# Prataap Snacks share price today (Prataap Snacks Ltd, NSE: DIAMONDYD)

> Prataap Snacks share price today: ₹1,067.50 at the NSE close on 3 November 2026, down 1.8% in a year. Prataap Snacks (NSE: DIAMONDYD) is worth ₹2,555 crore, trades at a P/E of 665.5 and has closed between ₹908.00 and ₹1,227.40 over the past 52 weeks. > Prataap Snacks Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DIAMONDYD · FMCG - Snacks · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/prataap-snacks-ltd

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹1,067.50 (−1.8% in a year)
- P/E: 665.5× (higher than 100% of the last 9.1 years)
- Revenue (Sep 2026): ₹544 Cr (+25.9% on a year ago)
- Profit (Sep 2026): −₹2.8 Cr (−159.3% on a year ago)
- Operating margin: 2.4% (−2.9 points on a year ago)
- ROCE: 3%, FY26
- ROIC: 0.7%, against a 12.0% cost of capital: −11.3 points

Biggest thing to watch: the P/E is higher than 100% of its own history, so the multiple has already done part of the work. ## What is the Prataap Snacks share price today? Prataap Snacks Ltd's share price was ₹1,067.50 at the close on 3 November 2026. It has been rising for 19 weeks. That is 1.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹908 and ₹1,227, and at that close it sat 50% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running. Over the last 9.1 years the share price moved −16% while the NIFTY 500 moved +149%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Prataap Snacks this quarter? Three changes stood out: foreign funds (FIIs) cut their stake for 7 quarters in a row, profit fell in the September 2026 quarter and promoters raised their stake for 3 quarters in a row. 1. Foreign funds (FIIs) cut their stake for 7 quarters in a row From 7.4% to 4.2% of the company by the September 2026 quarter. 2. Profit fell in the September 2026 quarter Profit was ₹-3 crore, -159.3% on a year earlier (₹5 crore), after 3 quarters of growth. 3. Promoters raised their stake for 3 quarters in a row From 54.8% to 58.8% of the company by the September 2026 quarter. ## What are Prataap Snacks' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Prataap Snacks reported revenue of ₹544 crore, up 25.9% from ₹432 crore a year earlier, and a loss of ₹2.75 crore, down 159.3% from ₹4.64 crore. ### Prataap Snacks results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹544 crore | ₹432 crore | +25.9% |
| Profit | loss of ₹2.75 crore | ₹4.64 crore | −159.3% |
| Earnings per share | ₹−1.15 | ₹1.94 | −159.3% |
| Operating margin | 2.4% | 5.3% | −2.9 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 28 September 2026, about April to June 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Prataap Snacks share price history? Prataap Snacks closed at ₹1,067.50 on 3 November 2026, down 1.8% from ₹1,087.50 a year earlier (31 October 2025) and up 51.8% over five years. Its highest weekly close since October 2017 was ₹1,401.95 on 20 April 2018. ### Prataap Snacks share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,034.60 | +3.2% |
| 1 month ago · 1 Oct 2026 | ₹1,073.00 | −0.5% |
| 6 months ago · 30 Apr 2026 | ₹995.50 | +7.2% |
| 1 year ago · 31 Oct 2025 | ₹1,087.50 | −1.8% |
| 3 years ago · 3 Nov 2023 | ₹865.10 | +23.4% |
| 5 years ago · 4 Nov 2021 | ₹703.15 | +51.8% |
| Earliest weekly close in our records · 6 Oct 2017 | ₹1,277.55 | −16.4% |
| Highest weekly close since October 2017 · 20 Apr 2018 | ₹1,401.95 | −23.9% |
| Lowest weekly close since October 2017 · 8 May 2020 | ₹445.60 | +139.6% |
| 52-week high (weekly close) · 7 Aug 2026 | ₹1,227.40 | −13.0% |
| 52-week low (weekly close) · 20 Mar 2026 | ₹908.00 | +17.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (480 weekly closes from 6 October 2017 to 3 November 2026.)

## What is the latest news on Prataap Snacks? 3 Nov 2026: Prataap Snacks closed at ₹1,067.50, up 3.2% on the week and down 0.5% on the month. Results for July to September 2026: Revenue up 25.9% and profit down 159.3% on a year earlier. ### Earlier

- 28 Sep 2026: Prataap Snacks held its results call for April to June 2026. Management guided: FY27 revenue growth at double-digit levels. - 18 Sep 2026: ex-date for a dividend of ₹0.50 a share. - Our read, 19 Jul 2026: Prataap Snacks runs the third-largest branded snacks network in India (2 million+ outlets), with its biggest structural lever, distribution compression, already executed (costs cut from 14% to ~10% of revenue). FY24 operating profit rose 126% to 141 Cr on the back of input cost normalization and network restructuring, with management aiming for double-digit operating margin. ### Our read of the business

Prataap Snacks runs the third-largest branded snacks network in India (2 million+ outlets), with its biggest structural lever, distribution compression, already executed (costs cut from 14% to ~10% of revenue). FY24 operating profit rose 126% to 141 Cr on the back of input cost normalization and network restructuring, with management aiming for double-digit operating margin. Latest quarter: Input cost spike reverses FY24 gains, operating profit back to 4.3% as potato prices surge 60 to 65%. (Our read after the latest results, written 19 July 2026.)

## What dividend does Prataap Snacks pay? Prataap Snacks paid ₹0.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.05% at the ₹1,067.50 close on 3 November 2026. The last was a dividend of ₹0.50 a share, ex-date 18 September 2026. ### Prataap Snacks dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 18 Sep 2026 | ₹0.50 | Dividend | same day |
| 31 Jul 2025 | ₹0.50 | Dividend | same day |
| 13 Sep 2024 | ₹2 | Dividend | 16 Sep 2024 |
| 27 Jul 2023 | ₹1 | Dividend | same day |
| 26 Jul 2022 | ₹0.50 | Dividend | 27 Jul 2022 |
| 28 Jul 2021 | ₹0.50 | Dividend | 29 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Prataap Snacks Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 7 of its last 15 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Prataap Snacks management say on the latest results call? On the call for April to June 2026, held on 28 September 2026, Prataap Snacks' management guided: FY27 revenue growth at double-digit levels. > “We do not want to invest even a single rupee in expanding distribution because the entire idea is to leverage the existing distribution first.”
> Sumit Sharma, CFO, on the call for April to June 2026

### What management guided

- Structural cost savings of 2%-3% over the medium term across operations, logistics and channels. - Sustainable operating margin of approximately 9%-10% over the next 2-3 years. - Logistics savings of 75-100 basis points through lower inter-unit transfers. - Distributor margin can move toward 8% without disrupting sales. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/20905-28-Sep-2026.pdf). (From the call for April to June 2026, 28 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Prataap Snacks? What is changing in the business? What is changing at Prataap Snacks, from the latest results and calls: distribution cost compression, namkeen category expansion and pli scheme benefit. - Distribution Cost Compression. Direct distribution reduced channel costs from 14% to ~10% of revenue, a permanent 3 to 4 percentage point operating profit gain that does not require commodity cooperation. ⚠ estimate
- Namkeen Category Expansion. Namkeen grew 16% in FY24 and is planned to reach 20 to 23% of revenue (from under 13%), reducing dependence on the commoditized potato chips segment. ⚠ estimate
- PLI Scheme Benefit. PLI benefits of 26 to 27 Cr planned for FY24 at 14% revenue growth; scheme extends to FY27, providing a non-recurring but meaningful profit boost contingent on growth thresholds. ⚠ estimate
- Operating Leverage on Scale-Up. At 60% capacity utilization, an increase to 80% would add contribution without proportionate fixed cost growth, with Jammu and Rajkot plants expanding total capacity potential to 2,600 to 2,700 Cr annually. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 19 July 2026.)

## What could change the Prataap Snacks story? What are the risks? If operating margin crosses 9% for two consecutive quarters with potato prices still elevated, demonstrating that the distribution savings and premiumization are real operating levers independent of commodity tailwinds, the thesis strengthens materially. Conversely, if promoter stake falls below 50% or operating margin remains stuck below 6% through FY26, the thesis fails: this becomes a commodity-input lottery with no durable margin architecture. ### Each change stops working if

- Distribution Cost Compression: Revenue growth requires reinstating wholesale distribution (e.g., rural reach reversion) or transportation cost inflation offsets the savings from route optimization. - Namkeen Category Expansion: Competitive intensity in Namkeen increases from national players (ITC, Haldirams) entering the same price points, eroding the category-share and per-unit margin advantage. - PLI Scheme Benefit: Revenue growth falls below the 10% yearly growth threshold from FY20, triggering a PLI reversal as happened in FY23. - Operating Leverage on Scale-Up: Demand environment stays soft (rural income pressure) and capacity utilization stays at 60%, meaning fixed cost dilution does not materialize and the new facilities remain a drag on ROCE. ### The main risks

- Commodity Input Cost Volatility: Potato prices rose 60 to 65% year-on-year in July to September 2024, causing operating profit to fall from 8.7% to 4.3% in one quarter, the ₹5 price point creates a structural ceiling on cost pass-through. ✓ fact
- Stale Data, 13 Quarters Behind: The last available quarterly print is Mar 2023; 13 quarters of fundamental data are missing, making any near-term profit or operating profit projection highly uncertain. ✓ fact
- Competition from Unorganized and Large Players: Local unorganized players gained 3% market share in potato chips in the prior 1.5 years; ITC and national players compete in Namkeen, the growth segments face two-front competition. ✓ fact

(Our read after the latest results, written 19 July 2026.)

## What to watch in Prataap Snacks' next results? When Prataap Snacks reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Quarterly revenue growth versus the FY27 framework - check whether packet-volume momentum continues without a renewed price-volume trade-off. - What to check (from the call)
- Quarterly revenue growth versus the FY27 framework - check whether packet-volume momentum continues without a renewed price-volume trade-off. - Operating margin trajectory - check whether input inflation causes the stated near-term compression before structural savings begin to show. - Indore automation and inter-unit logistics actions - check for implementation milestones and visible freight or operating-cost savings. - Namkeen distribution and higher-price-point traction - check whether category reach expands and family-pack mix becomes measurable. ## Which stock lists is Prataap Snacks on? Prataap Snacks is not on any of our India lists this week. ## Is Prataap Snacks profitable? Prataap Snacks Ltd posted a net loss of ₹2.8 Cr in the Sep 2026 quarter. Full-year FY26 profit was ₹10.0 Cr. Over 10 years profit has grown −9.5% a year on average. That loss is 0.5% of the quarter's revenue. The same quarter a year earlier earned ₹4.6 Cr. 3 of the last 12 reported quarters were loss-making. Sep 2026 profit was −₹2.8 Cr, −159.3% on a year earlier. ## How much revenue does Prataap Snacks make, and is it growing? Prataap Snacks Ltd reported ₹544 Cr of revenue in the Sep 2026 quarter, +25.9% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 8.6% a year on average. The last full year, FY26, came in at ₹1,725 Cr. The last four reported quarters add to ₹1,918 Cr. FY26 revenue was ₹1,725 Cr, +1.0% on the year before. Recent pace: the last four quarters grew +13.6% on average, against 8.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.6%, against +7.5% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does Prataap Snacks keep? Prataap Snacks Ltd's operating margin was 2.4% in the Sep 2026 quarter, 2.9 percentage points lower than the same quarter a year ago. Across 15 years it has been between 2.9% and 11.0%. The latest quarter is below every full year in that period. Why this happened. The distribution network redesign, shifting from indirect wholesale to direct truckload delivery, is the clearest structural improvement in the business. More than 90% of sales now flow through direct distributors. Management cited 3.25% savings in FY23 and expects another 0.5 to 1% from mapping goal markets with production facilities. This lever has already fired; the question is whether additional optimization remains. Why the margin moved: operating margin changed −2.9 percentage points on the year while gross margin changed −4.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Prataap Snacks' profit turning into cash? Over the last 3 years, 310% of Prataap Snacks Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹50.0 Cr of operating cash against ₹10.0 Cr of profit. After ₹38.0 Cr of spending on assets, ₹12.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 310% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Prataap Snacks' cash go? Prataap Snacks Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 10 days in FY26, down from 27 days in FY21. It spent ₹166 Cr on assets over the last 3 years. Customers take 5 days to pay, and stock sits for 39 days on average. At FY26 sales of ₹1,725 Cr, each day of that cycle ties up about ₹4.7 Cr, so roughly ₹47.0 Cr is tied up in the business at any time. FY26: customers took 5 days to pay and stock sat for 39 days, about 1.3 months of sales sitting as stock, for a full cycle of 10 days, shorter than FY21's 27. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 39 days. Customers pay about 5 days after that. Suppliers are paid at 33 days. Together that makes the 10-day cycle. Spending on assets: ₹166 Cr over the last 3 years, against ₹202 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Prataap Snacks' P/E ratio, and how does it compare with its own history? Prataap Snacks Ltd's P/E is 665.5×, about the highest it has ever been. Its usual P/E (the middle reading) is 92.9×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹1.72. Where the price move came from: over 5 years the price moved +8.7% a year; about −10.7% a year came from earnings growth and about +19.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Prataap Snacks business getting better or worse? Prataap Snacks Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 1.5%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the Prataap Snacks story, and has it been checked? Prataap Snacks Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: EARLY EXPANSION. From the numbers. The…

From the price. Price stage 2, week 19, below its 200-day line, relative strength falling. From the research. Where they disagree. OPM at 4.9% is at the 39th percentile vs own history, mid-cycle, not trough. FII stake-cutting signal adds a headwind. What is not proven yet. If EBITDA margin crosses 9% for two consecutive quarters with potato prices still elevated, demonstrating that the distribution savings and premiumization are real operating levers independent of commodity tailwinds, the thesis strengthens materially. Conversely, if promoter stake falls below 50% or EBITDA margin remains stuck below 6% through FY26, the thesis fails: this becomes a commodity-input lottery with no durable margin architecture. What would change our mind. If EBITDA margin crosses 9% for two consecutive quarters with potato prices still elevated, demonstrating that the distribution savings and premiumization are real operating levers independent of commodity tailwinds, the thesis strengthens materially. Conversely, if promoter stake falls below 50% or EBITDA margin remains stuck below 6% through FY26, the thesis fails: this becomes a commodity-input lottery with no durable margin architecture. The test written in advance. Commodity Input Cost Volatility. Measured by: Commodity Input Cost Volatility by the next result. The test written in advance. Promoter stake Decline. Measured by: Promoter stake Decline by the next result. What the company does. Prataap Snacks runs the third-largest branded snacks network in India (2 million+ outlets), with its biggest structural lever, distribution compression, already executed (costs cut from 14% to ~10% of revenue). FY24 EBITDA rose 126% to 141 Cr on the back of input cost normalization and network restructuring, with management aiming for double-digit EBITDA margins. What the surface reading misses. The surface reading is: ROCE 1% is extremely low, deteriorating business quality The research reads it further: ROCE at 0th percentile of own 7-year history, but the through-cycle ROCE is 7% (per cycle normalized). The decline from 15% peak (FY18) to 1% (FY23) is driven by two things: (1) capex for new plants (Jammu/Rajkot under PLI, fixed assets rose from 268 Cr in FY18 to 581 Cr in FY23) diluted the denominator while operating profit stayed low; (2) OPM at 4% in FY23 vs 9% in FY18 is the primary numerator problem. This is a cyclical operating trough on an asset-intensive base, not permanent capital destruction. What the surface reading misses. Lever 1 · Operating leverage: building. Direct distribution reduced channel costs from 14% to ~10% of revenue, a permanent 3 to 4 percentage point EBITDA gain that does not require commodity cooperation. What proves it keeps working: Distribution Cost Compression. It stops working if Revenue growth requires reinstating wholesale distribution (e.g., rural reach reversion) or transportation cost inflation offsets the savings from route optimization. Lever 2 · Value-added mix: building. Namkeen grew 16% in FY24 and is planned to reach 20 to 23% of revenue (from under 13%), reducing dependence on the commoditized potato chips segment. What proves it keeps working: Namkeen Category Expansion. It stops working if Competitive intensity in Namkeen increases from national players (ITC, Haldirams) entering the same price points, eroding the category-share and per-unit margin advantage. Lever 3 · Management change: building. PLI benefits of 26 to 27 Cr planned for FY24 at 14% revenue growth; scheme extends to FY27, providing a non-recurring but meaningful PAT boost contingent on growth thresholds. What proves it keeps working: PLI Scheme Benefit. It stops working if Revenue growth falls below the 10% CAGR threshold from FY20, triggering a PLI reversal as happened in FY23. Lever 4 · Paying down debt: building. At 60% capacity utilization, an increase to 80% would add contribution without proportionate fixed cost growth, with Jammu and Rajkot plants expanding total capacity potential to 2,600 to 2,700 Cr annually. What proves it keeps working: Operating Leverage on Scale-Up. It stops working if Demand environment stays soft (rural income pressure) and capacity utilization stays at 60%, meaning fixed cost dilution does not materialize and the new facilities remain a drag on ROCE. Sources: our stock research file (19 July 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Prataap Snacks management deliver what it promised? What Prataap Snacks Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Margin goal delayed and narrowed · 28 September 2026. In November 2024, management said a 4%-5% structural improvement would take EBITDA to around 10% within 1-1.5 years, and in May 2022 it had planned double-digit margins. In September 2026, it instead gave a 9%-10% sustainable operating-profit aspiration over the next 2-3 years; even allowing for the metric wording difference, this represents a material delay and was not reconciled. South manufacturing model reversed · 28 September 2026. November 2024 said the Bangalore third-party operation had been closed and its lines integrated into the company's own facility. September 2026 instead says the South operation was consolidated into a third-party Tumkur facility, reversing the previously disclosed ownership and sourcing model; the latest logistics rationale does not reconcile the reversal. New Indore facility conflicts with prior capex outlook · 28 September 2026. November 2024 stated that capacity capex was largely complete and that no significant near-term capex was expected. September 2026 reports an already initiated, fully automated Indore facility, which is a material new manufacturing spending and a changed footprint plan that management does not reconcile with the earlier outlook. Distribution expansion materially deprioritized · 28 September 2026. May 2022 described geographic distribution expansion as an ongoing strategy. although limited additions remain, this is a material deprioritization of the earlier expansion-led approach and is not explicitly reconciled. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Prataap Snacks earn on its capital? Prataap Snacks Ltd earned a ROCE of 3% in FY26. That is up from a low of −1% in FY25. Its return on capital used (ROIC) is 11.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.6% net margin and 1.86× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 0.6% net margin × 1.86× asset turnover × 1.32× leverage (assets divided by equity) ≈ 1.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 0.7% − 12.0% = −11.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Prataap Snacks have too much debt? Prataap Snacks Ltd has total debt of ₹75.0 Cr against shareholder equity of ₹699 Cr as of Sep 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.13 in FY22 to 0.06 in FY26. So the returns on this page come from the business, not from borrowed money. Why this happened. Combined revenue capacity from Jammu and Rajkot expansions is guided at 2,600 to 2,700 Cr annually, versus FY23 revenue of 1,653 Cr. If demand recovers to allow utilization above 70 to 75%, the incremental margin on new revenue is structurally higher than the current EBITDA average. ## What is the Prataap Snacks shareholding pattern? Foreign institutions cut their stake in Prataap Snacks Ltd by 2.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 4.2% of the company. Domestic institutions moved −0.9 points over the same period, to 8.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. FY24 PLI benefit accrued annually. The base for FY25/26 is ~1,575 Cr excluding potato chips, requiring 10% CAGR from FY20. This is a binary catalyst, above threshold triggers the payment, below gets nothing. The FY23 PLI reversal (failed to meet threshold) is a warning that the benefit is not guaranteed. Over the last two years: Foreign institutions: −2.1 points over 8 quarters, to 4.2%; Domestic institutions: −0.9 points over 8 quarters, to 8.1%; Promoters: −0.7 points over 8 quarters, to 58.8%. Why the owners changed: foreign institutions drove it (−2.1 points), together with domestic institutions (−0.9 points). They reduced their stake. ## How far is Prataap Snacks from balance-sheet trouble? For Prataap Snacks Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Prataap Snacks rank in its industry? 47.6 out of 100, rank 3 of 3 in FMCG - Snacks, with 72% of the evidence available. Prataap Snacks Ltd scores 47.6 out of 100 against the 3 companies it is compared with in FMCG - Snacks, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 24 + 5.6 + 7.3 + 10.7 = 47.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Prataap Snacks compared with? Prataap Snacks ranks 3 of 3 FMCG - Snacks companies on the 4-Factor Sector Score, with 47.6 out of 100. 1. [Gopal Snacks Ltd](https://www.sectoralpha.in/stocks/gopal-snacks-ltd) GOPAL · quiet · Evidence leans up · 83% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.2/35 · Revenue 12.1% · Profit 100% · Operating margin change 2.3 points · 88% evidence Capital efficiency 8.2/25 · ROCE 11.7% · Operating margin 7% · 100% evidence Valuation 10.0/20 · P/E 54.9× · PEG n/a · 35% evidence Relative strength 10.9/20 · Lead over its industry 0.5% · Lead over NIFTY 500 -11.3% · 1 year -31.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 29.2 + 8.2 + 10 + 10.9 = 58.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Bikaji Foods International Ltd](https://www.sectoralpha.in/stocks/bikaji-foods-international-ltd) BIKAJI · quiet · Evidence leans up · 93% evidence 52.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Revenue 13.9% · Profit 30.1% · Operating margin change -2 points · 88% evidence Capital efficiency 18.3/25 · ROCE 19.8% · Operating margin 13% · 100% evidence Valuation 11.9/20 · P/E 43.3× · PEG 2.04 · 85% evidence Relative strength 0.0/20 · Lead over its industry -15.7% · Lead over NIFTY 500 -25.6% · 1 year -38.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22 + 18.3 + 11.9 + 0 = 52.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Prataap Snacks Ltd this page DIAMONDYD · quiet · Evidence leans down · 72% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 13.6% · Profit 100% · Operating margin change -2.9 points · 100% evidence Capital efficiency 5.6/25 · ROCE 0.9% · Operating margin 2.4% · 100% evidence Valuation 7.3/20 · P/E 654× · PEG n/a · 35% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 1.5% · 1 year -3.5% · 25% evidence · 2 of 12 weeks ahead Exact sum: 24 + 5.6 + 7.3 + 10.7 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [FMCG - Snacks](https://www.sectoralpha.in/sectors/fmcg-snacks), all 3 compared on one page. ## Which companies are close to Prataap Snacks in size? Prataap Snacks is the 3rd largest of 3 FMCG - Snacks companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Bikaji Foods International and Gopal Snacks. It is the smallest. ### FMCG - Snacks companies close in size

1. [Bikaji Foods International Ltd](https://www.sectoralpha.in/stocks/bikaji-foods-international-ltd) ₹11,317 crore
2. [Gopal Snacks Ltd](https://www.sectoralpha.in/stocks/gopal-snacks-ltd) ₹3,018 crore
3. Prataap Snacks Ltd ₹2,511 crore

[All 3 FMCG - Snacks companies, largest first](https://www.sectoralpha.in/sectors/fmcg-snacks#all-companies)

### Companies close in size in other industries

1. [Colab Platforms Ltd](https://www.sectoralpha.in/stocks/colab-platforms-ltd) ₹2,521 crore · IT Enabled Services/Business Process Outsourcing
2. [Marathon Nextgen Realty Ltd](https://www.sectoralpha.in/stocks/marathon-nextgen-realty-ltd) ₹2,517 crore · Realty - Regional
3. Prataap Snacks Ltd ₹2,511 crore
4. [DDev Plastiks Industries Ltd](https://www.sectoralpha.in/stocks/ddev-plastiks-industries-ltd) ₹2,507 crore · Plastics - Plastic & Plastic Products
5. [Tasty Bite Eatables Ltd](https://www.sectoralpha.in/stocks/tasty-bite-eatables-ltd) ₹2,497 crore · FMCG - Contract Mfg

## What else do people ask about Prataap Snacks? ### What is Prataap Snacks's share price today? Prataap Snacks Ltd's share price is ₹1,067.50, −1.8% over the past year. The whole company is worth ₹2,555 Cr on the market. In the last 52 weeks it traded between ₹908 to ₹1,227; today it is 50% of the way up from the low, 1.9% below its 200-day average (as of 3 November 2026). ### What were Prataap Snacks's latest quarterly results? Prataap Snacks Ltd reported revenue of ₹544 Cr and a net loss of ₹2.8 Cr for the Sep 2026 quarter. Revenue rose 25.9% and profit fell 159.3% compared with a year earlier. Earnings per share were −₹1.15. The operating margin was 2.4%, 2.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is Prataap Snacks's market cap? Prataap Snacks Ltd's market capitalisation is ₹2,555 Cr at a share price of ₹1,067.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Prataap Snacks performing? Prataap Snacks Ltd's share price has been rising for 19 weeks. In its latest quarter, revenue rose 25.9% and profit fell 159.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 8 weeks running (as of 3 November 2026). ### Will Prataap Snacks's share price go up? This page does not forecast Prataap Snacks Ltd's share price. What it shows instead: the share price is ₹1,067.50, and it has been rising for 19 weeks. Its P/E of 665.5× is higher than 100% of its own last 9 years (as of 3 November 2026). ### Who owns Prataap Snacks? Promoters own 58.8% of Prataap Snacks Ltd, foreign institutions 4.2%, domestic institutions 8.1% and the public 28.9% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 2.1 percentage points over 8 quarters (as of 3 November 2026). ### Does Prataap Snacks have too much debt? No, Prataap Snacks Ltd has little debt: its debt is 0.06× its equity, and its operating profit is 12 times its interest bill. FY26 borrowings were ₹45.0 Cr against equity of ₹700 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Prataap Snacks in its business cycle? Prataap Snacks Ltd's FY26 operating margin was 4.7%, against a 15-year range of 2.9% to 11.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 2.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Prataap Snacks story? Biggest thing to watch: the P/E is higher than 100% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Prataap Snacks a stock worth studying right now? What the numbers show: Prataap Snacks Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Prataap Snacks share price forecast for 2026? What management itself guided: FY27 revenue growth at double-digit levels. What is changing at Prataap Snacks, from the latest results and calls: distribution cost compression, namkeen category expansion and pli scheme benefit. What would change the story: If operating margin crosses 9% for two consecutive quarters with potato prices still elevated, demonstrating that the distribution savings and premiumization are real operating levers independent of commodity tailwinds, the thesis strengthens materially. Conversely, if promoter stake falls below 50% or operating margin remains stuck below 6% through FY26, the thesis fails: this becomes a commodity-input lottery with no durable margin architecture. This is research, not advice. We’re not SEBI-registered.