AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Management to attend JP Morgan investor conference in Mumbai on September 22, 2026.
Source: Bse
Orkla India Limited (ORKLAINDIA)
Micro CapFMCG stocks · Micro cap · NSE
Multi-category Indian food company, deeply rooted in South Indian culinary heritage, catering to every meal occasion. #1 in packaged spices in Karnataka & Kerala, and largest branded spices exporter for 24 years. Operates 8 in-house and 22 outsourced factories, with ~679k retail touchpoints.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals22 Oct 2026 · screener
Latest result04 Aug, 09:49 pm IST
Score22 Oct, 05:17 am IST · v4.3-runtime-valuation
Tags04 Oct 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
19Strong Bearfull bear SMA stack · SMA20 -6.2% / mo · MACD + · near 52W low · sector -6.7pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 8
Sector 3M: -12.4% vs Nifty 500 -5.7%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ORKLAINDIAD candles · FIT view-16.4%Latest close ₹543.45 on 2026-10-21
Daily history is available from 2025-11-06; the requested 1Y window is partially covered.
Bar
+0.1%
RSI
43
MACD hist
0.45
52W pos
6%
2026-10-21O ₹543.00H ₹555.95L ₹539.95C ₹543.45Vol 74,515 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ORKLAINDIANifty FMCGNifty 500
- ORKLAINDIA
- -5.1%
- Nifty 500
- -6.5%
- Nifty FMCG
- -10.7%
- Vs Nifty 500
- +1.4 pp
Chart stats
21 Oct 2026- From 52W high
- -28.5%
- 52W range position
- 6%
- ATR (14)
- 3.0%
- Volume vs 20D
- 1.02x
- Avg traded value
- ₹3.9 Cr
- 20D price channel
- ₹530.1 - ₹585.4
₹760
₹530.1 - ₹760
₹16.5
Latest completed session
20-session average
25.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE53
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +10.4% · PAT +11.4% YoY
Technical
Strong Bear19
Price trend and sector-relative-strength timing.
Valuation
Legacy model+43.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +10% YoY · PAT +11% YoY · +5% QoQ
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹659 Cr | +10.4% | +5.3% |
| EBITDA | ₹113 Cr | +0.9% | +16.5% |
| Operating margin | 17.0% | -200 bps | +100 bps |
| PAT | ₹88 Cr | +11.4% | +20.6% |
| PAT margin | 13.3% | +12 bps | +169 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.40
- P/B
- 2.70
- EV/EBITDA
- 15.87
- Market Cap
- 7445.00Cr
Profitability
- ROE
- 11.20%
- ROCE
- 14.90%
- ROA
- 8.64%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 20.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- -4.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 59.86×
- Altman Z
- 8.58
- Book Value
- 201.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 261.00 Cr
- EPS TTM
- 21.49
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 6%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 2,509+4.8% vs prev
Net Profit
₹ CrLatest: 286+11.7% vs prev
Return on Equity
%Latest: 10.4-0.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~6.6% over last month) — short-term momentum negative.
- RSI(14) at 43 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
48
RS percentile
Stage 1 Base / Transition
1M return
-6.1%
3M return
-5.1%
6M return
-16.4%
1Y return
-
RS 1D
+5
RS 20D
+1
Sector rank
#13
Industry rank
#56
Stage evidence
- Price is 8.8% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
improving
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
237 observations
21 Oct 2026Value 81.99+0.49%
RS vs Nifty 50082
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation14/30
Growth15/25
Quality1/20
Balance Sheet13/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
53
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
53/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 43.8%.
- Balance sheet contributes 13/15 to the score.
Main drags
- Quality is weaker at 1/20; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Valuation is weaker at 14/30; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
24.4
PB
2.7
EV/EBITDA
15.9
ROE
11.2%
ROCE
14.9%
FCF Yield
—
Debt/Equity
0.0
MoS
+43.8%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
53
Previous: 53
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+43.8%
Previous: +43.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
52
52
52
52
52
53
53
53
53
53
53
53
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹311.75
-74.3% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹967.05
+43.8% MoS
PEG
1.22
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DOMS
Large
DOMS Industries Limited
Consumer Goods
match 119
54
58.4
20.7%
-24%
FAIR VALUE
CUPID
Micro
Cupid Limited
Consumer Goods
match 114
55
346.0
27.6%
-642%
FAIR VALUE
EMAMILTD
Large
Emami Limited
Consumer Goods
match 113
62
21.8
26.2%
+50%
UNDERVALUED
BAJAJCON
Small
Bajaj Consumer Care Limited
Consumer Goods
match 110
46
24.6
24.7%
-304%
FAIR VALUE
HINDUNILVR
Large
Hindustan Unilever Limited
Consumer Goods
match 107
61
40.3
31.0%
+35%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-14T19:23:05.663Z
Management commentary snapshot
Orkla India reported FY'26 revenue from operations of INR 2,509 cr (+4.8% YoY) with volume growth of 5.9%. Q4'FY26 revenue grew 5.0% YoY to INR 626 cr, with EBITDA margin at 16.0%. PAT (before exceptional items) for FY'26 was INR 298 cr (+3.0% YoY).
The company delivered consistent revenue and volume growth in FY'26, driven by spices and convenience foods. Despite geopolitical headwinds impacting freight costs, EBITDA margins remained resilient. Strategic investments in digital commerce and distribution are underway, supporting future growth.
Current business mix
FY'26 Revenue by Category
Latest issuer-disclosed distribution across 2 reported categories.
Spices65.0%
Convenience foods35.0%
Growth engines
Spices Business
Spices revenue grew 6.1% YoY in Q4'FY26, with broad-based growth across regions except Kerala.
Convenience Foods
Convenience foods revenue grew 6.4% YoY in Q4'FY26, with sweets and meals showing double-digit growth.
International Business
GCC revenue grew 11.8% YoY, showing resilience despite geopolitical disruptions.
Digital Commerce
Digital commerce revenue grew 38% YoY in FY'26, contributing 8.7% to domestic revenue.
Tailwinds
Monetary and Fiscal Policy Support
Macro tailwinds include monetary and fiscal policy support.
GST Rate Cut and Slab Simplification
Macro tailwinds include GST rate cut and slab simplification.
Headwinds
West Asia Conflict Impact
West Asia conflict led to heightened freight costs, port closures, and increased transit times.
Input Cost Escalation
Macro headwinds include input cost escalation.
Supply Chain Disruption
Macro headwinds include supply chain disruption due to West Asia conflict.
Project Bolt Investment
Q4'FY26 EBITDA margin impacted by investment in Project Bolt.
Risk radar
Geopolitical Disruptions
West Asia conflict has led to heightened freight costs and supply chain challenges for international business.
Input Cost Volatility
Input cost escalation is identified as a macro headwind.
Distribution Effectiveness
Legacy route-to-market in Kerala with fragmented execution and sub-optimal coverage.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The company operates in the consumer sector, which often exhibits seasonality. Year-over-year comparisons provide a clearer picture of underlying business performance and growth trends, normalizing for seasonal fluctuations.
Sector KPIs management disclosed
Volume Growth (Tonnage)
FY'26 volume (tonnage) grew +5.9% YoY. Q4'FY26 volume (tonnage) grew +2.2% YoY.
EBITDA Margin
FY'26 EBITDA margin was 16.9% (vs 16.6% in FY'25). Q4'FY26 EBITDA margin was 16.0% (vs 15.7% in Q4'FY25).
Rural Market Penetration
Driving rural market penetration through targeted consumer activation in spices.
Digital Commerce Revenue Growth
Digital commerce revenue grew 38% YoY in FY'26 and 23% YoY in Q4'FY26.
Management forward view
Kerala Distribution Engine
Building a future-ready distribution engine for Kerala to strengthen market share in modern trade and enhance spices coverage.
Digital Commerce as Growth Engine
Project Bolt aims to build digital commerce as a growth engine for existing and new markets.
Operational Efficiencies
Management aims to drive operational efficiencies to improve margins.
Product Portfolio Expansion
Management plans to expand product portfolio and drive household penetration in core markets.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Kerala distribution revamp | Sub-optimal market and outlet coverage, ineffective call planning. | Improved market and outlet coverage, unified customer focus, and enhanced execution efficiency. |
| Digital commerce growth | 8.7% revenue contribution to domestic markets in FY'26. | Growth in online market share exceeding offline market share, and successful D-com specific innovations. |
| International business resilience | Higher costs to be managed through measured price increases, effective spend management, and cost sharing. | Ability to sustain GCC revenue growth and manage elevated freight costs without significant margin erosion. |
| Trade working capital | 19.6 days in FY'26. | Continued improvement in trade working capital driven by tighter inventory control. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 43rd percentile within FMCG. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
16 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · FMCG: 43rd pctile, median 79 · Micro: 66th pctile, median 73
Evidence depth
Financial-only
16 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.02.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Orkla India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Jul - Board meets August 4, 2026 to approve Q1FY27 results; analysts call scheduled the same day.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 17 Aug - MTR launches North Karnataka regional offerings, including four chutney podis and Masala Khara, priced ₹49-₹65.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 17 Jul - MTR launches Protein Breakfast Range; 10g plant-based protein products roll out across metros.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Newspaper advertisement pertaining to the unaudited financial results for the quarter ended June 30, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Aug - Orkla India Q1 FY27 revenue rose 10.4% to ₹659 crore; EBITDA ₹115 crore, PAT ₹87 crore.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Company Ir
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.