Analysis: TBI Corn Ltd.

NSE:TBI Food - Processing - Others Market cap: ₹131 cr

Why is TBI Corn Ltd. stock rising?

  • Aiming to become a INR 1,000 crore company
  • Targeting 35% CAGR growth till FY28
  • Increasing corn germ extraction to 5.5% in FY27, with a longer-term target of 8% to improve margins
  • Raising export revenue share to 20% of total revenue, focusing on premium markets like Japan and Korea
  • Consolidating TBI Maize Processors into the listed entity in H1 FY27 via share swap

Research report

companyname: TBI CORN LIMITED (FORMERLY KNOWN AS THE BEST INDIA) ticker: TBI sector: Agro-processing / Corn Dry Milling TBI Corn Limited is a corn dry milling company. It processes maize (corn) into separate fractions like grits, flakes, germ, bran, meal, flour and broken maize through a mechanical process that separates the kernel components without chemicals. The company sells these fractions to snack manufacturers, food processors, cattle feed makers, breweries, edible oil extractors and exp...

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Catalysts

capex, margin expansion, geographic expansion, acquisition inorganic

Growth guidance

FY28 revenue growth guided at 35% CAGR driven by capacity utilization improvement and new plant consolidation

RS rating: 71 Stage: Stage 2

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