WEBSITE BSE:526899 NSE: HFIL Inc. Year: 1992 Industry: Agriculture My Bucket: Add Stock
Last updated: 11:27
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1. Business Overview
Himalaya Food International Ltd. (HFIL) operates within the agriculture and food processing sector in India. Based on its name, the company is likely involved in processing agricultural produce into food products, potentially with a focus on international markets. Its core business model would involve sourcing raw agricultural materials, processing them into value-added food products (e.g., frozen foods, canned goods, specialty produce), and then marketing and distributing these products to domestic and international customers. The company generates revenue through the sale of these processed food items.
2. Key Segments / Revenue Mix
Specific segment details and revenue contributions are not available. However, for a company like HFIL, potential segments could include:
Processed Foods: Sales of value-added agricultural products.
Fresh Produce: Direct sales of agricultural commodities if farming is part of its operations.
Domestic Sales: Revenue generated from the Indian market.
International Sales/Exports: Revenue generated from sales in global markets, indicated by "International" in its name.
Without further information, the exact mix remains undefined.
3. Industry & Positioning
HFIL operates in the Indian agriculture and food processing industry, which is vast, diverse, and highly competitive. The agriculture sector in India is characterized by a large number of small and marginal farmers, while the food processing sector includes both organized and unorganized players, from large conglomerates to small and medium-sized enterprises. HFIL likely positions itself by focusing on specific processed food categories, potentially leveraging its supply chain for quality produce and its "International" focus for export markets. The competitive landscape includes other domestic food processors, large consumer goods companies with food divisions, and potentially global players in the export markets.
4. Competitive Advantage (Moat)
Without specific company details, it is challenging to confirm a durable competitive advantage. Potential moats for HFIL, if present, could stem from:
Supply Chain Efficiency: A robust and efficient sourcing and processing network, especially for perishable agricultural goods.
Brand Recognition: If "Himalaya" carries significant brand equity in specific product categories, particularly in international markets.
Distribution Network: Strong relationships and infrastructure for distributing processed foods both domestically and internationally.
Specialized Expertise: Niche expertise in processing particular agricultural products or meeting stringent international food safety and quality standards.
However, establishing and maintaining these advantages in a fragmented and competitive industry can be challenging.
5. Growth Drivers
Key factors that can drive growth for HFIL over the next 3-5 years include:
Rising Disposable Incomes & Urbanization: Increasing demand for processed and convenient food products in India.
Export Opportunities: Growing global demand for food products and India's potential as a major food exporter.
Government Support: Initiatives and policies by the Indian government to promote agriculture and food processing (e.g., infrastructure development, subsidies).
Product Diversification: Introduction of new value-added food products catering to evolving consumer tastes.
Market Expansion: Entry into new domestic and international geographies.
6. Risks
HFIL faces several business risks:
Commodity Price Volatility: Fluctuations in the prices of raw agricultural materials can impact profitability.
Weather Dependency: Agricultural output is highly dependent on weather patterns, affecting raw material availability and quality.
Regulatory Changes: Evolving food safety standards, trade policies, and agricultural regulations in India and international markets.
Competition: Intense competition from both organized and unorganized players in the food processing sector.
Supply Chain Disruptions: Challenges in logistics, storage, and transportation of perishable goods.
Currency Fluctuations: For an "International" company, adverse movements in foreign exchange rates can impact export revenues and import costs.
Access to Capital: Need for capital expenditure for processing facilities and working capital management.
7. Management & Ownership
Specific details about the management team and ownership structure of Himalaya Food International Ltd. are not publicly available within the provided information. Typically, Indian companies, especially those of a certain vintage, tend to have promoter-led management structures, with significant ownership held by the founding family or group. The quality of management and governance would depend on factors such as experience, strategic vision, execution capabilities, and adherence to corporate governance standards, which cannot be assessed without further data.
8. Outlook
Himalaya Food International Ltd. operates in a sector with significant long-term potential, driven by India's growing population, increasing urbanization, and the global demand for food. The company's "International" focus suggests an avenue for growth through exports, leveraging India's agricultural base. However, the business faces inherent challenges such as commodity price volatility, weather risks, intense competition, and the complexities of navigating diverse regulatory environments in both domestic and international markets. Sustained growth will depend on effective supply chain management, product innovation, strong brand building, and efficient navigation of the competitive and regulatory landscape.
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Market Cap ₹88 Cr.
Stock P/E 22.6
P/B 0.5
Current Price ₹10.4
Book Value ₹ 21.8
Face Value 10
52W High ₹17.9
Dividend Yield 0%
52W Low ₹ 6.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 18 | 13 | 16 | 19 | 11 | 10 | 9 | 10 | 11 | 10 |
| Other Income | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 19 | 13 | 17 | 21 | 11 | 10 | 9 | 10 | 11 | 10 |
| Total Expenditure | 15 | 10 | 13 | 16 | 8 | 8 | 6 | 6 | 7 | 8 |
| Operating Profit | 5 | 3 | 4 | 5 | 3 | 1 | 2 | 4 | 4 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 3 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 1 | 1 | 2 | 2 | 0 | 0 | 3 | 3 | 1 |
| Provision for Tax | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4 | 1 | 1 | 2 | 2 | 0 | 0 | 3 | 3 | 1 |
| Adjustments | 0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 4 | 1 | 1 | 2 | 2 | 0 | 0 | 3 | 3 | 1 |
| Adjusted Earnings Per Share | 0.6 | 0.1 | 0.2 | 0.4 | 0.3 | 0 | 0.1 | 0.4 | 0.3 | 0.1 |
| #(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 | 101 | 114 | 121 | 112 | 91 | 79 | 56 | 63 | 68 | 47 | 40 | 40 |
| Other Income | 1 | 4 | 2 | 1 | 2 | 4 | 2 | 3 | 29 | 1 | 1 | 0 |
| Total Income | 102 | 117 | 124 | 113 | 93 | 83 | 58 | 66 | 98 | 47 | 41 | 40 |
| Total Expenditure | 95 | 101 | 93 | 84 | 129 | 63 | 46 | 47 | 115 | 36 | 31 | 27 |
| Operating Profit | 7 | 17 | 31 | 29 | -36 | 20 | 12 | 18 | -18 | 11 | 10 | 12 |
| Interest | 34 | 21 | 19 | 18 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 13 | 12 | 11 | 12 | 11 | 11 | 10 | 7 | 7 | 6 | 6 | 8 |
| Exceptional Income / Expenses | -0 | -4 | -2 | -1 | -21 | 0 | 0 | 84 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -40 | -20 | -2 | -1 | -70 | 9 | 1 | 95 | -25 | 4 | 3 | 7 |
| Provision for Tax | 1 | 1 | 0 | -0 | -1 | -1 | -1 | -0 | -1 | -1 | -1 | 0 |
| Profit After Tax | -40 | -21 | -2 | -1 | -70 | 10 | 3 | 95 | -24 | 5 | 4 | 7 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -40 | -21 | -2 | -1 | -70 | 10 | 3 | 95 | -24 | 5 | 4 | 7 |
| Adjusted Earnings Per Share | -6.7 | -3.3 | -0.4 | -0.1 | -10.5 | 1.6 | 0.4 | 15.1 | -3.8 | 0.8 | 0.6 | 0.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -15% | -14% | -13% | -9% |
| Operating Profit CAGR | -9% | -18% | -13% | 4% |
| PAT CAGR | -20% | -65% | -17% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -40% | -21% | -1% | 4% |
| ROE Average | 3% | -3% | 16% | -2% |
| ROCE Average | 2% | -4% | 7% | 2% |
| #(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 | 178 | 157 | 154 | 122 | 52 | 60 | 62 | 161 | 133 | 138 | 142 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 120 | 127 | 120 | 112 | 110 | 181 | 181 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10 | 11 | 11 | 12 | 11 | 12 | 11 | 10 | 10 | 16 | 22 |
| Total Current Liabilities | 60 | 69 | 78 | 85 | 91 | 18 | 19 | 88 | 80 | 54 | 52 |
| Total Liabilities | 369 | 364 | 364 | 331 | 264 | 271 | 272 | 259 | 223 | 208 | 216 |
| Fixed Assets | 180 | 170 | 162 | 157 | 145 | 136 | 128 | 126 | 70 | 67 | 61 |
| Other Non-Current Assets | 100 | 88 | 88 | 87 | 91 | 94 | 99 | 83 | 113 | 97 | 98 |
| Total Current Assets | 89 | 106 | 114 | 87 | 27 | 41 | 45 | 50 | 41 | 44 | 57 |
| Total Assets | 369 | 364 | 364 | 331 | 264 | 271 | 272 | 259 | 223 | 208 | 216 |
| #(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 | 2 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 0 |
| Cash Flow from Operating Activities | -2 | 2 | 4 | 30 | 2 | 8 | 3 | 4 | 7 | -3 | 7 |
| Cash Flow from Investing Activities | -13 | -1 | -4 | -9 | 0 | -2 | 3 | -4 | -3 | -3 | -3 |
| Cash Flow from Financing Activities | 15 | -1 | 0 | -22 | -3 | -5 | -7 | -0 | -4 | 6 | -0 |
| Net Cash Inflow / Outflow | 0 | -0 | 1 | -1 | -1 | 1 | -1 | -0 | -0 | -0 | 4 |
| Closing Cash & Cash Equivalent | 2 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | 0 | 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) | -6.74 | -3.32 | -0.39 | -0.14 | -10.54 | 1.58 | 0.4 | 15.13 | -3.84 | 0.78 | 0.62 |
| CEPS(Rs) | -4.63 | -1.49 | 1.42 | 1.72 | -8.81 | 3.4 | 2.06 | 16.2 | -2.76 | 1.79 | 1.63 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 29.14 | 24.88 | 24.5 | 18.94 | 7.95 | 9.47 | 9.87 | 25 | 21.15 | 21.93 | 22.55 |
| Core EBITDA Margin(%) | 5.68 | 11.37 | 23.47 | 24.94 | -41.75 | 20.16 | 17.8 | 24.86 | -68.32 | 22.92 | 22.18 |
| EBIT Margin(%) | -5.9 | 0.82 | 14.03 | 15.03 | -74.67 | 11.26 | 2.57 | 152.23 | -35.66 | 10.54 | 8.01 |
| Pre Tax Margin(%) | -39.32 | -17.49 | -1.93 | -1.04 | -76.81 | 10.91 | 2.16 | 151.65 | -36.14 | 9.1 | 7.91 |
| PAT Margin (%) | -40 | -18.41 | -2.01 | -0.76 | -76.23 | 12.6 | 4.47 | 152.16 | -35.4 | 10.49 | 9.73 |
| Cash Profit Margin (%) | -27.48 | -8.27 | 7.37 | 9.72 | -63.7 | 27.15 | 23.03 | 162.93 | -25.44 | 24.07 | 25.55 |
| ROA(%) | -10.92 | -5.71 | -0.67 | -0.24 | -23.37 | 3.71 | 0.93 | 35.87 | -10.05 | 2.27 | 1.84 |
| ROE(%) | -21.11 | -12.63 | -1.57 | -0.62 | -81.02 | 17.71 | 4.14 | 86.79 | -16.66 | 3.61 | 2.79 |
| ROCE(%) | -1.69 | 0.27 | 5 | 5.23 | -25.25 | 3.72 | 0.6 | 47.16 | -16.58 | 3.63 | 2.29 |
| Receivable days | 61.7 | 71.68 | 92.62 | 83.46 | 66.46 | 58.67 | 65.51 | 114.07 | 163.33 | 258.92 | 364.41 |
| Inventory Days | 225.19 | 194.67 | 188.86 | 214.19 | 156.11 | 64.63 | 98.08 | 96.66 | 73.14 | 66.72 | 71.35 |
| Payable days | 22.93 | 53.32 | 96.43 | 101.15 | 56.59 | 156.08 | 228.67 | 225.9 | 299.13 | 220.01 | 155.82 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 3.12 | 22.69 | 1.31 | 0 | 25.25 | 16.66 |
| Price/Book(x) | 0.2 | 0.26 | 1.07 | 1.72 | 1.03 | 0.52 | 0.92 | 0.79 | 0.91 | 0.9 | 0.46 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.05 | 1.99 | 2.86 | 3.44 | 2.6 | 2.67 | 4.21 | 1.99 | 1.77 | 2.64 | 1.5 |
| EV/Core EBITDA(x) | 30.33 | 13.44 | 11.24 | 13.21 | -6.59 | 10.35 | 19.91 | 6.73 | -6.89 | 10.94 | 6.3 |
| Net Sales Growth(%) | -46.64 | 12.56 | 6.77 | -8 | -18.25 | -13.66 | -28.44 | 11.05 | 9.23 | -31.71 | -14.16 |
| EBIT Growth(%) | -217.96 | 115.56 | 1736.42 | -1.43 | -506.14 | 113.02 | -83.65 | 6471.03 | -125.59 | 120.18 | -34.76 |
| PAT Growth(%) | -211.23 | 48.2 | 88.33 | 65.18 | -8081.18 | 114.27 | -74.6 | 3679.37 | -125.41 | 120.25 | -20.41 |
| EPS Growth(%) | -195.84 | 50.76 | 88.33 | 65.18 | -7706.19 | 114.95 | -74.59 | 3679.01 | -125.41 | 120.25 | -20.41 |
| Debt/Equity(x) | 0.99 | 1.19 | 1.19 | 1.49 | 3.5 | 3.04 | 2.91 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 1.47 | 1.53 | 1.47 | 1.02 | 0.3 | 2.27 | 2.41 | 0.57 | 0.5 | 0.82 | 1.1 |
| Quick Ratio(x) | 0.46 | 0.66 | 0.62 | 0.25 | 0.16 | 1.42 | 1.62 | 0.36 | 0.39 | 0.67 | 0.95 |
| Interest Cover(x) | -0.18 | 0.04 | 0.88 | 0.94 | -34.75 | 31.68 | 6.3 | 264.67 | -73.88 | 7.34 | 80.25 |
| Total Debt/Mcap(x) | 4.86 | 4.49 | 1.11 | 0.89 | 3.55 | 5.86 | 3.17 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.54 | 50.54 | 48.83 | 46.77 | 46.32 | 46.35 | 46.22 | 48.98 | 48.98 | 48.94 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.46 | 49.46 | 51.17 | 53.23 | 53.68 | 53.65 | 53.78 | 51.02 | 51.02 | 51.06 |
| 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 | 2.92 | 2.92 | 2.83 | 2.71 | 2.68 | 2.68 | 2.68 | 4.15 | 4.15 | 4.15 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 2.86 | 2.86 | 2.96 | 3.08 | 3.11 | 3.1 | 3.11 | 4.33 | 4.33 | 4.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.79 | 5.79 | 5.79 | 5.79 | 5.79 | 5.79 | 5.79 | 8.48 | 8.48 | 8.48 |
* The pros and cons are machine generated.
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