Hindustan Foods Ltd
HNDFDS NSE
Hindustan Foods Ltd
FMCGNSE: HNDFDS BSE: 519126 Diversified FMCG
Key Fundamentals
MicrocapDiversified FMCGFMCGMarket Cap
₹7,359 Cr
Volatility
Moderate
P/E Ratio
48.15
EBITDA
₹358 Cr
Return on Equity
12.3%
Debt to Equity
0.93
Book Value
₹96.19
EPS
₹8.46
52W High
₹613.8
52W Low
₹442
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hindustan Foods Ltd insights
54 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 34.7% CAGR over last 5 years
Weaknesses
3- Stock is trading at 6.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.01%
Growth Rate
Revenue Growth
18.78% ↗
Net Income Growth
42.92% ↗
Cash Flow Change
31.12% ↗
ROE
-14.58% ↘
ROCE
0.07% ↘
EBITDA Margin (Avg.)
-2.33% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 43d agoAI opinion · based on fundamentals
Risk medium
Hindustan Foods Ltd is a ₹6,554 Cr market cap contract manufacturer in the FMCG space trading at a PE of 44.9x and 5.74x book value. The company has delivered strong compounded profit growth of 29% over 3 years and 35% over 5 years, with TTM sales growth of 19%, but pays no dividend and has seen promoter holding decline by 3.54% over the last 3 years.
Bull Case 8
- Strong 5-year compounded profit CAGR of 35%, significantly outpacing most FMCG peers
- TTM sales growth of 19% indicates continued revenue momentum in the contract manufacturing model
- 3-year compounded sales CAGR of 18% demonstrates consistent top-line expansion
- 5-year compounded sales CAGR of 25% reflects sustained demand from FMCG principals
- Consistent ROE of 15-16% over 3 and 5 year periods shows stable return generation on equity
- TTM profit growth of 42% suggests improving operating leverage and margin expansion
- 10-year stock CAGR of 40% reflects long-term wealth creation track record
- Asset-light contract manufacturing model serves multiple large FMCG companies, reducing single-client dependency
Bear Case 8
- PE of 44.9x is elevated for a contract manufacturer with limited pricing power versus branded FMCG companies
- Stock trades at 5.74x book value despite being a manufacturing-oriented business with thin margins
- Zero dividend yield despite reporting repeated profits indicates no capital return to shareholders
- Promoter holding has decreased by 3.54% over 3 years, signaling potential lack of promoter confidence
- 1-year stock CAGR of only 2% and 3-year CAGR of 0% show prolonged price stagnation despite profit growth
- 5-year stock CAGR of just 7% versus 35% profit CAGR suggests significant PE de-rating has already occurred
- Debt-to-equity and EPS data are unavailable, limiting visibility into balance sheet health and per-share earnings
- As a contract manufacturer, margins and volumes are dependent on decisions of principal FMCG companies, limiting autonomy
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 43d ago Neutral 2
- Investor meet July 3 Mumbai Jun 29
Hindustan Foods will hold an investor conference in Mumbai on July 3, 2026, focusing on publicly available information.
- Analyst meet June 23 Jun 18
Hindustan Foods scheduled an analyst and institutional investor meet on June 23, 2026, held virtually or in-person in Mumbai.
TL;DR: No material positive or negative developments reported for Hindustan Foods in the recent period. The company is maintaining routine investor engagement through scheduled analyst and investor meets. With only neutral corporate communication events on the calendar, there is no clear directional signal for the stock in the near term.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 619 | 675 | 729 | 731 | 868 | 883 | 880 | 959 | 1,019 | 1,039 | 1,044 | 1,117 | 1,201 |
| Expenses | 569 | 621 | 672 | 670 | 795 | 813 | 806 | 880 | 938 | 953 | 949 | 1,017 | 1,101 |
| Operating Profit | 50 | 54 | 57 | 61 | 73 | 70 | 73 | 78 | 81 | 86 | 95 | 100 | 100 |
| OPM % | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 9% | 9% | 8% |
| Other Income | 1 | 2 | 1 | 3 | 3 | 3 | 6 | 3 | 3 | 4 | -2 | 3 | 6 |
| Interest | 11 | 13 | 15 | 18 | 20 | 21 | 20 | 20 | 20 | 20 | 19 | 23 | 23 |
| Depreciation | 11 | 12 | 14 | 18 | 20 | 20 | 20 | 20 | 21 | 22 | 23 | 23 | 26 |
| PBT | 29 | 31 | 29 | 28 | 36 | 32 | 39 | 42 | 43 | 47 | 51 | 57 | 57 |
| Tax % | 21% | 21% | 24% | 17% | 25% | 28% | 27% | 24% | 25% | 26% | 23% | 27% | 24% |
| Net Profit | 23 | 25 | 22 | 23 | 27 | 23 | 29 | 32 | 32 | 35 | 39 | 42 | 43 |
| EPS in Rs | 2.07 | 2.19 | 1.95 | 2 | 2.38 | 2 | 2.44 | 2.69 | 2.7 | 2.95 | 3.24 | 3.48 | 3.53 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 492 | 772 | 1,386 | 2,040 | 2,598 | 2,755 | 3,564 | 4,251 | 4,400 |
| Expenses | 459 | 717 | 1,305 | 1,927 | 2,425 | 2,533 | 3,270 | 3,888 | 4,020 |
| Operating Profit | 33 | 55 | 81 | 113 | 173 | 222 | 294 | 363 | 380 |
| OPM % | 7% | 7% | 6% | 6% | 7% | 8% | 8% | 9% | 9% |
| Other Income | 1 | 1 | 3 | 4 | 5 | 7 | 15 | 9 | 12 |
| Interest | 8 | 11 | 19 | 20 | 36 | 57 | 81 | 82 | 85 |
| Depreciation | 7 | 11 | 17 | 25 | 37 | 55 | 80 | 90 | 95 |
| PBT | 18 | 34 | 48 | 71 | 104 | 117 | 148 | 200 | 212 |
| Tax % | 35% | 35% | 28% | 38% | 32% | 21% | 26% | 25% | — |
| Net Profit | 12 | 22 | 34 | 45 | 71 | 93 | 110 | 149 | 158 |
| EPS in Rs | 1.76 | 2.07 | 3.25 | 3.96 | 6.31 | 8.12 | 9.33 | 12.47 | 13.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 21 | 21 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 51 | 165 | 199 | 281 | 352 | 623 | 868 | 1,141 |
| Borrowings | 100 | 165 | 218 | 350 | 516 | 727 | 892 | 1,088 |
| Other Liabilities | 102 | 188 | 256 | 331 | 445 | 552 | 699 | 920 |
| Total Liabilities | 266 | 539 | 694 | 984 | 1,335 | 1,924 | 2,483 | 3,174 |
| Fixed Assets | 133 | 250 | 271 | 427 | 554 | 908 | 1,012 | 1,302 |
| CWIP | 0 | 26 | 53 | 87 | 125 | 9 | 120 | 150 |
| Investments | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 5 |
| Other Assets | 133 | 261 | 370 | 470 | 656 | 1,007 | 1,351 | 1,716 |
| Total Assets | 266 | 539 | 694 | 984 | 1,335 | 1,924 | 2,483 | 3,174 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | -5 | 17 | 74 | 36 | 99 | 87 | 114 | 100 |
| Investing | -40 | -145 | -92 | -139 | -220 | -381 | -289 | -339 |
| Financing | 43 | 153 | 34 | 91 | 128 | 298 | 209 | 196 |
| Net Cash Flow | -2 | 24 | 16 | -12 | 7 | 3 | 34 | -44 |
| Free Cash Flow | -46 | -111 | -5 | -104 | -65 | -46 | -118 | -225 |
| CFO/OP | -2 | 45 | 111 | 58 | 69 | 46 | 47 | 40 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 18 | 13 | 13 | 15 | 23 | 21 | 22 |
| Inventory Days | 54 | 74 | 58 | 56 | 68 | 98 | 121 | 106 |
| Days Payable | 84 | 94 | 74 | 64 | 69 | 85 | 84 | 69 |
| Cash Conversion Cycle | 2 | -2 | -2 | 5 | 14 | 37 | 58 | 59 |
| Working Capital Days | -8 | 7 | 5 | 4 | 6 | 17 | 32 | 36 |
| ROCE % | — | 17% | 17% | 17% | 18% | 15% | 14% | 14% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Aug - Hindustan Foods will host an in-person group investor meeting in Mumbai on August 28, 2026. 18 Aug - Hindustan Foods will host an in-person group investor meeting in Mumbai on August 28, 2026.
2
Announcement Under Regulation 30 (LODR)- ESG Ratings For FY 2024-25
30 Apr - SES ESG Research voluntarily assigned Hindustan Foods an ESG score of 64.3 for FY2025. 30 Apr - SES ESG Research voluntarily assigned Hindustan Foods an ESG score of 64.3 for FY2025.
3
Announcement Under Regulation 30 (LODR)- Commencement Of Commercial Production
30 Apr - Commercial production of ice-creams began at Panipat, Haryana facility on April 30, 2026. 30 Apr - Commercial production of ice-creams began at Panipat, Haryana facility on April 30, 2026.
4
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Apr - Hindustan Foods begins commercial operations at Panipat ice cream facility, its third plant in India. 30 Apr - Hindustan Foods begins commercial operations at Panipat ice cream facility, its third plant in India.
5
Announcement Under Regulation 30 (LODR)- ESG Ratings For FY 2024-25
30 Apr - SES ESG Research voluntarily assigned Hindustan Foods an ESG score of 64.3 for FY2025. 30 Apr - SES ESG Research voluntarily assigned Hindustan Foods an ESG score of 64.3 for FY2025.
Frequently Asked Questions about Hindustan Foods Ltd
What does Hindustan Foods Ltd do?
Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also do manufacturing of leather shoes and accessories
Where is Hindustan Foods Ltd (HNDFDS) listed?
Hindustan Foods Ltd is listed on the Indian stock exchanges. It is listed on NSE: HNDFDS and BSE: 519126. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Hindustan Foods Ltd belong to?
Hindustan Foods Ltd operates in the FMCG sector within the Diversified FMCG industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Hindustan Foods Ltd?
Hindustan Foods Ltd has a market capitalisation of approximately ₹7358.88 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Hindustan Foods Ltd?
The Price-to-Earnings (PE) ratio of Hindustan Foods Ltd is 48.15. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Hindustan Foods Ltd?
Over the past 52 weeks, Hindustan Foods Ltd has traded between a low of ₹442 and a high of ₹613.8. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Hindustan Foods Ltd?
Hindustan Foods Ltd has a Return on Equity (ROE) of 12.30%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Hindustan Foods Ltd on Tapetide?
On Tapetide, you can view Hindustan Foods Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They also do manufacturing of leather shoes and accessories
Website hindustanfoodslimited.com
CEO Mr. Sameer Ramanlal Kothari
Employees 1,458
Listed 2023-06-06
Face Value ₹ 2
Issued Size 11,94,81,762