1. India Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Hatsun Agro Product Limited

Hatsun Agro Product Limited

HATSUN.NS
Hatsun Agro Product LimitedIN flagNational Stock Exchange of India
896.50
INR
-7.00
- -
199.69BMarket Cap
Hatsun Agro Product Limited
HATSUN.NS
(National Stock Exchange of India)

Recent

price

896.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
67.76
77.18
103.75
119.52
140.6
164.11
199.89
203.94
215.89
194.34
252.47
289.65
328.47
358.02
390.35
- -
400.39
Revenue per Share
0.97
1.28
2.15
3.93
1.88
2.89
6.46
4.33
5.22
4.12
11.22
9.93
7.54
12
12.51
- -
12.73
Basic EPS, GAAP
1.33
0.03
0.73
-2.06
-3.22
3.74
-6.7
-12.19
1.08
0.21
4.61
-0.74
12.27
-27.24
35.56
- -
- -
Free Cash Flow per Basic Share
0.24
0.38
0.78
1.5
0.31
2.67
0.87
3.49
4.25
4.25
5.89
5.9
5.88
6
6
- -
- -
Dividend per Share
0.36
1.11
2.02
4.04
4.79
5.15
10.93
11.73
12.13
9.64
17.51
21.49
23.05
28.42
34.92
- -
- -
Book Value per Share
4.64
4.96
6.01
7.77
9.97
10.53
16.09
16.88
35.99
32.71
45.83
49.82
64.87
70.05
69.59
- -
- -
Tangible Book Value per Share
200
208
208
208
208
210
210
210
220
273
220
219
220
223
223
- -
223
Basic Weighted Avg Shares
13,557
16,022
21,537
24,813
29,289
34,386
41,883
42,788
47,518
53,003
55,438
63,535
72,283
79,749
86,998
99,592
89,150
Sales/Revenue/Turnover
4.37
4.21
4.53
4.87
3.56
5.74
5.58
4.59
5.25
4.79
9.16
6.49
4.72
6.15
6.2
6.06
6.1
Operating Margin (%)
371
418
485
626
894
1,027
1,429
1,736
2,006
2,965
2,950
3,206
3,615
4,095
4,705
5,736
4,966
Depreciation Expense
194
266
447
817
392
605
1,354
908
1,148
1,123
2,464
2,179
1,659
2,673
2,788
3,562
2,835
Net Income, GAAP
19.07
17.32
21.34
- -
17.31
54.84
21.16
23.46
28.75
28.21
32.35
20.87
26.14
25.32
26.1
24.29
26.56
Effective Tax Rate (%)
1.43
1.66
2.07
3.29
1.34
1.76
3.23
2.12
2.42
2.12
4.44
3.43
2.29
3.35
3.2
3.58
3.18
Profit Margin (%)
497
-1,385
-1,015
-2,175
-1,687
-2,017
-4,213
-6,102
-3,577
-4,590
-6,195
-6,114
-4,333
-2,501
-6,663
-6,675
- -
Working Capital
2,956
1,076
2,036
2,453
2,816
2,304
3,694
5,421
5,024
7,874
6,770
9,469
10,418
12,828
12,969
10,578
- -
LT Debt
928
1,077
1,296
1,794
2,215
2,307
3,486
3,655
8,047
9,045
10,215
11,088
14,407
15,722
17,176
19,445
- -
Total Equity
12.7
13.34
15.61
- -
11.42
10.24
16.92
10.24
10.17
8.74
13.78
11.45
8.03
9.77
9.32
11.32
- -
Return on Invested Capital (%)
15.44
16.97
19.29
- -
13.73
12.1
19.61
11.56
12.31
12.51
17.23
13.63
10.96
13.55
12.37
17.93
20.1
Return on Capital (%)
277.86
176.08
137.54
129.8
42.65
58.3
80.36
38.24
44.77
42.37
76.1
50.92
33.89
46.87
39.51
88.98
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
12,736
- -
LT Borrowings
- -
9,344
- -
LT Finance Leases
- -
3,624
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
223
- -
Market Capitalization
223,655
214,686
213,105

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
11,356
- -
Cash, Cash Equivalents & STI
- -
695
- -
Accounts Receivable, Net
- -
82
- -
Inventories
- -
9,963
- -
Total Current Liabilities
- -
18,018
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
12,736
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.15%
14.01%
13.21%
Free Cash Flow
-107.04%
-476.86%
41.07%
Net Income, GAAP
29.23%
11.56%
27.76%
Sales/Revenue/Turnover
11.34%
12.46%
14.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21,506
19,054
18,875
20,314
79,749
2025
23,751
20,721
20,098
22,428
86,998
2026
25,903
23,637
25,776
- -
99,592

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.6
3.48
2.58
- -
12
2025
5.86
2.89
1.84
1.93
12.51
2026
6.07
2.72
2.28
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6
2025
- -
- -
- -
- -
6
2026
- -
- -
- -
- -
- -
Similar Companies
Aretto Wellness Inc. (ARTO.CN)
Aryzta AG (ARZTY)
Jiangxi Huangshanghuang Group Food Co., Ltd. (002695.SZ)
BRC Inc. (BRCC)
Delica Foods Holdings Co., Ltd. (3392.T)
Ligao Foods Co.Ltd (300973.SZ)
Business
Hatsun Agro Product Limited manufactures and markets a wide range of dairy products and cattle feed in India and internationally. The company produces and sells milk, curd, ice creams including bars, cups, shakes, tubs, cones and sandwiches under the Arun brand, fermented dairy products such as yoghurt and dairy-based spreads, kulfi flavours, premium desserts, chocolates, dairy whitener, skimmed milk powder, ghee, paneer and other milk products; it also offers cattle feed under brands including Santosa. Hatsun Agro operates through popular brands such as Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener, Ibaco and HAP Daily, with distribution networks in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Kerala, Goa, Gujarat, Chhattisgarh, Puducherry and Odisha; it exports dairy ingredients to 42 countries primarily in America, the Middle East and South Asia. Founded in 1970 with roots in ice cream production and formally incorporated as Hatsun Foods Private Limited in 1986, the company is headquartered in Chennai, Tamil Nadu, and maintains 19 manufacturing plants across India including recent facilities in Govindapur for ice cream and chocolate, and Uthiyur and Shirashi for milk products established in 2021. In January 2025, Hatsun Agro acquired 100% of Milk Mantra Dairy for Rs 233 crore to strengthen its presence in eastern India particularly Odisha through the Milky Moo brand; the company plans to launch high-protein dairy products within 3-6 months, expand to 1,200 Arun Ice Cream franchises, 280-300 Ibaco outlets and 5,000 milk and curd outlets over two years, and double exports to Rs 2 billion annually within four years.