Hatsun Agro Product Limited HATSUN NSE

Consumer Defensive · Packaged Foods · India

https://www.hap.in

Hatsun Agro Product Limited engages in the manufacture and marketing of milk, milk products, and cattle feed in India and internationally. The company offers ice cream; kulfi flavours; and topping and fermented dairy products, such as yoghurt and dairy-based spreads. It also provides dairy whitener, skimmed milk powder, ghee, paneer, curd, cooking and table butter, lassi, buttermilk, yoghurt shakes, cheese spread, juice, and cocoa-based confectionery. The company distributes its products through stores under the Arun Icecreams, Arokya, Hatsun, HAP daily, Ibaco, Hanobar, Havia Chocolates, Milky Moo, Daily Moo, Imiyo, and Santosa brand names. Hatsun Agro Product Limited was founded in 1970 and is headquartered in Chennai, India.

Market & Price

Market Cap

₹20,028.41 Cr

Current Price

₹899.15

High / Low (52W)

₹1,134.41 / ₹853.19

Beta

-0.13

Valuation

Stock P/E

56.20

Industry PE

23.47

Forward P/E

39.61

PEG Ratio

Book Value

₹82.15

Price to Book

10.95

P/S

2.01

EV/EBITDA

18.57

Dividend Yield

2.18%

Profitability & Returns

ROCE

20.20%

ROE

19.42%

ROA

8.13%

Profit Margin

3.58%

Op Margin

3.47%

EPS (Latest Qtr)

₹2.28

EPS (TTM)

₹16.00

Balance Sheet & Liquidity

Debt/Equity

0.95

Quick Ratio

0.04

Current Ratio

0.52

Debt

₹1,838.25 Cr

Total Assets

₹4,442.51 Cr

Current Assets

₹722.20 Cr

Working Capital

₹-667.51 Cr

Ownership

Promoter Holding

76.51%

Chg in Prom Hold

FII / Inst Holding

10.54%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹21,856.25 Cr

Total Revenue (TTM)

₹9,959.22 Cr

EBITDA

₹1,176.62 Cr

Free Cash Flow

₹929.11 Cr

Operating Cash Flow

₹1,556.54 Cr

Shares Outstanding

₹22.27 Cr

Gross Margin

30.22%

Payout Ratio

37.52%

Growth (CAGR)

Revenue 5Y

11.27%

Profit 5Y

29.02%

Revenue (YoY)

16.60%

Earnings (YoY)

2.60%

PROS

Healthy ROCE of 20.2%.
Compounding revenue at 11.3% over 5 years.
Profit CAGR of 29.0% over 5 years.
Generates positive free cash flow.

CONS

Trading at a high P/E of 56.2.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HATSUN Hatsun Agro Product Limited NSE	899.15	56.20	₹20,028.41 Cr	2.18%	20.20%	19.42%	11.27%	29.02%
2	HINDUNILVR Hindustan Unilever Limited NIFTY50NSE	2,153.50	47.62	₹5.06 L Cr	2.04%	22.15%	21.60%	2.31%	14.12%
3	ITC ITC Limited NIFTY50NSE	286.90	17.39	₹3.59 L Cr	5.58%	36.47%	29.34%	3.65%	2.54%
4	NESTLEIND Nestlé India Limited NIFTY50NSE	1,421.50	78.10	₹2.74 L Cr	0.84%	59.30%	76.34%	17.01%	23.05%
5	DMART Avenue Supermarts Limited NSE	4,054.50	88.49	₹2.64 L Cr	-	16.41%	12.94%	17.21%	7.69%
6	VBL Varun Beverages Limited NSE	528.00	56.17	₹1.79 L Cr	0.38%	19.44%	-	17.26%	26.57%
7	TATACONSUM Tata Consumer Products Limited NIFTY50NSE	1,178.40	75.78	₹1.17 L Cr	0.85%	8.29%	6.94%	13.87%	8.61%
8	MARICO Marico Limited NIFTY_MIDNSE	821.70	60.60	₹1.06 L Cr	0.49%	39.00%	41.39%	12.00%	10.61%
9	GODREJCP Godrej Consumer Products Limited NSE	1,029.30	56.49	₹1.05 L Cr	1.94%	21.44%	15.10%	4.59%	3.02%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	2,009.75 Cr	2,242.85 Cr	2,590.28 Cr	2,363.72 Cr	2,577.63 Cr
Cost of Revenue	1,404.01 Cr	1,563.21 Cr	1,753.47 Cr	1,671.39 Cr	1,859.78 Cr
Gross Profit	605.74 Cr	679.64 Cr	836.81 Cr	692.33 Cr	717.85 Cr
Operating Expenses	508.87 Cr	581.73 Cr	613.11 Cr	583.25 Cr	628.39 Cr
Operating Income	96.87 Cr	97.91 Cr	223.70 Cr	109.08 Cr	89.46 Cr
EBITDA	216.46 Cr	232.97 Cr	364.75 Cr	258.49 Cr	237.87 Cr
Interest Expense	43.45 Cr	47.88 Cr	43.38 Cr	33.12 Cr	32.27 Cr
Pretax Income	55.67 Cr	58.55 Cr	184.24 Cr	78.92 Cr	59.77 Cr
Tax Provision	14.73 Cr	15.54 Cr	49.05 Cr	18.34 Cr	8.88 Cr
Net Income	40.94 Cr	43.01 Cr	135.19 Cr	60.58 Cr	50.89 Cr
Diluted EPS	1.84	1.93	6.07	2.72	2.28

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	7,228.27 Cr	7,974.93 Cr	8,699.76 Cr	9,959.22 Cr
Cost of Revenue	-	5,206.64 Cr	5,644.00 Cr	6,031.56 Cr	6,949.86 Cr
Gross Profit	-	2,021.63 Cr	2,330.93 Cr	2,668.20 Cr	3,009.36 Cr
Operating Expenses	-	1,680.39 Cr	1,840.29 Cr	2,128.57 Cr	2,406.32 Cr
Operating Income	-	341.24 Cr	490.64 Cr	539.63 Cr	603.04 Cr
EBITDA	-	710.98 Cr	920.34 Cr	1,029.67 Cr	1,190.34 Cr
Interest Expense	-	124.89 Cr	152.98 Cr	181.89 Cr	146.30 Cr
Pretax Income	-	224.56 Cr	357.87 Cr	377.30 Cr	470.46 Cr
Tax Provision	-	58.70 Cr	90.60 Cr	98.49 Cr	114.26 Cr
Net Income	-	165.86 Cr	267.27 Cr	278.81 Cr	356.20 Cr
Diluted EPS	9.88	7.54	12.00	12.51	-

Compounded Sales Growth

5 Years:	11.27%
1 Year:	16.60%

Compounded Profit Growth

5 Years:	29.02%
1 Year:	2.60%

Stock Price Performance

1 Year:	-4.56%
6 Months:	-13.14%
3 Months:	+0.73%
1 Month:	-6.27%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3,705.93 Cr	4,734.60 Cr	4,864.90 Cr	4,442.51 Cr
Current Assets	-	715.08 Cr	1,590.50 Cr	1,135.57 Cr	722.20 Cr
Cash & Equivalents	-	37.11 Cr	50.73 Cr	57.73 Cr	49.38 Cr
Inventory	-	576.25 Cr	1,452.32 Cr	996.31 Cr	591.47 Cr
Receivables	-	7.80 Cr	10.06 Cr	8.16 Cr	4.77 Cr
Total Liabilities	-	2,265.26 Cr	3,162.35 Cr	3,147.34 Cr	2,497.99 Cr
Current Liabilities	-	1,148.34 Cr	1,840.59 Cr	1,801.83 Cr	1,389.71 Cr
Long Term Debt	-	780.39 Cr	955.54 Cr	934.44 Cr	675.14 Cr
Total Debt	-	1,792.87 Cr	2,698.30 Cr	2,570.45 Cr	1,838.25 Cr
Total Equity	-	1,440.68 Cr	1,572.25 Cr	1,717.56 Cr	1,944.52 Cr
Shares Outstanding	-	22.29 Cr	22.27 Cr	22.27 Cr	22.27 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	741.17 Cr	-71.45 Cr	1,450.20 Cr	1,556.54 Cr
Investing Cash Flow	-	-440.80 Cr	-388.45 Cr	-882.30 Cr	-434.67 Cr
Financing Cash Flow	-	-300.36 Cr	473.52 Cr	-564.15 Cr	-1,130.22 Cr
Capital Expenditure	-	-471.17 Cr	-535.27 Cr	-657.69 Cr	-438.56 Cr
Free Cash Flow	-	270.00 Cr	-606.72 Cr	792.51 Cr	1,117.98 Cr
Net Change in Cash	-	6,000	13.62 Cr	3.75 Cr	-8.35 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	28.0%	29.2%	30.7%	30.2%
Operating Margin %	-	4.7%	6.2%	6.2%	6.1%
Net Margin %	-	2.3%	3.4%	3.2%	3.6%
ROE %	-	11.5%	17.0%	16.2%	18.3%
ROCE %	-	13.3%	17.0%	17.6%	19.8%

Shareholding Pattern

Insiders

76.51%

Institutions

10.54%

Public Float

44.87%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for HATSUN

No recent headlines available.

HATSUN · Consumer Defensive