Delhi-NCR branded atta (flour) and packaged-foods maker selling chakki-fresh flour, pulses, spices, dry fruits and mustard oil under 'Hariom Atta & Spices' via owned/franchise stores, B2B and exports.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 20.1 | +138.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.5 | +4.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.1 | +271.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | +2.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -10.55 | +6.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
2 of 5 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| EBITDA Margin | 16% for FY26 | Q4 FY25 | FY26 EBITDA margin was 14.48%. This is below the original 16% target but significantly better than the revised guidance of 'not more than 10%'. Management now guides for 15-16% in the future. | Achieved* |
| Full Year Revenue | Projected revenue for FY '26 is around INR 55 crores. | Q4 FY25 | Full year FY26 revenue was INR 50.49 crores, missing the INR 55 crore target. | Missed |
| Vidisha Plant Commissioning | Complete in 2.5 to 3 months | Q2 FY26 | The plant commissioning was delayed due to supplier issues. Management now expects production to start in another 1.5 months (approx. end of June 2026), missing the original Feb 2026 timeline. | Delayed |
3 of Hoac Foods India Ltd's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹267.45 on 24 Oct 2025 → ₹950. High ₹1,109 (14 Oct 2026), low ₹248.35 (31 Oct 2025).
Overview
Based on the company's own presentations, annual report and earnings calls.
HOAC Foods India Ltd manufactures and retails chakki atta (flour), unpolished pulses and grains, spices, dry fruits, vegetable roots and mustard/edible oils under the brand 'Hariom Atta & Spices.' Production runs out of its own plants in Sohna, Gurugram (Haryana), with a large new plant under construction in Vidisha, Madhya Pradesh. It sells through company-owned and franchise 'Exclusive Brand Outlets' with in-store flour-customization machines, supplies kirana/general-trade stores as a B2B wholesaler, runs a direct-to-consumer website and mobile app (hariomatta.com), and exports through its subsidiary HOAC Exports Pvt. Ltd.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
2 of 5 judged targets kept · 9 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| EBITDA Margin | 16% for FY26 | Q4 FY25 | FY26 EBITDA margin was 14.48%. This is below the original 16% target but significantly better than the revised guidance of 'not more than 10%'. Management now guides for 15-16% in the future. | Achieved* |
| Full Year Revenue | Projected revenue for FY '26 is around INR 55 crores. | Q4 FY25 | Full year FY26 revenue was INR 50.49 crores, missing the INR 55 crore target. | Missed |
| Vidisha Plant Commissioning | Complete in 2.5 to 3 months | Q2 FY26 | The plant commissioning was delayed due to supplier issues. Management now expects production to start in another 1.5 months (approx. end of June 2026), missing the original Feb 2026 timeline. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 14 tracked commitments, with each call’s wording and source.
Call summaries
HOACFOODS Q4 FY26
HOACFOODS reported a strong financial performance for H2 and full year FY26, with significant growth in total income, EBITDA, and PAT. The company is expanding its capacity with a new plant and diversifying its product portfolio, despite facing some margin pressure from off-season raw material purchases and delays in new plant commissioning. Strategic focus is on strengthening direct-to-consumer channels and exports.
Read the full callHOACFOODS Q2 FY26
HOACFOODS reported robust H1 FY26 financial results with substantial growth in total income, EBITDA, and net profit, driven by strong sales momentum and operational efficiency. The company is undertaking significant manufacturing capacity expansion and broadening its distribution reach across both retail and B2B channels, targeting aggressive revenue growth for the next fiscal year. While export demand is growing, management acknowledges potential margin pressures from capex-related expenses and competitive market dynamics.
Read the full callHOACFOODS Q4 FY25
HOACFOODS discussed its Q4 FY25 performance and future outlook, focusing on strategic expansion into B2B and D2C channels, new store openings, and export initiatives. While specific Q4 FY25 financial results were not disclosed, management provided robust revenue projections of INR 55 crores for FY25/FY26 and detailed plans for capital allocation towards new factories and working capital. Concerns included higher trade receivables due to extended B2B credit periods and potential margin impacts from new investments and e-commerce channels.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2025 to Mar 2026).
Financials
Net profit, year on year: +271% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Sales | 11 | 15 | 8 | 22 | 15 | 20 |
| Expenses | 9 | 13 | 7 | 19 | 12 | 17 |
| Operating profit | 2 | 3 | 1 | 3 | 2 | 3 |
| Operating margin | 14.1% | 16.4% | 11.3% | 14.7% | 15.8% | 15.5% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 1 | 3 | 2 | 3 |
| Tax rate | 25.2% | 30.7% | 21.1% | 26.5% | 22.1% | 27.7% |
| Net profit | 1 | 1 | 1 | 2 | 2 | 2 |
| EPS (₹ per share) | 2.63 | 3.85 | 1.48 | 4.49 | 3.73 | 4.70 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 3 | 4 | 4 | 4 |
| Reserves | 1 | 1 | 1 | 8 | 19 | 21 |
| Borrowings | 1 | 2 | 2 | 4 | 1 | 6 |
| Other liabilities | 1 | 1 | 2 | 4 | 10 | 4 |
| Total liabilities | 4 | 5 | 8 | 20 | 34 | 36 |
| Fixed assets | 0 | 1 | 1 | 4 | 5 | 4 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 3 | 4 | 7 | 16 | 29 | 30 |
| Total assets | 4 | 5 | 8 | 20 | 34 | 36 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Cash from operations | -1 | -4 |
| Cash from investing | -3 | -3 |
| Cash from financing | 7 | 10 |
| Net cash flow | 3 | 3 |
| Free cash flow | -4 | -7 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 6 | 26 | 31 | 53 | 117 | 59 |
| Inventory days | 336 | 250 | 97 | 136 | 81 | 144 |
| Days payable | 145 | 181 | 44 | 61 | 67 | 20 |
| Cash conversion cycle | 198 | 95 | 84 | 127 | 131 | 183 |
| Working capital days | -4 | 5 | 35 | 64 | 66 | 104 |
| Return on capital employed | 36.7% | 28.6% | 37.7% | 37.6% | — | 29.4% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 62.08% as of Sept 2026; institutions cut 0.14 pts since Mar 2026.
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Hoac Foods India Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 38.55% | unchanged | |
| 23.37% | unchanged | |
| 1.61% | +0.28 pp | |
| 1.12% | unchanged | |
| 1.02% | unchanged | |
| 0.14% | unchanged | |
| 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Free account: one company. Everything above stays public.
Write why you follow Hoac Foods India Ltd and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Guides on how to read this kind of business and the numbers that matter.