Is Patanjali Foods a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Patanjali Foods Ltd is a average quality company .

Is Patanjali Foods undervalued or overvalued?

The key valuation ratios of Patanjali Foods Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Patanjali Foods share price return in the past 10 years?

Patanjali Foods Ltd share price has appreciated 46.6% annually (CAGR) over the past ten years.

Is Patanjali Foods a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Patanjali Foods Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Patanjali Foods Ltd - Stock Valuation and Financial Performance

Name: Patanjali Foods
Brand: Patanjali Foods

BSE: 500368 | NSE: PATANJALI | Edible Oil | Mid Cap

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Patanjali Foods Share Price

₹1,766.95 -88.15 -4.75%
as on 21-Nov'24 14:25

10 Year X-Ray of Patanjali Foods:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.9%	0.5%	-10.8%	-115.7%	2.8%	149.1%	12.1%	16.3%	13.5%	11.2%	-
Value Creation Index ⓘ	-0.2	-1.0	-1.8	NA	-0.8	9.7	0.1	0.5	0.2	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	28,308	27,692	18,527	11,994	12,729	13,118	16,319	24,205	31,525	31,721	31,460
Sales YoY Gr.	-	-2.2%	-33.1%	-35.3%	6.1%	3.1%	24.4%	48.3%	30.2%	0.6%	-
Adj EPS ⓘ	-0.5	-32.3	-38	-169.8	2.7	83.5	22.5	26.5	24.6	21.4	27.5
YoY Gr.	-	NA	NA	NA	NA	3017.2%	-73.1%	17.8%	-7.1%	-13.1%	-
BVPS (₹) ⓘ	65.8	75.7	31.3	-139.3	-137.2	114	137.4	165	272.1	281.7	299.3
Adj Net Profit ⓘ	-17.2	-1,054	-1,240	-5,543	87.5	2,471	665	783	891	774	995
Cash Flow from Ops. ⓘ	-508	-90.3	577	882	240	-60.9	241	724	-339	1,746	-
Debt/CF from Ops. ⓘ	-7.2	-58.1	9	8.2	33	-59.4	15.2	5.1	-4.3	0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.3%	20%	24.8%	0.6%
Adj EPS ⓘ	NA	51.5%	-1.6%	-13.1%
BVPSⓘ	17.5%	NA	27.1%	3.5%
Share Price	46.6%	250.9%	21.7%	29%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-0.8	-45.1	-70.9	314.5	-1.9	-446.3	17.9	15.3	11.1	7.7	9.5
Op. Profit Mgn % ⓘ	2.1	0.3	-3.6	-41.7	1.1	-40.5	5.9	6.2	4.2	4.1	5
Net Profit Mgn % ⓘ	-0.1	-3.8	-6.7	-46.2	0.7	18.8	4.1	3.2	2.8	2.4	3.2
Debt to Equity ⓘ	1.7	2.1	5.1	-1.6	-1.8	1.1	0.9	0.8	0.2	0.1	0
Working Cap Days ⓘ	126	139	177	146	62	63	64	59	65	75	45
Cash Conv. Cycle ⓘ	32	34	31	-8	-33	9	40	37	41	45	28

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.80%

Return on Equity has declined versus last 3 years average to 9.50%

Sales growth is not so good in last 4 quarters at 0.21%

Latest Financials - Patanjali Foods Ltd.

	Standalone	Consolidated
TTM EPS (₹)	27.5	-0.3
TTM Sales (₹ Cr.)	31,460	12,729
BVPS (₹.) ⓘ	299.3	0
Reserves (₹ Cr.) ⓘ	10,763	10,763
P/BV ⓘ	6.20	0.00
PE ⓘ	67.51	0.00

From the Market
52 Week Low / High (₹)	1170.10 / 2030.00
All Time Low / High (₹)	2.62 / 2030.00
Market Cap (₹ Cr.)	67,154
Equity (₹ Cr.)	72.4
Face Value (₹)	2
Industry PE ⓘ	50.4

Management X-Ray of Patanjali Foods:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Patanjali Foods

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Patanjali Foods

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	28,308	27,692	18,527	11,994	12,729	13,118	16,319	24,205	31,525	31,721
Operating Expenses ⓘ	27,726	27,615	19,264	17,043	12,607	18,450	15,363	22,715	30,238	30,435
Manufacturing Costs	1,206	1,134	853	838	895	889	871	1,248	1,713	1,641
Material Costs	25,298	24,961	16,014	10,179	10,943	11,123	13,705	20,539	27,147	26,940
Employee Cost	201	210	187	157	151	153	140	186	278	354
Other Costs ⓘ	1,020	1,310	2,211	5,869	617	6,286	647	743	1,100	1,500
Operating Profit ⓘ	582	78	-737	-5,048	122	-5,332	956	1,491	1,286	1,286
Operating Profit Margin (%)	2.1%	0.3%	-4.0%	-42.1%	1.0%	-40.7%	5.9%	6.2%	4.1%	4.1%
Other Income ⓘ	104	113	93	35	100	5,791	64	79	297	240
Interest ⓘ	522	1,297	875	857	7	113	373	359	245	198
Depreciation ⓘ	148	160	156	140	138	136	133	137	160	269
Exceptional Items ⓘ	65	2	45	0	0	7,448	0	0	0	0
Profit Before Tax ⓘ	81	-1,264	-1,630	-6,010	77	7,658	514	1,074	1,179	1,060
Tax ⓘ	20	-203	-373	-437	0	-14	-166	268	293	295
Profit After Tax	61	-1,062	-1,257	-5,573	77	7,672	681	806	886	765
PAT Margin (%)	0.2%	-3.8%	-6.8%	-46.5%	0.6%	58.5%	4.2%	3.3%	2.8%	2.4%
Adjusted EPS (₹)	1.8	-32.5	-38.5	-170.0	2.4	259.4	23.0	27.3	24.5	21.1
Dividend Payout Ratio (%)	9%	0%	0%	0%	0%	0%	0%	18%	25%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,207	2,472	1,023	-4,549	-4,478	3,371	4,062	4,881	9,847	10,195
Share Capital ⓘ	69	65	65	65	65	59	59	59	72	72
Reserves ⓘ	2,138	2,407	957	-4,614	-4,543	3,312	4,003	4,822	9,774	10,122
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3,248	4,478	4,617	6,650	7,296	3,584	3,494	3,504	1,454	1,048
Long Term Debt	700	62	61	58	16	2,954	2,880	2,706	78	0
Short Term Debt	2,548	4,416	4,556	6,592	7,280	630	614	798	1,376	1,048
Trade Payables	6,176	5,984	5,181	2,908	2,235	165	657	898	1,338	1,588
Others Liabilities ⓘ	2,232	3,518	2,436	2,712	2,884	748	629	2,158	552	346
Total Liabilities ⓘ	13,863	16,452	13,256	7,721	7,937	7,868	8,842	11,441	13,190	13,176
Fixed Assets
Gross Block	3,877	5,996	6,017	6,008	6,008	5,998	6,013	6,092	6,494	6,576
Accumulated Depreciation	1,496	359	515	650	784	928	1,059	1,192	1,346	1,590
Net Fixed Assetsⓘ	2,381	5,637	5,502	5,358	5,224	5,070	4,954	4,900	5,148	4,986
CWIP ⓘ	100	42	29	28	27	25	27	28	80	101
Investmentsⓘ	282	146	89	51	31	20	30	42	38	1,041
Inventories	3,059	2,358	1,239	1,191	1,261	1,355	2,363	2,905	4,070	3,768
Trade Receivables	5,981	6,377	5,075	250	262	274	438	796	1,598	1,434
Cash Equivalents	524	141	144	176	430	455	387	2,016	1,141	834
Others Assetsⓘ	1,536	1,751	1,178	667	702	668	642	753	1,117	1,012
Total Assets ⓘ	13,863	16,452	13,256	7,721	7,937	7,868	8,842	11,441	13,190	13,176

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-508	-90	577	882	240	-61	241	724	-339	1,746
PBT ⓘ	81	-1,264	-1,630	-6,010	77	7,658	514	1,074	1,179	1,060
Adjustment ⓘ	220	1,469	1,878	6,183	112	-7,199	467	422	148	347
Changes in Working Capital ⓘ	-803	-258	339	709	32	-516	-735	-655	-1394	679
Tax Paid ⓘ	-6	-37	-10	0	19	-3	-5	-117	-272	-339
Cash Flow From Investing Activity ⓘ	23	25	106	-70	-112	-26	-42	-1,562	526	-912
Capex	-142	-51	-6	3	-7	-19	-20	-34	-93	-98
Net Investments	118	0	70	0	0	0	1	-60	-697	-808
Others ⓘ	47	76	43	-73	-105	-6	-22	-1,469	1,316	-6
Cash Flow From Financing Activityⓘ	453	77	-671	-856	-7	82	-307	1,167	241	-1,100
Net Proceeds from Shares ⓘ	0	0	0	0	0	205	0	1,297	3,010	0
Net Proceeds from Borrowing ⓘ	-348	0	0	0	0	2,097	46	-166	-2,729	0
Interest Paid ⓘ	-462	82	-799	-856	-7	-75	-336	-299	-139	-85
Dividend Paid ⓘ	-5	-5	0	0	0	0	0	0	-181	-433
Others ⓘ	1,269	0	128	0	0	-2,144	-17	335	280	-583
Net Cash Flow ⓘ	-32	12	12	-45	121	-4	-108	329	428	-266

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	2.69	-45.46	-71.94	N/A	N/A	0	18.32	18.03	12.04	7.64
ROCE (%)	10.85	0.48	-10.82	N/A	N/A	149.12	12.06	16.29	13.45	11.15
Asset Turnover Ratio	2.17	1.83	1.25	1.14	1.63	1.66	1.95	2.39	2.56	2.41
PAT to CFO Conversion(x)	-8.33	N/A	N/A	N/A	3.12	-0.01	0.35	0.9	-0.38	2.28
Working Capital Days
Receivable Days	68	81	113	81	7	7	8	9	14	17
Inventory Days	42	36	35	37	35	36	42	40	40	45
Payable Days	84	89	127	145	86	39	11	14	15	20

Patanjali Foods Ltd Stock News

Patanjali Foods Ltd FAQs

What is the share price of Patanjali Foods?

Company share prices are keep on changing according to the market conditions. The closing price of Patanjali Foods on 21-Nov-2024 14:25 is ₹1,767.

What is the market cap of Patanjali Foods?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:25 the market cap of Patanjali Foods stood at ₹67,153.7.

What is the P/E ratio of Patanjali Foods?

The latest P/E ratio of Patanjali Foods as of 21-Nov-2024 14:25 is 67.51.

What is the P/B ratio of Patanjali Foods?

The latest P/B ratio of Patanjali Foods as of 21-Nov-2024 14:25 is 6.20.

What is the 52-week high and low of Patanjali Foods?

The 52-week high of Patanjali Foods is ₹2,030 and the 52-week low is ₹1,170.1.

What is the TTM revenue of Patanjali Foods?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patanjali Foods is ₹31,460 ( Cr.) .

About Patanjali Foods Ltd

The company is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well recognised brands having pan India presence. It is one of the largest FMCG companies in the Indian edible oil sector and one of the largest fully integrated edible oil refining companies in India. Being the pioneers and largest manufacturers of soya foods has aided its brand ‘Nutrela’ in becoming a household and generic name in India. It is across the entire value chain in palm and soya segment, with a healthy mix of upstream and downstream business.

The company has been allocated zones, to undertake palm plantation, by the Government, which assists it in backward integration of sourcing palm oil. Ruchi Soya is the largest player in terms of allocated zones. Its integration also extends downstream to the oleochemicals and other by-product and derivatives business. It is pioneers in soya chunks which are associated with nutrition and good health. Leveraging upon the brand ‘Nutrela’, it has launched a range of premium edible oils and blended edible oils and ‘Nutrela High Protein Chakki Atta’ and ‘Nutrela Honey’ in Fiscal 2021. Further, it has expanded its packaged food portfolio by acquiring the ‘Patanjali’ product portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals. In Fiscal 2022, it forayed into a niche and a high growth FMHG segment with the launch of its Nutraceutical business. It is also into the wind power generation business, where the renewable power generated is used for sale and for captive use. This also helps it to offset its carbon footprint, to the extent possible.

The company is a part of the Patanjali group, one of India’s leading FMCG and health and wellness company. Their portfolio includes health and ayurvedic products, cosmetics, processed food, beverages and juices, and personal and home care products. It leverages Patanjali’s expertise and technical know-how in nutraceuticals and benefit from the synergy in the research and development and the pan India distribution network.

Business area of the company

Ruchi Soya Industries is one of India’s largest FMCG companies in the edible oil sector, and one of the largest fully integrated edible oil refining companies in the country, with diversified presence in packaged foods and the FMHG (Fast Moving Health Goods) segment. It is part of the Indian conglomerate Patanjali Group, with nationwide presence powering its growth across the segments of its presence. The company has in place strong backward and forward linkages, supported by its presence across the entire value chain in the Soya and Palm segments. It is one of the largest palm plantation companies in the country, which provides it secure access to oil palm for seamless backward business integration. Its integration extends downstream to the Oleochemicals and other by-product and derivatives business. It is also engaged in the wind power generation business, using the renewable power generated at its facilities for sale and for captive use.

Key awards, accreditations or recognitions

2021: The company has been recognized as a “Great Place to Work” by Great Place to Work Institute, India.

Major events and milestones

1986: Incorporation of the company as a public limited company.
2019-20: The Patanjali Resolution Plan as submitted by Patanjali Consortium was approved by the National Company Law Tribunal and successfully implemented.
2019-20: Reclassification of promoters of the company.
2019-20: Patanjali Consortium assumed control over the company, as per the terms of the approved Patanjali Resolution Plan.
2020-21: Launch of three new products under the Nutrela brand, i.e., a high protein chakki atta, premium blended oil and honey.
2021-22: Launch of nutraceutical and wellness products.
2021-22: Acquisition of biscuit division from Patanjali Natural Biscuits Private Limited.
2021-22: Acquisition of the noodles and breakfast cereals by an assignment agreement with Patanjali Ayurved Limited.
2021-22: Execution of Distributor Agreement with Patanjali Ayurved Limited.