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    Hatsun Agro

    Private-sector dairy company selling milk, curd, paneer, ice cream and confectionery under owned brands.

    Fast Moving Consumer Goods
    Fast Moving Consumer Goods
    View HATSUN earnings calls
    ₹920.75
    -1.76% from avg

    Overview

    Price

    ₹920.75

    Market Cap

    ₹19.5k Cr

    Sector

    Fast Moving Consumer Goods

    Fast Moving Consumer Goods

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1622222222222222
    Reserves8881.0k1.1k1.4k1.6k1.7k1.8k1.9k
    Borrowings1.4k1.6k1.9k1.8k2.7k2.6k2.0k1.8k
    Other Liabilities376474494472464541573660
    Total Liabilities2.7k3.1k3.5k3.7k4.7k4.8k4.4k4.4k
    AssetsFixed Assets1.8k1.9k2.4k2.6k2.8k3.0k3.3k3.5k
    CWIP3553842372542382453359
    Investments0814213026726843
    Other Assets6047958818161.7k1.3k858835
    Total Assets2.7k3.1k3.5k3.7k4.7k4.8k4.4k4.4k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating375552518576741-711.4k1.6k
    Cash from Investing-343-537-418-565-441-388-880-435
    Cash from Financing-31-7-106-8-300474-564-1.1k
    SummaryCapital Expenditure
    Free Cash Flow33121057307-4578021.1k
    FCF Margin

    Valuation

    Assumptions

    Current — HATSUN
    Price
    ₹921
    EPS (TTM)
    ₹16.40
    PE (TTM)
    56.1
    Profit growth
    32.1%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (77.4×) and current (56.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹921
    vs
    Fair value · 15% return
    ₹1,753
    90%Undervalued

    At 32.1% growth and a 56× exit, ₹921 only delivers your return if you pay ₹1,753. The price is currently baking in 18% growth.

    EPS grows 32.1%/yr for 5 years, then fades to 6% over 2, exits at 56×.

    YearGrowthEPS (₹)
    FY2732.1%21.66
    FY2832.1%28.62
    FY2932.1%37.81
    FY3032.1%49.94
    FY3132.1%65.97
    FY3219.1% ·fade78.54
    FY336.0% ·fade83.25

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Hatsun Agro

    Guides on how to read this kind of business and the numbers that matter.