NHC Foods (BSE: NHCFOODS) had a P/E of 3.7× on 6 Nov 2026, below the industry P/E of 19.5×, and the shares are 51% below their 52-week high. It earns ROCE of 10% and ROE of 9.4%, and sales and net profit grew 55% and 91% a year over 3 years. Debt is 0.29× equity. It is a small-cap company with a market cap of ₹130 Cr, ranked 76th of 127 Packaged Foods companies by market cap; the shares rose 28% over the past year.
- ₹1.39
- ₹1.40
- ₹1.33
- ₹1.40
- 23.8 L
Health check
- ReturnsAhead
+28.4% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 3.7 vs industry 19.5.
- GrowthStrong
Sales +54.8%, profit +91.4% a year over 3 years.
- ProfitabilityWeak
ROCE 10.4% vs peer median 15.3%.
- Balance sheetFair
Debt 0.29× equity, interest covered 4.3×, Piotroski 6 of 9.
- Red flags1 to check
51% below its 52-week high.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹130 Cr
- Small cap
- P/E
- 3.7
- Industry 19.5
- Price to book
- 0.45
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 9.4%
- Peers 14.8%
- ROCE
- 10.4%
- Peers 15.3%
- Debt to equity
- 0.29
- Debt ₹52 Cr
- EPS (TTM)
- ₹0.37
- OPM (TTM)
- 4.4%
- Net margin 3.2%
- Sales growth
- +234.5%
- Latest quarter vs a year ago
- Profit growth
- +929.0%
- Latest quarter vs a year ago
- Price to sales
- 0.15
- EV/EBITDA 3.6
Strengths and risks
Strengths
- Quarterly profit up 929.0% on a year ago.
- Quarterly sales up 234.5% on a year ago.
- P/E of 3.7 against an industry P/E of 19.5.
Risks to check
- 51% below its 52-week high.
About NHC Foods
NHC Foods Limited engages in the provision of whole and ground spices products in India and internationally. The company offers spices, oil seeds, rice, dry fruits, cereal and grains, dehydrated products, chickpeas, herbs, coffee, sugar, and other foodstuffs, as well as lentils, pulses, grains, agri-products and assorted food products. It offers its products under the Indibite and SAAZ brand names. The company also exports its products. The company was…
- Headquarters
- Mumbai
- Employees
- 34
- Sector
- Consumer Defensive
- ISIN
- INE141C01036
- Website
- nhcgroup.com
Price range
- Avg volume (3M)
- 1.2 Cr
- 1-year return
- plus 28.4%
- From 52-week high
- minus 51.4%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| NHCFOODSNHC Foods | 1.38 | minus 1.43% | 130 | 3.7 | 0.45 | 10.4% | 9.4% | 4.4% | 54.8% | 91.4% | 0.00% | plus 28.4% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 111 | 103 | 129 | 258 | 370 | |
| 107 | 100 | 125 | 249 | 349 | |
| 3.4 | 2.9 | 4.5 | 9.6 | 20.9 | |
| 3.1% | 2.8% | 3.5% | 3.7% | 5.6% | |
| 0.1 | 0.9 | 0.8 | −0.1 | 0.4 | |
| 0.9 | 1.2 | 1.5 | 1.5 | 2.5 | |
| 0.3 | 0.4 | 0.5 | 0.7 | 1.1 | |
| 2.3 | 2.2 | 3.3 | 7.3 | 17.6 | |
| 26.3% | 39.0% | 19.2% | 8.8% | 3.6% | |
| 1.6 | 1.3 | 2.5 | 6.4 | 16.5 | |
| 0.03 | 0.02 | 0.04 | 0.11 | 0.20 |
Profit & loss
- Sales CAGR 3Y
- +54.8%
- Profit CAGR 3Y
- +91.4%
- EPS CAGR 3Y
- +64.1%
- ROE
- 9.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 162 | 206 | 347 | 601 | |
| – | +27.1% | +68.1% | +73.5% | |
| 155 | 199 | 331 | 581 | |
| 7.1 | 6.7 | 15.8 | 20.4 | |
| 4.4% | 3.2% | 4.5% | 3.4% | |
| −0.6 | 1.1 | −0.5 | 1.1 | |
| 2.6 | 3.2 | 4.6 | 4.6 | |
| 1.2 | 1.4 | 1.5 | 1.8 | |
| – | – | −0.1 | −0 | |
| 2.7 | 3.1 | 9 | 15 | |
| 34.9% | 24.8% | 21.1% | 18.1% | |
| 1.8 | 2.3 | 7.1 | 12.3 | |
| – | +33.6% | +201.7% | +73.9% | |
| 0.05 | 0.06 | 0.33 | 0.20 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.9 | 11.9 | 59.3 | 65.8 | |
| 13.6 | 15.9 | 23.2 | 113 | |
| 28 | 36.7 | 32.7 | 52.5 | |
| 16 | 32.9 | 93.9 | 79.8 | |
| 69.5 | 97.4 | 209 | 311 | |
| 9.5 | 10.8 | 8.2 | 18.1 | |
| 0 | 0 | – | 0 | |
| 2.3 | 0.6 | 1.4 | 11.9 | |
| 57.7 | 86 | 199 | 281 | |
| 69.5 | 97.4 | 209 | 311 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.7 | −2.2 | −37.7 | 2 | |
| 1.1 | −6 | 0 | −17.3 | |
| 0.5 | 6.5 | 39.9 | 23.4 | |
| −0.1 | −1.7 | 2.3 | 8.1 | |
| −0 | −0.3 | – | −16.2 | |
| −1.7 | −2.5 | −37.7 | −14.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 13.2% (Yahoo estimate).
Major shareholders
Filings & events
News
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