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As of 6 Nov 2026, Hatsun Agro Product trades at 66.0× trailing earnings, above the industry P/E of 19.5×, and the shares are 21% below their 52-week high. Sales and net profit grew 11% and 29% a year over 3 years, with ROCE of 20% and ROE of 19%. Debt is 0.91× equity, and its dividend yield is 1.9%. It is a small-cap company with a market cap of ₹23,792 Cr, ranked 5th of 127 Packaged Foods companies by market cap; the shares rose 2.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,057.00
Day high
₹1,069.90
Day low
₹1,054.10
Prev. close
₹1,064.60
Volume
14K

Health check

3 good · 1 fair · 2 to check
  • ReturnsAhead

    +2.4% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 66.0 vs industry 19.5.

  • GrowthStrong

    Sales +11.2%, profit +29.0% a year over 3 years.

  • ProfitabilityStrong

    ROCE 20.2% vs peer median 11.2%.

  • Balance sheetFair

    Debt 0.91× equity, interest covered 4.2×, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 66.0 against an industry P/E of 19.5.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Packaged Foods

126 listed peers. Screen the industry

Small cap

₹23,792 Cr, #5 of 127 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹10,929 Cr · profit ₹361 Cr
Market cap
₹23,792 Cr
Small cap
P/E
66.0
Industry 19.5
Price to book
12.07
Peers 4.86
Dividend yield
1.87%
ROE
19.0%
Peers 11.1%
ROCE
20.2%
Peers 11.2%
Debt to equity
0.91
Debt ₹1,794 Cr
EPS (TTM)
₹16.19
Face value ₹1
OPM (TTM)
10.7%
Net margin 3.3%
Sales growth
+19.4%
Latest quarter vs a year ago
Profit growth
+5.5%
Latest quarter vs a year ago
Price to sales
2.18
EV/EBITDA 23.7

Strengths and risks

Strengths

  • Return on equity of 19.0%.
  • Return on capital employed of 20.2%.
  • Quarterly sales up 19.4% on a year ago.

Risks to check

  • P/E of 66.0 against an industry P/E of 19.5.

Derived automatically from reported figures. Not a recommendation.

About Hatsun Agro Product

Hatsun Agro Product Limited engages in the manufacture and marketing of milk, milk products, and cattle feed in India and internationally. The company offers ice cream, curd, panner, yoghurt, cheese spread, ghee, cooking and table butter, lassi, buttermilk, dairy whitener, skimmed milk powder, juice, and cocoa-based confectionery, as well as full cream, standardized, toned, and double toned milk. The company sells its products through stores under the…

Headquarters
Chennai
Employees
5,702
Sector
Consumer Defensive
ISIN
INE473B01035
Website
hap.in

Price range

52 weeks

₹855.30₹1,349.70

Today

₹1,054.10₹1,069.90
Avg volume (3M)
81.3K
1-year return
plus 2.4%
From 52-week high
minus 20.9%

Peers · Packaged Foods

Compare with peersScreen the whole industry
Company
NESTLEINDNestle India1,282.10plus 1.89%2,47,22960.642.76–79.9%21.0%––0.94%minus 0.5%
BRITANNIABritannia Industries4,785.00minus 3.92%1,15,25543.227.1361.2%66.7%18.4%5.7%3.0%1.89%minus 15.5%
TATACONSUMTata Consumer Products1,086.30plus 0.80%1,07,51163.34.868.3%7.6%14.0%13.9%8.6%0.92%minus 8.6%
PATANJALIPatanjali Foods411.50plus 0.19%44,77622.73.4211.2%14.8%4.2%8.7%27.0%0.98%minus 28.6%
HATSUNHatsun Agro Product1,068.10plus 0.33%23,79266.012.0720.2%19.0%10.7%11.2%29.0%1.87%plus 2.4%
MILKYMISTMilky Mist Dairy Food297.20plus 0.93%22,88091.28.88–9.7%10.1%––0.00%plus 63.7%
AWLAWL Agri Business167.00minus 0.48%21,57318.71.9815.3%11.1%2.9%8.7%21.4%0.60%minus 39.5%
ZYDUSWELLZydus Wellness468.60minus 1.29%14,90960.52.533.4%4.2%13.1%20.7%−14.0%0.26%plus 2.5%
Median of 7 peers–0.19%44,77660.54.8611.2%11.1%13.1%8.7%8.6%0.92%−8.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,5902,3642,5783,0902,898
2,2292,1082,3422,7402,566
361256235351331
13.9%10.8%9.1%11.3%11.4%
3.932.62.94.9
43.433.132.331.631
137146146151153
18478.959.8171153
26.6%23.2%14.9%21.7%24.1%
13560.650.9134116
6.072.722.286.005.19

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.2%
Profit CAGR 3Y
+29.0%
EPS CAGR 3Y
+28.5%
ROE
19.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,2287,9758,6849,946
–+10.3%+8.9%+14.5%
6,5267,0757,6738,764
7039001,0111,182
9.7%11.3%11.6%11.9%
1.73.211.47.5
125153180146
362409470574
6.5176.10.4
225358377470
26.1%25.3%26.1%24.3%
166267279356
–+61.1%+4.3%+27.8%
7.5412.0012.5115.99

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
22.322.322.322.3
1,4181,5501,6951,922
1,7932,6982,5701,838
472464577660
3,7064,7354,8654,443
2,8763,0193,4243,409
27526431762.3
20.630.437.243.5
40.251.769.549.4
4941,3701,017878
3,7064,7354,8654,443

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
741−71.51,4501,557
−441−388−882−435
−300474−564−1,130
013.63.8−8.4
−471−535−658−439
270−6077931,118
−129−134−134−134

Shareholding pattern

Source: NSE filings
73.6%
promoters
  • Promoters73.64%
  • Public26.36%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202673.64%26.36%plus 0.47
30 Jun 202673.17%26.83%0.00
31 Mar 202673.17%26.83%0.00
31 Dec 202573.17%26.83%0.00
30 Sep 202573.17%26.83%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you