WEBSITE BSE:531531 NSE : HATSUN AGRO 10 May, 16:01
Market Cap ₹22965 Cr.
Stock P/E 108.3
P/B 14.6
Current Price ₹1031
Book Value ₹ 70.6
Face Value 1
52W High ₹1232
Dividend Yield 0.58%
52W Low ₹ 856.6
Hatsun Agro Product Ltd is engaged within the business of manufacturing and selling of milk, milk products and ice creams. The Company's dairy products comprises dairy whitener, milk, curd, paneer, ice creams, skimmed milk powder, ghee, amongst others. Its brands consist of Arun Icecreams, IBACO, Oyalo, AROKYA, Hatsun, Santosa Cattle Feed and Aniva Sweets. AROKYA gives full cream milk, double toned milk, toned milk, curd and milk cans. Arokya Milk offers milk-based refreshments, inclusive of yogurt toppings, paneer snacks, milkshakes, yogurt shakes,and coffee. Arun Icecreams gives Arun Icecreams iCone, Arun Icecreams iBar and Kid's Bars. IBACO gives Ice Cream Cakes and Signature Cones. Under the Hatsun brand, the Company gives curd, paneer, cooking butter, dairy whitener, ghee and butter. Its Hatsun Dairy Ingredients merchandise include milk powder, consisting of complete cream milk powder and dairy whitener, and Cream products, which include butter oil, frozen cream and lactic butter.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
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#(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 1628 | 1577 | 1626 | 2015 | 1748 | 1695 | 1789 | 1905 | 1887 | 2047 |
Other Income | 1 | 3 | 1 | 5 | 3 | 0 | 2 | 14 | 4 | 2 |
Total Income | 1629 | 1581 | 1627 | 2020 | 1751 | 1696 | 1791 | 1920 | 1892 | 2049 |
Total Expenditure | 1413 | 1410 | 1467 | 1836 | 1571 | 1505 | 1633 | 1687 | 1675 | 1817 |
Operating Profit | 216 | 170 | 160 | 184 | 180 | 191 | 158 | 233 | 217 | 232 |
Interest | 26 | 26 | 28 | 28 | 32 | 36 | 30 | 32 | 38 | 50 |
Depreciation | 77 | 77 | 83 | 85 | 90 | 92 | 96 | 100 | 102 | 111 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 113 | 67 | 50 | 71 | 58 | 63 | 33 | 101 | 77 | 71 |
Provision for Tax | 25 | 13 | 9 | 19 | 15 | 17 | 8 | 24 | 19 | 19 |
Profit After Tax | 88 | 54 | 41 | 52 | 42 | 46 | 25 | 78 | 57 | 52 |
Adjustments | -6 | -6 | -11 | 0 | -0 | 0 | 0 | 0 | -0 | 0 |
Profit After Adjustments | 82 | 48 | 30 | 52 | 42 | 46 | 25 | 78 | 57 | 52 |
Adjusted Earnings Per Share | 4 | 2.5 | 1.9 | 2.4 | 1.9 | 2.2 | 1.1 | 3.5 | 2.6 | 2.3 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 2165 | 2494 | 2933 | 3445 | 4198 | 4287 | 4760 | 5308 | 5551 | 6370 | 7247 | 7628 |
Other Income | 4 | 9 | 6 | 5 | 7 | 8 | 6 | 9 | 6 | 10 | 11 | 22 |
Total Income | 2169 | 2503 | 2940 | 3449 | 4204 | 4296 | 4766 | 5317 | 5557 | 6380 | 7258 | 7652 |
Total Expenditure | 2017 | 2316 | 2735 | 3140 | 3820 | 3916 | 4319 | 4758 | 4749 | 5649 | 6546 | 6812 |
Operating Profit | 152 | 187 | 205 | 309 | 385 | 380 | 448 | 559 | 808 | 731 | 712 | 840 |
Interest | 44 | 41 | 63 | 68 | 70 | 88 | 86 | 106 | 108 | 107 | 126 | 150 |
Depreciation | 50 | 65 | 94 | 107 | 143 | 174 | 201 | 296 | 295 | 311 | 362 | 409 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 57 | 81 | 47 | 134 | 172 | 119 | 161 | 156 | 404 | 314 | 225 | 282 |
Provision for Tax | 12 | -0 | 8 | 73 | 36 | 28 | 46 | 44 | 131 | 65 | 59 | 70 |
Profit After Tax | 45 | 82 | 39 | 60 | 135 | 91 | 115 | 112 | 274 | 248 | 166 | 212 |
Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27 | -30 | 0 | 0 |
Profit After Adjustments | 45 | 82 | 39 | 60 | 135 | 91 | 115 | 112 | 246 | 218 | 166 | 212 |
Adjusted Earnings Per Share | 2.2 | 3.9 | 1.9 | 2.9 | 6.5 | 4.3 | 5.3 | 5.1 | 12.5 | 11.3 | 7.4 | 9.5 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 14% | 11% | 11% | 13% |
Operating Profit CAGR | -3% | 8% | 13% | 17% |
PAT CAGR | -33% | 14% | 13% | 14% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | 17% | 9% | 14% | 22% |
ROE Average | 13% | 22% | 20% | 28% |
ROCE Average | 12% | 17% | 16% | 18% |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 130 | 179 | 221 | 231 | 349 | 366 | 805 | 904 | 1022 | 1109 | 1441 |
Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Borrowings | 204 | 245 | 282 | 230 | 369 | 542 | 502 | 614 | 536 | 784 | 780 |
Other Non-Current Liabilities | 28 | 28 | 29 | 27 | 28 | 29 | 40 | 238 | 222 | 597 | 761 |
Total Current Liabilities | 326 | 391 | 524 | 670 | 841 | 1095 | 898 | 957 | 1337 | 1411 | 1193 |
Total Liabilities | 687 | 844 | 1056 | 1157 | 1588 | 2032 | 2246 | 2714 | 3117 | 3901 | 4175 |
Fixed Assets | 392 | 504 | 632 | 647 | 991 | 1217 | 1408 | 1756 | 1929 | 2410 | 2615 |
Other Non-Current Assets | 70 | 167 | 67 | 41 | 176 | 330 | 297 | 460 | 470 | 692 | 801 |
Total Current Assets | 225 | 173 | 355 | 468 | 420 | 485 | 541 | 498 | 718 | 776 | 760 |
Total Assets | 687 | 844 | 1056 | 1157 | 1588 | 2032 | 2246 | 2714 | 3117 | 3901 | 4175 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 9 | 9 | 11 | 23 | 28 | 54 | 32 | 33 | 41 | 34 | 37 |
Cash Flow from Operating Activities | 143 | 201 | 62 | 219 | 433 | 277 | 375 | 552 | 518 | 576 | 741 |
Cash Flow from Investing Activities | -143 | -212 | -124 | -134 | -569 | -523 | -343 | -537 | -418 | -565 | -441 |
Cash Flow from Financing Activities | 1 | 13 | 76 | -79 | 162 | 223 | -31 | -7 | -106 | -8 | -300 |
Net Cash Inflow / Outflow | 0 | 1 | 13 | 6 | 26 | -23 | 1 | 8 | -7 | 3 | 0 |
Closing Cash & Cash Equivalent | 9 | 11 | 23 | 29 | 54 | 32 | 33 | 41 | 34 | 37 | 37 |
# | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 2.15 | 3.93 | 1.87 | 2.89 | 6.46 | 4.34 | 5.29 | 5.11 | 12.46 | 11.31 | 7.45 |
CEPS(Rs) | 4.58 | 7.06 | 6.36 | 8 | 13.28 | 12.62 | 14.54 | 18.62 | 25.89 | 25.46 | 23.68 |
DPS(Rs) | 1.7 | 2.5 | 1.8 | 4 | 4 | 4 | 4 | 6 | 8 | 6 | 6 |
Book NAV/Share(Rs) | 6.23 | 8.63 | 10.51 | 10.97 | 16.64 | 17.45 | 37.08 | 41.19 | 46.52 | 50.49 | 64.68 |
Core EBITDA Margin(%) | 6.82 | 7.12 | 6.75 | 8.83 | 8.99 | 8.66 | 9.27 | 10.36 | 14.45 | 11.32 | 9.68 |
EBIT Margin(%) | 4.67 | 4.89 | 3.77 | 5.86 | 5.75 | 4.81 | 5.19 | 4.94 | 9.24 | 6.6 | 4.84 |
Pre Tax Margin(%) | 2.62 | 3.26 | 1.61 | 3.88 | 4.08 | 2.77 | 3.39 | 2.95 | 7.28 | 4.92 | 3.1 |
PAT Margin (%) | 2.06 | 3.27 | 1.33 | 1.75 | 3.22 | 2.12 | 2.41 | 2.12 | 4.93 | 3.9 | 2.29 |
Cash Profit Margin (%) | 4.38 | 5.87 | 4.53 | 4.86 | 6.62 | 6.17 | 6.63 | 7.7 | 10.24 | 8.78 | 7.28 |
ROA(%) | 7.12 | 10.67 | 4.12 | 5.47 | 9.86 | 5.02 | 5.37 | 4.53 | 9.38 | 7.07 | 4.11 |
ROE(%) | 37.68 | 52.93 | 19.61 | 26.89 | 46.81 | 25.44 | 19.63 | 13.14 | 28.41 | 23.31 | 13.01 |
ROCE(%) | 20.66 | 20.28 | 14.7 | 23.31 | 22.3 | 14.07 | 14.12 | 13.33 | 22.58 | 15.99 | 12.29 |
Receivable days | 4.33 | 4.73 | 2.14 | 1.46 | 2.42 | 2.04 | 0.59 | 0.78 | 0.78 | 0.48 | 0.39 |
Inventory Days | 21.21 | 14.56 | 21.56 | 32.02 | 27.92 | 28.94 | 30.18 | 26.73 | 31.03 | 33.77 | 29.85 |
Payable days | 16.22 | 17.31 | 16.69 | 18.04 | 18.36 | 20.21 | 19.06 | 15.51 | 13.58 | 11.87 | 11.66 |
PER(x) | 22.64 | 35.95 | 87.4 | 73.66 | 57.66 | 116.02 | 98.03 | 73.73 | 57.09 | 93.06 | 113.87 |
Price/Book(x) | 7.82 | 16.38 | 15.55 | 19.39 | 22.39 | 28.83 | 13.99 | 9.15 | 15.29 | 20.84 | 13.11 |
Dividend Yield(%) | 1.81 | 0.92 | 0.57 | 0.98 | 0.78 | 0.58 | 0.57 | 1.17 | 1.1 | 0.56 | 0.71 |
EV/Net Sales(x) | 0.64 | 1.37 | 1.37 | 1.48 | 2.07 | 2.75 | 2.57 | 1.78 | 3.06 | 3.89 | 2.8 |
EV/Core EBITDA(x) | 9.13 | 18.27 | 19.6 | 16.48 | 22.53 | 31.07 | 27.37 | 16.88 | 21.04 | 33.88 | 28.5 |
Net Sales Growth(%) | 35.02 | 15.17 | 17.63 | 17.44 | 21.86 | 2.14 | 11.03 | 11.51 | 4.58 | 14.76 | 13.76 |
EBIT Growth(%) | 43.32 | 20.65 | -9.34 | 82.65 | 19.63 | -14.72 | 19.67 | 6.21 | 95.5 | -18.01 | -16.62 |
PAT Growth(%) | 67.92 | 82.87 | -52.06 | 54.5 | 123.8 | -32.91 | 26.43 | -2.24 | 143.68 | -9.26 | -33.19 |
EPS Growth(%) | 67.92 | 82.87 | -52.51 | 54.5 | 123.8 | -32.91 | 22.07 | -3.39 | 143.68 | -9.26 | -34.14 |
Debt/Equity(x) | 3.11 | 2.75 | 2.79 | 2.92 | 2.64 | 3.55 | 1.28 | 1.32 | 1.39 | 1.54 | 1.01 |
Current Ratio(x) | 0.69 | 0.44 | 0.68 | 0.7 | 0.5 | 0.44 | 0.6 | 0.52 | 0.54 | 0.55 | 0.64 |
Quick Ratio(x) | 0.35 | 0.22 | 0.18 | 0.18 | 0.15 | 0.09 | 0.15 | 0.13 | 0.11 | 0.12 | 0.15 |
Interest Cover(x) | 2.28 | 3 | 1.75 | 2.96 | 3.45 | 2.35 | 2.88 | 2.48 | 4.73 | 3.94 | 2.78 |
Total Debt/Mcap(x) | 0.4 | 0.17 | 0.18 | 0.15 | 0.12 | 0.12 | 0.09 | 0.14 | 0.09 | 0.07 | 0.08 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 74.12 | 74.26 | 74.26 | 73 | 73 | 73.11 | 73.11 | 73.11 | 73.11 | 73.15 |
FII | 4.33 | 4.25 | 4.23 | 4.17 | 4.18 | 4.06 | 4.07 | 3.04 | 2.91 | 2.86 |
DII | 6.8 | 6.67 | 6.62 | 8.15 | 8.25 | 8.4 | 8.53 | 9.54 | 9.7 | 9.8 |
Public | 14.76 | 14.81 | 14.89 | 14.68 | 14.57 | 14.43 | 14.29 | 14.31 | 14.29 | 14.18 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 15.98 | 16.01 | 16.01 | 15.74 | 15.74 | 16.28 | 16.28 | 16.28 | 16.28 | 16.29 |
FII | 0.93 | 0.92 | 0.91 | 0.9 | 0.9 | 0.9 | 0.91 | 0.68 | 0.65 | 0.64 |
DII | 1.47 | 1.44 | 1.43 | 1.76 | 1.78 | 1.87 | 1.9 | 2.13 | 2.16 | 2.18 |
Public | 3.18 | 3.19 | 3.21 | 3.16 | 3.14 | 3.22 | 3.18 | 3.19 | 3.18 | 3.16 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 21.56 | 21.56 | 21.56 | 21.56 | 21.56 | 22.27 | 22.27 | 22.27 | 22.27 | 22.27 |
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