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Patanjali Foods Ltd (PATANJALI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500368 NSE: PATANJALI Edible Oil | Mid Cap | Patanjali Foods Share Price

₹341 0.50 (0.15%)

As on 11-Sep'26 16:59

Patanjali Foods Ltd (PATANJALI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500368 NSE: PATANJALI Edible Oil | Mid Cap | Patanjali Foods Share Price

₹341 0.50 (0.15%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹37,105 Cr.
Current Price
₹341
52-Week Low / High
₹328 / 615
TTM EPS
₹18.1
TTM Sales
₹42,776 Cr.
Book Value per Share
₹122
P/E Ratio
18.84
Lower than its 5-year historical median
Industry PE
34.5
Price to Book (P/B)
2.80
Lower than its 5-year historical median
Price to Sales (P/S)
0.87
Lower than its 5-year historical median
EV/EBITDA
18.24
Lower than its 5-year historical median
Dividend Yield
1.47%
Profitability Efficiency
Return on Equity (ROE)
15.00%
Underperforms industry median
Return on Capital Employed (ROCE)
10.61%
Underperforms industry median
Return on Assets (ROA)
10.67%
Operating Profit Margin
4.4%
Net Profit Margin
4.52%
Gross Profit Margin
4.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.99%
Operating Profit Growth (1 Year)
-
-10.48%
Net Profit Growth (1 Year)
-
39.5%
Asset Quality
Promoter Holding
68.25%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹13,052 Cr.
Equity
₹217.6 Cr.
Face Value
₹2
All Time Low / High
₹0.87 / 676.67

Patanjali Foods stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Patanjali Foods Ltd a good quality company?
Patanjali Foods Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Patanjali Foods Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Patanjali Foods Ltd vs industry peers?
Patanjali Foods Ltd revenue CAGR is 5.84%, compared to the industry median CAGR of 8.46%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Patanjali Foods Ltd?
Promoters hold 68.25% of the Patanjali Foods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Patanjali Foods Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 47.6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Patanjali Foods Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % -10.8%-115.7%2.8%149.1%12.1%16.3%13.5%11.2%15.6%10.6%-
Value Creation
Index
-1.8NA-0.89.70.10.50.20.00.4-0.1-

Growth Parameters

Sales 18,52711,99412,72913,11816,31924,20531,52531,74233,75840,17042,776
Sales YoY Gr.--35.3%6.1%3.1%24.4%48.3%30.2%0.7%6.4%19%-
Adj EPS -38-169.82.783.522.526.524.67.112.117.818.1
YoY Gr.-NANA3017.2%-73.1%17.8%-7.1%-71%69.6%47.5%-
BVPS (₹) 31.3-139.3-137.2114137.4165272.193.9103.6118.9122
Adj Net
Profit
-1,240-5,54387.52,4716657838917741,3131,9401,971
Cash Flow from Ops. 577882240-60.9241724-3391,746198-333-
Debt/CF from Ops. 98.233-59.415.25.1-4.30.64-8.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9%19.7%8.4%19%
Adj EPS NA-4.5%-10.2%47.5%
BVPS16%-2.8%-24.1%14.8%
Share Price 47.6% -0.8% -7.9% -42.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-70.9314.5-1.9-446.317.915.311.17.712.215.915
Op. Profit
Mgn %
-3.6-41.71.1-40.55.96.24.24.25.94.44.6
Net Profit
Mgn %
-6.7-46.20.718.84.13.22.82.43.94.84.6
Debt to
Equity
5.1-1.6-1.81.10.90.80.20.10.10.2-
Working Cap
Days
177146626364596575849851
Cash Conv.
Cycle
31-8-33940374145475627

Valuation of Patanjali Foods - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Sales30,27029,85728,49931,56130,24019,17312,02712,72933,75840,170
Operating Expenses + 29,51629,10427,89130,93830,12119,91917,13512,65631,80238,418
Manufacturing Costs1,0271,0431,1621,2711,1338538388951,8452,197
Material Costs26,97626,65225,16428,30127,42616,65710,23110,94327,85233,715
Employee Cost 125162202225224193160153553638
Other Costs 1,3891,2471,3641,1411,3372,2165,9076641,5521,869
Operating Profit 754753608623119-746-5,108731,9561,751
Operating Profit Margin (%) 2.5%2.5%2.1%2.0%0.4%-3.9%-42.5%0.6%5.8%4.4%
Other Income + 3134503212009710837120132183
Exceptional Items 00052233000-199
Interest 7226767126131,43997297114395133
Depreciation 150166177160167159143139268248
Profit Before Tax 19636140102-1,393-1,736-6,186-881,7261,354
Tax 108773925-80-374-4370425-461
Profit After Tax 88284178-1,313-1,362-5,748-881,3011,814
PAT Margin (%) 0.3%1.0%0.0%0.3%-4.3%-7.1%-47.8%-0.7%3.9%4.5%
Adjusted EPS (₹)0.92.70.00.8-13.0-13.4-57.6-0.112.016.7
Dividend Payout Ratio (%)12.30%3.90%0%6.70%0%0%0%0%27.80%30%
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,2152,4202,3662,2552,431921-4,707-4,71911,25612,934
Share Capital 696969696565656572218
Reserves 2,1462,3512,2982,1872,366856-4,773-4,78411,18412,716
Debt +5,8967,0833,4743,7925,0895,3317,5028,2457812,784
Long Term Debt8751,1231,1217218380731600
Short Term Debt5,0205,9602,3533,0715,0065,2517,4288,2297812,784
Minority Interest315012398-58-109-226-30400
Trade Payables4,4675,2986,0366,4686,2764,8872,5441,8692,5872,311
Others Liabilities 2,0061,9712,0962,2483,5102,4932,6812,873796559
Total Liabilities 14,61416,82214,09514,86117,24813,5237,7947,96415,42018,588

Fixed Assets

Net Fixed Assets +2,4972,6612,7042,4555,6715,5375,3895,2415,5535,530
Gross Block3,3763,7253,9643,9906,0516,0676,0586,0297,4317,632
Accumulated Depreciation8791,0641,2601,5353815306707881,8782,101
CWIP 235206143112422928279551
Investments 1421621681539150443115824
Inventories4,1613,5633,7423,1602,4811,2391,1911,2626,2107,282
Trade Receivables3,3514,8565,1986,7576,8195,2852832641,5852,407
Cash Equivalents 3,3154,2961,029578313160178431296777
Others Assets 9131,0781,1111,6461,8311,2236807081,5232,516
Total Assets 14,61416,82214,09514,86117,24813,5237,7947,96415,42018,588
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Cash Flow From Operating Activity + 715-2,0303,946-271-412441979225197-333
PBT 19636140102-1,354-1,686-6,186-881,7261,354
Adjustment 5773594072911,5961,9216,311330442634
Changes in Working Capital 14-26563527-660-613180853-41-1547-2343
Tax Paid -72-94-28-4-4126024-42323
Cash Flow From Investing Activity + -214791131041786-68-98-14-840
Capex -493-325-177-33-51-4-17-140-970
Net Investments -23-21-76464561610285
Others 302425297736246-73-1212445
Cash Flow From Financing Activity + 1,011588-4,234-3563-669-970-7-6111,680
Net Proceeds from Shares 51156000002366
Net Proceeds from Borrowing 133247-1-401000000
Interest Paid -662-623-665-551568-895-970-7-77-124
Dividend Paid -17-11-11-5-5000-291-263
Others 1,552963-3,612954022600-2672,001
Net Cash Flow 1,512-1,363-174-169168-141-59120-428507
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'25Mar'26
Ratios
ROE (%)412.310.043.37-56.12-81.24N/AN/A39.7915
ROCE (%)12.1211.399.411.310.63-10.09N/AN/A22.3410.61
Asset Turnover Ratio2.351.91.852.191.881.251.131.622.892.36
PAT to CFO Conversion(x)8.13-7.153946-3.47N/AN/AN/AN/A0.15-0.18
Working Capital Days
Receivable Days365064.2068.9081.90115.2084.507.901018.10
Inventory Days44.3047.1046.6039.803435.4036.9035.2040.4061.30
Payable Days56.3066.9082.2080.6084.80122.30132.6073.6029.2026.50

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Patanjali Foods Ltd FAQs

The current trading price of Patanjali Foods on 11-Sep-2026 16:59 is ₹341.0.

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 10-Sep-2026 the market cap of Patanjali Foods stood at ₹37,104.5 Cr

The latest P/E ratio of Patanjali Foods as of 10-Sep-2026 is 18.83.

The latest P/B ratio of Patanjali Foods as of 10-Sep-2026 is 2.80.

The 52-week high of Patanjali Foods is ₹614.6 and the 52-week low is ₹328.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patanjali Foods is ₹42,776 ( Cr.) .

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

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

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.

About Patanjali Foods Ltd

Patanjali Foods is a public limited company engaged primarily in the business of processing of oil-seeds, refining of crude oil for edible use, production of oil meal, food products from soya and value added products from downstream and upstream processing. The company is also engaged in the fast-moving consumer goods (FMCG), fast-moving health goods (FMHG) and home & personal care (HPC) business comprising mainly of food, biscuits, nutraceutical, home care, skin care, dental care and hair care products. The company is also engaged in generation of power from wind energy and trading in various products. The company has manufacturing plants across India and is listed on the BSE and National Stock Exchange of India (NSE). 

The company owns a diverse portfolio of brands, including Nutrela, Mahakosh, Sunrich, and Doodh, among others. Over the years, it has made strategic acquisitions to evolve into a pureplay FMCG company and built a resilient portfolio comprising of renowned brands across Food and FMCG, Home and Personal Care and Edible Oils categories. Each offering is rooted in the promise of purity, backed by modern research and tailored to the lifestyle of the new-age Indian consumer.

Business area of the company

The company has evolved from a commodity-led business into a purpose-driven FMCG powerhouse, rooted in Indian values and driven by innovation. With a stronghold in edible oils, soya foods and growing presence in HPC, FMCG, and renewables, it is shaping a healthier, self-reliant future through strategic diversification, sustainability and stakeholder-centric growth. 

Business segments 

  • Food and FMCG
  • Edible Oils
  • Oil Palm Plantations
  • Personal Care and Home Care
  • Wind Power Generation

Awards and accolades

2022-23

  • India’s Most Trusted Company by ET Ascent.
  • Nutrela Nutrition was awarded Best Indian Food Brand – 2022.
  • Safety & Quality Company of the Year and the Best Manufacturing Company of the Year at the India Dairy Summit & Awards 2023.

2023-24

  • Best Palm oil Brand Award March, 2023
  • Food Packaging Award September 21, 2023.
  • Functional Food of the year Award.
  • Nutraceutical Company of the Year 2023.

2024-25:

  • Best Food Supply Company of the Year - 22nd Edition Bharat Food Safety Nutrition and Packaging Summit & Awards 2024.
  • Nutrela - Most Preferred Brand 2024-25 - by MarksmenDaily.
  • Trendsetter Campaign of the Year Award 2025 (Nutrela TVC Digital Campaign) - by Times Applaud.
  • Workplace Safety & Health Initiative of the Year - National Feather Awards.
  • Best Environment-Friendly Initiative of the Year - National Feather Awards.

Major events and milestones

  • 2019: Patanjali Consortium acquired Ruchi Soya for Rs 43.5 billion.
  • 2020: Launched premium edible oils, honey, and high protein atta under the Nutrela brand.
  • 2021: Acquired biscuits, cookies & rusk businesses from PNBPL for Rs 600 million.
  • 2021: Transferred noodles and breakfast cereal businesses from Patanjali Ayurved (PAL).
  • 2021: Launched nutraceutical business.
  • 2022: Successful completion of Rs 43 billion Follow on Public Offer (FPO).
  • 2022: Pre-payment of entire debt; Company becomes debt-free.
  • 2022: Change of name to 'Patanjali Foods Ltd.'
  • 2022: Acquired food retail business from PAL on slump sale basis for Rs 6.9 billion.
  • 2024: Acquired HPC business from PAL on slump sale basis for Rs 11 billion.
  • 2025: Patanjali Foods inks pact with Ministry of Food Processing Industries.

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