The Supreme Court on Friday allowed completion of a forensic audit of Ruchi Soya Industries (now taken over by Baba Ramdev’s Patanjali Ayurved) and asked its erstwhile management to cooperate in the process. The audit has been initiated at the instance of IDBI Bank, which is leading a consortium of …

SC allows forensic audit of Ruchi Soya Industries

Incorporated in 1986, Patanjali Foods (formerly known as Ruchi Soya Industries Ltd) is one of the leading firms in the edible oils segment and is aiming to become a major player in FMCG and FMHG as well.

Patanjali Foods Q1 profit down 64% to Rs 87.75 crore

Group firm Patanjali Foods (previously Ruchi Soya) will also play a significant part in achieving the milestone, having set a target of Rs 45,000-50,000 crore turnover in next five years. As part of its portfolio premiumisation strategy, Patanjali Foods introduced a new range of offerings in nutrace…

Aiming Rs 1 lakh cr turnover for Patanjali Group in next 5 years: Baba Ramdev

Patanjali Foods, formerly known as Ruchi Soya Industries, plans to dilute a 6% stake through an institutional share sale, to satisfy minimum public shareholding norms of 25%. Current public shareholding in Patanjali Foods stands at 19.18%. Baba Ramdev led the Ruchi Soya acquisition in 2019 through t…

Patanjali Foods promoters to dilute 6% share to meet minimum shareholding norms, launches road show

The main story of Patanjali lies in the merged food business of Patanjali with Ruchi Soya. This is where growth as well as valuation trigger lies JM Financial said

Patanjali Foods, Akzo Nobel, UPL, Ujjivan Financial are JM Financial’s 2023 picks that can deliver up to 46% returns

Shares of Adani Wilmar and Patanjali Foods (formerly called Ruchi Soya) have risen up to 29 per cent in a month as sentiment is upbeat due to the upcoming festive season. The shares of edible oil and packaged food products firms might further rally on bourses in the near future amid expectations of …

Adani Wilmar vs Patanjali Foods: Which stock do analysts recommend?

“Patanjali Group current turnover is around Rs 40,000 crore. The Group turnover is expected to reach Rs 1 lakh crore in 5-7 years,” Ramdev told reporters here. He said the Patanjali Group firm, Patanjali Foods (erstwhile Ruchi Soya), is already listed on stock exchanges and its market capitalisation…

Patanjali Group expects turnover of Rs 1 lakh crore in next 5-7 years; to launch 4 IPOs

It is worth noting that at present Patanjali Foods is the only listed company among the Patanjali group companies. Albeit, the IPO of Patanjali Foods, earlier known as Ruchi Soya, did not come under the leadership of the yoga guru. Ruchi Soya was bought by Patanjali Ayurved in 2019 for Rs 4,350 cror…

Baba Ramdev to announce IPO plans of 5 Patanjali group companies today; check details here

Patanjali Group IPO Plan: Earlier this year, Baba Ramdev-owned Patanjali Ayurved divested its food retail business to group company Ruchi Soya Industries Ltd last month for Rs 690 crore. Through its follow-on public offer (FPO), Ruchi Soya collected Rs 4,300 crore, to clear its bank and long-term bo…

Patanjali Group plans to float 4 IPOs in next five years

Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.

Patanjali IPO News | Baba Ramdev: Patanjali will launch at least 4 IPOs in next 5 years: Baba Ramdev

Experts have given a ‘Buy’ recommendation on Patanjali Foods as the company is well poised ahead with widely recognised brands across value chains. Patanjali Foods was formerly known as Ruchi Soya.

Baba Ramdev-backed stock is a multibagger, skyrockets over 105% in 2 years

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ruchi Soya Industries LTd is engaged primarily in the business of processing oilseeds and refining crude oil for edible use. The Company’s operating segments include Seed Extractions, Vanaspati, Oils, Food Products, Wind Power Generation, and Others.