Company File · BSE 531531 · Latest filing Q3 FY26
Standalone = this company only. Consolidated = including its subsidiaries.
Hatsun Agro Products Ltd.
Data as of 19 Oct 2026 close · BSE · Latest results Q3 FY26
ISIN INE473B01035 · HATSUN · Fast Moving Consumer Goods › Food Products
About the business
What does Hatsun Agro do? Hatsun Agro Product is one of India's largest private dairy companies, based in Chennai. It sells milk, curd, ghee, paneer & ice cream under brands such as Arokya, Hatsun & Arun Ice Creams, mainly in south India. It also runs Ibaco ice cream parlours.
Price & valuation · BSE close, 19 Oct 2026
Above its usual level
- P/E
- 73.1×
- Usual P/E
- 63.5×
- Price/book
- 13.9×
- ROCE
- 14.7%
- Debt/equity
- 0.83×
- Promoter
- 73.64%
- Pledged
- 0.00%
Earnings callsNo earnings-call transcript from Hatsun Agro Products in our data yet. When it files one on BSE, the call notes appear here within a few hours. See its call page
Is it expensive, and is it a good business?
Key ratios
In short Priced above its own usual level (P/E 73.1× vs 63.5×), earns moderate returns on capital (ROCE 14.7%) and borrows ₹0.83 for every ₹1 of shareholders' money.
What you pay Valuation
Buyers pay about ₹73 for every ₹1 the company earned per share over the last year. Above its 1-year median of 63.5×.
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 19th October 2026.
The share price is 13.9 times the accounting value of each share. Above its 1-year median of 11.5×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 2.6 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 23.1 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs EPS from a year earlier; our results do not go back far enough yet.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹10.00 a share in the last 12 months (1 payout), 0.87% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹14.7 before interest & tax.
Uses closing capital because the balance sheet from a year earlier is not available yet.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2025.
Needs four consecutive quarters.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 30th September 2025.
The money actually tied up in running the business (leaving out spare cash) earned about 11.0% after tax.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2025.
Needs four consecutive quarters.
Last 12 months' revenue ÷ average total assets. As of 30th September 2025.
Operating profit covered interest costs about 4 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 31st December 2025.
For every ₹1 of shareholders' money, it has borrowed ₹0.83.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 30th September 2025.
Who owns it Ownership & more
The founders or parent group own 73.64% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding rose by 0.47 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202673.64%
- Jun 202673.17%
- Mar 202673.17%
- Dec 202573.17%
- Sep 202573.17%
Promoters reported no pledged shares.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.00%
- Jun 20260.00%
- Mar 20260.00%
- Dec 20250.00%
- Sep 20250.00%
After paying for new plant & equipment, operations left ₹793 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2025.
Each share has a face (nominal) value of ₹1. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 22.27 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹25,481 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹26,956 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹348 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 31st December 2025.
Each share earned about ₹15.64 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 31st December 2025.
Each share is backed by about ₹82 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2025.
About ₹12.1 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 31st December 2025.
About ₹2.6 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 31st December 2025.
Needs the same quarter from last year.
Latest quarter's revenue vs the same quarter last year. As of 31st December 2025.
Needs the same quarter from last year with a positive profit.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 31st December 2025.
Short-term assets cover short-term bills 0.55 times.
Current assets ÷ current liabilities. As of 30th September 2025.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 30th September 2025.
Needs four consecutive quarters.
Inventories ÷ last 12 months' revenue × 365. As of 30th September 2025.
4.2% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 31st December 2025.
Each ₹1 of profit brought in ₹5.20 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2025.
Borrowings exceed cash by ₹1,475 crore.
Cash & bank balances − borrowings. As of 30th September 2025.
The company paid about 25.8% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 31st December 2025.
Needs four consecutive quarters.
Last 12 months' profit ÷ average total assets. As of 30th September 2025.
Operating profit before interest, depreciation & tax was ₹1,166 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 31st December 2025.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹658 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2025.
Borrowings stood at ₹1,525 crore.
Current + non-current borrowings. As of 30th September 2025.
Foreign institutions own 3.06%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 10.28%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹1,350.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 15th September 2026.
The lowest price in the last year was ₹731.05.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 13th February 2026.
The share price moved 28.7% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 64% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 31st December 2025.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 22.27 crore, from paid-up capital in the 19th October 2026 filing. Figures are consolidated.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Consolidated
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|
| Revenue from operations | 2,243 | 2,590 | 2,428 | 2,364 |
| EBITDA | 224.4 | 360.8 | 325.0 | 255.5 |
| Operating margin | 10.0% | 13.9% | 13.4% | 10.8% |
| Profit after tax | 43.0 | 135.2 | 109.5 | 60.6 |
| Basic EPS (₹) | 1.93 | 6.07 | 4.92 | 2.72 |
Latest filings BSE
Corporate announcements 13
- 12 Oct 2026News Article Published In Electronic / Online Media
- 28 Sep 2026Press Release / Media Release
- 26 Sep 2026Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportAGM
Quarterly results 1
Conference calls 1
- 6 Aug 2026Analyst / Investor Meet - Intimation
Investor presentations 0
None in the filings we hold.
Members see every filing, and what each means for the company in Corporate Intelligence.
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