Orkla India Ltd. (ORKLAINDIA) AI Stock Analysis

Orkla India Ltd.

(NSE:ORKLAINDIA)

Select Model

Rating:63Neutral

Price Target:INR 586.00▲(13.12% Upside)

Action:downgraded

Date:08/22/26

The score is driven primarily by strong financial quality—steady growth, solid operating margins, and very low leverage—tempered by volatility in earnings and especially free-cash-flow. Technical indicators are currently a meaningful drag (below key moving averages with negative momentum), while valuation is moderate-to-slightly expensive on a ~25.6 P/E with no dividend yield data to offset.

Positive Factors

Steady Revenue GrowthSteady revenue expansion, together with re-accelerating growth in 2026, indicates continued demand for Orkla India’s packaged-food offerings. If maintained, this top-line trajectory can support operating scale, provide a durable base for reinvestment, and strengthen earnings capacity over the next several quarters.

Negative Factors

Volatile Free Cash FlowThe sharp 2026 free-cash-flow decline after a strong 2025 indicates that cash conversion is not consistently stable. Because free cash flow has remained below net income and was particularly weak in 2023, internal funding capacity may fluctuate and make investment or shareholder-return planning less predictable.

Orkla India Ltd. (ORKLAINDIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 71.99B
Dividend Yield: ―
Average Volume (3M): 10.09K
Price to Earnings (P/E): 24.4
Beta (1Y): 0.61
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 2,586
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Orkla India Ltd. Business Overview & Revenue Model

Company Description

Orkla India Ltd. serves as a prominent food company, specializing in the production and global sale of spices and convenience food items. Their extensive product line includes an assortment of blended masalas designed for dishes such as sambar, chick...

How the Company Makes Money

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Orkla India Ltd. Financial Statement Overview

Summary

Strong overall fundamentals: steady revenue growth (re-accelerating in 2026), healthy operating profitability, and an exceptionally low-debt balance sheet with solid returns on equity. The main constraint is consistency—earnings and free-cash-flow have shown noticeable volatility, including a sharp free-cash-flow decline in 2026 and normalization of net margins after an unusually strong 2023.

Income Statement

74Positive

Balance Sheet

88Very Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	25.09B	23.69B	23.30B	21.46B
Gross Profit	8.14B	6.40B	5.79B	5.26B
EBITDA	4.43B	4.24B	3.73B	3.21B
Net Income	2.86B	2.56B	2.26B	3.39B
Balance Sheet
Total Assets	34.02B	31.71B	33.75B	31.02B
Cash, Cash Equivalents and Short-Term Investments	5.67B	3.39B	5.12B	3.09B
Total Debt	628.10M	544.00M	632.50M	948.80M
Total Liabilities	6.52B	7.12B	5.67B	8.61B
Stockholders Equity	27.50B	24.59B	28.07B	22.40B
Cash Flow
Free Cash Flow	2.45B	3.85B	2.60B	1.08B
Operating Cash Flow	2.67B	4.05B	2.99B	1.88B
Investing Cash Flow	-3.14B	2.49B	-2.39B	-1.65B
Financing Cash Flow	-127.70M	-6.13B	-444.80M	-118.80M

Orkla India Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ORKLAINDIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:LTFOODS	76Outperform	INR 131.77B	20.07	―	0.79%	24.34%	3.23%
IN:GOKULAGRO	73Outperform	INR 63.44B	13.60	―	―	21.04%	59.07%
IN:ORKLAINDIA	63Neutral	INR 72.13B	24.41	―	―	―	―
IN:CCL	62Neutral	INR 125.11B	26.86	―	0.61%	24.08%	36.81%
IN:ADFFOODS	60Neutral	INR 25.57B	28.12	―	0.52%	19.44%	31.16%
IN:GOKUL	59Neutral	INR 3.43B	16.39	―	―	15.39%	27.60%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:ORKLAINDIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ORKLAINDIA	Orkla India Ltd.	526.55	-186.85	-26.19%
IN:ADFFOODS	ADF Foods Limited	232.75	13.47	6.15%
IN:CCL	CCL Products (India) Limited	936.95	54.44	6.17%
IN:GOKUL	Gokul Refoils & Solvent Ltd.	34.61	-6.39	-15.59%
IN:GOKULAGRO	Gokul Agro Resources Ltd.	215.00	39.65	22.61%
IN:LTFOODS	LT Foods Limited	379.45	-22.11	-5.51%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 22, 2026

Orkla India Ltd. AI Stock Analysis