Subscribe

Hatsun Agro Product Limited (HATSUN.NS)

INR907.90 -7.20 (-0.79%)
IN NSE Consumer Defensive Packaged Foods
Address Domaine 600097
Chennai, IN
CEO J. Shanmuga Priyan
Website hap.in
IPO 2014-06-20
ISIN INE473B01035

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HATSUN.BO (INR) National Stock Exchange of India · HATSUN.NS (INR)
Description

Hatsun Agro Product Limited, established in 1970 and headquartered in Chennai, India, is a leading manufacturer and marketer primarily focused on ice creams, various dairy products, and animal feed within India. The company's extensive product range is organized under several well-known brands. Its Arokya line offers standardized, full cream, and toned milk, alongside curd. The Hatsun brand covers a broader spectrum of dairy items, including milk, skimmed milk powder, dairy whitener, ghee, paneer cubes, both table and cooking butter, and milk beverages. For frozen desserts, Hatsun operates the Ibaco brand, which provides ice cream cakes, bars, shakes, signature cones, and chocolates, as well as the Arun brand, known for its diverse selection of ice creams, bars, flavored tubs, and specialty products. Expanding beyond dairy, the company also markets pizzas and cakes under the Oyalo brand, cattle feed as Santosa, and milk mixes and drinks through Aniva. Moreover, Hatsun supplies dairy ingredients and an assortment of milk-based refreshments like milkshakes, yogurt shakes, yogurt toppings, paneer snacks, coffee, and other hot beverages. The company's dairy offerings are retailed through its expansive network of approximately 3500 owned Hatsun Daily outlets. Leveraging its proprietary logistics and distribution infrastructure, Hatsun delivers its milk and curd products across key Indian states including Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Maharashtra. Demonstrating its global reach, Hatsun Agro Product Limited also exports its goods to 42 countries, prominently including the United States, the Middle East, and South Asia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
INR907.90 -7.20 (-0.79%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
29.3K
Beta
-0.17
Float Shares
54.57M
Free Float %
24.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.90% -2.35% -6.22% +2.10% -11.96% -5.73% +3.15% +5.11% +9.64% +314.81% +590.04%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
907.90
DCF (Unlevered) 951.12 +4.8%
DCF (Levered) 1,569.71 +72.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
7.54
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +14.7% Q1'26: +15.8% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +27.8% Q1'26: +18.1% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +9.9% Q1'26: +32.2% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    +6.1% Q1'26: +3.5% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    +12.2% Q1'26: +8.2% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    -0.1% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    1.56× Q1'26: 1.95× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.13) × ERP
WACC = 92% × Ke + 8% × Kd (8.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 927.70 Current price: 907.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
24.81B
est: 25.61B (-3.1%)
29.29B
est: 28.96B (+1.1%)
34.39B
est: 34.68B (-0.8%)
41.88B
est: 40.50B (+3.4%)
42.79B
est: 43.67B (-2.0%)
47.52B
est: 48.00B (-1.0%)
53.00B
est: 53.84B (-1.6%)
55.44B
est: 53.56B (+3.5%)
63.54B
est: 64.93B (-2.2%)
72.28B
est: 73.28B (-1.4%)
79.75B
est: 79.41B (+0.4%)
86.84B
est: 88.46B (-1.8%)
97.99B
97.32B – 98.66B
+10.8% YoY
107.44B
106.67B – 108.22B
+9.6% YoY
121.16B
120.28B – 122.03B
+12.8% YoY
EBITDA
1.84B
est: 3.02B (-39.0%)
2.01B
est: 3.41B (-41.1%)
3.07B
est: 4.09B (-24.9%)
3.83B
est: 2.07B (+84.7%)
3.77B
est: 2.86B (+31.9%)
4.46B
est: 2.17B (+105.7%)
5.57B
est: 3.11B (+78.9%)
8.07B
est: 3.67B (+119.6%)
7.30B
est: 7.65B (-4.7%)
7.11B
est: 4.97B (+43.0%)
9.20B
est: 9.36B (-1.7%)
10.28B
est: 10.00B (+2.8%)
11.08B
11.00B – 11.15B
+10.8% YoY
12.14B
12.06B – 12.23B
+9.6% YoY
13.69B
13.60B – 13.79B
+12.8% YoY
EBIT
1.19B
est: 1.70B (-29.9%)
1.07B
est: 1.92B (-44.3%)
2.00B
est: 2.30B (-13.2%)
2.40B
est: 2.32B (+3.2%)
2.03B
est: 2.72B (-25.3%)
2.45B
est: 2.03B (+20.6%)
2.61B
est: 2.80B (-6.8%)
5.12B
est: 2.69B (+90.6%)
4.19B
est: 4.31B (-2.9%)
3.49B
est: 3.64B (-3.9%)
5.11B
est: 5.28B (-3.2%)
5.58B
est: 5.36B (+4.0%)
5.94B
5.90B – 5.98B
+10.8% YoY
6.51B
6.47B – 6.56B
+9.6% YoY
7.34B
7.29B – 7.40B
+12.8% YoY
Net Income
816.86M
est: 1.40B (-41.5%)
391.57M
est: 426.64M (-8.2%)
604.97M
est: 1.08B (-44.2%)
1.35B
est: 711.32M (+90.3%)
908.36M
est: 1.56B (-41.9%)
1.15B
est: 932.99M (+23.1%)
1.12B
est: 1.29B (-12.8%)
2.46B
est: 1.19B (+107.3%)
2.18B
est: 2.49B (-12.6%)
1.66B
est: 1.61B (+3.1%)
2.67B
est: 2.85B (-6.3%)
2.79B
est: 3.37B (-17.4%)
3.85B
3.74B – 3.97B
+14.2% YoY
4.66B
4.14B – 5.17B
+20.8% YoY
6.01B
5.96B – 6.07B
+29.2% YoY
SGA
3.15B
est: 1.40B (+124.6%)
1.86B
est: 1.58B (+17.4%)
2.27B
est: 6.08B (-62.7%)
2.83B
est: 7.24B (-60.9%)
3.07B
est: 8.67B (-64.6%)
3.31B
est: 8.35B (-60.4%)
2.89B
est: 10.59B (-72.7%)
2.84B
est: 10.27B (-72.3%)
3.49B
est: 3.55B (-1.8%)
3.81B
est: 13.91B (-72.6%)
4.00B
est: 4.35B (-8.1%)
4.49B
est: 6.43B (-30.2%)
7.12B
7.07B – 7.17B
+10.8% YoY
7.80B
7.75B – 7.86B
+9.6% YoY
8.80B
8.74B – 8.86B
+12.8% YoY
EPS
3.94
est: 6.27 (-37.1%)
1.88
est: 1.91 (-1.8%)
2.89
est: 4.86 (-40.6%)
6.46
est: 5.95 (+8.6%)
4.33
est: 5.05 (-14.3%)
5.30
est: 5.93 (-10.6%)
5.15
est: 5.53 (-6.9%)
11.22
est: 10.70 (+4.9%)
9.92
est: 11.19 (-11.4%)
7.54
est: 9.60 (-21.5%)
12.00
est: 12.80 (-6.3%)
12.51
est: 15.15 (-17.4%)
17.30
16.80 – 17.80
+14.2% YoY
20.90
18.59 – 23.21
+20.8% YoY
27.00
26.75 – 27.25
+29.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 B 3/5 4/5 5/5 5/5 1/5 1/5 1/5
2026-05-20 B 3/5 4/5 5/5 5/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.11B
OE per share TTM
13.97
Owner's Yield
1.51%
Maintenance CapEx ratio
62.66%
Maint CapEx / Avg PPE
39.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.15M
Shares Outstanding
222.75M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
C. Sathyan Executive Vice Chairman 14M male
J. Shanmugapriyan MD & Executive Director 4M male
H. Ramachandran Chief Financial Officer male
S. Anand Senior General Manager of Sales
S. Muthusamy Associate Vice President of Human Resources male
Senthil Kumar Senior General Manager of Plant Operations
Srinivasa Rao Senior General Manager of QA
Sundar Venkataraman Associate Vice President of Sales
C. Subramaniam Company Secretary & Compliance Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits