Ruchi Soya

IPO Size

`4,300 Cr

Price Band

NA

Minimum Lot Size

NA

Face Value

NA

Employee Discount

NA

Retail Allocation

35%

Issue Open Date

NA

Issue Close Date

NA

Listing Date

NA

About the Company:

Ruchi Soya is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well recognised brands having pan India presence. The firm is one of the largest FMCG companies in the Indian edible oil sector and fully integrated edible oil refining companies in India. Being the pioneers and largest manufacturers of soya foods has aided their brand ‘Nutrela’ in becoming a household and generic name in India. The company operates across the entire value chain in palm and soya segment, with a healthy mix of upstream and downstream business. The firm has been allocated zones to undertake palm plantation by the Government, which assists them in backward integration of sourcing palm oil. Ruchi Soya is the largest player in terms of allocated zones. Their integration also extends downstream to the oleochemicals and other by-product and derivatives business. They are pioneers in soya chunks which are associated with nutrition and good health. Leveraging upon the brand ‘Nutrela’, the company has launched a range of premium edible oils and blended edible oils and ‘Nutrela High Protein Chakki Atta’ and ‘Nutrela Honey’ in Fiscal 2021. Further, Ruchi soya has expanded its packaged food portfolio by acquiring the ‘Patanjali’ product portfolio of biscuits, cookies, rusks, noodles, and breakfast cereals.

 

Outstanding Litigation:

S.No. 1 - Company 2 - Promoters 3 - Directors
Entity Name By the Company Against the Company By the Promoters Against the Promoters By the Subsidiaries Against the Subsidiaries
Criminal cases 105 - 55 11 - 15
Material civil cases 14 1 - - - -
Taxation matters - 254 - 15 - -
Regulatory Procedings - 11 - 106 - 3
Amt. (In Million Rs.) 2,26,881.57 4,525.35 282.55 24009.8 - Non-Quantifiable

 

Financial Statements:

Income Statement (In Millions) FY21 FY20 FY19
Gross Operating Income 163829.8 131753.7 128292.55
Cost of Employee & Inventory 143066.6 117478.5 115666.44
Other Expenses 10579.48 9690.44 10406.57
EBITDA 10183.69 4584.72 2219.54
Depreciation 1332.5 1357.73 1382.44
Interest  3707.18 1123.14 69.90
Profit Before Tax and Exceptional items  5144.01 2103.85 767.2
Exceptional Items - 74902.3 -425.91
Profit Before Tax    5144.01 77006.15 341.29
 Tax -1663.71 -140 -
Profit After Tax 6807.72 77146.15 341.29

Promoter of the Company

The promoters of the company are Acharya Balkrishna, Ram Bharat, Snehlata Bharat, Ruchi Soya Industries Limited Beneficiary Trust, Patanjali Ayurved Limited, Vedic Broadcasting Limited, Patanjali Peya Private Limited, Patanjali Natural Biscuits Private Li

Peer Comparison

The company faces tough competition from Britannia, Dabur, Marico, ITC, Nestle, Zydus Wellness, Godrej Agrovet and Agro Tech Foods.

Objectives of the Issue

Offer for Sale

The issue size is a complete fresh issue.

Fresh Issue

The company has planned to raise fresh capital comprising an aggregate of up to Rs. 4,300 cr. The net proceeds will be utilized for: • Repayment/prepayment of long term borrowings at Rs. 2,663.8 cr. • Funding working capital requirements at Rs. 593.42 cr. • Rest will be utilized for general corporate purpose.

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