We feels that food product companies has got good potential in India and LT Foods is a company which is available at PE multiple of 10, which is very reasonable valuations. LT Foods has its rice mill factory at three locations which is Sonipat, Amritsar and Bhopal. The brands of the company are Daawat and Heritage. This company has a strong distribution network not only in India but also overseas. About six years back this company acquired a US company called Kusha Inc, which has got a 48% market share of the US rice market. This has been a big positive for LT Foods.If we see financials of the company, EPS of about Rs 22-24. So the stock is currently trading close to Rs 242, which is available at a PE multiple of 10. Recently the India Agri-Business fund advised by Rabo Equity advisors has taken a stake not just in LT foods but also in one of the subsidiaries of LT Foods which is Daawat Foods Ltd. Given all these factors the food product companies have got good potential in India and LT foods is a company which is available at PE multiple of 10 and this is available at very reasonable valuations compared to its Peers. Big Players also Invested in this sector because consumption is ongoing Process.
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