Hatsun Agro Product Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 16.7%)
Concerns
- Premium to sector peers (P/E 64x vs industry 37.5x)
- High premium to book value (P/B 11.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever Limited | ₹1,816 | ₹4.3L Cr | 38.7 | 8.77 | 31 | 28.4 | 0.04 |
| ITC ITC Limited | ₹260 | ₹3.2L Cr | 16.4 | 4.48 | 29.3 | 38.9 | 0.01 |
| NESTLEIND Nestle India Limited | ₹1,168 | ₹2.3L Cr | 57 | 38.93 | 74.2 | 85.3 | 0.08 |
| VBL Varun Beverages Limited | ₹405 | ₹1.3L Cr | 39.5 | 6.99 | 16.2 | 19.7 | 0.13 |
| BRITANNIA Britannia Industries Limited | ₹4,567 | ₹1.1L Cr | 42 | 21.54 | 53.5 | 56 | 0.59 |
| MARICO Marico Limited | ₹770 | ₹100K Cr | 52.8 | 23.75 | 42.8 | 47 | 0.14 |
| TATACONSUM TATA CONSUMER PRODUCTS LIMITED | ₹1,000 | ₹95K Cr | 57.8 | 4.55 | 7.35 | 9.24 | 0.13 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
HATSUN · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 73.11% | 73.15% | 73.17% | 73.17% | 73.17% | 73.17% |
| FII | 2.90% | 2.86% | 2.82% | 3.29% | 3.38% | 3.40% |
| DII | 9.70% | 9.81% | 9.82% | 10.17% | 9.99% | 10.08% |
| Public | 14.28% | 14.18% | 14.20% | 13.38% | 13.45% | 13.35% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026 and other business matters
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
Interim Dividend - Rs 10 Per Share
Interim Dividend - Rs 6 Per Share
Annual General Meeting
Interim Dividend - Rs 6 Per Share
Annual General Meeting
Interim Dividend - Rs 6 Per Share
Latest News
All newsHatsun partners with Odisha, SBI to launch 'Go-Dhan' for dairy farmers
*Hatsun partners with Odisha, SBI to launch 'Go-Dhan' for dairy farmers*. Hatsun Agro has partnered with the Government of Odisha and State Bank of India to launch 'Go-Dhan', a new initiative aimed at empowering dairy farmers. The program focuses on improving rural livelihoods and enhancing milk procurement infrastructure. Financial details and scale of investment were not disclosed. 📊 *STOCKS:* $HAPMILK | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #Dairy
Hatsun plans ₹1000 crore capex for production expansion
*Hatsun plans ₹1000 crore capex for production expansion* — The company announced a **₹1,000 crore** capital expenditure plan for FY27 to scale up manufacturing capacity. This move aims to meet rising demand and strengthen its position in the dairy sector. The investment underscores aggressive growth plans amid increasing competition. 📊 *STOCKS:* HAPL | 🏢 *SECTOR:* FMCG | #MEDIUMIMPACT #Capex
Hatsun to hold shareholder meeting on Sept 25, 2026
*Hatsun to hold shareholder meeting on Sept 25, 2026*. The company has scheduled a meeting of shareholders for **September 25, 2026**, as per a corporate filing. No specific agenda details were disclosed. This is a routine corporate event with no immediate financial implications. 📊 *STOCKS:* $HAPL | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ShareholderMeeting
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.4K Cr 2.6% | ₹2.4K Cr 6.3% | ₹2.6K Cr 15.5% | ₹2.2K Cr 11.6% | ₹2.0K Cr 3.0% | ₹2.1K Cr 12.8% | ₹2.4K Cr 16.0% | ₹2.0K Cr |
| Op. Profit | ₹256 Cr 21.2% | ₹325 Cr 10.0% | ₹361 Cr 61.2% | ₹224 Cr 4.7% | ₹214 Cr 11.2% | ₹241 Cr 27.0% | ₹330 Cr 43.5% | ₹230 Cr |
| OPM | 11.0% 15.4% | 13.0% 7.1% | 14.0% 40.0% | 10.0% 9.1% | 11.0% 8.3% | 12.0% 14.3% | 14.0% 27.3% | 11.0% |
| Net Profit | ₹61 Cr 44.5% | ₹110 Cr 18.5% | ₹135 Cr 214.0% | ₹43 Cr 4.9% | ₹41 Cr 35.9% | ₹64 Cr 51.1% | ₹131 Cr 151.9% | ₹52 Cr |
| EPS (₹) | 2.72 44.7% | 4.92 18.9% | 6.07 214.5% | 1.93 4.9% | 1.84 36.3% | 2.89 50.7% | 5.86 150.4% | 2.34 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Revenue | ₹8.7K Cr 8.9% | ₹8.0K Cr 600.3% | ₹1.1K Cr 12.6% | ₹1.0K Cr |
| Expenses | ₹7.7K Cr 8.4% | ₹7.1K Cr 557.8% | ₹1.1K Cr 13.1% | ₹953 Cr |
| Op. Profit | ₹1.0K Cr 12.3% | ₹899 Cr 1327.0% | ₹63 Cr 5.0% | ₹60 Cr |
| OPM | 12.0% 9.1% | 11.0% 120.0% | 5.0% 16.7% | 6.0% |
| Other Income | ₹20 Cr 13.0% | ₹23 Cr 475.0% | ₹4 Cr 100.0% | ₹2 Cr |
| Interest | ₹182 Cr 18.2% | ₹154 Cr 450.0% | ₹28 Cr 33.3% | ₹21 Cr |
| Depreciation | ₹470 Cr 14.9% | ₹409 Cr 1414.8% | ₹27 Cr 22.7% | ₹22 Cr |
| PBT | ₹377 Cr 5.3% | ₹358 Cr 2883.3% | ₹12 Cr 40.0% | ₹20 Cr |
| Tax % | 26.0% 4.0% | 25.0% 67.1% | 76.0% 90.0% | 40.0% |
| Net Profit | ₹279 Cr 4.5% | ₹267 Cr 8800.0% | ₹3 Cr 75.0% | ₹12 Cr |
| EPS (₹) | 12.52 4.3% | 12 | — | — |
| Div Payout | 48.0% 4.0% | 50.0% 35.1% | 37.0% 117.6% | 17.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|---|
Liabilities | |||||
| Equity Capital | ₹22 Cr 0.0% | ₹22 Cr 0.0% | ₹22 Cr 214.3% | ₹7 Cr 0.0% | ₹7 Cr |
| Reserves | ₹1.8K Cr 6.6% | ₹1.7K Cr 9.4% | ₹1.6K Cr 3197.9% | ₹47 Cr 4.4% | ₹45 Cr |
| Borrowings | ₹2.0K Cr 21.8% | ₹2.6K Cr 4.7% | ₹2.7K Cr 759.2% | ₹314 Cr 33.6% | ₹235 Cr |
| Other Liabilities | ₹589 Cr 2.1% | ₹577 Cr 24.4% | ₹464 Cr 373.5% | ₹98 Cr 34.2% | ₹73 Cr |
| Total Liabilities | ₹4.4K Cr 9.0% | ₹4.9K Cr 2.7% | ₹4.7K Cr 916.1% | ₹466 Cr 29.8% | ₹359 Cr |
Assets | |||||
| Fixed Assets | ₹3.5K Cr 8.2% | ₹3.3K Cr 18.3% | ₹2.8K Cr 759.3% | ₹322 Cr 94.0% | ₹166 Cr |
| CWIP | ₹35 Cr 87.7% | ₹284 Cr 19.3% | ₹238 Cr 621.2% | ₹33 Cr 74.2% | ₹128 Cr |
| Investments | ₹57 Cr 54.1% | ₹37 Cr 23.3% | ₹30 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹795 Cr 37.4% | ₹1.3K Cr 25.3% | ₹1.7K Cr 1430.6% | ₹111 Cr 70.8% | ₹65 Cr |
| Total Assets | ₹4.4K Cr 9.0% | ₹4.9K Cr 2.7% | ₹4.7K Cr 916.1% | ₹466 Cr 29.8% | ₹359 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Operating CF | ₹1.4K Cr 2142.3% | ₹-71 Cr 269.0% | ₹42 Cr 25.0% | ₹56 Cr |
| Investing CF | ₹-879 Cr 126.5% | ₹-388 Cr 356.5% | ₹-85 Cr 39.3% | ₹-140 Cr |
| Financing CF | ₹-564 Cr 219.0% | ₹474 Cr 829.4% | ₹51 Cr 35.4% | ₹79 Cr |
| Net Cash Flow | ₹7 Cr 50.0% | ₹14 Cr 75.0% | ₹8 Cr 233.3% | ₹-6 Cr |
| Free Cash Flow | ₹805 Cr 276.1% | ₹-457 Cr 962.8% | ₹-43 Cr 49.4% | ₹-85 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Debtor Days | 0d | 0d 100.0% | 4d 33.3% | 3d |
| Inventory Days | 60d 36.2% | 94d 291.7% | 24d 71.4% | 14d |
| Days Payable | 15d 25.0% | 12d 40.0% | 20d 11.1% | 18d |
| Cash Conv. Cycle | 45d 45.8% | 83d 937.5% | 8d 900.0% | -1d |
| Working Capital Days | -31d 121.4% | -14d 333.3% | 6d 700.0% | -1d |
| ROCE | 13.0% | — | 12.0% | — |
Source: Screener.in · Lower days = better efficiency
About Hatsun Agro Product Limited
Hatsun Agro Product Limited has been in business for over 5 decades and achieved the position of the largest private-sector industry in the Dairy sector manufacturing and marketing Milk and Milk products, Ice-Cream, etc. [1] It was incorporated by Mr. R G Chandramogan, who has been in the dairy business for more than 30 years. [2] Its journey began with Arun Icecreams. [3]
Fast Moving Consumer GoodsFood Products