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Last Updated: April 2, 2026, 3:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 509820 | NSE: HUHTAMAKI

Huhtamaki India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹135.10Overvalued by 16.09%vs CMP ₹161.00

P/E (10.4) × ROE (9.8%) × BV (₹163.00) × DY (1.24%)

₹237.40Undervalued by 47.45%vs CMP ₹161.00
MoS: +32.2% (Strong)Confidence: 56/100 (Moderate)Models: 6 Under, 3 Fair
ModelCategoryValueWeightSignal
PE-ROEEarnings₹245.0923%Under (+52.2%)
Graham NumberEarnings₹239.5817%Under (+48.8%)
Earnings PowerEarnings₹158.2611%Fair (-1.7%)
DCFCash Flow₹362.6911%Under (+125.3%)
Net Asset ValueAssets₹162.457%Fair (+0.9%)
EV/EBITDAEnterprise₹237.089%Under (+47.3%)
Earnings YieldEarnings₹156.507%Fair (-2.8%)
ROCE CapitalReturns₹230.709%Under (+43.3%)
Revenue MultipleRevenue₹326.096%Under (+102.5%)
Consensus (9 models)₹237.40100%Undervalued
Key Drivers: EPS CAGR 81.4% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 81.4%

*Investments are subject to market risks

Investment Snapshot

61
Huhtamaki India Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 13.0% GoodROE 9.8% AverageD/E 0.13 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 67.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 7% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): -2% YoY FlatProfit (4Q): +33% YoY StrongOPM: 9.0% (up 5.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 10.4 vs industry 12.6 In-lineROCE 13.0% vs industry 12.9% Average3Y sales CAGR: -6% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:04 am

Market Cap 1,219 Cr.
Current Price 161
Intrinsic Value₹237.40
High / Low 273/149
Stock P/E10.4
Book Value 163
Dividend Yield1.24 %
ROCE13.0 %
ROE9.84 %
Face Value 2.00
PEG Ratio0.13

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

View Share Price Target for Huhtamaki India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Huhtamaki India Ltd 1,219 Cr. 161 273/14910.4 1631.24 %13.0 %9.84 % 2.00
HCP Plastene Bulkpack Ltd 177 Cr. 166 216/88.88.84 63.40.60 %13.2 %17.5 % 10.0
Time Technoplast Ltd 8,270 Cr. 168 249/15318.5 61.60.75 %17.4 %14.2 % 1.00
Flexituff Ventures International Ltd 21.0 Cr. 6.39 44.0/6.04 7.080.00 %8.07 %% 10.0
Industry Average3,222.00 Cr125.3512.5873.770.65%12.92%13.85%5.75

All Competitor Stocks of Huhtamaki India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 693662622662604610639652619610612625623
Expenses 644610582617546569607634593571570569568
Operating Profit 49514046584132182639435554
OPM % 7%8%6%7%10%7%5%3%4%6%7%9%9%
Other Income -360337683615612798
Interest 97108655533338
Depreciation 21161211111012121413131314
Profit before tax 163518304163551161535334941
Tax % -5%-1%22%-6%21%26%24%26%23%25%25%25%26%
Net Profit 173514323272639121226253730
EPS in Rs 2.234.701.914.2743.353.455.101.551.553.463.304.874.01

Last Updated: March 4, 2026, 9:15 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:46 am

MetricDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales 1,1351,1512,1812,1312,3692,5992,4632,6252,9832,5492,5212,469
Expenses 1,0331,0301,9311,9112,1462,3052,2282,5152,8252,3542,4032,279
Operating Profit 102121251220223294235110158195118191
OPM % 9%11%11%10%9%11%10%4%5%8%5%8%
Other Income 1613151317178-22173856536
Interest 12639334123272833311817
Depreciation 363993858587989286494752
Profit before tax 8168133115114202118-3256500117158
Tax % 21%28%39%45%69%16%18%-28%11%18%25%25%
Net Profit 654982643517096-235041088118
EPS in Rs 8.896.7511.218.424.6222.5212.71-3.006.5754.2411.6515.65
Dividend Payout % 32%41%27%36%65%13%24%-33%30%9%17%0%

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:8%
5 Years:-1%
3 Years:-1%
TTM:-1%
Compounded Profit Growth
10 Years:0%
5 Years:-18%
3 Years:195%
TTM:-33%
Stock Price CAGR
10 Years:-1%
5 Years:-2%
3 Years:4%
1 Year:-42%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:8%
Last Year:5%

Last Updated: September 5, 2025, 6:35 am

Balance Sheet

Last Updated: July 25, 2025, 3:04 pm

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jun 2025
Equity Capital 13151515151515151515151515
Reserves 3775495724955345416827507007421,1351,1781,215
Borrowings 2119402435406403273295412410255149149
Other Liabilities 187226298501480491544523680584596595594
Total Liabilities 5978091,2881,4461,4351,4511,5141,5831,8071,7512,0011,9371,973
Fixed Assets 158203186465437518486561537479483598619
CWIP 116322481643351314031
Investments 942257551951382161181080151125
Other Assets 3353753437848589089599871,2271,2371,3071,1481,197
Total Assets 5978091,2881,4461,4351,4511,5141,5831,8071,7512,0011,9371,973

Reserves and Borrowings Chart

Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity + 7913616696101285169-28133274142238
Cash from Investing Activity + -195-482-05-29-88-73-56-9040-77-156
Cash from Financing Activity + 112346-150-87-68-200-7449-32-211-161-36
Net Cash Flow -4-116133-322-3511102-9646
Free Cash Flow 91091433439229126-1044118281184
CFO/OP 91%128%90%66%78%117%91%-12%92%154%117%120%

Free Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Free Cash Flow83.00-281.00-184.00-186.00-180.0021.00-60.00-302.00-252.00-60.00-31.00191.00

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

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Debtor Days 677069779088877988817983
Inventory Days 464238454948385268505752
Days Payable 69697081938291931128098100
Cash Conversion Cycle 454337424654353843513735
Working Capital Days 413817314951192934344141
ROCE %18%15%12%18%16%15%22%14%2%7%12%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 1.12%1.52%1.43%0.89%1.21%1.39%1.40%1.19%1.16%1.10%0.90%1.12%
DIIs 0.50%1.53%1.25%1.32%1.30%1.04%1.40%1.28%1.08%0.63%0.39%1.12%
Public 30.64%29.22%29.58%30.06%29.76%29.83%29.48%29.80%30.02%30.53%30.98%30.03%
No. of Shareholders 30,25627,61426,83026,54431,02633,30234,82535,58835,25635,91335,72635,356

Shareholding Pattern Chart

No. of Shareholders

Huhtamaki India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Retirement Savings Fund - Hybrid Equity 375,000 0.4 6.76294,0702025-12-15 07:55:3427.52%
ICICI Prudential Childrens Fund 134,123 0.18 2.42127,3882026-01-26 05:56:475.29%
HDFC Retirement Savings Fund - Hybrid Debt 15,000 0.18 0.28N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 16Dec 15Dec 14Dec 13Dec 12
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 11.6310.5810.048.977.19
Diluted EPS (Rs.) 11.6310.5810.048.977.19
Cash EPS (Rs.) 24.7123.2815.4515.9212.88
Book Value[Excl.RevalReserv]/Share (Rs.) 96.8987.9880.6965.1159.57
Book Value[Incl.RevalReserv]/Share (Rs.) 96.8988.3681.0765.5559.57
Revenue From Operations / Share (Rs.) 299.56280.18168.51173.15143.65
PBDIT / Share (Rs.) 36.3733.9017.6419.0615.63
PBIT / Share (Rs.) 23.8621.4511.6112.359.94
PBT / Share (Rs.) 19.2815.9011.1912.889.85
Net Profit / Share (Rs.) 12.2010.839.429.227.20
NP After MI And SOA / Share (Rs.) 11.6310.589.168.977.19
PBDIT Margin (%) 12.1412.1010.4711.0010.87
PBIT Margin (%) 7.967.656.897.136.91
PBT Margin (%) 6.435.676.637.436.85
Net Profit Margin (%) 4.073.865.595.325.01
NP After MI And SOA Margin (%) 3.883.775.435.175.00
Return on Networth / Equity (%) 12.4912.4911.7914.4812.69
Return on Capital Employeed (%) 15.4413.8713.3617.0915.20
Return On Assets (%) 5.114.667.568.487.46
Long Term Debt / Equity (X) 0.600.700.060.100.09
Total Debt / Equity (X) 0.600.790.060.100.13
Asset Turnover Ratio (%) 1.321.061.541.680.00
Current Ratio (X) 1.741.622.311.901.76
Quick Ratio (X) 1.391.321.911.461.30
Inventory Turnover Ratio (X) 8.708.828.847.970.00
Dividend Payout Ratio (NP) (%) 0.0026.4630.5631.2236.15
Dividend Payout Ratio (CP) (%) 0.0012.1518.4317.8620.18
Earning Retention Ratio (%) 0.0073.5469.4468.7863.85
Cash Earning Retention Ratio (%) 0.0087.8581.5782.1479.82
Interest Coverage Ratio (X) 7.946.1141.3731.86165.89
Interest Coverage Ratio (Post Tax) (X) 3.662.9521.0714.5477.40
Enterprise Value (Cr.) 2164.142238.241362.09512.51505.66
EV / Net Operating Revenue (X) 0.991.101.110.470.56
EV / EBITDA (X) 8.189.0810.624.295.16
MarketCap / Net Operating Revenue (X) 0.800.851.070.430.50
Retention Ratios (%) 0.0073.5369.4368.7763.84
Price / BV (X) 2.602.832.331.211.28
Price / Net Operating Revenue (X) 0.800.851.070.430.50
EarningsYield 0.040.040.050.120.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 2469.41 Cr. and Equity Capital is Rs. 15.11 Cr. for the Year ended 31/12/2025.
INDUSTRYADDRESSCONTACT
Packaging & Containers7th Floor, Bellona, The Walk, Hiranandani Estate, Thane Maharashtra 400607Contact not found
Management
NamePosition Held
Mr. Murali SivaramanChairman & Ind.Director
Mr. Dhananjay SalunkheManaging Director
Mr. Jagdish AgarwalExecutive Director & CFO
Mr. Sami PauniNon Executive Director
Mr. Stefan LotzNon Executive Director
Ms. Seema ModiIndependent Director
Mr. Ashok Kumar BaratIndependent Director

FAQ

What is the intrinsic value of Huhtamaki India Ltd and is it undervalued?

As of 18 April 2026, Huhtamaki India Ltd's intrinsic value is ₹237.40, which is 47.45% higher than the current market price of ₹161.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.84 %), book value (₹163), dividend yield (1.24 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Huhtamaki India Ltd?

Huhtamaki India Ltd is trading at ₹161.00 as of 18 April 2026, with a FY2026-2027 high of ₹273 and low of ₹149. The stock is currently near its 52-week low. Market cap stands at ₹1,219 Cr..

How does Huhtamaki India Ltd's P/E ratio compare to its industry?

Huhtamaki India Ltd has a P/E ratio of 10.4, which is below the industry average of 12.58. This is broadly in line with or below the industry average.

Is Huhtamaki India Ltd financially healthy?

Key indicators for Huhtamaki India Ltd: ROCE of 13.0 % is moderate. Dividend yield is 1.24 %.

Is Huhtamaki India Ltd profitable and how is the profit trend?

Huhtamaki India Ltd reported a net profit of ₹118 Cr in Dec 2025 on revenue of ₹2,469 Cr. Compared to ₹50 Cr in Dec 2022, the net profit shows an improving trend.

Does Huhtamaki India Ltd pay dividends?

Huhtamaki India Ltd has a dividend yield of 1.24 % at the current price of ₹161.00. The company pays dividends, though the yield is modest.

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 Huhtamaki India 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
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