L T Foods Ltd

L T Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

L T Foods Ltd

₹ 412 -1.55%
20 Dec - close price
ltgroup.in BSE: 532783 NSE: LTFOODS
About

LT Foods Limited was incorporated in the 1980's. It is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market.

It is also engaged in research and development to add value to rice and rice food products. The Company’s rice product portfolio comprises brown rice, white rice, steamed rice, parboiled rice, organic rice, quick cooking rice, value added rice and flavored rice in the ready to cook segment.

The Company’s subsidiary, Nature Bio Foods Limited (NBFL) drives the ingredient based organic food segment. It has emerged as a trusted brand, offering authentic organic ingredients to consumers across the markets of the US and Europe. [1]

Key Points

Brands
The company owns several rice brands such as Daawat, Royal, Heritage, Devaaya, Gold Seal Indus Valley, 817 Elephant and Kari Kari and Ecolife. [1]. Its flagship Brands “Daawat” and “Royal” enjoy leadership positions in the market of Basmati Rice in India and North America with market share of 30% and 50% respectively. [2]

Website BSE NSE
  • Market Cap ₹ 14,314 Cr.
  • Current Price ₹ 412
  • High / Low ₹ 452 / 160
  • Stock P/E 74.2
  • Book Value ₹ 51.0
  • Dividend Yield 0.36 %
  • ROCE 13.6 %
  • ROE 9.78 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.3%

Cons

  • Stock is trading at 8.09 times its book value
  • Company has a low return on equity of 11.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.81%

* 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: FMCG Industry: Food - Processing - Indian

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
649 720 867 1,049 1,056 881 928 959 1,036 1,058 967 1,053 1,016
603 682 824 1,000 1,001 830 857 900 988 995 898 976 963
Operating Profit 46 38 44 48 56 51 72 59 48 63 69 78 53
OPM % 7% 5% 5% 5% 5% 6% 8% 6% 5% 6% 7% 7% 5%
11 1 7 7 3 7 20 3 17 7 2 3 33
Interest 5 6 7 6 4 6 8 4 3 5 7 4 3
Depreciation 7 8 10 7 7 7 8 9 9 9 12 8 10
Profit before tax 44 26 33 43 47 45 76 50 54 56 52 69 74
Tax % 21% 24% 26% 26% 26% 29% 19% 27% 21% 26% 23% 26% 17%
34 20 24 32 35 32 62 36 42 41 40 51 61
EPS in Rs 1.08 0.63 0.76 0.99 1.09 1.00 1.78 1.04 1.22 1.19 1.15 1.46 1.76
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,654 1,793 1,808 1,814 2,052 2,139 2,193 2,350 2,383 2,840 3,915 4,020 4,095
1,512 1,651 1,681 1,676 1,899 2,000 2,025 2,178 2,199 2,660 3,688 3,781 3,832
Operating Profit 142 142 127 138 153 140 168 172 184 180 227 239 263
OPM % 9% 8% 7% 8% 7% 7% 8% 7% 8% 6% 6% 6% 6%
8 8 34 26 24 17 15 27 22 24 37 29 45
Interest 82 72 90 91 107 85 76 60 34 23 24 19 18
Depreciation 23 22 29 26 23 18 23 26 26 32 29 39 39
Profit before tax 44 57 43 47 47 54 83 113 146 149 211 211 250
Tax % 23% 32% 28% 35% 37% 22% 35% 24% 27% 25% 24% 24%
34 38 31 30 30 42 54 85 106 112 160 160 193
EPS in Rs 1.29 1.46 1.16 1.14 1.12 1.31 1.70 2.66 3.33 3.51 4.62 4.60 5.56
Dividend Payout % 15% 15% 17% 13% 13% 11% 9% 19% 30% 28% 22% 11%
Compounded Sales Growth
10 Years: 8%
5 Years: 13%
3 Years: 19%
TTM: 8%
Compounded Profit Growth
10 Years: 15%
5 Years: 23%
3 Years: 14%
TTM: 12%
Stock Price CAGR
10 Years: 44%
5 Years: 82%
3 Years: 77%
1 Year: 105%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 26 26 26 27 27 32 32 32 32 32 35 35 35
Reserves 219 251 276 302 337 749 810 839 934 1,012 1,533 1,659 1,735
901 836 961 863 884 686 664 568 382 295 47 73 121
129 145 160 141 123 142 192 167 222 551 386 583 283
Total Liabilities 1,275 1,258 1,422 1,333 1,371 1,608 1,697 1,606 1,570 1,890 2,000 2,350 2,174
172 172 182 159 163 191 200 205 200 226 251 263 267
CWIP 8 9 10 17 4 3 18 5 22 11 7 8 24
Investments 58 60 62 62 65 87 128 128 126 123 315 312 309
1,037 1,017 1,169 1,094 1,140 1,327 1,352 1,268 1,222 1,529 1,427 1,767 1,574
Total Assets 1,275 1,258 1,422 1,333 1,371 1,608 1,697 1,606 1,570 1,890 2,000 2,350 2,174

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-16 163 -0 206 88 -26 194 200 273 186 127 77
-21 -21 -36 -11 -13 -68 -94 -0 -38 -31 -232 -21
32 -138 31 -192 -78 92 -99 -201 -234 -147 94 -39
Net Cash Flow -4 4 -5 3 -3 -2 1 -1 1 8 -10 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 52 39 54 58 60 52 38 20 30 18 20
Inventory Days 185 175 168 179 155 185 188 164 194 198 138 163
Days Payable 24 24 19 20 14 22 28 22 36 86 39 59
Cash Conversion Cycle 222 203 188 213 199 223 212 180 178 141 117 124
Working Capital Days 187 166 191 179 174 194 187 164 146 119 93 103
ROCE % 12% 11% 11% 11% 13% 10% 11% 12% 13% 13% 16% 14%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.81% 56.81% 56.81% 56.82% 56.82% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00% 51.00%
1.42% 1.38% 1.90% 4.01% 5.31% 5.04% 6.48% 6.01% 5.73% 5.14% 5.89% 8.03%
3.38% 3.39% 3.09% 3.28% 3.30% 3.00% 3.29% 5.08% 5.12% 4.08% 5.67% 5.76%
38.39% 38.42% 38.20% 35.91% 34.57% 40.94% 39.22% 37.89% 38.15% 39.76% 37.44% 35.19%
No. of Shareholders 1,54,8331,71,4321,66,9731,51,9801,46,7731,50,0651,44,0321,53,3381,63,1961,77,9471,73,5731,93,968

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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