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BSE: 500368 | NSE: PATANJALI | Edible Oil | Mid Cap
1. Is Patanjali Foods Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Patanjali Foods Ltd is a average quality company.
2. Is Patanjali Foods Ltd 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.
3. Is Patanjali Foods Ltd 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 9.6% | 6.3% | -2.2% | -9% | -111% | 3% | 48.9% | 12.6% | 11.8% | 10% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.6 | -1.2 | -1.6 | NA | -0.8 | 2.5 | 0.1 | 0.1 | -0.1 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 24,381 | 28,308 | 27,692 | 18,527 | 11,994 | 12,729 | 13,118 | 16,319 | 24,205 | 31,525 | 32,081 | ||
| YoY Gr. Rt. % | - | 16.1% | -2.2% | -33.1% | -35.3% | 6.1% | 3.1% | 24.4% | 48.3% | 30.2% | - | ||
| Adj EPS ⓘ | 7 | -0.5 | -32.3 | -38 | -169.8 | 2.7 | 83.5 | 22.5 | 26.5 | 24.6 | 20.3 | ||
| YoY Gr. Rt. % | - | -107.4% | NA | NA | NA | NA | 3017.2% | -73.1% | 17.8% | -7.1% | - | ||
| BVPS (₹) ⓘ | 69.7 | 65.8 | 75.7 | 31.3 | -139.3 | -137.2 | 114 | 137.4 | 165 | 272.1 | 274.4 | ||
| Adj Net Profit ⓘ | 235 | -17.2 | -1,054 | -1,240 | -5,543 | 87.5 | 2,471 | 665 | 783 | 891 | 733 | ||
| Cash Flow from Ops. ⓘ | 3,451 | -508 | -90.3 | 577 | 882 | 240 | -60.9 | 241 | 724 | -339 | - | ||
| Debt/CF from Ops. ⓘ | 0.9 | -7.2 | -58.1 | 9 | 8.2 | 33 | -59.4 | 15.2 | 5.1 | -4.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 2.9% | 21.3% | 34% | 30.2% | ||||||||
| Adj EPS ⓘ | 15% | NA | -33.5% | -7.1% | ||||||||
| BVPSⓘ | 16.3% | NA | 33.7% | 64.9% | ||||||||
| Share Price | 42.6% | 180.1% | 31.8% | -9.8% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 10 | -0.8 | -45.1 | -70.9 | 314.5 | -1.9 | -446.3 | 17.9 | 15.3 | 11.1 | 7.4 | |
| Op. Profit Mgn % ⓘ | 3.6 | 2.1 | 0.3 | -3.6 | -41.7 | 1.1 | -40.5 | 5.9 | 6.2 | 4.2 | 3.3 | |
| Net Profit Mgn % ⓘ | 1 | -0.1 | -3.8 | -6.7 | -46.2 | 0.7 | 18.8 | 4.1 | 3.2 | 2.8 | 2.3 | |
| Debt to Equity ⓘ | 1.3 | 1.7 | 2.1 | 5.1 | -1.6 | -1.8 | 1.1 | 0.9 | 0.8 | 0.2 | - | |
| Working Cap Days ⓘ | 130 | 126 | 139 | 177 | 146 | 62 | 63 | 64 | 59 | 65 | 0 | |
| Cash Conv. Cycle ⓘ | 36 | 32 | 34 | 31 | -8 | -33 | 9 | 40 | 37 | 41 | 0 | |
Sales growth is growing at healthy rate in last 3 years 33.95%
Debt to equity has declined versus last 3 years average to 0.15
Sales growth is good in last 4 quarters at 23.52%
Return on Equity has declined versus last 3 years average to 7.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 20.3 | -0.3 |
| TTM Sales (₹ Cr.) | 32,081 | 12,729 |
| BVPS (₹.) ⓘ | 274.4 | 0 |
| Reserves (₹ Cr.) ⓘ | 9,862 | -4,769 |
| P/BV ⓘ | 4.52 | 0.00 |
| PE ⓘ | 61.24 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 851.70 / 1462.00 |
| All Time Low / High (₹) | 2.62 / 1535.00 |
| Market Cap (₹ Cr.) | 44,886 |
| Equity (₹ Cr.) | 72.4 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 68.5 |
| Pledged * | 99.97 | 99.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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