NSE: HATSUN · BSE: 531531 · ISIN INE473B01035
Hatsun Agro Product Limited stock analysis
Hatsun Agro Product Limited ranks #1975 in the TickerSutra evidence-ranked universe with a score of 49/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.2%, quarterly sales growth of 21.9% and quarterly profit growth of -9.7%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.32×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹6,370cr | ₹721cr | ₹218cr | 11.0% |
| 2023 | ₹7,247cr | ₹701cr | ₹166cr | 10.0% |
| 2024 | ₹7,990cr | ₹899cr | ₹267cr | 11.0% |
| 2025 | ₹8,700cr | ₹1,010cr | ₹279cr | 12.0% |
| 2026 | ₹9,959cr | ₹1,177cr | ₹356cr | 12.0% |
| TTM | ₹10,413cr | ₹1,172cr | ₹365cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Hatsun Agro Product Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "Press release on Hatsun Agro Product Limited partners with Government of Odisha and State Bank of India to Launch ''Go-Dhan'' to empower Dairy Farmers".
RoutineHatsun Agro Product Ltd - 531531 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 28 Sept 2026Press release on Hatsun Agro Product Limited partners with Government of Odisha and State Bank of India to Launch ''Go-Dhan'' to empower Dairy Farmers
RoutineShareholders meetingNSE · 27 Sept 2026Hatsun Agro Product Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineHatsun Agro Product Ltd - 531531 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 27 Sept 2026Results of 41st AGM of the Company, held on Friday, 25th September 2026 at 10.00 A.M.
RoutineTrading WindowBSE · 26 Sept 2026Hatsun Agro Product Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
MANAGEMENT COMMENTARY
Signals from filed documents
These innovations are particularly appealing to younger, urban consumers who increasingly view dairy not just as a staple but as a nutritional and performance-oriented product. Dairy Products are Growing Fastest in India Branded dairy products are growing 4–5 times faster than liquid milk in India, driven by innovation, convenience, and higher margins. While liquid milk continues to account for a significant share of
Sustainable Packaging and Practices: With increasing environmental concerns, Companies are shifting towards eco-friendly packaging materials and sustainable farming practices to appeal to conscious consumers. Production Growth & Consolidation: Milk production is growing at an accelerated pace (5%-6.5%), with high-pedigree cows expected to drive volume, while tighter regulatory standards and operational costs are driv
(g) Net Profit Margin (%) - This stands at 3.58 compared to previous year’s figure of 3.20. DETAILS OF ANY CHANGE IN RETURN ON NET WORTH AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION THEREOF During the Financial Year 2025-26, as per the Scheme of Amalgamation between your Company and Milk Mantra Dairy Private Limited, Wholly Owned Subsidiary of the Company, approved by the H
MEANS OF COMMUNICATION The Company has its own website and all the vital informations relating to the Company, including official news releases and its performance including quarterly results, quarterly shareholding pattern etc., are posted on the website as per details furnished below: Financial Results - https://www.hap.in/financial-results.php Shareholding Pattern - https://www.hap.in/shareholding-pattern.php Date
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…