There's No Escaping LT Foods Limited's (NSE:LTFOODS) Muted Earnings Despite A 27% Share Price Rise
Jun 21
Indian (NIFTY) Food Industry Analysis
UpdatedJul 04, 2024
DataAggregated Company Financials
Companies235
- 7D1.9%
- 3M8.8%
- 1Y18.8%
- YTD3.1%
Over the last 7 days, the Food industry has risen 1.9%, driven by gains from Tata Consumer Products of 5.5%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Indian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | ₹9.5t | ₹3.5t | ₹188.0b | 27.8x | 50.5x | 2.7x |
| Sat, 01 Jun 2024 | ₹8.7t | ₹3.5t | ₹178.5b | 26.7x | 48.7x | 2.5x |
| Mon, 29 Apr 2024 | ₹8.8t | ₹3.5t | ₹156.9b | 27.8x | 56.1x | 2.5x |
| Wed, 27 Mar 2024 | ₹8.6t | ₹3.4t | ₹154.7b | 23.9x | 55.5x | 2.5x |
| Fri, 23 Feb 2024 | ₹9.0t | ₹3.4t | ₹152.9b | 29.2x | 59x | 2.6x |
| Sun, 21 Jan 2024 | ₹9.0t | ₹3.5t | ₹146.5b | 29.9x | 61.7x | 2.6x |
| Tue, 19 Dec 2023 | ₹8.6t | ₹3.5t | ₹146.4b | 30x | 58.9x | 2.5x |
| Thu, 16 Nov 2023 | ₹8.3t | ₹3.5t | ₹147.8b | 28x | 56.4x | 2.4x |
| Sat, 14 Oct 2023 | ₹8.3t | ₹3.4t | ₹149.9b | 27.9x | 55.3x | 2.4x |
| Mon, 11 Sep 2023 | ₹8.1t | ₹3.4t | ₹149.8b | 26.7x | 54x | 2.4x |
| Wed, 09 Aug 2023 | ₹8.0t | ₹3.4t | ₹153.5b | 25.1x | 52.2x | 2.3x |
| Fri, 07 Jul 2023 | ₹8.0t | ₹3.4t | ₹156.8b | 25.2x | 51.1x | 2.3x |
| Sun, 04 Jun 2023 | ₹7.6t | ₹3.4t | ₹155.2b | 23.2x | 49x | 2.2x |
| Tue, 02 May 2023 | ₹7.4t | ₹3.3t | ₹169.1b | 21.5x | 43.5x | 2.2x |
| Thu, 30 Mar 2023 | ₹6.7t | ₹3.3t | ₹158.9b | 19.1x | 42.4x | 2x |
| Sat, 25 Feb 2023 | ₹6.8t | ₹3.3t | ₹156.7b | 22.3x | 43.6x | 2.1x |
| Mon, 23 Jan 2023 | ₹7.4t | ₹3.2t | ₹144.4b | 25.1x | 50.9x | 2.3x |
| Wed, 21 Dec 2022 | ₹7.7t | ₹3.2t | ₹144.3b | 24.8x | 53.6x | 2.4x |
| Fri, 18 Nov 2022 | ₹7.5t | ₹3.2t | ₹140.0b | 21.1x | 53.3x | 2.3x |
| Sun, 16 Oct 2022 | ₹7.3t | ₹3.1t | ₹131.1b | 20.5x | 55.6x | 2.3x |
| Tue, 13 Sep 2022 | ₹7.5t | ₹3.1t | ₹130.9b | 22.8x | 57x | 2.4x |
| Thu, 11 Aug 2022 | ₹7.1t | ₹3.0t | ₹128.1b | 24.3x | 55.7x | 2.4x |
| Sat, 09 Jul 2022 | ₹6.8t | ₹3.0t | ₹135.5b | 23x | 50.4x | 2.3x |
| Mon, 06 Jun 2022 | ₹6.8t | ₹3.0t | ₹141.3b | 22.5x | 48.2x | 2.3x |
| Wed, 04 May 2022 | ₹7.2t | ₹2.9t | ₹143.8b | 22.9x | 50.3x | 2.5x |
| Fri, 01 Apr 2022 | ₹6.5t | ₹2.9t | ₹143.9b | 21.5x | 45.4x | 2.3x |
| Sun, 27 Feb 2022 | ₹6.2t | ₹2.8t | ₹143.5b | 21.6x | 43.2x | 2.2x |
| Tue, 25 Jan 2022 | ₹5.3t | ₹2.2t | ₹124.4b | 18.5x | 42.8x | 2.4x |
| Thu, 23 Dec 2021 | ₹5.3t | ₹2.2t | ₹124.6b | 17.3x | 42.8x | 2.4x |
| Sat, 20 Nov 2021 | ₹5.5t | ₹2.2t | ₹124.3b | 18.1x | 44.5x | 2.6x |
| Mon, 18 Oct 2021 | ₹5.8t | ₹2.1t | ₹120.6b | 18.5x | 48.2x | 2.7x |
| Wed, 15 Sep 2021 | ₹5.9t | ₹2.1t | ₹120.4b | 17x | 49.1x | 2.8x |
| Fri, 13 Aug 2021 | ₹5.5t | ₹2.1t | ₹106.0b | 17.9x | 51.4x | 2.6x |
Price to Earnings Ratio
51.1x
Current Industry PE
- Investors are relatively neutral on the Indian Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 50.9x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Consumer Staples industry?
| IN Market | 1.93% | |
| Consumer Staples | 1.30% | |
| Food | 1.91% | |
| Agricultural Products | 8.13% | |
| Packaged Foods and Meats | 1.66% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 53.6x.
- Analysts are expecting annual earnings growth of 18.5%, which is higher than its past year's earnings growth of 15.4% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 31.8x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TATACONSUM Tata Consumer Products | ₹1.15k | 5.5% +₹56.6b | 35.5% | PE95x | |
| PATANJALI Patanjali Foods | ₹1.63k | 4.9% +₹27.4b | 36.1% | PE77.2x | |
| GODREJAGRO Godrej Agrovet | ₹803.15 | 18.5% +₹24.1b | 73.0% | PE42.9x | |
| 500790 Nestlé India | ₹2.55k | 0.8% +₹19.2b | 11.6% | PE77x | |
| 531335 Zydus Wellness | ₹2.06k | 14.2% +₹16.3b | 39.4% | PE49.2x |
