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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 531531 | NSE: HATSUN

Hatsun Agro Product Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:58 am

Market Cap 22,667 Cr.
Current Price 1,018
High / Low 1,400/956
Stock P/E74.5
Book Value 73.3
Dividend Yield0.59 %
ROCE13.2 %
ROE17.0 %
Face Value 1.00
PEG Ratio14.29

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Healthy Life Agritec Ltd 182 Cr. 73.4 73.7/3.4756.0 13.00.00 %12.6 %9.78 % 10.0
Dodla Dairy Ltd 7,521 Cr. 1,247 1,346/79134.7 2140.24 %22.1 %15.5 % 10.0
Vadilal Industries Ltd 2,885 Cr. 4,013 5,143/2,13318.8 9150.04 %27.1 %31.0 % 10.0
Umang Dairies Ltd 252 Cr. 114 165/71.042.1 20.00.00 %7.17 %2.90 % 5.00
Heritage Foods Ltd 4,404 Cr. 475 728/26825.2 96.10.53 %16.2 %13.3 % 5.00
Industry Average6,318.50 Cr1,156.7341.88221.900.23%16.40%14.91%6.83

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1,5391,6281,5771,6262,0151,7481,6951,7892,1511,9051,8872,0472,375
Expenses1,3631,4131,4101,4671,8361,5711,5051,6331,9131,6871,6751,8172,045
Operating Profit176215167159178177190156238219213230330
OPM %11%13%11%10%9%10%11%9%11%11%11%11%14%
Other Income1-5-3-105302214422
Interest27262628283236303432385046
Depreciation747777838590929697100102111111
Profit before tax761076139715863331091017771176
Tax %24%24%22%23%26%27%26%24%27%23%25%26%26%
Net Profit588248305242462580785752131
EPS in Rs2.623.692.151.332.331.912.081.123.603.482.582.345.86

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2,1652,4942,9333,4454,1984,2874,7605,3085,5516,3707,2477,9908,215
Expenses2,0172,3162,7353,1403,8203,9164,3124,7584,7495,6496,5467,0917,223
Operating Profit148178198305378372448550802721701899991
OPM %7%7%7%9%9%9%9%10%14%11%10%11%12%
Other Income496578-19-22-21112323
Interest44416368708886106108107126154166
Depreciation506594107143174201296295311362409423
Profit before tax578147134172119161156377283225358424
Tax %21%-0%17%55%21%23%29%28%35%23%26%25%
Net Profit4582396013591115112246218166267318
EPS in Rs2.023.701.762.726.084.085.155.0411.069.787.4512.0014.26
Dividend Payout %41%33%50%72%45%67%56%58%70%59%81%50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)82.22%-52.44%53.85%125.00%-32.59%26.37%-2.61%119.64%-11.38%-23.85%60.84%
Change in YoY Net Profit Growth (%)0.00%-134.66%106.29%71.15%-157.59%58.97%-28.98%122.25%-131.02%-12.47%84.70%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:13%
TTM:11%
Compounded Profit Growth
10 Years:13%
5 Years:16%
3 Years:1%
TTM:33%
Stock Price CAGR
10 Years:20%
5 Years:19%
3 Years:-7%
1 Year:-8%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:16%
Last Year:17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:48 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11111111151516162222222222
Reserves1191692112203333507898881,0001,0871,4181,5501,611
Borrowings4024946146729191,2991,0281,4341,6221,9391,7932,6982,334
Other Liabilities155171220255320367413376474494472464486
Total Liabilities6878441,0561,1571,5882,0322,2462,7143,1173,5423,7064,7354,453
Fixed Assets3925046326479911,2171,4081,7561,9292,4102,6152,7672,889
CWIP45106233390259233355384237254238161
Investments11100000814213033
Other Assets2502333994775065566056047958818161,6991,371
Total Assets6878441,0561,1571,5882,0322,2462,7143,1173,5423,7064,7354,453

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +14320162219433277375552518576741-71
Cash from Investing Activity +-143-212-124-134-569-523-343-537-418-565-441-388
Cash from Financing Activity +11376-79162223-31-7-106-8-300474
Net Cash Flow0113626-2318-73014

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-254.00-316.00-416.00-367.00-541.00371.00447.00549.00801.00720.00700.00897.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days732241111000
Inventory Days251743513645443655504194
Days Payable191818202020191413121312
Cash Conversion Cycle13327321926252442392883
Working Capital Days-1-11-06-14-15-121019201451
ROCE %20%19%14%23%22%14%15%13%21%15%11%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.12%74.12%74.26%74.26%73.00%73.00%73.11%73.11%73.11%73.11%73.15%73.17%
FIIs4.36%4.33%4.25%4.23%4.17%4.18%4.06%4.07%3.04%2.90%2.86%2.82%
DIIs6.85%6.80%6.67%6.62%8.15%8.25%8.40%8.54%9.54%9.70%9.81%9.82%
Public14.67%14.76%14.81%14.89%14.68%14.57%14.43%14.28%14.32%14.28%14.18%14.20%
No. of Shareholders25,40729,69430,64932,68031,67430,49029,96529,63026,36526,38225,54127,006

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Focused Equity Fund9,000,0002.64923.41,001,4242024-12-17798.72%
SBI Small Cap Fund2,941,5540.98301.81,001,4242024-12-17193.74%
DSP Mid Cap Fund2,856,0051.53293.031,001,4242024-12-17185.19%
SBI Large & Midcap Fund1,512,0000.61155.131,001,4242024-12-1750.98%
Sundaram Mid Cap Fund1,001,4240.87102.751,001,4242024-12-170%
Sundaram Mid Cap Fund - Institutional Plan1,001,4240.87102.751,001,4242024-12-170%
SBI Magnum Midcap Fund879,5860.4490.251,001,4242024-12-17-12.17%
DSP Equity Opportunities Fund806,1240.6382.711,001,4242024-12-17-19.5%
SBI Magnum Childrens Benefit Fund - Investment Plan689,8413.0470.781,001,4242024-12-17-31.11%
SBI Conservative Hybrid Fund397,4610.4747.191,001,4242024-12-17-60.31%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)12.007.5410.0511.436.99
Diluted EPS (Rs.)12.007.5410.0511.436.94
Cash EPS (Rs.)30.3823.6724.5225.8025.28
Book Value[Excl.RevalReserv]/Share (Rs.)70.5764.6751.4347.3855.93
Book Value[Incl.RevalReserv]/Share (Rs.)70.5764.6751.4347.3855.93
Dividend / Share (Rs.)6.006.006.008.004.00
Revenue From Operations / Share (Rs.)358.66325.29295.47258.33328.26
PBDIT / Share (Rs.)41.3631.9633.9136.3934.55
PBIT / Share (Rs.)22.9815.7319.5022.0116.22
PBT / Share (Rs.)16.0610.0814.5516.899.67
Net Profit / Share (Rs.)12.007.4410.1111.436.94
PBDIT Margin (%)11.539.8211.4714.0810.52
PBIT Margin (%)6.404.836.598.524.94
PBT Margin (%)4.473.094.926.532.94
Net Profit Margin (%)3.342.283.424.422.11
Return on Networth / Equity (%)17.0011.5119.6524.1112.41
Return on Capital Employeed (%)17.6913.7019.8126.6614.92
Return On Assets (%)5.644.426.157.904.13
Long Term Debt / Equity (X)0.600.540.700.520.67
Total Debt / Equity (X)1.441.001.541.081.01
Asset Turnover Ratio (%)1.881.991.911.912.14
Current Ratio (X)0.860.630.560.530.52
Quick Ratio (X)0.070.150.130.110.12
Inventory Turnover Ratio (X)6.278.667.388.389.48
Dividend Payout Ratio (NP) (%)50.0077.9859.3552.5085.72
Dividend Payout Ratio (CP) (%)19.7424.5224.4623.2523.54
Earning Retention Ratio (%)50.0022.0240.6547.5014.28
Cash Earning Retention Ratio (%)80.2675.4875.5476.7576.46
Interest Coverage Ratio (X)5.985.656.867.105.28
Interest Coverage Ratio (Post Tax) (X)2.732.323.333.232.06
Enterprise Value (Cr.)24675.1620296.1224774.6716684.089145.67
EV / Net Operating Revenue (X)3.092.803.893.001.72
EV / EBITDA (X)26.7828.5133.8921.2716.37
MarketCap / Net Operating Revenue (X)2.812.613.632.801.56
Retention Ratios (%)49.9922.0140.6447.4914.27
Price / BV (X)14.2813.1120.8415.299.15
Price / Net Operating Revenue (X)2.812.613.632.801.56
EarningsYield0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 933.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 8.27% compared to the current share price 1,018.00

Intrinsic Value of as of December 21, 2024 is: 982.51

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 3.49% compared to the current share price 1,018.00

Last 5 Year EPS CAGR: 5.21%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 5.58, which is a positive sign.
  3. The company has shown consistent growth in sales (4.54 cr) and profit (199.54 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 30.08, which may not be favorable.
  2. The company has higher borrowings (1,326.77) compared to reserves (749.62), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 3.34%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.69% (Industry Average ROCE: 16.4%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17% (Industry Average ROE: 14.91%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.73
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.07
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 74.5 (Industry average Stock P/E: 41.88)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.44
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Hatsun Agro Products Ltd. is a Public Limited Listed company incorporated on 04/03/1986 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L15499TN1986PLC012747 and registration number is 012747. Currently Company is involved in the business activities of Manufacture of other dairy products. Company’s Total Operating Revenue is Rs. 6370.36 Cr. and Equity Capital is Rs. 21.56 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Milk & Milk ProductsNo.41 (49), Janakiram Colony Main Road, Janakiram Colony, Arumbakkam, Chennai (Madras) Tamil Nadu 600106secretarial@hap.in
http://www.hap.in
Management
NamePosition Held
Mr. R G ChandramoganChairman
Mr. C SathyanManaging Director
Mr. D SathyanarayanNon Exe.Non Ind.Director
Mr. K S ThanarajanNon Exe.Non Ind.Director
Mr. P VaidyanathanNon Exe.Non Ind.Director
Mr. Balaji TammineediIndependent Director
Mr. V Rajendran MuthuIndependent Director
Mr. S SubramanianIndependent Director
Dr. Chalini MadhivananIndependent Woman Director
Mrs. Archana NarayanaswamyIndependent Woman Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹933.82, which is 8.27% lower than the current market price of ₹1,018.00. The stock has a market capitalization of 22,667 Cr. and recorded a high/low of 1,400/956 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,611 Cr and total liabilities of ₹4,453 Cr.

What is the Market Cap of ?

The Market Cap of is 22,667 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,018.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,400/956.

What is the Stock P/E of ?

The Stock P/E of is 74.5.

What is the Book Value of ?

The Book Value of is 73.3.

What is the Dividend Yield of ?

The Dividend Yield of is 0.59 %.

What is the ROCE of ?

The ROCE of is 13.2 %.

What is the ROE of ?

The ROE of is 17.0 %.

What is the Face Value of ?

The Face Value of is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE