Hatsun Agro Product Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 20.5% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.94x)
- Company has been maintaining a healthy dividend payout of 46.8%
- Working capital cycle has improved - days down from -11 to -27
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- Stock is trading at 12.5x its book value
- Expensive relative to growth - PEG of 15.8
- Growth is decelerating - 3Y profit CAGR (4.8%) trails the 5Y trend (20.5%)
* 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 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,151 | 1,905 | 1,887 | 2,047 | 2,375 | 2,072 | 2,010 | 2,243 | 2,535 | 2,381 | 2,315 | 2,578 | 3,090 | |
| 1,913 | 1,687 | 1,675 | 1,817 | 2,045 | 1,831 | 1,796 | 2,018 | 2,165 | 2,051 | 2,058 | 2,342 | 2,923 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 14 | 4 | 2 | 2 | 7 | 2 | 9 | 3 | 4 | 2 | 3 | 3 |
| Interest | 34 | 32 | 38 | 50 | 46 | 45 | 43 | 48 | 43 | 37 | 33 | 32 | 32 |
| Depreciation | 97 | 100 | 102 | 111 | 111 | 116 | 117 | 127 | 129 | 136 | 139 | 146 | 151 |
| 109 | 101 | 77 | 71 | 176 | 88 | 56 | 59 | 201 | 162 | 88 | 60 | 171 | |
| Tax % | 26.51% | 23.40% | 25.12% | 26.44% | 25.65% | 26.49% | 26.46% | 26.54% | 26.44% | 25.63% | 23.47% | 14.86% | 21.67% |
| Net Profit | 80 | 78 | 57 | 52 | 131 | 64 | 41 | 43 | 148 | 120 | 67 | 51 | 134 |
| 4 | 3 | 3 | 2 | 6 | 3 | 2 | 2 | 7 | 5 | 3 | 2 | 1 | |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 2,151
- 1,913
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 34
- Depreciation
- 97
- 109
- Tax %
- 26.51%
- Net Profit
- 80
- 4
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,905
- 1,687
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 32
- Depreciation
- 100
- 101
- Tax %
- 23.40%
- Net Profit
- 78
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 1,887
- 1,675
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 38
- Depreciation
- 102
- 77
- Tax %
- 25.12%
- Net Profit
- 57
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,047
- 1,817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 50
- Depreciation
- 111
- 71
- Tax %
- 26.44%
- Net Profit
- 52
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,375
- 2,045
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 46
- Depreciation
- 111
- 176
- Tax %
- 25.65%
- Net Profit
- 131
- 6
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,072
- 1,831
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 45
- Depreciation
- 116
- 88
- Tax %
- 26.49%
- Net Profit
- 64
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,010
- 1,796
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 43
- Depreciation
- 117
- 56
- Tax %
- 26.46%
- Net Profit
- 41
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 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%
- 2,535
- 2,165
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 43
- Depreciation
- 129
- 201
- Tax %
- 26.44%
- Net Profit
- 148
- 7
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,381
- 2,051
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 37
- Depreciation
- 136
- 162
- Tax %
- 25.63%
- Net Profit
- 120
- 5
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,315
- 2,058
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 33
- Depreciation
- 139
- 88
- Tax %
- 23.47%
- Net Profit
- 67
- 3
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 2,578
- 2,342
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 32
- Depreciation
- 146
- 60
- Tax %
- 14.86%
- Net Profit
- 51
- 2
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,090
- 2,923
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 32
- Depreciation
- 151
- 171
- Tax %
- 21.67%
- Net Profit
- 134
- 1
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 22
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,445 | 4,198 | 4,287 | 4,760 | 5,308 | 5,551 | 6,370 | 7,247 | 7,990 | 8,667 | 10,364 | |
| 3,140 | 3,820 | 3,916 | 4,319 | 4,758 | 4,749 | 5,649 | 6,546 | 7,091 | 7,654 | 9,373 | |
| Operating Profit | 309 | 385 | 380 | 448 | 559 | 808 | 731 | 712 | 922 | 1,033 | — |
| OPM % | 9 | 9 | 9 | 9 | 11 | 15 | 11 | 10 | 12 | 12 | — |
| Other Income | 5 | 7 | 8 | 6 | 9 | 6 | 10 | 11 | 23 | 19 | 12 |
| Interest | 68 | 70 | 88 | 86 | 106 | 108 | 107 | 126 | 154 | 182 | 134 |
| Depreciation | 107 | 143 | 174 | 201 | 296 | 295 | 311 | 362 | 409 | 465 | 572 |
| 134 | 172 | 119 | 161 | 156 | 404 | 314 | 225 | 358 | 386 | 480 | |
| Tax % | 55 | 21 | 23 | 29 | 28 | 32 | 21 | 26 | 25 | 26 | 22 |
| Net Profit | 60 | 135 | 91 | 115 | 112 | 274 | 248 | 166 | 267 | 285 | 372 |
| EPS | 4 | 9 | 6 | 7 | 5 | 11 | 10 | 8 | 12 | 13 | — |
| Dividend Payout % | 72 | 45 | 67 | 56 | 86 | 63 | 52 | 81 | 50 | 47 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 6 | 4 | 5 | 5 | 12 | 11 | 7 | 12 | 13 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 6 | 4 | 5 | 5 | 12 | 11 | 7 | 12 | 13 | — |
- 3,445
- 3,140
- Operating Profit
- 309
- OPM %
- 9
- Other Income
- 5
- Interest
- 68
- Depreciation
- 107
- 134
- Tax %
- 55
- Net Profit
- 60
- EPS
- 4
- Dividend Payout %
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- 4,198
- 3,820
- Operating Profit
- 385
- OPM %
- 9
- Other Income
- 7
- Interest
- 70
- Depreciation
- 143
- 172
- Tax %
- 21
- Net Profit
- 135
- EPS
- 9
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- 4,287
- 3,916
- Operating Profit
- 380
- OPM %
- 9
- Other Income
- 8
- Interest
- 88
- Depreciation
- 174
- 119
- Tax %
- 23
- Net Profit
- 91
- EPS
- 6
- Dividend Payout %
- 67
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 4,760
- 4,319
- Operating Profit
- 448
- OPM %
- 9
- Other Income
- 6
- Interest
- 86
- Depreciation
- 201
- 161
- Tax %
- 29
- Net Profit
- 115
- EPS
- 7
- Dividend Payout %
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- 5,308
- 4,758
- Operating Profit
- 559
- OPM %
- 11
- Other Income
- 9
- Interest
- 106
- Depreciation
- 296
- 156
- Tax %
- 28
- Net Profit
- 112
- EPS
- 5
- Dividend Payout %
- 86
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- 5,551
- 4,749
- Operating Profit
- 808
- OPM %
- 15
- Other Income
- 6
- Interest
- 108
- Depreciation
- 295
- 404
- Tax %
- 32
- Net Profit
- 274
- EPS
- 11
- Dividend Payout %
- 63
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- 6,370
- 5,649
- Operating Profit
- 731
- OPM %
- 11
- Other Income
- 10
- Interest
- 107
- Depreciation
- 311
- 314
- Tax %
- 21
- Net Profit
- 248
- EPS
- 10
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- 7,247
- 6,546
- Operating Profit
- 712
- OPM %
- 10
- Other Income
- 11
- Interest
- 126
- Depreciation
- 362
- 225
- Tax %
- 26
- Net Profit
- 166
- EPS
- 8
- Dividend Payout %
- 81
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- 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
- 8,667
- 7,654
- Operating Profit
- 1,033
- OPM %
- 12
- Other Income
- 19
- Interest
- 182
- Depreciation
- 465
- 386
- Tax %
- 26
- Net Profit
- 285
- EPS
- 13
- Dividend Payout %
- 47
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- 10,364
- 9,373
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 134
- Depreciation
- 572
- 480
- Tax %
- 22
- Net Profit
- 372
- 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:
- 11%
- 5 Years:
- 10%
- 3 Years:
- 11%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- 21%
- 3 Years:
- 5%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 1%
- 3 Years:
- -6%
- 1 Year:
- 6%
RETURN ON EQUITY
- 10 Years:
- 23%
- 5 Years:
- 20%
- 3 Years:
- 16%
- Last Year:
- 17%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 11 | 15 | 15 | 16 | 16 | 22 | 22 | 22 | 22 | 22 |
| 220 | 333 | 350 | 789 | 888 | 1,000 | 1,087 | 1,418 | 1,550 | 1,702 | |
| 441 | 550 | 757 | 526 | 576 | 875 | 924 | 655 | 885 | 757 | |
| Trade Payables | 137 | 170 | 171 | 178 | 142 | 140 | 147 | 184 | 188 | 241 |
| 349 | 519 | 738 | 738 | 1,091 | 1,080 | 1,722 | 1,850 | 2,648 | 2,770 | |
| Total Liabilities | 1,157 | 1,588 | 2,032 | 2,246 | 2,714 | 3,117 | 3,901 | 4,131 | 5,293 | 5,493 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 647 | 991 | 1,217 | 1,408 | 1,756 | 1,929 | 2,410 | 2,615 | 2,767 | 3,047 | |
| Capital Work in Progress | 33 | 90 | 259 | 233 | 355 | 384 | 237 | 254 | 238 | 245 |
| 0 | 0 | 0 | 0 | 0 | 8 | 14 | 21 | 30 | 267 | |
| 347 | 297 | 384 | 403 | 374 | 570 | 609 | 576 | 1,452 | 987 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 28 | |
| Cash & Bank | 29 | 55 | 33 | 36 | 45 | 39 | 40 | 42 | 53 | 62 |
| 101 | 154 | 139 | 165 | 185 | 186 | 592 | 623 | 742 | 857 | |
| Total Assets | 1,157 | 1,588 | 2,032 | 2,246 | 2,714 | 3,117 | 3,901 | 4,131 | 5,293 | 5,493 |
| Total Debt | 672 | 919 | 1,299 | 1,028 | 1,197 | 1,418 | 1,708 | 1,448 | 2,272 | 2,097 |
| Net Working Capital | -202 | -421 | -610 | -358 | -459 | -619 | -635 | -433 | -250 | -642 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 43 | 120 | 77 | 168 |
| Book Value per Share | 21.15 | 22.91 | 24.02 | 50.36 | 55.95 | 47.39 | 51.44 | 64.68 | 70.57 | 77.39 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 672 | 919 | 1,299 | 1,028 | 1,197 | 1,418 | 1,708 | 1,448 | 2,272 | 2,097 |
| Net Working Capital | -202 | -421 | -610 | -358 | -459 | -619 | -635 | -433 | -250 | -642 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 43 | 120 | 77 | 168 |
| Book Value per Share | 21.15 | 22.91 | 24.02 | 50.36 | 55.95 | 47.39 | 51.44 | 64.68 | 70.57 | 77.39 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
- Equity Capital
- 11
- 220
- 441
- Trade Payables
- 137
- 349
- Total Liabilities
- 1,157
- 647
- Capital Work in Progress
- 33
- 0
- 347
- 0
- Cash & Bank
- 29
- 101
- Total Assets
- 1,157
- Total Debt
- 672
- Net Working Capital
- -202
- Contingent Liabilities
- 0
- Book Value per Share
- 21.15
- Face Value
- 1.00
- Total Debt
- 672
- Net Working Capital
- -202
- Contingent Liabilities
- 0
- Book Value per Share
- 21.15
- Face Value
- 1.00
- Equity Capital
- 15
- 333
- 550
- Trade Payables
- 170
- 519
- Total Liabilities
- 1,588
- 991
- Capital Work in Progress
- 90
- 0
- 297
- 0
- Cash & Bank
- 55
- 154
- Total Assets
- 1,588
- Total Debt
- 919
- Net Working Capital
- -421
- Contingent Liabilities
- 0
- Book Value per Share
- 22.91
- Face Value
- 1.00
- Total Debt
- 919
- Net Working Capital
- -421
- Contingent Liabilities
- 0
- Book Value per Share
- 22.91
- Face Value
- 1.00
- Equity Capital
- 15
- 350
- 757
- Trade Payables
- 171
- 738
- Total Liabilities
- 2,032
- 1,217
- Capital Work in Progress
- 259
- 0
- 384
- 0
- Cash & Bank
- 33
- 139
- Total Assets
- 2,032
- Total Debt
- 1,299
- Net Working Capital
- -610
- Contingent Liabilities
- 0
- Book Value per Share
- 24.02
- Face Value
- 1.00
- Total Debt
- 1,299
- Net Working Capital
- -610
- Contingent Liabilities
- 0
- Book Value per Share
- 24.02
- Face Value
- 1.00
- Equity Capital
- 16
- 789
- 526
- Trade Payables
- 178
- 738
- Total Liabilities
- 2,246
- 1,408
- Capital Work in Progress
- 233
- 0
- 403
- 0
- Cash & Bank
- 36
- 165
- Total Assets
- 2,246
- Total Debt
- 1,028
- Net Working Capital
- -358
- Contingent Liabilities
- 0
- Book Value per Share
- 50.36
- Face Value
- 1.00
- Total Debt
- 1,028
- Net Working Capital
- -358
- Contingent Liabilities
- 0
- Book Value per Share
- 50.36
- Face Value
- 1.00
- Equity Capital
- 16
- 888
- 576
- Trade Payables
- 142
- 1,091
- Total Liabilities
- 2,714
- 1,756
- Capital Work in Progress
- 355
- 0
- 374
- 0
- Cash & Bank
- 45
- 185
- Total Assets
- 2,714
- Total Debt
- 1,197
- Net Working Capital
- -459
- Contingent Liabilities
- 0
- Book Value per Share
- 55.95
- Face Value
- 1.00
- Total Debt
- 1,197
- Net Working Capital
- -459
- Contingent Liabilities
- 0
- Book Value per Share
- 55.95
- Face Value
- 1.00
- Equity Capital
- 22
- 1,000
- 875
- Trade Payables
- 140
- 1,080
- Total Liabilities
- 3,117
- 1,929
- Capital Work in Progress
- 384
- 8
- 570
- 0
- Cash & Bank
- 39
- 186
- Total Assets
- 3,117
- Total Debt
- 1,418
- Net Working Capital
- -619
- Contingent Liabilities
- 0
- Book Value per Share
- 47.39
- Face Value
- 1.00
- Total Debt
- 1,418
- Net Working Capital
- -619
- Contingent Liabilities
- 0
- Book Value per Share
- 47.39
- Face Value
- 1.00
- Equity Capital
- 22
- 1,087
- 924
- Trade Payables
- 147
- 1,722
- Total Liabilities
- 3,901
- 2,410
- Capital Work in Progress
- 237
- 14
- 609
- 0
- Cash & Bank
- 40
- 592
- Total Assets
- 3,901
- Total Debt
- 1,708
- Net Working Capital
- -635
- Contingent Liabilities
- 43
- Book Value per Share
- 51.44
- Face Value
- 1.00
- Total Debt
- 1,708
- Net Working Capital
- -635
- Contingent Liabilities
- 43
- Book Value per Share
- 51.44
- Face Value
- 1.00
- Equity Capital
- 22
- 1,418
- 655
- Trade Payables
- 184
- 1,850
- Total Liabilities
- 4,131
- 2,615
- Capital Work in Progress
- 254
- 21
- 576
- 0
- Cash & Bank
- 42
- 623
- Total Assets
- 4,131
- Total Debt
- 1,448
- Net Working Capital
- -433
- Contingent Liabilities
- 120
- Book Value per Share
- 64.68
- Face Value
- 1.00
- Total Debt
- 1,448
- Net Working Capital
- -433
- Contingent Liabilities
- 120
- Book Value per Share
- 64.68
- Face Value
- 1.00
- 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
- Equity Capital
- 22
- 1,702
- 757
- Trade Payables
- 241
- 2,770
- Total Liabilities
- 5,493
- 3,047
- Capital Work in Progress
- 245
- 267
- 987
- 28
- Cash & Bank
- 62
- 857
- Total Assets
- 5,493
- Total Debt
- 2,097
- Net Working Capital
- -642
- Contingent Liabilities
- 168
- Book Value per Share
- 77.39
- Face Value
- 1.00
- Total Debt
- 2,097
- Net Working Capital
- -642
- Contingent Liabilities
- 168
- Book Value per Share
- 77.39
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 219 | 433 | 277 | 375 | 552 | 518 | 576 | 741 | -71 | 1,443 | |
| Cash from Investing | -134 | -569 | -523 | -343 | -537 | -418 | -565 | -441 | -388 | -880 |
| Cash from Financing | -79 | 162 | 223 | -31 | -7 | -106 | -8 | -300 | 474 | -564 |
| 6 | 26 | -23 | 1 | 8 | -7 | 3 | 0 | 14 | -1 | |
| Free Cash Flow | 94 | 416 | -245 | 20 | -178 | 55 | 29 | 241 | -377 | 826 |
| OCF / Net Profit | 3.61 | 3.20 | 3.05 | 3.27 | 4.92 | 1.89 | 2.32 | 4.47 | -0.27 | 5.06 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 107 | 67 | -320 | 166 | -231 | 773 |
| OCF / Net Profit | 3.61 | 3.20 | 3.05 | 3.27 | 4.92 | 1.89 | 2.32 | 4.47 | -0.27 | 5.06 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 107 | 67 | -320 | 166 | -231 | 773 |
- 219
- Cash from Investing
- -134
- Cash from Financing
- -79
- 6
- Free Cash Flow
- 94
- OCF / Net Profit
- 3.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.61
- Cumulative 5-Year FCF
- 0
- 433
- Cash from Investing
- -569
- Cash from Financing
- 162
- 26
- Free Cash Flow
- 416
- OCF / Net Profit
- 3.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.20
- Cumulative 5-Year FCF
- 0
- 277
- Cash from Investing
- -523
- Cash from Financing
- 223
- -23
- Free Cash Flow
- -245
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.05
- Cumulative 5-Year FCF
- 0
- 375
- Cash from Investing
- -343
- Cash from Financing
- -31
- 1
- Free Cash Flow
- 20
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- 0
- 552
- Cash from Investing
- -537
- Cash from Financing
- -7
- 8
- Free Cash Flow
- -178
- OCF / Net Profit
- 4.92
- Cumulative 5-Year FCF
- 107
- OCF / Net Profit
- 4.92
- Cumulative 5-Year FCF
- 107
- 518
- Cash from Investing
- -418
- Cash from Financing
- -106
- -7
- Free Cash Flow
- 55
- OCF / Net Profit
- 1.89
- Cumulative 5-Year FCF
- 67
- OCF / Net Profit
- 1.89
- Cumulative 5-Year FCF
- 67
- 576
- Cash from Investing
- -565
- Cash from Financing
- -8
- 3
- Free Cash Flow
- 29
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- -320
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- -320
- 741
- Cash from Investing
- -441
- Cash from Financing
- -300
- 0
- Free Cash Flow
- 241
- OCF / Net Profit
- 4.47
- Cumulative 5-Year FCF
- 166
- OCF / Net Profit
- 4.47
- Cumulative 5-Year FCF
- 166
- -71
- Cash from Investing
- -388
- Cash from Financing
- 474
- 14
- Free Cash Flow
- -377
- OCF / Net Profit
- -0.27
- Cumulative 5-Year FCF
- -231
- OCF / Net Profit
- -0.27
- Cumulative 5-Year FCF
- -231
- 1,443
- Cash from Investing
- -880
- Cash from Financing
- -564
- -1
- Free Cash Flow
- 826
- OCF / Net Profit
- 5.06
- Cumulative 5-Year FCF
- 773
- OCF / Net Profit
- 5.06
- Cumulative 5-Year FCF
- 773
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 5.57 | 8.90 | 5.97 | 7.19 | 6.94 | 12.69 | 11.52 | 7.45 | 12.00 | 12.81 |
| Book Value (₹) | 21.15 | 22.91 | 24.02 | 50.36 | 55.95 | 47.39 | 51.44 | 64.68 | 70.57 | 77.39 |
| Dividend per Share (₹) | 4.00 | 4.00 | 4.00 | 4.00 | 6.00 | 8.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Cash EPS (₹) | 8.00 | 13.28 | 12.62 | 14.54 | 18.62 | 25.89 | 25.46 | 23.68 | 30.38 | 33.70 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.97% | 9.15% | 8.86% | 9.40% | 10.53% | 14.55% | 11.48% | 9.82% | 11.25% | 11.70% |
| Net Margin % | 1.75% | 3.22% | 2.12% | 2.41% | 2.12% | 4.93% | 3.90% | 2.29% | 3.34% | 3.29% |
| ROE % | 26.89% | 46.81% | 25.44% | 19.63% | 13.14% | 28.41% | 23.31% | 13.01% | 17.74% | 17.32% |
| ROCE % | 23.31% | 22.30% | 14.07% | 14.12% | 13.33% | 22.58% | 15.99% | 12.29% | 15.21% | 14.82% |
| 5.47% | 9.86% | 5.02% | 5.37% | 4.53% | 9.38% | 7.07% | 4.13% | 5.67% | 5.29% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 1 | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
| Inventory Days | 32 | 28 | 29 | 30 | 27 | 31 | 34 | 30 | 46 | 51 |
| Payable Days | 18 | 18 | 20 | 19 | 16 | 14 | 12 | 12 | 12 | 13 |
| 15 | 12 | 11 | 12 | 12 | 18 | 22 | 19 | 35 | 39 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.92x | 2.64x | 3.55x | 1.28x | 1.32x | 1.39x | 1.54x | 1.00x | 1.44x | 1.22x |
| Interest Coverage (x) | 2.96x | 3.45x | 2.35x | 2.88x | 2.48x | 4.73x | 3.94x | 2.78x | 3.32x | 3.13x |
| 0.70x | 0.50x | 0.44x | 0.60x | 0.52x | 0.54x | 0.55x | 0.62x | 0.86x | 0.64x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.44% | 21.86% | 2.14% | 11.03% | 11.51% | 4.58% | 14.76% | 13.76% | 10.26% | 8.47% |
| Operating Profit Growth % | 51.07% | 24.40% | -1.26% | 17.77% | 24.85% | 44.56% | -9.48% | -2.62% | 29.43% | 12.11% |
| Net Profit Growth % | 54.50% | 123.80% | -32.91% | 26.43% | -2.24% | 143.68% | -9.26% | -33.19% | 61.15% | 6.80% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 61.11% | 6.80% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 84.03x | 75.30x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.28x | 12.47x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 0.62% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 26.78x | 22.77x |
- EPS (₹)
- 5.57
- Book Value (₹)
- 21.15
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 8.00
- Operating Margin %
- 8.97%
- Net Margin %
- 1.75%
- ROE %
- 26.89%
- ROCE %
- 23.31%
- 5.47%
- Debtor Days
- 1
- Inventory Days
- 32
- Payable Days
- 18
- 15
- Debt to Equity (x)
- 2.92x
- Interest Coverage (x)
- 2.96x
- 0.70x
- Revenue Growth %
- 17.44%
- Operating Profit Growth %
- 51.07%
- Net Profit Growth %
- 54.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 8.90
- Book Value (₹)
- 22.91
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 13.28
- Operating Margin %
- 9.15%
- Net Margin %
- 3.22%
- ROE %
- 46.81%
- ROCE %
- 22.30%
- 9.86%
- Debtor Days
- 2
- Inventory Days
- 28
- Payable Days
- 18
- 12
- Debt to Equity (x)
- 2.64x
- Interest Coverage (x)
- 3.45x
- 0.50x
- Revenue Growth %
- 21.86%
- Operating Profit Growth %
- 24.40%
- Net Profit Growth %
- 123.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 5.97
- Book Value (₹)
- 24.02
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 12.62
- Operating Margin %
- 8.86%
- Net Margin %
- 2.12%
- ROE %
- 25.44%
- ROCE %
- 14.07%
- 5.02%
- Debtor Days
- 2
- Inventory Days
- 29
- Payable Days
- 20
- 11
- Debt to Equity (x)
- 3.55x
- Interest Coverage (x)
- 2.35x
- 0.44x
- Revenue Growth %
- 2.14%
- Operating Profit Growth %
- -1.26%
- Net Profit Growth %
- -32.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 7.19
- Book Value (₹)
- 50.36
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 14.54
- Operating Margin %
- 9.40%
- Net Margin %
- 2.41%
- ROE %
- 19.63%
- ROCE %
- 14.12%
- 5.37%
- Debtor Days
- 1
- Inventory Days
- 30
- Payable Days
- 19
- 12
- Debt to Equity (x)
- 1.28x
- Interest Coverage (x)
- 2.88x
- 0.60x
- Revenue Growth %
- 11.03%
- Operating Profit Growth %
- 17.77%
- Net Profit Growth %
- 26.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 6.94
- Book Value (₹)
- 55.95
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 18.62
- Operating Margin %
- 10.53%
- Net Margin %
- 2.12%
- ROE %
- 13.14%
- ROCE %
- 13.33%
- 4.53%
- Debtor Days
- 1
- Inventory Days
- 27
- Payable Days
- 16
- 12
- Debt to Equity (x)
- 1.32x
- Interest Coverage (x)
- 2.48x
- 0.52x
- Revenue Growth %
- 11.51%
- Operating Profit Growth %
- 24.85%
- Net Profit Growth %
- -2.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.69
- Book Value (₹)
- 47.39
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 25.89
- Operating Margin %
- 14.55%
- Net Margin %
- 4.93%
- ROE %
- 28.41%
- ROCE %
- 22.58%
- 9.38%
- Debtor Days
- 1
- Inventory Days
- 31
- Payable Days
- 14
- 18
- Debt to Equity (x)
- 1.39x
- Interest Coverage (x)
- 4.73x
- 0.54x
- Revenue Growth %
- 4.58%
- Operating Profit Growth %
- 44.56%
- Net Profit Growth %
- 143.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 11.52
- Book Value (₹)
- 51.44
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 25.46
- Operating Margin %
- 11.48%
- Net Margin %
- 3.90%
- ROE %
- 23.31%
- ROCE %
- 15.99%
- 7.07%
- Debtor Days
- 0
- Inventory Days
- 34
- Payable Days
- 12
- 22
- Debt to Equity (x)
- 1.54x
- Interest Coverage (x)
- 3.94x
- 0.55x
- Revenue Growth %
- 14.76%
- Operating Profit Growth %
- -9.48%
- Net Profit Growth %
- -9.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 7.45
- Book Value (₹)
- 64.68
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 23.68
- Operating Margin %
- 9.82%
- Net Margin %
- 2.29%
- ROE %
- 13.01%
- ROCE %
- 12.29%
- 4.13%
- Debtor Days
- 0
- Inventory Days
- 30
- Payable Days
- 12
- 19
- Debt to Equity (x)
- 1.00x
- Interest Coverage (x)
- 2.78x
- 0.62x
- Revenue Growth %
- 13.76%
- Operating Profit Growth %
- -2.62%
- Net Profit Growth %
- -33.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- 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 %
- 17.74%
- ROCE %
- 15.21%
- 5.67%
- Debtor Days
- 0
- Inventory Days
- 46
- Payable Days
- 12
- 35
- Debt to Equity (x)
- 1.44x
- Interest Coverage (x)
- 3.32x
- 0.86x
- Revenue Growth %
- 10.26%
- Operating Profit Growth %
- 29.43%
- Net Profit Growth %
- 61.15%
- 61.11%
- P/E (x)
- 84.03x
- P/B (x)
- 14.28x
- Dividend Yield %
- 0.60%
- 26.78x
- EPS (₹)
- 12.81
- Book Value (₹)
- 77.39
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 33.70
- Operating Margin %
- 11.70%
- Net Margin %
- 3.29%
- ROE %
- 17.32%
- ROCE %
- 14.82%
- 5.29%
- Debtor Days
- 1
- Inventory Days
- 51
- Payable Days
- 13
- 39
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 3.13x
- 0.64x
- Revenue Growth %
- 8.47%
- Operating Profit Growth %
- 12.11%
- Net Profit Growth %
- 6.80%
- 6.80%
- P/E (x)
- 75.30x
- P/B (x)
- 12.47x
- Dividend Yield %
- 0.62%
- 22.77x
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

