Consumer Food · Founded 1982 · www.halderventure.in · BSE 539854 · NSE HALDER · ISIN INE115S01010
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1. Business Overview
Halder Venture Ltd., operating in India within the Consumer Food sector, is primarily involved in the business of manufacturing, processing, distributing, and marketing food products intended for direct consumption by consumers. The core business model likely revolves around developing a portfolio of packaged food items, managing the supply chain from raw material procurement to finished goods distribution, and selling these products through various retail channels (supermarkets, kirana stores, online platforms) to generate revenue. The company makes money by selling its food products at a margin above its production, packaging, marketing, and distribution costs.
2. Key Segments / Revenue Mix
Specific details regarding Halder Venture Ltd.'s product segments or their individual contribution to overall revenue are not publicly available with the provided information. However, typical segments within the broader Consumer Food industry in India often include categories such as staples (e.g., flour, spices), snacks (savory, sweet), confectionery, dairy products, beverages, ready-to-eat meals, or processed foods. Without further data, it is not possible to provide a breakdown of the company's revenue mix.
3. Industry & Positioning
The Indian Consumer Food industry is characterized by its vastness, diversity, and significant growth potential, driven by a large population, rising disposable incomes, and increasing urbanization. It is a highly competitive landscape with a mix of well-entrenched national and international players (e.g., ITC, Nestle India, Britannia, HUL), as well as numerous regional and local brands. The industry is fragmented at the local level but consolidated for established national brands, often requiring extensive distribution networks and strong brand equity to succeed. Without specific market share data or brand visibility, Halder Venture Ltd.'s precise positioning relative to its peers cannot be determined. It could be a niche player, a regional operator, or a smaller national contender within this competitive environment.
4. Competitive Advantage (Moat)
Without specific details on Halder Venture Ltd.'s market presence, brand portfolio, or operational scale, it is challenging to ascertain if the company possesses a durable competitive advantage (moat). In the consumer food industry, potential moats often arise from:
Brand Equity: Strong, recognizable brands that foster consumer loyalty.
Extensive Distribution Network: A wide reach, particularly in India's diverse geographical landscape.
Economies of Scale: Cost efficiencies in procurement, manufacturing, and marketing due to large volumes.
Proprietary Recipes/Technology: Unique product formulations or processing methods (less common for basic foods).
Whether Halder Venture Ltd. has successfully cultivated any of these advantages would require a deeper analysis of its business operations and market perception.
5. Growth Drivers
Over the next 3-5 years, Halder Venture Ltd.'s growth could be driven by several factors inherent to the Indian consumer food market:
Rising Disposable Incomes: Leading to increased demand for packaged and value-added food products.
Urbanization and Changing Lifestyles: Fueling demand for convenience foods, ready-to-eat options, and premium products.
Shift from Unorganized to Organized Sector: Consumers increasingly preferring branded, hygienically packaged foods.
Expanding Distribution Channels: Growth of modern retail and e-commerce increasing product accessibility.
Population Growth: A consistently growing consumer base in India.
Product Innovation: Introduction of new flavors, healthier options, or products catering to specific dietary needs.
6. Risks
Key risks for Halder Venture Ltd. include:
Intense Competition: Fierce rivalry from both established national players and emerging regional brands, potentially leading to price wars and margin pressure.
Raw Material Price Volatility: Fluctuations in agricultural commodity prices (grains, sugar, dairy, etc.) can impact production costs and profitability.
Supply Chain Disruptions: Issues in sourcing, logistics, or distribution can affect product availability and freshness.
Regulatory Changes: Evolving food safety standards, labeling requirements, and taxation policies by the government.
Changing Consumer Preferences: Shifting trends towards healthier eating, organic products, or specific dietary restrictions, requiring continuous product adaptation.
Brand Reputation Risk: Product recalls, quality concerns, or negative publicity can severely damage brand trust.
Economic Downturns: Reduced consumer spending power could impact demand for discretionary food items.
7. Management & Ownership
Specific details regarding the promoters (founding/controlling shareholders), the management team's experience, or the precise ownership structure of Halder Venture Ltd. are not available from the provided information. In India, many companies, particularly in the mid-cap space, are promoter-led, where the vision, values, and strategic direction of the founding family or key entrepreneurial figures often play a crucial role in the company's trajectory and corporate governance.
8. Outlook
Halder Venture Ltd. operates in the Indian consumer food sector, which presents a significant long-term growth opportunity driven by favorable demographic trends, increasing income levels, and a secular shift towards branded and packaged foods. If the company can effectively navigate the competitive landscape by building strong brands, developing an efficient and extensive distribution network, and consistently innovating to meet evolving consumer demands, it is well-positioned to capitalize on these macro trends. However, the sector remains highly competitive with established players, prone to raw material price volatility, and subject to changing regulatory and consumer preferences. The ability of Halder Venture Ltd. to manage these challenges effectively, maintain cost efficiencies, and secure a distinct market position will be crucial for its sustained performance and profitability.
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 121 | 134 | 253 | 166 | 175 | 356 | 147 | 103 | 98 | 145 |
| Other Income | 0 | 1 | 5 | 2 | 0 | 14 | 11 | 9 | 10 | 17 |
| Total Income | 121 | 134 | 258 | 169 | 175 | 371 | 158 | 112 | 108 | 163 |
| Total Expenditure | 114 | 130 | 236 | 156 | 163 | 336 | 147 | 97 | 108 | 134 |
| Operating Profit | 7 | 5 | 22 | 12 | 12 | 34 | 12 | 15 | 0 | 29 |
| Interest | 3 | 5 | 6 | 5 | 6 | 6 | 9 | 8 | 6 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | -2 | 15 | 6 | 5 | 27 | 1 | 6 | -7 | 21 |
| Provision for Tax | 1 | 0 | 4 | 2 | 1 | 6 | 9 | 3 | 4 | 0 |
| Profit After Tax | 2 | -2 | 10 | 4 | 4 | 21 | -8 | 3 | -11 | 21 |
| Adjustments | 0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 |
| Profit After Adjustments | 2 | -2 | 10 | 4 | 4 | 21 | -8 | 3 | -11 | 21 |
| Adjusted Earnings Per Share | 2.1 | -1.6 | 8.4 | 4.2 | 3 | 22.6 | -6.8 | 2.4 | -9 | 17.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 4 | 200 | 233 | 258 | 287 | 619 | 890 | 365 | 644 | 844 | 493 |
| Other Income | 0 | 0 | 2 | 2 | 3 | 3 | 5 | 13 | 5 | 7 | 28 | 47 |
| Total Income | 2 | 4 | 202 | 235 | 261 | 291 | 624 | 903 | 370 | 651 | 872 | 541 |
| Total Expenditure | 2 | 4 | 191 | 222 | 247 | 275 | 589 | 859 | 349 | 609 | 801 | 486 |
| Operating Profit | 0 | 0 | 12 | 13 | 14 | 16 | 35 | 44 | 20 | 41 | 72 | 56 |
| Interest | 0 | 0 | 5 | 5 | 6 | 7 | 7 | 10 | 9 | 19 | 27 | 29 |
| Depreciation | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit Before Tax | 0 | 0 | 4 | 4 | 5 | 6 | 26 | 32 | 8 | 17 | 39 | 21 |
| Provision for Tax | 0 | 0 | 1 | 1 | 1 | 2 | 7 | 9 | 2 | 6 | 18 | 16 |
| Profit After Tax | 0 | 0 | 3 | 3 | 3 | 5 | 18 | 23 | 6 | 12 | 21 | 5 |
| Adjustments | 0 | -0 | -1 | -1 | -2 | -2 | -13 | -15 | -4 | -0 | -0 | 0 |
| Profit After Adjustments | 0 | 0 | 1 | 1 | 2 | 2 | 6 | 8 | 2 | 12 | 21 | 5 |
| Adjusted Earnings Per Share | 0 | 0 | 1.4 | 1.6 | 1.7 | 2.4 | 6 | 8.4 | 2.5 | 12.3 | 18.2 | 4.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 31% | -2% | 24% | 83% |
| Operating Profit CAGR | 76% | 18% | 35% | 0% |
| PAT CAGR | 75% | -3% | 33% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 7% | 36% | 44% | NA% |
| ROE Average | 15% | 13% | 25% | 14% |
| ROCE Average | 16% | 12% | 15% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 41 | 42 | 46 | 47 | 49 | 50 | 45 | 50 | 52 | 135 | 153 |
| Minority's Interest | 0 | 0 | 20 | 21 | 23 | 27 | 51 | 68 | 72 | 1 | 1 |
| Borrowings | 0 | 0 | 7 | 7 | 5 | 3 | 14 | 20 | 15 | 11 | 34 |
| Other Non-Current Liabilities | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 9 |
| Total Current Liabilities | 0 | 0 | 56 | 88 | 80 | 88 | 185 | 128 | 213 | 299 | 401 |
| Total Liabilities | 42 | 42 | 130 | 165 | 158 | 169 | 296 | 268 | 353 | 449 | 598 |
| Fixed Assets | 0 | 0 | 30 | 32 | 32 | 29 | 27 | 30 | 51 | 49 | 47 |
| Other Non-Current Assets | 39 | 39 | 28 | 27 | 26 | 1 | 12 | 18 | 4 | 23 | 82 |
| Total Current Assets | 3 | 3 | 71 | 106 | 100 | 139 | 256 | 221 | 298 | 376 | 469 |
| Total Assets | 42 | 42 | 130 | 165 | 158 | 169 | 296 | 268 | 353 | 449 | 598 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 1 | 1 | 5 | 2 | 0 | 3 | 6 | 3 | 8 |
| Cash Flow from Operating Activities | -3 | -0 | -1 | -1 | 11 | -36 | -98 | 115 | -71 | -2 | 25 |
| Cash Flow from Investing Activities | 0 | 0 | 4 | 11 | -7 | 25 | -2 | -20 | -11 | -19 | -63 |
| Cash Flow from Financing Activities | 3 | 0 | -2 | -5 | -6 | 10 | 102 | -92 | 77 | 26 | 34 |
| Net Cash Inflow / Outflow | 0 | -0 | 0 | 4 | -3 | -1 | 3 | 3 | -4 | 5 | -4 |
| Closing Cash & Cash Equivalent | 0 | 0 | 1 | 5 | 2 | 1 | 3 | 6 | 2 | 8 | 5 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0.01 | 1.36 | 1.56 | 1.66 | 2.44 | 6 | 8.42 | 2.51 | 12.3 | 18.16 |
| CEPS(Rs) | 0.01 | 0.01 | 5.64 | 6.3 | 7.05 | 8.15 | 22.38 | 26.61 | 10.07 | 17.55 | 22.52 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 |
| Book NAV/Share(Rs) | 43.75 | 43.76 | 48.16 | 49.61 | 51.26 | 52.45 | 47.16 | 52.94 | 55.15 | 141.92 | 132.03 |
| Core EBITDA Margin(%) | -0.16 | -2.04 | 4.84 | 4.71 | 4.38 | 4.35 | 4.88 | 3.51 | 4.27 | 5.31 | 5.18 |
| EBIT Margin(%) | 0.35 | 0.45 | 4.62 | 4.11 | 4.2 | 4.46 | 5.26 | 4.66 | 4.59 | 5.67 | 7.87 |
| Pre Tax Margin(%) | 0.29 | 0.42 | 2.07 | 1.79 | 1.76 | 2.13 | 4.16 | 3.57 | 2.19 | 2.68 | 4.67 |
| PAT Margin (%) | 0.21 | 0.29 | 1.37 | 1.2 | 1.3 | 1.61 | 2.98 | 2.53 | 1.62 | 1.81 | 2.5 |
| Cash Profit Margin (%) | 0.21 | 0.29 | 2.67 | 2.56 | 2.59 | 2.68 | 3.42 | 2.83 | 2.62 | 2.59 | 3.09 |
| ROA(%) | 0.01 | 0.03 | 3.2 | 1.91 | 2.08 | 2.83 | 7.93 | 8 | 1.91 | 2.91 | 4.03 |
| ROE(%) | 0.01 | 0.03 | 6.3 | 6.06 | 7 | 9.42 | 39.04 | 47.54 | 11.57 | 12.49 | 14.67 |
| ROCE(%) | 0.02 | 0.05 | 12.77 | 8.65 | 9.22 | 10.34 | 17.65 | 21.1 | 8.32 | 11.81 | 16.13 |
| Receivable days | 77.41 | 145.47 | 31.54 | 52.93 | 58.52 | 60.96 | 57.09 | 49.64 | 104.05 | 84.83 | 65.32 |
| Inventory Days | 535.45 | 0 | 54.78 | 61.85 | 62.01 | 72.72 | 47.53 | 34.39 | 118.62 | 87.36 | 93.04 |
| Payable days | 86.89 | 12.23 | 0.84 | 17.31 | 14.99 | 2.66 | 1.71 | 8.78 | 38.6 | 25.21 | 42.93 |
| PER(x) | 0 | 0 | 0 | 1.62 | 6.51 | 5.75 | 6.52 | 12.63 | 33.63 | 7.36 | 11.81 |
| Price/Book(x) | 0 | 0 | 0 | 0.05 | 0.21 | 0.27 | 0.83 | 2.01 | 1.53 | 0.64 | 1.63 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0.85 | 0.31 | 0.39 | 0.37 | 0.16 |
| EV/Net Sales(x) | 1.63 | 0.79 | 0.3 | 0.3 | 0.29 | 0.33 | 0.36 | 0.23 | 0.74 | 0.49 | 0.63 |
| EV/Core EBITDA(x) | 462.74 | 174.22 | 5.01 | 5.44 | 5.33 | 6 | 6.38 | 4.56 | 13.3 | 7.6 | 7.47 |
| Net Sales Growth(%) | -22.68 | 134.77 | 4543.01 | 16.61 | 10.46 | 11.44 | 115.34 | 43.76 | -59 | 76.42 | 31.2 |
| EBIT Growth(%) | 211.91 | 201.38 | 0 | 3.83 | 12.86 | 18.68 | 153.35 | 27.36 | -59.68 | 118.11 | 82.08 |
| PAT Growth(%) | 151.72 | 231.51 | 0 | 2.32 | 19.26 | 38.31 | 298.12 | 22.38 | -73.73 | 96.83 | 80.9 |
| EPS Growth(%) | 103.94 | 225.57 | 0 | 14.36 | 6.69 | 46.36 | 146.36 | 40.18 | -70.15 | 389.78 | 47.62 |
| Debt/Equity(x) | 0 | 0.01 | 1.26 | 1.53 | 1.39 | 1.67 | 4.28 | 2.13 | 3.68 | 1.77 | 1.94 |
| Current Ratio(x) | 9.66 | 9.04 | 1.26 | 1.2 | 1.24 | 1.58 | 1.39 | 1.72 | 1.4 | 1.26 | 1.17 |
| Quick Ratio(x) | 1.51 | 9.04 | 0.73 | 0.65 | 0.89 | 0.71 | 0.93 | 1.08 | 0.68 | 0.74 | 0.48 |
| Interest Cover(x) | 6.01 | 15.5 | 1.81 | 1.77 | 1.72 | 1.92 | 4.79 | 4.29 | 1.91 | 1.89 | 2.46 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 29.99 | 6.56 | 6.25 | 5.16 | 1.06 | 2.4 | 2.77 | 1.12 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.68 | 65.68 | 65.68 | 65.68 | 65.68 | 73.84 | 73.84 | 73.84 | 73.84 | 73.69 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.32 | 34.32 | 34.32 | 34.32 | 34.32 | 26.16 | 26.16 | 26.16 | 26.16 | 26.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.31 | 0.31 | 0.92 | 0.92 | 0.92 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.33 | 0.33 | 0.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.41 | 0.41 | 1.24 | 1.24 | 1.24 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.68 | 65.68 | 65.68 | 65.68 | 65.68 | 73.84 | 73.84 | 73.84 | 73.84 | 73.69 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.32 | 34.32 | 34.32 | 34.32 | 34.32 | 26.16 | 26.16 | 26.16 | 26.16 | 26.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.21 | 0.21 | 0.21 | 0.21 | 0.21 | 0.31 | 0.31 | 0.92 | 0.92 | 0.92 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.33 | 0.33 | 0.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.41 | 0.41 | 1.24 | 1.24 | 1.24 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +31% | -2% | +24% | +83% |
| Operating Profit CAGR | +76% | +18% | +35% | — |
| PAT CAGR | +75% | -3% | +33% | — |
| Share Price CAGR | +7% | +36% | +44% | — |
| ROE Average | +15% | +13% | +25% | +14% |
| ROCE Average | +16% | +12% | +15% | +11% |
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