Hatsun Agro Product Ltd.
•₹ 984.72.18%
2026-08-21
PROS
- Company has been maintaining a healthy dividend payout of 47.9%
- Working capital cycle has improved - days down from -11 to -28
- Company converts assets efficiently - asset turnover of 1.6x
CONS
- Stock is trading at 12.5x its book value
- Inventory has been piling up - inventory days up from 34 to 51
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NESTLEIND | 1469.90 | 74.37 | 283442.92 | 0.82 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| 2. | VBL | 432.75 | 43.23 | 146376.17 | 0.35 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| 3. | BRITANNIA | 5410.00 | 50.04 | 130309.75 | 1.67 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| 4. | JUBLFOOD | 495.90 | 75.40 | 32721.72 | 0.24 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| 5. | HATSUN | 931.75 | 59.58 | 20754.57 | 1.72 | 60.58 | — | 2363.72 | 17.61 | 14.60 | 10.81 |
| 6. | DEVYANI | 142.85 | 0.00 | 17612.54 | 0.00 | 17.10 | 667.68 | 1580.52 | 16.47 | 8.98 | 16.09 |
| 7. | ZYDUSWELL | 492.95 | 83.34 | 15683.73 | 0.24 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| 8. | MILKYMIST | 199.55 | 120.95 | 15362.23 | 0.00 | — | — | — | — | 13.79 | — |
| 9. | BIKAJI | 609.25 | 59.09 | 15276.12 | 0.21 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| 10. | LTFOODS | 429.90 | 23.31 | 14928.40 | 0.70 | 1834.46 | 988.67 | 31518.31 | 1179.20 | 21.42 | 11.26 |
| 11. | MANORAMA | 1924.70 | 49.26 | 12149.17 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 19.70 | 26.29 |
| 12. | KRBL | 399.75 | 12.07 | 9149.87 | 1.13 | 260.74 | 73.16 | 1495.86 | -5.59 | 11.92 | 20.56 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|
| 2,047 | 2,375 | 2,072 | 2,010 | 2,243 | 2,590 | 2,428 | 2,364 | |
| 1,817 | 2,045 | 1,831 | 1,796 | 2,018 | 2,229 | 2,103 | 2,108 | |
| Operating Profit | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — |
| Other Income | 2 | 2 | 7 | 2 | 9 | 4 | 4 | 3 |
| Interest | 50 | 46 | 45 | 43 | 48 | 43 | 38 | 33 |
| Depreciation | 111 | 111 | 116 | 117 | 127 | 137 | 144 | 146 |
| 71 | 176 | 88 | 56 | 59 | 184 | 148 | 79 | |
| Tax % | 26.44% | 25.65% | 26.49% | 26.46% | 26.54% | 26.62% | 25.75% | 23.24% |
| Net Profit | 0 | 0 | 0 | 0 | 43 | 135 | 110 | 61 |
| 2 | 6 | 3 | 2 | 2 | 6 | 5 | 3 | |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Mar 2024
- 2,047
- 1,817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 50
- Depreciation
- 111
- 71
- Tax %
- 26.44%
- Net Profit
- 0
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,375
- 2,045
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 46
- Depreciation
- 111
- 176
- Tax %
- 25.65%
- Net Profit
- 0
- 6
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,072
- 1,831
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 45
- Depreciation
- 116
- 88
- Tax %
- 26.49%
- Net Profit
- 0
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,010
- 1,796
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 43
- Depreciation
- 117
- 56
- Tax %
- 26.46%
- Net Profit
- 0
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,243
- 2,018
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 48
- Depreciation
- 127
- 59
- Tax %
- 26.54%
- Net Profit
- 43
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,590
- 2,229
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 43
- Depreciation
- 137
- 184
- Tax %
- 26.62%
- Net Profit
- 135
- 6
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,428
- 2,103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 38
- Depreciation
- 144
- 148
- Tax %
- 25.75%
- Net Profit
- 110
- 5
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,364
- 2,108
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 33
- Depreciation
- 146
- 79
- Tax %
- 23.24%
- Net Profit
- 61
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 7,990 | 8,700 | 9,624 | |
| 7,091 | 7,690 | 8,459 | |
| Operating Profit | 922 | 1,030 | — |
| OPM % | 12 | 12 | — |
| Other Income | 23 | 20 | 20 |
| Interest | 154 | 182 | 162 |
| Depreciation | 409 | 470 | 554 |
| 358 | 377 | 469 | |
| Tax % | 25 | 26 | 26 |
| Net Profit | 267 | 279 | 348 |
| EPS | 12 | 13 | — |
| Dividend Payout % | 50 | 48 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 12 | 13 | — |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 12 | 13 | — |
Mar 2024
- 7,990
- 7,091
- Operating Profit
- 922
- OPM %
- 12
- Other Income
- 23
- Interest
- 154
- Depreciation
- 409
- 358
- Tax %
- 25
- Net Profit
- 267
- EPS
- 12
- Dividend Payout %
- 50
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2025
- 8,700
- 7,690
- Operating Profit
- 1,030
- OPM %
- 12
- Other Income
- 20
- Interest
- 182
- Depreciation
- 470
- 377
- Tax %
- 26
- Net Profit
- 279
- EPS
- 13
- Dividend Payout %
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
TTM
- 9,624
- 8,459
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 162
- Depreciation
- 554
- 469
- Tax %
- 26
- Net Profit
- 348
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 1%
- 3 Years:
- -6%
- 1 Year:
- 6%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| LIABILITIES | - | - |
| Equity Capital | 22 | 22 |
| 1,550 | 1,695 | |
| 885 | 757 | |
| Trade Payables | 188 | 253 |
| 2,648 | 2,804 | |
| Total Liabilities | 5,293 | 5,531 |
| ASSETS | - | - |
| 2,767 | 3,274 | |
| Capital Work in Progress | 238 | 284 |
| 30 | 37 | |
| 1,452 | 996 | |
| 10 | 8 | |
| Cash & Bank | 53 | 71 |
| 742 | 861 | |
| Total Assets | 5,293 | 5,531 |
| Total Debt | 2,272 | 2,097 |
| Net Working Capital | -250 | -666 |
| Contingent Liabilities | 77 | 173 |
| Book Value per Share | 70.57 | 77.09 |
| Face Value | 1.00 | 1.00 |
| Total Debt | 2,272 | 2,097 |
| Net Working Capital | -250 | -666 |
| Contingent Liabilities | 77 | 173 |
| Book Value per Share | 70.57 | 77.09 |
| Face Value | 1.00 | 1.00 |
Mar 2024
- Equity Capital
- 22
- 1,550
- 885
- Trade Payables
- 188
- 2,648
- Total Liabilities
- 5,293
- 2,767
- Capital Work in Progress
- 238
- 30
- 1,452
- 10
- Cash & Bank
- 53
- 742
- Total Assets
- 5,293
- Total Debt
- 2,272
- Net Working Capital
- -250
- Contingent Liabilities
- 77
- Book Value per Share
- 70.57
- Face Value
- 1.00
- Total Debt
- 2,272
- Net Working Capital
- -250
- Contingent Liabilities
- 77
- Book Value per Share
- 70.57
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 22
- 1,695
- 757
- Trade Payables
- 253
- 2,804
- Total Liabilities
- 5,531
- 3,274
- Capital Work in Progress
- 284
- 37
- 996
- 8
- Cash & Bank
- 71
- 861
- Total Assets
- 5,531
- Total Debt
- 2,097
- Net Working Capital
- -666
- Contingent Liabilities
- 173
- Book Value per Share
- 77.09
- Face Value
- 1.00
- Total Debt
- 2,097
- Net Working Capital
- -666
- Contingent Liabilities
- 173
- Book Value per Share
- 77.09
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -71 | 1,450 | |
| Cash from Investing | -388 | -882 |
| Cash from Financing | 474 | -564 |
| 14 | 4 | |
| Free Cash Flow | -71 | 562 |
| OCF / Net Profit | -0.27 | 5.20 |
| Cumulative 5-Year FCF | 0 | 0 |
| OCF / Net Profit | -0.27 | 5.20 |
| Cumulative 5-Year FCF | 0 | 0 |
Mar 2024
- -71
- Cash from Investing
- -388
- Cash from Financing
- 474
- 14
- Free Cash Flow
- -71
- OCF / Net Profit
- -0.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.27
- Cumulative 5-Year FCF
- 0
Mar 2025
- 1,450
- Cash from Investing
- -882
- Cash from Financing
- -564
- 4
- Free Cash Flow
- 562
- OCF / Net Profit
- 5.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.20
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| PER SHARE | - | - |
| EPS (₹) | 12.00 | 12.51 |
| Book Value (₹) | 70.57 | 77.09 |
| Dividend per Share (₹) | 6.00 | 6.00 |
| Cash EPS (₹) | 30.38 | 33.63 |
| PROFITABILITY | - | - |
| Operating Margin % | 11.25% | 11.61% |
| Net Margin % | 3.34% | 3.20% |
| ROE % | 32.88% | 16.95% |
| ROCE % | 24.32% | 14.60% |
| 9.28% | 5.15% | |
| EFFICIENCY | - | - |
| Debtor Days | 1 | 0 |
| Inventory Days | 34 | 51 |
| Payable Days | 8 | 13 |
| 27 | 38 | |
| FINANCIAL HEALTH | - | - |
| Debt to Equity (x) | 1.44x | 1.22x |
| Interest Coverage (x) | 3.32x | 3.07x |
| 0.86x | 0.63x | |
| GROWTH | - | - |
| Revenue Growth % | 600.37% | 8.88% |
| Operating Profit Growth % | 1290.44% | 11.73% |
| Net Profit Growth % | 9483.69% | 4.32% |
| 1360.08% | 4.32% | |
| VALUATION | - | - |
| P/E (x) | 84.03x | 77.09x |
| P/B (x) | 14.28x | 12.51x |
| Dividend Yield % | 0.60% | 0.62% |
| 26.78x | 22.84x |
Mar 2024
- EPS (₹)
- 12.00
- Book Value (₹)
- 70.57
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 30.38
- Operating Margin %
- 11.25%
- Net Margin %
- 3.34%
- ROE %
- 32.88%
- ROCE %
- 24.32%
- 9.28%
- Debtor Days
- 1
- Inventory Days
- 34
- Payable Days
- 8
- 27
- Debt to Equity (x)
- 1.44x
- Interest Coverage (x)
- 3.32x
- 0.86x
- Revenue Growth %
- 600.37%
- Operating Profit Growth %
- 1290.44%
- Net Profit Growth %
- 9483.69%
- 1360.08%
- P/E (x)
- 84.03x
- P/B (x)
- 14.28x
- Dividend Yield %
- 0.60%
- 26.78x
Mar 2025
- EPS (₹)
- 12.51
- Book Value (₹)
- 77.09
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 33.63
- Operating Margin %
- 11.61%
- Net Margin %
- 3.20%
- ROE %
- 16.95%
- ROCE %
- 14.60%
- 5.15%
- Debtor Days
- 0
- Inventory Days
- 51
- Payable Days
- 13
- 38
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 3.07x
- 0.63x
- Revenue Growth %
- 8.88%
- Operating Profit Growth %
- 11.73%
- Net Profit Growth %
- 4.32%
- 4.32%
- P/E (x)
- 77.09x
- P/B (x)
- 12.51x
- Dividend Yield %
- 0.62%
- 22.84x
Documents
Announcements
- Press Release
2026-08-17 - Hatsun Agro Product Limited has informed the Exchange regarding a press release dated August 17, 2026, titled "Press Release on Arun Icecreams Debuts at New York India Day Parade as US Presence Grows".
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-06 - Hatsun Agro Product Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Sep 2025
Aug 2025
Apr 2024