Ruchi Soya FPO – Investment Rationale, Outlook, Financials, Valuations: KRChoksey

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Ruchi Soya Industries Ltd. is incorporated in 1986 and headquartered at Mumbai. It is one of India’s largest manufacturer of soy foods branded as ‘Nutrela’ which has become a household and generic name in India. It is one of the integrated player in the edible oil business having a presence across entire value chain and it has a largest palm plantation in India.

It is also in the business of wind power generation where the renewable power generated is used for sale and for captive use. It has manufacturing facilities at 23 locations through an access to pan-India distribution network.

In FY21, Ruchi Soya has added two new business verticals, honey and atta.

Further in FY22, it has expanded its packaged food portfolio by adding biscuits, cookies, rusks, noodles and breakfast cereals to its products. It has a plan to launch a healthy nutraceutical products in order to venture into a niche and high growth fast moving health goods segment.

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