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Huhtamaki India Limited
(HUHTAMAKI)
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Rating:67Neutral
Price Target:
₹253.00
▼(-19.09% Downside)
Action:Reiterated
Date:07/25/26
The score is driven primarily by solid financial fundamentals—especially a de-risked balance sheet and improved 2025 profitability/cash flow—offset by soft recent revenue trends and historical volatility. Technically, the stock shows strong upside momentum versus moving averages, but extremely overbought RSI/Stoch readings raise near-term risk. Valuation is neutral-to-slightly weak given a moderate P/E and low dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Huhtamaki India a durable financial base and reduces the burden of debt servicing. The sizable equity cushion can support operations and selective investment through changing packaging demand, while the improvement from earlier leverage indicates balance-sheet risk has been reduced.
Negative Factors
Declining Revenue
Two consecutive years of revenue contraction point to soft top-line momentum in the packaging business. Persistent weakness can limit operating leverage, reduce the benefit of the improved margin structure, and make future earnings growth more dependent on efficiency rather than expanding customer demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Huhtamaki India a durable financial base and reduces the burden of debt servicing. The sizable equity cushion can support operations and selective investment through changing packaging demand, while the improvement from earlier leverage indicates balance-sheet risk has been reduced.
Read all positive factors
Huhtamaki India Limited (HUHTAMAKI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.61B
Dividend Yield0.86%
Average Volume (3M)9.59K
Price to Earnings (P/E)12.8
Beta (1Y)1.21
Revenue Growth-1.92%
EPS Growth33.51%
CountryIN
Employees2,325
SectorGeneral
Sector StrengthN/A
IndustryPackaging & Containers
Share Statistics
EPS (TTM)18.07
Shares Outstanding75,521,935
10 Day Avg. Volume5,125
30 Day Avg. Volume9,586
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.24
Price to Sales (P/S)0.67
P/FCF Ratio8.77
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)15.5
Revenue Forecast (FY)₹26.05B
Huhtamaki India Limited Business Overview & Revenue Model
Company Description
Huhtamaki India Limited, a subsidiary of Huhtavefa B.V., was established in 1935 and is headquartered in Bandra, India. The company, which rebranded from Huhtamaki PPL Limited in November 2020, is a key manufacturer and distributor of diverse cons...
How the Company Makes Money
Huhtamaki India Limited primarily makes money by manufacturing and selling packaging products to business customers (B2B). Its revenue model is driven by contract-based supply of (1) flexible packaging and (2) paper-based/foodservice packaging. Fo...
Huhtamaki India Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.66B | 23.89B | 25.00B | 25.49B | 29.83B | 26.25B |
| Gross Profit | 6.80B | 7.59B | 2.46B | 7.74B | 7.50B | 7.07B |
| EBITDA | 2.66B | 2.27B | 1.82B | 5.77B | 1.75B | 882.20M |
| Net Income | 1.36B | 1.18B | 879.70M | 4.10B | 496.40M | -226.90M |
Balance Sheet | ||||||
| Total Assets | 22.16B | 20.04B | 19.37B | 20.01B | 17.51B | 18.08B |
| Cash, Cash Equivalents and Short-Term Investments | 4.01B | 4.93B | 3.27B | 3.91B | 426.50M | 320.70M |
| Total Debt | 1.45B | 1.44B | 1.49B | 2.55B | 4.10B | 4.12B |
| Total Liabilities | 8.67B | 7.11B | 7.44B | 8.51B | 9.94B | 10.92B |
| Stockholders Equity | 13.49B | 12.94B | 11.94B | 11.50B | 7.57B | 7.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.82B | 759.40M | 1.79B | 361.60M | -1.07B |
| Operating Cash Flow | 0.00 | 2.38B | 1.42B | 2.74B | 1.33B | -276.70M |
| Investing Cash Flow | 0.00 | -1.56B | -768.80M | 398.00M | -895.80M | -558.50M |
| Financing Cash Flow | 0.00 | -357.50M | -1.61B | -2.11B | -315.80M | 486.30M |
Huhtamaki India Limited Technical Analysis
Negative
312.70
Price Trends
266.56
Negative
229.99
Negative
206.36
Positive
Market Momentum
-7.88
Positive
32.16
Neutral
17.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HUHTAMAKI, the sentiment is Negative. The current price of 312.7 is above the 20-day moving average (MA) of 245.29, above the 50-day MA of 266.56, and above the 200-day MA of 206.36, indicating a neutral trend. The MACD of -7.88 indicates Positive momentum. The RSI at 32.16 is Neutral, neither overbought nor oversold. The STOCH value of 17.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HUHTAMAKI.
Huhtamaki India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹35.93B | 30.73 | ― | 0.64% | 4.98% | -13.56% | |
68 Neutral | ₹74.62B | 19.01 | ― | 2.15% | 16.91% | -2.18% | |
67 Neutral | ₹17.61B | 12.84 | ― | 0.86% | -1.92% | 33.51% | |
66 Neutral | ₹21.90B | 28.77 | ― | 0.76% | 14.71% | 14.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹46.90B | 6.88 | ― | 0.46% | 10.36% | 128.39% | |
47 Neutral | ₹28.61B | -2.91 | ― | 0.90% | -58.49% | -4440.85% |
* General Sector Average
IN:HUHTAMAKI
Huhtamaki India Limited
233.20
1.07
0.46%
IN:EPL
EPL Limited
232.60
20.48
9.65%
IN:JINDALPOLY
Jindal Poly Films Limited
653.35
91.90
16.37%
IN:MOLDTKPAC
Mold Tek Packaging Ltd
659.10
-86.87
-11.65%
IN:TCPLPACK
TCPL Packaging Limited
3,948.65
567.19
16.77%
IN:UFLEX
UFlex Limited
649.45
89.61
16.01%
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.