Lotus Chocolate Company Ltd (LOTUSCHO)

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Lotus Chocolate Company Ltd (LOTUSCHO) · mywealthgrid

About

Small-cap packaged foods company (₹796.67 Cr market cap) in chocolate and confectionery, Consumer Staples sector. 72.07% promoter ownership. Experiencing severe operational distress: revenue down 43% from ₹160.44 Cr (Sep 2025) to ₹91.95 Cr (Jun 2026) and margins turned negative.

Face value: ₹10

Market cap

₹692 Cr

P/E

40.1×

P/B

11.7×

Dividend yield

ROE

33.8%

ROCE

50.3%

Debt / equity

2.49

OPM

5.4%

EPS (TTM)

₹13.4

Book value

₹46.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapse: ₹160.44 Cr (Sep 2025) to ₹91.95 Cr (Jun 2026) signals volume or share loss; verify if demand, competition, or supply-driven
Operating margin deterioration: OPM fell from 6.63% (Sep 2024) to -17.91% (Jun 2026) over 8 months; fixed costs under pressure from lower volume
High leverage (D/E 2.49) with negative recent cash flows limits capacity to fund turnaround or absorb further stress
Market repricing: Stock down 47% YoY with 46.24 PE at near-zero earnings reflects high risk of restructuring or impairment

Generated analysis · source review pending

Growth drivers

Margin recovery: OPM was 6.63% (Sep 2024) vs -17.91% (Jun 2026); partial restoration would generate significant earnings leverage
Revenue stabilization: 43% decline (₹160.44 Cr to ₹91.95 Cr) suggests volume or share loss; verify stabilization trend and underlying cause
Cost structure right-sizing: Fixed base under volume pressure; verify opportunities to reduce overhead or improve supply-chain efficiency
Packaged foods sector growth: Category benefits from India urbanization; verify if company can regain competitiveness or share

Generated analysis · source review pending

2,186 historical price candles were omitted because the exchange source has not been verified.

₹540.4-2.6%1Y

Quick read

rule-based

Pros

+Profit CAGR of 81.3% over the last 5 years
+Revenue CAGR of 52.4% over the last 5 years
+High promoter holding of 72.1% with no pledge

Cons

−Low return on equity of -34.7% (3-yr avg)
−Thin operating margin of 5.4%
−Heavily leveraged (debt/equity 2.5)
−Trading at 11.7× book value

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 45
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	70	48	87	63	200	574
Operating expenses	—	—	—	—	—	—
Operating profit (EBITDA)	2	2	6	-7	3	31
OPM %	2.3%	5%	7.3%	-10.6%	1.5%	5.4%
Depreciation	1	1	0	0	1	2
Interest	0	0	0	0	1	7
	0	0	0	0	1	1
Profit before tax	1	2	6	-7	2	23
Tax	—	—	—	—	—	—
	1	2	6	-7	5	17
PAT margin %	1.3%	3.7%	6.9%	-11.1%	2.5%	3%
EPS (₹)	—	—	—	—	—	—
EPS adjusted (₹)	0.4	0.9	3	-5.4	3.8	13.4
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	20	20	20	20	13	13	13
Reserves	—	-20	-18	-12	-12	30	47
Borrowings	—	14	16	14	6	5	148
Other liabilities	—	7	4	6	8	25	62
Total equity & liabilities	—	21	22	27	15	73	270
Fixed assets	3	2	1	2	2	16	25
CWIP	—	—	—	—	—	—	—
Investments	—	—	—	—	—	—	—
Other assets	—	—	—	—	—	—	—
Total assets	3	21	22	27	15	73	270

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from operations	3	1	6	3	-21	-130
Cash from investing	0	0	-0	-1	-17	-13
Cash from financing	-2	-1	-6	-2	43	137
Net cash flow	1	-1	-1	0	5	-6
Free cash flow	—	—	—	—	—	—
CFO / Operating profit %	183.4%	34.7%	89.1%	—	-710.9%	-415.8%

Compounded sales growth

7 years: —
5 years: 52%
3 years: 88%
1 year: 187%

Compounded profit growth

7 years: —
5 years: 81%
3 years: 42%
1 year: 241%

Return on equity

7 years: —
5 years: -119%
3 years: -256%
Last year: 29%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	2.3%	5%	7.3%	-10.6%	1.5%	5.4%
EBIT margin %	1.3%	3.7%	7%	-10.8%	1%	5.1%
PAT margin %	1.3%	3.7%	6.9%	-11.1%	2.5%	3%
Working capital
Receivable days	—	—	—	—	—	—
Inventory days	—	—	—	—	—	—
Payable days	—	—	—	—	—	—
NWC days	—	—	—	—	—	—
Leverage
Current ratio	2.36	2.28	1.84	1.29	2.15	1.18
Debt to EBITDA	9.11	6.78	2.15	—	1.79	4.76
Debt to equity	476.67	9	1.74	6.6	0.12	2.49
Interest coverage	4.9	9.4	20.4	-29.1	3.8	4.2
Asset turnover	3.32	2.15	3.17	4.24	2.74	2.12
Return ratios
Return on assets %	4.2%	7.9%	21.9%	-47.1%	6.9%	6.4%
Return on capital employed %	7.2%	13.8%	44.9%	-68.6%	10.9%	50.3%
Return on equity %	2,933.3%	98.3%	77%	-809.3%	11.9%	28.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%	72.07%
	0.01%	0.01%	0.01%	0.01%	0.09%	0.08%	0.08%	0.08%	0.01%	0.01%	0.01%	0.01%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.04%	0.04%
	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%
	27.91%	27.91%	27.91%	27.91%	27.83%	27.84%	27.83%	27.83%	27.89%	27.89%	27.87%	27.87%
No. of shareholders	—	—	—	—	—	—	—	—	22,728	22,686	22,403	22,230

Promoter holding up 0 percentage points since Sep 2023.

8 deals · 1 Aug 2022 – 4 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Sept 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	1,00,000	₹1,648.35	₹16.48 Cr
4 Sept 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	1,999	₹1,648.35	₹0.33 Cr
3 Mar 2023	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Buy	70,792	₹191.73	₹1.36 Cr
3 Mar 2023	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	BSE	Sell	58,792	₹200.99	₹1.18 Cr
1 Mar 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	1,09,327	₹212.25	₹2.32 Cr
1 Mar 2023	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	72,768	₹225.39	₹1.64 Cr
1 Aug 2022	REDDYVANGA VENTURES LLP	Bulk	BSE	Sell	1,15,188	₹121.24	₹1.40 Cr
1 Aug 2022	INNOPARK (INDIA) PRIVATE LIMITED	Bulk	BSE	Buy	1,15,188	₹121.24	₹1.40 Cr

1–8 of 8

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Jain Dipak ChandNon-Executive - Independent Director-Chairperson
Mr. Krishnan SudarshanNon-Executive - Independent Director
Ms. Riddhi BhimaniNon-Executive - Independent Director
Mr. Ketan Pravin ModyNon-Executive - Non Independent Director
Mr. Asim Bhupatrai ParekhNon-Executive - Non Independent Director
Mr. Abhijeet PaiNon-Executive - Non Independent Director
Mr. Aditya PaiNon-Executive - Non Independent Director
Mr. Sandipan GhoshChief Executive Officer
Mr. Natarajan Mayuram VenkataramanExecutive Director
Mr. Mohammed RafathullahNon-Executive - Non Independent Director
Mr. Piyush GoyalChief Financial Officer

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F&O

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Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Lotus Chocolate Company Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results15 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

52 announcementsExport CSV

28 Sept 2026, 2:30 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	—	—	—
EBITDA margin %	2.3%	5%	7.3%	-10.6%	1.5%	5.4%
EBIT margin %	1.3%	3.7%	7%	-10.8%	1%	5.1%
PAT margin %	1.3%	3.7%	6.9%	-11.1%	2.5%	3%
Working capital
Receivable days	—	—	—	—	—	—
Inventory days	—	—	—	—	—	—
Payable days	—	—	—	—	—	—
NWC days	—	—	—	—	—	—
Leverage
Current ratio	2.36	2.28	1.84	1.29	2.15	1.18
Debt to EBITDA	9.11	6.78	2.15	—	1.79	4.76
Debt to equity	476.67	9	1.74	6.6	0.12	2.49
Interest coverage	4.9	9.4	20.4	-29.1	3.8	4.2
Asset turnover	3.32	2.15	3.17	4.24	2.74	2.12
Return ratios
Return on assets %	4.2%	7.9%	21.9%	-47.1%	6.9%	6.4%
Return on capital employed %	7.2%	13.8%	44.9%	-68.6%	10.9%	50.3%
Return on equity %	2,933.3%	98.3%	77%	-809.3%	11.9%	28.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Zydus Wellness LimitedZYDUSWELLZYDUSWELL	₹15,695 Cr	₹18,882 Cr	₹4,537 Cr	₹596 Cr	12.9%	₹188 Cr	5%	4.8%	3.4%	106
Bikaji Foods International LimitedBIKAJIBIKAJI	₹12,637 Cr	₹12,846 Cr	₹3,075 Cr	₹413 Cr	13.7%	₹259 Cr	8.5%	20.7%	17.3%	23
The Bombay Burmah Trading Corporation LimitedBBTCBBTC	₹9,313 Cr	₹10,868 Cr	₹19,915 Cr	₹3,540 Cr	17.6%	₹1,290 Cr	12.8%	36.4%	19.6%	-7
Mrs. Bectors Food Specialities LimitedBECTORFOODBECTORFOOD	₹6,540 Cr	₹6,671 Cr	₹2,119 Cr	₹272 Cr	12.6%	₹149 Cr	6.9%	14.6%	11.6%	34
Gopal Snacks LimitedGOPALGOPAL	₹3,177 Cr	₹3,331 Cr	₹1,608 Cr	₹118 Cr	6.7%	₹84 Cr	4.9%	14.4%	16.7%	66
Adf Foods LimitedADFFOODSADFFOODS	₹3,093 Cr	₹3,101 Cr	₹718 Cr	₹137 Cr	19.1%	₹92 Cr	13.2%	21.6%	16.9%	143
Prataap Snacks LimitedDIAMONDYDDIAMONDYD	₹2,564 Cr	₹2,567 Cr	₹1,557 Cr	₹45 Cr	3.8%	₹13 Cr	1.2%	1.1%	3.1%	13
Tasty Bite Eatables LimitedTASTYBITETASTYBITE	₹2,458 Cr	₹2,492 Cr	₹540 Cr	₹74 Cr	13.7%	₹42 Cr	7.7%	17.9%	15.7%	—
Shah Foods LtdSHAHFOODSHAHFOOD	₹766 Cr	₹766 Cr	₹0 Cr	₹0 Cr	—	₹-0 Cr	—	-0.2%	-0.1%	—
Lotus Chocolate Company LtdLOTUSCHOLOTUSCHO	₹692 Cr	₹840 Cr	₹574 Cr	₹31 Cr	5.4%	₹17 Cr	3%	50.3%	33.8%	—
Ganesh Consumer Products LimitedGANESHCPGANESHCP	₹601 Cr	₹610 Cr	₹857 Cr	₹85 Cr	9.8%	₹45 Cr	4.9%	21%	14.2%	29
Nurture Well Industries LtdNWILNWIL	₹466 Cr	₹501 Cr	₹1,026 Cr	₹90 Cr	8.8%	₹67 Cr	8.2%	23.4%	19.9%	44

Date	Category	Subject	Filing
28 Sept 2026, 2:30 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
4 Sept 2026, 12:35 pm	AGM/EGM AGM	Newspaper Clippings - ''Thirty-Seventh Annual General Meeting And Information On E-Voting" And Other Related Information	PDF
3 Sept 2026, 6:05 pm	AGM/EGM AGM	Notice Of The Thirty-Seventh Annual General Meeting	PDF
3 Sept 2026, 6:02 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
1 Sept 2026, 3:53 pm	AGM/EGM AGM	Newspaper Clippings - 'Annual General Meeting' Of The Members Of The Company And Other Related Information	PDF
31 Aug 2026, 7:34 pm	AGM/EGM AGM	37Th Annual General Meeting Of The Members Of The Company Scheduled To Be Held On September 25, 2026	PDF
26 Aug 2026, 10:27 am	Company Update General	Newspaper Clippings - Special Window For Transfer And Dematerialisation (Demat) Of Physical Shares	PDF
15 Jul 2026, 6:41 pm	Result Financial Results	Results-Unaudited Financial Results For The Quarter Ended June 30, 2026	PDF

Lotus Chocolate Company Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1