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CLSEL - Chamanlal Setia

📊 NSE: CLSEL 🏢 Food - Processing - Indian 📅 Last Updated: 12/13/2025 20:54

📢 Recent Corporate Announcements

Chaman Lal Setia Exports to Attend Kaptify Investor Conference on March 18, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 02:56 PM

Chaman Lal Setia Exports Limited (CLSEL) has announced its participation in the Kaptify Investor Conference scheduled for March 18, 2026, in Mumbai. The company management will engage with institutional investors and analysts through group and one-on-one meetings between 9:00 AM and 6:00 PM. The interaction is part of the Kaptify Korporate Konnect event and will be conducted in person. The company has clarified that no unpublished price sensitive information will be discussed during these sessions.

Investor conference scheduled for March 18, 2026, in Mumbai.
Interaction window set from 9:00 AM to 6:00 PM for group and one-on-one meetings.
Event organized by Kaptify Consulting under the 'Kaptify Korporate Konnect' banner.
Discussions will be strictly based on publicly available information.
Meeting is subject to cancellation or rescheduling due to exigencies.

💡 Investors should monitor the stock exchange filings for any investor presentations or transcripts that may be released following the conference. No immediate action is required as this is a routine investor relations activity.

Chaman Lal Setia Exports to Meet Arihant Capital on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Feb 2026, 01:58 PM

Chaman Lal Setia Exports Limited (CLSEL) has scheduled a virtual interaction with Arihant Capital (Broking) on March 9, 2026. The meeting is set to take place from 02:00 PM to 02:30 PM in a group format. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction.

Virtual group meeting scheduled with Arihant Capital (Broking) on March 9, 2026
Interaction duration planned for 30 minutes starting at 02:00 PM
Compliance filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company confirmed that no unpublished price sensitive information will be disclosed

💡 This is a routine investor engagement activity; shareholders should look for any subsequent investor presentations or transcripts for updates on the company's growth outlook.

Chaman Lal Setia Exports Schedules Virtual Investor Meet with Arihant Capital on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Feb 2026, 01:43 PM

Chaman Lal Setia Exports Limited (CLSEL) has announced a virtual group meeting with Arihant Capital (Broking) scheduled for March 9, 2026. The interaction is set to take place between 02:00 PM and 02:30 PM via a digital platform. This disclosure is a routine compliance under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction.

Virtual group meeting scheduled with Arihant Capital (Broking) on March 9, 2026
The interaction is planned for a 30-minute window from 02:00 PM to 02:30 PM
Compliance filing made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company confirms that no unpublished price sensitive information will be shared during the meet

💡 Investors should watch for any post-meet presentations or transcripts uploaded to the company website for insights into management's outlook. This meeting indicates ongoing institutional engagement which is a standard practice for listed entities.

CLSEL Q3 FY26 Call: Export Volumes Double to 34,578 MT Amid Basmati Price Surge

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 17 Feb 2026, 05:23 PM

Chaman Lal Setia Exports reported a significant recovery in Q3 FY26, with export volumes in top markets jumping from 15,493 MT to 34,578 MT. The company benefited from strategic procurement in September, capturing a 4-20% rise in Basmati prices across varieties like 1509 and 1401 by December. Management highlighted improved competitiveness in the US market as tariffs reduced to 19% and noted a shift in global demand away from Pakistan. The company maintains a no-hedging policy on currency, successfully leveraging rupee depreciation to boost the bottom line.

Export volumes for top 6 countries surged over 120% to 34,578 metric tons in Q3 FY26.
Basmati 1509 variety prices rose 15% from INR 6,400 to INR 7,300 per quintal between October and December.
The 1401 variety saw a sharp 21% price increase from INR 6,600 to INR 8,000 per quintal during the quarter.
US import tariffs on Indian rice have been lowered to 19%, providing a significant tailwind for American exports.
Management reported a 15-20% reduction in the overall Basmati crop size, which is supporting higher global realizations.

💡 Investors should view the strong volume growth and timely inventory procurement as positive indicators for margin expansion in upcoming quarters. Monitor the sustainability of export demand and any further changes in international trade tariffs.

CLSEL Releases Audio Recording of Q3 FY26 Investor Conference Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 13 Feb 2026, 04:59 PM

Chaman Lal Setia Exports Limited has released the audio recording of its investor conference call held on February 13, 2026. The call was organized to discuss the company's financial performance for the third quarter ended December 31, 2025. This disclosure provides investors with direct access to management's commentary on the quarter's results and future outlook. The recording is available via the company's official website as per SEBI regulatory requirements.

Audio recording of the Q3 FY26 earnings call held on February 13, 2026, is now available.
The call focused on financial performance for the quarter ended December 31, 2025.
The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations.
Investors can access the recording link directly at https://www.clsel.in/wp-content/uploads/2026/02/GMT20260213-073717_Recording.m4a

💡 Investors should listen to the recording to understand management's views on export demand and raw material pricing. This is a routine administrative update and does not require immediate portfolio changes.

CLSEL Q3FY26 PAT Rises 24% YoY to ₹35.9 Cr; Export Volumes Surge to Record 48,965 MT

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 11:17 AM

Chaman Lal Setia Exports (CLSEL) reported a robust Q3FY26 with PAT growing 24% YoY to ₹35.9 Cr, driven by a sharp recovery in export volumes. Revenue for the quarter stood at ₹431 Cr, up 9% YoY, as the company benefited from global stockpiling and price hikes of 10-20% in premium rice variants. EBITDA margins expanded to 11.85% from 9.99% YoY, reflecting strong operating leverage and better realizations. The company also highlighted a favorable reduction in US import tariffs from 25% to 18%, which is expected to boost competitiveness in the North American market.

Q3FY26 Revenue grew 9% YoY to ₹431 Cr, while EBITDA rose 29.3% to ₹51.1 Cr.
Export volumes hit 48,965 MT in Q3, supported by strong demand from Egypt, Malaysia, and Dubai.
Realized price hikes of 10%-20% across premium Basmati categories including 1509 and 1718 variants.
US import tariffs reduced from 25% to 18%, providing a structural tailwind for future premium exports.
Maintains efficient working capital with a 188-day cycle and a conservative Net Debt/Equity of 0.1x.

💡 Investors should view the strong volume recovery and margin expansion as a positive sign of operational turnaround. The company's lean balance sheet and efficient working capital cycle provide a safety margin for long-term holders.

CLSEL Q3 PAT Rises 24% YoY to ₹35.94 Cr; Revenue Up 9% to ₹431 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 05:21 PM

Chaman Lal Setia Exports Limited (CLSEL) reported a strong quarterly performance for Q3 FY26, with revenue from operations growing 9% YoY to ₹430.99 crore. Net profit for the quarter saw a robust increase of 23.9% YoY, reaching ₹35.94 crore compared to ₹29.01 crore in the same period last year. On a sequential basis (QoQ), the company showed massive growth, with revenue jumping 57.9% and PAT nearly doubling from ₹18.93 crore. While the nine-month revenue is still down 10.3% YoY, the latest quarter indicates a significant recovery in business momentum.

Revenue from operations for Q3 FY26 stood at ₹430.99 crore, up 9% YoY and 57.9% QoQ.
Net Profit (PAT) increased 23.9% YoY to ₹35.94 crore, with margins improving significantly on a sequential basis.
Earnings Per Share (EPS) for the quarter rose to ₹7.24 from ₹5.83 in the year-ago period.
9M FY26 revenue reached ₹1,011.21 crore, reflecting a 10.3% decline compared to ₹1,127.57 crore in 9M FY25.
Total expenses for the quarter were managed at ₹383.28 crore, with a notable change in inventory levels reflecting seasonal processing.

💡 The strong quarterly recovery and sequential growth suggest a turnaround in export demand and better margin management. Investors should maintain a positive outlook but monitor if this momentum sustains in Q4 to bridge the gap in year-to-date performance.

Chaman Lal Setia Exports to Host Q3 & 9M FY26 Earnings Call on February 13, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 06 Feb 2026, 04:41 PM

Chaman Lal Setia Exports Limited (CLSEL) has scheduled a conference call for Friday, February 13, 2026, at 1:00 PM IST to discuss its financial results for the third quarter and nine months ended December 31, 2025. The management team will be led by Mr. Rajeev Setia, Joint Managing Director. The call will be hosted via Zoom and is being coordinated by KAPTIFY Consulting. This is a standard regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements.

Conference call scheduled for February 13, 2026, at 13:00 IST.
Discussion will focus on financial performance for Q3 and 9M FY2025-26.
Management representation by Joint Managing Director Mr. Rajeev Setia.
The call will be recorded and conducted via Zoom (Meeting ID: 850 6037 3192).

💡 Investors should monitor the call for management's outlook on export demand and basmati rice pricing trends. It is advisable to register in advance via the provided Kaptify link to receive joining details.

CLSEL Files Quarterly SEBI Compliance Certificate for Dec 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 02:44 PM

Chaman Lal Setia Exports Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Beetal Financial & Computer Services, confirms that all share certificates received for dematerialization during the quarter ended December 31, 2025, were processed within the mandated 15-day period. This filing ensures that the company's shareholding records are accurately maintained and that physical certificates are properly cancelled and replaced by electronic entries. This is a standard administrative procedure for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirms dematerialization requests were processed and records updated within 15 days.
Issued by Registrar and Share Transfer Agent, Beetal Financial & Computer Services Private Limited.
Verification and cancellation of physical certificates completed as per SEBI guidelines.

💡 This is a routine regulatory filing with no impact on company fundamentals. No specific action is required from investors based on this announcement.

CLSEL to Close Trading Window from Jan 1, 2026, for Q3 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Dec 2025, 04:01 PM

Chaman Lal Setia Exports Limited (CLSEL) has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the announcement of the company's un-audited financial results for the quarter ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives. The trading window will reopen 48 hours after the financial results are officially declared to the exchanges.

Trading window closure effective from January 1, 2026.
Closure pertains to the un-audited financial results for the quarter ended December 31, 2025.
Window will remain closed until 48 hours after the results are announced.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Applies to all designated persons and their immediate relatives.

💡 This is a routine regulatory filing with no immediate impact on stock fundamentals. Investors should wait for the actual Q3 earnings release to assess the company's financial performance.

Chaman Lal Setia Exports Schedules One-on-One Meeting with Emkay PMS on Dec 26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Dec 2025, 02:36 PM

Chaman Lal Setia Exports Limited (CLSEL) has announced a virtual one-on-one meeting with Emkay PMS scheduled for December 26, 2025. The meeting is set to take place at 2:00 PM and is part of the company's regular institutional investor engagement. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

One-on-one virtual meeting scheduled with Emkay PMS for December 26, 2025
The interaction is scheduled to begin at 02:00 PM IST
Company confirms no unpublished price sensitive information will be disclosed
Meeting schedule is subject to change due to unexpected exigencies

💡 This is a routine regulatory filing; investors should watch for any subsequent investor presentations or transcripts that may be released following the meeting. The interest from a PMS like Emkay indicates the company remains under institutional coverage.

Chaman Lal Setia Exports to Meet Eternity Capital on December 15, 2025

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Dec 2025, 02:51 PM

Chaman Lal Setia Exports Limited (CLSEL) has announced a virtual one-on-one meeting with Eternity Capital scheduled for December 15, 2025. The meeting is slated for 12:00 PM and will be conducted via a virtual platform. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction.

One-on-one virtual meeting scheduled with Eternity Capital on December 15, 2025.
Interaction is set to take place at 12:00 PM via virtual mode.
Compliance with SEBI (LODR) Regulations, 2015, regarding institutional investor meetings.
Management confirms that no unpublished price sensitive information will be disclosed.
The schedule is subject to change based on exigencies from either the company or the investor.

💡 Investors should monitor the company's website for any post-meeting presentations or transcripts to gain insights into management's outlook. No immediate trading action is required as this is a routine investor engagement.

View All CLSEL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Overall revenue for H1FY26 stood at INR 580.2 Cr, representing a 20.8% decline from INR 732.3 Cr in H1FY25. Historically, the company saw a 49.4% growth in FY23 to INR 1,393 Cr from INR 932.6 Cr in FY22. Basmati rice remains the dominant segment contributing 90-95% of total sales.

Geographic Revenue Split

Exports contribute approximately 90% of total revenue, with a presence in over 90 countries. Domestic sales account for the remaining 10%, primarily driven by own-brand sales through online platforms like Amazon and Big Basket.

Profitability Margins

Gross Margin improved to 22.8% in H1FY26 from 20.6% in H1FY25. Net Profit Margin for FY25 was reported at 7%, while PAT margin in FY23 was 8.55% (INR 119.10 Cr) compared to 6.74% (INR 62.84 Cr) in FY22.

EBITDA Margin

EBITDA margin for H1FY26 was 9.3% (INR 53.7 Cr), consistent with H1FY25. Operating margins moderated to ~9.5% in FY25 from 12% in FY24 due to increased freight costs, though they are expected to stabilize between 11-12% over the medium term.

Capital Expenditure

The company is expanding through three new packaging facilities in Karnal and the relocation of a facility to Mundra to enhance export logistics. While specific total INR Cr for future capex is not disclosed, cash accruals of INR 120-135 Cr per annum are expected to cover these requirements.

Credit Rating & Borrowing

Upgraded to 'Crisil A+/Stable' in August 2025 from 'Crisil A/Positive'. The company maintains an interest coverage ratio of 14.6 times (FY25) and utilizes only ~23-24% of its fund-based working capital limits.

⚙️ Operational Drivers

Raw Materials

Basmati Paddy and Rice are the primary raw materials, accounting for approximately 90-95% of the total cost of goods sold.

Import Sources

Raw materials are sourced domestically from the states of Haryana and Punjab, India.

Key Suppliers

The company maintains long-term relationships with local suppliers in Haryana and Punjab to ensure consistent quality for milling and sorting operations.

Capacity Expansion

Current capacity includes a milling plant in Karnal with 12 TPA capacity and sorting at 40 TPA (as per historical records), with the Amritsar plant undergoing remodeling. Expansion includes 3 new packaging facilities in Karnal and a strategic relocation to Mundra.

Raw Material Costs

Cost of Goods Sold (COGS) was INR 447.9 Cr in H1FY26, representing 77.2% of revenue. Margins are susceptible to volatility in paddy prices and government-mandated Minimum Support Prices (MSP).

Manufacturing Efficiency

ROCE of ~17% matches industry benchmarks, reflecting high capital productivity and disciplined asset utilization.

Logistics & Distribution

Relocation to Mundra is intended to optimize distribution and reduce lead times for the 90% of revenue derived from international markets.

📈 Strategic Growth

Expected Growth Rate

25%

Growth Strategy

Growth will be driven by increasing the contribution of own-brand sales to over 35% (up from 15-25%), expanding packaging capacity in Karnal, and leveraging the Mundra facility for better export realization. The company also focuses on volumetric growth and geographic diversification.

Products & Services

Milled, sorted, and packaged Basmati Rice sold in bulk (private label) and branded consumer packs.

Brand Portfolio

Mithas, Begum, and Maharani.

New Products/Services

Expansion into domestic online retail (Amazon, Big Basket) is expected to increase branded sales penetration from the current 15-25% level.

Market Expansion

Focusing on increasing penetration in the 90+ existing export countries and strengthening the domestic presence through e-commerce and own-brand retail.

Market Share & Ranking

Recognized as a 3-star Export House and one of the largest private label exporters of Basmati rice from India.

🌍 External Factors

Industry Trends

The Basmati industry is seeing a shift toward branded sales and higher realization despite volume fluctuations. CLSEL is positioned to benefit from its 37% 10-year shareholder CAGR and lean working capital compared to peers.

Competitive Landscape

Competes with major players like KRBL Ltd, though CLSEL maintains a more conservative financial structure with a Net Debt/Equity of 0.1x.

Competitive Moat

Moat is built on 45+ years of promoter experience, strong relationships with 400+ global customers, and a lean working capital cycle (188 days) that provides a cost advantage over larger peers.

Macro Economic Sensitivity

Highly sensitive to monsoon patterns and agricultural output in North India, which dictates raw material pricing and availability.

Consumer Behavior

Increasing consumer preference for branded and packaged Basmati rice globally is driving the company's shift from private label to own-brand sales.

Geopolitical Risks

The Red Sea crisis is a primary risk, impacting freight costs and shipping timelines to European and Middle Eastern markets.

⚖️ Regulatory & Governance

Industry Regulations

Subject to Minimum Support Price (MSP) policies and government procurement regulations for paddy, which directly impact raw material costs and availability.