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Patanjali Foods Limited (PATANJALI) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹450B

PF Patanjali Foods Limited PATANJALI · NSE
Price₹357.50
Fair Value₹157.04
Upside-56.1%
Quality54/100
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Expensive Growth
Thin margins · 4.5% net margin
Low debt · negative free cash flow
Trails peers (5/13)
Narrow moat 42/100
Evidence: High Range ₹118.77 – ₹354.43 Share as image

Fair value as of: Jul 13, 2026

From 17 valuation models · updated 28 days ago

Share price −12.7% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The model range is unusually wide (₹118.77 to ₹354.43). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹662.78 ₹207.15 Fair Value ₹157.04 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range ₹207.15 – ₹662.78 · fair‑value band ₹118.77 – ₹354.43 · the ₹357.50 price screens above the ₹157.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Patanjali Foods Limited (PATANJALI) currently trades at ₹357.50, while our model-based Fair Value estimate is ₹157.04, implying the stock looks roughly 56.1% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Patanjali Foods Limited generated revenue of ₹389B at a net margin of 4.2%. Revenue grew 15.2% year over year. It earns a return on equity of 12.4%. Net debt stands at ₹20.1B. Fundamentals as of Jul 13, 2026

Our scenario range runs from ₹118.77 (bear case) to ₹354.43 (bull case); at ₹357.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at -56%, PATANJALI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹118.77 ₹157.04 ₹469.49 76
ROIC Compounder ₹136.05 ₹179.91 ₹242.49 72
Gordon GGM ₹23.24 ₹50.74 ₹85.37 70
All 17 models by family
DCF Models
Owner Earnings ₹133.31 ₹221.03 ₹369.00 31
Earnings-Based
Graham-Dodd ₹113.42 ₹421.73 ₹570.00 54
Lynch FV ₹101.34 ₹144.77 ₹188.21 50
PEG = 1.0 ₹101.34 ₹144.77 ₹188.21 46
EPV ₹131.61 ₹153.58 ₹173.10 59
Dividend Discount
Gordon GGM ₹23.24 ₹50.74 ₹85.37 70
DDM Multi-Stage ₹23.24 ₹41.56 ₹52.88 61
Multiples
P/E Multiple ₹262.69 ₹350.26 ₹437.82 63
P/S Multiple ₹212.66 ₹283.54 ₹354.43 58
P/B Multiple ₹212.66 ₹283.54 ₹354.43 55
EV/EBIT ₹183.48 ₹242.25 ₹301.03 53
EV/EBITDA ₹164.25 ₹216.62 ₹268.99 54
EV/Revenue ₹133.00 ₹186.93 ₹240.87 43
Asset-Based
NCAV (Graham) ₹60.19 ₹80.66 ₹120.38 50
Economic Profit
Residual Income ₹118.77 ₹157.04 ₹469.49 76
ROIC Compounder ₹136.05 ₹179.91 ₹242.49 72
Growth Earnings
Growth-Adj P/E ₹188.06 ₹268.66 ₹349.26 68

Widest divergence: Growth Earnings (₹268.66) versus Dividend Discount (₹41.56). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹389B
Revenue growth (YoY) +15.2%
Net margin 4.2%
Return on equity 12.4%
Free cash flow −₹14.0B FY2026
P/E ratio 25.2
More key figures
Operating margin 3.6%
EPS (TTM) ₹16.66
EPS growth (YoY) +59.7%
Net debt ₹20.1B FY2026

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 29

Profitability 57
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Patanjali Foods Limited engages in the processing of oil seeds and refining crude oil for edible use in India and internationally. The company operates through Edible Oils, Food & FMCG, Home & Personal Care, and Wind Power Generation segments.

Full company description

Patanjali Foods Limited engages in the processing of oil seeds and refining crude oil for edible use in India and internationally. The company operates through Edible Oils, Food & FMCG, Home & Personal Care, and Wind Power Generation segments. The company offers crude and refined oil; vanaspati, bakery fats, seed extractions, and other related products; mustard, soyabean, sunflower, rice bran, sesame, groundnut, and roasted/virgin coconut oil; palm, castor, and soya derivatives, as well as refined glycerine; and soya value-added products, such as soya flakes, lecithin, textured vegetable protein, grits, flour, TSP, and meal. It also provides crude palm oil; palm kernel oil; palm kernel cake for animal feed and renewable by-products, including shells and fibres; food products comprising dry fruits, ghee, honey, flour, kesar, sugar, salt, juices, fruit beverages/drinks, sharbat, roasted diet, herbal products, rice, pulses, spices, and namkeen products; nutraceuticals, biscuits and confectionery, breakfast cereals, candy, jam, murabba, ketchup, chawanprash, badam and musli pak, noodles, pickles, sauces, sweets, tea products; home, skin, dental, and hair care products; soya chunks and granules, nutrela maxxs millet and nuts. In addition, the company generates electricity from windmills; sports nutrition, nutritional drinks, health supplements, healthy aging, plant-based, and weight gainer products, and trading of various products. It sells its products under the Patanjali, Tulsi, Ruchi No. 1, Dant Kanti, Kesh Kanti, Neem Kanti, Neem Tulsi, Saundarya, Nutrela, Mahakosh, Doodh, Sunrich, Patanjali, Soyumm, Ruchi star, and Ruchi Gold brands. Additionally, it engages in the oil palm plantation activities. The company was formerly known as Ruchi Soya Industries Limited and changed its name to Patanjali Foods Limited in June 2022. Patanjali Foods Limited was incorporated in 1986 and is based in Indore, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Patanjali Foods Limited reported revenue of ₹402B in FY2026 versus ₹239B in FY2022, a compound +13.8%/yr. Reported net income was ₹18.1B in FY2026, compounding +22.5%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹402B
Latest YoY
+17.7%
Avg. growth/yr (3Y)
+8.7%
Avg. growth/yr (5Y)
+20.0%
Avg. growth/yr (21Y)
+10.7%
Revenue +13.8%/yr
FY22 ₹239B
FY23 ₹313B
FY24 ₹317B
FY25 ₹341B
FY26 ₹402B
Net income +22.5%/yr
FY22 ₹8.1B
FY23 ₹8.9B
FY24 ₹7.7B
FY25 ₹13.0B
FY26 ₹18.1B

PATANJALI screens 56% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Patanjali Foods Limited Fair Value". https://www.fairvalue-calculator.com/stock/PATANJALI

Peer Group

Packaged Foods · 653 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Below median
Fair Value upside −56% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 15% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 24.8× · Pricier than median
P/B 3.44× · Pricier than 75% of peers
P/S (TTM) 1.12× · Pricier than median
EV/EBITDA 25.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 29
FUTURE 74 · sector 19
PAST 59 · sector 27
HEALTH 100 · sector 96
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%
PT Siantar Top Tbk, STTP 10,300 IDR 15,316 IDR +49%

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Frequently asked questions

Is Patanjali Foods Limited (PATANJALI) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of ₹157.04 versus a price of ₹357.50, about −56% (overvalued).
What is the fair value of PATANJALI?
Our model-based fair value for Patanjali Foods Limited is ₹157.04 (as of Jul 13, 2026), built from audited fundamentals. The current price is ₹357.50.
What is the quality score of PATANJALI?
Patanjali Foods Limited has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Patanjali Foods Limited (PATANJALI)?
Patanjali Foods Limited reported trailing-twelve-month revenue of about ₹389B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of PATANJALI?
The net profit margin of Patanjali Foods Limited is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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