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Hatsun Agro Product Limited
(HATSUN)
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Rating:67Neutral
Price Target:
₹1,318.00
▲(34.75% 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 improved profitability
The return to revenue growth alongside stronger EBITDA and net margins indicates improving operating performance after a near-flat prior year. If sustained, this combination can support reinvestment, strengthen the branded dairy platform, and improve earnings resilience over the next several quarters.
Negative Factors
Gross margin volatility
The sharp gross-margin decline shows that product economics remain sensitive to raw-milk costs, pricing, or mix. Even with stable EBITDA margins recently, recurring gross-margin swings could limit the predictability of earnings and make sustained profitability dependent on effective pricing and portfolio management.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating revenue and improved profitability
The return to revenue growth alongside stronger EBITDA and net margins indicates improving operating performance after a near-flat prior year. If sustained, this combination can support reinvestment, strengthen the branded dairy platform, and improve earnings resilience over the next several quarters.
Read all positive factors
Hatsun Agro Product Limited (HATSUN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹283.70B
Dividend Yield0.82%
Average Volume (3M)9.63K
Price to Earnings (P/E)76.3
Beta (1Y)0.54
Revenue Growth17.32%
EPS Growth25.12%
CountryIN
Employees5,222
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)15.92
Shares Outstanding222,748,260
10 Day Avg. Volume14,853
30 Day Avg. Volume9,631
Financial Highlights & Ratios
PEG Ratio2.08
Price to Book (P/B)10.58
Price to Sales (P/S)2.07
P/FCF Ratio20.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)21.9
Revenue Forecast (FY)₹109.98B
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 ran...
How the Company Makes Money
HATSUN makes money primarily by selling dairy and related products across multiple channels. Its core revenue stream is the sale of liquid milk and value-added dairy products (e.g., curd/yogurt, buttermilk, ghee, paneer, cheese-related products wh...
Hatsun Agro Product Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
66
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.59B | 99.59B | 86.84B | 79.75B | 72.28B | 63.54B |
| Gross Profit | 26.30B | 21.35B | 26.18B | 23.31B | 20.22B | 19.24B |
| EBITDA | 11.79B | 11.90B | 10.28B | 9.20B | 7.11B | 7.30B |
| Net Income | 3.55B | 3.56B | 2.79B | 2.67B | 1.66B | 2.18B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 44.43B | 48.65B | 47.35B | 37.06B | 35.42B |
| Cash, Cash Equivalents and Short-Term Investments | 511.90M | 511.90M | 710.10M | 516.72M | 402.27M | 379.25M |
| Total Debt | 0.00 | 18.38B | 25.70B | 26.98B | 17.93B | 19.39B |
| Total Liabilities | -19.45B | 24.98B | 31.47B | 31.62B | 22.65B | 24.33B |
| Stockholders Equity | 19.45B | 19.45B | 17.18B | 15.72B | 14.41B | 11.09B |
Cash Flow | ||||||
| Free Cash Flow | 8.29B | 10.08B | 7.93B | -6.07B | 2.70B | -163.25M |
| Operating Cash Flow | 10.62B | 14.47B | 14.50B | -714.57M | 7.41B | 5.76B |
| Investing Cash Flow | -2.40B | -4.37B | -8.82B | -3.88B | -4.41B | -5.65B |
| Financing Cash Flow | -8.32B | -10.18B | -5.64B | 4.74B | -3.00B | -82.22M |
Hatsun Agro Product Limited Technical Analysis
Positive
978.10
Price Trends
1004.96
Positive
965.10
Positive
951.27
Positive
Market Momentum
68.09
Negative
63.98
Neutral
65.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HATSUN, the sentiment is Positive. The current price of 978.1 is below the 20-day moving average (MA) of 1135.28, below the 50-day MA of 1004.96, and above the 200-day MA of 951.27, indicating a bullish trend. The MACD of 68.09 indicates Negative momentum. The RSI at 63.98 is Neutral, neither overbought nor oversold. The STOCH value of 65.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HATSUN.
Hatsun Agro Product Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹50.67B | 23.48 | ― | 0.84% | 30.90% | 56.57% | |
69 Neutral | ₹1.19T | 46.24 | ― | 1.81% | 6.63% | 18.70% | |
67 Neutral | ₹283.70B | 76.26 | ― | 0.82% | 17.32% | 25.12% | |
58 Neutral | ₹36.59B | 28.09 | ― | 0.61% | 11.53% | -20.83% | |
57 Neutral | ₹368.19B | 20.14 | ― | 1.77% | 19.32% | 61.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹31.62B | 25.53 | ― | 0.37% | 10.91% | 3.74% |
* General Sector Average
IN:HATSUN
Hatsun Agro Product Limited
1,214.70
315.14
35.03%
IN:BRITANNIA
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IN:HERITGFOOD
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407.95
-76.39
-15.77%
IN:PARAGMILK
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268.20
-21.11
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IN:PATANJALI
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365.00
-229.48
-38.60%
IN:VADILALIND
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7,148.65
1,597.07
28.77%
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...
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 u...
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.