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.
Below are the trading platforms that you can use to purchase Patanjali Foods shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 1,935.05 | 1,682.66 |
| October 2024 | 1,897.11 | 1,649.66 |
| November 2024 | 1,973.00 | 1,715.65 |
| December 2024 | 1,992.73 | 1,732.81 |
As we step into September 2024, the maximum price of Patanjali Foods is expected to reach ₹1,935.05, while the minimum price could hover around ₹1,682.66. Moving forward to October 2024, Patanjali Foods’ maximum price is likely to be ₹1,897.11, with a minimum price of approximately ₹1,649.66. In November 2024, the maximum price might touch ₹1,973.00, and the minimum price could settle at ₹1,715.65. Finally, as we approach December 2024, Patanjali Foods’ maximum price could potentially reach ₹1,992.73, while the minimum price might stand around ₹1,732.81.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,012.65 | 1,548.19 |
| February 2025 | 2,032.98 | 1,563.83 |
| March 2025 | 2,075.68 | 1,596.67 |
| April 2025 | 2,055.12 | 1,580.87 |
| May 2025 | 1,995.27 | 1,534.82 |
| June 2025 | 2,085.05 | 1,603.89 |
| July 2025 | 2,044.17 | 1,572.44 |
| August 2025 | 2,107.39 | 1,621.07 |
| September 2025 | 2,132.68 | 1,640.52 |
| October 2025 | 2,188.13 | 1,683.18 |
| November 2025 | 2,242.83 | 1,725.26 |
| December 2025 | 2,343.76 | 1,802.89 |
In 2025, Patanjali Foods is projected to experience price fluctuations with a maximum price starting at ₹2,012.65 and a minimum price of ₹1,548.19 in January. As the year progresses, these prices will see a gradual rise, reaching a maximum of ₹2,343.76 and a minimum of ₹1,802.89 by December.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,414.07 | 1,856.98 |
| February 2026 | 2,353.72 | 1,810.56 |
| March 2026 | 2,400.80 | 1,846.77 |
| April 2026 | 2,449.79 | 1,884.46 |
| May 2026 | 2,425.54 | 1,865.80 |
| June 2026 | 2,486.18 | 1,912.44 |
| July 2026 | 2,437.43 | 1,874.94 |
| August 2026 | 2,512.81 | 1,932.93 |
| September 2026 | 2,563.07 | 1,971.59 |
| October 2026 | 2,629.71 | 2,022.85 |
| November 2026 | 2,695.45 | 2,073.42 |
| December 2026 | 2,762.84 | 2,125.26 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,790.46 | 2,146.51 |
| February 2027 | 2,862.02 | 2,201.55 |
| March 2027 | 2,973.63 | 2,287.41 |
| April 2027 | 2,915.33 | 2,242.56 |
| May 2027 | 2,830.41 | 2,177.24 |
| June 2027 | 2,957.78 | 2,275.22 |
| July 2027 | 2,899.79 | 2,230.61 |
| August 2027 | 2,989.47 | 2,299.59 |
| September 2027 | 3,094.10 | 2,380.08 |
| October 2027 | 3,174.55 | 2,441.96 |
| November 2027 | 3,253.91 | 2,503.01 |
| December 2027 | 3,335.26 | 2,565.59 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,401.97 | 2,616.90 |
| February 2028 | 3,489.20 | 2,684.00 |
| March 2028 | 3,625.28 | 2,788.67 |
| April 2028 | 3,554.19 | 2,733.99 |
| May 2028 | 3,450.67 | 2,654.36 |
| June 2028 | 3,605.95 | 2,773.81 |
| July 2028 | 3,535.25 | 2,719.42 |
| August 2028 | 3,644.58 | 2,803.53 |
| September 2028 | 3,772.14 | 2,901.65 |
| October 2028 | 3,870.22 | 2,977.09 |
| November 2028 | 3,966.98 | 3,051.52 |
| December 2028 | 4,066.15 | 3,127.81 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,147.47 | 3,190.36 |
| February 2029 | 4,253.82 | 3,272.17 |
| March 2029 | 4,419.72 | 3,399.78 |
| April 2029 | 4,333.06 | 3,333.12 |
| May 2029 | 4,206.85 | 3,236.04 |
| June 2029 | 4,396.16 | 3,381.66 |
| July 2029 | 4,309.96 | 3,315.35 |
| August 2029 | 4,443.26 | 3,417.89 |
| September 2029 | 4,598.77 | 3,537.52 |
| October 2029 | 4,718.34 | 3,629.49 |
| November 2029 | 4,836.30 | 3,720.23 |
| December 2029 | 4,957.21 | 3,813.24 |
| When | Maximum Price | Minimum Price |
| January 2030 | 5,056.35 | 3,889.50 |
| February 2030 | 5,186.00 | 3,989.23 |
| March 2030 | 5,388.25 | 4,144.81 |
| April 2030 | 5,282.60 | 4,063.54 |
| May 2030 | 5,128.74 | 3,945.18 |
| June 2030 | 5,359.53 | 4,122.72 |
| July 2030 | 5,254.44 | 4,041.88 |
| August 2030 | 5,416.95 | 4,166.89 |
| September 2030 | 5,606.55 | 4,312.73 |
| October 2030 | 5,752.32 | 4,424.86 |
| November 2030 | 5,896.12 | 4,535.48 |
| December 2030 | 6,043.53 | 4,648.87 |
In 2030, Patanjali Foods’ stock prices are expected to start with a maximum of ₹5,056.35 and a minimum of ₹3,889.50 in January. As we move through the year, these prices are projected to rise consistently, reaching a peak with a maximum of ₹6,043.53 and a minimum of ₹4,648.87 by December.
Patanjali Foods Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 13,118 | 16,319 | 24,205 | 31,525 | 31,721 | 31,127 |
| Expenses + | 12,712 | 15,362 | 22,715 | 30,231 | 30,443 | 29,612 |
| Operating Profit | 406 | 957 | 1,491 | 1,294 | 1,279 | 1,516 |
| OPM % | 3% | 6% | 6% | 4% | 4% | 5% |
| Other Income + | 7,501 | 64 | 79 | 290 | 240 | 226 |
| Interest | 113 | 373 | 358 | 245 | 190 | 184 |
| Depreciation | 136 | 133 | 137 | 160 | 269 | 258 |
| Profit before tax | 7,658 | 514 | 1,074 | 1,179 | 1,060 | 1,300 |
| Tax % | 0% | -32% | 25% | 25% | 28% | |
| Net Profit + | 7,672 | 681 | 806 | 886 | 765 | 940 |
| EPS in Rs | 259.33 | 23.01 | 27.25 | 24.49 | 21.14 | 25.97 |
| Dividend Payout % | 0% | 0% | 18% | 24% | 57% |
The financial performance of the company across the fiscal years ending in March from 2020 to 2024, as well as the trailing twelve months (TTM), shows the following trends:
- Sales Growth: The company experienced steady sales growth from ₹13,118 crore in March 2020 to ₹31,721 crore in March 2024. However, the TTM figure indicates a slight decline to ₹31,127 crore.
- Expenses: Operating expenses followed a similar trend, increasing from ₹12,712 crore in March 2020 to ₹30,443 crore in March 2024. The TTM figure shows a slight reduction in expenses to ₹29,612 crore.
- Operating Profit: Operating profit showed significant growth from ₹406 crore in March 2020 to ₹1,491 crore in March 2022. However, it declined to ₹1,279 crore in March 2024. The TTM operating profit improved slightly to ₹1,516 crore.
- Operating Profit Margin (OPM): The OPM remained low, fluctuating between 3% to 6% over the years, with a slight improvement to 5% in the TTM period.
- Other Income: A notable spike occurred in March 2020 with ₹7,501 crore, which significantly dropped in subsequent years, averaging around ₹64 crore to ₹290 crore.
- Interest and Depreciation: Interest expenses decreased from ₹373 crore in March 2021 to ₹190 crore in March 2024, while depreciation increased from ₹136 crore in March 2020 to ₹269 crore in March 2024.
- Profit Before Tax: Despite some fluctuations, profit before tax remained above ₹1,000 crore from March 2022 onwards, reaching ₹1,060 crore in March 2024 and ₹1,300 crore in TTM.
- Net Profit: Net profit peaked at ₹7,672 crore in March 2020 but declined in subsequent years, reaching ₹765 crore in March 2024, before recovering slightly to ₹940 crore in the TTM period.
- EPS and Dividend Payout: The Earnings Per Share (EPS) saw a peak at ₹259.33 in March 2020, declining to ₹21.14 by March 2024, while the dividend payout percentage increased significantly from 18% in March 2022 to 57% in March 2024.
Overall, the company has seen growth in revenue and operational performance, but profitability has faced pressure in recent years, as reflected in declining EPS and fluctuating profit margins.
FAQs
What is the current market capitalization of Patanjali Foods?
The current market capitalization of Patanjali Foods is ₹68,828 Crores.
The share price target for Patanjali Foods in 2025 ranges from a minimum of ₹1,534.82 to a maximum of ₹2,343.76.
The projected share price target for Patanjali Foods in 2030 ranges from a minimum of ₹3,889.50 to a maximum of ₹6,043.53.
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 73.3.
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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 How to Purchase Patanjali Foods Shares?
- 3 Patanjali Foods Share Price Target 2024 – 2030
- 3.1 Patanjali Foods Share Price Target 2024
- 3.2 Patanjali Foods Share Price Target 2025
- 3.3 Patanjali Foods Share Price Target 2026
- 3.4 Patanjali Foods Share Price Target 2027
- 3.5 Patanjali Foods Share Price Prediction 2028
- 3.6 Patanjali Foods Share Price Target 2029
- 3.7 Patanjali Foods Share Price Target 2030
- 4 Patanjali Foods Financial Condition: Last 5 Years
- 5 FAQs
- 6 Concluding Remarks: Patanjali Foods’ Strategic Evolution and Financial Strength
