Hatsun Agro Product Limited (HATSUN) AI Stock Analysis

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Hatsun Agro Product Limited

(NSE:HATSUN)

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Rating:67Neutral

Price Target:INR 1,231.00▲(21.42% Upside)

Action:reiterated

Date:08/21/26

The score is driven primarily by improving financial performance (better growth, profitability, deleveraging, and strong recent free cash flow) and supportive technical momentum (price above key moving averages with positive MACD). These positives are tempered by expensive valuation (high P/E) and margin/cash-flow volatility risks.

Positive Factors

Reaccelerating Revenue and ProfitabilityReaccelerating revenue alongside improved EBITDA and net margins indicates stronger operating execution after a near-flat prior year. If sustained, this combination can support reinvestment, reinforce the company’s branded dairy position, and improve earnings capacity over the next several quarters.

Negative Factors

Gross Margin VolatilityThe sharp gross-margin decline shows that profitability remains exposed to changes in input costs, product mix, and pricing realization. Even with EBITDA improvement, recurring margin swings can make earnings less predictable and may limit the company’s ability to consistently convert revenue growth into durable profit expansion.

Hatsun Agro Product Limited (HATSUN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 222.95B
Dividend Yield: 0.99%
Average Volume (3M): 8,826
Price to Earnings (P/E): 62.6
Beta (1Y): 0.67
Revenue Growth: 17.90%
EPS Growth: 9.78%
Country: India
Employees: 5,222
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Hatsun Agro Product Limited Business Overview & Revenue Model

Company Description

Hatsun Agro Product Limited, established in 1970 and headquartered in Chennai, India, is a leading manufacturer and marketer primarily focused on ice creams, various dairy products, and animal feed within India. The company's extensive product range...

How the Company Makes Money

HATSUN makes money primarily by manufacturing and selling dairy products across multiple channels. A core revenue stream is the sale of liquid milk (typically sold in pouches and other packs) where the company earns a margin between procurement costs...

Hatsun Agro Product Limited Financial Statement Overview

Summary

Recent fundamentals are constructive: revenue growth re-accelerated in FY2026 (7.6%), profitability improved with EBITDA margin ~11–12% and net margin rising to ~3.6%, leverage declined materially (debt-to-equity ~0.95), and free cash flow strengthened to ~10.1bn in FY2026. Offsetting factors are notable gross margin volatility (down to ~21% in FY2026 vs ~30% in FY2025) and evidence of cash-flow volatility (negative OCF/FCF in FY2024).

Income Statement

70Positive

Balance Sheet

66Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	109.29B	99.59B	86.84B	79.75B	72.28B	63.54B
Gross Profit	27.02B	21.35B	26.18B	23.31B	20.22B	19.24B
EBITDA	11.81B	11.90B	10.28B	9.20B	7.11B	7.30B
Net Income	3.61B	3.56B	2.79B	2.67B	1.66B	2.18B
Balance Sheet
Total Assets	44.52B	44.43B	48.65B	47.35B	37.06B	35.42B
Cash, Cash Equivalents and Short-Term Investments	397.40M	511.90M	710.10M	516.72M	402.27M	379.25M
Total Debt	17.94B	18.38B	25.70B	26.98B	17.93B	19.39B
Total Liabilities	24.78B	24.98B	31.47B	31.62B	22.65B	24.33B
Stockholders Equity	19.73B	19.45B	17.18B	15.72B	14.41B	11.09B
Cash Flow
Free Cash Flow	0	10.08B	7.93B	-6.07B	2.70B	-163.25M
Operating Cash Flow	0	14.47B	14.50B	-714.57M	7.41B	5.76B
Investing Cash Flow	0	-4.37B	-8.82B	-3.88B	-4.41B	-5.65B
Financing Cash Flow	0	-10.18B	-5.64B	4.74B	-3.00B	-82.22M

Hatsun Agro Product Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price1013.85

Price Trends

50DMA1113.62Negative

100DMA1028.23Negative

200DMA973.06Positive

Market Momentum

MACD-17.97Negative

RSI41.72Neutral

STOCH56.21Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HATSUN, the sentiment is Negative. The current price of 1013.85 is below the 20-day moving average (MA) of 1049.28, below the 50-day MA of 1113.62, and above the 200-day MA of 973.06, indicating a neutral trend. The MACD of -17.97 indicates Negative momentum. The RSI at 41.72 is Neutral, neither overbought nor oversold. The STOCH value of 56.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HATSUN.

Hatsun Agro Product Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HATSUN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:VADILALIND	73Outperform	INR 50.36B	20.49	―	0.88%	35.53%	78.98%
IN:BRITANNIA	69Neutral	INR 1.16T	42.85	―	1.90%	9.73%	15.27%
IN:HATSUN	67Neutral	INR 236.25B	62.55	―	0.99%	17.90%	9.78%
IN:PARAGMILK	63Neutral	INR 40.87B	32.89	―	0.33%	13.13%	-10.08%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PATANJALI	54Neutral	INR 469.27B	23.23	―	1.54%	19.32%	61.42%
IN:HERITGFOOD	49Neutral	INR 35.87B	30.89	―	0.65%	13.91%	-33.37%

* General Sector Average

Performance Comparison

IN:HATSUN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HATSUN	Hatsun Agro Product Limited	1013.85	-47.31	-4.46%
IN:BRITANNIA	Britannia Industries Ltd	4755.00	-977.13	-17.05%
IN:HERITGFOOD	Heritage Foods Limited	385.35	-92.29	-19.32%
IN:PARAGMILK	Parag Milk Foods Ltd.	331.10	-18.98	-5.42%
IN:PATANJALI	Patanjali Foods Limited	421.00	-160.30	-27.58%
IN:VADILALIND	Vadilal Industries Limited	6833.70	1724.91	33.76%

Hatsun Agro Product Limited Corporate Events

Hatsun Agro Notifies Shareholders of 41st AGM via Email and Newspaper Ads

Aug 29, 2026

Hatsun Agro Product Limited has notified shareholders that the notice of its 41st Annual General Meeting (AGM) has been sent to their registered email addresses, in line with the disclosure and communication requirements under SEBI’s Listing Obligati...

Arun Icecreams Showcases Global Push With New York India Day Parade Debut

Aug 17, 2026

Hatsun Agro Product Ltd.’s flagship brand Arun Icecreams has marked its debut at the New York India Day Parade 2026 on Madison Avenue, underscoring the brand’s push beyond its strong South Indian base into global markets. The company used a dedicated...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 21, 2026

Hatsun Agro Product Limited AI Stock Analysis