Ruchi Soya Industries Limited is a prominent player in the oil-seed processing and edible oil refining industry. With a primary focus on processing oil seeds and refining oils for edible purposes, the company holds a significant position in the market.
In this article, we delve into the various facets of Ruchi Soya Industries Limited, exploring its operations, products, market presence, and any notable developments. From its inception to its current standing, we aim to provide a comprehensive overview of this key player in the edible oil sector.
About Patanjali Foods
Following its admission to the National Company Law Tribunal (NCLT), Ruchi Soya Industries Limited underwent a significant transformation in its ownership structure. The Mumbai bench of NCLT approved a resolution plan submitted by a consortium led by Patanjali Ayurveda Pvt Ltd., resulting in a complete makeover of its promoters and Board of Directors. Now majority-owned by various entities within the Patanjali group, the acquisition amounted to Rs 4,350 crores. Ruchi Soya operates primarily in the Food & FMCG segment, boasting a diverse portfolio including foods, biscuits, nutraceuticals, and the well-recognized Nutrela brand.
With over 8 brands, 500+ SKUs, and 242 products, the company leverages its extensive retail network, comprising approximately 1 million outlets as of H1FY24. Furthermore, its Nutrela business, a stalwart in the branded Soya Chunks sector, continues to innovate, introducing premium products such as the ‘Nutrela MaxxNuts’ dry fruit range and ‘Nutrela MaxxMillets’ made from millets, showcasing its commitment to evolving consumer preferences. Additionally, the company is venturing into nutraceuticals, offering a range of products blending Ayurveda and modern science, with 22 products and 35 SKUs, positioning itself as an emerging player in this rapidly growing market segment.
Patanjali Foods’ Q3 performance showcased notable highlights
- In the edible oil segment, the company experienced an increase in value compared to the previous quarter, accompanied by single-digit growth in volumes. Branded sales constituted a significant portion, contributing 75% to the total sales volume.
- Financially, while net sales for the quarter ending September 2023 saw a decline of 8.13% from the previous year, the quarterly net profit soared substantially from Rs 112.29 crore to Rs 254.54 crore. Additionally, the EBITDA increased to Rs 419.20 crore, reflecting a significant improvement over the previous year.
- Within other segments, revenue from the food and FMCG segment remained stable, representing 32% of total revenue, while the biscuits portfolio witnessed an impressive year-on-year growth of over 20%.
- Factors such as muted price volatility, robust domestic demand, and minimal divergence between futures and physical market prices contributed to the company’s positive performance.
- Market reaction was favorable, with Patanjali Foods’ shares gaining nearly 1% on the NSE following the announcement of its healthy Q3 results, trading at Rs 1651.70 at 9:20 am.
- The company advised investors to seek guidance from certified experts before making any investment decisions.
Below are the trading platforms that you can use to purchase Patanjali Foods shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 1,730.16 | 1,504.49 |
| April 2024 | 1,679.77 | 1,460.67 |
| May 2024 | 1,654.94 | 1,439.08 |
| June 2024 | 1,714.52 | 1,490.89 |
| July 2024 | 1,697.38 | 1,475.98 |
| August 2024 | 1,765.27 | 1,535.02 |
| September 2024 | 1,835.88 | 1,596.42 |
| October 2024 | 1,799.88 | 1,565.12 |
| November 2024 | 1,853.88 | 1,612.07 |
| December 2024 | 1,900.23 | 1,652.37 |
Patanjali Foods’ share price target for 2024 indicates a fluctuating trajectory, with forecasts ranging from a minimum of ₹1,439.08 in May to a maximum of ₹1,900.23 in December. This volatility suggests potential opportunities for investors seeking short-term gains. The company’s market capitalization stands at ₹57,993 Cr., with a current share price of ₹1,602 as of March 2nd, 2024.
The stock’s high/low values are recorded at ₹1,741 and ₹852, respectively. Additionally, its P/E ratio is at 70.5, while the book value stands at ₹282. The dividend yield is 0.38%, and the ROCE and ROE are reported at 13.5% and 11.1%, respectively, with a face value of ₹2.00.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,938.23 | 1,490.95 |
| February 2025 | 1,987.93 | 1,529.18 |
| March 2025 | 2,065.46 | 1,588.81 |
| April 2025 | 2,024.96 | 1,557.66 |
| May 2025 | 1,965.98 | 1,512.29 |
| June 2025 | 2,054.45 | 1,580.35 |
| July 2025 | 2,014.17 | 1,549.36 |
| August 2025 | 2,076.46 | 1,597.28 |
| September 2025 | 2,149.14 | 1,653.18 |
| October 2025 | 2,205.01 | 1,696.16 |
| November 2025 | 2,260.14 | 1,738.57 |
| December 2025 | 2,316.64 | 1,782.03 |
In 2025, Patanjali Foods’ share price target demonstrates a consistent upward trend, with projections ranging from a minimum of ₹1,490.95 in January to a maximum of ₹2,316.64 in December. This trajectory suggests promising growth potential for investors in the long term. The company’s focus on the edible oils segment, comprising refining, crushing, and oil palm plantation, is evident through its 22 manufacturing plants boasting substantial capacities.
Additionally, Patanjali Foods’ diverse range of edible oil brands, including Ruchi Gold, Mahakosh, Sunrich, Nutrela, and Patanjali, further solidifies its position in the market, reflecting its commitment to quality and innovation.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,386.14 | 1,835.49 |
| February 2026 | 2,447.33 | 1,882.56 |
| March 2026 | 2,542.77 | 1,955.98 |
| April 2026 | 2,492.91 | 1,917.63 |
| May 2026 | 2,420.30 | 1,861.77 |
| June 2026 | 2,529.22 | 1,945.55 |
| July 2026 | 2,479.62 | 1,907.40 |
| August 2026 | 2,556.31 | 1,966.40 |
| September 2026 | 2,645.79 | 2,035.22 |
| October 2026 | 2,714.58 | 2,088.14 |
| November 2026 | 2,782.44 | 2,140.34 |
| December 2026 | 2,852.00 | 2,193.85 |
In 2026, Patanjali Foods’ share price target continues its upward trajectory, indicating substantial growth prospects for investors. Projections range from a minimum of ₹1,835.49 in January to a maximum of ₹2,852.00 in December, underscoring the company’s positive market outlook. Notably, Patanjali Foods maintains its dominance in the oil palm plantation business, boasting the largest player status in the country based on the allocated area.
Leveraging a Public-Private Partnership (PPP) structure and an asset-light business model, the company’s total cultivation area reaches approximately 68,000 hectares, with rapid expansion evident through increased plantation percentages compared to previous years. With 37 nurseries strategically located across India, including 18 in the northeast, Patanjali Foods demonstrates a robust commitment to sustainable growth and agricultural excellence.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,909.04 | 2,237.72 |
| February 2027 | 2,983.63 | 2,295.10 |
| March 2027 | 3,099.99 | 2,384.61 |
| April 2027 | 3,039.21 | 2,337.85 |
| May 2027 | 2,950.69 | 2,269.76 |
| June 2027 | 3,083.47 | 2,371.90 |
| July 2027 | 3,023.01 | 2,325.39 |
| August 2027 | 3,116.50 | 2,397.31 |
| September 2027 | 3,225.58 | 2,481.22 |
| October 2027 | 3,309.45 | 2,545.73 |
| November 2027 | 3,392.18 | 2,609.37 |
| December 2027 | 3,476.99 | 2,674.61 |
In 2027, Patanjali Foods’ share price target exhibits a robust upward trend, highlighting significant potential for investors. Forecasts range from a minimum of ₹2,237.72 in January to a maximum of ₹3,476.99 in December, indicating a bullish market sentiment. The company’s revenue mix in H1FY24 showcases a shift, with Food & FMCG contributing 28%, compared to 20% in FY23, and Edible Oils constituting 72%, down from 80% in FY23.
Notably, former Indian cricket team captain MS Dhoni has been appointed as the brand ambassador, further enhancing the company’s brand visibility and appeal. This comprehensive strategy reflects Patanjali Foods’ commitment to sustained growth and market expansion.
| When | Maximum Price | Minimum Price |
| January 2028 | 3,546.53 | 2,728.10 |
| February 2028 | 3,637.46 | 2,798.05 |
| March 2028 | 3,779.33 | 2,907.17 |
| April 2028 | 3,705.22 | 2,850.17 |
| May 2028 | 3,597.30 | 2,767.16 |
| June 2028 | 3,759.18 | 2,891.68 |
| July 2028 | 3,685.47 | 2,834.98 |
| August 2028 | 3,799.45 | 2,922.66 |
| September 2028 | 3,932.44 | 3,024.95 |
| October 2028 | 4,034.68 | 3,103.60 |
| November 2028 | 4,135.55 | 3,181.19 |
| December 2028 | 4,238.93 | 3,260.72 |
- January 2028: ₹2,728.10 (Minimum)
- December 2028: ₹4,238.93 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 4,323.71 | 3,325.93 |
| February 2029 | 4,434.58 | 3,411.21 |
| March 2029 | 4,607.53 | 3,544.25 |
| April 2029 | 4,517.18 | 3,474.76 |
| May 2029 | 4,385.61 | 3,373.55 |
| June 2029 | 4,582.97 | 3,525.36 |
| July 2029 | 4,493.10 | 3,456.23 |
| August 2029 | 4,632.07 | 3,563.13 |
| September 2029 | 4,794.19 | 3,687.84 |
| October 2029 | 4,918.84 | 3,783.72 |
| November 2029 | 5,041.81 | 3,878.31 |
| December 2029 | 5,167.85 | 3,975.27 |
- January 2029: ₹3,325.93(Minimum)
- December 2029: ₹5,167.85 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 5,271.21 | 4,054.78 |
| February 2030 | 5,406.37 | 4,158.75 |
| March 2030 | 5,617.22 | 4,320.94 |
| April 2030 | 5,507.08 | 4,236.21 |
| May 2030 | 5,346.68 | 4,112.83 |
| June 2030 | 5,587.28 | 4,297.91 |
| July 2030 | 5,477.72 | 4,213.63 |
| August 2030 | 5,647.14 | 4,343.95 |
| September 2030 | 5,844.79 | 4,495.99 |
| October 2030 | 5,996.75 | 4,612.89 |
| November 2030 | 6,146.67 | 4,728.21 |
| December 2030 | 6,300.34 | 4,846.41 |
- January 2030: ₹4,054.78 (Minimum)
- December 2030: ₹6,300.34 (Maximum)
Patanjali Foods Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023(TTM) | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 12,729 | 13,118 | 16,319 | 24,205 | 31,525 |
| Expenses (Rs. Crores) | 12,603 | 12,712 | 15,362 | 22,715 | 30,231 |
| Operating Profit (Rs. Crores) | 126 | 406 | 957 | 1,491 | 1,294 |
| Other Income (Rs. Crores) | 96 | 7,501 | 64 | 79 | 290 |
| Interest (Rs. Crores) | 7 | 113 | 373 | 358 | 245 |
| Depreciation (Rs. Crores) | 138 | 136 | 133 | 137 | 160 |
| Profit before tax (Rs. Crores) | 77 | 7,658 | 514 | 1,074 | 1,179 |
| Net Profit (Rs. Crores) | 77 | 7,672 | 681 | 806 | 886 |
| EPS (Rs.) | 2.30 | 259.33 | 23.01 | 27.25 | 24.49 |
| Dividend Payout (%) | 0 | 0 | 0 | 18 | 24 |
- Patanjali Foods has demonstrated substantial financial growth over the past five years.
- Sales have consistently increased, more than doubling from Rs. 12,729 crores in 2019 to Rs. 31,525 crores in the trailing twelve months (TTM) of 2023.
- Operating profit has also surged, indicating enhanced operational efficiency and expanded market reach.
- A significant spike in other income was observed in 2020, primarily due to non-operational gains.
- Despite rising expenses and interest payments, the company has maintained a healthy bottom line, with net profits steadily increasing.
- Earnings per share (EPS) have shown positive growth, albeit with fluctuations.
- Patanjali Foods has adopted a progressive dividend payout policy, with the dividend payout percentage gradually rising to 24% in 2023.
- Overall, these financial metrics highlight the company’s robust performance and its ability to adapt to changing market conditions while ensuring profitability and shareholder value.
FAQs
What is the current market capitalization of Patanjali Foods?
The current market capitalization of Patanjali Foods is ₹57,993 Crores.
The current share price target for Patanjali Foods varies from a minimum of ₹1,504.49 to a maximum of ₹1,900.23 as of December 2024.
The share price target for Patanjali Foods in 2025 ranges from a minimum of ₹1,490.95 to a maximum of ₹2,316.64.
The projected share price target for Patanjali Foods in 2030 ranges from a minimum of ₹4,054.78 to a maximum of ₹6,300.34.
What is the current price-to-earnings (P/E) ratio of Patanjali Foods?
The current price-to-earnings (P/E) ratio of Patanjali Foods is 70.5.
What is the dividend payout percentage for Patanjali Foods?
The dividend payout percentage for Patanjali Foods has gradually risen to 24% in 2023.
How has Patanjali Foods’ sales performance evolved over the last five years?
Patanjali Foods’ sales have shown consistent growth, more than doubling from ₹12,729 crores in 2019 to ₹31,525 crores in 2023.
Patanjali Foods’ EPS has shown positive growth, albeit with fluctuations.
Patanjali Foods’ share price gained nearly 1% on the NSE following the announcement of its healthy Q3 results.
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Concluding Remarks: Patanjali Foods’ Strategic Evolution and Financial Strength
In conclusion, Patanjali Foods has navigated a significant transformation following its acquisition by the Patanjali group, showcasing resilience and innovation in the competitive edible oil sector. With a diverse product portfolio and an extensive retail network, the company has cemented its position in the market.
Financially, Patanjali Foods has exhibited impressive growth, with consistent increases in sales and operating profits over the past five years. Moreover, the reduction in debt underscores its commitment to financial stability.
However, investors should be mindful of the stock’s high valuation, trading notably above its book value. Despite this consideration, Patanjali Foods’ strategic evolution and financial strength position it as a promising investment opportunity, offering potential returns for investors who carefully evaluate its valuation metrics.
What did we learn?
- 1 About Patanjali Foods
- 2 Patanjali Foods’ Q3 performance showcased notable highlights
- 3 How to Purchase Patanjali Foods Shares?
- 4 Patanjali Foods Share Price Target 2024 – 2030
- 4.1 Patanjali Foods Share Price Target 2024
- 4.2 Patanjali Foods Share Price Target 2025
- 4.3 Patanjali Foods Share Price Target 2026
- 4.4 Patanjali Foods Share Price Target 2027
- 4.5 Patanjali Foods Share Price Target 2028
- 4.6 Patanjali Foods Share Price Target 2029
- 4.7 Patanjali Foods Share Price Target 2030
- 5 Patanjali Foods Financial Condition: Last 5 Years
- 6 FAQs
- 6.1 What is the current market capitalization of Patanjali Foods?
- 6.2 What is the current share price target for Patanjali Foods?
- 6.3 What is the share price target for Patanjali Foods in 2025?
- 6.4 What is the projected share price target for Patanjali Foods in 2030?
- 6.5 What is the current price-to-earnings (P/E) ratio of Patanjali Foods?
- 6.6 What is the dividend payout percentage for Patanjali Foods?
- 6.7 How has Patanjali Foods’ sales performance evolved over the last five years?
- 6.8 How has Patanjali Foods’ earnings per share (EPS) trended over the last five years?
- 6.9 How has Patanjali Foods’ share price performed in response to its Q3 performance?
- 7 Concluding Remarks: Patanjali Foods’ Strategic Evolution and Financial Strength
