Patanjali Foods Ltd.
•₹ 348-1.22%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Oils: 71.8% • Food Products: 24.8% • Home & Personal Care: 3.3% • Wind Turbine Power Generation: 0.1%
PROS
- Company is almost debt free
- Latest quarter profit grew 86.2% YoY, showing strong momentum
- Company has delivered good sales growth of 21.1% CAGR over last 5 years
- Company comfortably covers its interest (19.2x coverage)
- Company generates healthy free cash flow
CONS
- Promoter holding has decreased over last 2 years: -4.6pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.54x)
- Company has delivered a poor profit growth of -29.9% over past five years
- Stock is trading at 5.8x its book value
- Expensive relative to growth - PEG of 2.9
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MARICO | 848.55 | 58.36 | 110174.70 | 0.47 | 652.00 | 27.10 | 3957.00 | 21.42 | 52.25 | 20.70 |
| 2. | PATANJALI | 351.00 | 19.39 | 38192.61 | 1.00 | 3357.34 | 1761.48 | 113374.51 | 1173.91 | 22.34 | 4.79 |
| 3. | AWL | 188.55 | 21.20 | 24505.44 | 0.53 | 351.39 | 47.67 | 20048.14 | 17.52 | 18.52 | 3.56 |
| 4. | GOKULAGRO | 242.50 | 17.02 | 7155.85 | 0.00 | 122.63 | 71.26 | 5281.95 | 7.26 | 34.58 | 3.85 |
| 5. | SUNDROP | 650.00 | 87.67 | 2450.30 | 0.00 | 12.13 | 181.44 | 428.08 | 15.22 | 2.01 | 5.84 |
| 6. | BCLIND | 35.88 | 9.08 | 1059.05 | 0.98 | 35.52 | 6.10 | 623.42 | -24.00 | 13.60 | 9.80 |
| 7. | KRITINUT | 84.20 | 12.66 | 421.87 | 3.56 | 8.92 | -6.03 | 247.08 | 7.88 | 20.30 | 4.72 |
| 8. | GOKUL | 40.00 | 19.13 | 395.98 | 0.00 | 6.08 | 57.63 | 1016.75 | 9.75 | 8.66 | 1.63 |
| 9. | VIJSOLX | 700.00 | 9.40 | 224.09 | 0.00 | 5.58 | 428.60 | 622.50 | 35.20 | 7.35 | 1.40 |
| 10. | MKPL | 4.18 | 0.00 | 156.91 | 0.00 | 1.38 | -60.63 | 115.16 | 0.18 | 13.46 | 2.18 |
| 11. | ROML | 44.00 | 3.88 | 70.35 | 0.00 | 1.11 | -21.06 | 35.56 | 5.82 | 15.26 | 5.16 |
| 12. | NKIND | 62.79 | 0.00 | 37.74 | 0.00 | -0.66 | 5.48 | 2.27 | -39.97 | 0.00 | -4.94 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,767 | 7,822 | 7,911 | 8,228 | 7,177 | 8,102 | 8,997 | 9,512 | 8,900 | 9,799 | 10,484 | 11,156 | 1,13,375 | |
| 7,599 | 7,427 | 7,567 | 7,851 | 6,767 | 7,639 | 8,439 | 8,996 | 8,579 | 9,247 | 10,049 | 10,710 | 1,08,885 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 43 | 24 | 47 | 120 | 25 | 31 | 24 | 53 | 13 | 51 | 57 | 57 | 44 |
| Interest | 25 | 24 | 25 | 116 | 19 | 20 | 20 | 25 | 24 | 35 | 35 | 36 | 412 |
| Depreciation | 68 | 60 | 60 | 81 | 57 | 56 | 70 | 85 | 62 | 63 | 62 | 62 | 532 |
| 120 | 335 | 306 | 300 | 359 | 417 | 491 | 458 | 249 | 505 | 365 | 236 | 4,533 | |
| Tax % | 26.57% | 24.04% | 29.19% | 31.16% | 26.80% | 25.96% | 24.49% | 21.80% | 27.44% | -2.30% | -62.88% | -122.33% | 25.92% |
| Net Profit | 88 | 255 | 217 | 206 | 263 | 309 | 371 | 359 | 180 | 517 | 594 | 524 | 3,359 |
| 2 | 7 | 6 | 6 | 7 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | 3 | |
| Equity Capital | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 218 | 218 | 218 | 2,176 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 218 | 218 | 218 | 2,176 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 7,767
- 7,599
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 25
- Depreciation
- 68
- 120
- Tax %
- 26.57%
- Net Profit
- 88
- 2
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 7,822
- 7,427
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 24
- Depreciation
- 60
- 335
- Tax %
- 24.04%
- Net Profit
- 255
- 7
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 7,911
- 7,567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 25
- Depreciation
- 60
- 306
- Tax %
- 29.19%
- Net Profit
- 217
- 6
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 8,228
- 7,851
- Operating Profit
- —
- OPM %
- —
- Other Income
- 120
- Interest
- 116
- Depreciation
- 81
- 300
- Tax %
- 31.16%
- Net Profit
- 206
- 6
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 7,177
- 6,767
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 19
- Depreciation
- 57
- 359
- Tax %
- 26.80%
- Net Profit
- 263
- 7
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 8,102
- 7,639
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 20
- Depreciation
- 56
- 417
- Tax %
- 25.96%
- Net Profit
- 309
- 3
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 8,997
- 8,439
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 20
- Depreciation
- 70
- 491
- Tax %
- 24.49%
- Net Profit
- 371
- 3
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 9,512
- 8,996
- Operating Profit
- —
- OPM %
- —
- Other Income
- 53
- Interest
- 25
- Depreciation
- 85
- 458
- Tax %
- 21.80%
- Net Profit
- 359
- 3
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 8,900
- 8,579
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 24
- Depreciation
- 62
- 249
- Tax %
- 27.44%
- Net Profit
- 180
- 5
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 72
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 9,799
- 9,247
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 35
- Depreciation
- 63
- 505
- Tax %
- -2.30%
- Net Profit
- 517
- 5
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 10,484
- 10,049
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 35
- Depreciation
- 62
- 365
- Tax %
- -62.88%
- Net Profit
- 594
- 5
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 11,156
- 10,710
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 36
- Depreciation
- 62
- 236
- Tax %
- -122.33%
- Net Profit
- 524
- 5
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 218
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,13,375
- 1,08,885
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 412
- Depreciation
- 532
- 4,533
- Tax %
- 25.92%
- Net Profit
- 3,359
- 3
- Equity Capital
- 2,176
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 2,176
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 27,692 | 18,527 | 11,994 | 12,729 | 13,118 | 16,319 | 24,205 | 31,525 | 31,742 | 34,157 | 42,776 | |
| 27,615 | 19,264 | 17,043 | 12,607 | 18,450 | 15,363 | 22,715 | 30,238 | 30,435 | 32,393 | 40,895 | |
| Operating Profit | 190 | -644 | -5,013 | 222 | 459 | 1,020 | 1,570 | 1,583 | 1,526 | 2,089 | — |
| OPM % | 1 | -3 | -42 | 2 | 3 | 6 | 6 | 5 | 5 | 6 | — |
| Other Income | 113 | 93 | 35 | 100 | 5,791 | 64 | 79 | 297 | 220 | 325 | 170 |
| Interest | 1,297 | 875 | 857 | 7 | 113 | 373 | 359 | 245 | 198 | 95 | 148 |
| Depreciation | 160 | 156 | 140 | 138 | 136 | 133 | 137 | 160 | 269 | 268 | 240 |
| -1,264 | -1,630 | -6,010 | 77 | 7,658 | 514 | 1,074 | 1,179 | 1,060 | 1,726 | 1,559 | |
| Tax % | 16 | 23 | 7 | 0 | -0 | -32 | 25 | 25 | 28 | 25 | -26 |
| Net Profit | -1,062 | -1,257 | -5,573 | 77 | 7,672 | 681 | 806 | 886 | 765 | 1,301 | 1,970 |
| EPS | -34 | -44 | -171 | 230 | 872 | 23 | 27 | 25 | 21 | 36 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 24 | 28 | 28 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -11 | -13 | -57 | 1 | 86 | 8 | 9 | 8 | 7 | 12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -11 | -13 | -57 | 1 | 86 | 8 | 9 | 8 | 7 | 12 | — |
Mar 2016
- 27,692
- 27,615
- Operating Profit
- 190
- OPM %
- 1
- Other Income
- 113
- Interest
- 1,297
- Depreciation
- 160
- -1,264
- Tax %
- 16
- Net Profit
- -1,062
- EPS
- -34
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -11
Mar 2017
- 18,527
- 19,264
- Operating Profit
- -644
- OPM %
- -3
- Other Income
- 93
- Interest
- 875
- Depreciation
- 156
- -1,630
- Tax %
- 23
- Net Profit
- -1,257
- EPS
- -44
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
Mar 2018
- 11,994
- 17,043
- Operating Profit
- -5,013
- OPM %
- -42
- Other Income
- 35
- Interest
- 857
- Depreciation
- 140
- -6,010
- Tax %
- 7
- Net Profit
- -5,573
- EPS
- -171
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -57
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -57
Mar 2019
- 12,729
- 12,607
- Operating Profit
- 222
- OPM %
- 2
- Other Income
- 100
- Interest
- 7
- Depreciation
- 138
- 77
- Tax %
- 0
- Net Profit
- 77
- EPS
- 230
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 13,118
- 18,450
- Operating Profit
- 459
- OPM %
- 3
- Other Income
- 5,791
- Interest
- 113
- Depreciation
- 136
- 7,658
- Tax %
- -0
- Net Profit
- 7,672
- EPS
- 872
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 86
Mar 2021
- 16,319
- 15,363
- Operating Profit
- 1,020
- OPM %
- 6
- Other Income
- 64
- Interest
- 373
- Depreciation
- 133
- 514
- Tax %
- -32
- Net Profit
- 681
- EPS
- 23
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2022
- 24,205
- 22,715
- Operating Profit
- 1,570
- OPM %
- 6
- Other Income
- 79
- Interest
- 359
- Depreciation
- 137
- 1,074
- Tax %
- 25
- Net Profit
- 806
- EPS
- 27
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2023
- 31,525
- 30,238
- Operating Profit
- 1,583
- OPM %
- 5
- Other Income
- 297
- Interest
- 245
- Depreciation
- 160
- 1,179
- Tax %
- 25
- Net Profit
- 886
- EPS
- 25
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2024
- 31,742
- 30,435
- Operating Profit
- 1,526
- OPM %
- 5
- Other Income
- 220
- Interest
- 198
- Depreciation
- 269
- 1,060
- Tax %
- 28
- Net Profit
- 765
- EPS
- 21
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 34,157
- 32,393
- Operating Profit
- 2,089
- OPM %
- 6
- Other Income
- 325
- Interest
- 95
- Depreciation
- 268
- 1,726
- Tax %
- 25
- Net Profit
- 1,301
- EPS
- 36
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
TTM
- 42,776
- 40,895
- Operating Profit
- —
- OPM %
- —
- Other Income
- 170
- Interest
- 148
- Depreciation
- 240
- 1,559
- Tax %
- -26
- Net Profit
- 1,970
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 2%
- 5 Years:
- 21%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 36%
- 5 Years:
- -30%
- 3 Years:
- 17%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -1%
- 3 Years:
- -7%
- 1 Year:
- -42%
RETURN ON EQUITY
- 10 Years:
- -5%
- 5 Years:
- 14%
- 3 Years:
- 11%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 65 | 65 | 65 | 65 | 59 | 59 | 59 | 72 | 72 | 72 |
| 2,407 | 957 | -4,614 | -4,543 | 3,312 | 4,003 | 4,822 | 9,774 | 10,122 | 11,184 | |
| 5,959 | 5,146 | 7,167 | 7,855 | 660 | 780 | 990 | 1,376 | 1,048 | 781 | |
| Trade Payables | 5,984 | 5,181 | 2,908 | 2,235 | 165 | 657 | 898 | 1,338 | 1,588 | 2,587 |
| 2,038 | 1,906 | 2,195 | 2,325 | 3,672 | 3,343 | 4,672 | 630 | 346 | 796 | |
| Total Liabilities | 16,452 | 13,256 | 7,721 | 7,937 | 7,868 | 8,842 | 11,441 | 13,190 | 13,176 | 15,421 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,637 | 5,502 | 5,358 | 5,224 | 5,070 | 4,954 | 4,900 | 5,148 | 4,963 | 5,516 | |
| Capital Work in Progress | 42 | 29 | 28 | 27 | 25 | 27 | 28 | 80 | 100 | 93 |
| 146 | 89 | 51 | 31 | 20 | 30 | 42 | 38 | 1,041 | 223 | |
| 2,358 | 1,239 | 1,191 | 1,261 | 1,355 | 2,363 | 2,905 | 4,070 | 3,768 | 6,210 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,434 | 1,585 | |
| Cash & Bank | 141 | 144 | 176 | 430 | 455 | 387 | 2,016 | 1,141 | 834 | 275 |
| 8,128 | 6,253 | 916 | 964 | 942 | 1,081 | 1,549 | 2,715 | 1,036 | 1,518 | |
| Total Assets | 16,452 | 13,256 | 7,721 | 7,937 | 7,868 | 8,842 | 11,441 | 13,190 | 13,176 | 15,421 |
| Total Debt | 5,252 | 5,208 | 7,227 | 7,916 | 3,614 | 3,660 | 3,695 | 1,454 | 1,048 | 781 |
| Net Working Capital | -2,561 | -4,273 | -10,062 | -9,853 | 1,389 | 1,955 | 4,098 | 4,623 | 4,743 | 5,275 |
| Contingent Liabilities | 1,852 | 1,516 | 1,219 | 1,241 | 35 | 83 | 329 | 716 | 747 | 1,125 |
| Book Value per Share | 75.73 | 31.32 | -139.34 | -137.17 | 113.97 | 137.35 | 165.03 | 272.07 | 281.68 | 310.87 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 5,252 | 5,208 | 7,227 | 7,916 | 3,614 | 3,660 | 3,695 | 1,454 | 1,048 | 781 |
| Net Working Capital | -2,561 | -4,273 | -10,062 | -9,853 | 1,389 | 1,955 | 4,098 | 4,623 | 4,743 | 5,275 |
| Contingent Liabilities | 1,852 | 1,516 | 1,219 | 1,241 | 35 | 83 | 329 | 716 | 747 | 1,125 |
| Book Value per Share | 75.73 | 31.32 | -139.34 | -137.17 | 113.97 | 137.35 | 165.03 | 272.07 | 281.68 | 310.87 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 65
- 2,407
- 5,959
- Trade Payables
- 5,984
- 2,038
- Total Liabilities
- 16,452
- 5,637
- Capital Work in Progress
- 42
- 146
- 2,358
- 0
- Cash & Bank
- 141
- 8,128
- Total Assets
- 16,452
- Total Debt
- 5,252
- Net Working Capital
- -2,561
- Contingent Liabilities
- 1,852
- Book Value per Share
- 75.73
- Face Value
- 2.00
- Total Debt
- 5,252
- Net Working Capital
- -2,561
- Contingent Liabilities
- 1,852
- Book Value per Share
- 75.73
- Face Value
- 2.00
Mar 2017
- Equity Capital
- 65
- 957
- 5,146
- Trade Payables
- 5,181
- 1,906
- Total Liabilities
- 13,256
- 5,502
- Capital Work in Progress
- 29
- 89
- 1,239
- 0
- Cash & Bank
- 144
- 6,253
- Total Assets
- 13,256
- Total Debt
- 5,208
- Net Working Capital
- -4,273
- Contingent Liabilities
- 1,516
- Book Value per Share
- 31.32
- Face Value
- 2.00
- Total Debt
- 5,208
- Net Working Capital
- -4,273
- Contingent Liabilities
- 1,516
- Book Value per Share
- 31.32
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 65
- -4,614
- 7,167
- Trade Payables
- 2,908
- 2,195
- Total Liabilities
- 7,721
- 5,358
- Capital Work in Progress
- 28
- 51
- 1,191
- 0
- Cash & Bank
- 176
- 916
- Total Assets
- 7,721
- Total Debt
- 7,227
- Net Working Capital
- -10,062
- Contingent Liabilities
- 1,219
- Book Value per Share
- -139.34
- Face Value
- 2.00
- Total Debt
- 7,227
- Net Working Capital
- -10,062
- Contingent Liabilities
- 1,219
- Book Value per Share
- -139.34
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 65
- -4,543
- 7,855
- Trade Payables
- 2,235
- 2,325
- Total Liabilities
- 7,937
- 5,224
- Capital Work in Progress
- 27
- 31
- 1,261
- 0
- Cash & Bank
- 430
- 964
- Total Assets
- 7,937
- Total Debt
- 7,916
- Net Working Capital
- -9,853
- Contingent Liabilities
- 1,241
- Book Value per Share
- -137.17
- Face Value
- 2.00
- Total Debt
- 7,916
- Net Working Capital
- -9,853
- Contingent Liabilities
- 1,241
- Book Value per Share
- -137.17
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 59
- 3,312
- 660
- Trade Payables
- 165
- 3,672
- Total Liabilities
- 7,868
- 5,070
- Capital Work in Progress
- 25
- 20
- 1,355
- 0
- Cash & Bank
- 455
- 942
- Total Assets
- 7,868
- Total Debt
- 3,614
- Net Working Capital
- 1,389
- Contingent Liabilities
- 35
- Book Value per Share
- 113.97
- Face Value
- 2.00
- Total Debt
- 3,614
- Net Working Capital
- 1,389
- Contingent Liabilities
- 35
- Book Value per Share
- 113.97
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 59
- 4,003
- 780
- Trade Payables
- 657
- 3,343
- Total Liabilities
- 8,842
- 4,954
- Capital Work in Progress
- 27
- 30
- 2,363
- 0
- Cash & Bank
- 387
- 1,081
- Total Assets
- 8,842
- Total Debt
- 3,660
- Net Working Capital
- 1,955
- Contingent Liabilities
- 83
- Book Value per Share
- 137.35
- Face Value
- 2.00
- Total Debt
- 3,660
- Net Working Capital
- 1,955
- Contingent Liabilities
- 83
- Book Value per Share
- 137.35
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 59
- 4,822
- 990
- Trade Payables
- 898
- 4,672
- Total Liabilities
- 11,441
- 4,900
- Capital Work in Progress
- 28
- 42
- 2,905
- 0
- Cash & Bank
- 2,016
- 1,549
- Total Assets
- 11,441
- Total Debt
- 3,695
- Net Working Capital
- 4,098
- Contingent Liabilities
- 329
- Book Value per Share
- 165.03
- Face Value
- 2.00
- Total Debt
- 3,695
- Net Working Capital
- 4,098
- Contingent Liabilities
- 329
- Book Value per Share
- 165.03
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 72
- 9,774
- 1,376
- Trade Payables
- 1,338
- 630
- Total Liabilities
- 13,190
- 5,148
- Capital Work in Progress
- 80
- 38
- 4,070
- 0
- Cash & Bank
- 1,141
- 2,715
- Total Assets
- 13,190
- Total Debt
- 1,454
- Net Working Capital
- 4,623
- Contingent Liabilities
- 716
- Book Value per Share
- 272.07
- Face Value
- 2.00
- Total Debt
- 1,454
- Net Working Capital
- 4,623
- Contingent Liabilities
- 716
- Book Value per Share
- 272.07
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 72
- 10,122
- 1,048
- Trade Payables
- 1,588
- 346
- Total Liabilities
- 13,176
- 4,963
- Capital Work in Progress
- 100
- 1,041
- 3,768
- 1,434
- Cash & Bank
- 834
- 1,036
- Total Assets
- 13,176
- Total Debt
- 1,048
- Net Working Capital
- 4,743
- Contingent Liabilities
- 747
- Book Value per Share
- 281.68
- Face Value
- 2.00
- Total Debt
- 1,048
- Net Working Capital
- 4,743
- Contingent Liabilities
- 747
- Book Value per Share
- 281.68
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 72
- 11,184
- 781
- Trade Payables
- 2,587
- 796
- Total Liabilities
- 15,421
- 5,516
- Capital Work in Progress
- 93
- 223
- 6,210
- 1,585
- Cash & Bank
- 275
- 1,518
- Total Assets
- 15,421
- Total Debt
- 781
- Net Working Capital
- 5,275
- Contingent Liabilities
- 1,125
- Book Value per Share
- 310.87
- Face Value
- 2.00
- Total Debt
- 781
- Net Working Capital
- 5,275
- Contingent Liabilities
- 1,125
- Book Value per Share
- 310.87
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -90 | 577 | 882 | 240 | -61 | 241 | 724 | -339 | 1,746 | 198 | |
| Cash from Investing | 25 | 106 | -70 | -112 | -26 | -42 | -1,562 | 526 | -912 | -36 |
| Cash from Financing | 77 | -671 | -856 | -7 | 82 | -307 | 1,167 | 241 | -1,100 | -611 |
| 12 | 12 | -45 | 121 | -4 | -108 | 329 | 428 | -266 | -449 | |
| Free Cash Flow | -2,152 | 569 | 882 | 240 | -61 | 224 | 644 | -792 | 1,643 | -613 |
| OCF / Net Profit | 0.09 | -0.46 | -0.16 | 3.13 | -0.01 | 0.35 | 0.90 | -0.38 | 2.28 | 0.15 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -522 | 1,854 | 1,928 | 255 | 1,658 | 1,105 |
| OCF / Net Profit | 0.09 | -0.46 | -0.16 | 3.13 | -0.01 | 0.35 | 0.90 | -0.38 | 2.28 | 0.15 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -522 | 1,854 | 1,928 | 255 | 1,658 | 1,105 |
Mar 2016
- -90
- Cash from Investing
- 25
- Cash from Financing
- 77
- 12
- Free Cash Flow
- -2,152
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- 0
Mar 2017
- 577
- Cash from Investing
- 106
- Cash from Financing
- -671
- 12
- Free Cash Flow
- 569
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 0
Mar 2018
- 882
- Cash from Investing
- -70
- Cash from Financing
- -856
- -45
- Free Cash Flow
- 882
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.16
- Cumulative 5-Year FCF
- 0
Mar 2019
- 240
- Cash from Investing
- -112
- Cash from Financing
- -7
- 121
- Free Cash Flow
- 240
- OCF / Net Profit
- 3.13
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.13
- Cumulative 5-Year FCF
- 0
Mar 2020
- -61
- Cash from Investing
- -26
- Cash from Financing
- 82
- -4
- Free Cash Flow
- -61
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -522
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -522
Mar 2021
- 241
- Cash from Investing
- -42
- Cash from Financing
- -307
- -108
- Free Cash Flow
- 224
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 1,854
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 1,854
Mar 2022
- 724
- Cash from Investing
- -1,562
- Cash from Financing
- 1,167
- 329
- Free Cash Flow
- 644
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 1,928
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- 1,928
Mar 2023
- -339
- Cash from Investing
- 526
- Cash from Financing
- 241
- 428
- Free Cash Flow
- -792
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- 255
- OCF / Net Profit
- -0.38
- Cumulative 5-Year FCF
- 255
Mar 2024
- 1,746
- Cash from Investing
- -912
- Cash from Financing
- -1,100
- -266
- Free Cash Flow
- 1,643
- OCF / Net Profit
- 2.28
- Cumulative 5-Year FCF
- 1,658
- OCF / Net Profit
- 2.28
- Cumulative 5-Year FCF
- 1,658
Mar 2025
- 198
- Cash from Investing
- -36
- Cash from Financing
- -611
- -449
- Free Cash Flow
- -613
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 1,105
- OCF / Net Profit
- 0.15
- Cumulative 5-Year FCF
- 1,105
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -32.52 | -38.51 | -170.71 | 2.35 | 259.40 | 23.02 | 27.26 | 24.49 | 21.14 | 35.94 |
| Book Value (₹) | 75.73 | 31.32 | -139.34 | -137.17 | 113.97 | 137.35 | 165.03 | 272.07 | 281.68 | 310.87 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 6.00 | 6.00 | 10.00 |
| Cash EPS (₹) | -9.20 | -11.24 | -55.47 | 2.19 | 88.00 | 9.17 | 10.63 | 9.63 | 9.52 | 14.45 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 0.69% | -3.48% | -41.80% | 1.75% | 3.50% | 6.25% | 6.48% | 5.02% | 4.12% | 5.16% |
| Net Margin % | -3.83% | -6.79% | -46.47% | 0.60% | 58.49% | 4.17% | 3.33% | 2.81% | 2.41% | 3.81% |
| ROE % | -45.46% | -71.94% | 0.00% | 0.00% | 0.00% | 18.32% | 18.03% | 12.04% | 7.64% | 12.13% |
| ROCE % | 0.48% | -10.82% | -115.67% | 2.75% | 149.12% | 12.06% | 16.29% | 13.45% | 11.15% | 15.56% |
| -7.00% | -8.46% | -53.14% | 0.98% | 97.09% | 8.15% | 7.95% | 7.20% | 5.80% | 9.10% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 81 | 113 | 81 | 7 | 7 | 8 | 9 | 14 | 17 | 16 |
| Inventory Days | 36 | 35 | 37 | 35 | 36 | 42 | 40 | 40 | 45 | 53 |
| Payable Days | 89 | 127 | 145 | 86 | 39 | 11 | 14 | 15 | 20 | 27 |
| 28 | 21 | -27 | -43 | 4 | 39 | 35 | 39 | 43 | 42 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.12x | 5.09x | -1.59x | -1.77x | 1.07x | 0.90x | 0.76x | 0.15x | 0.10x | 0.07x |
| Interest Coverage (x) | 0.03x | -0.86x | -6.02x | 11.35x | 68.98x | 2.38x | 4.00x | 5.82x | 6.37x | 19.21x |
| 0.80x | 0.64x | 0.18x | 0.20x | 2.14x | 2.13x | 2.82x | 2.44x | 2.57x | 2.29x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -2.17% | -33.10% | -35.26% | 6.13% | 3.05% | 24.40% | 48.33% | 30.24% | 0.69% | 7.61% |
| Operating Profit Growth % | -72.24% | -438.20% | -678.61% | 104.44% | 106.32% | 122.37% | 53.85% | 0.87% | -3.59% | 36.88% |
| Net Profit Growth % | -1842.36% | -18.43% | -343.31% | 101.38% | 9900.02% | -91.13% | 18.44% | 9.94% | -13.68% | 70.08% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -13.68% | 69.99% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 63.19x | 50.32x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.74x | 5.82x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.45% | 0.55% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.81x | 31.58x |
Mar 2016
- EPS (₹)
- -32.52
- Book Value (₹)
- 75.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -9.20
- Operating Margin %
- 0.69%
- Net Margin %
- -3.83%
- ROE %
- -45.46%
- ROCE %
- 0.48%
- -7.00%
- Debtor Days
- 81
- Inventory Days
- 36
- Payable Days
- 89
- 28
- Debt to Equity (x)
- 2.12x
- Interest Coverage (x)
- 0.03x
- 0.80x
- Revenue Growth %
- -2.17%
- Operating Profit Growth %
- -72.24%
- Net Profit Growth %
- -1842.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -38.51
- Book Value (₹)
- 31.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -11.24
- Operating Margin %
- -3.48%
- Net Margin %
- -6.79%
- ROE %
- -71.94%
- ROCE %
- -10.82%
- -8.46%
- Debtor Days
- 113
- Inventory Days
- 35
- Payable Days
- 127
- 21
- Debt to Equity (x)
- 5.09x
- Interest Coverage (x)
- -0.86x
- 0.64x
- Revenue Growth %
- -33.10%
- Operating Profit Growth %
- -438.20%
- Net Profit Growth %
- -18.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -170.71
- Book Value (₹)
- -139.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -55.47
- Operating Margin %
- -41.80%
- Net Margin %
- -46.47%
- ROE %
- 0.00%
- ROCE %
- -115.67%
- -53.14%
- Debtor Days
- 81
- Inventory Days
- 37
- Payable Days
- 145
- -27
- Debt to Equity (x)
- -1.59x
- Interest Coverage (x)
- -6.02x
- 0.18x
- Revenue Growth %
- -35.26%
- Operating Profit Growth %
- -678.61%
- Net Profit Growth %
- -343.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.35
- Book Value (₹)
- -137.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.19
- Operating Margin %
- 1.75%
- Net Margin %
- 0.60%
- ROE %
- 0.00%
- ROCE %
- 2.75%
- 0.98%
- Debtor Days
- 7
- Inventory Days
- 35
- Payable Days
- 86
- -43
- Debt to Equity (x)
- -1.77x
- Interest Coverage (x)
- 11.35x
- 0.20x
- Revenue Growth %
- 6.13%
- Operating Profit Growth %
- 104.44%
- Net Profit Growth %
- 101.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 259.40
- Book Value (₹)
- 113.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 88.00
- Operating Margin %
- 3.50%
- Net Margin %
- 58.49%
- ROE %
- 0.00%
- ROCE %
- 149.12%
- 97.09%
- Debtor Days
- 7
- Inventory Days
- 36
- Payable Days
- 39
- 4
- Debt to Equity (x)
- 1.07x
- Interest Coverage (x)
- 68.98x
- 2.14x
- Revenue Growth %
- 3.05%
- Operating Profit Growth %
- 106.32%
- Net Profit Growth %
- 9900.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 23.02
- Book Value (₹)
- 137.35
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.17
- Operating Margin %
- 6.25%
- Net Margin %
- 4.17%
- ROE %
- 18.32%
- ROCE %
- 12.06%
- 8.15%
- Debtor Days
- 8
- Inventory Days
- 42
- Payable Days
- 11
- 39
- Debt to Equity (x)
- 0.90x
- Interest Coverage (x)
- 2.38x
- 2.13x
- Revenue Growth %
- 24.40%
- Operating Profit Growth %
- 122.37%
- Net Profit Growth %
- -91.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 27.26
- Book Value (₹)
- 165.03
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 10.63
- Operating Margin %
- 6.48%
- Net Margin %
- 3.33%
- ROE %
- 18.03%
- ROCE %
- 16.29%
- 7.95%
- Debtor Days
- 9
- Inventory Days
- 40
- Payable Days
- 14
- 35
- Debt to Equity (x)
- 0.76x
- Interest Coverage (x)
- 4.00x
- 2.82x
- Revenue Growth %
- 48.33%
- Operating Profit Growth %
- 53.85%
- Net Profit Growth %
- 18.44%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 24.49
- Book Value (₹)
- 272.07
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 9.63
- Operating Margin %
- 5.02%
- Net Margin %
- 2.81%
- ROE %
- 12.04%
- ROCE %
- 13.45%
- 7.20%
- Debtor Days
- 14
- Inventory Days
- 40
- Payable Days
- 15
- 39
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 5.82x
- 2.44x
- Revenue Growth %
- 30.24%
- Operating Profit Growth %
- 0.87%
- Net Profit Growth %
- 9.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 21.14
- Book Value (₹)
- 281.68
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 9.52
- Operating Margin %
- 4.12%
- Net Margin %
- 2.41%
- ROE %
- 7.64%
- ROCE %
- 11.15%
- 5.80%
- Debtor Days
- 17
- Inventory Days
- 45
- Payable Days
- 20
- 43
- Debt to Equity (x)
- 0.10x
- Interest Coverage (x)
- 6.37x
- 2.57x
- Revenue Growth %
- 0.69%
- Operating Profit Growth %
- -3.59%
- Net Profit Growth %
- -13.68%
- -13.68%
- P/E (x)
- 63.19x
- P/B (x)
- 4.74x
- Dividend Yield %
- 0.45%
- 31.81x
Mar 2025
- EPS (₹)
- 35.94
- Book Value (₹)
- 310.87
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 14.45
- Operating Margin %
- 5.16%
- Net Margin %
- 3.81%
- ROE %
- 12.13%
- ROCE %
- 15.56%
- 9.10%
- Debtor Days
- 16
- Inventory Days
- 53
- Payable Days
- 27
- 42
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 19.21x
- 2.29x
- Revenue Growth %
- 7.61%
- Operating Profit Growth %
- 36.88%
- Net Profit Growth %
- 70.08%
- 69.99%
- P/E (x)
- 50.32x
- P/B (x)
- 5.82x
- Dividend Yield %
- 0.55%
- 31.58x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-18 - Patanjali Foods Limited has informed the Exchange about Copy of Newspaper Publication of extract of the Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026.
- Updates
2026-08-18 - Patanjali Foods Limited has informed the Exchange regarding 'Communication to Shareholders Intimation of tax deduction at source (TDS)'.
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-07-01 - Patanjali Foods Limited has informed the Exchange about Credit Rating- Revision
Concalls
Jun 2026
Feb 2026
Nov 2025