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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hatsun Agro Product Ltd

About the Company - Hatsun Agro Product Ltd

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. K S ThanarajanNon Executive Director
Mr. P VaidyanathanNon Executive Director
Mr. D SathyanarayanNon Executive Director
Mr. Balaji TammineediIndependent Director
Mr. B ThenamuthanIndependent Director
Mr. S SubramanianIndependent Director
Mr. V Rajendran MuthuIndependent Director
Dr. Chalini MadhivananIndependent Woman Director

Basic Stock Data of Hatsun Agro Product Ltd

Last Updated: June 25, 2024, 10:51 pm

Market Cap 23,678 Cr.
Current Price 1,061
High / Low1,233/911
Stock P/E88.6
Book Value 70.6
Dividend Yield0.57 %
ROCE13.6 %
ROE17.7 %
Face Value 1.00
PEG Ratio5.78

Hatsun Agro Product Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,3271,3951,5631,5391,6281,5771,6262,0151,7481,6951,7892,1511,905
Expenses1,1331,1881,3741,3631,4131,4101,4671,8361,5711,5051,6331,9131,687
Operating Profit194207189176215167159178177190156238219
OPM %15%15%12%11%13%11%10%9%10%11%9%11%11%
Other Income2121-5-3-105302214
Interest28292627262628283236303432
Depreciation757874747777838590929697100
Profit before tax931019176107613971586333109101
Tax %29%33%37%24%24%22%23%26%27%26%24%27%23%
Net Profit66675758824830524246258078
EPS in Rs2.953.022.572.623.692.151.332.331.912.081.123.603.48

Hatsun Agro Product Ltd Quarterly Chart

Hatsun Agro Product Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6042,1652,4942,9333,4454,1984,2874,7605,3085,5516,3707,2477,541
Expenses1,4942,0172,3162,7353,1403,8203,9164,3124,7584,7495,6496,5466,737
Operating Profit109148178198305378372448550802721701803
OPM %7%7%7%7%9%9%9%9%10%14%11%10%11%
Other Income3496578-19-22-211118
Interest3844416368708886106108107126131
Depreciation42506594107143174201296295311362384
Profit before tax32578147134172119161156377283225306
Tax %17%21%-0%17%55%21%23%29%28%35%23%26%
Net Profit274582396013591115112246218166229
EPS in Rs1.202.023.701.762.726.084.085.155.0411.069.787.4510.28
Dividend Payout %53%41%33%50%72%45%67%56%58%70%59%81%

Hatsun Agro Product Ltd Profit & Loss Yearly Chart

Hatsun Agro Product Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:13%
TTM:10%
Compounded Profit Growth
10 Years:13%
5 Years:17%
3 Years:3%
TTM:66%
Stock Price CAGR
10 Years:23%
5 Years:16%
3 Years:7%
1 Year:16%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:17%
Last Year:18%

Last Updated: June 18, 2024, 9:49 am

Hatsun Agro Product Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111515161622222222
Reserves971191692112203333507898881,0001,0871,4181,443
Borrowings3414024946146729191,2991,0281,4341,6221,9391,7931,973
Other Liabilities120155171220255320367413376474494517472
Total Liabilities5686878441,0561,1571,5882,0322,2462,7143,1173,5423,7513,911
Fixed Assets3613925046326479911,2171,4081,7561,9292,4102,6152,609
CWIP845106233390259233355384237254196
Investments0111000008142123
Other Assets1992502333994775065566056047958818611,083
Total Assets5686878441,0561,1571,5882,0322,2462,7143,1173,5423,7513,911

Hatsun Agro Product Ltd Reserves and Borrowings Chart

Hatsun Agro Product Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5214320162219433277375552518576741
Cash from Investing Activity -47-143-212-124-134-569-523-343-537-418-565-441
Cash from Financing Activity -411376-79162223-31-7-106-8-300
Net Cash Flow00113626-2318-730

Hatsun Agro Product Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days273224111100
Inventory Days432517435136454436555041
Days Payable181918182020201914131213
Cash Conversion Cycle26133273219262524423928
Working Capital Days4-1-11-06-14-15-1210192014
ROCE %17%20%19%14%23%22%14%15%13%21%15%11%

Hatsun Agro Product Ltd Financial Efficiency Indicators Chart

Hatsun Agro Product Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.07%74.12%74.12%74.26%74.26%73.00%73.00%73.11%73.11%73.11%73.11%73.15%
FIIs3.53%4.36%4.33%4.25%4.23%4.17%4.18%4.06%4.07%3.04%2.90%2.86%
DIIs6.68%6.85%6.80%6.67%6.62%8.15%8.25%8.40%8.54%9.54%9.70%9.81%
Public15.73%14.67%14.76%14.81%14.89%14.68%14.57%14.43%14.28%14.32%14.28%14.18%
No. of Shareholders24,57225,40729,69430,64932,68031,67430,49029,96529,63026,36526,38225,541

Hatsun Agro Product Ltd Shareholding Pattern Chart

No. of Hatsun Agro Product Ltd Shareholders

Hatsun Agro Product Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Focused Equity Fund8,786,6803.39993.07805,9732024-06-24990.2%
SBI Small Cap Fund2,941,5541.57332.45805,9732024-06-24264.97%
DSP Mid Cap Fund2,810,7932.2317.68805,9732024-06-24248.75%
SBI Large & Midcap Fund1,475,7941.07166.79805,9732024-06-2483.11%
Sundaram Mid Cap Fund962,4801.28108.78805,9732024-06-2419.42%
Sundaram Mid Cap Fund - Institutional Plan962,4801.28108.78805,9732024-06-2419.42%
SBI Magnum Midcap Fund879,5860.7599.41805,9732024-06-249.13%
DSP Equity Opportunities Fund805,9731.0391.09805,9732024-06-240%
SBI Magnum Childrens Benefit Fund - Investment Plan689,8416.1377.97805,9732024-06-24-14.41%
SBI Conservative Hybrid Fund326,3520.435.72805,9732024-06-24-59.51%

Hatsun Agro Product Ltd ROCE Trend

Hatsun Agro Product Ltd EPS Trend

Hatsun Agro Product Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.5410.0511.436.997.19
Diluted EPS (Rs.)7.5410.0511.436.947.19
Cash EPS (Rs.)23.6724.5225.8025.2819.74
Book Value[Excl.RevalReserv]/Share (Rs.)64.6751.4347.3855.9350.35
Book Value[Incl.RevalReserv]/Share (Rs.)64.6751.4347.3855.9350.35
Dividend / Share (Rs.)6.006.008.004.004.00
Revenue From Operations / Share (Rs.)325.29295.47258.33328.26297.87
PBDIT / Share (Rs.)31.9633.9136.3934.5528.00
PBIT / Share (Rs.)15.7319.5022.0116.2215.45
PBT / Share (Rs.)10.0814.5516.899.6710.09
Net Profit / Share (Rs.)7.4410.1111.436.947.19
PBDIT Margin (%)9.8211.4714.0810.529.40
PBIT Margin (%)4.836.598.524.945.18
PBT Margin (%)3.094.926.532.943.38
Net Profit Margin (%)2.283.424.422.112.41
Return on Networth / Equity (%)11.5119.6524.1112.4114.27
Return on Capital Employeed (%)13.7019.8126.6614.9218.32
Return On Assets (%)4.426.157.904.135.11
Long Term Debt / Equity (X)0.540.700.520.670.62
Total Debt / Equity (X)1.001.541.081.010.91
Asset Turnover Ratio (%)1.991.911.912.142.23
Current Ratio (X)0.630.560.530.520.60
Quick Ratio (X)0.150.130.110.120.15
Inventory Turnover Ratio (X)8.667.388.389.488.36
Dividend Payout Ratio (NP) (%)77.9859.3552.5085.7267.57
Dividend Payout Ratio (CP) (%)24.5224.4623.2523.5424.60
Earning Retention Ratio (%)22.0240.6547.5014.2832.43
Cash Earning Retention Ratio (%)75.4875.5476.7576.4675.40
Interest Coverage Ratio (X)5.656.867.105.285.22
Interest Coverage Ratio (Post Tax) (X)2.323.333.232.062.34
Enterprise Value (Cr.)20296.1224774.6716684.089145.6711961.22
EV / Net Operating Revenue (X)2.803.893.001.722.51
EV / EBITDA (X)28.5133.8921.2716.3726.73
MarketCap / Net Operating Revenue (X)2.613.632.801.562.37
Retention Ratios (%)22.0140.6447.4914.2732.42
Price / BV (X)13.1120.8415.299.1513.99
Price / Net Operating Revenue (X)2.613.632.801.562.37
EarningsYield0.010.010.010.010.01

Hatsun Agro Product Ltd Profitability Ratios (%)

Hatsun Agro Product Ltd Liquidity Ratios

Hatsun Agro Product Ltd Liquidity Ratios (%)

Hatsun Agro Product Ltd Interest Coverage Ratios (%)

Hatsun Agro Product Ltd Valuation Ratios

Fair Value

Fair Value: 1,113.47

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.

Undervalued: 4.95% compared to the current price 1061

Intrinsic Value: 1,284.08

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 21.03% compared to the current price ₹1061

Last 5 Year EPS CAGR: 15.32%

*Investments are subject to market risks

Strength and Weakness of Hatsun Agro Product Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 1.67, which is a positive sign.
  3. The company has shown consistent growth in sales (4.00 cr) and profit (165.38 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 25.33, which may not be favorable.
  2. The company has higher borrowings (1,117.69) compared to reserves (624.92), which may suggest financial risk.

Additional content added through batch update

FAQ

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

The latest fair value of Hatsun Agro Product Ltd is ₹1113.47.

What is the Market Cap of Hatsun Agro Product Ltd?

The Market Cap of Hatsun Agro Product Ltd is 23,678 Cr..

What is the current Stock Price of Hatsun Agro Product Ltd as on 25 June 2024?

The current stock price of Hatsun Agro Product Ltd as on 25 June 2024 is ₹1,061.

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

In FY 2024, the High / Low of Hatsun Agro Product Ltd stocks is 1,233/911.

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

The Stock P/E of Hatsun Agro Product Ltd is 88.6.

What is the Book Value of Hatsun Agro Product Ltd?

The Book Value of Hatsun Agro Product Ltd is 70.6.

What is the Dividend Yield of Hatsun Agro Product Ltd?

The Dividend Yield of Hatsun Agro Product Ltd is 0.57 %.

What is the ROCE of Hatsun Agro Product Ltd?

The ROCE of Hatsun Agro Product Ltd is 13.6 %.

What is the ROE of Hatsun Agro Product Ltd?

The ROE of Hatsun Agro Product Ltd is 17.7 %.

What is the Face Value of Hatsun Agro Product Ltd?

The Face Value of Hatsun Agro Product Ltd 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 Hatsun Agro Product Ltd. 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