Announcement
Announcement under Regulation 30 (LODR)-Acquisition 30 Sep - Nature Bio Foods acquires 40.75% more in Leev.nu, raising stake to 70.75% and gaining control.
Source: Bse
LT Foods Limited (LTFOODS)
Large CapFMCG stocks · Large cap · NSE
LT Foods is a global food FMCG company with 70+ years of experience, operating in 85+ countries. It owns leading brands like DAAWAT and Royal, specializing in Basmati & other specialty rice, organic foods, and ready-to-heat/cook products. The company focuses on sustainable growth and operational excellence.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result30 Jul, 06:48 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -5.9% / mo · MACD + · sector -4.5pp vs Nifty 500 (3M)
Stock trend: 51
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
LTFOODSD candles · FIT view-3.6%Latest close ₹404.85 on 2026-10-19
Bar
-2.7%
RSI
42
MACD hist
0.62
52W pos
46%
2026-10-19O ₹416.00H ₹416.45L ₹398.00C ₹404.85Vol 7.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LTFOODSNifty FMCGNifty 500
- LTFOODS
- +5.1%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- +10.6 pp
Chart stats
19 Oct 2026- From 52W high
- -17.5%
- 52W range position
- 46%
- ATR (14)
- 3.1%
- Volume vs 20D
- 1.95x
- Avg traded value
- ₹15.4 Cr
- 20D price channel
- ₹389.1 - ₹433.9
₹490.7
₹333.2 - ₹490.7
₹12.5
Latest completed session
20-session average
28.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management trust is acceptable, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE57
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +27.9% · PAT +8.9% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+51.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Mixed Trust64
medium confidence · 4/6 claims checked
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +28% YoY · PAT +9% YoY · +8% QoQ
Filed 30 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,152 Cr | +27.9% | +8.4% |
| EBITDA | ₹354 Cr | +33.6% | +32.6% |
| Operating margin | 11.0% | +0 bps | +200 bps |
| PAT | ₹183 Cr | +8.9% | +34.6% |
| PAT margin | 5.8% | -101 bps | +113 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 22.70
- P/B
- 3.22
- EV/EBITDA
- 10.67
- Market Cap
- 14519.00Cr
Profitability
- ROE
- 14.70%
- ROCE
- 17.60%
- ROA
- 7.10%
- Dividend Y
- 0.72%
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 18.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 16.00%
Balance Sheet
- Debt/Equity
- 0.36
- Interest Coverage
- 8.71×
- Altman Z
- 4.56
- Book Value
- 130.00
Cash Flow
- FCF Yield
- 1.49%
- FCF Positive Y
- 8/5
- OCF
- 910.00 Cr
- EPS TTM
- 18.44
Shareholding
- Promoter Hold
- 51.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 54%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 4,162+3.0% vs prev
Net Profit
₹ CrLatest: 243+14.6% vs prev
Return on Equity
%Latest: 12.6+7.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 42.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~6.3% over last month) — short-term momentum negative.
- RSI(14) at 42 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 17% off 52W high · 22% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
64
RS percentile
Stage 1 Base / Transition
1M return
-4.3%
3M return
+5.1%
6M return
-4.4%
1Y return
-2.6%
RS 1D
-2
RS 20D
+5
Sector rank
#15
Industry rank
-
Stage evidence
- Price is within 0.2% of the 30-week proxy.
- The 30-week proxy changed +0.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 100.35-2.06%
RS vs Nifty 500100
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation15/30
Growth14/25
Quality8/20
Balance Sheet10/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
57
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
57/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 51.2%.
- Balance sheet contributes 10/15 to the score.
Main drags
- Quality is weaker at 8/20; verify the latest quarterly trend.
- Valuation is weaker at 15/30; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
22.7
PB
3.2
EV/EBITDA
10.7
ROE
14.7%
ROCE
17.6%
FCF Yield
1.5%
Debt/Equity
0.4
MoS
+51.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
57
Previous: 57
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+51.2%
Previous: +51.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
57
57
57
57
57
57
57
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹232.24
-74.3% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹829.8
+51.2% MoS
PEG
1.32
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANORAMA
Micro
Manorama Industries Limited
Retail
match 103
58
48.9
39.3%
+8%
FAIR VALUE
TI
Micro
Tilaknagar Industries Limited
Retail
match 101
31
59.9
12.6%
-33%
OVERVALUED
PICCADIL
Micro
Piccadily Agro Industries Limited
Retail
match 98
54
41.4
17.4%
+10%
FAIR VALUE
TRIVENI
Micro
Triveni Engineering & Industries Limited
Retail
match 96
31
21.5
8.7%
-188%
OVERVALUED
TRAVELFOOD
Large
Travel Food Services Limited
Retail
match 95
60
33.2
35.3%
+1%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-13T07:22:44.898Z
Management commentary snapshot
FY26 revenue grew 19% (normalized), driven by Basmati segment. Q4 revenue up 13% (normalized), but EBITDA declined due to accelerated brand investments, organic segment remodeling, and one-time US inventory/tariff costs. PAT for Q4 also declined.
The core Basmati business shows robust growth and market leadership, supporting the overall annual performance. While Q4 profitability was impacted by strategic investments and one-off costs, these are largely explained. The company is addressing capacity constraints in RTH and challenges in the organic segment, indicating a proactive approach to growth levers.
Current business mix
Revenue Share by Segment (12M FY26)
Latest issuer-disclosed distribution across 3 reported categories.
Basmati & Other Speciality Rice88.0%
Organic Food and Ingredients9.0%
RTH & RTC2.0%
Growth engines
Basmati & Other Specialty Rice
Strong demand across geographies, #1 Basmati brand in North America and Canada, #2 in India, with 12% volume growth in 12M FY26.
Ready-to-Heat & Ready-to-Cook (RTH & RTC)
Portfolio grew ~2.5x over FY21–FY26, driven by innovation and strong consumer traction for convenience-led food solutions.
Global Footprint Expansion
Presence in 85+ countries, with strategic priorities to widen distribution channels and enter newer geographies.
Premiumization & Innovation
New launches target health, premiumization, and global taste trends; dual certification for organic products builds consumer trust.
Capacity and execution
RTH Capacity Expansion
Enhanced capacities for the Ready-to-Heat platform are expected to become operational from the second quarter.
Organic Infrastructure Build
Capacity expansion and infrastructure build in Europe for the Organic Foods & Ingredients business.
Tailwinds
Increasing Global Shift to Health-Conscious Food
Organic Foods & Ingredients business is well positioned to benefit from this increasing global trend.
Growing Demand for Convenience Food
RTH & RTC portfolio continues to witness strong consumer traction, driven by rising demand for convenience-led solutions.
Growth in Basmati & Specialty Rice Market
Expected industry CAGR of 10-12% in India and North America, and 9-10% in the Middle East.
Growing South Asian Diaspora
Fuels Western market demand for Basmati and Specialty Rice, supporting international growth.
Headwinds
Increased Brand Investments
Accelerated brand investments impacted EBITDA margins in both 12M and Q4 FY26.
Organic Segment Remodeling & One-time Costs
FY26 performance of the Organic business was impacted by initial investments for CPG scaling and legal costs related to CVD.
US Tariff & Inventory Cost
One-time inventory/tariff cost in the US impacted Q4 FY26 EBITDA.
Risk radar
Legal & Regulatory Risks (CVD)
Company filed an appeal against the final CVD order of 75.48% on organic soyabean meal exports to the United States.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation explicitly compares 12M FY26 to 12M FY25 and Q4 FY26 to Q4 FY25. This year-over-year comparison is crucial for understanding performance trends in a consumer business that may experience seasonal variations.
Sector KPIs management disclosed
Revenue Growth (Normalized)
Positive, but Q4 growth rate slowed.19% for 12M FY26 (excluding US Tariff); 13% for Q4 FY26 (excluding US Tariff).
Gross Profit % (Normalized)
Stable.35.3% for 12M FY26 (Excluding US Tariff & change in Shipment Terms); 36% for Q4 FY26 (Excluding US Tariff & change in Shipment Terms).
EBITDA % (Normalized)
Declined due to increased brand investments and strategic initiatives.11.8% for 12M FY26 (Excluding US Tariff); 11.1% for Q4 FY26 (Excluding US Tariff).
Basmati Volume Growth
Strong growth.12% for 12M FY26; 13% for Q4 FY26.
Management forward view
Solidifying Core Business
Management aims to further solidify the core Basmati business and widen distribution channels.
Expanding Product Portfolio & Geographies
Strategic priorities include expanding the product portfolio, entering newer geographies, and exploring inorganic opportunities.
Driving Premiumization & Margin Expansion
Focus on building economies of scale, adding efficiencies across the value chain, and driving premiumization.
Digital Transformation & Capability Building
Investing in digital transformation and building people skills and talent pool to enhance agility and efficiency.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Organic Segment Performance | FY26 performance impacted by investments and one-time factors. | Normalization of performance over the coming quarters, as underlying demand fundamentals remain strong. |
| RTH Capacity Ramp-up | Growth opportunities could not be fully serviced due to capacity constraints. | Enhanced capacities becoming operational from Q2 and their impact on RTH & RTC segment growth. |
| CVD Legal Outcome | Final CVD rate of 75.48% on organic soyabean meal exports to US. | Outcome of the company's appeal against the final order in CIT. |
| Brand Investment Impact on Margins | Increased brand investments impacted EBITDA margins in FY26. | Evidence of margin recovery as these investments translate into market share gains and revenue growth. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
margin outlooknot yet verifiablequantified
The company is expected to achieve an EBITDA Margin of +14% in the next 4 years.
Timeframe: next 4 yearsDirection: increaseConfidence: expected to achieve
"expected to achieve EBITDA Margin of +14% in the next 4 years"
margin outlookcontradictedquantified
The company is expected to achieve an EBITDA Margin of +14% in the next 4 years.
Timeframe: next 4 yearsDirection: increaseConfidence: expected to achieve
"expected to achieve EBITDA Margin of +14% in the next 4 years"
Outcome check: OPM moved from 11.0% to average 10.3% (-0.7 pp).
operational efficiencynot yet verifiablequantified
Digital Transformation is expected to drive 1.5X ~ 2X BUSINESS VALUE.
Timeframe: implied futureDirection: increaseConfidence: can drive
"drive 1.5X ~ 2X BUSINESS VALUE"
operational efficiencynot yet verifiablequantified
Digital Transformation is expected to drive 1.5X ~ 2X BUSINESS VALUE.
Timeframe: implied futureDirection: increaseConfidence: can drive
"drive 1.5X ~ 2X BUSINESS VALUE"
revenue outlooknot yet verifiablequantified
The company aims to increase the revenue mix of New Product Development (NPD) from 2% to 7%.
Timeframe: implied futureDirection: increaseConfidence: implied
"Increase revenue mix of NPD from 2% to 7%"
revenue outlookcontradictedquantified
The company aims to increase the revenue mix of New Product Development (NPD) from 2% to 7%.
Timeframe: implied futureDirection: increaseConfidence: implied
"Increase revenue mix of NPD from 2% to 7%"
Outcome check: OPM moved from 11.0% to average 10.0% (-1.0 pp).
revenue outlooknot yet verifiablequantified
The Basmati and Speciality Rice business in Continental Europe + UK has a 5-years revenue target of £100 million.
Timeframe: 5-yearsDirection: increaseConfidence: target
"5-years revenue target of £100 million"
revenue outlookdeliveredquantified
The Basmati and Speciality Rice business in Continental Europe + UK has a 5-years revenue target of £100 million.
Timeframe: 5-yearsDirection: increaseConfidence: target
"5-years revenue target of £100 million"
Outcome check: Revenue YoY averaged 27.3% across 3 later quarter(s).
Trust Score
64Mixed Trust · medium confidenceClaim-tested Trust
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Management has 25% delivered/partly-delivered outcomes on 4 checked claims, with 3 adverse claim outcomes. It ranks around the 42nd percentile of the scored universe and 9th percentile within FMCG. No major sub-score weakness stands out.
Healthy Trust: 4/6 extracted management claims have outcome checks; 25% were fully delivered and 0 were partially delivered. 3 claim(s) were contradicted or failed. Key concern: 3/4 matched management claims were contradicted or failed.
Computed 20 Oct 2026
management-trust-v1
30 extracted concalls · 4/6 claims matched
Score band
Mixed Trust
Usable, but needs evidence. Treat guidance with a margin of safety.
Relative rank
42nd percentile
overall median 67 · FMCG: 9th pctile, median 79 · Large: 20th pctile, median 73
Evidence depth
Early sample
4/6 claims checked. Use as directional, not final.
Claim delivery
25% delivered or partly delivered
4/6 claims checked · 3 contradicted/failed claims
How to read this Trust Score
Mixed Trust · medium confidenceWhat it measures
Reliability of management and financial delivery, using management claims matched with later outcomes.
Confidence
Useful directional evidence exists, but still verify the latest filings.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.5%.
- ▸8 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸3/4 matched management claims were contradicted or failed.
Continue researching LT Foods Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Sep - Newspaper Publication for transfer to Equity shares and unclaimed/ unpaid dividend to IEPF
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Newspaper Publication regarding 36th Annual General Meeting of the Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Aug
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.