Edible oils, which are obtained from plant, animal, or synthetic fat, are used in baking, frying, and other food preparation techniques. They are a source of essential fatty acids. These are also used in various non-heated flavourings and food preparations, such as salad dressings and bread dips. Extraction, refinement, and processing alter the cooking medium’s physicochemical composition and create a range of other changes during various food preparations. When choosing an oil, caution should be given to satisfy its unique properties.
Indian farmers are fortunate to have access to a large range of oilseed crops cultivated in various agroclimatic zones. Among the oilseeds that have historically been grown are castor, linseed, nigerseed, rapeseed, mustard, and rapeseed. Recently, the popularity of sunflower and soybean has increased. The most significant crop grown on plantations is coconut. Oil palm is grown in the Andaman and Nicobar Islands, Andhra Pradesh, Tamil Nadu, and Kerala’s northeastern districts. Hence, India has a vast range of companies that manufacture & sell edible oil. In this article we are going to see some of the top edible oil companies in India.
The market leader in the edible oil sector is Adani Wilmar. It is one of the top 10 consumer FMCG firms in India & top edible oil companies in India. This partnership between the Adani Group and the Wilmar Group was established in 1999, and on February 8, 2022, its shares went public. Its flagship brand, Fortune, sells a variety of edible oil products, including soybean oil, palm oil, rice bran oil, blended mustard oil, cottonseed oil, and sunflower oil. In addition to edible oils, they provide necessities for the kitchen such as wheat flour, lentils, rice, and sugar. However, around 65% of their earnings come from edible oils.
In 10 Indian states, the corporation operates 22 facilities, 10 crusher units, and 19 refineries. With 5,590 distributors, it serves more than 16 lakh retail establishments. It can reach 91 million households and has 22 manufacturing facilities. More than 50 nations get their exports of FMCG, industrial supplies, and items made with edible oil.
Incorporated in 1991, Gujarat Ambuja Exports Limited (GAEL) is one of the top edible oil companies in India. It produces cotton yarn, feed components, corn derivatives, culinary oils, and products made from corn starch. The agro-processing industry, has a long-term growth strategy.
ITC, HUL, Dabur, Asian Paints, Patanjali, Colgate, Nestle, Mondelez, Parle, Biocon, Cargill India, Heinz, and other companies are among its clientele. It has the second-largest capacity for crushing soybeans in India, with 4,600 TPD. It can produce 1200 tpd of edible oil.
On of the largest edible oil companies in India is Ruchi Soya Industries Limited. For $4,350 crores, Patanjali Ayurveda purchased it in 2019. The business belonged to the Ruchi group. It produces and markets food items like baking fats, soy products, and cooking oils.
Groundnut oil, cottonseed oil, Ruchi Gold palmolein, and Ruchi Gold mustard oil are among the oils sold under the company’s umbrella brand Mahakosh. Soybean oil, mustard oil, sunflower oil, groundnut oil, and rice bran oil are all sold under the name Nutrela. Ruchi soya has developed into an Indian farm-to-fork edible oil company since its inception in 1986. It now ranks among the top FMCG companies and owns one of India’s biggest palm farms.
The company Agro Tech Foods Limited produces, markets, and sells a range of food products, including edible oils & today it is one of the top edible oil companies in India. It is traded on both the Bombay Stock Exchange and the National Stock Exchange (NSE) (BSE). They are associated with ConAgra Brands, Inc., one of the biggest food firms in the world. Currently, edible oils make up around 61% of its sales, but it faces challenges from restrictions, oil availability, high prices, and fierce competition. More than 1100 distributors make up its distribution network, which provides goods to more than 4,00,000 retailers in India.
Small-cap stock Agro-tech foods limited has a respectable current ratio of 2.56, which is good. The promoters’ ownership of the company, which hasn’t changed in more than five quarters, is 51.77%. When compared to the average over the previous three years, both its sales and profits have experienced slow growth.
Gokul Agro Resources Limited produces non-edible oils, edible oils, and meals; however, in FY 2020–21, edible oils and related by-products accounted for 83.84% of the company’s sales. Its portfolio of edible oil brands includes Zaika, Vitalife, and Mahek.
It exports its goods to numerous countries, including China, South Korea, the European Union, and the United States. Exports account for 13.34% of company revenue. In 20 Indian states, it operates a marketing and distribution network. The company’s debt-to-equity ratio is perfect at 0.53 and its PE ratio is lower than the industry average, which is a plus. If we consider the average for the last three years, it has an excellent current ratio of 1.12, and its revenue increased by 18.34% while its net profit increased by 42.45%.
Vanaspati and cooking oils are the main products that Ajanta Soya produces and sells. Additionally, it produces a variety of shortening goods for use in bakeries with biscuits, pastries, and other products. It also produces refined oils under contract for numerous well-known brands. Dhruv, Anchal, and Parv are a few of their own brands.
Some of its key customers include Cremica, Britannia, Godrej, Bikano, United Biscuits, Anmol, Sungold, Parle, Harvest Gold, PepsiCo, PriyaGold, ITC, and Haldirams. The company’s board of directors has approved a 5:1 stock split in order to increase share liquidity. Today it stands as one of the best edible oil companies in India.
The best edible oil companies in India were examined in this article. We provided you with information about businesses that might be the source of the edible oils you eat. The budgetary recommendations appear to be favourable for India’s edible oil industry, and we expect that further advantageous steps would be made in the upcoming years to lessen reliance on imports.
To know more details of companies, the major stakeholders, their network, the revenue of the companies, and many more important details. Explore the subscription plans available with us. Click here.