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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of LT Foods Ltd

About the Company - LT Foods Ltd

LT Foods Ltd. is a Public Limited Listed company incorporated on 16/10/1990 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1990PLC041790 and registration number is 041790. Currently Company is involved in the business activities of Rice milling. Company’s Total Operating Revenue is Rs. 2840.00 Cr. and Equity Capital is Rs. 31.98 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersUnit No. 134, First Floor, Rectangle - 1, New Delhi Delhi 110017ir@ltgroup.in
http://www.ltgroup.in
Management
NamePosition Held
Mr. Vijay Kumar AroraChairperson & Executive Director
Mr. Ashwani Kumar AroraManaging Director & CEO
Mr. Surinder Kumar AroraManaging Director
Mrs. Ambika SharmaInd. Non-Executive Director
Mrs. Neeru SinghInd. Non-Executive Director
Mr. Abhiram SethInd. Non-Executive Director
Mr. Satish Chander GuptaInd. Non-Executive Director
Mr. S Alrumaih Sulaiman AbdulrahmanNon Exe.Non Ind.Director

LT Foods Ltd. Share Price Update

Share PriceValue
Today₹180.80
Previous Day₹179.60

Basic Stock Data of LT Foods Ltd

Market Cap 6,577 Cr.
Current Price 189
High / Low235/90.0
Stock P/E11.5
Book Value 88.0
Dividend Yield0.53 %
ROCE17.1 %
ROE16.8 %
Face Value 1.00

Data Source: screener.in

Competitors of LT Foods Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nestle India Ltd 2,42,818 Cr. 2,5182,771/1,78880.8 32.10.67 %135 %108 % 1.00
Tasty Bite Eatables Ltd 3,511 Cr. 13,68419,867/7,95573.0 1,0850.01 %14.0 %13.5 % 10.0
Prataap Snacks Ltd 2,980 Cr. 1,2481,450/661146 2880.07 %1.15 %3.14 % 5.00
Britannia Industries Ltd 1,18,523 Cr. 4,9215,386/4,15354.9 1181.47 %48.6 %66.6 % 1.00
Sarveshwar Foods Ltd 1,228 Cr. 12.613.0/2.0885.0 2.490.00 %8.12 %4.69 % 1.00
Industry Average1.8 Cr6.5287.9488.320.44%41.37%39.19%3.6

LT Foods Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,2271,1281,1531,2131,3201,3681,5261,6111,7251,7781,8211,7781,978
Expenses1,0779921,0331,0831,1671,2191,3761,4451,5531,6131,6251,5641,737
Operating Profit150136120130153149151166172166196214240
OPM %12%12%10%11%12%11%10%10%10%9%11%12%12%
Other Income91161830119722342526
Interest23181917161719171822262219
Depreciation28253129293035293032353636
Profit before tax1099486102110103108129131133169181211
Tax %29%26%31%26%27%25%30%26%27%25%22%24%26%
Net Profit776960768177759595100132137157
EPS in Rs2.272.071.762.272.402.232.242.802.802.983.693.964.49

LT Foods Ltd Quarterly Chart

LT Foods Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4222,2062,4592,7162,9553,2453,6143,8904,1354,7425,4276,9367,356
Expenses1,2581,9892,1932,4522,5982,8873,2373,4903,6684,1804,8356,2356,539
Operating Profit164217266264357358376400467562592701816
OPM %12%10%11%10%12%11%10%10%11%12%11%10%11%
Other Income-22221645-3848362133312371106
Interest10711711315114815714713913287698289
Depreciation343937475255506991108123127139
Profit before tax-083131111120194216214277398424563695
Tax %-10,000%27%35%31%39%33%33%36%28%27%27%25%
Net Profit-160857672129144137199289309423527
EPS in Rs-0.052.142.982.742.704.404.213.965.778.579.1411.6015.12
Dividend Payout %0%9%8%7%6%3%4%4%9%12%11%9%

LT Foods Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)6100.00%41.67%-10.59%-5.26%79.17%11.63%-4.86%45.26%45.23%6.92%36.89%
Change in YoY Net Profit Growth (%)0.00%-6058.33%-52.25%5.33%84.43%-67.54%-16.49%50.12%-0.03%-38.31%29.97%

LT Foods Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:14%
3 Years:19%
TTM:13%
Compounded Profit Growth
10 Years:22%
5 Years:24%
3 Years:29%
TTM:66%
Stock Price CAGR
10 Years:37%
5 Years:42%
3 Years:54%
1 Year:84%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:16%
Last Year:17%

LT Foods Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626272732323232323535
Reserves2292853654365106381,1471,2971,4491,7241,9662,7223,022
Borrowings1,2211,4131,5021,6921,5971,6101,5481,6901,7641,5701,3201,221980
Other Liabilities1232492992913304605295545737871,0421,341725
Total Liabilities1,5981,9732,1932,4452,4642,7353,2563,5733,8184,1124,3595,3194,761
Fixed Assets330339350370361374566601906880905995956
CWIP51219152440284217333527102
Investments55576141436332925127160
Other Assets1,2581,6171,8192,0532,0722,3082,6482,8942,8623,1713,3944,1703,543
Total Assets1,5981,9732,1932,4452,4642,7353,2563,5733,8184,1124,3595,3194,761

LT Foods Ltd Reserves and Borrowings Chart

LT Foods Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 95104929722760103477445517258
Cash from Investing Activity -30-52-58-54-83-233-137-83-101-145-395
Cash from Financing Activity -37-4532-235-13716044-404-346-358136
Net Cash Flow277-1787-1310-10-2150

LT Foods Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days696248434652475055374135
Inventory Days306238277249233231251247222267247254
Days Payable273430182735503733607490
Cash Conversion Cycle348265295273253248248260244244215199
Working Capital Days261213214227189185195206189176151138
ROCE %10%12%13%13%14%16%14%12%13%14%14%17%

LT Foods Ltd Financial Efficiency Indicators Chart

LT Foods Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters56.81%56.81%56.81%56.81%56.81%56.81%56.81%56.82%56.82%51.00%51.00%51.00%
FIIs1.56%1.14%1.58%1.38%1.42%1.38%1.90%4.01%5.31%5.04%6.48%6.01%
DIIs3.52%3.51%3.51%3.38%3.38%3.39%3.09%3.28%3.30%3.00%3.29%5.08%
Public38.11%38.53%38.09%38.43%38.39%38.42%38.20%35.91%34.57%40.94%39.22%37.89%
No. of Shareholders98,9051,10,4471,36,0911,44,6081,54,8331,71,4321,66,9731,51,9801,46,7731,50,0651,44,0321,53,338

LT Foods Ltd Shareholding Pattern Chart

No. of LT Foods Ltd Shareholders

LT Foods Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund105510581.47174.04
Motilal Oswal Nifty Microcap 250 Index Fund1377500.492.27
Groww Nifty Total Market Index Fund3130.020.01

LT Foods Ltd ROCE Trend

LT Foods Ltd EPS Trend

LT Foods Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)12.509.138.575.773.96
Diluted EPS (Rs.)12.509.138.575.773.96
Cash EPS (Rs.)15.0313.6512.569.216.46
Book Value[Excl.RevalReserv]/Share (Rs.)80.5567.1959.1050.0044.85
Book Value[Incl.RevalReserv]/Share (Rs.)80.5567.1959.1050.0044.85
Revenue From Operations / Share (Rs.)199.73169.69145.21129.63121.63
PBDIT / Share (Rs.)21.4219.3818.7015.9013.17
PBIT / Share (Rs.)17.7615.5415.3113.0411.02
PBT / Share (Rs.)15.4013.4012.588.786.68
Net Profit / Share (Rs.)11.379.829.176.354.30
NP After MI And SOA / Share (Rs.)11.609.138.575.773.96
PBDIT Margin (%)10.7211.4212.8712.2610.83
PBIT Margin (%)8.899.1610.5410.069.05
PBT Margin (%)7.707.898.666.775.49
Net Profit Margin (%)5.695.786.314.893.53
NP After MI And SOA Margin (%)5.805.385.904.453.25
Return on Networth / Equity (%)14.6014.6215.6112.459.52
Return on Capital Employeed (%)18.6319.2720.5719.9220.62
Return On Assets (%)7.566.706.654.823.52
Long Term Debt / Equity (X)0.090.090.130.320.18
Total Debt / Equity (X)0.340.530.711.171.26
Asset Turnover Ratio (%)1.431.281.171.121.14
Current Ratio (X)1.961.781.701.521.43
Quick Ratio (X)0.430.450.410.510.42
Inventory Turnover Ratio (X)1.691.421.821.601.55
Dividend Payout Ratio (NP) (%)3.9710.9411.6711.263.79
Dividend Payout Ratio (CP) (%)3.017.718.367.532.45
Earning Retention Ratio (%)96.0389.0688.3388.7496.21
Cash Earning Retention Ratio (%)96.9992.2991.6492.4797.55
Interest Coverage Ratio (X)9.069.026.843.843.04
Interest Coverage Ratio (Post Tax) (X)5.815.574.362.571.99
Enterprise Value (Cr.)4297.703671.063221.232468.692988.74
EV / Net Operating Revenue (X)0.610.670.690.590.76
EV / EBITDA (X)5.785.925.384.857.09
MarketCap / Net Operating Revenue (X)0.480.460.400.150.32
Retention Ratios (%)96.0289.0588.3288.7396.20
Price / BV (X)1.221.251.060.430.94
Price / Net Operating Revenue (X)0.480.460.400.150.32
EarningsYield0.110.110.140.280.10

LT Foods Ltd Profitability Ratios (%)

LT Foods Ltd Liquidity Ratios

LT Foods Ltd Liquidity Ratios (%)

LT Foods Ltd Interest Coverage Ratios (X)

LT Foods Ltd Valuation Ratios

Fair Value / Intrinsic Value of LT Foods Ltd

Fair Value: ₹170.92

The stock is overvalued by 9.57% compared to the current price ₹189

*Investments are subject to market risks

Strength and Weakness of LT Foods Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (3.38 cr) and profit (268.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 14.53 and average Dividend Yield of 9.54%.
  2. The stock has a low average ROCE of 13.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 195.33, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 257.67, which may not be favorable.
  5. The company has higher borrowings (1,471.38) compared to reserves (1,214.62), which may suggest financial risk.

Should I Buy LT Foods Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in LT Foods Ltd:
    1. Net Profit Margin: 5.69%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 18.63% (Industry Average ROCE: 13.39%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 5.81
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.43
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 11.5 (Industry average Stock P/E: 63.04)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.34
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in LT Foods Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE