Food Products
Valuation | |
|---|---|
| Market Cap | 19.6 kCr |
| Price/Earnings (Trailing) | 54.21 |
| Price/Sales (Trailing) | 2.05 |
| EV/EBITDA | 17.77 |
| Price/Free Cashflow | 25.12 |
| MarketCap/EBT | 40.3 |
| Enterprise Value | 21.08 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 0.10% |
| Price Change 1M | -10% |
| Price Change 6M | -2.5% |
| Price Change 1Y | -6.6% |
| 3Y Cumulative Return | -0.50% |
| 5Y Cumulative Return | 5.2% |
| 7Y Cumulative Return | 8.5% |
| 10Y Cumulative Return | 15.4% |
| Revenue (TTM) |
| 9.54 kCr |
| Rev. Growth (Yr) | 17.6% |
| Earnings (TTM) | 361.51 Cr |
| Earnings Growth (Yr) | 64% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 5% |
| Return on Equity | 19.45% |
| Return on Assets | 8.14% |
| Free Cashflow Yield | 3.98% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -879.87 Cr |
| Cash Flow from Operations (TTM) | 1.45 kCr |
| Cash Flow from Financing (TTM) | -563.85 Cr |
| Cash & Equivalents | 40.96 Cr |
| Free Cash Flow (TTM) | 796.94 Cr |
| Free Cash Flow/Share (TTM) | 35.78 |
Balance Sheet | |
|---|---|
| Total Assets | 4.44 kCr |
| Total Liabilities | 2.58 kCr |
| Shareholder Equity | 1.86 kCr |
| Current Assets | 699.92 Cr |
| Current Liabilities | 1.25 kCr |
| Net PPE | 3.38 kCr |
| Inventory | 565.9 Cr |
| Goodwill | 70.46 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.34 |
| Debt/Equity | 0.82 |
| Interest Coverage | 2.01 |
| Interest/Cashflow Ops | 9.1 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 6 |
| Dividend Yield | 0.68% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 3.3% |
Technicals: Bullish SharesGuru indicator.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 34.5% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.5% return compared to 12.8% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 34.5% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is losing interest in the stock.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Past Returns: Underperforming stock! In past three years, the stock has provided -0.5% return compared to 12.8% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 0.68% |
| Dividend/Share (TTM) | 6 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 16.23 |
Financial Health | |
|---|---|
| Current Ratio | 0.56 |
| Debt/Equity | 0.82 |
Technical Indicators | |
|---|---|
| RSI (14d) | 35.2 |
| RSI (5d) | 23.41 |
| RSI (21d) | 30.33 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Hatsun Agro Products's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management at Hatsun Agro Product Limited, led by Chairman Mr. R G Chandramogan, expressed a positive outlook for the dairy sector in light of the recent GST reforms. The company plans to share the benefits of tax exemptions by passing on nearly half of the savings to farmers and consumers. This dual approach aims to boost demand by enhancing consumer spending and increasing rural pockets of farmers.
Mr. Chandramogan mentioned that GST on dairy products like ice cream has been reduced from 18% to 5%, while the tax on paneer has been removed entirely. He expects the prices of value-added products, particularly ice cream, could see a decrease of about 8% to 9%. The key numbers highlighted include the effort to reduce the GST impact on butter and skimmed milk powder (SMP) from INR 100 to INR 30 per unit, allowing for better margins and increased earnings for farmers.
Looking forward, management anticipates a top-line growth of around 20% in the next fiscal year due to the expected stimulative effects of the tax reforms. Mr. Chandramogan indicated that this growth would not only stem from established markets but also from new markets like Maharashtra and Telangana, where the initial capital expenditures are expected to yield results.
Lastly, the company is strategically positioned, having completed major capital expenditures (Capex) in recent years, thus setting the stage for improved capacity utilization and productivity in response to the anticipated demand surge. This strategic positioning allows Hatsun to remain competitive in a rapidly evolving dairy sector and to capitalize on the improving economic conditions driven by the new GST structure.
Understand Hatsun Agro Products ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| CHANDRAMOGAN R G | 54.88% |
| SATHYAN C | 9.8% |
| SBI FOCUSED EQUITY FUND- VARIOUS SCHEMES | 9.47% |
| DEVIGA SURESH | 4.43% |
| MALABAR INDIA FUND LIMITED | 1.56% |
| LALITHA C | 1.15% |
| DOLLY SATHYAN | 1.1% |
Detailed comparison of Hatsun Agro Products against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| DODLA | Dodla Dairy | 7.15 kCr | 4.03 kCr | -5.20% | +8.60% | 26.96 | 1.78 | - | - |
| VADILALIND | Vadilal Industries | 3.15 kCr | 1.35 kCr |
Comprehensive comparison against sector averages
HATSUN metrics compared to Food
| Category | HATSUN | Food |
|---|---|---|
| PE | 54.21 | 33.74 |
| PS | 2.05 | 1.58 |
| Growth | 12 % | 11.2 % |
Hatsun Agro Product Limited engages in manufacturing and marketing of milk, milk products, and cattle feed in India and internationally. The company offers ice cream, kulfi flavours, premium desserts, chocolates, and fermented dairy products, such as yoghurt and dairy based spreads. It also provides dairy whitener, skimmed milk powder, ghee, paneer, and other prodcuts. It distributes its products through its distribution networks in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Maharashtra under Arun Icecreams, Arokya, Hatsun, HAP daily, Ibaco, Dairy Ingredients, and Santosa brand names. Hatsun Agro Product Limited was incorporated in 1986 and is based in Chennai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
HATSUN vs Food (2021 - 2026)
How are you viewing this notification now that it is official regarding the rate cut for the entire dairy space, including premium products like Paneer?
Answer: I'm excited about the GST rate cuts as they offer two major benefits. First, they will enhance consumer spending capacity. We plan to pass on half the tax exemption to both farmers and consumers, which should stimulate demand and help improve rural spending. This, in turn, will significantly boost farmers' financial situations, leading to better economic health in the dairy sector.
What changes do you anticipate regarding the prices of milk and related products post-GST reduction?
Answer: Milk will remain tax-free, so its price won't change significantly. Curd will still carry a 5% tax, but for ice cream, which was previously taxed at 18%, the rate is now reduced to 5%. For Paneer, while input tax credits are curtailed, we expect an overall price decrease of about 8-9% for consumers, benefiting both the consumer and the farmer.
What is your assessment of how value-added products are performing in the current dairy market?
Answer: Value addition is often more about branding than the product itself. If we can successfully market our brands to consumers, they will continue choosing us, despite price changes. Our four brands are among market leaders in their categories, and I believe that brand loyalty will help maintain sales, especially in an increasingly competitive market.
You mentioned a growth expectation of 20%. What factors support this projection?
Answer: Our growth expectation is supported by the recent GST reforms, which will stimulate demand and improve affordability. We've laid the groundwork with previous capital expenditures in new markets. Now that we're set to leverage those investments, we anticipate achieving better demand capture, resulting in equal growth in both existing and new markets next year.
What can you tell us about capacity utilization post-demand boost and your current Capex situation?
Answer: With most of our Capex already completed, we're optimistic about higher capacity utilization as demand increases. In new markets like Maharashtra and Telangana, we're expecting our prior investments to blossom. This will allow us to better scale our operations and meet the anticipated heightened demand effectively.
Lastly, how does the recent price increase by dairy cooperatives impact your pricing strategy now that GST cuts are in effect?
Answer: The recent price hikes from dairy cooperatives complicate the landscape, but our expectation for the GST to stimulate demand may lessen the pressure to raise consumer prices further. We hope there will be some retraction in cooperative prices due to the efficiencies and enhanced financial conditions that the GST reforms should bring about.
| VIVIN SRINESH | 0.9% |
| VISMITA SATHYAN | 0.9% |
Distribution across major stakeholders
Distribution across major institutional holders
| -11.20% |
| +15.70% |
| 23.44 |
| 2.34 |
| - |
| - |
| PARAGMILK | Parag Milk Foods | 3.02 kCr | 3.71 kCr | -12.80% | +52.90% | 22.26 | 0.82 | - | - |
| 2,288 |
| 2,284 |
| 2,410 |
| 2,193 |
| - |
| - |
| Profit Before exceptional items and Tax | -46.9% | 79 | 148 | 184 | 59 | - | - |
| Total profit before tax | -46.9% | 79 | 148 | 184 | 59 | - | - |
| Current tax | -48.8% | 23 | 44 | 55 | 13 | - | - |
| Deferred tax | 20% | -5.01 | -6.51 | -6.39 | 2.36 | - | - |
| Total tax | -54.1% | 18 | 38 | 49 | 16 | - | - |
| Total profit (loss) for period | -45% | 61 | 110 | 135 | 43 | - | - |
| Other comp. income net of taxes | 578.9% | 4.64 | 0.24 | 0.15 | 0.25 | - | - |
| Total Comprehensive Income | -41.3% | 65 | 110 | 135 | 43 | - | - |
| Earnings Per Share, Basic | -56.1% | 2.72 | 4.92 | 6.07 | 1.93 | - | - |
| Earnings Per Share, Diluted | -56.1% | 2.72 | 4.92 | 6.07 | 1.93 | - | - |
| 7.6% |
| 243 |
| 226 |
| 224 |
| 210 |
| 188 |
| 168 |
| Finance costs | 18.3% | 182 | 154 | 126 | 107 | 110 | 106 |
| Depreciation and Amortization | 13.7% | 465 | 409 | 362 | 311 | 310 | 296 |
| Other expenses | 12.5% | 1,402 | 1,246 | 1,139 | 1,031 | 798 | 830 |
| Total Expenses | 8.4% | 8,301 | 7,655 | 7,033 | 6,066 | 5,211 | 5,161 |
| Profit Before exceptional items and Tax | 7.8% | 386 | 358 | 225 | 314 | 364 | 156 |
| Total profit before tax | 7.8% | 386 | 358 | 225 | 314 | 364 | 156 |
| Current tax | -16.5% | 107 | 128 | 65 | 90 | 128 | 53 |
| Deferred tax | 79.9% | -6.78 | -37.8 | -6.38 | -24.86 | -10.06 | -8.68 |
| Total tax | 11.1% | 101 | 91 | 59 | 65 | 118 | 44 |
| Total profit (loss) for period | 6.8% | 285 | 267 | 166 | 218 | 246 | 112 |
| Other comp. income net of taxes | 72.9% | 0.17 | -2.06 | -1.4 | -1.32 | 0.01 | -1.64 |
| Total Comprehensive Income | 8% | 286 | 265 | 164 | 217 | 246 | 111 |
| Earnings Per Share, Basic | 7.4% | 12.81 | 12 | 7.54 | 10.05 | 11.43 | 5.2425131 |
| Earnings Per Share, Diluted | 7.4% | 12.81 | 12 | 7.54 | 10.05 | 11.43 | 5.205013 |
| 0% |
| 7.74 |
| 7.74 |
| 7.74 |
| 7.74 |
| 7.74 |
| 7.74 |
| Non-current investments | 0.4% | 268 | 267 | 33 | 30 | 23 | 21 |
| Total non-current financial assets | 1.8% | 341 | 335 | 103 | 95 | 93 | 91 |
| Total non-current assets | 0.4% | 3,708 | 3,695 | 3,224 | 3,144 | 2,940 | 2,991 |
| Total assets | -8.1% | 4,442 | 4,832 | 4,453 | 4,735 | 3,911 | 3,751 |
| Borrowings, non-current | -1.5% | 920 | 934 | 836 | 956 | 754 | 780 |
| Total non-current financial liabilities | -0.2% | 1,290 | 1,293 | 851 | 1,283 | 1,053 | 1,042 |
| Provisions, non-current | 27.3% | 29 | 23 | 26 | 20 | 18 | 14 |
| Total non-current liabilities | 0.2% | 1,330 | 1,328 | 1,216 | 1,322 | 1,106 | 1,117 |
| Borrowings, current | -48% | 605 | 1,162 | 1,054 | 1,316 | 829 | 668 |
| Total current financial liabilities | -31.9% | 1,170 | 1,717 | 1,430 | 1,794 | 1,288 | 1,108 |
| Provisions, current | -16.7% | 16 | 19 | 12 | 15 | 10 | 12 |
| Current tax liabilities | - | 25 | 0 | 19 | 0 | 13 | 0 |
| Total current liabilities | -29.6% | 1,252 | 1,779 | 1,604 | 1,841 | 1,340 | 1,193 |
| Total liabilities | -16.9% | 2,582 | 3,107 | 2,820 | 3,162 | 2,446 | 2,310 |
| Equity share capital | 0% | 22 | 22 | 22 | 22 | 22 | 22 |
| Total equity | 7.8% | 1,859 | 1,724 | 1,633 | 1,572 | 1,465 | 1,441 |
| Total equity and liabilities | -8.1% | 4,442 | 4,832 | 4,453 | 4,735 | 3,911 | 3,751 |
| 2090.1% |
| 1,443 |
| -71.46 |
| 741 |
| 576 |
| - |
| - |
| Proceeds from sales of PPE | -92.6% | 12 | 150 | 37 | 23 | - | - |
| Purchase of property, plant and equipment | 22.1% | 653 | 535 | 471 | 588 | - | - |
| Proceeds from sales of long-term assets | -44.5% | 540 | 973 | 0 | 0 | - | - |
| Purchase of other long-term assets | -45% | 540 | 981 | 0 | 0 | - | - |
| Interest received | 31.2% | 3.9 | 3.21 | 1.96 | 1.84 | - | - |
| Other inflows (outflows) of cash | -979.5% | -9.29 | 2.17 | -6.43 | 1.37 | - | - |
| Net Cashflows From Investing Activities | -126.2% | -879.87 | -388.45 | -440.8 | -565.12 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 297 | 0 | - | - |
| Proceeds from borrowings | -88.7% | 526 | 4,652 | 3,032 | 4,236 | - | - |
| Repayments of borrowings | -81.7% | 701 | 3,828 | 3,292 | 3,944 | - | - |
| Payments of lease liabilities | 11.3% | 109 | 98 | 80 | 63 | - | - |
| Dividends paid | 0% | 134 | 134 | 129 | 129 | - | - |
| Interest paid | 23.9% | 146 | 118 | 128 | 108 | - | - |
| Net Cashflows from Financing Activities | -219.4% | -563.85 | 474 | -300.36 | -8.22 | - | - |
| Net change in cash and cash eq. | -112.8% | -0.67 | 14 | 0 | 3.04 | - | - |