L T Foods Ltd
LTFOODSL T Foods Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: annual EPS moved +3.3% against a −24.0% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (3 weeks in) while the P/E sits at the 85th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −15.5% year on year, and 116% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
L T Foods Ltd trades at ₹383, in a downtrend and 3 weeks into that stage. That is −3.6% against its own 200-day average. It sits at 29% of a 52-week range of ₹346 to ₹473. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (15 weeks and counting).
Today the stock is in a downtrend — week 3 of stage 4, confirmed. At ₹383 it trades −3.6% versus its 200-day average and sits at 29% of its 52-week range (₹346–₹473).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +1,563% while the NIFTY 500 moved +266% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (15 weeks and counting; last ahead the week of 2026-05-08) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 85th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
L T Foods Ltd trades at 20.9× P/E, at the pricey end of its own range (85th percentile). Its long-run median P/E is 10.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 20.9× is at the pricey end of its own range (85th percentile), against a long-run median of 10.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +3.3% against a −24.0% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +36.7%/yr price move, ~+16.1%/yr came from earnings growth and ~+20.6 pp from the multiple (expanding); over 10y, of the +29.7%/yr price move, ~+15.3%/yr came from earnings growth and ~+14.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
L T Foods Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 20.2% and holding. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +26.1% | +16.4% | +18.7% | +14.0% |
| Profit | +2.1% | +13.9% | +16.7% | +24.1% |
| EPS | +3.3% | +15.8% | +16.0% | +20.9% |
| Share price | −24.0% | +42.1% | +36.7% | +29.7% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
50.8/100 — rank 3 of 4 in FMCG - Rice · 97% evidence confidence
L T Foods Ltd scores 50.8 out of 100 against the 4 companies it is compared with in FMCG - Rice, ranking 3. Price leads the evidence: RS versus the benchmark is -7.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 13.2 + 17.4 + 5.8 + 14.4 = 50.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
L T Foods Ltd reported ₹2,907 Cr of revenue in the Mar 26 quarter, +30.5% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.0% a year. The last full year, FY26, came in at ₹10,946 Cr. The last four reported quarters add to ₹10,946 Cr.
L T Foods Ltd reported ₹2,907 Cr of revenue in the Mar 26 quarter, +30.5% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.0% a year. The last full year, FY26, came in at ₹10,946 Cr. The last four reported quarters add to ₹10,946 Cr.
FY26 revenue came in at ₹10,946 Cr (+26.1% on the year), capping 10 years at 14.0% compound. The latest quarter (Mar 26) printed ₹2,907 Cr, +30.5% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +26.1% growth against the decade's 14.0% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +26.1% over the last 4 quarters against +18.7%/yr over the last 8 — accelerating; TTM profit +2.1% vs +2.3%/yr — stabilising.
→ Revenue grew — did margins hold as it scaled? Next: 9.0% this quarter (−3.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
L T Foods Ltd's operating margin is 9.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 12.0%. The current quarter is running below every full year in that window.
L T Foods Ltd's operating margin is 9.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0% to 12.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 9.0%, −3.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 10.0%–12.0%.
🚨 Why the margin moved: operating margin went −2.4 pp year on year while gross margin went −5.3 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −15.5% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
L T Foods Ltd earned ₹136 Cr of net profit in the Mar 26 quarter, −15.5% year on year. Full-year FY26 profit was ₹625 Cr. The 10-year compound rate is 24.1%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned ₹161 Cr.
L T Foods Ltd earned ₹136 Cr of net profit in the Mar 26 quarter, −15.5% year on year. Full-year FY26 profit was ₹625 Cr. The 10-year compound rate is 24.1%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned ₹161 Cr.
Mar 26 profit was ₹136 Cr, −15.5% year on year. On the full year, FY26 printed ₹625 Cr (+2.1%), and the 10-year compound rate is 24.1%.
🚨 Why profit moved: revenue contributed +30.5% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +2.5% vs revenue +26.1%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 116% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 116% of L T Foods Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹910 Cr of operating cash against ₹625 Cr of profit. After ₹715 Cr of capital spending, ₹195 Cr was left as free cash.
FY26: operating cash of ₹910 Cr against reported profit of ₹625 Cr, leaving free cash of ₹195 Cr after ₹715 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 116% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 116%: the cash cycle tightened 64 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 2.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹1,481 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
L T Foods Ltd's cash conversion cycle runs 176 days in FY26, down from 240 days in FY21. Capital spending ran ₹1,481 Cr over the last 3 years. At FY26 sales of ₹10,946 Cr each day of that cycle holds about ₹30.0 Cr, so roughly ₹5,278 Cr sits inside the business at any moment.
FY26: debtors at 29 days, inventory at 248 days — roughly 8.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 176 days, tighter than FY21's 240.
The full loop: cash goes out to suppliers and production on day 0; stock waits 248 days to sell; customers pay about 29 days after that; and suppliers themselves are paid at 101 days — netting out to the 176-day cycle.
In money terms: at FY26 sales of ₹10,946 Cr, each day of the cycle holds about ₹30.0 Cr — so the 176-day loop keeps roughly ₹5,278 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,481 Cr over the last 3 fiscal years against ₹584 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹67.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 18% and the ROIC − WACC spread is +0.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
L T Foods Ltd earns a ROCE of 18% in FY26. That is up from a trough of 12% in FY19. Return on invested capital clears the cost of that capital by +0.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 5.7% net margin on 1.21× asset turns.
FY26 ROCE is 18%, recovered from a FY19 trough of 12% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 5.7% net margin × 1.21× asset turns × 2.00× balance-sheet leverage ≈ 13.8% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 12.7% − 12.0% = a +0.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.36.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
L T Foods Ltd carries total debt of ₹1,610 Cr against shareholder equity of ₹4,520 Cr as of Mar 26, a debt-to-equity of 0.36. On the annual view that ratio went from 0.61 in FY22 to 0.36 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹1,610 Cr against shareholder equity of ₹4,520 Cr — a debt-to-equity of 0.36. On the annual view, debt-to-equity went from 0.61 (FY22) to 0.36 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 5.2 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 5.2 points of L T Foods Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 10.8% of the company. Foreign institutions moved +2.3 points over the same window, to 8.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +5.2 points over 8 quarters to 10.8%; Foreign institutions: +2.3 points over 8 quarters to 8.2%; Promoters: +0.0 points over 8 quarters to 51.0%.
Why the register moved: domestic institutions drove it (+5.2 points), alongside foreign institutions (+2.3 points) — steady accumulation by institutions reading the same numbers this page reads.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
L T Foods Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| L T Foods Ltd this page | 20.9× | ₹13,043 Cr | Mixed | |||
| L T Foods Ltd | 21.0× | ₹13,664 Cr | Consistent | |||
| KRBL Ltd | 12.4× | ₹8,028 Cr | Topping out | |||
| GRM Overseas Ltd | 25.1× | ₹1,869 Cr | Mixed | |||
| Chamanlal Setia Exports Ltd | 12.1× | ₹1,391 Cr | Improving |
Frequently asked questions
What is L T Foods Ltd's share price today?
L T Foods Ltd trades at ₹383, −24.0% over the past year. The company is valued at ₹13,043 Cr. The stock sits at 29% of its 52-week range of ₹346–₹473, −3.6% versus its 200-day average. On the tape, the price is in a downtrend, 3 weeks in. — as of 24 July 2026.
What were L T Foods Ltd's latest quarterly results?
L T Foods Ltd reported revenue of ₹2,907 Cr and net profit of ₹136 Cr for the Mar 26 quarter. Revenue rose 30.5% and profit fell 15.5% year on year. Earnings per share were ₹3.91. The operating margin was 9.0%, 3.0 pp lower than a year earlier. — as of 24 July 2026.
What is L T Foods Ltd's revenue?
L T Foods Ltd reported revenue of ₹2,907 Cr in the Mar 26 quarter, +30.5% year on year. For the full FY26 fiscal year, revenue was ₹10,946 Cr (+26.1%). Over the last 10 years revenue compounded at 14.0% a year. — as of 24 July 2026.
What is L T Foods Ltd's profit?
L T Foods Ltd earned ₹136 Cr of net profit in the Mar 26 quarter, −15.5% year on year. Full-year FY26 profit was ₹625 Cr. The operating margin ran 9.0% in the latest quarter. — as of 24 July 2026.
What is L T Foods Ltd's market cap?
L T Foods Ltd's market capitalisation is ₹13,043 Cr at a share price of ₹383. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is L T Foods Ltd's P/E ratio?
L T Foods Ltd trades at a P/E of 20.9×, at the 85th percentile of its own 10-year range, against a long-run median of 10.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does L T Foods Ltd pay a dividend?
Yes — L T Foods Ltd's dividend payout was 17% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is L T Foods Ltd overvalued?
On its own history, L T Foods Ltd looks expensive against its own history: its P/E of 20.9× sits at the 85th percentile of its 10-year range (long-run median 10.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is L T Foods Ltd growing?
Not right now — L T Foods Ltd's latest numbers are shrinking: latest-quarter revenue +30.5% year on year, profit −15.5%, and the margin −3.0 pp at 9.0%. The 10-year compound rates are 14.0% (revenue) and 24.1% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is L T Foods Ltd performing?
L T Foods Ltd is in a downtrend, 3 weeks in. Its latest quarter's revenue rose 30.5% and profit fell 15.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 15 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is L T Foods Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 20.2% and holding. The read comes from the last 12 quarters of growth (revenue growth +26.1% latest, profit growth +2.1% latest, eps growth +3.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is L T Foods Ltd in an uptrend?
No — the price is in a downtrend (week 3 of stage 4), trading −3.6% versus its 200-day average and at 29% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is L T Foods Ltd beating the market?
Not lately — on a trailing-13-week view L T Foods Ltd is currently behind the NIFTY 500 (15 weeks and counting; last ahead the week of 2026-05-08), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +1,563% against the NIFTY 500's +266% — ahead of the index over the full window. — as of 24 July 2026.
Will L T Foods Ltd's share price go up?
This page publishes no price forecast for L T Foods Ltd. What it measures instead: the share price is ₹383, the price is in a downtrend 3 weeks in. Its P/E of 20.9× sits at the 85th percentile of its own 10-year range. — as of 24 July 2026.
Who owns L T Foods Ltd?
Promoters hold 51.0% of L T Foods Ltd, foreign institutions 8.2%, domestic institutions 10.8% and the public 29.9% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 5.2 points over 8 quarters. — as of 24 July 2026.
Does L T Foods Ltd have too much debt?
It is moderate — L T Foods Ltd's debt-to-equity is 0.36, and operating profit covers the interest bill 9×. FY26 borrowings were ₹1,610 Cr against equity of ₹4,521 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is L T Foods Ltd's capex?
L T Foods Ltd spent ₹1,481 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹715 Cr, with ₹67.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is L T Foods Ltd's cash flow?
L T Foods Ltd generated ₹910 Cr of operating cash flow in FY26 and ₹195 Cr of free cash flow after ₹715 Cr of capital spending. Reported profit that year was ₹625 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is L T Foods Ltd's profit real cash?
Yes — over the last 3 fiscal years, 116% of L T Foods Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹910 Cr against reported profit of ₹625 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is L T Foods Ltd in its business cycle?
L T Foods Ltd's FY26 operating margin was 11.0%, against a 13-year band of 10.0%–12.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the L T Foods Ltd story?
The sharpest disagreement: annual EPS moved +3.3% against a −24.0% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is L T Foods Ltd a stock worth studying right now?
This is not investment advice. The machine read: L T Foods Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.