There was a good recent report on Kaveri seed by LKP.
15.01.2024 LKP report
- Network of ~60,000 distributors (direct & in-direct) and retailers
- Company has 1 million sq.ft warehouse facilities
- R&D
** Increased from 3 cr. in FY21 to 17 cr. in FY23 (165 scientists). Setting up R&D biotech plant for 25-30 cr.
** Implemented standardized breeding processes for various crops, which have helped acquire germplasm with disease and pest tolerance and stable yields. Multiple breeding locations are used to identify tolerant lines, resulting in the development of superior hybrids that can withstand diverse conditions - Average lead time from R&D to commercial introduction is 7-8 years
- Distributed 920 cr. as dividend and buyback since their listing in 2007
- Hybrid vegetable seed is one of the fastest-growing segments and estimated to be 2,000 cr. Kaveri has built an exclusive sales team of 20+ employees
- Hybrid rice is 9.5% at 4.2 million hectares
Disclosure: Invested (position size here, no transactions in last-30 days)