MarketFriction

Patanjali Foods Ltd

NSE PATANJALI · BSE 500368 · Edible Oil
₹355.15 -2.16%
NSE close2026-10-01
52 week range328.20 - 614.05
Market cap₹40,412 Cr.
P/E18.6
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty FMCG Pledge No price band Delivery 30.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7,8227,9118,2287,1778,1028,9979,6928,7669,77710,48411,15611,337
Expenses7,4277,5677,8516,7677,6398,4399,1768,4459,22510,04910,71010,794
Operating Profit395344377410463558516321552435445543
OPM %5%4.3%4.6%6%6%6%5%3.7%6%4.2%4.0%4.8%
Other Income244712025312453135127-1124
Interest2425116192020252435353641
Depreciation606081575670856263626253
Profit before tax335306300359417491458249505365236453
Tax %24%29%31%27%26%24%22%27%-2%-63%-122%26%
Net Profit255217206263309371359180517594524336
EPS in Rs2.341.991.902.422.853.423.301.664.755.464.823.09
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales27,69218,52711,99412,72913,11816,31924,20531,52531,74233,75840,17042,754
Expenses27,61419,20217,04212,60312,71215,36222,71530,23130,43531,80138,40740,778
Operating Profit79-675-5,0471264069571,4911,2941,3071,9571,7621,976
OPM %0.3%-3.6%-42%1.0%3.1%6%6%4.1%4.1%6%4.4%4.6%
Other Income11413834967,5016479290220132-27-29
Interest1,297938857711337335824519895133148
Depreciation160156140138136133137160269268248240
Profit before tax-1,264-1,630-6,010777,6585141,0741,1791,0601,7261,3541,559
Tax %-16%-23%-7%0%-0%-32%25%25%28%25%-34%
Net Profit-1,062-1,257-5,573777,6726818068867651,3011,8151,970
EPS in Rs-10.59-12.54-55.600.7786.457.679.098.167.0511.9816.6818.12
Dividend Payout %0%0%0%0%0%0%18%24%28%28%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth4%20%8%20%
Compounded Profit Growth14%23%30%78%
Stock Price CAGR49%1%-3%-36%
Return on Equity%12%12%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6765656565595959727272218
Reserves2,1392,408958-4,614-4,5433,3124,0036,1129,77410,13311,29912,880
Borrowings3,6465,2525,2087,2277,9163,6143,6603,6961,4541,0497882,789
Other Liabilities8,0128,7277,0245,0424,5008831,2861,6131,9432,0083,3592,917
Total Liabilities13,86316,45213,2567,7217,9377,8689,00911,48013,24413,26215,51818,803
Fixed Assets2,3815,6375,5025,3585,2245,0704,9544,9005,1484,9635,5165,323
CWIP10042292827252728801019551
Investments282146895131203042381,041223124
Other Assets11,10010,6287,6362,2842,6552,7523,9976,5107,9787,1579,68413,305
Total Assets13,86316,45213,2567,7217,9377,8689,00911,48013,24413,26215,51818,803
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-508-90577882240-61241724-3391,746198-333
Cash from Investing Activity2325106-70-112-26-42-1,562526-912-36-851
Cash from Financing Activity45377-671-856-782-3071,167241-1,100-6111,680
Net Cash Flow-321212-45121-4-108329428-266-449497
Free Cash Flow-650-141571884233-80220690-4331,649101-1,278
CFO/OP-86%-68%-87%-17%174%-14%26%56%-5%160%32%-20%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7784100888101218161722
Inventory Days433428434244635255518179
Days Payable8785118104755171618223425
Cash Conversion Cycle333210-54-2547554855466576
Working Capital Days-1-36-87-312-29526353140335351
ROCE %10%0%-11%-116%3%6%12%16%14%11%16%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.82%73.82%73.77%72.81%69.76%69.48%69.45%68.83%68.81%68.26%68.25%68.25%
FIIs10.63%10.93%10.58%10.30%14.39%13.32%13.42%12.99%12.24%10.82%9.20%8.53%
DIIs2.21%2.02%2.57%3.04%5.28%6.28%8.71%11.22%11.85%13.04%12.06%11.05%
Public13.32%13.23%13.07%13.86%10.57%10.92%8.42%6.94%7.08%7.86%10.49%12.16%
No. of Shareholders2,73,6452,64,1132,58,6522,41,4262,29,9082,27,6632,11,0012,12,8192,15,1142,18,0482,14,6232,24,173

Fundamentals

Market Cap₹ 40,412 Cr.
Current Price₹ 371
Stock P/E18.6
Book Value₹ 120
ROCE12.1 %
ROE16.0 %
Dividend Yield1.35 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)78%
Standalone figures.
Valuation
Market capRs 38,644 Cr
Enterprise valueRs 40,686 Cr
P/E (TTM)19.61x
Price to book2.95x
Price to sales0.90x
EV / EBITDA20.91x
EV / EBIT23.84x
EV / sales0.95x
Earnings yield5.10%
Dividend yield1.06%
P/E, 3-year average21.82x
P/B, 3-year average2.44x
P/E, 5-year average18.07x
P/B, 5-year average2.01x
Profitability
Operating margin (excl. other income)4.39%
Operating margin (incl. other income)4.32%
EBITDA margin4.55%
Pre-tax margin3.65%
Net profit margin4.61%
Net margin, latest quarter2.96%
ROE14.83%
ROCE10.61%
ROA10.58%
ROE, 3-year average11.51%
ROCE, 3-year average12.44%
ROA, 3-year average8.46%
ROE, 5-year average12.27%
ROCE, 5-year average13.41%
ROA, 5-year average8.09%
ROIC (approx.)15.11%
Tax rate-34.04%
Other income / net worth-0.21%
Growth
Sales growth (latest year)18.99%
Profit growth (latest year)39.46%
Sales CAGR, 3 years8.41%
Sales CAGR, 5 years19.74%
Profit CAGR, 3 years26.98%
Profit CAGR, 5 years21.67%
Sales growth QoQ1.63%
Profit growth QoQ-35.91%
Sales growth YoY (latest quarter)29.33%
Profit growth YoY (latest quarter)86.19%
Per share
EPS (TTM)Rs 18.11
EPS (latest year)Rs 16.68
EPS (latest quarter)Rs 3.09
EPS, 3-year averageRs 24.58
EPS, 5-year averageRs 25.10
Book value per shareRs 120.37
Sales per shareRs 392.92
Cash flow per shareRs -3.06
Free cash flow per shareRs -11.75
Dividend per share (latest year)Rs 3.75
Dividend per share, 3-year averageRs 6.58
Dividend per share, 5-year averageRs 6.15
Dividends
Dividend payout22.48%
Dividend payout, 3-year average26.23%
Dividend payout, 5-year average24.30%
Efficiency
Asset turnover2.14x
Fixed asset turnover7.55x
Inventory turnover4.92x
Inventory days74 days
Debtor days22 days
Debtors turnover16.69x
Creditor days25 days
Cash conversion cycle76 days
Working capital days51 days
Leverage
Total debtRs 2,789 Cr
Cash and bankRs 746 Cr
Net debtRs 2,042 Cr
Debt to equity0.21x
Net debt / EBITDA1.05x
Interest coverage11.56x
Current ratio (filing 2026-03-31)2.14x
Quick ratio (filing 2026-03-31)0.85x
Trade payables (filing 2026-03-31)Rs 2,311 Cr
Owners' fund to total sources69.65%
Debt to assets14.83%
Cash flow
Cash from Operating Activity (latest year)Rs -333 Cr
Cash from Investing Activity (latest year)Rs -851 Cr
Cash from Financing Activity (latest year)Rs 1,680 Cr
Net Cash Flow (latest year)Rs 497 Cr
Free cash flow (latest year)Rs -1,278 Cr
FCFE (approx.: FCF + change in debt)Rs 723 Cr
Cash from ops / profit, 5 years0.36x
Statement figures
Net sales (TTM)Rs 42,754 Cr
Net sales (latest year)Rs 40,170 Cr
Sales (latest quarter)Rs 11,337 Cr
Operating profit excl. other income (latest year)Rs 1,762 Cr
Operating profit (latest quarter)Rs 543 Cr
Other income (TTM)Rs -29 Cr
EBITDA (TTM)Rs 1,946 Cr
PBDT (TTM)Rs 1,798 Cr
Profit before tax (TTM)Rs 1,559 Cr
Tax (latest year)Rs -461 Cr
Net profit (TTM)Rs 1,970 Cr
Net profit (latest year)Rs 1,815 Cr
Net profit (latest quarter)Rs 336 Cr
Depreciation (TTM)Rs 240 Cr
Depreciation (latest quarter)Rs 53 Cr
Interest (TTM)Rs 148 Cr
Cost of goods sold (latest year)Rs 35,850 Cr
Total expenditure (latest year)Rs 38,407 Cr
Total income (latest year)Rs 40,143 Cr
Share capitalRs 218 Cr
ReservesRs 12,880 Cr
Shareholders' fundsRs 13,097 Cr
Total assetsRs 18,803 Cr
Net blockRs 5,323 Cr
Capital work in progressRs 51 Cr
InvestmentsRs 124 Cr
ReceivablesRs 2,407 Cr
InventoryRs 7,282 Cr
Other liabilitiesRs 2,917 Cr
Shares outstanding (crore)108.81
Ownership
Promoter holding68.25% (-0.58 in a year)
Promoter pledge flagYes, NSE list
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 19.6 is at the 22th percentile of its own 7.2-year range (median 48.6, low 1.6, high 270.9).
P/B 2.95 is at the 15th percentile (median 5.80).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPATANJALINifty 50Difference
1 week-12.3%-2.8% -9.5 pts
1 month+2.7%-6.8% +9.5 pts
3 months-14.2%-7.6% -6.6 pts
6 months-22.8%+0.4% -23.2 pts
1 year-40.8%-9.9% -30.9 pts
2 years-38.8%-13.6% -25.3 pts
3 years-14.0%+14.2% -28.2 pts
5 years+1.2%+27.9% -26.7 pts
90 mutual fund schemes hold about ₹808 Cr. Over three months 26 bought more and 39 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Arbitrage Fund(M0.20%150 +579%
ICICI Pru Arbitrage Fund0.20%72 +443%
SBI Arbitrage Fund0.14%67 +74%
Nippon India Arbitrage Fund0.33%58 +57%
Nippon India Arbitrage Fund(M0.33%56 +57%
Tata Arbitrage Fund0.20%50 +100%
Aditya Birla SL Balanced Advantage Fund0.47%48 -16%
Aditya Birla SL Arbitrage Fund0.16%45 -58%
Aditya Birla SL Equity Savings Fund2.76%31 -24%
Tata Large & Mid Cap Fund0.40%31 +0%
HDFC Arbitrage Fund(M0.08%21 +962%
Mirae Asset Arbitrage Fund0.47%18 +100%
Mirae Asset Arbitrage Fund0.47%18 +100%
Bandhan Arbitrage Fund(M0.22%18 +100%
SBI Equity Savings Fund(Q0.32%18 +0%
Bandhan Arbitrage Fund0.22%17 +100%
Motilal Oswal Nifty Midcap 150 Index Fund0.28%12 -6%
Kotak Equity Savings Fund(M0.10%10 +100%
Union Arbitrage Fund4.51%10 +1622%
Motilal Oswal Quant Fund3.72%10 +100%
Nippon India Nifty Midcap 150 Index Fund0.28%8 -7%
Edelweiss Arbitrage Fund0.04%6 +48%
ICICI Pru Nifty Midcap 150 Index Fund0.28%4 -6%
SBI Nifty Midcap 150 Index Fund0.28%4 -6%
Prism Hybrid Long-Short Fund0.91%3 +100%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 42% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 11% of total assets in 2026
explainPromoter pledge (NSE list) Promoter shares on the NSE pledge list
lookRegulator order or action Regulator order or action 2025-12-09: Patanjali Foods Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: Pledge
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-12-29Yogakshem SansthanPromoter Groupother1,000,000Gift
2024-09-13Patanjali Parivahan Private LimitePromoter Groupother1,078,749Rs 200.80 CrOthers
2024-09-13Patanjali Ayurved LimitedPromoter Groupother9,792,880Rs 1815.68 CrOthers
2024-08-12Yogakshem SansthanPromoter Groupother152,500Off Market
2024-05-29Yogakshem SansthanPromoter Groupother1,000,000Others
2024-05-18Yogakshem SansthanPromoter Groupother2,500,000Others
2024-03-28Yogakshem SansthanPromoter Groupother185,000Others
2023-07-14Patanjali Ayurved LimitedPromotersother25,339,640Rs 2901.38 CrOthers
2021-09-16SBICAP Trustee Company Limited-other292,500,000Rs 58.50 CrRevokation of Pledge
2021-06-09Davender Singh AhlawatEmployees/Designated Employebuy1,141Rs 0.15 CrMarket Purchase
2021-06-04Davender Singh AhlawatEmployees/Designated Employesell650Rs 0.08 CrMarket Sale
2021-05-28Davender Singh AhlawatEmployees/Designated Employebuy650Rs 0.07 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹11,337 Cr +29.3% vs Jun 2025. Net profit ₹336 Cr +86.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-21Interim Dividend - Rs 1.50 Per Share
2026-08-21Interim Dividend - Re 0.80 Per Share
2026-04-24Interim Dividend - Rs 1.75 Per Share
2025-11-13Interim Dividend - Rs 1.75 Per Share
2025-09-11Bonus 2:10.3333
2025-09-03Dividend - Rs 2 Per Share
2024-11-04Interim Dividend - Rs 8 Per Share
2024-03-21Interim Dividend - Rs 6 Per Share
2023-09-21Annual General Meeting/Dividend - Rs 6 Per Share
2022-09-23Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-21General UpdatesGeneral Updates
2026-09-18General UpdatesGeneral Updates
2026-09-15Concall / analyst meetSchedule of meet
2026-09-07General UpdatesIntimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-05Shareholder meetingNotice of 4oth Annual General Meeting to be held on September 29, 2026
2026-08-24Concall / analyst meetTranscript
2026-08-18UpdatesCommunication to Shareholders Intimation of tax deduction at source (TDS).
2026-08-17Concall / analyst meetLink of Recording
2026-08-14Record DateRecord date for the purpose of interim Dividend is 21-Aug-2026.
2026-08-14DividendBoard of Directors at its meeting held on August 14, 2026, declared 1st Interim Dividend of Rs. 0.80 per equity share for FY 2026-2027.
2026-08-14DividendBoard of Directors at its meeting held on August 14, 2026, declared 3rd Interim Dividend of Rs. 1.50 per equity share for FY 2025-26.
2026-08-14Board meeting outcomePatanjali Foods Limited has submitted to the Exchange, the unaudited financial results for the quarter ended Jun 30, 2026.
2026-08-12Concall / analyst meetSchedule of meet
2026-07-29General UpdatesGeneral Updates
2026-07-24General UpdatesGeneral Updates
2026-07-15General UpdatesGeneral Updates
2026-07-01Credit Rating- RevisionCredit Rating- Revision
2026-06-21General UpdatesGeneral Updates
2026-06-19General UpdatesInvestment through Rights Issue in Contemporary Agro Private Limited, Wholly Owned Subsidiary of the Company.
2026-06-15Disclosure under SEBI TakeovPatanjali Ayurved Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-13LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-06-09General UpdatesGeneral Updates
2026-06-05Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.42
Max pain (expiry 2026-10-27)370
Largest call open interest at400
Largest put open interest at350
Implied volatility, at the money36.6%
Underlying at snapshot355.15
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-304,512
2026-09-292,150
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-12NCLTM/s Ruchi soya Industries Ltd Vs Suprio Kumar Chaudhary (RP For M/s JVL Agro Industries Ltd)
2021-06-29NCLTRUCHI SOYA INDUSTRIES LIMITED APPLICANT (STANDARD CHARTERED BANK & DBS BANK LIMITED ) Vs THE JOINT STATE TAX COMMISSIONER RAJKOT RESPONDENTS
2021-03-04NCLTM/s Ruchi soya Industries Ltd Vs Suprio Kumar Chaudhary (RP For M/s JVL Agro Industries Ltd)
2020-12-10NCLTM/s Ruchi soya Industries Ltd Vs Suprio Kumar Chaudhary (RP For M/s JVL Agro Industries Ltd)
2020-09-25NCLTRuchi Soya Industries Limited Applicant In the matter of Standard Chartered Bank and DBS Bank Ltd Vs The Deputy Commissioner of State Tax, D
2020-09-21NCLTRuchi Soya Industries Limited - Applicant In the matter of Standard Chartered Bank and DBS Bank Ltd Vs The Deputy Commissioner of State Tax,
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Pledge: stage 1

Quick answers

What is the market cap of Patanjali Foods Ltd?

Patanjali Foods Ltd (PATANJALI) has a market capitalisation of Rs 40,412 Cr. at the 2026-10-01 close.

What is the P/E ratio of Patanjali Foods Ltd?

Patanjali Foods Ltd trades at a P/E of 18.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Patanjali Foods Ltd's latest quarterly results?

In the Jun 2026 quarter, Patanjali Foods Ltd sales was Rs 11,337 Cr (+29.3% vs Jun 2025) and net profit was Rs 336 Cr.

What is the 52-week high and low of Patanjali Foods Ltd?

The 52-week high is Rs 614.05 and the 52-week low is Rs 328.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03