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Patanjali Foods Limited (PATANJALI) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Patanjali Foods Limited stock ₹120, price ₹412, that is 70.7% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Defensive IN · ISIN INE619A01035

PF Patanjali Foods Limited logo Broad data Nov 8, 2026

Patanjali Foods Limited

PATANJALI · NSE
Very expensive, in a downtrend

Our calculation puts a fair price 71% below what the stock costs today.

Low debt
Broad data
Last quarter vs. a year ago: revenue +27%, profit +86%.
Quality 54/100
Expensive Growth (revenue 5y +20.0 %/yr in INR)
Thin margins · 4.6% net margin (TTM)
Moderate moat 46/100 · thin data
Fair value ₹120.39 · Strongly overvalued (−70.7%)
Negative free cash flow
Trails peers (5/13)
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹658.45 ₹242.26 Fair Value ₹120.39 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range ₹242.26 – ₹658.45 · fair‑value band ₹106.27 – ₹159.29 · the ₹411.50 price screens above the ₹120.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.

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Company profile

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.

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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.

Stock analysis

Patanjali Foods Limited (PATANJALI) currently trades at ₹411.50, while our model-based Fair Value estimate is ₹120.39, 71% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹268.61 per share, and 2 of the 17 models we run sit above the ₹411.50 price.

Bear case: the Dividend Discount group reads lowest at ₹27.88, and 15 of the 17 models stay below the price. Data coverage for this calculation is high.

Scenario range: ₹106.27 (bear) to ₹159.29 (bull), the price of ₹411.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap ₹448B (≈ $4.8B) Mid · P/E ratio 22.7 · P/S ratio 1.05 · EPS (TTM) ₹18.11 · Dividend yield 0.6% · Net margin 4.6% · Return on equity 14.8% · Return on assets (EBIT) 9.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades about 30% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at −71%, PATANJALI screens richer than that median.

Fair Value models

Bear ₹106.27 Fair Value ₹120.39 Bull ₹159.29
Price ₹411.50 · Downside -70.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹11.01 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Owner Earnings ₹21.25 ₹27.90 ₹36.75 78
Residual Income ₹106.27 ₹120.39 ₹159.29 76
EPV ₹96.99 ₹107.91 ₹116.79 74
All 17 models by family
DCF Models
Owner Earnings ₹21.25 ₹27.90 ₹36.75 78
Earnings-Based
Graham-Dodd ₹113.39 ₹421.65 ₹569.88 64
Lynch FV ₹101.32 ₹144.74 ₹188.17 61
PEG = 1.0 ₹101.32 ₹144.74 ₹188.17 57
EPV ₹96.99 ₹107.91 ₹116.79 74
Dividend Discount
Gordon GGM ₹17.00 ₹28.66 ₹37.38 68
DDM Multi-Stage ₹17.00 ₹27.10 ₹30.81 67
Multiples
P/E Multiple ₹262.64 ₹350.19 ₹437.73 63
P/S Multiple ₹212.61 ₹283.48 ₹354.35 58
P/B Multiple ₹437.80 ₹583.74 ₹729.67 55
EV/EBIT ₹157.81 ₹216.57 ₹275.34 66
EV/EBITDA ₹138.59 ₹190.94 ₹243.30 67
EV/Revenue ₹107.34 ₹161.26 ₹215.19 53
Asset-Based
NCAV (Graham) ₹38.74 ₹58.69 ₹73.37 54
Economic Profit
Residual Income ₹106.27 ₹120.39 ₹159.29 76
ROIC Compounder ₹96.99 ₹107.91 ₹116.79 72
Growth Earnings
Growth-Adj P/E ₹188.02 ₹268.61 ₹349.19 67

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Quality Score breakdown

Overall quality 54/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 57
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 76
Debt, balance sheet and risk of trouble
Investment 62
Does it invest with discipline instead of growing at any price?
Low Volatility 82
How calm the share price moves, does not count
Price momentum 33
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 17
Distance to the 52-week high, does not count
New shares 80
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+17.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
Start year 2021 (pandemic). Over 10 years: +2.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 12.9% / 35.5%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 4%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 104% above its own trend.

PATANJALI screens overvalued: fair value 71% below the price. Compare with Nestlé S.A →

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Peer Groupⓘ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.Packaged Foods · 627 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Below median
Fair Value upside −70.7% · Bottom 25%
Profitability
Return on equity (12 months) 14.8% · Top 25%
Return on assets 9.7% · Top 25%
Net margin (12 months) 4.6% · Above median
Operating margin (12 months) 4.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 27.4% · Top 25%
Dividend yield (12 months) 0.6% · Bottom 25%

Valuation Multiplesvs Packaged Foods median · lower = cheaper

P/E (12 months) 22.7× · Pricier than median
P/B 3.42× · Priciest 25%
P/S (12 months) 1.05× · Pricier than median
EV/EBITDA 22.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)100 · sector 25
PAST (return on equity)59 · sector 31
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)12 · sector 55

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

Context: sector, industry, market

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

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Patanjali Foods Limited: fair value per Fair Value Calculator

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

Frequently asked questions

Is Patanjali Foods Limited (PATANJALI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹120.39 versus a price of ₹411.50, about 71% lower (overvalued).
What is the fair value of PATANJALI?
Our model-based fair value for Patanjali Foods Limited is ₹120.39 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹411.50.
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 price target for Patanjali Foods Limited (PATANJALI)?
Our model-based price target is the fair value of ₹120.39 (as of Nov 8, 2026) from 17 valuation models. Cautious scenario ₹106.27, optimistic scenario ₹159.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Patanjali Foods Limited stock forecast for 2026?
Our models put fair value at ₹120.39, about 71% lower versus a price of ₹411.50 (overvalued). Cautious scenario ₹106.27, optimistic scenario ₹159.29. The calculation is refreshed regularly with new filings.
What is the revenue of Patanjali Foods Limited (PATANJALI)?
Patanjali Foods Limited reported trailing-twelve-month revenue of about ₹427B (latest available figure, as of Nov 8, 2026).
Does Patanjali Foods Limited pay a dividend?
Patanjali Foods Limited currently shows a dividend yield of 0.59% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Patanjali Foods Limited (PATANJALI)?
Patanjali Foods Limited has a dividend yield of 0.6%.
What is the intrinsic value of Patanjali Foods Limited (PATANJALI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Patanjali Foods Limited it is ₹120.39 per share (as of Nov 8, 2026), against a price of ₹411.50. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Patanjali Foods Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PATANJALI trades above its calculated fair value: price ₹411.50, fair value ₹120.39, a gap of about −71% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PATANJALI?
No. The price is what the market pays today (₹411.50); the fair value is what the company's own numbers justify (₹120.39). For Patanjali Foods Limited the two are ₹291.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Patanjali Foods Limited worth?
The market values Patanjali Foods Limited at about ₹448B (market capitalisation, as of Nov 8, 2026). Per share that is ₹411.50; our models calculate a fair value of ₹120.39 per share.
What do the bullish and bearish scenarios say about PATANJALI?
Our models span a range for Patanjali Foods Limited: cautious scenario ₹106.27, base ₹120.39, optimistic ₹159.29 per share (as of Nov 8, 2026, price ₹411.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PATANJALI?
Patanjali Foods Limited trades at a price-to-earnings ratio of 22.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹120.39 is built from several models across several years. Other multiples: P/B 3.4, P/S 1.0, EV/EBITDA 22.2.
How solid is the balance sheet of Patanjali Foods Limited (PATANJALI)?
Balance-sheet figures for Patanjali Foods Limited (as of Nov 8, 2026): return on equity 14.8%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is PATANJALI from its 52-week high?
Patanjali Foods Limited trades at ₹411.50, about 30% below its 52-week high of ₹584.45 and 24% above the low of ₹332.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹120.39 is for.
Which stocks are comparable to Patanjali Foods Limited?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Patanjali Foods Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹411.50, calculated fair value ₹120.39 (−71%), Quality Score 54/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PATANJALI calculated?
We run Patanjali Foods Limited through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹120.39 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Patanjali Foods Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Patanjali Foods Limited (PATANJALI)?
The closing price on Nov 6, 2026 was ₹411.50. Our model-based fair value is ₹120.39, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Patanjali Foods Limited right now?
The price sits above even our optimistic bull case (₹159.29). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Patanjali Foods Limited

How large is the market capitalisation of Patanjali Foods Limited (PATANJALI)?
The market capitalisation of Patanjali Foods Limited is ₹448B (≈ $4.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Patanjali Foods Limited (PATANJALI)?
The price-to-sales ratio of Patanjali Foods Limited is 1.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Patanjali Foods Limited (PATANJALI)?
Earnings per share at Patanjali Foods Limited are ₹18.11 (price ÷ EPS = P/E 22.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Patanjali Foods Limited (PATANJALI)?
The dividend yield of Patanjali Foods Limited is 0.6% (payout 13.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Patanjali Foods Limited (PATANJALI)?
The net margin of Patanjali Foods Limited is 4.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Patanjali Foods Limited (PATANJALI)?
The return on equity (ROE) of Patanjali Foods Limited is 14.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Patanjali Foods Limited (PATANJALI)?
On an EBIT basis the return on assets of Patanjali Foods Limited is 9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Patanjali Foods Limited (PATANJALI)?
The operating margin of Patanjali Foods Limited is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Patanjali Foods Limited (PATANJALI)?
Revenue at Patanjali Foods Limited is growing +27.4% versus a year earlier (3y avg +8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Patanjali Foods Limited (PATANJALI)?
Earnings per share at Patanjali Foods Limited are growing +86.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Patanjali Foods Limited (PATANJALI) generate?
The free cash flow of Patanjali Foods Limited is −₹14.0B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Patanjali Foods Limited (PATANJALI) carry?
The net debt of Patanjali Foods Limited is ₹20.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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