Huhtamaki India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 10:16 pm

Market Cap	2,075 Cr.
Current Price	274
High / Low	452/259
Stock P/E	23.6
Book Value	156
Dividend Yield	1.82 %
ROCE	12.5 %
ROE	13.0 %
Face Value	2.00
PEG Ratio	0.68

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Huhtamaki India Ltd

Competitors of Huhtamaki India Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Huhtamaki India Ltd	2,075 Cr.	274	452/259	23.6	156	1.82 %	12.5 %	13.0 %	2.00
Industry Average	2,075.00 Cr	274.00		23.60	156.00	1.82%	12.50%	13.00%	2.00

All Competitor Stocks of Huhtamaki India Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	663	669	662	729	793	769	693	662	622	662	604	610	639
Expenses	640	638	651	678	758	746	644	610	582	617	546	569	607
Operating Profit	23	31	11	51	34	23	49	51	40	46	58	41	32
OPM %	3%	5%	2%	7%	4%	3%	7%	8%	6%	7%	10%	7%	5%
Other Income	2	-30	2	13	6	2	-3	6	-0	3	376	8	36
Interest	6	7	8	7	8	9	9	7	10	8	6	5	5
Depreciation	24	23	23	22	22	21	21	16	12	11	11	10	12
Profit before tax	-5	-29	-18	34	11	-5	16	35	18	30	416	35	51
Tax %	-24%	-24%	-25%	28%	23%	-101%	-5%	-1%	22%	-6%	21%	26%	24%
Net Profit	-4	-22	-14	25	8	0	17	35	14	32	327	26	39
EPS in Rs	-0.46	-2.89	-1.79	3.26	1.08	0.01	2.23	4.70	1.91	4.27	43.35	3.45	5.10

Last Updated: October 18, 2024, 1:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 18, 2024, 1:39 pm

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	TTM
Sales	890	1,006	1,135	1,151	2,181	2,131	2,369	2,599	2,463	2,625	2,983	2,549	2,516
Expenses	802	907	1,033	1,030	1,931	1,911	2,146	2,305	2,228	2,515	2,825	2,354	2,339
Operating Profit	88	100	102	121	251	220	223	294	235	110	158	195	176
OPM %	10%	10%	9%	11%	11%	10%	9%	11%	10%	4%	5%	8%	7%
Other Income	8	12	16	13	15	13	17	17	8	-22	17	385	423
Interest	1	1	1	26	39	33	41	23	27	28	33	31	24
Depreciation	35	34	36	39	93	85	85	87	98	92	86	49	43
Profit before tax	61	77	81	68	133	115	114	202	118	-32	56	500	532
Tax %	27%	29%	21%	28%	39%	45%	69%	16%	18%	-28%	11%	18%
Net Profit	45	55	65	49	82	64	35	170	96	-23	50	410	424
EPS in Rs	7.18	8.70	8.89	6.75	11.21	8.42	4.62	22.52	12.71	-3.00	6.57	54.24	56.17
Dividend Payout %	36%	32%	32%	41%	27%	36%	65%	13%	24%	-33%	30%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	1%
3 Years:	1%
TTM:	-5%

Compounded Profit Growth
10 Years:	10%
5 Years:	33%
3 Years:	10%
TTM:	-13%

Stock Price CAGR
10 Years:	5%
5 Years:	2%
3 Years:	9%
1 Year:	-4%

Return on Equity
10 Years:	11%
5 Years:	11%
3 Years:	7%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:33 pm

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Jun 2024
Equity Capital	13	13	15	15	15	15	15	15	15	15	15	15	15
Reserves	342	377	549	572	495	534	541	682	750	700	742	1,135	1,162
Borrowings	22	21	19	402	435	406	403	273	295	412	410	255	258
Other Liabilities	165	187	226	298	501	480	491	544	523	680	584	596	600
Total Liabilities	542	597	809	1,288	1,446	1,435	1,451	1,514	1,583	1,807	1,751	2,001	2,036
Fixed Assets	171	158	203	186	465	437	518	486	561	537	479	483	588
CWIP	4	11	6	3	2	2	4	8	16	43	35	131	30
Investments	99	94	225	755	195	138	21	61	18	1	0	80	90
Other Assets	267	335	375	343	784	858	908	959	987	1,227	1,237	1,307	1,327
Total Assets	542	597	809	1,288	1,446	1,435	1,451	1,514	1,583	1,807	1,751	2,001	2,036

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Cash from Operating Activity +	64	33	79	136	166	96	101	285	169	-28	133	274
Cash from Investing Activity +	-53	-11	-195	-482	-0	5	-29	-88	-73	-56	-90	40
Cash from Financing Activity +	-18	-20	112	346	-150	-87	-68	-200	-74	49	-32	-211
Net Cash Flow	-7	1	-4	-1	16	13	3	-3	22	-35	11	102

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Free Cash Flow	66.00	79.00	83.00	-281.00	-184.00	-186.00	-180.00	21.00	-60.00	-302.00	-252.00	-60.00

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	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023
Debtor Days	57	67	70	69	77	90	88	87	79	88	81	79
Inventory Days	49	46	42	38	45	49	48	38	52	68	50	57
Days Payable	69	69	69	70	81	93	82	91	93	112	80	98
Cash Conversion Cycle	37	45	43	37	42	46	54	35	38	43	51	37
Working Capital Days	30	41	38	17	31	49	52	42	48	56	55	42
ROCE %	17%	18%	15%	12%	18%	16%	15%	22%	14%	2%	7%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%	67.73%
FIIs	4.30%	4.23%	3.85%	1.30%	1.03%	1.12%	1.52%	1.43%	0.89%	1.21%	1.39%	1.40%
DIIs	0.90%	0.43%	0.44%	0.50%	0.50%	0.50%	1.53%	1.25%	1.32%	1.30%	1.04%	1.40%
Public	27.07%	27.60%	27.98%	30.46%	30.72%	30.64%	29.22%	29.58%	30.06%	29.76%	29.83%	29.47%
No. of Shareholders	34,556	33,927	34,378	33,000	31,362	30,256	27,614	26,830	26,544	31,026	33,302	34,825

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
LIC MF Small Cap Fund	87,127	1.46	2.46	87,127	2024-12-23	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Dec 16	Dec 15	Dec 14	Dec 13	Dec 12
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	11.63	10.58	10.04	8.97	7.19
Diluted EPS (Rs.)	11.63	10.58	10.04	8.97	7.19
Cash EPS (Rs.)	24.71	23.28	15.45	15.92	12.88
Book Value[Excl.RevalReserv]/Share (Rs.)	96.89	87.98	80.69	65.11	59.57
Book Value[Incl.RevalReserv]/Share (Rs.)	96.89	88.36	81.07	65.55	59.57
Revenue From Operations / Share (Rs.)	299.56	280.18	168.51	173.15	143.65
PBDIT / Share (Rs.)	36.37	33.90	17.64	19.06	15.63
PBIT / Share (Rs.)	23.86	21.45	11.61	12.35	9.94
PBT / Share (Rs.)	19.28	15.90	11.19	12.88	9.85
Net Profit / Share (Rs.)	12.20	10.83	9.42	9.22	7.20
NP After MI And SOA / Share (Rs.)	11.63	10.58	9.16	8.97	7.19
PBDIT Margin (%)	12.14	12.10	10.47	11.00	10.87
PBIT Margin (%)	7.96	7.65	6.89	7.13	6.91
PBT Margin (%)	6.43	5.67	6.63	7.43	6.85
Net Profit Margin (%)	4.07	3.86	5.59	5.32	5.01
NP After MI And SOA Margin (%)	3.88	3.77	5.43	5.17	5.00
Return on Networth / Equity (%)	12.49	12.49	11.79	14.48	12.69
Return on Capital Employeed (%)	15.44	13.87	13.36	17.09	15.20
Return On Assets (%)	5.11	4.66	7.56	8.48	7.46
Long Term Debt / Equity (X)	0.60	0.70	0.06	0.10	0.09
Total Debt / Equity (X)	0.60	0.79	0.06	0.10	0.13
Asset Turnover Ratio (%)	1.32	1.06	1.54	1.68	0.00
Current Ratio (X)	1.74	1.62	2.31	1.90	1.76
Quick Ratio (X)	1.39	1.32	1.91	1.46	1.30
Inventory Turnover Ratio (X)	8.70	8.82	8.84	7.97	0.00
Dividend Payout Ratio (NP) (%)	0.00	26.46	30.56	31.22	36.15
Dividend Payout Ratio (CP) (%)	0.00	12.15	18.43	17.86	20.18
Earning Retention Ratio (%)	0.00	73.54	69.44	68.78	63.85
Cash Earning Retention Ratio (%)	0.00	87.85	81.57	82.14	79.82
Interest Coverage Ratio (X)	7.94	6.11	41.37	31.86	165.89
Interest Coverage Ratio (Post Tax) (X)	3.66	2.95	21.07	14.54	77.40
Enterprise Value (Cr.)	2164.14	2238.24	1362.09	512.51	505.66
EV / Net Operating Revenue (X)	0.99	1.10	1.11	0.47	0.56
EV / EBITDA (X)	8.18	9.08	10.62	4.29	5.16
MarketCap / Net Operating Revenue (X)	0.80	0.85	1.07	0.43	0.50
Retention Ratios (%)	0.00	73.53	69.43	68.77	63.84
Price / BV (X)	2.60	2.83	2.33	1.21	1.28
Price / Net Operating Revenue (X)	0.80	0.85	1.07	0.43	0.50
EarningsYield	0.04	0.04	0.05	0.12	0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Huhtamaki India Ltd as of December 26, 2024 is: 487.32

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 26, 2024, Huhtamaki India Ltd is Undervalued by 77.85% compared to the current share price 274.00

Intrinsic Value of Huhtamaki India Ltd as of December 26, 2024 is: 655.97

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 26, 2024, Huhtamaki India Ltd is Undervalued by 139.41% compared to the current share price 274.00

Last 5 Year EPS CAGR: 34.61%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (660.08 cr) compared to borrowings (277.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (70.08 cr) and profit (155.77 cr) over the years.	The stock has a low average ROCE of 14.00%, which may not be favorable. The stock has a high average Working Capital Days of 41.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 42.33, which may not be favorable.

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 Huhtamaki India Ltd:
1. Net Profit Margin: 4.07%
  - 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: 15.44% (Industry Average ROCE: 12.5%)
  - 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%: 12.49% (Industry Average ROE: 13%)
  - 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): 3.66
  - 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: 1.39
  - 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: 23.6 (Industry average Stock P/E: 23.6)
  - 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: 0.6
  - 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

Huhtamaki India Ltd. is a Public Limited Listed company incorporated on 19/08/1944 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L21011MH1950FLC145537 and registration number is 145537. Currently company belongs to the Industry of Packaging & Containers. Company’s Total Operating Revenue is Rs. 2625.28 Cr. and Equity Capital is Rs. 15.11 Cr. for the Year ended 31/12/2021.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	A-802, Crescenzo, Mumbai Maharashtra 400051	investor.communication@huhtamaki.com http://www.flexibles.huhtamaki.in

Management
Name	Position Held
Mr. Murali Sivaraman	Chairman & Ind.Director
Mr. Dhananjay Salunkhe	Managing Director
Mr. Jagdish Agarwal	Executive Director & CFO
Mr. Marco Hilty	Non Executive Director
Mr. Stefan Lotz	Non Executive Director
Mr. Sami Pauni	Non Executive Director
Ms. Seema Modi	Independent Director
Mr. Ashok Kumar Barat	Independent Director

FAQ

What is the latest intrinsic value of Huhtamaki India Ltd?

The latest intrinsic value of Huhtamaki India Ltd as on 26 December 2024 is ₹487.32, which is 77.85% higher than the current market price of ₹274.00. The stock has a market capitalization of 2,075 Cr. and recorded a high/low of 452/259 during the current fiscal year 2024-2025. As of Jun 2024, the company has reserves of ₹1,162 Cr and total liabilities of ₹2,036 Cr.

What is the Market Cap of Huhtamaki India Ltd?

The Market Cap of Huhtamaki India Ltd is 2,075 Cr..

What is the current Stock Price of Huhtamaki India Ltd as on 26 December 2024?

The current stock price of Huhtamaki India Ltd as on 26 December 2024 is 274.

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

In FY 2024-2025, the High / Low of Huhtamaki India Ltd stocks is 452/259.

What is the Stock P/E of Huhtamaki India Ltd?

The Stock P/E of Huhtamaki India Ltd is 23.6.

What is the Book Value of Huhtamaki India Ltd?

The Book Value of Huhtamaki India Ltd is 156.

What is the Dividend Yield of Huhtamaki India Ltd?

The Dividend Yield of Huhtamaki India Ltd is 1.82 %.

What is the ROCE of Huhtamaki India Ltd?

The ROCE of Huhtamaki India Ltd is 12.5 %.

What is the ROE of Huhtamaki India Ltd?

The ROE of Huhtamaki India Ltd is 13.0 %.

What is the Face Value of Huhtamaki India Ltd?

The Face Value of Huhtamaki India Ltd is 2.00.