Hatsun Agro Product Limited

NSE: HATSUN · Dairy Products

52W Range₹855 ₹1,179

Snapshot

Unlock Hatsun Agro Product Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Hatsun Agro Product Limited is a leading Indian dairy company that manufactures and markets a diverse range of milk, milk products, ice creams, and cattle feed. The company operates through well-known brands such as Arokya, Hatsun, Ibaco, and Arun, supported by an extensive network of over 3,500 owned retail outlets.

Business Model

The company generates revenue through the processing and sale of dairy products and ice creams across domestic and international markets. It leverages a robust logistics and distribution network, including its proprietary Hatsun Daily retail outlets, to ensure direct-to-consumer reach.

  • Owned Outlets:3500
  • Export Markets:42 countries

Growth Outlook

Growth is driven by the expansion of the Hatsun Daily retail footprint and the diversification of its product portfolio into value-added dairy segments and ready-to-eat snacks. The company continues to strengthen its international presence by exporting dairy ingredients and finished products to key global markets.

Key Risks

  • Supply Chain Volatility. Fluctuations in raw milk procurement prices and availability can significantly impact operating margins.
  • Food Safety and Quality. As a dairy processor, the company faces inherent risks related to product contamination and stringent food safety regulatory compliance.
  • Competitive Intensity. The Indian dairy sector is highly fragmented, with intense competition from both organised players and unorganised local cooperatives.
  • Geopolitical and Export Risks. Exposure to international markets subjects the company to currency fluctuations and varying trade policies in the 42 countries it serves.

Price

Start your research today

Unlock AI insights, financials, peers and live data on Hatsun Agro Product Limited and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹53,873 Cr

TTM · standalone

+521.6%YoY

NET PROFIT

₹44,450 Cr

TTM · standalone

+15472.6%YoY

EPS

₹17.34

TTM · standalone

+35.3%YoY

RETURN ON EQUITY

2498.2%

TTM · standalone

+2480.5 ppYoY

RETURN ON CAPITAL EMPLOYED

1465.0%

TTM · standalone

+1445.6 ppYoY

P/E

53.5x

Q4 FY26 · standalone

53.5 vs 79.9x5Y avg

EV/EBITDA

0.5x

Q4 FY26 · standalone

0.5 vs 21.8x5Y avg

EBITDA MARGIN

84.0%

TTM · standalone

+72.1 ppYoY

NET PROFIT MARGIN

2.0%

Q4 FY26 · standalone

-0.2 ppYoY

DEBT TO EQUITY

0.8x

Q4 FY26 · consolidated

-0.39xYoY

Peers · Dairy Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Hatsun Agro Product LimitedHATSUN
20,54453.460.48521.6%84.0%2498.2%1465.0%-2.3%
Dodla Dairy LimitedDODLA
6,14124.2317.4010.9%8.9%18.1%18.2%-25.8%
Kwality Wall'sKWIL
5,587
Vadilal Industries LimitedVADILALIND
3,11730.4717.9021.2%18.3%21.8%24.3%+30.0%
Heritage Foods LimitedHERITGFOOD
2,86420.7211.619.5%6.4%14.9%17.6%-29.9%
Parag Milk Foods LimitedPARAGMILK
2,49420.4010.9611.2%8.1%12.5%17.1%-4.9%

As of Q4 FY26

Financials