Patanjali Foods Ltd

₹ 1,318 3.58%
05 Dec - close price
About

Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use.

Key Points

New Promoters
Subsequent to Ruchi being admitted to NCLT, the Mumbai bench of NCLT approved the resolution plan submitted by consortium of Patanjali Ayurveda Pvt Ltd. resulting in the complete makeover of its promoters and Board of Directors. Ruchi is now majority owned by various entities / members of Patanjali group. Patanjali group acquired Ruchi Soya for Rs 4,350 crores.
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  • Market Cap 47,722 Cr.
  • Current Price 1,318
  • High / Low 1,495 / 700
  • Stock P/E 58.0
  • Book Value 257
  • Dividend Yield 0.38 %
  • ROCE 17.5 %
  • ROE 17.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 21.2% CAGR over last 5 years

Cons

  • Stock is trading at 5.13 times its book value
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
3,102 3,713 3,191 3,043 3,972 4,465 4,839 5,266 5,995 6,280 6,664 7,211 8,514
2,998 3,527 3,118 2,920 3,732 4,124 4,589 4,935 5,665 5,860 6,258 6,819 8,320
Operating Profit 104 186 73 124 239 341 250 331 330 420 406 392 195
OPM % 3% 5% 2% 4% 6% 8% 5% 6% 6% 7% 6% 5% 2%
14 7,479 -0 14 19 10 21 30 16 21 12 159 11
Interest 2 14 94 92 98 91 90 90 92 88 86 186 11
Depreciation 34 34 34 33 34 33 33 33 34 33 37 33 41
Profit before tax 82 7,617 -55 12 127 227 148 239 220 320 296 332 154
Tax % 0% 0% 25% 0% 0% 0% -112% 27% 25% 27% 21% 27% 27%
Net Profit 82 7,617 -41 12 127 227 314 174 164 234 234 241 112
EPS in Rs 2.45 257.48 -1.39 0.41 4.28 7.69 10.62 5.87 5.55 7.91 7.92 6.66 3.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
16,627 25,996 26,146 24,381 28,308 27,692 18,527 11,994 12,729 13,118 16,319 24,205 28,669
16,083 25,281 25,489 23,820 27,726 27,614 19,202 17,042 12,603 12,712 15,362 22,715 27,257
Operating Profit 544 715 657 561 582 79 -675 -5,047 126 406 957 1,491 1,413
OPM % 3% 3% 3% 2% 2% 0% -4% -42% 1% 3% 6% 6% 5%
135 227 337 230 169 114 138 34 96 7,501 64 79 203
Interest 253 574 537 577 522 1,297 938 857 7 113 373 358 370
Depreciation 120 141 154 164 148 160 156 140 138 136 133 137 144
Profit before tax 306 228 304 50 81 -1,264 -1,630 -6,010 77 7,658 514 1,074 1,101
Tax % 30% 46% 22% 73% 24% 16% 23% 7% 0% -0% -32% 25%
Net Profit 213 122 236 13 61 -1,062 -1,257 -5,573 77 7,672 681 806 822
EPS in Rs 6.41 3.67 7.08 0.40 1.82 -31.77 -37.63 -166.81 2.30 259.33 23.01 27.25 25.59
Dividend Payout % 8% 9% 5% 40% 9% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: 5%
3 Years: 24%
TTM: 39%
Compounded Profit Growth
10 Years: 21%
5 Years: 21%
3 Years: 118%
TTM: -7%
Stock Price CAGR
10 Years: 34%
5 Years: 131%
3 Years: 633%
1 Year: 45%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
69 69 69 69 69 65 67 67 67 207 221 237 72
Reserves 2,087 2,138 2,297 2,270 2,139 2,408 958 -4,614 -4,543 3,312 4,003 4,822 9,234
3,461 4,897 5,718 2,933 3,644 5,252 5,206 7,226 7,914 3,467 3,498 3,518 507
3,936 5,582 6,346 7,041 8,014 8,727 7,026 5,043 4,501 1,030 1,449 3,081 2,800
Total Liabilities 9,551 12,684 14,427 12,310 13,863 16,452 13,256 7,721 7,937 7,868 9,009 11,480 12,613
2,103 2,345 2,480 2,496 2,381 5,637 5,502 5,358 5,224 5,070 4,954 4,900 5,219
CWIP 182 237 213 143 100 42 29 28 27 25 27 28 49
Investments 187 211 283 334 282 146 89 51 31 20 30 42 43
7,078 9,892 11,451 9,336 11,100 10,628 7,636 2,284 2,655 2,752 3,997 6,510 7,303
Total Assets 9,551 12,684 14,427 12,310 13,863 16,452 13,256 7,721 7,937 7,868 9,009 11,480 12,613

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-190 904 -2,028 3,451 -508 -90 577 882 240 -61 241 724
-196 -267 -45 19 23 25 106 -70 -112 -26 -42 -1,384
554 885 378 -3,421 453 77 -671 -856 -7 82 -307 989
Net Cash Flow 168 1,521 -1,695 49 -32 12 12 -45 121 -4 -108 329

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 49 44 59 68 77 84 100 8 8 8 10 12
Inventory Days 71 58 52 57 43 34 28 43 42 44 63 52
Days Payable 87 66 73 91 87 85 118 104 75 5 17 16
Cash Conversion Cycle 33 36 38 35 33 32 10 -54 -25 47 55 48
Working Capital Days 37 25 28 26 32 23 3 -111 -87 43 52 46
ROCE % 11% 13% 11% 9% 10% 0% -11% -116% 3% 6% 12% 18%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
99.03 99.03 98.97 98.94 98.90 98.90 98.90 98.90 98.90 98.90 80.82 80.82
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.35 2.24
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 2.27 2.35
0.97 0.96 1.02 1.05 1.10 1.10 1.10 1.10 1.10 1.09 14.55 14.58

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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