✨At a Glance
From insolvency to IPO stardom, Patanjali Foods (a.k.a. Ruchi Soya 2.0) has done more asanas in five years than a morning yoga class. But now that the edible oil boom has cooled and scrutiny’s heating up, is this still a spiritual multibagger or an oily trap? We dive in.
🌿 Part 1: What Exactly Is Patanjali Foods?
- Legacy: Ruchi Soya was bankrupt in 2019. Patanjali acquired it via NCLT and slapped some ghee on top.
- Rebranded: In 2022, the company officially becamePatanjali Foods Ltd, merging Baba-branding with edible oil operations.
- Core Segments:
- Edible Oils(72% of revenue): Palm, Soybean, Sunflower via brands like Nutrela, Mahakosh, Patanjali.
- Food & FMCG(16% of FY25
- sales): Nutrela soya chunks, flour, atta, biscuits, rice, etc.
- Oleochemicals & Palm Plantations: Castor, kernel cake, solvent extraction.
Despite the FMCG hype, edible oils still run the show. The fancy atta ads? Just side hustle.
📈 Part 2: Financials – Tumultuous but Toned
FY20 to FY25 Snapshot
| Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) | OPM % | ROCE % |
|---|---|---|---|---|---|
| FY20 | 13,118 | 7,672 | 259.33 | 3% | 6% |
| FY21 | 16,319 | 681 | 23.01 | 6% | 12% |
| FY22 | 24,205 | 806 | 27.25 | 6% | 16% |
| FY23 | 31,525 | 886 | 24.49 | 4% | 14% |
| FY24 | 31,721 | 765 | 21.14 | 4% | 11% |
| FY25 | 34,157 | 1,301 | 35.93 | 6% | 15% |
From insolvency to consistent profits? That’s some Baba-level pranayama.
👀 Part 3: What Changed in 5 Years?
- Margins recoveredpost COVID commodity price madness
- FMCG pushhelped diversify beyond volatile edible oil biz
- Debt
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