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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹13364 Cr.
Stock P/E
21.8
P/B
3
Current Price
₹384.9
Book Value
₹ 130.2
Face Value
1
52W High
₹518.4
52W Low
₹ 332.3
Dividend Yield
0.78%

LT Foods Overview

Business

LT Foods Ltd. is a global consumer food company primarily engaged in the processing, packaging, and marketing of specialty rice, including Basmati rice, and other organic food products. The company's core business model involves sourcing paddy from farmers, processing it in modern facilities, and distributing finished rice products under various brands globally. It also offers organic staples and convenience foods. LT Foods makes money by selling its branded rice and organic food products to consumers through retail channels, as well as to institutional buyers, both domestically and internationally.

Revenue Mix

LT Foods primarily operates in two main business verticals:

Basmati & Other Specialty Rice: This segment constitutes the largest portion of revenue and includes premium aged Basmati rice and other specialty rice varieties. Key brands include 'Daawat' (India) and 'Royal' (USA).

Organic Food & Convenience Food: This segment includes organic Basmati rice, organic whole grains, organic spices, organic snacks, and ready-to-heat meals, sold under brands like 'Daawat Cuppa Rice', 'Kari Kari', and 'Organic Tattva' (through Nature Bio Foods, a subsidiary).

While specific revenue contribution breakdowns can fluctuate, the Basmati & specialty rice segment historically dominates revenue generation, with the organic and convenience food segments showing growing traction.

Industry

The company operates in the competitive global consumer food industry, with a strong focus on the Basmati rice market. In India, it is a leading player in the branded Basmati rice segment, competing with established brands like India Gate (KRBL Ltd.). Globally, particularly in North America, Europe, and the Middle East, its 'Royal' brand holds a significant market share in the specialty rice category. The industry is characterized by demand for quality, brand loyalty, and efficient supply chain management. LT Foods is positioned as a premium player known for its quality Basmati rice and expanding presence in the organic food space.

MOAT

Strong Brands: 'Daawat' in India and 'Royal' in the USA are well-established and trusted brands with significant consumer recall and loyalty, built over decades.

Global Distribution & Reach: The company has an extensive global distribution network, allowing its products to reach diverse markets across North America, Europe, Middle East, and Asia.

Integrated Operations & Scale: Large-scale processing facilities and an integrated supply chain for Basmati rice provide cost efficiencies and quality control from procurement to packaging.

Product Diversification: Expanding into organic foods and convenience products helps reduce reliance on a single product category and taps into growing consumer trends.

Growth Drivers

Premiumization Trend: Increasing disposable incomes and health consciousness are driving demand for premium Basmati rice and organic food products in both domestic and international markets.

International Market Expansion: Further penetration into existing international markets and exploring new geographies, especially for its 'Royal' and organic brands.

Organic Food Segment Growth: The rising global consumer preference for organic and healthy food options provides a significant tailwind for its Nature Bio Foods subsidiary.

Product Diversification & Value-added Products: Introduction of new convenience foods, ready-to-eat/cook products, and other value-added items can capture new market segments.

Brand Building & Marketing: Continued investment in brand promotion and marketing to strengthen brand equity and capture market share.

Risks

Raw Material Price Volatility: Fluctuations in paddy prices (especially Basmati paddy) due to weather conditions, government policies, or global supply-demand dynamics can impact margins.

Export Regulations & Policies: Any changes in government policies regarding Basmati rice exports (e.g., minimum export price, bans, duties) can significantly affect the company's international business.

Currency Fluctuations: A significant portion of revenue comes from exports, making the company susceptible to adverse currency movements.

Intense Competition: The consumer food and Basmati rice markets are highly competitive, requiring continuous innovation and marketing spend.

Climate Change: Agricultural output, particularly rice cultivation, is vulnerable to adverse climatic events, impacting raw material availability and quality.

Supply Chain Disruptions: Global events, geopolitical tensions, or logistical challenges can disrupt its extensive supply chain.

Management & Ownership

LT Foods is promoted by the Sharma family, with Mr. Vijay Kumar Sharma serving as the Chairman & Managing Director. The promoters have a long history in the rice industry, bringing significant experience and institutional knowledge. The management team has overseen the company's expansion into international markets and diversification into organic foods. The promoter group holds a significant stake in the company, aligning their interests with long-term growth.

Outlook

LT Foods is well-positioned in the premium Basmati rice segment with strong brands and a global footprint. The increasing demand for premium and organic foods, coupled with its established distribution networks, provides clear avenues for growth. However, the company operates in an industry susceptible to raw material price volatility, export policy changes, and intense competition, which can impact profitability and market share. Managing these external factors while executing its growth strategies, particularly in the organic and convenience food segments, will be crucial for sustained performance. The company's strong brand equity and global presence offer resilience, but its performance will also be influenced by agricultural policies, global trade dynamics, and consumer spending patterns.

LT Foods Share Price

Live · BSE / NSE · Inception: 1990
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

LT Foods Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 1942 2075 2071 2108 2275 2228 2464 2766 2809 2907
Other Income 8 17 17 26 13 31 37 7 3 31
Total Income 1950 2092 2088 2134 2288 2260 2501 2772 2812 2938
Total Expenditure 1703 1830 1830 1879 2025 1970 2199 2456 2495 2637
Operating Profit 247 262 258 256 263 290 302 316 317 300
Interest 18 23 19 20 24 26 28 28 35 40
Depreciation 36 45 42 45 46 53 52 60 63 70
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 192 193 198 191 194 211 222 228 219 191
Provision for Tax 51 54 53 49 52 55 60 65 63 53
Profit After Tax 141 139 145 142 141 155 162 163 156 138
Adjustments 10 10 8 7 2 5 6 1 1 -2
Profit After Adjustments 151 149 153 148 143 161 169 164 157 136
Adjusted Earnings Per Share 4.4 4.3 4.4 4.3 4.1 4.6 4.9 4.7 4.5 3.9

LT Foods Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2735 2973 3245 3614 3890 4135 4742 5427 6936 7772 8681 10946
Other Income 45 6 48 36 24 38 32 23 43 50 88 78
Total Income 2780 2980 3293 3650 3915 4173 4773 5451 6979 7822 8770 11023
Total Expenditure 2471 2617 2887 3236 3493 3664 4175 4831 6235 6835 7703 9787
Operating Profit 309 363 406 414 421 509 598 620 744 988 1067 1235
Interest 151 148 157 147 139 132 87 69 82 83 88 131
Depreciation 47 52 55 50 69 91 108 123 127 153 186 245
Exceptional Income / Expenses 0 -44 0 0 0 -4 0 0 0 0 0 0
Profit Before Tax 111 120 194 216 214 277 398 424 563 801 822 860
Provision for Tax 35 47 65 71 76 78 109 114 140 203 210 241
Profit After Tax 76 72 129 144 137 199 289 309 423 598 612 619
Adjustments -4 -0 -12 -10 -11 -15 -15 -17 -20 -4 -6 6
Profit After Adjustments 72 72 117 135 127 185 274 292 403 593 605 626
Adjusted Earnings Per Share 2.7 2.7 4.4 4.2 4 5.8 8.6 9.1 11.6 17.1 17.4 18

LT Foods Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 463 537 665 1179 1329 1481 1755 1998 2757 3372 3854
Minority's Interest 34 34 47 55 105 118 135 151 40 55 0
Borrowings 89 38 64 193 250 230 230 199 261 11 4
Other Non-Current Liabilities 0 -6 -5 4 4 231 236 212 231 463 573
Total Current Liabilities 1858 1854 1953 1818 1877 1727 1737 1780 2011 2116 2949
Total Liabilities 2444 2457 2724 3250 3565 3787 4093 4341 5300 6016 7381
Fixed Assets 370 361 370 563 601 906 880 905 995 1160 1404
Other Non-Current Assets 53 199 225 234 275 248 263 268 357 462 513
Total Current Assets 2021 1897 2128 2453 2689 2632 2950 3167 3948 4394 5464
Total Assets 2444 2457 2724 3250 3565 3787 4093 4341 5300 6016 7381

LT Foods Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 35 18 26 33 19 29 19 17 32 32 50
Cash Flow from Operating Activities 9 297 227 60 103 477 445 517 258 757 463
Cash Flow from Investing Activities -58 -54 -82 -232 -136 -81 -100 -145 -395 -201 -250
Cash Flow from Financing Activities 32 -235 -137 160 44 -404 -346 -358 136 -538 -150
Net Cash Inflow / Outflow -17 8 7 -12 11 -8 -1 15 0 17 62
Closing Cash & Cash Equivalent 18 26 33 19 29 19 17 32 32 50 143

LT Foods Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.74 2.7 4.4 4.21 3.96 5.77 8.57 9.13 11.6 17.09 17.43
CEPS(Rs) 4.65 4.65 6.91 6.08 6.46 9.09 12.43 13.5 15.83 21.61 22.97
DPS(Rs) 0.2 0.15 0.15 0.15 0.15 0.5 1 1 1 2 3
Book NAV/Share(Rs) 17.42 20.06 24.87 36.82 41.56 46.31 54.89 62.46 79.4 97.09 110.98
Core EBITDA Margin(%) 9.64 11.99 11.04 10.46 10.21 11.38 11.65 10.99 9.87 11.76 10.96
EBIT Margin(%) 9.59 8.99 10.82 10.03 9.06 9.9 9.98 9.07 9.08 11.08 10.19
Pre Tax Margin(%) 4.07 4.02 5.98 5.97 5.49 6.7 8.18 7.8 7.93 10.04 9.21
PAT Margin (%) 2.79 2.44 3.98 4 3.53 4.82 5.94 5.7 5.96 7.49 6.85
Cash Profit Margin (%) 4.5 4.17 5.68 5.38 5.31 7.03 8.17 7.96 7.74 9.41 8.93
ROA(%) 3.3 2.96 4.99 4.84 4.03 5.42 7.34 7.33 8.77 10.56 9.13
ROE(%) 17.97 14.56 21.58 15.69 10.97 14.18 17.86 16.48 17.78 19.5 16.94
ROCE(%) 12.96 12.47 15.92 14.49 12.26 13.67 16.15 16.13 19.09 23.27 21.42
Receivable days 42.98 42.57 47.16 47.01 47.04 50.95 41.5 36.92 33.05 30.9 29.18
Inventory Days 180.96 163.37 154.48 160.38 169.81 160.71 149.04 153.83 139.46 150.38 160.62
Payable days 22.55 21.81 28.92 40.14 40.15 34.1 45.99 63.56 74.42 82.74 98.79
PER(x) 3.61 8.35 15.03 20.37 9.88 3.47 6.8 8.55 8.34 11.02 21.88
Price/Book(x) 0.57 1.13 2.66 2.33 0.94 0.43 1.06 1.25 1.22 1.94 3.44
Dividend Yield(%) 2.02 0.66 0.23 0.17 0.38 2.5 1.72 1.28 1.03 1.06 0.79
EV/Net Sales(x) 0.71 0.73 1.03 1.18 0.75 0.51 0.66 0.65 0.61 0.9 1.6
EV/Core EBITDA(x) 6.25 5.97 8.19 10.29 6.89 4.13 5.22 5.68 5.72 7.1 12.98
Net Sales Growth(%) 10.53 8.73 9.13 11.37 7.66 6.29 14.68 14.46 27.79 12.06 11.7
EBIT Growth(%) 7.32 1.9 31.26 3.26 -2.78 16.15 18.61 1.43 30.95 37.04 2.96
PAT Growth(%) -9.89 -5.16 78.37 11.72 -4.82 44.99 45.04 6.96 36.73 41.36 2.38
EPS Growth(%) -7.97 -1.3 62.54 -4.22 -6.04 45.82 48.53 6.61 26.93 47.36 2.02
Debt/Equity(x) 3.67 2.99 2.43 1.31 1.27 1 0.73 0.53 0.34 0.16 0.19
Current Ratio(x) 1.09 1.02 1.09 1.35 1.43 1.52 1.7 1.78 1.96 2.08 1.85
Quick Ratio(x) 0.35 0.32 0.35 0.4 0.44 0.51 0.42 0.46 0.44 0.42 0.37
Interest Cover(x) 1.74 1.81 2.24 2.47 2.54 3.09 5.55 7.16 7.85 10.65 10.38
Total Debt/Mcap(x) 6.47 2.65 0.91 0.56 1.35 2.32 0.69 0.42 0.28 0.08 0.06

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% +17% +16% +12%
Operating Profit CAGR +8% +20% +16% +13%
PAT CAGR +2% +26% +25% +23%
Share Price CAGR -16% +49% +38% +33%
ROE Average +17% +18% +18% +17%
ROCE Average +21% +21% +19% +16%

LT Foods Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 51.01 %
FII 8.74 %
DII (MF + Insurance) 10.3 %
Public (retail) 48.99 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 515151515151515151.0151.01
FII 5.735.145.888.049.339.7910.1610.128.928.74
DII 5.134.085.685.775.876.167.238.349.6310.3
Public 494949494949494948.9948.99
Others 0000000000
Total 100100100100100100100100100100

LT Foods Peer Comparison

Consumer Food Edit Columns

LT Foods Quarterly Price

10-year quarterly close · BSE
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News & Updates

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LT Foods Pros & Cons

Pros

  • Company has delivered good profit growth of 25% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 82.74 to 98.79days.
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