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Hindustan Foods Ltd.
(HNDFDS)
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Rating:55Neutral
Price Target:
₹661.00
▲(14.39% Upside)
Action:Reiterated
Date:08/23/26
The score is held back primarily by weak cash conversion (sharp operating cash flow decline and consistently negative free cash flow) and a high valuation (P/E ~49.9). These are partially offset by strong top-line scaling and positive technical momentum with the stock trading above key moving averages and a positive MACD, though momentum appears stretched.
Positive Factors
Revenue Scaling
The substantial multi-year revenue increase indicates expanding production volumes and customer demand. Continued scale can strengthen plant utilization, procurement efficiency and the company’s relevance to branded FMCG clients over the medium term.
Negative Factors
Weak Cash Conversion
Persistent negative free cash flow and the sharp operating cash flow decline indicate that accounting profits are not translating into liquidity. Working-capital needs or investment spending may require external funding, limiting financial flexibility during growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
The substantial multi-year revenue increase indicates expanding production volumes and customer demand. Continued scale can strengthen plant utilization, procurement efficiency and the company’s relevance to branded FMCG clients over the medium term.
Read all positive factors
Hindustan Foods Ltd. (HNDFDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹74.63B
Dividend YieldN/A
Average Volume (3M)8.85K
Price to Earnings (P/E)47.2
Beta (1Y)0.85
Revenue Growth17.98%
EPS Growth33.09%
CountryIN
Employees1,304
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)12.93
Shares Outstanding121,162,704
10 Day Avg. Volume11,051
30 Day Avg. Volume8,854
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)5.28
Price to Sales (P/S)1.45
P/FCF Ratio-19.67
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)16.85
Revenue Forecast (FY)₹50.32B
Hindustan Foods Ltd. Business Overview & Revenue Model
Company Description
Hindustan Foods Limited, founded in 1984 and based in Mumbai, India, operates primarily as a contract manufacturer for the fast-moving consumer goods (FMCG) sector across India. The company boasts a diverse production capability spanning numerous ...
How the Company Makes Money
Hindustan Foods primarily makes money by providing contract manufacturing services to branded FMCG companies. Its revenue model is largely B2B and is driven by (1) manufacturing and supplying finished goods for clients under long-term or ongoing s...
Hindustan Foods Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
31
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.61B | 42.51B | 35.64B | 27.55B | 20.35B | 14.04B |
| Gross Profit | 6.34B | 3.54B | 5.89B | 3.49B | 1.75B | 1.43B |
| EBITDA | 3.85B | 3.72B | 2.93B | 2.26B | 1.16B | 899.81M |
| Net Income | 1.56B | 1.49B | 1.10B | 930.17M | 446.63M | 372.56M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 31.74B | 24.91B | 19.25B | 9.84B | 7.37B |
| Cash, Cash Equivalents and Short-Term Investments | 517.10M | 779.70M | 1.46B | 433.47M | 377.57M | 453.03M |
| Total Debt | 0.00 | 10.88B | 8.96B | 7.30B | 3.49B | 2.16B |
| Total Liabilities | -11.65B | 20.09B | 16.00B | 12.79B | 6.80B | 4.83B |
| Stockholders Equity | 11.65B | 11.65B | 8.91B | 6.46B | 3.04B | 2.54B |
Cash Flow | ||||||
| Free Cash Flow | -358.80M | -3.13B | -1.59B | -458.12M | -1.04B | -83.72M |
| Operating Cash Flow | 1.09B | 282.70M | 1.14B | 867.09M | 363.85M | 719.57M |
| Investing Cash Flow | -1.61B | -3.46B | -2.89B | -3.81B | -1.41B | -937.80M |
| Financing Cash Flow | 451.60M | 2.74B | 2.09B | 2.98B | 906.05M | 336.44M |
Hindustan Foods Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹25.66B | 71.44 | ― | 0.10% | -1.17% | -4.11% | |
64 Neutral | ₹373.20B | 18.90 | ― | 1.89% | 19.32% | 61.42% | |
63 Neutral | ₹146.40B | 56.55 | ― | 0.21% | 13.81% | 27.77% | |
57 Neutral | ₹69.36B | 46.80 | ― | 0.53% | 11.11% | 6.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹74.63B | 47.22 | ― | ― | 17.98% | 33.09% | |
47 Neutral | ₹29.11B | 31.88 | ― | 0.45% | 19.44% | 31.16% |
* General Sector Average
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Hindustan Foods Ltd. Corporate Events
Hindustan Foods’ SAT Appeal on SEBI Listing Fine Dismissed
Aug 14, 2026
Hindustan Foods Ltd. has disclosed that the Securities Appellate Tribunal in Mumbai has dismissed its appeal against a regulatory fine imposed by BSE for violations of SEBI’s Listing Obligations and Disclosure Requirements. The appeal concer...
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.