Chaman Lal Setia Exports Limited (CLSEL) was incorporated in Amritsar, Punjab, in 1994 by Mr. Chaman Lal Setia and his sons. It stands as one of the oldest rice millers cum exporters of all varieties of Basmati rice from India. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present holding the prestigious 'Star Export House' status.
The company operates as a comprehensive rice manufacturing and export business, serving global markets with high-quality basmati and non-basmati rice products. CLSEL exports to approximately 80 countries worldwide, including European, Middle Eastern, American, and Asian markets. This extensive international reach demonstrates the company's strong position in the global rice export market.
The company is primarily engaged in the business of milling and processing basmati rice. CLSEL has a manufacturing unit located in Karnal, Haryana, with an installed capacity of approximately 12 metric tons per hour. Additionally, the company possesses grading and sorting facilities in Amritsar, Punjab, and Kandla, Gujarat. A new packing unit at Gandhidham, Gujarat, commenced operations in April 2018.
The company processes rice in-house, employing parboiled, raw, and steam processes. Its processing facility is strategically shifting to Mundra, Gujarat, with commercial operations slated to begin on July 4, 2025. This strategic expansion of facilities underscores the company's commitment to increasing production capacity and enhancing operational efficiency.
Chaman Lal Setia Exports offers a diverse range of rice products, catering to various market segments. The company's prominent Basmati brands include Maharani, Mithas, and Begum. It also sells non-basmati rice under its brand Green World Aromatic Rice. The product portfolio extends to specialized offerings such as Maharani Diabetics Rice and Basmati Rice Plus, as well as organic products like Maharani - Brown Basmati Rice.
The company's own brands contributed approximately 10% of total revenues, growing by 46% in FY24. Notably, CLSEL is recognized as India's largest private label exporter, managing over 300 private label brands. This focus on innovative product development and private label expansion positions it strongly in both the premium and diverse segments of the market.
As of June 25, 2025, the market capitalization of Chaman Lal Setia Exports Ltd (CLSEL) stands at ₹1,722.99 crore. The company's 52-week high stock price was ₹447.20, and its 52-week low was ₹203.29. The P/E (price-to-earnings) ratio of CLSEL is 16.75.
• FY 2025 Performance:
• Sales: Rose 10.30% to ₹1,495.26 crore in the year ended March 2025, compared to ₹1,355.63 crore in the previous year (FY24).
• Net Profit: Declined 11.03% to ₹102.88 crore in the year ended March 2025, compared to ₹115.64 crore in the previous year (FY24).
• Q4 FY2025 Performance:
• Net Profit: Rose 5.59% to ₹24.55 crore in the quarter ended March 2025, compared to ₹23.25 crore in the previous corresponding quarter (Q4 FY24).
• Sales: Declined 4.13% to ₹367.69 crore in the quarter ended March 2025, compared to ₹383.53 crore in the previous corresponding quarter (Q4 FY24).
• H1 FY2025 Performance:
• Net Sales: INR 7,322.68 million, compared to INR 5,720.3 million a year ago.
• Net Income: INR 493.22 million, compared to INR 536.98 million a year ago.
CLSEL is experiencing robust revenue growth, reporting ₹1,500 crores, driven by operational efficiencies and a strategic focus on expanding private label offerings. However, the company faces significant challenges from rising ocean freight costs and fluctuating rice prices. Despite these headwinds, management remains optimistic about future profitability, anticipating improvements as operational issues stabilize and global demand for rice increases.
While navigating geopolitical dynamics and market fluctuations, the company is actively enhancing its brand recognition and exploring new opportunities, particularly in the Japanese market for sticky rice. CLSEL's strategic focus on value-added products and private label expansion positions it favorably for future growth, even amidst current market challenges.
As per the last reported quarter, the shareholding pattern for Chaman Lal Setia Exports Ltd is as follows:
• Promoter Holding: 74%
• Foreign Institutional Investors (FII): 2%
• Domestic Institutional Investors (DII): 2.6%
• Public Holding: 21.3%
The promoters of Chaman Lal Setia Exports Ltd are Mr. Rajeev Setia and Mr. Vijay Kumar Setia. On May 28, 2025, the Board of Directors recommended a final dividend of ₹2.5 per equity share (i.e., 125%), subject to shareholder approval.
Chaman Lal Setia Exports Ltd received listing approval from the National Stock Exchange Limited on May 10, 2021, with trading in its shares commencing on the NSE from May 12, 2021. The company is listed on both NSE (Symbol: CLSEL) and BSE (Code: 530307), providing investors with multiple trading platforms for investment in the company's shares.
