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Hester Biosciences Overview

Hester Biosciences Ltd manufactures and trades in veterinary vaccines and fitness merchandise in India. It operates through Animal and Poultry healthcare, and Others segments. The corporation offers poultry vaccines for illnesses, along with newcastle disease, infectious bronchitis, infectious bursal sickness, bird pox, egg drop syndrome, reo, marek’s sickness, infectious coryza, fowl cholera, mycoplasma gallisepticum, inclusion body hepatitis, avian encephalomyelitis, and so forth. It also offers vaccines for large animals against Goat ...Read More

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Hester Biosciences Key Financials

Market Cap ₹1389 Cr.

Stock P/E 48.2

P/B 4

Current Price ₹1632.8

Book Value ₹ 406.6

Face Value 10

52W High ₹2347.7

Dividend Yield 0.43%

52W Low ₹ 1251

Hester Biosciences Share Price

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Volume
Price

Hester Biosciences Quarterly Price

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Hester Biosciences Peer Comparison

Hester Biosciences Quarterly Results

#(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 70 67 79 82 84 63 82 84 71 77
Other Income 4 1 4 1 2 8 -7 2 10 1
Total Income 75 68 83 83 86 71 75 86 81 78
Total Expenditure 57 57 63 65 65 58 63 61 59 60
Operating Profit 18 11 20 19 21 13 12 25 21 18
Interest 8 2 7 5 6 -4 6 2 2 2
Depreciation 4 4 4 4 4 4 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 5 9 10 11 12 2 19 15 12
Provision for Tax 3 2 3 3 3 2 2 3 3 4
Profit After Tax 2 3 6 7 7 10 0 16 12 8
Adjustments 2 1 -1 -0 1 1 1 0 2 1
Profit After Adjustments 4 4 5 6 8 12 1 16 14 9
Adjusted Earnings Per Share 4.8 4.7 5.8 7.4 9.6 13.7 1.5 19.3 17 10.3

Hester Biosciences Profit & Loss

#(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 90 101 123 136 178 183 214 235 266 305 311 314
Other Income 0 1 0 3 7 6 5 14 15 11 4 6
Total Income 90 102 124 138 185 190 219 249 281 316 315 320
Total Expenditure 65 67 82 89 110 128 146 175 216 251 250 243
Operating Profit 26 34 41 50 75 62 73 74 66 64 65 76
Interest 5 4 3 4 7 7 7 4 9 20 13 12
Depreciation 6 6 7 10 12 13 13 17 21 17 17 16
Exceptional Income / Expenses 3 0 0 0 0 0 -3 0 0 0 0 0
Profit Before Tax 18 25 31 36 57 41 50 54 40 32 40 48
Provision for Tax 5 6 8 13 16 10 15 14 12 11 11 12
Profit After Tax 13 19 23 23 41 31 35 39 28 21 29 36
Adjustments 0 0 1 3 1 -2 -0 -0 -1 -2 -1 4
Profit After Adjustments 14 19 24 26 42 29 34 39 27 19 27 40
Adjusted Earnings Per Share 16 22.6 27.7 30.1 48.9 34.3 40.5 46.2 31.3 22.2 32.3 48.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 10% 11% 13%
Operating Profit CAGR 2% -4% 1% 10%
PAT CAGR 38% -9% -1% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% -3% -5% 12%
ROE Average 10% 9% 12% 16%
ROCE Average 10% 10% 12% 16%

Hester Biosciences Balance Sheet

#(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 85 102 122 141 177 201 228 260 280 292 314
Minority's Interest 3 5 5 4 4 5 8 7 9 11 12
Borrowings 32 33 45 37 58 76 83 165 185 182 133
Other Non-Current Liabilities 6 8 4 8 11 20 31 33 48 72 68
Total Current Liabilities 35 38 38 55 49 83 61 97 149 105 125
Total Liabilities 160 186 213 244 299 387 411 562 670 662 653
Fixed Assets 60 65 103 110 145 143 133 237 259 240 233
Other Non-Current Assets 41 47 30 35 13 85 117 130 183 208 225
Total Current Assets 60 74 80 98 142 159 162 195 228 215 195
Total Assets 160 186 213 244 299 387 411 562 670 662 653

Hester Biosciences Cash Flow

#(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 1 6 5 11 12 41 24 21 25 13 12
Cash Flow from Operating Activities 20 19 35 38 47 37 58 9 24 48 65
Cash Flow from Investing Activities -21 -13 -30 -26 -22 -74 -38 -117 -77 -23 -19
Cash Flow from Financing Activities 7 -7 2 -11 3 19 -18 112 42 -26 -52
Net Cash Inflow / Outflow 5 -1 6 1 28 -19 1 4 -12 -1 -6
Closing Cash & Cash Equivalent 6 5 11 12 41 24 21 25 13 12 6

Hester Biosciences Ratios

# 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) 15.98 22.57 27.68 30.12 48.86 34.29 40.47 46.22 31.3 22.2 32.31
CEPS(Rs) 22.23 29.31 35.02 38.47 61.65 51.81 56.44 65.9 57.28 45.07 53.64
DPS(Rs) 3.1 4.1 5.3 10 11 6.6 10 10 8 6 7
Book NAV/Share(Rs) 99.83 119.56 143.35 165.32 208.61 236.36 268.38 305.61 328.82 343 369.41
Core EBITDA Margin(%) 27.28 32.42 32.71 34.65 38.21 30.23 31.97 25.32 18.81 17.44 19.61
EBIT Margin(%) 24.63 27.7 27.46 29.44 35.66 26.57 26.41 24.3 18.46 16.97 16.79
Pre Tax Margin(%) 19.72 24.08 24.67 26.48 31.93 22.55 23.33 22.58 14.98 10.48 12.71
PAT Margin (%) 14.5 18.62 18.17 16.91 22.85 16.92 16.16 16.67 10.46 6.94 9.26
Cash Profit Margin (%) 20.49 24.21 23.75 23.99 29.45 24.05 22.36 23.67 18.18 12.58 14.66
ROA(%) 8.84 11.08 11.43 10.1 14.97 9.04 8.7 8.11 4.55 3.18 4.38
ROE(%) 16.73 20.56 20.38 17.57 25.59 16.38 16.16 16.17 10.39 7.41 9.51
ROCE(%) 17.26 18.98 19.75 20.2 26.64 16.53 17.33 14.12 9.6 9.59 9.93
Receivable days 62.94 77.96 76.8 78.7 66.77 90.92 91.49 80.5 91.87 94.77 89.02
Inventory Days 127.96 111.14 97.55 97.89 92.8 114.27 107.25 106 109.08 96.04 85.58
Payable days 67.54 96.74 85.39 120.32 106.73 187.68 174.82 129.73 113.04 106.28 114.21
PER(x) 29.29 22.13 27.57 53.25 31.62 26.98 47.36 58.75 48.58 62.57 38.81
Price/Book(x) 4.69 4.18 5.32 9.7 7.41 3.91 7.14 8.88 4.62 4.05 3.39
Dividend Yield(%) 0.66 0.82 0.69 0.62 0.71 0.71 0.52 0.37 0.53 0.43 0.56
EV/Net Sales(x) 4.96 4.74 5.72 10.44 7.66 4.82 8 10.67 5.81 4.62 4.07
EV/Core EBITDA(x) 17.5 13.96 16.99 28.5 18.12 14.31 23.37 34.01 23.52 21.86 19.5
Net Sales Growth(%) 30.4 12.06 22.02 10.42 30.99 2.92 16.95 9.65 13.23 14.45 2.15
EBIT Growth(%) 14.61 25.53 20.7 16.63 58.1 -23.3 16.45 1.51 -14.06 4.56 1.06
PAT Growth(%) 46.01 43.35 18.8 1.23 76.41 -23.82 11.92 13.79 -29 -24.5 36.19
EPS Growth(%) 43.82 41.19 22.66 8.81 62.24 -29.83 18.03 14.2 -32.28 -29.06 45.52
Debt/Equity(x) 0.65 0.58 0.54 0.49 0.51 0.6 0.46 0.86 0.96 0.82 0.66
Current Ratio(x) 1.71 1.94 2.1 1.8 2.91 1.91 2.63 2.01 1.53 2.03 1.56
Quick Ratio(x) 0.88 1.06 1.22 1.07 1.87 1.14 1.62 1.23 0.96 1.32 1
Interest Cover(x) 5.02 7.67 9.84 9.95 9.57 6.61 8.59 14.16 5.31 2.62 4.12
Total Debt/Mcap(x) 0.14 0.14 0.1 0.05 0.07 0.15 0.06 0.1 0.21 0.2 0.19

Hester Biosciences Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 53.73 53.73 53.73 53.73 53.73 53.73 53.73 53.73 53.73 53.73
FII 0.43 0.43 0.52 0.61 0.59 0.87 0.52 0.53 0.51 0.38
DII 0 0 0 0 0 0 0 0 0 0
Public 45.84 45.84 45.74 45.66 45.67 45.39 45.75 45.74 45.75 45.89
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Hester Biosciences News

Hester Biosciences Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 106.28 to 114.21days.
  • Stock is trading at 4 times its book value.
  • The company has delivered a poor profit growth of -1% over past five years.
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