CLSEL

Chaman Lal Setia Exports share price & financials

Price
₹295.35
Market cap
₹1.4k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 07 Aug 2026

Chaman Lal Setia Exports Limited Q1 FY27

EBITDA Margin 12.59%

What went well

  • EBITDA margin at 12.59% for Q1 FY27, showing an increase. (Ankit Setia, page 8, 11)
  • Significant increase in average realization, with export selling price at INR 98/kg and domestic at INR 64/kg for Q1 FY27. (Vinay Pandit, page 9)
  • Secured a major new customer, Al-Muhaidib group, with an initial 500-ton shipment and potential for 2 lakh tons. (Rajeev Setia, page 6, 12)

What to watch

  • Top-line growth has been flat, increasing only 1% over the last three years. (Rajesh Agrawal, Ankit Setia, page 4)
  • Volume reduced in Q1 FY27 despite increased sales. (Manish Kela, page 5)
Read the full call →

What Chaman Lal Setia Exports Limited does

Chaman Lal Setia Exports Limited runs a fully integrated farm-to-fork Basmati rice operation, procuring paddy through commission agents across basmati-growing mandis in Punjab and Haryana, then milling, Sortex-sorting, packaging and warehousing the rice at its own facilities. It earns revenue both from its own branded 'Maharani' basmati rice sold in India and overseas, and from private-label basmati rice manufactured for retailers and importers abroad. The company holds Star Export House recognition and has built long-standing relationships with overseas distributors and buyers over several decades of exporting.

Segments

  • Export sales
  • Domestic sales
Countries exported to
95+
Overseas distributor network
440+ distributors globally
Manufacturing locations
Karnal, Haryana and Gandhidham/Mundra, Gujarat
Warehousing capacity
82,500 MT (Karnal)
Rice processing (Sortex) capacity
880 MT/day across 16 Sortex machines
Silo storage capacity
18,750 MT
Founded 1974Headquarters Amritsar, Punjab Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 3 delivered 6 missed 3 open
  • Capacity Addition (Karnal) delivered said Q3 FY25 Promised: In another 15 - 20 days or maximum one month we'll go with the commercial production. Q1 FY27: Promise concluded and remains achieved.
  • Annual Revenue went quiet said Q4 FY25 Promised: This year we expect at least a revenue of INR 2,000 crores with the new plants coming in. Q1 FY27: Promise concluded in FY26. Final status remains ghosted as FY26 revenue was never disclosed.
  • Geographic Focus on track said Q4 FY26 Promised: In terms of increase, I think we will be focusing on USA and Europe going forward. Q1 FY27: Management confirmed a diversified export strategy reaching the US and Europe, mitigating impact from Middle East slowdown.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.7%, net profit up 45.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue369 395 368 307 273 −26%431 +9%428 +16%346 +13%
EBITDA36 40 33 29 24 −33%51 +28%52 +58%44 +52%
Net profit27 29 25 22 19 −30%36 +24%38 +52%32 +45%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +3.7% 1Y

₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 2 Jun 2026Q1 FY27 — 7 Aug 2026

1Y: ₹285.9 on 10 Sept 2025 → ₹296.5. High ₹319.05 (25 Aug 2026), low ₹205.25 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.5%
7 Aug
Q4 FY26
−1.3%
2 Jun
Q3 FY26
+6.1%
13 Feb
Q2 FY26
+2.8%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 1.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.8%.

Year endingFY23FY24FY25FY26
Revenue₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.4k Cr
Operating profit₹159 Cr₹163 Cr₹141 Cr₹156 Cr
Operating margin11.5%12.0%9.4%10.8%
Interest₹7 Cr₹10 Cr₹10 Cr₹9 Cr
Depreciation₹5 Cr₹6 Cr₹3 Cr₹4 Cr
Net profit₹117 Cr₹115 Cr₹104 Cr₹115 Cr
Net margin8.4%8.5%7.0%8.0%
Cash from operations₹7 Cr₹-38 Cr₹73 Cr₹51 Cr
Free cash flow₹-2 Cr₹-52 Cr₹55 Cr₹41 Cr
ROCE26.0%20.0%17.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr
Reserves₹339 Cr₹399 Cr₹598 Cr₹704 Cr₹750 Cr₹828 Cr
Borrowings₹96 Cr₹118 Cr₹121 Cr₹175 Cr₹67 Cr₹83 Cr
Other liabilities₹74 Cr₹94 Cr₹89 Cr₹105 Cr₹145 Cr₹119 Cr
Total liabilities₹519 Cr₹621 Cr₹818 Cr₹994 Cr₹972 Cr₹1.0k Cr
Fixed assets₹48 Cr₹52 Cr₹133 Cr₹143 Cr₹164 Cr₹167 Cr
Capital work in progress₹5 Cr₹6 Cr₹9 Cr₹5 Cr₹2 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹74 Cr₹0 Cr
Other assets₹466 Cr₹562 Cr₹676 Cr₹846 Cr₹733 Cr₹872 Cr
Total assets₹519 Cr₹621 Cr₹818 Cr₹994 Cr₹972 Cr₹1.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −1.15 pp while FIIs added +0.86 pp.

Promoters
74.0%
FIIs
3.3%
DIIs
1.6%
Public
21.1%

Since Jun 2025

  • DIIs −1.15 pp
  • FIIs +0.86 pp
  • Public +0.28 pp

How it drifted, 12 quarters

Over this window the public fell from 24.0% to 21.1% — −2.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.9%, FIIs 1.7%, DIIs 0.4%, Public 24.0%.Dec '23: Promoters 73.9%, FIIs 1.9%, DIIs 0.3%, Public 24.0%.Mar '24: Promoters 73.9%, FIIs 1.8%, Public 24.4%.Jun '24: Promoters 73.9%, FIIs 2.0%, Public 24.1%.Sep '24: Promoters 74.0%, FIIs 1.4%, DIIs 1.3%, Public 23.3%.Dec '24: Promoters 74.0%, FIIs 1.9%, DIIs 2.6%, Public 21.5%.Mar '25: Promoters 74.0%, FIIs 2.0%, DIIs 2.6%, Public 21.3%.Jun '25: Promoters 74.0%, FIIs 2.4%, DIIs 2.7%, Public 20.8%.Sep '25: Promoters 74.0%, FIIs 2.8%, DIIs 2.0%, Public 21.2%.Dec '25: Promoters 74.0%, FIIs 3.1%, DIIs 1.6%, Public 21.3%.Mar '26: Promoters 74.0%, FIIs 3.1%, DIIs 1.6%, Public 21.3%.Jun '26: Promoters 74.0%, FIIs 3.3%, DIIs 1.6%, Public 21.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Chaman Lal Setia Exports Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rajeev Setia 36.62%unchanged
Vijay Kumar Setia 35.33%unchanged
Altitude Investment Fund Pcc FPI fund2.98%unchanged
Prudent Equity Ace Fund AIF1.57%unchanged
Manohar Devabhaktuni 1.29%unchanged
Neelam Setia 0.59%unchanged
Sushma Setia 0.55%unchanged
Sankesh Setia 0.50%unchanged
Ankit Setia 0.33%unchanged
Sukarn Setia 0.08%unchanged
Manju Ahuja 0.02%unchanged
Jagjit Singh 0.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Fair

To justify its price of ₹296, this stock must grow earnings at 3% every year for 7 years. Our analysis caps realistic growth at ~2%. At that growth it is worth ₹278 — downside of 6%.

Growth the price implies
3.1% a year
for 7 years, fading to 4%
It has actually compounded at
0.9% a year
net profit, FY23–FY26 · EPS 2.0%
The gap
0.0 pp
-6% downside if it only repeats history
Price today ₹296.5 Value at the reference growth ₹278.05

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Chaman Lal Setia Exports Limited

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