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Patanjali Foods

PATANJALI NSE
₹383.90 +9.00 (+2.40%)
P/E
21.19
View as Markdown
MCP
Close 4 Nov 2026 ₹383.90 −189.10 −33.0% 1Y
Start ₹573.00

Key Fundamentals

MidcapConsumer GoodsFMCG

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
12.10%
Debt to Equity
0.21
EPS (TTM)
₹18.12
Book Value
₹120.36
Market Cap
—
P/E (TTM)
21.19
P/B
3.19
ROE
16.00%
Dividend Yield
0.21%
EBITDA
₹1,931 Cr
52W High
₹594.95
52W Low
₹328.20
Day Range
₹373.80 – ₹385.00
Volume
35,87,270

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 100/100

Category scores

Quality
45
Average
Returns, margins, earnings quality 22% weight
Valuation
37
Weak
Cheap vs sector & own history 24% weight
Growth
70
Strong
Sales & profit trajectory 9% weight
Financial Health
77
Strong
Solvency, leverage, coverage 9% weight
Momentum
34
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 23.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.2%

Weaknesses

4
  • Stock is trading at 2.99 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 12.2% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.57%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish5410
OscillatorsBearish342
Moving AveragesStrong Bullish208

Key readings

RSI (14)
60.68
Neutral
MACD (12,26,9)
2.46
Bullish
SMA (50)
361.68
Bullish
SMA (200)
426.34
Bearish

As of

Analyst Rating

Based on 4 analysts
BUY100%

4 of 4 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
4
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.79%
5Y+19.74%
3Y+8.41%
1Y+18.99%
TTM+20.24%

Net profit

Net profit growth by window
10YTurned to profit
5Y+21.66%
3Y+27.00%
1Y+39.51%
TTM+61.69%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹243 Cr
5YTurned negative
3YOutflow narrowed by ₹6 Cr
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+4.10 pp
5Y−1.47 pp
3Y+0.29 pp
1Y−1.41 pp
TTM−0.61 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹18,527 Cr
Mar 2018₹11,994 Cr
Mar 2019₹12,729 Cr
Mar 2020₹13,118 Cr
Mar 2021₹16,319 Cr
Mar 2022₹24,205 Cr
Mar 2023₹31,525 Cr
Mar 2024₹31,742 Cr
Mar 2025₹33,758 Cr
Mar 2026₹40,170 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1,257 Cr
Mar 2018−₹5,573 Cr
Mar 2019₹77.00 Cr
Mar 2020₹7,672 Cr
Mar 2021₹681 Cr
Mar 2022₹806 Cr
Mar 2023₹886 Cr
Mar 2024₹765 Cr
Mar 2025₹1,301 Cr
Mar 2026₹1,815 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹647 Cr +18.1% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

Patanjali Foods Ltd trades at ₹383.9 as of 2026-11-04 with a market cap of ₹41,267 Cr, a trailing PE of 21.19x and a price-to-book of 3.19x. The stock sits 35.5% below its 52-week high of ₹594.95 while TTM profit growth of 78% and TTM sales growth of 20% indicate an acceleration in earnings, though the 1-year stock CAGR of -38% reflects sharp price correction despite improving fundamentals.

Bull Case 8
  • TTM net profit growth of 78% signals a strong earnings acceleration well above the 5-year compounded profit CAGR of 23%
  • Compounded profit growth of 30% over the last 3 years and 23% over 5 years demonstrates sustained earnings momentum
  • Debt-to-equity ratio of just 0.21 indicates a conservatively financed balance sheet with limited leverage risk
  • TTM sales growth of 20% and 5-year compounded sales CAGR of 20% show the top line is scaling meaningfully
  • Last-year ROE of 16% marks an improvement over the 3-year and 5-year average ROE of 12%, suggesting rising capital efficiency
  • The company has maintained a healthy dividend payout ratio of 26.2%, providing some income return alongside growth
  • Trading at ₹383.9, the stock is 35.5% below its 52-week high of ₹594.95, which may offer a more favourable entry valuation compared to recent peaks
  • 10-year stock CAGR of 47% reflects significant long-term wealth creation for early investors
Bear Case 8
  • The stock has delivered a 1-year CAGR of -38%, indicating severe near-term price destruction despite improving earnings
  • Promoter holding has declined by 5.57 percentage points over the last 3 years, raising questions about insider confidence
  • 3-year stock CAGR of -6% shows the market has not rewarded shareholders over the medium term despite profit growth
  • Price-to-book ratio of 3.19x is elevated for a food and edible oil business, where asset-heavy operations typically command lower multiples
  • 3-year and 5-year average ROE of 12% remains modest and below what investors typically expect for a premium-valued FMCG company
  • 10-year compounded sales CAGR of only 4% highlights historically sluggish top-line growth before the recent uptick
  • The apparently low effective tax rate introduces uncertainty about the sustainability of reported bottom-line numbers
  • Dividend yield of just 0.21% offers negligible income return relative to prevailing risk-free rates

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Patanjali Foods faces a minor regulatory setback with a single batch of cow ghee recalled in Madhya Pradesh for failing food safety standards. The company has downplayed the financial impact and plans to appeal the order. No broader operational disruption has been flagged, but repeated product safety incidents could pose reputational risk in the FMCG space. The situation bears monitoring for the appeal outcome and any further regulatory action.

Headwinds 1
  • Cow ghee batch deemed unsafe Oct 24

    A specific batch of Patanjali Foods cow ghee was classified as unsafe by the Madhya Pradesh Food and Drug Administration under the Food Safety and Standards Act, 2006. The recall order was dated October 21, 2026, and received by the company on October 23, 2026.

Neutral 1
  • Recall limited to single batch Oct 24

    Patanjali Foods confirmed the recall pertains solely to one specific batch of cow ghee and stated there is no material impact on its financial or operational activities beyond the value of that batch. The company intends to file an appeal against the FDA Burhanpur order.

Quarterly Results

₹ Cr
PATANJALI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
7,767
7,822
7,911
8,228
7,177
8,102
8,997
9,692
8,766
9,777
10,484
11,156
11,337
Expenses
7,599
7,427
7,567
7,851
6,767
7,639
8,439
9,176
8,445
9,225
10,049
10,710
10,794
Operating Profit
169
395
344
377
410
463
558
516
321
552
435
445
543
OPM %
2.2%
5%
4.3%
4.6%
6%
6%
6%
5%
3.7%
6%
4.2%
4%
4.8%
Other Income
43
24
47
120
25
31
24
53
13
51
27
−112
4
Interest
25
24
25
116
19
20
20
25
24
35
35
36
41
Depreciation
68
60
60
81
57
56
70
85
62
63
62
62
53
PBT
120
335
306
300
359
417
491
458
249
505
365
236
453
Tax %
27%
24%
29%
31%
27%
26%
24%
22%
27%
−2%
−63%
−122%
26%
Net Profit
88
255
217
206
263
309
371
359
180
517
594
524
336
EPS (₹)
0.81
2.34
1.99
1.9
2.42
2.85
3.42
3.3
1.66
4.75
5.46
4.82
3.09

Profit & Loss

₹ Cr
PATANJALI profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
28,308
27,692
18,527
11,994
12,729
13,118
16,319
24,205
31,525
31,742
33,758
40,170
42,754
Expenses
27,726
27,614
19,202
17,042
12,603
12,712
15,362
22,715
30,231
30,435
31,801
38,407
40,778
Operating Profit
582
79
−675
−5,047
126
406
957
1,491
1,294
1,307
1,957
1,762
1,976
OPM %
2.1%
0.3%
−3.6%
−42%
1%
3.1%
6%
6%
4.1%
4.1%
6%
4.4%
4.6%
Other Income
169
114
138
34
96
7,501
64
79
290
220
132
−27
−29
Interest
522
1,297
938
857
7
113
373
358
245
198
95
133
148
Depreciation
148
160
156
140
138
136
133
137
160
269
268
248
240
PBT
81
−1,264
−1,630
−6,010
77
7,658
514
1,074
1,179
1,060
1,726
1,354
1,559
Tax %
24%
−16%
−23%
−7%
0%
0%
−32%
25%
25%
28%
25%
−34%
—
Net Profit
61
−1,062
−1,257
−5,573
77
7,672
681
806
886
765
1,301
1,815
1,970
EPS (₹)
0.61
−10.59
−12.54
−55.6
0.77
86.45
7.67
9.09
8.16
7.05
11.98
16.68
18.12
Div. Payout %
9%
0%
0%
0%
0%
0%
0%
18%
24%
28%
28%
22%
—

Balance Sheet

₹ Cr
PATANJALI balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
67
65
65
65
65
59
59
59
72
72
72
218
Reserves
2,139
2,408
958
−4,614
−4,543
3,312
4,003
6,112
9,774
10,133
11,299
12,880
Borrowings
3,646
5,252
5,208
7,227
7,916
3,614
3,660
3,696
1,454
1,049
788
2,789
Other Liabilities
8,012
8,727
7,024
5,042
4,500
883
1,286
1,613
1,943
2,008
3,359
2,917
Total Liabilities
13,863
16,452
13,256
7,721
7,937
7,868
9,009
11,480
13,244
13,262
15,518
18,803
Fixed Assets
2,381
5,637
5,502
5,358
5,224
5,070
4,954
4,900
5,148
4,963
5,516
5,323
CWIP
100
42
29
28
27
25
27
28
80
101
95
51
Investments
282
146
89
51
31
20
30
42
38
1,041
223
124
Other Assets
11,100
10,628
7,636
2,284
2,655
2,752
3,997
6,510
7,978
7,157
9,684
13,305
Total Assets
13,863
16,452
13,256
7,721
7,937
7,868
9,009
11,480
13,244
13,262
15,518
18,803

Cash Flow

₹ Cr
PATANJALI cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−508
−90
577
882
240
−61
241
724
−339
1,746
198
−333
Investing
23
25
106
−70
−112
−26
−42
−1,562
526
−912
−36
−851
Financing
453
77
−671
−856
−7
82
−307
1,167
241
−1,100
−611
1,680
Net Cash Flow
−32
12
12
−45
121
−4
−108
329
428
−266
−449
497
Free Cash Flow
−650
−141
571
884
233
−80
220
690
−433
1,649
101
−1,278
CFO/EBITDA
−86
−68
−87
−17
174
−14
26
56
−5
160
32
−20

Ratios

PATANJALI financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
77
84
100
8
8
8
10
12
18
16
17
22
Inventory Days
43
34
28
43
42
44
63
52
55
51
81
79
Days Payable
87
85
118
104
75
6
17
16
18
22
34
25
Cash Conversion Cycle
33
32
10
−54
−25
46
55
48
55
46
65
76
Working Capital Days
−1
−36
−87
−312
−295
26
35
31
40
33
53
51
ROCE %
10%
0%
−11%
−116%
3%
6%
12%
16%
14%
11%
16%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Patanjali Foods insights

64 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 68.25%
  • DIIs 12.51%
  • FIIs 7.24%
  • Public 7.24%
  • Others 4.76%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Patanjali Foods

What does Patanjali Foods Ltd do?
Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use.
Where is Patanjali Foods Ltd (PATANJALI) listed?
Patanjali Foods Ltd trades as PATANJALI on the NSE and under code 500368 on the BSE.
Which sector does Patanjali Foods Ltd belong to?
Patanjali Foods Ltd is classified under the FMCG sector, in the FMCG Products industry.
What is the PE ratio of Patanjali Foods Ltd?
Patanjali Foods Ltd trades at a PE ratio of 21.19 as of 4 Nov 2026, on earnings per share of ₹18.12, against a book value of ₹120.36 per share.
What is the 52-week high and low of Patanjali Foods Ltd?
Over the last 52 weeks Patanjali Foods Ltd has traded between ₹328.2 and ₹594.95 as of 4 Nov 2026.
Does Patanjali Foods Ltd pay dividends?
Patanjali Foods Ltd has a dividend yield of 0.21%.
What is the Return on Equity (ROE) of Patanjali Foods Ltd?
Patanjali Foods Ltd reported a return on equity of 16.00%. Its debt-to-equity ratio is 0.21.

Company Information

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

Website patanjalifoods.com
CEO Mr. Sanjeev Kumar Asthana PGDIT, PGDRM
Employees 7,444
Listed 24 Jan 2020
Face Value ₹2

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