Patanjali Foods Limited (Ruchi Soya) is very popular in the edible oil and food processing industry and has seen growth in the last few years. Earlier it was known as Ruchi Soya Industries Limited, but now its name has been changed to Patanjali Foods Limited.
If we look at the quarterly results of June 2023, the company earned a profit of Rs 88 crore, whereas in the standalone figures of 2023, the profit is Rs 733 crore. In this forecast, we will predict the share price of Patanjali Foods Limited for the year 2024 to 2030.
Of course, the company is hugely profitable and has seen a compounded profit growth of up to 57% in three years. And we can expect good returns in the long term perspective.
On the last day of trading this week, the open price of Patanjali Foods was Rs 1301.9 and the close price was Rs 1309.1. The highest level of the share was Rs 1311.9 and the lowest level was Rs 1301.9.
Patanjali Foods Share Price Target
We are here to predict Patanjali Foods Limited’s share price for the years 2024, 2025, 2026, 2028 and 2030. The target price is based on our research, experience and technical analysis.
Patanjali Foods Growth Rate
Market experts say that the share of Patanjali Foods Limited has an upward trend for the next two years and the estimated share price for the year 2025 can be Rs 1755.00 to Rs 1875.00.
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2024
| Low | Rs 1490.54 |
| High | Rs 1645.12 |
2025
| Low | Rs 1665.43 |
| High | Rs 1820.22 |
2026
| Low | Rs 1750.20 |
| High | Rs 1915.74 |
2028
| Low | Rs 2250.42 |
| High | Rs 2435.25 |
2030
| Low | Rs 2700.40 |
| High | Rs 3075.50 |
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Fundamentals of Patanjali Foods Ltd
The acquisition of Ruchi Soya by Baba Ramdev (a well-known consumer goods and FMCG group) in 2019 gave new energy to Ruchi Soya. Later, expanded its food product range and leveraged the brand value of Patanjali. It has a rich history of serving the Indian market with edible oils and other food products.
Future Growth Prospects
- Industry Growth: The edible oil and food processing industry in India is witnessing steady growth due to changing dietary preferences and increasing disposable income. Ruchi Soya is well-positioned to benefit from this trend.
- Market Expansion: Ruchi Soya's partnership with Patanjali has opened doors to a wider distribution network and increased market penetration. The company is looking to expand its reach across India for long-term growth.
- Product diversification: It has strong management and is able to diversify its product portfolio beyond edible oils to include soy-based products and health foods, which may contribute to increased revenue streams.
- Debt: The company has reduced its debts in recent years.
Patanjali Foods Ltd (Ruchi Soya) Overview
Ruchi Soya Industries Limited was established in 1986 by Dinesh Sahara to produce soybean edible oil. The company was acquired by Baba Ramdev-led Patanjali Ayurved in 2019. On June 24, 2022, the company changed its name to Patanjali Foods Limited.
Patanjali Foods is a leading manufacturer and marketer of edible oils and one of the largest palm plantation companies in India. They export their products to over 60 countries including the Middle East, Asia-Pacific, Australia, Europe, Africa and the Americas.
Patanjali Foods markets its products under the following brands:
Nutrela, Mahakosh, Sunrich, Ruchi Gold, Ruchi Soya, Ruchi Star, Nutri Gold. Patanjali Foods is headquartered in Indore, Madhya Pradesh, India. Wikipedia
FAQs
The maximum target price for Patanjali Foods Limited shares is Rs Rs 1665.43 to Rs 1820.22 by 2025.
This was a multi-bagger, hopefully, Ruchi Soya can achieve multi-bagger fame in a few years.
The highest target price for Patanjali Foods Limited shares is Rs 2700.40 to Rs 3075.50 in 2030.
Yes, it is changed to Patanjali Foods Limited which was acquired by Baba Ramdev in 2019.
Patanjali Foods Limited is a good stock for the long term and you can expect up to 145 to 185 per cent return in 5 years.
Disclaimer: The target price of Patanjali Foods Limited shares is general information only and does not constitute investment advice. You should do thorough research, consider risk tolerance and consult financial experts before investing.
