Hatsun Agro Product Ltd - Stock Valuation and Financial Performance

BSE: 531531 | NSE: HATSUN | Consumer Food | Small Cap

Hatsun Agro Product Share Price

1,024.30 12.50 1.24%
as on 18-May'24 10:00

DeciZen - make an informed investing decision on Hatsun Agro Product

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Hatsun Agro Product stock performance -

mw4me loader
P/E Ratio (SA):
84.32
Market Cap:
22,537.7 Cr.
52-wk low:
856.6
52-wk high:
1,232

Is Hatsun Agro Product Ltd an attractive stock to invest in?

1. Is Hatsun Agro Product Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hatsun Agro Product Ltd is a average quality company.

2. Is Hatsun Agro Product Ltd undervalued or overvalued?

The key valuation ratios of Hatsun Agro Product Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Hatsun Agro Product Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Hatsun Agro Product Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hatsun Agro Product:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hatsun Agro Product Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 18.6%10.8%12.3%17%10.3%10.3%9.4%15.4%12.2%8.8%-
Value Creation
Index
0.3-0.2-0.10.3-0.2-0.2-0.30.10.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,4942,9333,4454,1984,2874,7605,3085,5516,3707,2477,990
Sales YoY Gr.-17.6%17.4%21.9%2.1%11%11.5%4.6%14.8%13.8%-
Adj EPS 41.82.86.54.35.55.112.511.27.312
YoY Gr.--56.3%59.7%129.5%-33.8%28.3%-7.3%145.1%-10.1%-34.9%-
BVPS (₹) 8.610.51116.617.537.141.246.550.564.770.6
Adj Net
Profit
83.636.958.813589.5120112273246162267
Cash Flow from Ops. 20161.5219433277375552518576741-
Debt/CF from Ops. 2.5103.12.14.72.72.22.732-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.6%11.1%10.9%13.8%
Adj EPS 6.8%11.3%12.7%-34.9%
BVPS25.1%30%16.2%28.1%
Share Price 22.5% 13.9% 6.4% 15.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
54.118.42646.725.120.613.128.423.112.717.7
Op. Profit
Mgn %
7.56.88.898.79.410.414.511.39.711.3
Net Profit
Mgn %
3.41.31.73.22.12.52.14.93.92.23.3
Debt to
Equity
2.82.82.92.63.61.31.31.41.510.6
Working Cap
Days
3237433941423943556129
Cash Conv.
Cycle
5111916151615222521-7

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.93%

Net Profit is growing at healthy rate in last 3 years 12.74%

Sales growth is good in last 4 quarters at 10.38%

Return on Equity has declined versus last 3 years average to 17.70%

Debt to equity has increased versus last 3 years average to 1.01

Latest Financials - Hatsun Agro Product Ltd.

Standalone Consolidated
TTM EPS (₹) 12 0.1
TTM Sales (₹ Cr.) 7,990 1,141
BVPS (₹.) 70.6 0
Reserves (₹ Cr.) 1,550 47
P/BV 14.33 0.00
PE 84.32 0.00
From the Market
52 Week Low / High (₹) 856.55 / 1231.95
All Time Low / High (₹) 1.52 / 1505.58
Market Cap (₹ Cr.) 22,538
Equity (₹ Cr.) 22.3
Face Value (₹) 1
Industry PE 66.9

Management X-Ray of Hatsun Agro Product:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hatsun Agro Product

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,4942,9333,4454,1984,2874,7605,3085,5516,3707,247
Operating Expenses 2,3162,7353,1403,8203,9164,3194,7584,7495,6496,546
Manufacturing Costs174206240252231309380362481535
Material Costs1,8502,1842,4893,0493,0843,3433,7613,7924,4085,183
Employee Cost 7693110127141156168185210224
Other Costs 216252301392460511449411550603
Operating Profit 178198305378372441550802721701
Operating Profit Margin (%) 7.1%6.8%8.8%9.0%8.7%9.3%10.4%14.4%11.3%9.7%
Other Income 965786961011
Interest 416368708886106108107126
Depreciation 6594107143174201296295311362
Exceptional Items 0000000000
Profit Before Tax 8147134172119161156404314225
Tax 0873362846441316559
Profit After Tax 82396013591115112274248166
PAT Margin (%) 3.3%1.3%1.8%3.2%2.1%2.4%2.1%4.9%3.9%2.3%
Adjusted EPS (₹)3.91.92.96.54.35.35.112.511.37.5
Dividend Payout Ratio (%)33%50%72%45%67%56%86%63%52%81%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1792212313493668059041,0221,1091,441
Share Capital 11111115151616222222
Reserves 1692112203333507898881,0001,0871,418
Minority Interest0000000000
Debt3964735196901,0097379111,1021,3551,168
Long Term Debt245282230369542502614536784780
Short Term Debt150192289320467234297566571388
Trade Payables91109137170171178142140147184
Others Liabilities 1782522713794865277578541,2901,382
Total Liabilities 8441,0561,1571,5882,0322,2462,7143,1173,9014,175

Fixed Assets

Gross Block7961,0171,1321,0911,4451,8262,4352,8683,5634,046
Accumulated Depreciation2923854851002284186799391,1531,431
Net Fixed Assets5046326479911,2171,4081,7561,9292,4102,615
CWIP 106233390259233355384237254
Investments 110000081421
Inventories89259347297384403374570609576
Trade Receivables221315417815988
Cash Equivalents 11242955333645394042
Others Assets11210586113132157171177584660
Total Assets 8441,0561,1571,5882,0322,2462,7143,1173,9014,175

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20162219433277375552518576741
PBT 8147134172119161156364275225
Adjustment 103153171210255283398418424478
Changes in Working Capital 39-128-5489-65-3523-169-17103
Tax Paid -24-11-33-37-31-35-25-95-106-64
Cash Flow From Investing Activity -212-124-134-569-523-343-537-418-565-441
Capex -236-125-135-571-526-342-540-413-570-434
Net Investments 0010000-8-5-6
Others 240123033100
Cash Flow From Financing Activity 1376-79162223-31-7-106-8-300
Net Proceeds from Shares 03000041810500297
Net Proceeds from Borrowing 0000000000
Interest Paid -44-63-66-70-84-84-102-114-108-128
Dividend Paid -31-7-56-18-61-94-116-129-129-129
Others 8811644251367-272106137229-340
Net Cash Flow 113626-2318-730
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)52.9319.6126.8946.8125.4419.6313.1428.4123.3113.01
ROCE (%)20.2814.723.3122.314.0714.1213.3322.5815.9912.29
Asset Turnover Ratio3.263.093.123.062.372.232.141.91.821.79
PAT to CFO Conversion(x)2.451.593.653.213.043.264.931.892.324.46
Working Capital Days
Receivable Days5212211100
Inventory Days15223228293027313430
Payable Days17171818201916141212

Hatsun Agro Product Ltd Stock News

Hatsun Agro Product Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hatsun Agro Product on 18-May-2024 10:00 is ₹1,024.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 10:00 the market cap of Hatsun Agro Product stood at ₹22,537.7.
The latest P/E ratio of Hatsun Agro Product as of 18-May-2024 10:00 is 84.32.
The latest P/B ratio of Hatsun Agro Product as of 18-May-2024 10:00 is 14.33.
The 52-week high of Hatsun Agro Product is ₹1,232 and the 52-week low is ₹856.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hatsun Agro Product is ₹7,990 ( Cr.) .

About Hatsun Agro Product Ltd

Hatsun Agro Product Limited is based in South India and was incorporated in 1970. R.G.Chandramogan is the founder of this company. Hatsun started marketing fresh milk in pouches from 1993 and manufacturing dairy ingredients from 2003. It is located at 5-A,Vijayaraghava road,T.Nagar,Chennai - 600 017 Tamilnadu, India.

Business

Hatsun is the largest private sector dairy company in India and hence has a distinct advantage of dealing in cow's milk. In 1970, Hatsun began with the pioneering effort of producing Arun ice cream, which still continues to be the most popular ice cream brand in South India.

The company procures around 1.65 million liters of liquid milk per day by directly collecting it from farmers spread over 4500 villages in south India. It has its own infrastructure of milk collection centre and chilling centre for procuring and handling of raw milk. Over 350 field's staffs are employed to ensure timely collection, testing of milk at the point of collection, weekly payment; cattle feed sales, encouraging farmers to grow their herd size, bank loans, animal insurance, training farmers on a better animal management and clean milking. It is having high-tech processing plants operating at 7 locations.

This is the only company in India using Bactofuge Technology (from West Falia-Germany) to clarify liquid milk.

In 2012 Hatsun Agro Product started selling of new range of Ice Creams under the Brand name ''IBACO''

In 2013 Hatsun Agro acquired Jyothi Dairy for Rs.65 crore

Hatsun products:

  • Ice cream -  Arun ICECREAM ,Make Your Own Sunday, Arun Unlimited
  • Milk Products - Hatsun Cooking Butter , Hatsun Cow Ghee , Hatsun Butter Milk , Hutsun Curd , Hutsun Panner
  • Beverages - Aaros Milk/ Badam Milk, Aaros Tea/ Masala Tea , Aaros Coffee Aaros Ragi
  • Diary Ingredients

Certifications:

  • ISO 22000:2005
  • ISO 9001:2000
  • ISO 14001:2004
  • ISO 15000:1998
  • HACCP certified manufacturing facilities
  • Export Inspection Council
  • Kosher Certificate
  • HALAL
  • USFDA
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