Chaman Lal Setia Exports Ltd
NSE:CLSEL
Chaman Lal Setia Exports Ltd
Chaman Lal Setia Exports Ltd. manufactures, trades, and markets rice. The company is headquartered in Gurgaon, Haryana. The firm is engaged in the business of milling and processing basmati rice. The firm exports to approximately 80 countries around the world, which included European, Middle eastern, American, Asian and many other markets. The firm has a manufacturing unit located in Karnal, Haryana, which has an installed capacity of approximately 12 metric tons per hour. The firm also has grading and sorting facilities in Amritsar, Punjab, and Kandla, Gujarat. The firm processes rice in-house and uses a parboiled, raw, steam process. The Company’s brands include Maharani, Mithas and Begum basmati brands. The company is also involved in selling non-basmati rice under its brand Green World Aromatic Rice. The firm also sells other products, such as Maharani Diabetics Rice and Basmati Rice Plus, and organic products, such as Maharani - Brown Basmati Rice.
Chaman Lal Setia Exports Ltd. manufactures, trades, and markets rice. The company is headquartered in Gurgaon, Haryana. The firm is engaged in the business of milling and processing basmati rice. The firm exports to approximately 80 countries around the world, which included European, Middle eastern, American, Asian and many other markets. The firm has a manufacturing unit located in Karnal, Haryana, which has an installed capacity of approximately 12 metric tons per hour. The firm also has grading and sorting facilities in Amritsar, Punjab, and Kandla, Gujarat. The firm processes rice in-house and uses a parboiled, raw, steam process. The Company’s brands include Maharani, Mithas and Begum basmati brands. The company is also involved in selling non-basmati rice under its brand Green World Aromatic Rice. The firm also sells other products, such as Maharani Diabetics Rice and Basmati Rice Plus, and organic products, such as Maharani - Brown Basmati Rice.
Volume Recovery: The company saw a strong recovery in sales volumes this quarter, with export volumes to top 6 countries more than doubling compared to the previous period.
Price Increases: Basmati rice prices rose 4% to 20% across varieties during the quarter; the company benefited from timely procurement at lower prices.
Profitability Up: Improved sales volumes and better pricing contributed to strong profitability in Q3.
US Tariff Reduction: US tariff on Indian rice fell from 50% to 19%, reopening opportunities in the American market.
Brand Expansion: The Maharani brand now accounts for 8%–9% of revenue, with international and online expansion underway.
New Product Launch: The company is developing a rice-based tea, "Teasan," which has passed initial lab tests and will launch online.
Guidance Reaffirmed: Management aims to achieve INR 1,500 crore in full-year revenue and expects Q4 performance and margins to remain strong.
CapEx and Debt: New packing automation investments of INR 5–10 crores are planned; bank borrowing remains low due to healthy cash flows and inventory management.
