, despite increased investor participation.

As of 04-Dec, TBI Corn Ltd's stock price is falling, currently at 82.70, which reflects a decrease of 0.9 or 1.08%. The stock has underperformed its sector by 1.53% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent downward trend. Over the past week, the stock has declined by 6.34%, while the benchmark Sensex has only fallen by 0.69%. Additionally, the year-to-date performance shows a significant drop of 56.29% for TBI Corn compared to a 10.10% increase in the Sensex. Although there has been a rise in investor participation, with a 10.66% increase in delivery volume on December 3rd, the overall performance metrics suggest that the stock is struggling to maintain upward momentum.

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Strong Sell
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Stock DNA
stock-summary
Industry

FMCG

stock-summary
Market cap

INR 150 Cr (Micro Cap)

stock-summary
P/E

11.00

stock-summary
Industry P/E

54

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.64

stock-summary
Return on Equity

13.44%

stock-summary
Price to Book

1.48

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.74%
0%
-1.74%
6 Months
-21.93%
0%
-21.93%
1 Year
-57.89%
0%
-57.89%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

TBI Corn for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News

Is TBI Corn overvalued or undervalued?

Valuation Metrics Indicate Fair Pricing

As of 26 Nov 2025, TBI Corn’s valuation grade was revised to fair from expensive, reflecting a more balanced assessment of its market price relative to earnings and asset values. The company’s price-to-earnings (PE) ratio stands at 11.66, which is markedly lower than the FMCG sector heavyweights such as Hindustan Unilever and Nestlé India, whose PE ratios exceed 50. This suggests that TBI Corn is trading at a more reasonable multiple of its earnings compared to its peers.

Further supporting this view, the enterprise value to EBITDA (EV/EBITDA) ratio for TBI Corn is 9.41, again substantially below the sector average, where competitors often trade above 30. This lower multiple indicates that the market is valuing TBI Corn’s operati...

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Announcements stock-summary
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No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
35.40%
EBIT Growth (5y)
47.80%
EBIT to Interest (avg)
4.09
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.64
Sales to Capital Employed (avg)
0
Tax Ratio
25.44%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
2.59%
ROCE (avg)
0
ROE (avg)
24.72%
Valuation key factors
Factor
Value
P/E Ratio
11
Industry P/E
0
Price to Book Value
1.48
EV to EBIT
9.96
EV to EBITDA
9.04
EV to Capital Employed
1.29
EV to Sales
1.01
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.99%
ROE (Latest)
13.44%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
Bullish
Bollinger Bands
Sideways
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (0.34%)

Promoter with highest holding

Yogesh Laxman Rajhans (54.52%)

Highest Public shareholder

Ashish Kacholia (4.22%)

Individual Investors Holdings

34.22%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by TBI Corn"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 16.22% vs 25.15% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 67.48% vs -18.62% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "136.70",
          "val2": "117.62",
          "chgp": "16.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "18.38",
          "val2": "10.52",
          "chgp": "74.71%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "3.44",
          "val2": "2.55",
          "chgp": "34.90%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "10.25",
          "val2": "6.12",
          "chgp": "67.48%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.45%",
          "val2": "8.94%",
          "chgp": "4.51%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by TBI Corn"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 33.73% vs 37.02% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 34.95% vs 62.12% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "211.60",
          "val2": "158.23",
          "chgp": "33.73%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "23.74",
          "val2": "17.75",
          "chgp": "33.75%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "5.39",
          "val2": "4.33",
          "chgp": "24.48%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "13.63",
          "val2": "10.10",
          "chgp": "34.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.22%",
          "val2": "11.22%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
136.70
117.62
16.22%
Operating Profit (PBDIT) excl Other Income
18.38
10.52
74.71%
Interest
3.44
2.55
34.90%
Exceptional Items
0.00
0.00
Consolidate Net Profit
10.25
6.12
67.48%
Operating Profit Margin (Excl OI)
13.45%
8.94%
4.51%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 16.22% vs 25.15% in Mar 2025

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 67.48% vs -18.62% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
211.60
158.23
33.73%
Operating Profit (PBDIT) excl Other Income
23.74
17.75
33.75%
Interest
5.39
4.33
24.48%
Exceptional Items
0.00
0.00
Standalone Net Profit
13.63
10.10
34.95%
Operating Profit Margin (Excl OI)
11.22%
11.22%
NA
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 33.73% vs 37.02% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is 34.95% vs 62.12% in Mar 2024

stock-summaryCompany CV
About TBI Corn Ltd stock-summary
stock-summary
TBI Corn Ltd
Micro Cap
FMCG
Tbi Corn Ltd, promoted by Mr. Yogesh Laxman Rajhans was earlier registered as a Partnership Firm as "The Best India", pursuant to a Deed of Partnership dated 24th February, 2000. Afterwards, "The Best India" got converted from Partnership Firm to a Limited Company in the name of "TBI Corn Limited" and received a Certificate of Incorporation dated 22nd June, 2022 issued by the Registrar of Companies, Pune. Prior to the incorporation, the Company was into manufacturing yeast processing in 1990.
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