H

Hatsun Agro Product Limited

HATSUNNSE
Market snapshot · 2026-08-10 22:29 UTC

952.90

+₹11.80 (+1.25%)

MARKET CAP

₹21.23K Cr

STOCK P/E

59.9x

52W HIGH

₹1,179.00

52W LOW

₹855.30

BOOK VALUE

₹87.12

EPS

₹15.90

ROE

SECTOR

Consumer Staples

DEBT/EQUITY

94.54

VOLUME

54,425

P/B RATIO

10.94x

PEG RATIO

-49.33

Sector

Consumer Staples

Themes

FMCG - FoodsPackaged Foods
D
Dividend
E
Earnings
₹1,094.04₹1,037.89₹981.73₹925.57₹869.42VolumeEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Hatsun Agro Product is a dairy manufacturer and marketer serving India and international markets. Milk, ice cream, fermented dairy, powders, ghee, paneer, butter, and cattle feed drive revenue across Arun, Arokya, Hatsun, Ibaco, and Milky Moo brands. Q1 revenue rose 19%, while the ₹1,000 crore capex plan could expand processing capacity and support management’s ₹12,000 crore FY27 revenue target. Profit growth of 27.8% exceeded 14.5% revenue growth, with margins stable, but debt/equity of 94.53 indicates substantial leverage amplifying pressure on returns. At 59.2 times earnings, the stock appears rich relative to its growth rate and sector benchmarks. The valuation assumes successful capex execution, while leverage and competitive dairy pricing remain key risks.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HATSUN.

2.00 analysts

Price Forecast

Current
₹952.90
High Target
₹1,000
▲ +4.9%
Median Target
₹925.00
▼ -2.9%
Low Target
₹850.00
▼ -10.8%
Now₹952.90High ₹1,000Median ₹925.00Low ₹850.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
2 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹766.62 - ₹1,15580%
6M₹695.47 - ₹1,24280%
12M₹601.55 - ₹1,36680%
Realized vol: +32.0% · Drift: +0.1%

Revenue Forecast

₹ Cr
Jun '26Current₹3,090.0
Sep 2026 ETrend estimate range
High₹3,038.1Base₹2,813.1Low₹2,588.0
Sep '25: ₹2,381.0 · Dec '25: ₹2,364.0 · Mar '26: ₹2,578.0 · Jun '26: ₹3,090.0 · Sep '26: ₹2,813.1 · Dec '26: ₹2,793.0
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,381.02,364.02,578.03,090.02,813.12,793.0
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹6.00
Sep 2026 ETrend estimate range
High₹7.18Base₹6.41Low₹5.64
Sep '25: ₹5.40 · Dec '25: ₹2.72 · Mar '26: ₹2.28 · Jun '26: ₹6.00 · Sep '26: ₹6.41 · Dec '26: ₹3.23
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E5.402.722.286.006.413.23
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
53%
Analyst Consensus
Unavailable

From 2 analysts

Mean upside-2.9%

Fundamentals

Moderate

Fundamentals institutional score is 51 using growth durability 51.3.

Valuation

Attractive relative to peers

Valuation institutional score is 80 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 37 using mean target upside -2.9%; dispersion penalty 6.5; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 41 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. valuation provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price925 target
Mean Upside-2.9%
Technical Score41%
Fundamental Score51%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.0% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.64). Confidence: 90%.

Live forward EPS implies next-12-month EPS of ₹27.30. Applying the stock's normalized valuation corridor produces a fair range of ₹1,569.48 to ₹1,868.14, with base value near ₹1,683.59 (+76.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹27.30

Forward P/E

34.9x

Base Fair Value

₹1,683.59

Fair Range

₹1,569.48 - ₹1,868.14

Upside To Base

+76.7%

Estimate Source

Live forward EPS

Growth Estimate

-1.2%

P/E
Strongly Undervalued

5Y Average

62.74

Current

59.19

Overvalued

68.43

Undervalued

57.49

EV/EBITDA
Strongly Undervalued

5Y Average

20.07

Current

19.17

Overvalued

21.56

Undervalued

18.07

P/S
Undervalued

5Y Average

2.12

Current

2.03

Overvalued

2.44

Undervalued

1.81

Peers & Comparison

Sector: Consumer Staples · Theme: FMCG - Foods

FMCG - Foods Peers8 peers
Avg P/E: 51.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ZYDUS WELLNESS LIMITED
ZYDUSWELLFMCG - Foods
+66.9%4.1%
87.0x
Premium
+68% vs avg
+37.5%
BIKAJI FOODS INTERN LTD
BIKAJIFMCG - Foods
+12.5%8.4%
60.6x
Premium
+17% vs avg
-13.6%
+18.7%6.6%
57.2x
Fair
+10% vs avg
-23.4%
MRS BECTORS FOOD SPE LTD
BECTORFOODFMCG - Foods
+16.0%7.0%
50.7x
Fair
-2% vs avg
-20.7%
HINDUSTAN FOODS LIMITED
HNDFDSFMCG - Foods
+20.7%3.6%
47.5x
Fair
-8% vs avg
+11.1%
DODLA DAIRY LIMITED
DODLAFMCG - Foods
+19.0%5.7%
25.9x
Undervalued
-50% vs avg
-20.6%
VADILAL INDUSTRIES LTD
VADILALINDFMCG - Foods
+57.0%10.3%
34.2x
Undervalued
-34% vs avg
+43.0%
KWALITY WALL'S (INDIA) L
KWILFMCG - Foods
+6.3%-19.5%
+18.5%
WHY THESE PEERS

HATSUN AGRO PRODUCT LTD. trades at a premium (59.9x vs peer avg 51.9x), implying higher growth or quality expectations from the Fmcg - Foods cohort. Peers include ZYDUS WELLNESS LIMITED, BIKAJI FOODS INTERN LTD, VISHAL MEGA MART LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.09K CrJun 2026

Latest net profit

₹134 CrJun 2026

Latest EPS

₹6.00Jun 2026

Net margin

11.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr800 Cr1.60K Cr2.40K Cr3.20K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr800 Cr1.60K Cr2.40K Cr3.20K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr800 Cr1.60K Cr2.40K Cr3.20K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.00K Cr0.00 Cr2.00K Cr4.00K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +2,1511,9051,8872,0472,3752,0722,0102,2432,5352,3812,3642,5783,090
Expenses +1,9131,6871,6751,8172,0451,8311,7962,0182,1652,0512,1082,3422,740
Operating Profit238219213230330241214224370331256235351
OPM %11%11%11%11%14%12%11%10%15%14%11%9%11%
Other Income +21442272934333
Interest34323850464543484337333232
Depreciation97100102111111116117127129136146146151
Profit before tax10910177711768856592011627960171
Tax %27%23%25%26%26%26%26%27%26%26%23%15%22%
Net Profit +807857521316441431481206151134
EPS in Rs3.603.482.582.345.862.891.841.936.655.402.722.286.00
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +73.17%73.17%73.17%73.17%73.17%
FIIs +3.39%3.26%3.20%3.13%3.13%
DIIs +10.22%10.36%10.28%10.26%10.25%
Public +13.23%13.20%13.35%13.43%13.46%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 25, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Jul 21, 2026PDFCompany Reports Open

Unaudited Financial Results For The Quarter Ended 30Th June, 2026

Jul 21, 2026PDFCompany Reports Open