Venky's (India) Limited
NSE: VENKEYSMeat Products including Poultry
Share price
₹1,595.80
-0.77% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
65
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,234 Cr
P/E ratio
12.9
P/B ratio
1.4
ROCE
11.9%
ROE
9.1%
Dividend yield
0.6%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 18.3% over the past year, and 13.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales held steady, near 5.3% over the last four years.
Whether it grew faster than its sector
It grew 13.5% a year against a sector median of 9.9% — 3.6 percentage points faster.
Room to re-rate, or risk of de-rating
At 12.9× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 53.4×, across 5 companies. It is against its own five-year median of 22.4×, the 2nd percentile of its own range.
Whether growth justifies the valuation
Priced at 0.5 times its growth rate, on earnings growth of 25%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Venky's (India) Limited — this one | 25%/yr | 12.9× | ₹0.52 |
| Varun Beverages Limited | 24%/yr | 44.0× | ₹1.8 |
| Britannia Industries | 8%/yr | 44.5× | ₹5.6 |
| Marico Limited | 11%/yr | 54.1× | ₹4.9 |
| United Spirits Limited | 23%/yr | 53.4× | ₹2.3 |
| Tata Consumer Products | 13%/yr | 57.3× | ₹4.4 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies across the whole Fast Moving Consumer Goods sector, it ranks 89 of 177 on returns, 52 of 173 on growth, 129 of 178 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 11.9% on capital, ahead of 50% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹430 crore of cash from the business, spent ₹207 crore on plant and equipment, and returned ₹192 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 109 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 34 days for its cash to waiting 47 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
9 of 10 checks clear · 90%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Revenue rose 29.1% year on year, while profit more than tripled to ₹49.99 Cr.
Announced 11 Aug 2026 · Standalone · Audited
Revenue
₹1,118 Cr
Revenue vs last year
+29.1%
Revenue vs last quarter
+1.7%
Net profit
₹50 Cr
Profit vs last year
+212.4%
Profit vs last quarter
-50.5%
Net margin
4.5%
EPS
₹35.49
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,234 Cr
- Prev close
- ₹1,595.80
- 52w High
- ₹1,815
- 52w Low
- ₹1,165
- Enterprise value
- ₹2,097 Cr
- Beta
- 0.9
- Price CAGR 1y
- 11.0%
- Price CAGR 3y
- -7.0%
- Price CAGR 5y
- -11.0%
- Price CAGR 10y
- 12.0%
Ratios
- Return on assets
- 6.0%
- PEG ratio
- 0.5
- P/E ratio
- 12.9
- P/B ratio
- 1.4
- EV / EBITDA
- 8.8
- Industry P/E
- 21.1
- ROCE
- 11.9%
- ROCE 5y average
- 11.4%
- ROE
- 9.1%
- Debt / Equity
- 0.1
- Interest coverage
- 11.9
- Dividend yield
- 0.6%
- ROE 3y average
- 8.0%
- ROE last year
- 9.0%
Annual P&L
- Annual revenue
- ₹3,727 Cr
- Annual profit
- ₹139 Cr
- Operating margin
- 5.0%
- Net profit margin
- 3.7%
- EBITDA margin
- 5.2%
- Sales growth 3y
- -4.2%
- Sales growth 5y
- 3.6%
- Profit growth 3y
- 25.0%
- Profit growth 5y
- -12.0%
- EPS
- ₹98.9
- Sales growth TTM
- 18.0%
- Profit growth TTM
- 203.0%
- Dividend payout
- 10.0%
Quarter P&L
- Sales latest quarter
- ₹1,118 Cr
- Profit latest quarter
- ₹50 Cr
- YoY quarterly sales growth
- 29.2%
- YoY quarterly profit growth
- 212.5%
- OPM latest quarter
- 6.2%
Balance Sheet
- Book Value
- ₹1,140
- Face Value
- ₹10.0
- Total debt
- ₹167 Cr
- Total cash
- ₹91 Cr
- Borrowings
- ₹167 Cr
- Reserves / Equity
- 113.0
Cash Flow
- Operating cash flow
- ₹191 Cr
- Free cash flow
- ₹151 Cr
- FCF yield
- 6.0%
- Net cash flow
- ₹47 Cr
Shareholding
- Promoter holding
- 56.1%
- FII holding
- 1.3%
- DII holding
- 0.1%
- Public holding
- 42.5%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Venky's (India) | 1,610.00 | 13.1 | 2,268 | 0.61 | 50.0 | 215.8 | 1,118.4 | 29.2 | 11.9 |
| HMA Agro Inds. | 23.60 | 5.5 | 1,182 | 0.00 | 50.5 | 6158.0 | 2,110.3 | 88.0 | 16.2 |
| SKM Egg Prod. | 209.80 | 9.9 | 1,105 | 0.59 | 23.8 | 46.5 | 184.3 | 4.9 | 30.7 |
| Ovobel Foods | 265.00 | 6.5 | 252 | 0.00 | 15.4 | 460.0 | 80.0 | 31.8 | 28.3 |
| DSM Fresh | 53.00 | 8.1 | 118 | 0.00 | 7.3 | 11.2 | 125.0 | 95.8 | 23.3 |
| Simran Farms | 184.55 | 17.3 | 89 | 0.00 | 0.8 | 10.7 | 213.9 | 4.4 | 13.7 |
| Median | 209.80 | 8.1 | 1,105 | 0.00 | 23.8 | 215.8 | 184.3 | 31.8 | 23.3 |
Competes with: HMA Agro Industries Limited, SKM Egg Products Export (India) Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 976 | 913 | 953 | 896 | 808 | 774 | 882 | 843 | 866 | 801 | 960 | 1,100 | 1,118 |
| Expenses | 946 | 863 | 960 | 846 | 705 | 760 | 853 | 818 | 842 | 832 | 890 | 971 | 1,049 |
| Material Cost | 553 | 608 | 648 | 711 | 783 | ||||||||
| Change in Inventories | 21 | -21 | -8.70 | -16 | -28 | ||||||||
| Purchases of Stock-in-Trade | 79 | 51 | 43 | 74 | 70 | ||||||||
| Employee Cost | 63 | 64 | 65 | 67 | 68 | ||||||||
| Other Expenses | 126 | 129 | 143 | 135 | 157 | ||||||||
| Operating Profit | 31 | 50 | -7 | 50 | 103 | 14 | 29 | 25 | 24 | -31 | 70 | 130 | 69 |
| OPM % | 3.17 | 5.44 | -0.76 | 5.58 | 13 | 1.79 | 3.30 | 3.01 | 2.72 | -3.89 | 7.28 | 12 | 6.18 |
| Other Income | 9 | 9 | 10 | 11 | 10 | 10 | 12 | 12 | 12 | 10 | 10 | 16 | 13 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | ||||||||
| Interest | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 3 | 4 |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 9 | 9 | 9 | 9 | 9 |
| Profit before tax | 27 | 46 | -10 | 47 | 101 | 11 | 28 | 23 | 22 | -35 | 66 | 133 | 69 |
| Tax % | 27 | 26 | -24 | 29 | 25 | 29 | 27 | 42 | 27 | -24 | 27 | 24 | 28 |
| Net Profit | 19 | 34 | -8 | 34 | 75 | 8 | 20 | 13 | 16 | -27 | 49 | 101 | 50 |
| EPS in Rs | 14 | 24 | -5.64 | 24 | 53 | 5.51 | 14 | 9.44 | 11 | -19 | 34 | 72 | 35 |
| Diluted EPS in Rs | 11 | -19 | 34 | 72 | 35 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,731 | 2,127 | 2,476 | 2,686 | 3,043 | 3,261 | 3,117 | 4,400 | 4,234 | 3,738 | 3,307 | 3,727 | 3,980 |
| Expenses | 1,631 | 1,990 | 2,198 | 2,299 | 2,734 | 3,282 | 2,728 | 4,154 | 4,122 | 3,615 | 3,135 | 3,535 | 3,742 |
| Material Cost | 2,521 | ||||||||||||
| Change in Inventories | -24 | ||||||||||||
| Purchases of Stock-in-Trade | 247 | ||||||||||||
| Employee Cost | 259 | ||||||||||||
| Other Expenses | 532 | ||||||||||||
| Operating Profit | 100 | 137 | 278 | 388 | 309 | -21 | 389 | 246 | 112 | 123 | 172 | 192 | 238 |
| OPM % | 6 | 6 | 11 | 14 | 10 | -0.70 | 12 | 6 | 2.60 | 3.30 | 5 | 5 | 6 |
| Other Income | 34 | 32 | 34 | 27 | 28 | 35 | 36 | 34 | 37 | 39 | 44 | 47 | 49 |
| Exceptional items (within Other Income) | 0 | ||||||||||||
| Interest | 74 | 85 | 77 | 50 | 32 | 30 | 28 | 18 | 18 | 18 | 16 | 17 | 17 |
| Depreciation | 32 | 30 | 28 | 28 | 29 | 34 | 35 | 37 | 35 | 35 | 37 | 37 | 37 |
| Profit before tax | 28 | 54 | 206 | 337 | 277 | -50 | 361 | 226 | 95 | 109 | 163 | 186 | 233 |
| Tax % | 33 | 29 | 39 | 41 | 37 | -45 | 26 | 27 | 26 | 28 | 28 | 25 | |
| Net Profit | 19 | 38 | 125 | 200 | 174 | -27 | 268 | 165 | 70 | 79 | 117 | 139 | 173 |
| EPS in Rs | 13 | 27 | 89 | 142 | 124 | -19 | 190 | 117 | 50 | 56 | 83 | 99 | 123 |
| Diluted EPS in Rs | 99 | ||||||||||||
| Dividend Payout % | 25 | 18 | 7 | 6 | 6 | 0 | 9 | 11 | 12 | 12 | 12 | 10 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 6%
- 5 years
- 4%
- 3 years
- -4%
- TTM
- 18%
Compounded profit growth
- 10 years
- 14%
- 5 years
- -12%
- 3 years
- 25%
- TTM
- 203%
Stock price CAGR
- 10 years
- 12%
- 5 years
- -11%
- 3 years
- -7%
- 1 year
- 11%
Return on equity
- 10 years
- 13%
- 5 years
- 8%
- 3 years
- 8%
- Last year
- 9%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 362 | 405 | 517 | 707 | 867 | 822 | 1,090 | 1,235 | 1,285 | 1,356 | 1,461 | 1,582 |
| Borrowings | 762 | 746 | 545 | 350 | 268 | 310 | 186 | 199 | 191 | 172 | 170 | 167 |
| Other Liabilities | 287 | 340 | 285 | 360 | 408 | 451 | 499 | 499 | 526 | 552 | 425 | 546 |
| Total Liabilities | 1,420 | 1,504 | 1,360 | 1,431 | 1,557 | 1,597 | 1,790 | 1,947 | 2,015 | 2,094 | 2,070 | 2,309 |
| Fixed Assets | 476 | 473 | 468 | 472 | 501 | 571 | 618 | 603 | 592 | 618 | 645 | 646 |
| CWIP | 9 | 7 | 8 | 17 | 66 | 53 | 10 | 14 | 34 | 28 | 8 | 9 |
| Investments | 62 | 2 | 2 | 0 | 6 | 7 | 45 | 70 | 90 | 105 | 122 | 213 |
| Other Assets | 874 | 1,022 | 882 | 942 | 984 | 966 | 1,116 | 1,260 | 1,299 | 1,343 | 1,296 | 1,440 |
| Total Assets | 1,420 | 1,504 | 1,360 | 1,431 | 1,557 | 1,597 | 1,790 | 1,947 | 2,015 | 2,094 | 2,070 | 2,309 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 59 | 78 | 211 | 256 | 159 | 58 | 242 | 5 | 86 | 82 | 66 | 191 |
| Cash from Investing Activity | -113 | 51 | 57 | -29 | -38 | -53 | -46 | -19 | -27 | -37 | -38 | -108 |
| Cash from Financing Activity | 52 | -112 | -280 | -245 | -120 | -9 | -148 | -34 | -45 | -47 | -30 | -36 |
| Net Cash Flow | -1 | 18 | -12 | -18 | 0 | -4 | 48 | -48 | 15 | -2 | -2 | 47 |
| Free Cash Flow | -71 | 56 | 186 | 209 | 57 | -25 | 207 | -25 | 44 | 32 | 21 | 151 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 53 | 39 | 40 | 37 | 50 | 46 | 53 | 57 | 70 | 61 | 53 |
| Inventory Days | 60 | 23 | 23 | 32 | 35 | 15 | 36 | 19 | 21 | 21 | 37 | 43 |
| Days Payable | 51 | 56 | 36 | 45 | 47 | 52 | 57 | 41 | 46 | 53 | 40 | 43 |
| Cash Conversion Cycle | 58 | 20 | 27 | 27 | 25 | 13 | 24 | 31 | 31 | 38 | 58 | 53 |
| Working Capital Days | -52 | -25 | -11 | 7 | 17 | -1 | 25 | 34 | 35 | 43 | 55 | 47 |
| ROCE % | 9 | 12 | 25 | 36 | 28 | -2 | 32 | 18 | 8 | 8 | 11 | 12 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-137inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
145cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
73,27,959inr
2026-03-31
News
News and filings about Venky's (India) Limited. Open one to see why it matters.
3 Sept, 18:05 IST · Company event · low impact
Significant increase in volume has been observed in Venky's (India) Limited.
31 Aug, 18:05 IST · Company event · low impact
Significant increase in volume has been observed in Venky's (India) Limited.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Uses as raw material
- Maize / corn (poultry feed grain)
- Medicines, vaccines & amino acids (animal-health inputs)
- Millet / bajra / other feed grains
- Other feed ingredients & poultry feed supplements
- Parent/grandparent broiler & layer chicks (breeding stock)
- Soybean / soya / soybean meal (feed + oilseed-segment processing input)
Depends on the price of
- corn
- poultry_and_meat
Sells to
- Devyani International Limited · processed chicken & pizza toppings
- Jubilant Foodworks Limited · processed chicken & pizza toppings
- Restaurant Brands Asia Limited · processed chicken
- Sapphire Foods India Limited · processed chicken & pizza toppings
- Venky's Xprs / own branded retail outlets & retail chicken (Fresh Chilled, Frozen) · Venky's branded chicken products
- Vista Processed Foods / OSI (McDonald's global supply-chain partner) · processed chicken
- WESTLIFE FOODWORLD LIMITED · processed chicken
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Fast Moving Consumer Goods
- Industry
- Meat Products including Poultry
- Classification
- Fast Moving Consumer Goods › Meat Products including Poultry
- ISIN
- INE398A01010
Business segments
- Poultry and Poultry Prodcts · 49%
- Oilseeds · 40%
- Animal Health Products · 10%
Plants
- Kamshet chicken processing facility · Kamshet, Maharashtra
- Kesurdi oilseed plant
- Khanna feedmill · Khanna, Punjab
- Nanded solvent extraction & refinery
- Patan SPF egg facility · Patan, Maharashtra
- Paterheri feedmill · Paterheri, Haryana
- Patvi feedmill · Patvi, Haryana
- Pune operations / HQ (Venkateshwara House, Sinhagad Road)
- Selakui hatchery & feedmill
- Shivarpur breeder farm & feedmill
- Shrirampur solvent extraction & refinery
- Solapur solvent extraction, refinery & poultry feed unit
News impact
Big market events that reach Venky's (India) Limited, and how the effect spreads.
16 Sept, 20:13 IST · Market event · medium impact
Livestock product exports up 44% in April-August
Buffalo-meat exports jumped 44%, so exporter HMA Agro should earn more for now, while poultry maker Venky's sees little direct gain and everyday shoppers are unaffected.
Who it hits first
- India exported 44% more livestock products by value in April-August versus last year, mostly frozen buffalo meat shipped to Vietnam, Malaysia and nearby markets.
- HMA Agro Industries, the listed buffalo-meat exporter, should see higher sales volumes and possibly better per-kilo prices while this demand lasts.
Who may gain
- HMA Agro Industries (HMAAGRO): direct volume and price gains as the pure-play listed buffalo-meat exporter.
- Venky's (VENKEYS): mild sentiment readthrough as a listed poultry producer; it sells chicken, not buffalo meat.
- Reefer logistics and port cargo handlers: marginally more frozen-cargo volumes.
Along the supply chain
Downstream
Overseas buyers absorb more volume; domestic meat availability could tighten slightly if exports keep diverting supply.
Upstream
Buffalo procurement demand rises, supporting prices paid to livestock suppliers and transporters in sourcing belts.
Where demand moves
Business
Stronger Vietnamese and Malaysian import demand flows straight to Indian buffalo-meat processors as bigger export orders; poultry and egg exporters get only sentiment spillover.
Capital
Small, stock-specific event — no broad sector rotation expected; at most a mild bid for small-cap FMCG exporter names.
How it spreads across sectors
Fast Moving Consumer Goods
Mildly positive for meat, poultry and allied food exporters; neutral for staples, soaps and cigarettes makers with no export link.
Commodity angle
Commodity
poultry_and_meat
Price note
Commodity prices stale — using article-reported prices only.
Price updated at
2026-08-29T00:42:57.631Z
Shock type
demand
Unit
INR/kg
When it plays out
Immediate
HMA Agro shares likely firm on the export data; poultry names flat to slightly up.
Medium term
Sustainability depends on Vietnam/Malaysia demand holding and no fresh export curbs; regulatory risk around meat trade is the overhang.
Short term
Watch HMA Agro quarterly volumes and export realisations for confirmation the surge reached its order book.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 11 Sep 2026 | unspecified | ₹10 |
|---|---|---|
| 14 Aug 2025 | unspecified | ₹10 |
| 23 Aug 2024 | unspecified | ₹7 |
| 8 Sep 2023 | unspecified | ₹6 |
| 8 Sep 2022 | unspecified | ₹13 |
| 22 Jul 2021 | unspecified | ₹17 |
| 19 Sep 2019 | unspecified | ₹8 |
| 6 Sep 2018 | unspecified | ₹8 |
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 14 May 2026 | TASHA ENTERPRISES LLP | SELL | 93,211 | ₹1,758.09 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call15 May 2026
- Annual report · 2024-2530 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.