LT Foods Ltd's earnings have grown by 15.4%, whereas share price has appreciated 21.1% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
LT Foods Ltd share price has appreciated 32.1% annually (CAGR) over the past ten years.
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LT Foods Ltd, incorporated in 1990, as a private limited company is one of the countryâ€™s leading processor and exporter of packaged rice foods under the flagship brand â€œDaawatâ€. The brand is among the top players in the domestic branded Basmati Rice markets. The â€˜Daawatâ€™ brand has been a great success in international markets as well. When it all began about 30 years ago, nobody could have even dreamt that the small trading company that came into being as
LT Foods Ltd, incorporated in 1990, as a private limited company is one of the countryâ€™s leading processor and exporter of packaged rice foods under the flagship brand â€œDaawatâ€. The brand is among the top players in the domestic branded Basmati Rice markets. The â€˜Daawatâ€™ brand has been a great success in international markets as well. When it all began about 30 years ago, nobody could have even dreamt that the small trading company that came into being as Lalchand Tirathram Mills could one day be on its way to become a leading global food company. In 1965, Bhikiwind, in a little village in Amritsar (Punjab, India); Raghunath Arora started a small trading company which grew from being a commissioning agent to a partnership firm by 1977, as Lalchand Tirathram Rice Mills.
In 1978 V K Arora joined the family business with his father, with a clear vision of taking his company to a global level. In 1980, the company started exporting Premium Rice. This was the first step towards making this vision a reality.
Simultaneously, the company decided to face the challenges in domestic markets by setting up a modern, state-of-the-art rice factory in Sonepat, Haryana in 1984. Unorganized players with inconsistent quality products were crowding the market. In this scenario, V K Arora felt the need to promote branded and packaged products. In line with this vision, the company started the business of milling, processing and marketing of branded basmati rice and manufacturing of rice food products in the domestic and overseas market.
Daawat came into being in the 1980s, and this resulted in a steep vertical ascent of the companyâ€™s growth in the 1990s. Further industry innovations followed with complete streamlining of the manufacturing process, removal of bottlenecks, and total modernization of rice manufacturing plant and machinery and its balancing capacity. Moving ahead of the market, V K Arora introduced 1kg and 5 kg packs of rice in the market, as per consumersâ€™ requirements. Quality based procurement, state of the art milling plants, product quality and customer focus are a few things Daawat has always been known for.
To increase the acceptability of LT Overseas products globally, the company has taken the lead in implementing industry best manufacturing practices & obtaining internationally acclaimed certifications. LT Overseas (now LT Foods Ltd) was among the first few in the rice industry to obtain the ISO 9001-2000 certification. Presently LT Food has obtained certifications like HACCP, SQF, BRC, and Organic and EIC.
The company has a strong distribution network in all major basmati consuming cities in India with more than a hundred distributors in each state. L T Overseas has also made inroads into more than 50 countries across the globe including markets like USA, Canada, UK , EU, middle east and Africa.
Product range of the company includes:
Subsidiaries of the company
Milestones & Achievements:
2007-08 Staple Distribution Company launched in domestic market to cater to the demands of modern retail.
State of the art plant set up in the Mandideep, Bhopal (MP.)
Acquired a top US Company, Kusha Inc; Kusha's brand, Royal is among the top 20 US brands: Company's share of the US market goes upto 52%.
2006-07 Inauguration of Silos Complex
Increase in capacity from 18 MTPH to 27 MTPH
2005-06 Awarded Udyog Ratna by PHD chamber of commerce and industry presented by Shri Bhupinder Singh Hooda Chief Minister , Haryana for valuable contribution to Economic Development of Haryana
2004-05 India Star Award from India Institute pf Packaging.
Enhanced the capacity in Bahalgarh unit from 10TPH to 12 TPH , making the owned capacity to 18 MTPN.2003-04
Award from APEDA for export promotion and quality development of Basmati rice
2002-03 Received the right to use APEDA certification mark Quality products of India for export
Enhanced the capacity in Bahalgarh unit TPH to 10 TPH , making the total capacity to 16 MTPH2001-02
Registered and launched the brand Daawat in Canada
Obtained ISO 9000:2000 certification
Obtained HACCP certification of SQF (Safe Quality Food)20000CM for comprehensive food safety and Quality management systems
2000-01 Started the processing facility at Bahalgharh Unit of 4 TPH
Registered and launched the brand Daawat in Australia
1999-2000 Recognised as Star Trading House by Government of India
Registered and launched the brand Daawat in Mauritius Saudi Arabia and New Zealand
1998-99 Took over the business of Lal Chand Tirath Ram Rice Mill having capacity of 6 TPH1997-98
Awarded APEDA Export award for outstanding contribution to promotion of agricultural and processed food products during the year 1996-97
1995-96 Certificate of merit was awarded by APEDA for Significant contribution in the export of India long grain rice
Registered the brand Dawat in united States of America
1994-95 Set up own milling capacity
1993-94 Converted into a public Limited Company
1990-91 Incorporation of our company as a Private limited company