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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹45750 Cr.
Stock P/E
35.2
P/B
3.5
Current Price
₹420.5
Book Value
₹ 120.4
Face Value
2
52W High
₹654
52W Low
₹ 408.6
Dividend Yield
0.83%

Patanjali Foods Overview

Business

Patanjali Foods Ltd. is an Indian fast-moving consumer goods (FMCG) company primarily engaged in the manufacturing and marketing of edible oils, food products, and other consumer goods. It was formerly known as Ruchi Soya Industries Ltd. and was acquired by Patanjali Ayurved Ltd. in 2019. The company's core business involves the processing of oilseeds, refining of crude edible oil, and packaging/selling of branded edible oils (e.g., soyabean, palm, sunflower, mustard). Beyond edible oils, it has diversified into a range of food products including biscuits, noodles, breakfast cereals, nutraceuticals, and other value-added food items, leveraging the broad Patanjali brand. The company makes money by selling its packaged food and edible oil products through an extensive distribution network across India.

Revenue Mix

The company's revenue primarily comes from two major segments:

Edible Oil: This is the largest segment, comprising the processing, refining, and marketing of various edible oils. This segment significantly benefits from the acquired infrastructure and market position of Ruchi Soya.

Food & FMCG: This segment includes a growing portfolio of value-added food products such as biscuits, atta (flour), noodles, honey, juices, nutraceuticals, and other general merchandise under the Patanjali brand.

Specific revenue contributions from each segment are not consistently disclosed in concise public overviews but edible oils typically represent the vast majority of revenue.

Industry

Patanjali Foods operates in the Indian edible oil and broader FMCG sectors. The Indian edible oil industry is large, highly competitive, and largely import-dependent for crude oil. It is also price-sensitive due to the essential nature of the product. Patanjali Foods is one of the largest edible oil players in India, inheriting a significant market share and processing capacity from its predecessor, Ruchi Soya. In the broader FMCG space, it competes with both large established players and regional brands. The company leverages the strong brand recognition and "Swadeshi" (indigenous) appeal of the parent Patanjali group to position its products, especially in the health and wellness segment for its food products.

MOAT

Brand Strength: The Patanjali brand, associated with natural products, Ayurveda, and "Swadeshi" values, enjoys significant trust and recall among a large consumer base in India. This allows Patanjali Foods to command premium positioning for some products and facilitates market entry.

Scale & Integration: As one of India's largest edible oil players, the company benefits from significant scale in procurement, processing, and distribution. It also has a degree of backward integration through oil palm cultivation, which can offer some cost advantages and supply chain stability.

Extensive Distribution Network: Inherited and expanded distribution channels provide wide reach across urban and rural India, facilitating product availability.

Growth Drivers

Rising Edible Oil Consumption: Increasing population, urbanization, and rising disposable incomes in India are expected to drive consistent demand for edible oils.

Diversification into Food & FMCG: Expanding the product portfolio beyond oils into categories like staples, processed foods, and nutraceuticals, leveraging the strong Patanjali brand.

Distribution Expansion: Deepening market penetration, especially in rural and semi-urban areas, and strengthening presence in modern trade channels.

Backward Integration: Increased focus on oil palm cultivation aims to reduce reliance on imported crude oil, improve margins, and ensure supply security.

"Swadeshi" and Health Consciousness: Capitalizing on the growing consumer preference for Indian brands and health-conscious products, which aligns with the Patanjali brand's positioning.

Risks

Commodity Price Volatility: Edible oils are global commodities, and price fluctuations (driven by geopolitics, weather, and supply-demand dynamics) directly impact profitability due to high import dependence for crude oil.

Intense Competition: The Indian edible oil and FMCG markets are highly fragmented and competitive, with numerous domestic and international players.

Regulatory Changes: Changes in import duties, agricultural policies, food safety standards, and labeling regulations can impact operations and costs.

Supply Chain Disruptions: Global events, trade restrictions, or adverse weather conditions can disrupt the supply of raw materials and impact production.

Brand Perception Risk: Any negative publicity or controversy associated with the broader Patanjali group could potentially affect the perception and sales of Patanjali Foods' products.

Management & Ownership

Patanjali Foods Ltd. is promoted by Patanjali Ayurved Ltd., which holds a majority stake. Baba Ramdev and Acharya Balkrishna are the key figures behind the Patanjali group, providing strategic direction and vision. The company's board typically includes professionals with experience in the food and consumer goods industries to manage day-to-day operations and execute business strategy. The promoter group's clear vision for "Swadeshi" products often guides the company's expansion and product development.

Outlook

Patanjali Foods has a unique position in the Indian market, benefiting from its substantial scale in edible oils (inherited from Ruchi Soya) and the powerful "Patanjali" brand. The bullish case hinges on sustained growth in edible oil consumption, successful diversification into a broader food and FMCG portfolio, and effective leveraging of its distribution network and the "Swadeshi" brand appeal. Efforts towards backward integration could also provide long-term stability. However, the company faces significant challenges including intense competition, high exposure to volatile global commodity prices, and potential regulatory shifts. Its ability to navigate these external factors while executing its expansion strategy across multiple product categories will determine its sustained profitability and market share growth.

Patanjali Foods Share Price

Live · BSE / NSE · Inception: 1986
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Patanjali Foods Quarterly Results

#(Fig in Cr.) Jun 2019 Sep 2019 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 3113 3102 7177 8102 8997 9512 8900 9799 10484 11156
Other Income 16 23 25 31 24 53 13 51 57 57
Total Income 3129 3125 7202 8133 9020 9564 8913 9850 10541 11212
Total Expenditure 3077 3006 6767 7639 8439 8996 8579 9247 10049 10710
Operating Profit 52 118 435 493 581 569 334 603 492 502
Interest 43 44 19 20 20 25 24 35 35 36
Depreciation 34 34 57 56 70 85 62 63 62 62
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -30 -169
Profit Before Tax -25 40 359 417 491 458 249 505 364 236
Provision for Tax 0 0 96 108 120 100 68 -12 -229 -288
Profit After Tax -25 40 263 309 371 359 180 517 593 524
Adjustments 20 19 0 -0 0 -0 0 0 -0 0
Profit After Adjustments -4 59 263 309 371 359 180 517 593 524
Adjusted Earnings Per Share -0 0.6 2.4 2.8 3.4 3.3 1.7 4.8 5.5 4.8

Patanjali Foods Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2025 TTM
Net Sales 18183 30270 29857 28499 31561 30240 19173 12027 12729 34157 40339
Other Income 194 313 450 321 200 97 108 37 120 132 178
Total Income 18377 30583 30307 28820 31761 30338 19280 12064 12849 34289 40516
Total Expenditure 17624 29516 29104 27891 30938 30121 19919 17135 12656 32201 38585
Operating Profit 753 1067 1203 929 823 217 -638 -5071 193 2089 1931
Interest 291 722 676 712 613 1439 972 971 143 95 130
Depreciation 124 150 166 177 160 167 159 143 139 268 249
Exceptional Income / Expenses -0 0 0 0 52 2 33 0 0 0 -199
Profit Before Tax 338 196 361 40 102 -1393 -1736 -6186 -88 1726 1354
Provision for Tax 104 108 77 39 25 -80 -374 -437 0 425 -461
Profit After Tax 234 88 284 1 78 -1313 -1362 -5748 -88 1301 1814
Adjustments -9 -1 -11 -1 2 39 50 111 78 0 0
Profit After Adjustments 225 87 273 0 80 -1274 -1312 -5638 -10 1301 1814
Adjusted Earnings Per Share 2.3 0.9 2.7 0 0.8 -13 -13.4 -57.6 -0.1 12 16.8

Patanjali Foods Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2025
Shareholder's Funds 2208 2219 2422 2367 2256 2432 922 -4707 -4719 11371
Minority's Interest 30 31 50 123 98 -58 -109 -226 -304 0
Borrowings 743 875 1123 1121 721 83 80 73 16 0
Other Non-Current Liabilities 226 294 281 301 471 899 461 11 22 -56
Total Current Liabilities 7940 11195 12947 10183 11314 13892 12167 12640 12947 4104
Total Liabilities 11146 14614 16822 14095 14861 17248 13523 7794 7964 15420
Fixed Assets 2233 2497 2661 2704 2455 5670 5537 5389 5241 5553
Other Non-Current Assets 417 481 483 412 406 334 272 218 178 464
Total Current Assets 8495 11636 13678 10979 12000 11243 7711 2183 2542 9399
Total Assets 11146 14614 16822 14095 14861 17248 13523 7794 7964 15420

Patanjali Foods Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2025
Opening Cash & Cash Equivalents 51 304 1816 452 278 71 239 98 39 537
Cash Flow from Operating Activities -977 715 -2030 3946 -271 -412 441 979 225 197
Cash Flow from Investing Activities -223 -214 79 113 104 17 86 -68 -98 -14
Cash Flow from Financing Activities 1450 1011 588 -4234 -3 563 -669 -970 -7 -611
Net Cash Inflow / Outflow 250 1512 -1363 -174 -169 168 -141 -59 120 -428
Closing Cash & Cash Equivalent 304 1816 452 278 109 239 98 39 159 109

Patanjali Foods Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2025
Earnings Per Share (Rs) 2.26 0.87 2.73 0 0.8 -13 -13.39 -57.56 -0.11 11.97
CEPS(Rs) 3.59 2.38 4.49 1.77 2.37 -11.7 -12.28 -57.23 0.52 14.44
DPS(Rs) 0.17 0.11 0.11 0.05 0.05 0 0 0 0 3.33
Book NAV/Share(Rs) 22 22.06 24.07 23.52 22.41 24.82 9.41 -48.06 -48.18 103.62
Core EBITDA Margin(%) 3.07 2.49 2.52 2.13 1.97 0.39 -3.89 -42.47 0.57 5.73
EBIT Margin(%) 3.45 3.02 3.46 2.63 2.26 0.15 -3.99 -43.35 0.43 5.33
Pre Tax Margin(%) 1.86 0.65 1.21 0.14 0.32 -4.61 -9.05 -51.43 -0.69 5.05
PAT Margin (%) 1.29 0.29 0.95 0 0.25 -4.34 -7.1 -47.79 -0.69 3.81
Cash Profit Margin (%) 1.97 0.78 1.5 0.62 0.75 -3.79 -6.27 -46.61 0.4 4.59
ROA(%) 2.45 0.68 1.81 0.01 0.54 -8.18 -8.85 -53.93 -1.12 11.12
ROE(%) 11.42 4 12.31 0.04 3.37 -56.12 -81.24 0 0 39.79
ROCE(%) 11.32 12.12 11.39 9.4 11.31 0.63 -10.09 -102.06 1.46 22.34
Receivable days 41.1 35.99 50.02 64.18 68.93 81.93 115.21 84.49 7.85 9.88
Inventory Days 48.32 44.32 47.08 46.63 39.79 34.04 35.41 36.88 35.17 39.92
Payable days 78.4 56.28 66.87 82.21 80.64 84.8 122.31 132.56 73.6 29.2
PER(x) 15.64 34.89 7.65 0 18.77 0 0 0 0 50.35
Price/Book(x) 1.6 1.37 0.87 0.41 0.67 0.44 0.96 -0.11 -0.05 5.82
Dividend Yield(%) 0.47 0.35 0.51 0.55 0.36 0 0 0 0 0.55
EV/Net Sales(x) 0.33 0.2 0.17 0.13 0.16 0.22 0.35 0.7 0.68 1.93
EV/Core EBITDA(x) 8.08 5.56 4.3 4.09 6.21 30.56 -10.41 -1.66 44.77 31.58
Net Sales Growth(%) 26.48 66.47 -1.36 -4.55 10.74 -4.18 -36.6 -37.27 5.84 168.33
EBIT Growth(%) 34.68 45.88 13.08 -27.5 -4.9 -93.53 -1750.06 -582.41 101.05 3227.86
PAT Growth(%) 31.91 -62.47 223.09 -99.7 8906.88 -1791.69 -3.75 -322.11 98.47 1578.56
EPS Growth(%) 2.01 -61.54 214.1 -99.98 0 -1730.98 -2.99 -329.81 99.82 0
Debt/Equity(x) 2.05 2.82 3.06 1.63 1.86 2.41 6.43 -1.72 -1.88 0.07
Current Ratio(x) 1.07 1.04 1.06 1.08 1.06 0.81 0.63 0.17 0.2 2.29
Quick Ratio(x) 0.67 0.67 0.78 0.71 0.78 0.63 0.53 0.08 0.1 0.78
Interest Cover(x) 2.16 1.27 1.53 1.06 1.17 0.03 -0.79 -5.37 0.38 19.2
Total Debt/Mcap(x) 1.28 2.05 3.53 3.96 2.79 5.37 6.53 15.26 39.96 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +168% +21% +2%
Operating Profit CAGR +982% +20%
PAT CAGR +76%
Share Price CAGR -25% +7% 0% +51%
ROE Average +40% +13% -20% -7%
ROCE Average +22% -26% -18% -3%

Patanjali Foods Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 68.25 %
FII 0 %
DII (MF + Insurance) 21.26 %
Public (retail) 31.75 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.8273.7772.8169.7669.4869.4568.8368.8168.2668.25
FII 0000000000
DII 12.9613.1513.3419.6719.5922.1324.2124.0923.8721.26
Public 26.1826.2327.1930.2430.5230.5531.1731.1931.7431.75
Others 0000000000
Total 100100100100100100100100100100

Patanjali Foods Peer Comparison

Edible Oil Edit Columns

Patanjali Foods Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Patanjali Foods Pros & Cons

Pros

  • Company has delivered good profit growth of 75% CAGR over last 5 years
  • Debtor days have improved from 73.6 to 29.2days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Stock is trading at 3.5 times its book value.
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