---
title: "RCL Foods Ltd (530923) — Share Price, Financials & Analysis"
symbol: "530923"
company: "RCL Foods Ltd"
canonical: "https://tapetide.com/stocks/530923"
isin: "INE008F01014"
bse_code: "530923"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
generated_at: "2026-09-13T18:53:17.716Z"
---

# RCL Foods Ltd (530923)

Canonical page: https://tapetide.com/stocks/530923

## Company

- **BSE Code:** 530923
- **ISIN:** INE008F01014
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2008-02-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rclfoods.in

## About

RCL FOODS is a leading food producer and holds a varied portfolio of prominent and much-loved food brands.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Stock is trading at 3.09 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.33% over past five years.
- Company has a low return on equity of -8.66% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 55.6 to 104 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -93% | -18% | — |
| revenue growth | -22% | 1% | -4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.54 | 0.3 | 0.32 | 0.33 | 0.57 | 0.28 | 0.2 | 0.03 | 0.33 | 0.25 | 0.16 | 0.1 |
| Expenses | 0.64 | 0.28 | 0.3 | 0.33 | 0.53 | 0.23 | 0.23 | 0.05 | 0.53 | 0.32 | 0.2 | 0.18 |
| Operating Profit | -0.1 | 0.02 | 0.02 | 0 | 0.04 | 0.05 | -0.03 | -0.02 | -0.2 | -0.07 | -0.04 | -0.08 |
| OPM % | -18.52 | 6.67 | 6.25 | 0 | 7.02 | 17.86 | -15 | -66.67 | -60.61 | -28 | -25 | -80 |
| Other Income | 0 | 0.04 | 0 | -0.21 | 0 | 0.07 | 0.01 | 0 | 0.24 | 0 | 0 | 0 |
| Interest | 0.03 | 0 | 0.01 | 0.01 | 0.09 | 0.01 | 0.01 | 0.01 | 0.09 | 0.01 | 0.01 | 0.01 |
| Depreciation | 0.18 | 0 | 0 | 0 | 0.29 | 0 | 0 | 0 | 0.29 | 0 | 0 | 0 |
| Profit before tax | -0.31 | 0.06 | 0.01 | -0.22 | -0.34 | 0.11 | -0.03 | -0.03 | -0.34 | -0.08 | -0.05 | -0.09 |
| Tax % | -6.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.29 | 0.06 | 0.01 | -0.22 | -0.34 | 0.11 | -0.03 | -0.03 | -0.34 | -0.08 | -0.05 | -0.09 |
| EPS in Rs | -0.64 | 0.13 | 0.02 | -0.48 | -0.75 | 0.24 | -0.07 | -0.07 | -0.75 | -0.18 | -0.11 | -0.2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.06 | 5.05 | 3.16 | 1.36 | 0.9 | 1.06 | 1.25 | 1.29 | 1.09 | 0.84 |
| Expenses | 0.15 | 5.38 | 2.99 | 1.33 | 0.91 | 0.92 | 1.43 | 1.6 | 1.22 | 1.23 |
| Operating Profit | -0.09 | -0.33 | 0.17 | 0.03 | -0.01 | 0.14 | -0.18 | -0.31 | -0.13 | -0.39 |
| OPM % | -150 | -6.53 | 5.38 | 2.21 | -1.11 | 13.21 | -14.4 | -24.03 | -11.93 | -46.43 |
| Other Income | 0.01 | 0 | 0.09 | -0.22 | 0.28 | -0.11 | -0.2 | 0.25 | 0.25 | 0.24 |
| Interest | 0 | 0 | 0.09 | 0.02 | 0.2 | 0.26 | 0.05 | 0.11 | 0.05 | 0.12 |
| Depreciation | 0.01 | 0.04 | 0.1 | 0.1 | 0.09 | 0.08 | 0.18 | 0.29 | 0.23 | 0.29 |
| Profit before tax | -0.09 | -0.37 | 0.07 | -0.31 | -0.02 | -0.31 | -0.61 | -0.46 | -0.16 | -0.56 |
| Tax % | 0 | 16.22 | 28.57 | 6.45 | 50 | 16.13 | -3.28 | -8.7 | -18.75 | — |
| Net Profit | -0.09 | -0.43 | 0.05 | -0.33 | -0.02 | -0.37 | -0.59 | -0.42 | -0.13 | -0.56 |
| EPS in Rs | -0.2 | -0.95 | 0.11 | -0.73 | -0.04 | -0.81 | -1.3 | -0.92 | -0.29 | -1.24 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.18 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 | 4.55 |
| Reserves | -1.21 | -0.31 | -0.74 | -0.68 | -1.02 | -1.04 | -1.41 | -1.99 | -2.41 | -2.54 |
| Borrowings | 1.3 | 1.3 | 0.31 | 0.55 | 0.01 | 2.07 | 1.19 | 1.05 | 1.71 | 0.77 |
| Other Liabilities | 0.06 | 0.08 | 1.16 | 0.29 | 0.79 | 0.28 | 0.37 | 0.24 | 0.67 | 0.97 |
| Total Liabilities | 3.33 | 5.62 | 5.28 | 4.71 | 4.33 | 5.86 | 4.7 | 3.85 | 4.52 | 3.75 |
| Fixed Assets | 1.84 | 2 | 0.32 | 0.64 | 0.6 | 0.52 | 0.72 | 0.67 | 0.89 | 0.71 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.64 | 0.79 | 1 | 1.33 | 0.84 | 1.72 | 1.22 | 0.48 | 0.59 | 0.24 |
| Other Assets | 0.85 | 2.83 | 3.96 | 2.74 | 2.89 | 3.62 | 2.76 | 2.7 | 3.04 | 2.8 |
| Total Assets | 3.33 | 5.62 | 5.28 | 4.71 | 4.33 | 5.86 | 4.7 | 3.85 | 4.52 | 3.75 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.03 | -1.9 | -0.55 | 726.85 | -0.14 | -0.19 | -0.76 | -0.36 | 0.26 | 0.07 |
| Cash from Investing Activity | 0.03 | -0.37 | 1.49 | -725.48 | 0.09 | -0.83 | 0.7 | 1.05 | -0.92 | 0.94 |
| Cash from Financing Activity | 0 | 2.38 | -0.99 | 4.24 | 0.03 | 1.04 | 0.03 | -0.64 | 0.6 | -0.98 |
| Net Cash Flow | 0 | 0.11 | -0.05 | 5.61 | -0.02 | 0.02 | -0.03 | 0.04 | -0.06 | 0.02 |
| Free Cash Flow | -0.03 | -2.08 | 1.1 | 299.54 | -0.19 | -0.19 | -1.04 | -0.48 | -0.21 | 0.01 |
| CFO/OP | 75 | 2111 | 167 | 427559 | -367 | 1700 | -543 | 200 | -100 | -54 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 3163.33 | 143.11 | 64.68 | 142.24 | 73 | 34.43 | 20.44 | 42.44 | 103.81 |
| Inventory Days | — | 3066 | 33.11 | 21.95 | 118.09 | 239.34 | 576.32 | 182.5 | 116.6 | 131.81 |
| Days Payable | — | 584 | 89.63 | 17.84 | 239.75 | 89.75 | 163.29 | 43.64 | 30.42 | 55.76 |
| Cash Conversion Cycle | — | 5645.33 | 86.58 | 68.8 | 20.58 | 222.59 | 447.46 | 159.3 | 128.62 | 179.85 |
| Working Capital Days | — | 15938.33 | 195.87 | 241.41 | 456.25 | 940.89 | 685.24 | 589.84 | 588.53 | 505.64 |
| ROCE % | -1.21 | -2.04 | 7.87 | 3.75 | 1.76 | 3.07 | 5.65 | -2.02 | -8.58 | -3.32 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Dec 2017 |
| --- | --- | --- | --- |
| Promoters | 24.14% | 24.14% | 24.14% |
| Public | 75.86% | 75.86% | 75.86% |
| No. of Shareholders | 2678 | 2687 | 2568 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 24.14% | 24.14% | 24.14% | 24.14% | 24.14% | 24.14% | 24.14% | 24.14% |
| Public | 75.86% | 75.86% | 75.86% | 75.86% | 75.86% | 75.86% | 75.86% | 75.86% |
| No. of Shareholders | 2678 | 2675 | 2678 | 2686 | 2687 | 2685 | 2685 | 2568 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 6 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 41.39 | Buy |
| EMA (10) | 42.26 | Buy |
| SMA (20) | 44.9 | Buy |
| EMA (20) | 42.58 | Buy |
| SMA (50) | 41.68 | Buy |
| EMA (50) | 42.77 | Buy |
| SMA (100) | 44.63 | Buy |
| EMA (100) | 44.09 | Buy |
| SMA (200) | 47.85 | Sell |
| EMA (200) | 47.62 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.82 | Neutral |
| MACD (12,26,9) | -0.25 | Sell |
| Stochastic (14,3,3) | 49.93 | Neutral |
| ADX (14) | 16.6 | Neutral |
| Williams %R (14) | -25.02 | Neutral |
| ATR (14) | 3.17 | High Volatility |
| ROC (12) | 4.68 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 48.22 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Q3 results approved; interim dividend Rs2/share (record Feb13); JV with Cochin Shipyard; Rs27.75cr exceptional charge. | [Board Meeting Outcome for Approved The Unaudited Financial Results For The Quarter Ended On December 31, 2025 And Declared A Dividend Of Re.2/- (Rupees Two) Per Equity 7 Feb - Q3 results approved; interim dividend Rs2/share (record Feb13); JV with Cochin Shipyard; Rs27.75cr exceptional charge.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/313ba17f-1f30-488d-9178-e19ec144d179.pdf) |
| 31 Jan - Rs.575 Crore order from Integral Coach Factory for On-board KAVACH Ver.4.0; 12-month completion. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 31 Jan - Rs.575 Crore order from Integral Coach Factory for On-board KAVACH Ver.4.0; 12-month completion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6b9342dd-fbf0-4b1f-ade6-0c2223eea7c4.pdf) |
| 28 Jan - Cochin Shipyard board approved proposed JV with HBL for marine electric mobility; HBL 60%, CSL 40%, consideration TBD. | [Intimation To Stakeholders 28 Jan - Cochin Shipyard board approved proposed JV with HBL for marine electric mobility; HBL 60%, CSL 40%, consideration TBD.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e73d9d0e-f75a-4f6b-b5d0-0b5875fcee77.pdf) |
| 19 Jan - Board meeting Feb 07, 2026 to approve unaudited results for quarter ended Dec 31, 2025 and consider interim dividend. | [Board Meeting Intimation for To Consider Financial Results And Interim Dividend 19 Jan - Board meeting Feb 07, 2026 to approve unaudited results for quarter ended Dec 31, 2025 and consider interim dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bc7695a-756c-4a5c-8a1d-27d5433a201d.pdf) |
| 18 Feb - CARE reaffirmed CARE A+ (Positive) and CARE A1+ on Feb 17, 2026; working-cap withdrawn; total facilities Rs.798.75 crore. | [Announcement under Regulation 30 (LODR)-Credit Rating 18 Feb - CARE reaffirmed CARE A+ (Positive) and CARE A1+ on Feb 17, 2026; working-cap withdrawn; total facilities Rs.798.75 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12ac6196-9312-49e4-ac8d-62b22a2eb4cb.pdf) |
| 11 Feb - BLW issued LoA to HBL for Rs.800.36 Crore KAVACH supply; 12-month completion. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Feb - BLW issued LoA to HBL for Rs.800.36 Crore KAVACH supply; 12-month completion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9e11ce6d-269f-4a94-9219-aa8ded8925ed.pdf) |
| — | [Standalone Financial Results, Limited Review Report for December 31, 2017 31 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04437FD2_8748_47FB_8797_C3836BA729D9_093154.pdf) |
| — | [Standalone Financial Results, Limited Review Report for June 30, 2017 31 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9FB0999C_7053_4986_8A9D_95785823B03E_093201.pdf) |
| — | [Standalone Financial Results, Limited Review Report for September 30, 2017 31 May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1CDEC352_AFC9_4251_BFA7_3BDD1D5784FE_093208.pdf) |
| — | [Standalone Financial Results, Limited Review Report for December 31, 2017 31 May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/04437FD2_8748_47FB_8797_C3836BA729D9_093154.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2023 | [Concall - Sep 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/769685c8-5512-465a-bfa8-433645e26f17.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf42f239-a7c1-4192-824c-7f3d15347c6f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_HBLPOWER_2010_2011_20062012125556.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8867270e-616f-4352-9592-cc4e30cd1cfb.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83e65e50-2435-4498-8f48-307c43871afc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/837ffb2d-ee43-495f-a01b-9716c2d81926.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/75551517271.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/70560517271.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/65489517271.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/5172710319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/5172710318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/517271/5172710317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:53:17.716Z.