Hatsun Agro Product Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 10, 2025, 11:32 am

Market Cap	19,669 Cr.
Current Price	883
High / Low	1,400/865
Stock P/E	68.3
Book Value	73.3
Dividend Yield	0.67 %
ROCE	13.2 %
ROE	17.0 %
Face Value	1.00
PEG Ratio	21.52

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Hatsun Agro Product Ltd

Competitors of Hatsun Agro Product Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Modern Dairies Ltd	126 Cr.	54.2	76.0/28.4	8.16	23.4	0.00 %	%	%	10.0
Healthy Life Agritec Ltd	136 Cr.	54.9	97.2/3.47	41.9	13.0	0.00 %	12.6 %	9.78 %	10.0
Dodla Dairy Ltd	6,056 Cr.	1,005	1,346/791	25.4	214	0.30 %	22.1 %	15.5 %	10.0
Vadilal Industries Ltd	3,232 Cr.	4,495	5,143/3,164	20.7	915	0.03 %	27.1 %	31.0 %	10.0
Umang Dairies Ltd	172 Cr.	78.2	165/67.0	28.0	20.0	0.00 %	7.17 %	2.90 %	5.00
Industry Average	4,721.29 Cr	994.90		30.24	193.54	0.23%	16.40%	14.91%	7.29

All Competitor Stocks of Hatsun Agro Product Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,577	1,626	2,015	1,748	1,695	1,789	2,151	1,905	1,887	2,047	2,375	2,072	2,010
Expenses	1,410	1,467	1,836	1,571	1,505	1,633	1,913	1,687	1,675	1,817	2,045	1,831	1,796
Operating Profit	167	159	178	177	190	156	238	219	213	230	330	241	214
OPM %	11%	10%	9%	10%	11%	9%	11%	11%	11%	11%	14%	12%	11%
Other Income	-3	-10	5	3	0	2	2	14	4	2	2	7	2
Interest	26	28	28	32	36	30	34	32	38	50	46	45	43
Depreciation	77	83	85	90	92	96	97	100	102	111	111	116	117
Profit before tax	61	39	71	58	63	33	109	101	77	71	176	88	56
Tax %	22%	23%	26%	27%	26%	24%	27%	23%	25%	26%	26%	26%	26%
Net Profit	48	30	52	42	46	25	80	78	57	52	131	64	41
EPS in Rs	2.15	1.33	2.33	1.91	2.08	1.12	3.60	3.48	2.58	2.34	5.86	2.89	1.84

Last Updated: March 3, 2025, 5:50 pm

Below is a detailed analysis of the quarterly data for Hatsun Agro Product Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹2,010.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,072.00 Cr. (Sep 2024) to ₹2,010.00 Cr., marking a decrease of 62.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,796.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,831.00 Cr. (Sep 2024) to ₹1,796.00 Cr., marking a decrease of 35.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹214.00 Cr.. The value appears to be declining and may need further review. It has decreased from 241.00 Cr. (Sep 2024) to ₹214.00 Cr., marking a decrease of 27.00 Cr..
For OPM %, as of Dec 2024, the value is 11.00%. The value appears to be declining and may need further review. It has decreased from 12.00% (Sep 2024) to 11.00%, marking a decrease of 1.00%.
For Other Income, as of Dec 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Sep 2024) to ₹2.00 Cr., marking a decrease of 5.00 Cr..
For Interest, as of Dec 2024, the value is ₹43.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 45.00 Cr. (Sep 2024) to ₹43.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹117.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 116.00 Cr. (Sep 2024) to ₹117.00 Cr., marking an increase of ₹1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹56.00 Cr.. The value appears to be declining and may need further review. It has decreased from 88.00 Cr. (Sep 2024) to ₹56.00 Cr., marking a decrease of 32.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 26.00%.
For Net Profit, as of Dec 2024, the value is ₹41.00 Cr.. The value appears to be declining and may need further review. It has decreased from 64.00 Cr. (Sep 2024) to ₹41.00 Cr., marking a decrease of 23.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.84. The value appears to be declining and may need further review. It has decreased from ₹2.89 (Sep 2024) to 1.84, marking a decrease of ₹1.05.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:27 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	2,165	2,494	2,933	3,445	4,198	4,287	4,760	5,308	5,551	6,370	7,247	7,990	8,504
Expenses	2,017	2,316	2,735	3,140	3,820	3,916	4,312	4,758	4,749	5,649	6,546	7,091	7,489
Operating Profit	148	178	198	305	378	372	448	550	802	721	701	899	1,015
OPM %	7%	7%	7%	9%	9%	9%	9%	10%	14%	11%	10%	11%	12%
Other Income	4	9	6	5	7	8	-1	9	-22	-21	11	23	13
Interest	44	41	63	68	70	88	86	106	108	107	126	154	184
Depreciation	50	65	94	107	143	174	201	296	295	311	362	409	455
Profit before tax	57	81	47	134	172	119	161	156	377	283	225	358	390
Tax %	21%	-0%	17%	55%	21%	23%	29%	28%	35%	23%	26%	25%
Net Profit	45	82	39	60	135	91	115	112	246	218	166	267	288
EPS in Rs	2.02	3.70	1.76	2.72	6.08	4.08	5.15	5.04	11.06	9.78	7.45	12.00	12.93
Dividend Payout %	41%	33%	50%	72%	45%	67%	56%	58%	70%	59%	81%	50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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%

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

No data available for the compounded sales growth chart.

Balance Sheet

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	11	11	11	11	15	15	16	16	22	22	22	22	22
Reserves	119	169	211	220	333	350	789	888	1,000	1,087	1,418	1,550	1,611
Borrowings	402	494	614	672	919	1,299	1,028	1,434	1,622	1,939	1,793	2,698	2,334
Other Liabilities	155	171	220	255	320	367	413	376	474	494	472	464	486
Total Liabilities	687	844	1,056	1,157	1,588	2,032	2,246	2,714	3,117	3,542	3,706	4,735	4,453
Fixed Assets	392	504	632	647	991	1,217	1,408	1,756	1,929	2,410	2,615	2,767	2,889
CWIP	45	106	23	33	90	259	233	355	384	237	254	238	161
Investments	1	1	1	0	0	0	0	0	8	14	21	30	33
Other Assets	250	233	399	477	506	556	605	604	795	881	816	1,699	1,371
Total Assets	687	844	1,056	1,157	1,588	2,032	2,246	2,714	3,117	3,542	3,706	4,735	4,453

Below is a detailed analysis of the balance sheet data for Hatsun Agro Product Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹22.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹22.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,611.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,550.00 Cr. (Mar 2024) to ₹1,611.00 Cr., marking an increase of 61.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹2,334.00 Cr.. The value appears to be improving (decreasing). However, Borrowings exceed Reserves, which may signal higher financial risk. It has decreased from ₹2,698.00 Cr. (Mar 2024) to ₹2,334.00 Cr., marking a decrease of 364.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹486.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹464.00 Cr. (Mar 2024) to ₹486.00 Cr., marking an increase of 22.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹4,453.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹4,735.00 Cr. (Mar 2024) to ₹4,453.00 Cr., marking a decrease of 282.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2,889.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,767.00 Cr. (Mar 2024) to ₹2,889.00 Cr., marking an increase of 122.00 Cr..
For CWIP, as of Sep 2024, the value is ₹161.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹238.00 Cr. (Mar 2024) to ₹161.00 Cr., marking a decrease of 77.00 Cr..
For Investments, as of Sep 2024, the value is ₹33.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹30.00 Cr. (Mar 2024) to ₹33.00 Cr., marking an increase of 3.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,371.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,699.00 Cr. (Mar 2024) to ₹1,371.00 Cr., marking a decrease of 328.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹4,453.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹4,735.00 Cr. (Mar 2024) to ₹4,453.00 Cr., marking a decrease of 282.00 Cr..

However, the Borrowings (2,334.00 Cr.) are higher than the Reserves (₹1,611.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	143	201	62	219	433	277	375	552	518	576	741	-71
Cash from Investing Activity +	-143	-212	-124	-134	-569	-523	-343	-537	-418	-565	-441	-388
Cash from Financing Activity +	1	13	76	-79	162	223	-31	-7	-106	-8	-300	474
Net Cash Flow	0	1	13	6	26	-23	1	8	-7	3	0	14

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-254.00	-316.00	-416.00	-367.00	-541.00	371.00	447.00	549.00	801.00	720.00	700.00	897.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	7	3	2	2	4	1	1	1	1	0	0	0
Inventory Days	25	17	43	51	36	45	44	36	55	50	41	94
Days Payable	19	18	18	20	20	20	19	14	13	12	13	12
Cash Conversion Cycle	13	3	27	32	19	26	25	24	42	39	28	83
Working Capital Days	-1	-11	-0	6	-14	-15	-12	10	19	20	14	51
ROCE %	20%	19%	14%	23%	22%	14%	15%	13%	21%	15%	11%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.12%	74.12%	74.26%	74.26%	73.00%	73.00%	73.11%	73.11%	73.11%	73.11%	73.15%	73.17%
FIIs	4.36%	4.33%	4.25%	4.23%	4.17%	4.18%	4.06%	4.07%	3.04%	2.90%	2.86%	2.82%
DIIs	6.85%	6.80%	6.67%	6.62%	8.15%	8.25%	8.40%	8.54%	9.54%	9.70%	9.81%	9.82%
Public	14.67%	14.76%	14.81%	14.89%	14.68%	14.57%	14.43%	14.28%	14.32%	14.28%	14.18%	14.20%
No. of Shareholders	25,407	29,694	30,649	32,680	31,674	30,490	29,965	29,630	26,365	26,382	25,541	27,006

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Focused Equity Fund	9,000,000	2.64	923.4	2,941,554	2025-03-10	205.96%
SBI Small Cap Fund	2,941,554	0.98	301.8	2,941,554	2025-03-10	0%
DSP Mid Cap Fund	2,856,005	1.53	293.03	2,941,554	2025-03-10	-2.91%
SBI Large & Midcap Fund	1,512,000	0.61	155.13	2,941,554	2025-03-10	-48.6%
Sundaram Mid Cap Fund	1,001,424	0.87	102.75	2,941,554	2025-03-10	-65.96%
Sundaram Mid Cap Fund - Institutional Plan	1,001,424	0.87	102.75	2,941,554	2025-03-10	-65.96%
SBI Magnum Midcap Fund	879,586	0.44	90.25	2,941,554	2025-03-10	-70.1%
DSP Equity Opportunities Fund	806,124	0.63	82.71	2,941,554	2025-03-10	-72.6%
SBI Magnum Childrens Benefit Fund - Investment Plan	689,841	3.04	70.78	2,941,554	2025-03-10	-76.55%
SBI Conservative Hybrid Fund	397,461	0.47	47.19	2,941,554	2025-03-10	-86.49%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	12.00	7.54	10.05	11.43	6.99
Diluted EPS (Rs.)	12.00	7.54	10.05	11.43	6.94
Cash EPS (Rs.)	30.38	23.67	24.52	25.80	25.28
Book Value[Excl.RevalReserv]/Share (Rs.)	70.57	64.67	51.43	47.38	55.93
Book Value[Incl.RevalReserv]/Share (Rs.)	70.57	64.67	51.43	47.38	55.93
Dividend / Share (Rs.)	6.00	6.00	6.00	8.00	4.00
Revenue From Operations / Share (Rs.)	358.66	325.29	295.47	258.33	328.26
PBDIT / Share (Rs.)	41.36	31.96	33.91	36.39	34.55
PBIT / Share (Rs.)	22.98	15.73	19.50	22.01	16.22
PBT / Share (Rs.)	16.06	10.08	14.55	16.89	9.67
Net Profit / Share (Rs.)	12.00	7.44	10.11	11.43	6.94
PBDIT Margin (%)	11.53	9.82	11.47	14.08	10.52
PBIT Margin (%)	6.40	4.83	6.59	8.52	4.94
PBT Margin (%)	4.47	3.09	4.92	6.53	2.94
Net Profit Margin (%)	3.34	2.28	3.42	4.42	2.11
Return on Networth / Equity (%)	17.00	11.51	19.65	24.11	12.41
Return on Capital Employeed (%)	17.69	13.70	19.81	26.66	14.92
Return On Assets (%)	5.64	4.42	6.15	7.90	4.13
Long Term Debt / Equity (X)	0.60	0.54	0.70	0.52	0.67
Total Debt / Equity (X)	1.44	1.00	1.54	1.08	1.01
Asset Turnover Ratio (%)	1.88	1.99	1.91	1.91	2.14
Current Ratio (X)	0.86	0.63	0.56	0.53	0.52
Quick Ratio (X)	0.07	0.15	0.13	0.11	0.12
Inventory Turnover Ratio (X)	6.27	8.66	7.38	8.38	9.48
Dividend Payout Ratio (NP) (%)	50.00	77.98	59.35	52.50	85.72
Dividend Payout Ratio (CP) (%)	19.74	24.52	24.46	23.25	23.54
Earning Retention Ratio (%)	50.00	22.02	40.65	47.50	14.28
Cash Earning Retention Ratio (%)	80.26	75.48	75.54	76.75	76.46
Interest Coverage Ratio (X)	5.98	5.65	6.86	7.10	5.28
Interest Coverage Ratio (Post Tax) (X)	2.73	2.32	3.33	3.23	2.06
Enterprise Value (Cr.)	24675.16	20296.12	24774.67	16684.08	9145.67
EV / Net Operating Revenue (X)	3.09	2.80	3.89	3.00	1.72
EV / EBITDA (X)	26.78	28.51	33.89	21.27	16.37
MarketCap / Net Operating Revenue (X)	2.81	2.61	3.63	2.80	1.56
Retention Ratios (%)	49.99	22.01	40.64	47.49	14.27
Price / BV (X)	14.28	13.11	20.84	15.29	9.15
Price / Net Operating Revenue (X)	2.81	2.61	3.63	2.80	1.56
EarningsYield	0.01	0.01	0.01	0.01	0.01

After reviewing the key financial ratios for Hatsun Agro Product Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 12.00. This value is within the healthy range. It has increased from 7.54 (Mar 23) to 12.00, marking an increase of 4.46.
For Diluted EPS (Rs.), as of Mar 24, the value is 12.00. This value is within the healthy range. It has increased from 7.54 (Mar 23) to 12.00, marking an increase of 4.46.
For Cash EPS (Rs.), as of Mar 24, the value is 30.38. This value is within the healthy range. It has increased from 23.67 (Mar 23) to 30.38, marking an increase of 6.71.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 70.57. It has increased from 64.67 (Mar 23) to 70.57, marking an increase of 5.90.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 70.57. It has increased from 64.67 (Mar 23) to 70.57, marking an increase of 5.90.
For Dividend / Share (Rs.), as of Mar 24, the value is 6.00. This value exceeds the healthy maximum of 3. There is no change compared to the previous period (Mar 23) which recorded 6.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 358.66. It has increased from 325.29 (Mar 23) to 358.66, marking an increase of 33.37.
For PBDIT / Share (Rs.), as of Mar 24, the value is 41.36. This value is within the healthy range. It has increased from 31.96 (Mar 23) to 41.36, marking an increase of 9.40.
For PBIT / Share (Rs.), as of Mar 24, the value is 22.98. This value is within the healthy range. It has increased from 15.73 (Mar 23) to 22.98, marking an increase of 7.25.
For PBT / Share (Rs.), as of Mar 24, the value is 16.06. This value is within the healthy range. It has increased from 10.08 (Mar 23) to 16.06, marking an increase of 5.98.
For Net Profit / Share (Rs.), as of Mar 24, the value is 12.00. This value is within the healthy range. It has increased from 7.44 (Mar 23) to 12.00, marking an increase of 4.56.
For PBDIT Margin (%), as of Mar 24, the value is 11.53. This value is within the healthy range. It has increased from 9.82 (Mar 23) to 11.53, marking an increase of 1.71.
For PBIT Margin (%), as of Mar 24, the value is 6.40. This value is below the healthy minimum of 10. It has increased from 4.83 (Mar 23) to 6.40, marking an increase of 1.57.
For PBT Margin (%), as of Mar 24, the value is 4.47. This value is below the healthy minimum of 10. It has increased from 3.09 (Mar 23) to 4.47, marking an increase of 1.38.
For Net Profit Margin (%), as of Mar 24, the value is 3.34. This value is below the healthy minimum of 5. It has increased from 2.28 (Mar 23) to 3.34, marking an increase of 1.06.
For Return on Networth / Equity (%), as of Mar 24, the value is 17.00. This value is within the healthy range. It has increased from 11.51 (Mar 23) to 17.00, marking an increase of 5.49.
For Return on Capital Employeed (%), as of Mar 24, the value is 17.69. This value is within the healthy range. It has increased from 13.70 (Mar 23) to 17.69, marking an increase of 3.99.
For Return On Assets (%), as of Mar 24, the value is 5.64. This value is within the healthy range. It has increased from 4.42 (Mar 23) to 5.64, marking an increase of 1.22.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.60. This value is within the healthy range. It has increased from 0.54 (Mar 23) to 0.60, marking an increase of 0.06.
For Total Debt / Equity (X), as of Mar 24, the value is 1.44. This value exceeds the healthy maximum of 1. It has increased from 1.00 (Mar 23) to 1.44, marking an increase of 0.44.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.88. It has decreased from 1.99 (Mar 23) to 1.88, marking a decrease of 0.11.
For Current Ratio (X), as of Mar 24, the value is 0.86. This value is below the healthy minimum of 1.5. It has increased from 0.63 (Mar 23) to 0.86, marking an increase of 0.23.
For Quick Ratio (X), as of Mar 24, the value is 0.07. This value is below the healthy minimum of 1. It has decreased from 0.15 (Mar 23) to 0.07, marking a decrease of 0.08.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.27. This value is within the healthy range. It has decreased from 8.66 (Mar 23) to 6.27, marking a decrease of 2.39.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 50.00. This value is within the healthy range. It has decreased from 77.98 (Mar 23) to 50.00, marking a decrease of 27.98.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 19.74. This value is below the healthy minimum of 20. It has decreased from 24.52 (Mar 23) to 19.74, marking a decrease of 4.78.
For Earning Retention Ratio (%), as of Mar 24, the value is 50.00. This value is within the healthy range. It has increased from 22.02 (Mar 23) to 50.00, marking an increase of 27.98.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 80.26. This value exceeds the healthy maximum of 70. It has increased from 75.48 (Mar 23) to 80.26, marking an increase of 4.78.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.98. This value is within the healthy range. It has increased from 5.65 (Mar 23) to 5.98, marking an increase of 0.33.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.73. This value is below the healthy minimum of 3. It has increased from 2.32 (Mar 23) to 2.73, marking an increase of 0.41.
For Enterprise Value (Cr.), as of Mar 24, the value is 24,675.16. It has increased from 20,296.12 (Mar 23) to 24,675.16, marking an increase of 4,379.04.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.09. This value exceeds the healthy maximum of 3. It has increased from 2.80 (Mar 23) to 3.09, marking an increase of 0.29.
For EV / EBITDA (X), as of Mar 24, the value is 26.78. This value exceeds the healthy maximum of 15. It has decreased from 28.51 (Mar 23) to 26.78, marking a decrease of 1.73.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.81. This value is within the healthy range. It has increased from 2.61 (Mar 23) to 2.81, marking an increase of 0.20.
For Retention Ratios (%), as of Mar 24, the value is 49.99. This value is within the healthy range. It has increased from 22.01 (Mar 23) to 49.99, marking an increase of 27.98.
For Price / BV (X), as of Mar 24, the value is 14.28. This value exceeds the healthy maximum of 3. It has increased from 13.11 (Mar 23) to 14.28, marking an increase of 1.17.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.81. This value is within the healthy range. It has increased from 2.61 (Mar 23) to 2.81, marking an increase of 0.20.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hatsun Agro Product Ltd as of March 12, 2025 is: ₹685.43

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 March 12, 2025, Hatsun Agro Product Ltd is Overvalued by 22.37% compared to the current share price 883.00

Intrinsic Value of Hatsun Agro Product Ltd as of March 12, 2025 is: 707.18

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 March 12, 2025, Hatsun Agro Product Ltd is Overvalued by 19.91% compared to the current share price 883.00

Last 5 Year EPS CAGR: 3.17%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.67%, which is a positive sign. The stock has a low average Working Capital Days of 5.58, which is a positive sign. The company has shown consistent growth in sales (4.54 cr) and profit (196.92 cr) over the years.	The stock has a high average Cash Conversion Cycle of 30.08, which may not be favorable. The company has higher borrowings (1,326.77) compared to reserves (749.62), which may suggest financial risk.

Stock Analysis

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 Hatsun Agro Product Ltd:
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: 68.3 (Industry average Stock P/E: 30.24)
  - 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 dairy products. Company's Total Operating Revenue is Rs. 7990.40 Cr. and Equity Capital is Rs. 22.28 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Milk & Milk Products	No.41 (49), Janakiram Colony Main Road, Janakiram Colony, Arumbakkam, Chennai (Madras) Tamil Nadu 600106	secretarial@hap.in http://www.hap.in

Management
Name	Position Held
Mr. R G Chandramogan	Chairman
Mr. C Sathyan	Managing Director
Mr. D Sathyanarayan	Non Exe.Non Ind.Director
Mr. K S Thanarajan	Non Exe.Non Ind.Director
Mr. P Vaidyanathan	Non Exe.Non Ind.Director
Mr. Balaji Tammineedi	Independent Director
Mr. V Rajendran Muthu	Independent Director
Mr. S Subramanian	Independent Director
Dr. Chalini Madhivanan	Independent Woman Director
Mrs. Archana Narayanaswamy	Independent Woman Director

FAQ

What is the latest intrinsic value of Hatsun Agro Product Ltd?

The latest intrinsic value of Hatsun Agro Product Ltd as on 11 March 2025 is ₹685.43, which is 22.37% lower than the current market price of 883.00, indicating the stock is overvalued by 22.37%. The intrinsic value of Hatsun Agro Product Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹19,669 Cr. and recorded a high/low of ₹1,400/865 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 Hatsun Agro Product Ltd?

The Market Cap of Hatsun Agro Product Ltd is 19,669 Cr..

What is the current Stock Price of Hatsun Agro Product Ltd as on 11 March 2025?

The current stock price of Hatsun Agro Product Ltd as on 11 March 2025 is ₹883.

What is the High / Low of Hatsun Agro Product Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Hatsun Agro Product Ltd stocks is ₹1,400/865.

What is the Stock P/E of Hatsun Agro Product Ltd?

The Stock P/E of Hatsun Agro Product Ltd is 68.3.

What is the Book Value of Hatsun Agro Product Ltd?

The Book Value of Hatsun Agro Product Ltd is 73.3.

What is the Dividend Yield of Hatsun Agro Product Ltd?

The Dividend Yield of Hatsun Agro Product Ltd is 0.67 %.

What is the ROCE of Hatsun Agro Product Ltd?

The ROCE of Hatsun Agro Product Ltd is 13.2 %.

What is the ROE of Hatsun Agro Product Ltd?

The ROE of Hatsun Agro Product Ltd is 17.0 %.

What is the Face Value of Hatsun Agro Product Ltd?

The Face Value of Hatsun Agro Product Ltd is 1.00.