About TBI Corn
TBI Corn is a publicly listed company based in Miraj (India) founded in 1999 by Asha Rajhans and Yogesh L Rajhans. Corn processing services are offered for human and animal consumption. Its website tbicorn.com draws about 18 thousand monthly visits. Its Indian entity Tbi Corn Limited reported revenue of ₹305 Cr. TBI Corn offers products and services including Corn Grits and Indian Yellow Maize. Its focus areas include Food and Agriculture, Food Processing, Food Ingredients and Bulk Ingredients.
Company details
TBI Corn Ltd was established in 1999 in Miraj, India, within the corn grits manufacturing sector. Indian Yellow Maize is processed and supplied by the company for both human consumption and animal feed applications. Operations focus on quality standards, with ISO 22000:2018 and HALAL certifications maintained to support product delivery to clients.
- Headquarters Miraj, India
- Founders Asha Rajhans, Yogesh L Rajhans
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website tbicorn.com
- Legal Name Tbi Corn Limited
- Market Cap₹131 Cr
TBI-SM · NSE
- Share Price₹68.50
-5.19% today
- Revenue₹304 Cr
FY 2025-26 · +43.5% YoY
- EBITDA₹34.82 Cr
Margin 11.5%
- Net Profit₹18.60 Cr
FY 2025-26 · +36.4% YoY
- P/E (TTM)7.3x
P/B 1.1x
Associated legal entities of TBI Corn
TBI Corn is associated with 2 registered companies on The Company Check; the primary company is Tbi Corn Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tbi Corn Limited Listed CIN L15400PN2022PLC212368 | Active | 22 Jun 2022 | Sangli, Maharashtra | ₹305 Cr | 26 | 8 | View details |
| Tbi Corn Limited CIN U15400PN2022PLC212368 | 22 Jun 2022 | Sangli, Maharashtra, India | View details |
Products & Services of TBI Corn
TBI Corn offers a comprehensive portfolio of products and services, including Corn Grits and Indian Yellow Maize.
Corn grits are produced and supplied for use in food industries such as snacks and animal feed.
Indian Yellow Maize is sourced and distributed for domestic and export markets in various applications.
Board of directors of Tbi Corn Limited (TBI Corn)
Tbi Corn Limited is the primary company behind TBI Corn. The board of Tbi Corn Limited currently have 6 directors; the longest-serving is Yogesh Laxman Rajhans, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yogesh Laxman Rajhans DIN 09408693 | Managing Director | 22 Jun 2022 | 4 yrs 4 mo | Tbi Corn Limited |
| Asha Laxman Rajhans DIN 09648158 | Director | 22 Jun 2022 | 4 yrs 4 mo | Tbi Corn Limited |
| Sanjay Ashokrao Kadam DIN 10316346 | Director | 13 Sep 2023 | 3 yrs 1 mo | Tbi Corn Limited |
| Atul Babasaheb Patil DIN 10316348 | Director | 13 Sep 2023 | 3 yrs 1 mo | Tbi Corn Limited |
| Chandrakant Shivaji Mali DIN 10316350 | Director | 13 Sep 2023 | 3 yrs 1 mo | Tbi Corn Limited |
| Ninad Anand Yedurkar DIN 05266899 | Whole-time director | 02 Nov 2023 | 2 yrs 11 mo | Tbi Corn Limited |
People of TBI Corn
2 people are tracked at TBI Corn (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for TBI Corn
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of TBI Corn
TBI Corn is a publicly listed company on the NSE with ticker symbol TBI in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Jun 2024
- Listed onNSE: TBI
- Listed entityTBI Corn Limited
- Exchange sectorProcess industries
- ISININE0N2D01013
- Share price₹70.35 (-3.5% on the day) · 2026-10-14
- Market capitalisation₹132 Cr
- Price to earnings7.0
- EPS (diluted, trailing year)₹10.11
- Volume (last session)7,800
Financials of TBI Corn
Exchange-reported figures of Tbi Corn Limited, the listed company behind TBI Corn (NSE: TBI-SM).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Income statement | |||
| Revenue | 304 | 212 | 158 |
| Revenue growth | +43.5% | +33.7% | - |
| EBITDA | 34.82 | 23.75 | 17.76 |
| EBITDA margin | +11.5% | +11.2% | +11.2% |
| Profit before tax | 24.69 | 18.29 | 13.58 |
| Net profit | 18.60 | 13.64 | 10.10 |
| Net profit margin | +6.1% | +6.5% | +6.4% |
| EPS (₹) | 10.25 | 7.51 | 7.55 |
| Balance sheet | |||
| Total assets | 191 | 166 | 88.63 |
| Net worth | 120 | 101 | 42.82 |
| Total debt | 71.36 | 64.95 | 45.81 |
| Cash & bank | 19.10 | 0.43 | 0.45 |
| Net working capital | 158 | 143 | 74.84 |
| Cash flow | |||
| Cash from operations | 42.18 | (29.56) | (2.83) |
| Cash from investing | (12.35) | (12.03) | (7.86) |
| Cash from financing | (11.16) | 41.58 | 10.84 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 303 | 212 | 158 | 115 |
| Revenue growth | +43.3% | +33.8% | +37.0% | - |
| EBITDA | 34.59 | 23.75 | 17.76 | 10.49 |
| EBITDA margin | +11.4% | +11.2% | +11.2% | +9.1% |
| Profit before tax | 24.44 | 18.29 | 13.58 | 8.51 |
| Net profit | 18.35 | 13.64 | 10.10 | 6.41 |
| Net profit margin | +6.1% | +6.4% | +6.4% | +5.6% |
| EPS (₹) | 10.11 | 7.51 | 7.55 | 14,841.19 |
| Balance sheet | ||||
| Total assets | 189 | 166 | 88.63 | 57.17 |
| Net worth | 120 | 101 | 42.82 | 16.78 |
| Total debt | 69.36 | 64.94 | 45.81 | 40.39 |
| Cash & bank | 18.29 | 0.25 | 0.45 | 0.30 |
| Net working capital | 156 | 143 | 74.84 | 50.44 |
| Cash flow | ||||
| Cash from operations | 33.41 | (29.56) | (2.83) | (16.72) |
| Cash from investing | (12.24) | (12.20) | (7.86) | (7.51) |
| Cash from financing | (3.13) | 41.57 | 10.84 | 24.53 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue | 304 | 212 | 158 |
| Revenue growth | +43.5% | +33.7% | - |
| Other income | 0.96 | 2.11 | 0.96 |
| Total expenses | 269 | 188 | 140 |
| Employee cost | 0.00 | 0.92 | 0.72 |
| EBITDA | 34.82 | 23.75 | 17.76 |
| EBITDA margin | +11.5% | +11.2% | +11.2% |
| Depreciation | 3.07 | 2.18 | 0.81 |
| Interest | 8.02 | 5.39 | 4.33 |
| Profit before tax | 24.69 | 18.29 | 13.58 |
| Tax | 6.09 | 4.65 | 3.48 |
| Net profit | 18.60 | 13.64 | 10.10 |
| Net profit margin | +6.1% | +6.5% | +6.4% |
| EPS (₹) | 10.25 | 7.51 | 7.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 18.16 | 18.16 | 13.38 |
| Reserves & surplus | 102 | 83.24 | 29.44 |
| Shareholders' funds (net worth) | 120 | 101 | 42.82 |
| Minority interest | 0.01 | 0.00 | 0.00 |
| Secured loans | 1.94 | 3.11 | 4.46 |
| Unsecured loans | 69.42 | 61.84 | 41.35 |
| Total debt | 71.36 | 64.95 | 45.81 |
| Total liabilities | 191 | 166 | 88.63 |
| Assets | |||
| Gross block | 26.96 | 20.16 | 9.10 |
| Net block | 20.28 | 16.55 | 7.68 |
| Capital work in progress | 12.68 | 7.23 | 6.25 |
| Investments | 0.02 | 0.02 | 0.02 |
| Inventories | 84.46 | 70.33 | 50.87 |
| Sundry debtors | 76.74 | 45.69 | 30.90 |
| Cash & bank balances | 19.10 | 0.43 | 0.45 |
| Loans & advances | 26.91 | 39.96 | 5.54 |
| Total current assets | 207 | 156 | 87.76 |
| Total current liabilities | 48.75 | 13.65 | 12.92 |
| Net working capital | 158 | 143 | 74.84 |
| Total assets | 191 | 166 | 88.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Opening cash | 0.43 | 0.45 | 0.30 |
| Net cash from operating activities | 42.18 | (29.56) | (2.83) |
| Net cash from investing activities | (12.35) | (12.03) | (7.86) |
| Net cash from financing activities | (11.16) | 41.58 | 10.84 |
| Net change in cash | 18.67 | (0.02) | 0.15 |
| Closing cash | 19.10 | 0.43 | 0.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Growth | |||
| Sales growth | +43.5% | +33.7% | - |
| EBITDA growth | +46.6% | +33.7% | - |
| PBT growth | +35.0% | +34.7% | +9997.0% |
| Net income growth | +36.4% | +35.1% | - |
| Profitability & leverage | |||
| Net income margin | +6.1% | +6.5% | +6.4% |
| Return on capital employed | - | +18.6% | +20.2% |
| Return on net worth | - | +18.9% | +23.6% |
| Debt / equity | - | 0.77 | 1.07 |
| Long-term debt / equity | - | 0.10 | 0.20 |
| Interest cover | 25.26 | 24.99 | 25.55 |
| Efficiency & per share | |||
| Fixed asset turnover | - | 14.46 | 17.39 |
| Inventory turnover | - | 3.49 | 3.11 |
| Debtors turnover | - | 5.54 | 5.12 |
| EPS (₹) | 10.25 | 7.51 | 7.55 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 55.84 | 32.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 303 | 212 | 158 | 115 |
| Revenue growth | +43.3% | +33.8% | +37.0% | - |
| Other income | 0.93 | 2.11 | 0.96 | 0.90 |
| Total expenses | 269 | 188 | 140 | 105 |
| Employee cost | 0.00 | 0.92 | 0.72 | 0.41 |
| EBITDA | 34.59 | 23.75 | 17.76 | 10.49 |
| EBITDA margin | +11.4% | +11.2% | +11.2% | +9.1% |
| Depreciation | 3.07 | 2.18 | 0.81 | 0.62 |
| Interest | 8.01 | 5.39 | 4.33 | 2.26 |
| Profit before tax | 24.44 | 18.29 | 13.58 | 8.51 |
| Tax | 6.09 | 4.65 | 3.48 | 2.26 |
| Net profit | 18.35 | 13.64 | 10.10 | 6.41 |
| Net profit margin | +6.1% | +6.4% | +6.4% | +5.6% |
| EPS (₹) | 10.11 | 7.51 | 7.55 | 14,841.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 18.16 | 18.16 | 13.38 | 0.01 |
| Reserves & surplus | 102 | 83.24 | 29.44 | 16.77 |
| Shareholders' funds (net worth) | 120 | 101 | 42.82 | 16.78 |
| Secured loans | 1.94 | 3.11 | 4.46 | 11.22 |
| Unsecured loans | 67.42 | 61.83 | 41.35 | 29.17 |
| Total debt | 69.36 | 64.94 | 45.81 | 40.39 |
| Total liabilities | 189 | 166 | 88.63 | 57.17 |
| Assets | ||||
| Gross block | 26.93 | 20.16 | 9.10 | 7.51 |
| Net block | 20.25 | 16.55 | 7.68 | 6.89 |
| Capital work in progress | 12.68 | 7.23 | 6.25 | 0.00 |
| Investments | 0.20 | 0.19 | 0.02 | 0.00 |
| Inventories | 79.16 | 70.33 | 50.87 | 46.49 |
| Sundry debtors | 76.39 | 45.53 | 30.90 | 21.06 |
| Cash & bank balances | 18.29 | 0.25 | 0.45 | 0.30 |
| Loans & advances | 28.86 | 39.95 | 5.54 | 2.28 |
| Total current assets | 203 | 156 | 87.76 | 70.13 |
| Total current liabilities | 46.56 | 13.49 | 12.92 | 19.69 |
| Net working capital | 156 | 143 | 74.84 | 50.44 |
| Total assets | 189 | 166 | 88.63 | 57.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 0.25 | 0.45 | 0.30 | 0.00 |
| Net cash from operating activities | 33.41 | (29.56) | (2.83) | (16.72) |
| Net cash from investing activities | (12.24) | (12.20) | (7.86) | (7.51) |
| Net cash from financing activities | (3.13) | 41.57 | 10.84 | 24.53 |
| Net change in cash | 18.04 | (0.20) | 0.15 | 0.30 |
| Closing cash | 18.29 | 0.25 | 0.45 | 0.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +43.3% | +33.8% | +37.0% | - |
| EBITDA growth | +45.6% | +33.7% | +69.3% | - |
| PBT growth | +33.6% | +34.7% | +19.7% | +9997.0% |
| Net income growth | +34.5% | +35.1% | +57.6% | - |
| Revenue CAGR (3Y) | +38.0% | - | - | - |
| EBITDA CAGR (3Y) | +48.8% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +6.1% | +6.4% | +6.4% | +5.4% |
| Return on capital employed | - | +18.6% | +24.6% | +25.1% |
| Return on net worth | - | +18.9% | +33.9% | +49.5% |
| Debt / equity | - | 0.77 | 1.45 | 2.41 |
| Long-term debt / equity | - | 0.10 | 0.38 | 0.83 |
| Interest cover | 25.41 | 24.99 | 25.55 | 22.90 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 14.47 | 19.05 | 20.50 |
| Inventory turnover | - | 3.49 | 3.25 | 3.31 |
| Debtors turnover | - | 5.53 | 6.09 | 7.31 |
| EPS (₹) | 10.11 | 7.51 | 7.55 | 14,841.19 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 55.84 | 32.01 | 29,965.18 |
Web traffic of TBI Corn
The website of TBI Corn (tbicorn.com) receives about 17.9K visits a month.
- Monthly visits17.9K
▲ 975.8% vs previous month
Top companies in Food Processing
2 companies that operate in the same segment as TBI Corn (Food Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Fruits and vegetables processing services are provided by Sahyadri Farms. | 2011 | Nashik, Maharashtra, India | USD 84.86 M | USD 115.08 M | 2,299 | |
Brand of beverage products | 1995 | Gurugram, Haryana, India | USD 133 M | USD 2.33 B | 12,570 |
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Frequently Asked Questions about TBI Corn
TBI Corn was founded in 1999.
TBI Corn is headquartered in Miraj, India. It is registered at Miraj, Maharashtra, India.
The primary company behind TBI Corn, Tbi Corn Limited, reported revenue of ₹305 Cr for FY 2026, up 44% year on year.
TBI Corn Ltd was established in 1999 in Miraj, India, within the corn grits manufacturing sector. Indian Yellow Maize is processed and supplied by the company for both human consumption and animal feed applications. Operations focus on quality standards, with ISO 22000:2018 and HALAL certifications maintained to support product delivery to clients.
TBI Corn offers Corn Grits and Indian Yellow Maize.
Yes, TBI Corn is publicly traded on NSE under the ticker symbol TBI.
TBI Corn operates through Tbi Corn Limited.
The legal entities of TBI Corn currently have 7 directors, including Yogesh Laxman Rajhans, Asha Laxman Rajhans, Sanjay Ashokrao Kadam and others.