This small-cap rice stock surged more than 7 per cent today!

The company exports its products to more than 60 countries.

On December 19, LT Foods Ltd is the top gainer among S&P BSE group ‘A’ companies. The stock opened at Rs 112.2 and so far, made an intraday high and low of Rs 121.4 and Rs 112.2, respectively. 

LT foods Limited is a global speciality food company. They primarily are involved in the milling, processing, storage, and marketing of basmati rice in domestic as well as international markets. The company operates in three business segments- Basmati & other speciality rice segment, the Organic food business, and Convenience & Health segment.    

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

For the latest September quarter, the revenue increased by 30.69 per cent YoY from Rs 1319 in Q2FY22 to Rs 1724 crore. Similarly, the PAT jumped YoY by 15.56 per cent from Rs 82 crore in Q2FY22 to Rs 95 crore. 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, 56.82 per cent of the company’s stake is owned by the promoters, 4.01 per cent by FIIs, 3.28 per cent by DIIs, and the rest 35.91 per cent by non-institutional investors. 

The company has a market capitalisation of Rs 3865 crore and is currently trading at a PE multiple of 32.48x. The stock has a 52-week high and low of Rs 135.85 and Rs 58.75, respectively.