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LT Foods

LTFOODS NSE

Key Fundamentals

MicrocapAgricultural ProductsFMCG
Market Cap
₹13,753 Cr
Volatility
Moderate
P/E Ratio
21.65
EBITDA
₹1,236 Cr
Return on Equity
13.83%
Debt to Equity
0.36
Book Value
₹130.18
EPS
₹17.54
52W High
₹490.7
52W Low
₹333.15

Tapetide Score

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

Growth Rate

Revenue Growth
25.69% higher than 3Y
Net Income Growth
2.22% lower than 3Y
Cash Flow Change
96.86% higher than 3Y
ROE
-12.91% lower than 3Y
ROCE
-8.95% higher than 3Y
EBITDA Margin (Avg.)
-7.81% higher than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

L T Foods Ltd has a market capitalisation of about ₹14,718 crore and trades at a P/E of 23 and a P/B of 3.26. Sales grew 28% over the trailing twelve months, but profit grew only 3%, which suggests margins are under pressure. Over longer periods sales and profit both compounded at 16-20%, ROE has held at 15-17%, and the stock returned 43% CAGR over 5 years but only 2% over the last year.

Bull Case 7
  • Top-line momentum is strong: TTM sales growth of 28% is well above the 3-year (16%) and 5-year (19%) sales CAGRs, so demand and volume or price gains have picked up recently.
  • Profit has compounded at 20% over 10 years, faster than the 14% 10-year sales CAGR. This shows long-term operating leverage and margin gains.
  • Return on equity has been steady across cycles, at 16% over 10 years, 17% over 5 years and 17% over 3 years. This points to consistent capital efficiency in a commodity-linked business.
  • Shareholders have been rewarded over the long run: the stock returned 32% CAGR over 10 years, 43% over 5 years and 37% over 3 years.
  • The stock's 1-year return is only 2% even though sales grew 28% TTM, so its price has moved sideways while revenue expanded. That has moderated valuation compared with its multi-year rally.
  • A P/E of 23 is modest next to many branded FMCG peers in India, which often trade at 40-60x earnings. This is supported by 5-year profit growth of 18%.
  • The company pays a dividend yield of 0.71%. At a P/E of 23 this implies a payout of roughly 16% of earnings, leaving most profit available for reinvestment in growth.
Bear Case 7
  • Profit and sales have diverged sharply: TTM profit grew just 3% against 28% sales growth. This points to significant margin compression, possibly from raw material (paddy) costs, freight, tariffs or higher spending.
  • ROE for the last year slipped to 15%, below the 17% 3-year and 5-year averages. The P/B of 3.26 divided by the P/E of 23 implies an ROE near 14%, which suggests returns are drifting lower.
  • The stock's 1-year return has slowed to 2% from 37-43% CAGRs over 3-5 years. This may reflect market concerns about earnings quality and the sustainability of margins.
  • A P/E of 23 equals an earnings yield of about 4.3%. That is not particularly cheap if TTM profit growth stays near 3%, and it limits room for error if margins do not recover.
  • The dividend yield of 0.71% is low, so it offers little income support if the share price stays flat, as it did with the 2% 1-year return.
  • The business is concentrated in rice/basmati, a commodity-linked category exposed to crop cycles, government export policy and overseas trade barriers. These factors can swing profitability, as the gap between 28% sales growth and 3% profit growth illustrates.
  • A P/B of 3.26 means investors pay more than three times book value for a business earning about 15% ROE. A further fall in returns would weaken the case for that premium.

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

AI News Digest

1d ago
Positives 3
  • Acquires 70.75% of Leev.nu Sep 30

    Subsidiary Nature Bio Foods bought a controlling 70.75% stake in Dutch firm Leev.nu B.V. for EUR 1.735 million. The deal adds to LT Foods' healthy snacking portfolio in Europe.

  • Kameda JV becomes wholly owned Sep 16

    LT Foods is buying the remaining 49% stake in Kameda LT Foods for ₹1.12 crore. The rice-snack business will become a wholly owned subsidiary by December 2026.

  • FY26 BRSR: 92% green energy Sep 7

    The FY26 Business Responsibility and Sustainability Report shows 92% green energy usage and zero fatalities. FY26 turnover was ₹4,128 crore.

Neutral 4
  • 36th AGM approves ₹1 dividend Sep 29

    The 36th AGM was held by video conference on September 29, 2026, after being announced on Sep 7-8. Shareholders adopted the FY26 financials and approved a final dividend of ₹1 per share.

  • CFO at Sep 28 analyst conference Sep 23

    The CFO and Chief Corporate Development Officer were scheduled for a virtual analyst conference on September 28, 2026, at 10:00 am IST.

  • Nuvama PCG investor call Sep 11

    The CEO, CFO and Chief Corporate Development Officer were scheduled for a virtual analyst meeting with Nuvama PCG on September 16, 2026.

  • Analyst meet on Sep 11 Sep 8

    An analyst and investor meeting was scheduled for September 11 at 11:30 am. No agenda or venue was disclosed.

TL;DR: LT Foods is building out its snacking business through two small, low-cost deals: 70.75% of Leev.nu for EUR 1.735 million and full ownership of Kameda LT Foods for ₹1.12 crore. Both are tiny compared with FY26 turnover of ₹4,128 crore, so their near-term financial impact should be minimal. None of these articles reports a direct headwind, but they also give no operating data such as margins, rice prices or export conditions, so the main business risks can't be judged from this news alone. The trend looks steady to slightly improving, with frequent investor meetings and a 92% green energy share. The next things to watch are how well the snacking acquisitions are integrated and the upcoming quarterly results.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,778
1,978
1,942
2,075
2,071
2,108
2,275
2,228
2,464
2,766
2,809
2,907
3,152
Expenses
1,564
1,737
1,703
1,830
1,830
1,879
2,025
1,970
2,199
2,456
2,495
2,639
2,798
Operating Profit
214
240
239
245
241
229
250
258
265
309
314
267
354
OPM %
12%
12%
12%
12%
12%
11%
11%
12%
11%
11%
11%
9%
11%
Other Income
25
26
20
28
28
35
17
36
43
8
4
31
10
Interest
22
19
18
23
19
20
24
26
28
28
35
40
40
Depreciation
36
36
36
45
42
45
46
53
52
60
63
70
74
PBT
181
211
204
204
208
200
198
216
228
229
220
189
250
Tax %
24%
26%
25%
27%
25%
25%
27%
26%
26%
28%
29%
28%
27%
Net Profit
137
157
153
150
155
151
145
161
168
164
157
136
183
EPS in Rs
3.96
4.49
4.35
4.28
4.41
4.27
4.13
4.62
4.85
4.72
4.53
3.91
5.28
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,716
2,955
3,245
3,614
3,890
4,135
4,644
5,427
6,936
7,772
8,681
10,946
11,633
Expenses
2,452
2,598
2,887
3,237
3,490
3,668
4,092
4,835
6,235
6,834
7,703
9,787
10,388
Operating Profit
264
357
358
376
400
467
552
592
701
938
979
1,159
1,245
OPM %
10%
12%
11%
10%
10%
11%
12%
11%
10%
12%
11%
11%
11%
Other Income
45
-38
48
36
21
33
42
23
71
98
117
83
53
Interest
151
148
157
147
139
132
87
69
82
83
88
131
143
Depreciation
47
52
55
50
69
91
108
123
127
153
186
245
267
PBT
111
120
194
216
214
277
398
424
563
801
822
866
888
Tax %
31%
39%
33%
33%
36%
28%
27%
27%
25%
25%
26%
28%
—
Net Profit
76
72
129
144
137
199
289
309
423
598
612
625
640
EPS in Rs
2.74
2.7
4.4
4.21
3.96
5.77
8.57
9.14
11.6
17.09
17.43
18.01
18.44
Div. Payout %
7%
6%
3%
4%
4%
9%
12%
11%
9%
9%
17%
17%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
26
27
27
32
32
32
32
32
35
35
35
35
Reserves
436
510
638
1,147
1,297
1,449
1,724
1,966
2,722
3,337
3,819
4,486
Borrowings
1,692
1,597
1,610
1,548
1,690
1,764
1,570
1,320
1,221
917
1,261
1,610
Other Liabilities
291
330
460
529
554
573
787
1,042
1,341
1,753
2,298
2,887
Total Liabilities
2,445
2,464
2,735
3,256
3,573
3,818
4,112
4,359
5,319
6,042
7,413
9,018
Fixed Assets
370
361
374
566
601
906
880
905
995
1,160
1,404
1,852
CWIP
15
24
40
28
42
17
33
35
27
41
45
67
Investments
7
6
14
14
36
33
29
25
127
183
223
48
Other Assets
2,053
2,072
2,308
2,648
2,894
2,862
3,171
3,394
4,170
4,657
5,741
7,051
Total Assets
2,445
2,464
2,735
3,256
3,573
3,818
4,112
4,359
5,319
6,042
7,413
9,018
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
9
297
227
60
103
477
445
517
258
757
462
910
Investing
-58
-54
-83
-233
-137
-83
-101
-145
-395
-201
-219
-693
Financing
32
-235
-137
160
44
-404
-346
-358
136
-538
-150
-127
Net Cash Flow
-17
8
7
-13
10
-10
-2
15
0
17
93
90
Free Cash Flow
-46
244
149
-169
-11
393
346
366
115
556
224
554
CFO/OP
22
93
77
43
52
119
101
106
55
97
71
99
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
43
46
52
47
50
55
38
41
35
32
32
29
Inventory Days
249
233
231
251
247
222
261
247
254
249
286
256
Days Payable
18
27
35
50
37
33
59
74
90
88
116
104
Cash Conversion Cycle
273
253
248
248
260
244
240
215
199
193
202
180
Working Capital Days
19
1
15
61
73
78
93
91
100
105
100
82
ROCE %
13%
14%
16%
14%
12%
13%
14%
14%
17%
21%
19%
18%

Insights

Beta

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

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Shareholding Pattern

FIIs8.21%Promot.51.01%DIIs10.84%Others13.21%Public16.74%As ofJun 2026

Documents

Frequently Asked Questions about LT Foods

What does L T Foods Ltd do?
LT Foods Ltd. is a leading Indian-origin global FMCG company in the food and consumer goods space. It is a leading player globally in the specialty Rice and rice-based foods business for over the last 70 years.[1]
Where is L T Foods Ltd (LTFOODS) listed?
L T Foods Ltd trades as LTFOODS on the NSE and under code 532783 on the BSE.
Which sector does L T Foods Ltd belong to?
L T Foods Ltd is classified under the FMCG sector, in the Agricultural Products industry.
What is the market capitalisation of L T Foods Ltd?
L T Foods Ltd has a market capitalisation of ₹13,753 Cr, which places it in the Mid Cap band.
What is the PE ratio of L T Foods Ltd?
L T Foods Ltd trades at a PE ratio of 21.65, on earnings per share of ₹17.54, against a book value of ₹130.18 per share.
What is the 52-week high and low of L T Foods Ltd?
Over the last 52 weeks L T Foods Ltd has traded between ₹333.15 and ₹490.7.
Does L T Foods Ltd pay dividends?
L T Foods Ltd has a dividend yield of 0.75%.
What is the Return on Equity (ROE) of L T Foods Ltd?
L T Foods Ltd reported a return on equity of 13.83%. Its debt-to-equity ratio is 0.36.

Company Information

LT Foods Ltd. is a leading Indian-origin global FMCG company in the food and consumer goods space. It is a leading player globally in the specialty Rice and rice-based foods business for over the last 70 years.[1]

Website ltgroup.in
CEO Mr. Vijay Kumar Arora
Employees 1,302
Listed 2006-12-18
Face Value ₹ 1
Issued Size 34,72,52,944

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