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 23.8
  • Book Value ₹ 105
  • Dividend Yield 0.36 %
  • ROCE 21.1 %
  • ROE 19.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 35.8% CAGR over last 5 years

Cons

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,320 1,368 1,526 1,611 1,725 1,778 1,821 1,778 1,978 1,942 2,075 2,071 2,108
1,167 1,219 1,376 1,445 1,553 1,613 1,625 1,564 1,737 1,703 1,830 1,830 1,879
Operating Profit 153 149 151 166 172 166 196 214 240 239 245 241 229
OPM % 12% 11% 10% 10% 10% 9% 11% 12% 12% 12% 12% 12% 11%
3 0 11 9 7 22 34 25 26 20 28 28 35
Interest 16 17 19 17 18 22 26 22 19 18 23 19 20
Depreciation 29 30 35 29 30 32 35 36 36 36 45 42 45
Profit before tax 110 103 108 129 131 133 169 181 211 204 204 208 200
Tax % 27% 25% 30% 26% 27% 25% 22% 24% 26% 25% 27% 25% 25%
81 77 75 95 95 100 132 137 157 153 150 155 151
EPS in Rs 2.40 2.23 2.24 2.80 2.80 2.98 3.69 3.96 4.49 4.35 4.28 4.41 4.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,206 2,459 2,716 2,955 3,245 3,614 3,890 4,135 4,742 5,427 6,936 7,772 8,195
1,989 2,193 2,452 2,598 2,887 3,237 3,490 3,668 4,180 4,835 6,235 6,835 7,241
Operating Profit 217 266 264 357 358 376 400 467 562 592 701 938 954
OPM % 10% 11% 10% 12% 11% 10% 10% 11% 12% 11% 10% 12% 12%
22 16 45 -38 48 36 21 33 31 23 71 99 111
Interest 117 113 151 148 157 147 139 132 87 69 82 83 80
Depreciation 39 37 47 52 55 50 69 91 108 123 127 153 168
Profit before tax 83 131 111 120 194 216 214 277 398 424 563 801 816
Tax % 27% 35% 31% 39% 33% 33% 36% 28% 27% 27% 25% 25%
60 85 76 72 129 144 137 199 289 309 423 598 609
EPS in Rs 2.14 2.98 2.74 2.70 4.40 4.21 3.96 5.77 8.57 9.14 11.60 17.09 17.31
Dividend Payout % 9% 8% 7% 6% 3% 4% 4% 9% 12% 11% 9% 3%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 18%
TTM: 11%
Compounded Profit Growth
10 Years: 22%
5 Years: 36%
3 Years: 29%
TTM: 16%
Stock Price CAGR
10 Years: 44%
5 Years: 82%
3 Years: 77%
1 Year: 105%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 18%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 285 365 436 510 638 1,147 1,297 1,449 1,724 1,966 2,722 3,337 3,619
1,413 1,502 1,692 1,597 1,610 1,548 1,690 1,764 1,570 1,320 1,221 917 1,206
249 299 291 330 460 529 554 573 787 1,042 1,341 1,753 1,013
Total Liabilities 1,973 2,193 2,445 2,464 2,735 3,256 3,573 3,818 4,112 4,359 5,319 6,042 5,873
339 350 370 361 374 566 601 906 880 905 995 1,160 1,148
CWIP 12 19 15 24 40 28 42 17 33 35 27 41 116
Investments 5 5 7 6 14 14 36 33 29 25 127 183 204
1,617 1,819 2,053 2,072 2,308 2,648 2,894 2,862 3,171 3,394 4,170 4,657 4,404
Total Assets 1,973 2,193 2,445 2,464 2,735 3,256 3,573 3,818 4,112 4,359 5,319 6,042 5,873

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
104 9 297 227 60 103 477 445 517 258 757
-52 -58 -54 -83 -233 -137 -83 -101 -145 -395 -201
-45 32 -235 -137 160 44 -404 -346 -358 136 -538
Net Cash Flow 7 -17 8 7 -13 10 -10 -2 15 0 17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 62 48 43 46 52 47 50 55 37 41 35 32
Inventory Days 238 277 249 233 231 251 247 222 267 247 254 249
Days Payable 34 30 18 27 35 50 37 33 60 74 90 88
Cash Conversion Cycle 265 295 273 253 248 248 260 244 244 215 199 193
Working Capital Days 213 214 227 189 185 195 206 189 176 151 138 131
ROCE % 12% 13% 13% 14% 16% 14% 12% 13% 14% 14% 17% 21%

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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