Huhtamaki India Ltd.

•

₹ 273.85-0.27%

2026-08-21

flexibles.huhtamaki.inBSE: 509820NSE: HUHTAMAKI

Market Cap₹ 2,025 Cr.

Current Price₹ 275

High / Low₹ 330 / 149

Stock P/E0.0

Book Value₹ 179

Price to Book1.24

Dividend Yield0.75 %

ROCE13.1 %

ROE9.5 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.1%
Latest quarter profit grew 75.3% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.06x)

CONS

Recurring exceptional / one-off items are inflating headline profit
Though reporting repeated profits, the company pays out little dividend (12.8%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsFMCGPackaging

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

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.	EPL	250.45	20.70	8022.27	0.00	100.60	-0.79	1387.90	25.27	18.08	19.01
2.	AGI	705.60	12.61	4565.05	0.99	99.35	11.82	785.27	14.19	19.16	22.26
3.	UFLEX	621.85	6.58	4490.47	0.48	423.08	629.70	5366.03	39.82	7.04	16.58
4.	TCPLPACK	4087.50	32.21	3719.62	0.61	40.01	79.28	492.97	17.86	17.47	17.43
5.	KNACK	199.95	26.39	2446.69	0.00	305.28	—	2624.59	—	31.77	20.35
6.	MOLDTKPAC	670.00	34.98	2226.34	0.00	17.32	-4.05	177.92	10.48	12.43	17.86
7.	HUHTAMAKI	268.20	23.95	2025.50	0.75	43.73	75.34	750.02	26.71	13.07	10.02
8.	ORICONENT	56.37	30.60	885.28	0.35	15.49	25.84	7.19	-80.51	0.76	-207.77
9.	PYRAMID	161.20	0.00	592.97	0.31	10.45	32.05	222.49	35.82	14.23	9.11

Detailed Comparison with:

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
	606	644	585	594	621	635	601	593	592	605	599	594	750
	582	617	546	569	607	634	593	571	570	569	568	573	693
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	3	4	8	6	13	6	11	7	9	8	22	1
Interest	10	8	6	5	5	5	3	3	3	3	8	4	3
Depreciation	12	11	11	10	12	12	14	13	13	13	14	24	14
	18	30	416	35	51	16	15	35	33	49	41	35	59
Tax %	21.71%	-6.15%	21.30%	25.80%	24.16%	26.12%	22.53%	24.68%	25.33%	25.22%	26.06%	26.94%	25.62%
Net Profit	14	32	327	26	39	12	12	26	25	37	30	26	44
	2	4	43	3	5	2	2	3	3	5	4	3	1
Equity Capital	15	15	15	15	15	15	15	15	15	15	15	15	15
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	15	15	15	15	15	15	15	15	15	15	15	15	15
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%

Jun 2023

: 606
: 582
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 10
Depreciation: 12
: 18
Tax %: 21.71%
Net Profit: 14
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 644
: 617
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 8
Depreciation: 11
: 30
Tax %: -6.15%
Net Profit: 32
: 4
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 585
: 546
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 6
Depreciation: 11
: 416
Tax %: 21.30%
Net Profit: 327
: 43
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 594
: 569
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 5
Depreciation: 10
: 35
Tax %: 25.80%
Net Profit: 26
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 621
: 607
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 5
Depreciation: 12
: 51
Tax %: 24.16%
Net Profit: 39
: 5
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 635
: 634
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 5
Depreciation: 12
: 16
Tax %: 26.12%
Net Profit: 12
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 601
: 593
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 3
Depreciation: 14
: 15
Tax %: 22.53%
Net Profit: 12
: 2
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 593
: 571
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 3
Depreciation: 13
: 35
Tax %: 24.68%
Net Profit: 26
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 592
: 570
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 3
Depreciation: 13
: 33
Tax %: 25.33%
Net Profit: 25
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 605
: 569
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 3
Depreciation: 13
: 49
Tax %: 25.22%
Net Profit: 37
: 5
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 599
: 568
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 8
Depreciation: 14
: 41
Tax %: 26.06%
Net Profit: 30
: 4
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 594
: 573
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 4
Depreciation: 24
: 35
Tax %: 26.94%
Net Profit: 26
: 3
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 750
: 693
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 14
: 59
Tax %: 25.62%
Net Profit: 44
: 1
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 15
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025	TTM
	2,549	2,521	2,469	2,548
	2,356	2,409	2,278	2,403
Operating Profit	211	152	227	—
OPM %	8	6	9	—
Other Income	18	39	35	41
Interest	31	18	17	17
Depreciation	49	47	52	64
	500	117	158	184
Tax %	18	25	25	26
Net Profit	410	88	118	136
EPS	54	12	16	—
Dividend Payout %	9	17	13	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	54	12	16	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	54	12	16	—

Dec 2023

: 2,549
: 2,356
Operating Profit: 211
OPM %: 8
Other Income: 18
Interest: 31
Depreciation: 49
: 500
Tax %: 18
Net Profit: 410
EPS: 54
Dividend Payout %: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 54
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 54

Dec 2024

: 2,521
: 2,409
Operating Profit: 152
OPM %: 6
Other Income: 39
Interest: 18
Depreciation: 47
: 117
Tax %: 25
Net Profit: 88
EPS: 12
Dividend Payout %: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

Dec 2025

: 2,469
: 2,278
Operating Profit: 227
OPM %: 9
Other Income: 35
Interest: 17
Depreciation: 52
: 158
Tax %: 25
Net Profit: 118
EPS: 16
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

TTM

: 2,548
: 2,403
Operating Profit: —
OPM %: —
Other Income: 41
Interest: 17
Depreciation: 64
: 184
Tax %: 26
Net Profit: 136
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:: —
5 Years:: 1%
3 Years:: 3%
1 Year:: 25%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 20%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025
LIABILITIES	-	-	-
Equity Capital	15	15	15
	1,131	1,174	1,274
Trade Payables	467	478	454
	984	893	863
Total Liabilities	2,597	2,560	2,607
ASSETS	-	-	-
	483	598	604
Capital Work in Progress	131	40	35
	80	151	194
	270	250	206
	551	570	554
Cash & Bank	312	176	299
	770	774	715
Total Assets	2,597	2,560	2,607
Total Debt	200	100	100
Net Working Capital	675	613	753
Contingent Liabilities	26	26	41
Book Value per Share	151.68	157.38	170.62
Face Value	2.00	2.00	2.00
Total Debt	200	100	100
Net Working Capital	675	613	753
Contingent Liabilities	26	26	41
Book Value per Share	151.68	157.38	170.62
Face Value	2.00	2.00	2.00

Dec 2023

Equity Capital: 15
: 1,131
Trade Payables: 467
: 984
Total Liabilities: 2,597
: 483
Capital Work in Progress: 131
: 80
: 270
: 551
Cash & Bank: 312
: 770
Total Assets: 2,597
Total Debt: 200
Net Working Capital: 675
Contingent Liabilities: 26
Book Value per Share: 151.68
Face Value: 2.00
Total Debt: 200
Net Working Capital: 675
Contingent Liabilities: 26
Book Value per Share: 151.68
Face Value: 2.00

Dec 2024

Equity Capital: 15
: 1,174
Trade Payables: 478
: 893
Total Liabilities: 2,560
: 598
Capital Work in Progress: 40
: 151
: 250
: 570
Cash & Bank: 176
: 774
Total Assets: 2,560
Total Debt: 100
Net Working Capital: 613
Contingent Liabilities: 26
Book Value per Share: 157.38
Face Value: 2.00
Total Debt: 100
Net Working Capital: 613
Contingent Liabilities: 26
Book Value per Share: 157.38
Face Value: 2.00

Dec 2025

Equity Capital: 15
: 1,274
Trade Payables: 454
: 863
Total Liabilities: 2,607
: 604
Capital Work in Progress: 35
: 194
: 206
: 554
Cash & Bank: 299
: 715
Total Assets: 2,607
Total Debt: 100
Net Working Capital: 753
Contingent Liabilities: 41
Book Value per Share: 170.62
Face Value: 2.00
Total Debt: 100
Net Working Capital: 753
Contingent Liabilities: 41
Book Value per Share: 170.62
Face Value: 2.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025
	274	142	238
Cash from Investing	40	-77	-156
Cash from Financing	-211	-161	-36
	102	-96	46
Free Cash Flow	274	98	208
OCF / Net Profit	0.67	1.62	2.01
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.67	1.62	2.01
Cumulative 5-Year FCF	0	0	0

Dec 2023

: 274
Cash from Investing: 40
Cash from Financing: -211
: 102
Free Cash Flow: 274
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0

Dec 2024

: 142
Cash from Investing: -77
Cash from Financing: -161
: -96
Free Cash Flow: 98
OCF / Net Profit: 1.62
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.62
Cumulative 5-Year FCF: 0

Dec 2025

: 238
Cash from Investing: -156
Cash from Financing: -36
: 46
Free Cash Flow: 208
OCF / Net Profit: 2.01
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.01
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2023	Dec 2024	Dec 2025
PER SHARE	-	-	-
EPS (₹)	54.22	11.64	15.64
Book Value (₹)	151.68	157.38	170.62
Dividend per Share (₹)	5.00	2.00	2.00
Cash EPS (₹)	60.73	17.93	22.55
PROFITABILITY	-	-	-
Operating Margin %	7.48%	4.43%	7.70%
Net Margin %	15.87%	3.47%	4.75%
ROE %	43.20%	7.54%	9.54%
ROCE %	43.00%	10.21%	13.07%
	16.87%	3.41%	4.57%
EFFICIENCY	-	-	-
Debtor Days	86	81	82
Inventory Days	40	37	33
Payable Days	99	99	104
	26	19	12
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.17x	0.08x	0.08x
Interest Coverage (x)	17.04x	7.43x	10.14x
	1.85x	1.86x	1.97x
GROWTH	-	-	-
Revenue Growth %	-14.53%	-1.11%	-2.05%
Operating Profit Growth %	20.53%	-28.09%	49.58%
Net Profit Growth %	725.20%	-78.52%	34.32%
	725.20%	-78.52%	34.32%
VALUATION	-	-	-
P/E (x)	5.29x	23.39x	13.53x
P/B (x)	1.89x	1.73x	1.24x
Dividend Yield %	1.74%	0.73%	0.94%
	9.74x	13.07x	6.17x

Dec 2023

EPS (₹): 54.22
Book Value (₹): 151.68
Dividend per Share (₹): 5.00
Cash EPS (₹): 60.73
Operating Margin %: 7.48%
Net Margin %: 15.87%
ROE %: 43.20%
ROCE %: 43.00%
: 16.87%
Debtor Days: 86
Inventory Days: 40
Payable Days: 99
: 26
Debt to Equity (x): 0.17x
Interest Coverage (x): 17.04x
: 1.85x
Revenue Growth %: -14.53%
Operating Profit Growth %: 20.53%
Net Profit Growth %: 725.20%
: 725.20%
P/E (x): 5.29x
P/B (x): 1.89x
Dividend Yield %: 1.74%
: 9.74x

Dec 2024

EPS (₹): 11.64
Book Value (₹): 157.38
Dividend per Share (₹): 2.00
Cash EPS (₹): 17.93
Operating Margin %: 4.43%
Net Margin %: 3.47%
ROE %: 7.54%
ROCE %: 10.21%
: 3.41%
Debtor Days: 81
Inventory Days: 37
Payable Days: 99
: 19
Debt to Equity (x): 0.08x
Interest Coverage (x): 7.43x
: 1.86x
Revenue Growth %: -1.11%
Operating Profit Growth %: -28.09%
Net Profit Growth %: -78.52%
: -78.52%
P/E (x): 23.39x
P/B (x): 1.73x
Dividend Yield %: 0.73%
: 13.07x

Dec 2025

EPS (₹): 15.64
Book Value (₹): 170.62
Dividend per Share (₹): 2.00
Cash EPS (₹): 22.55
Operating Margin %: 7.70%
Net Margin %: 4.75%
ROE %: 9.54%
ROCE %: 13.07%
: 4.57%
Debtor Days: 82
Inventory Days: 33
Payable Days: 104
: 12
Debt to Equity (x): 0.08x
Interest Coverage (x): 10.14x
: 1.97x
Revenue Growth %: -2.05%
Operating Profit Growth %: 49.58%
Net Profit Growth %: 34.32%
: 34.32%
P/E (x): 13.53x
P/B (x): 1.24x
Dividend Yield %: 0.94%
: 6.17x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.73	67.73	67.73	67.73	67.73	67.73	67.73	67.73	67.73
	1.39	1.40	1.19	1.16	1.10	0.90	1.12	1.34	0.66
	1.04	1.40	1.28	1.07	0.62	0.38	1.11	1.13	1.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	29.82	29.47	29.80	30.03	30.54	30.99	30.04	29.79	30.58

Jun 2024

: 67.73
: 1.39
: 1.04
Government: 0.00
: 29.82

Sep 2024

: 67.73
: 1.40
: 1.40
Government: 0.00
: 29.47

Dec 2024

: 67.73
: 1.19
: 1.28
Government: 0.00
: 29.80

Mar 2025

: 67.73
: 1.16
: 1.07
Government: 0.00
: 30.03

Jun 2025

: 67.73
: 1.10
: 0.62
Government: 0.00
: 30.54

Sep 2025

: 67.73
: 0.90
: 0.38
Government: 0.00
: 30.99

Dec 2025

: 67.73
: 1.12
: 1.11
Government: 0.00
: 30.04

Mar 2026

: 67.73
: 1.34
: 1.13
Government: 0.00
: 29.79

Jun 2026

: 67.73
: 0.66
: 1.02
Government: 0.00
: 30.58

Documents

Announcements

Appointment
2026-08-19 - Huhtamaki India Limited has informed the Exchange regarding Appointment of Ms Akanksha Kandoi as Company Secretary & Compliance Officer of the company w.e.f. August 24, 2026.
Change in Company Secretary/Compliance Officer
2026-08-19 - Huhtamaki India Limited has informed the Exchange about appointment of Ms. Akanksha Kandoi as Company Secretary and Compliance Officer w.e.f. August 24, 2026

Annual Reports

Credit Ratings

Credit Rating- Others
2026-08-12 - Huhtamaki India Limited has informed the Exchange about reaffirmation of Credit Rating

Concalls

Jul 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC