Shares of this food company are trending on October 4

The company has a market share of 49 per cent and 20 per cent in the North America and Europe region.

The share surged 3 per cent and closed at Rs 121.5, on October 4. The stock opened at Rs 118.95 and has made an intraday high and low of Rs 125 and Rs 118.1, respectively.  

LT Foods Ltd is a global speciality food company. They are primarily involved in the processing and storage of rice. The company operates in three business segments: basmati and other speciality rice segment, organic food business, and convenience and health segments.   

The company operates in 60+ countries and has a prominent presence in India, the US, Europe, and the Middle East regions. The company has a market share of 49 per cent and 20 per cent in the North America and Europe region when it comes to Basmati rice. The company is the market leader in the North American region. 

LT Foods has shown strong growth in Q4 as well as for the entire FY21-22 period. The company's Q4 revenue grew by 21 per cent YOY, whereas the revenue for the entire FY22 was recorded at Rs 5451 crore with 14 per cent YOY growth. The gross profit also improved by 27 per cent YOY for Q4. EBITDA also expanded to Rs 163 crore, as against Rs 138 crore for Q4 of the last fiscal.   

As per the FY22 period ending, the company has ROE and ROCE of 14.8 per cent and 15.6 per cent, respectively. 

About the shareholding pattern, 56.81 per cent of the company’s stake is owned by the promoters, 1.9 per cent by FIIs, 3.09 per cent by DIIs, and the rest 38.2 per cent by non-institutional investors. 

The company has a market capitalisation of Rs 3836 crore and is currently trading at a PE multiple of 34.68x. The stock has a 52-week high and low of Rs 125 and Rs 58.75, respectively.