LT Foods Limited (NSE:LTFOODS) Surges 25% Yet Its Low P/E Is No Reason For Excitement
Aug 25
Indian (NIFTY) Food Industry Analysis
UpdatedAug 26, 2024
DataAggregated Company Financials
Companies240
- 7D2.3%
- 3M14.9%
- 1Y28.0%
- YTD10.7%
Over the last 7 days, the Food industry has risen 2.3%, driven by gains from Tata Consumer Products of 3.6%. In the same time, Godrej Agrovet was down 5.1%. In the last 12 months, the industry was up 28%. Earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 27 Aug 2024 | ₹10.3t | ₹3.6t | ₹199.1b | 30.4x | 51.6x | 2.9x |
| Thu, 25 Jul 2024 | ₹9.9t | ₹3.5t | ₹191.1b | 27.6x | 51.6x | 2.8x |
| Sat, 22 Jun 2024 | ₹9.2t | ₹3.5t | ₹188.0b | 27.2x | 49.1x | 2.6x |
| Mon, 20 May 2024 | ₹8.9t | ₹3.5t | ₹178.1b | 27.9x | 50.1x | 2.6x |
| Wed, 17 Apr 2024 | ₹8.6t | ₹3.4t | ₹154.9b | 25.8x | 55.7x | 2.5x |
| Fri, 15 Mar 2024 | ₹8.8t | ₹3.4t | ₹154.6b | 24.3x | 56.8x | 2.5x |
| Sun, 11 Feb 2024 | ₹8.8t | ₹3.4t | ₹142.6b | 29.7x | 62x | 2.6x |
| Tue, 09 Jan 2024 | ₹9.1t | ₹3.5t | ₹146.5b | 30x | 62x | 2.6x |
| Thu, 07 Dec 2023 | ₹8.7t | ₹3.5t | ₹146.4b | 28.8x | 59.7x | 2.5x |
| Sat, 04 Nov 2023 | ₹8.2t | ₹3.4t | ₹139.6b | 26.8x | 59x | 2.4x |
| Mon, 02 Oct 2023 | ₹8.1t | ₹3.4t | ₹150.0b | 27.9x | 53.9x | 2.4x |
| Wed, 30 Aug 2023 | ₹7.9t | ₹3.4t | ₹149.9b | 26x | 53x | 2.3x |
| Fri, 28 Jul 2023 | ₹8.0t | ₹3.4t | ₹151.2b | 25.2x | 53.1x | 2.3x |
| Sun, 25 Jun 2023 | ₹7.8t | ₹3.4t | ₹155.7b | 25.3x | 50.2x | 2.3x |
| Tue, 23 May 2023 | ₹7.4t | ₹3.4t | ₹170.6b | 23.2x | 43.2x | 2.2x |
| Thu, 20 Apr 2023 | ₹7.1t | ₹3.3t | ₹158.9b | 21.7x | 44.4x | 2.1x |
| Sat, 18 Mar 2023 | ₹6.8t | ₹3.3t | ₹156.6b | 20.5x | 43.7x | 2.1x |
| Mon, 13 Feb 2023 | ₹7.1t | ₹3.3t | ₹156.1b | 24.3x | 45.6x | 2.2x |
| Wed, 11 Jan 2023 | ₹7.5t | ₹3.2t | ₹144.3b | 25.2x | 51.8x | 2.3x |
| Fri, 09 Dec 2022 | ₹7.7t | ₹3.2t | ₹144.3b | 25.6x | 53.3x | 2.4x |
| Sun, 06 Nov 2022 | ₹7.5t | ₹3.2t | ₹131.2b | 19.5x | 57x | 2.4x |
| Tue, 04 Oct 2022 | ₹7.4t | ₹3.1t | ₹130.9b | 20.2x | 56.4x | 2.4x |
| Thu, 01 Sep 2022 | ₹7.4t | ₹3.1t | ₹130.1b | 20.8x | 56.5x | 2.4x |
| Sat, 30 Jul 2022 | ₹7.2t | ₹3.0t | ₹131.0b | 23x | 54.9x | 2.4x |
| Mon, 27 Jun 2022 | ₹6.5t | ₹3.0t | ₹141.4b | 22.5x | 46x | 2.2x |
| Wed, 25 May 2022 | ₹6.8t | ₹2.9t | ₹147.1b | 22.1x | 46.3x | 2.3x |
| Fri, 22 Apr 2022 | ₹7.2t | ₹2.9t | ₹144.1b | 24.3x | 49.8x | 2.5x |
| Sun, 20 Mar 2022 | ₹6.6t | ₹2.8t | ₹143.5b | 21.3x | 45.7x | 2.3x |
| Tue, 15 Feb 2022 | ₹6.2t | ₹2.8t | ₹145.5b | 21x | 42.9x | 2.3x |
| Thu, 13 Jan 2022 | ₹5.6t | ₹2.2t | ₹124.6b | 20.5x | 45x | 2.6x |
| Sat, 11 Dec 2021 | ₹5.5t | ₹2.2t | ₹124.6b | 17.4x | 44.1x | 2.5x |
| Mon, 08 Nov 2021 | ₹5.6t | ₹2.2t | ₹124.3b | 17.2x | 44.7x | 2.6x |
| Wed, 06 Oct 2021 | ₹5.8t | ₹2.1t | ₹120.5b | 17.1x | 47.8x | 2.7x |
| Fri, 03 Sep 2021 | ₹5.8t | ₹2.1t | ₹106.0b | 17.2x | 54.9x | 2.7x |
Price to Earnings Ratio
54.9x
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 2.9x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 19% 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 | 1.84% | |
| Consumer Staples | 2.11% | |
| Food | 2.27% | |
| Agricultural Products | 3.30% | |
| Packaged Foods and Meats | 2.23% | |
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 expect its future annual earnings growth (17.3%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.6x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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 | ₹1.22k | 3.6% +₹85.3b | 44.9% | PE107.4x | |
| PATANJALI Patanjali Foods | ₹1.89k | 4.9% +₹32.0b | 50.9% | PE72.7x | |
| 531642 Marico | ₹689.60 | 3.1% +₹26.6b | 23.5% | PE58.8x | |
| AWL Adani Wilmar | ₹378.45 | 5.2% +₹24.2b | 1.8% | PE91.1x | |
| BRITANNIA Britannia Industries | ₹5.80k | 1.1% +₹15.5b | 28.5% | PE63.8x |
