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PATANJALI - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.6

Stock Code PATANJALI Market Cap 53,880 Cr. Current Price 496 ₹ High / Low 671 ₹
Stock P/E 37.8 Book Value 111 ₹ Dividend Yield 0.67 % ROCE 15.6 %
ROE 12.1 % Face Value 2.00 ₹ DMA 50 541 ₹ DMA 200 571 ₹
Chg in FII Hold -1.42 % Chg in DII Hold 1.19 % PAT Qtr 517 Cr. PAT Prev Qtr 180 Cr.
RSI 29.2 MACD -14.9 Volume 8,52,969 Avg Vol 1Wk 38,15,856
Low price 484 ₹ High price 671 ₹ PEG Ratio 2.17 Debt to equity 0.24
52w Index 6.29 % Qtr Profit Var 67.2 % EPS 13.1 ₹ Industry PE 23.5

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT surged from ₹180 Cr. to ₹517 Cr. (+67.2%), showing strong growth momentum. EPS at ₹13.1 reflects improving earnings power.
  • Return Metrics: ROE at 12.1% and ROCE at 15.6% indicate moderate efficiency, acceptable but not industry-leading.
  • Debt Position: Debt-to-equity ratio at 0.24 reflects low leverage, ensuring balance sheet stability.
  • Cash Flow: Dividend yield at 0.67% provides modest shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 37.8, higher than industry average of 23.5, indicating premium valuation.
  • P/B Ratio: Current Price ₹496 vs. Book Value ₹111 → ~4.5, trading at a steep premium.
  • PEG Ratio: 2.17, expensive relative to growth prospects.
  • Intrinsic Value: Current valuation appears stretched; intrinsic value likely lower than market price given moderate returns.

🏭 Business Model & Competitive Advantage

  • Patanjali Foods operates in FMCG and edible oils, leveraging strong brand recognition and distribution network.
  • Competitive advantage lies in brand loyalty, Ayurveda positioning, and diversified product portfolio.
  • Profit growth is encouraging, but valuations remain demanding compared to peers.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹480–510, near 52-week low and oversold RSI levels.
  • Long-Term Holding: Suitable for investors seeking exposure to FMCG growth; long-term compounding potential exists, but entry should be cautious given high valuation multiples.

Positive

  • Strong quarterly PAT growth (+67.2%).
  • Low debt-to-equity ratio (0.24), ensuring financial stability.
  • DII holdings increased (+1.19%), showing domestic institutional confidence.
  • RSI at 29.2 indicates oversold condition, potential rebound.

Limitation

  • High P/E ratio (37.8) compared to industry average (23.5).
  • P/B ratio at ~4.5 indicates steep premium valuation.
  • PEG ratio at 2.17 suggests expensive growth-adjusted valuation.
  • Dividend yield modest at 0.67%.

Company Negative News

  • FII holdings reduced (-1.42%), showing lower foreign investor confidence.
  • MACD negative (-14.9), signaling bearish momentum.

Company Positive News

  • Quarterly PAT surged significantly from ₹180 Cr. to ₹517 Cr.
  • DII holdings increased (+1.19%), reflecting domestic institutional support.

Industry

  • FMCG industry P/E at 23.5, much lower than Patanjali’s 37.8, highlighting premium valuation.
  • Sector outlook supported by rising consumer demand and health-focused products.

Conclusion

  • Patanjali Foods demonstrates strong profit growth and brand strength but suffers from high valuation multiples.
  • Debt levels are low, supporting financial stability, but returns remain moderate compared to valuation.
  • Accumulation near ₹480–510 is recommended for cautious investors, with long-term potential tied to FMCG demand and brand-driven growth.

I can also prepare a peer comparison with other FMCG companies to highlight how Patanjali stacks up in terms of valuation, profitability, and growth potential. Would you like me to create that?

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