Lotus Chocolate Company Limited was listed on the Bombay Stock Exchange (BSE) in October 1991. In the last year, the Lotus Chocolate Company Ltd. gave a massive return of more than 7610%. Will it continue to provide such impressive returns this year and in the future? Let’s explore the Lotus Chocolate’s growth potential and the Lotus Chocolate share price target 2025 to 2050 in this article.
About Lotus Chocolate
Lotus Chocolate was established in 1989. It specialises in the production and distribution of high-quality cocoa products, chocolates, and confectioneries. Serving various industries, including foodservice and retail. Lotus Chocolate offers cocoa powder, cocoa butter, and customized chocolate solutions.
Business of Lotus Chocolate
- Cocoa Products Manufacturing: Lotus Chocolate produces and sells cocoa powder, cocoa butter, and cocoa mass to businesses such as bakeries, ice cream manufacturers, and foodservice companies.
- Chocolate and Confectionery Sales: The company offers a range of chocolates and confectionery products for retail and wholesale markets, catering to consumer demand for high-quality chocolate items.
- Customized Solutions: The company provides tailored chocolate and cocoa-based solutions for industrial clients, meeting specific product requirements.
- Exports: Lotus earns revenue through international sales of its cocoa and chocolate products, tapping into global markets.
- Private Label Manufacturing: The company manufactures chocolate products under private labels for other brands, which diversifies its revenue streams.
Lotus Chocolate Fundamental Analysis
| Stock Name | Lotus Chocolate Company Ltd. |
|---|---|
| Market Cap | ₹ 1248 Cr. |
| 52W High | ₹ 2609 |
| 52W Low | ₹ 305 |
| Stock P/E (TTM) | 72.4 |
| Book Value | ₹46.4 |
| Dividend Yield | 0.00 % |
| ROCE | 1.41 % |
| ROE | – |
| Face Value | ₹ 10 |
| Industry PE | 31.3 |
| Price to book value | 21.0 |
| Debt to equity | 2.49 |
| PEG Ratio | 0.89 |
| Quick ratio | 0.78 |
| Share holder | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 72.07% | 72.07% | 72.07% |
| FIIs | 0.01% | 0.01% | 0.08% |
| DIIs | 0.01% | 0.01% | 0.02% |
| Government | 0.01% | 0.01% | 0.01% |
| Public | 27.92% | 27.91% | 27.82% |
| No. of Shareholders | 15,126 | 12,538 | 24,187 |
Lotus Chocolate Balance Sheet
| Particulars | Mar 2024 | Mar 2025 |
|---|---|---|
| Equity Capital | 13 | 13 |
| Reserves | -20 | 47 |
| Borrowings | 45 | 148 |
| Other Liabilities | 22 | 62 |
| Total Liabilities | 59 | 270 |
| Fixed Assets | 2 | 25 |
| CWIP | 1 | 3 |
| Investments | 18 | 0 |
| Other Assets | 38 | 242 |
| Total Assets | 59 | 270 |
Pros of Lotus Chocolate
- Strategic Acquisition by Reliance: In May 2023, Reliance Consumer Products Limited (RCPL), a subsidiary of Reliance Retail Ventures Limited, completed the acquisition of a 51% controlling stake in Lotus Chocolate for ₹74 crore. Reliance’s history of rapid growth and market expansion could accelerate Lotus Chocolate’s growth trajectory.
- Potential for Market Expansion: Backed by Reliance, Lotus can potentially enter untapped markets and benefit from Reliance’s strong retail channels such as Reliance Retail and JioMart.
- Growing Demand for Chocolate: With rising consumer preferences for premium chocolates in India, Lotus is well-positioned to use the growing market of chocolate and cocoa-based confectionary.
- Strong Sales Growth: Lotus Chocolate sales have grown at 88% CAGR over the last three years.
- Strong Profit Growth: Lotus Chocolate profits have grown at 81% CAGR over the last five years.
- High Promoter Holding: Lotus Chocolate has a strong promoter holding of 72.1%, which shows the high confidence of promoters in the company’s future growth and stability.
- Increase in DIIs Holding: Domestic Institutional Investors (DIIs) have increased their holding to 0.02% in March 2025 from 0.01% in December 2024, which indicates growing confidence in the Lotus Chocolate future potential by the DIIs.
Cons of Lotus Chocolate
- Small-Cap Stock Volatility: Despite recent growth, Lotus Chocolate is still a small-cap company with a market cap of ₹1,702 crore, making its stock highly volatile.
- Intense Industry Competition: The chocolate and confectionery market is highly competitive, with established players such as Mondelez and Nestlé, which can create challenges for Lotus Chocolate in expanding its market share.
- Low Return on Equity (ROCE): Lotus Chocolate 5-year average ROCE is 5.70%, which shows that it is not using shareholders’ funds efficiently to generate profits.
- Overvaluation Concern: Lotus Chocolate stock is trading at a PE ratio of 73.3 and a (P/B) ratio of 21.2, which shows that its stock is significantly overvalued compared to its earnings and assets.
- High Financial Risk: Lotus Chocolate has a high debt-to-equity ratio of 2.49, indicating a strong dependency on debt. This increases financial risk, raises interest costs, and may have an impact on profitability.
By the end of 2025, the Lotus Chocolate share price is expected to be around ₹1320 in normal conditions. In a bear market, it might be ₹1230, and in a bull market, it may go up to ₹1520.
| Lotus Chocolate Share Price Target 2025 | Rupees (₹) |
|---|---|
| 1st Target | 1230 |
| 2nd Target | 1320 |
| 3rd Target | 1520 |
In 2026, the Lotus Chocolate share price is expected to be around ₹1550 in a normal situation. In a bear market, it might be ₹1470, and in a bull market, it may cross ₹1980.
| Lotus Chocolate Share Price Target 2026 | Rupees (₹) |
|---|---|
| 1st Target | 1470 |
| 2nd Target | 1550 |
| 3rd Target | 1980 |
According to our analysis, the Lotus Chocolate share price is expected to be around ₹1950 in 2027. In a bear market, it might be ₹1770, and in a bull market, it may cross ₹2575.
| Lotus Chocolate Share Price Target 2027 | Rupees (₹) |
|---|---|
| 1st Target | 1770 |
| 2nd Target | 1950 |
| 3rd Target | 2575 |
According to our analysis, the Lotus Chocolate share price may trade near ₹2550 by 2028; bearish conditions could pull it down to ₹2120, while a strong bull run might lift it to ₹3350.
| Lotus Chocolate Share Price Target 2028 | Rupees (₹) |
|---|---|
| 1st Target | 2120 |
| 2nd Target | 2550 |
| 3rd Target | 3350 |
In a normal situation, the Lotus Chocolate share price is projected to be approximately ₹2750 in 2029. In a bear market, the value may be as low as ₹2550, while in a bull market, it may rise to ₹4350.
| Lotus Chocolate Share Price Target 2029 | Rupees (₹) |
|---|---|
| 1st Target | 2550 |
| 2nd Target | 2750 |
| 3rd Target | 4350 |
By 2030, the Lotus Chocolate share price is projected to be around ₹3450 under normal conditions. In adverse markets, the price could fall to ₹3060, while favorable conditions might push it up to ₹5660.
| Lotus Chocolate Share Price Target 2030 | Rupees (₹) |
|---|---|
| 1st Target | 3060 |
| 2nd Target | 3450 |
| 3rd Target | 5660 |
By 2035, the Lotus Chocolate share price is projected to be around ₹8500 under normal conditions. In adverse markets, the price could fall to ₹6120, while favorable conditions might push it up to ₹16985.
| Lotus Chocolate Share Price Target 2035 | Rupees (₹) |
|---|---|
| 1st Target | 6120 |
| 2nd Target | 8500 |
| 3rd Target | 16985 |
Under normal conditions, the Lotus Chocolate share price might hit ₹17500 by 2040. A bearish trend could lower it to ₹12240, whereas a bullish surge could raise it to ₹50960.
| Lotus Chocolate Share Price Target 2040 | Rupees (₹) |
|---|---|
| 1st Target | 12240 |
| 2nd Target | 17500 |
| 3rd Target | 50960 |
In 2050, the Lotus Chocolate share price is expected to be around ₹55000 in a normal situation. In a bear market, it might be ₹48970, and in a bull market, it may go up to ₹305800.
| Lotus Chocolate Share Price Target 2050 | Rupees (₹) |
|---|---|
| 1st Target | 48970 |
| 2nd Target | 55000 |
| 3rd Target | 305800 |
| Years | Target Price |
|---|---|
| Lotus Chocolate Share Price Target 2025 | ₹1230 to ₹1520 |
| Lotus Chocolate Share Price Target 2026 | ₹1470 to ₹1980 |
| Lotus Chocolate Share Price Target 2027 | ₹1770 to ₹2575 |
| Lotus Chocolate Share Price Target 2028 | ₹2120 to ₹3350 |
| Lotus Chocolate Share Price Target 2029 | ₹2550 to ₹4350 |
| Lotus Chocolate Share Price Target 2030 | ₹3060 to ₹5660 |
| Lotus Chocolate Share Price Target 2035 | ₹6120 to ₹16985 |
| Lotus Chocolate Share Price Target 2040 | ₹12240 to ₹50960 |
| Lotus Chocolate Share Price Target 2050 | ₹48970 to ₹305800 |
Conclusion
Lotus Chocolate Company has delivered impressive returns over the last year and has strong growth potential, especially with Reliance Industries’ 51% stake. Reliance’s support can assist the company in expanding its reach, improving operations, and entering new markets. The rising demand for premium chocolates in India contributes to the company’s growth prospects. Lotus Chocolate, a small-cap stock, is highly volatile and faces stiff competition from major brands such as Nestlé and Mondelez.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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