Hatsun Agro Products Ltd.

BSE: HATSUN531531ISIN INE473B01035

Fast Moving Consumer Goods
Dairy Products
BSE 1000

Share price

₹1,046.55+13.40 (+1.30%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,350.00
52W low: ₹731.05
Off 52W high: -22.48%
1M return: -8.30%
3M return: +14.92%
6M return: +6.03%
1Y return: +0.74%
20D avg volume: 7,535
50 DMA: ₹1,121.46
200 DMA: ₹973.64

Key ratios Consolidated

Market cap: ₹23,312 Cr
Current price: ₹1,046.55
52W high / low: ₹1,350.00 / ₹731.05
Face value: ₹1.00
P/E: 0.00
P/B: 12.75
EPS (TTM): ₹0.00
Book value / share: ₹82.09
ROE: —
ROCE: 18.30%
Operating margin: —
Net margin: —
Debt / equity: 1.22
Net debt: ₹2,039 Cr
Interest cover: 3.07
Dividend yield: 0.96%
Dividend / share (TTM): ₹10.00
Payout: —
Cash conversion cycle: 31.5 days

Financials

Metric	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	2,364	2,428	2,590	2,243	—
	2.96	4.26	3.92	8.52	—
	2,367	2,432	2,594	2,251	—
	2,288	2,284	2,410	2,193	—
	1,567	1,469	1,570	1,465	—
	4.23	1.47	6.15	1.50	—
	78.50	73.92	68.86	69.45	—
	33.12	37.53	43.38	47.88	—
	146.45	144.17	137.13	126.54	—
	358.30	363.48	407.12	385.74	—
	78.92	147.53	184.24	58.55	—
	0.00	0.00	0.00	0.00	—
	78.92	147.53	184.24	58.55	—
	18.34	37.99	49.05	15.54	—
	60.58	109.54	135.19	43.01	—
	2.72	4.92	6.07	1.93	—
Key metrics
	258.49	329.23	364.75	232.97	—
	10.90%	13.60%	14.10%	10.40%	—
	2.60%	4.50%	5.20%	1.90%	—
	—	5.90%	—	3.50%	—

Metric	TTM	FY25	FY24
Income statement
	9,624	8,700	—
	19.66	19.56	—
	9,644	8,719	—
	9,175	8,342	—
	6,071	5,850	—
	13.35	5.16	—
	290.73	247.32	—
	161.91	181.89	—
	554.29	470.48	—
	1,515	1,411	—
	469.24	377.30	—
	0.00	0.00	—
	469.24	377.30	—
	120.92	98.49	—
	348.32	278.81	—
	15.64	12.51	—
Key metrics
	1,185	1,030	—
	12.32%	11.80%	—
	3.62%	3.20%	—
	—	18.30%	—
	—	792.51	—
	—	5.20	—
	—	1.22	—
	—	2,039	—
	—	31.5	—
Balance sheet
	—	4,865	—
	—	1,136	—
	—	57.73	—
	—	8.16	—
	—	996.31	—
	—	45.05	—
	—	3,107	—
	—	252.71	—
	—	1,802	—
	—	2,097	—
	—	1,162	—
	—	934.44	—
	—	1,718	—
Cash flow
	—	1,450	—
	—	-882.30	—
	—	-564.15	—
	—	657.69	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,898	3,090	2,578	2,315	2,381	2,535	2,210	2,010	2,072	2,375	2,047	1,887
	4.85	2.89	2.58	2.47	4.06	3.31	8.43	2.25	6.62	2.17	2.17	4.07
	2,902	3,093	2,580	2,317	2,385	2,538	2,219	2,012	2,079	2,377	2,049	1,892
	2,750	2,923	2,520	2,229	2,224	2,337	2,151	1,956	1,991	2,202	1,978	1,815
	2,051	2,156	1,809	1,535	1,436	1,530	1,442	1,404	1,445	1,536	1,581	1,661
	1.73	0.92	4.66	1.29	1.08	0.62	1.24	1.17	1.31	1.18	0.83	0.72
	74.29	84.95	79.86	74.20	68.25	64.39	65.44	58.67	60.16	59.04	60.43	55.05
	30.98	31.63	32.27	33.08	37.48	43.31	47.67	43.45	44.70	45.86	49.98	38.48
	152.80	151.28	145.83	138.77	135.67	128.98	121.36	117.34	115.56	111.04	110.89	101.61
	437.74	465.68	402.70	346.47	350.77	391.39	377.01	332.86	330.58	361.59	337.50	305.22
	152.50	170.68	59.77	87.73	161.59	201.31	67.40	55.67	87.50	175.58	70.89	76.67
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	152.50	170.68	59.77	87.73	161.59	201.31	67.40	55.67	87.50	175.58	70.89	76.67
	36.81	36.99	8.88	20.59	41.41	53.23	17.76	14.73	23.18	45.04	18.74	19.26
	115.69	133.69	50.89	67.14	120.18	148.08	49.64	40.94	64.32	130.54	52.16	57.40
	5.19	6.00	2.28	3.01	5.40	6.65	2.23	1.84	2.89	5.86	2.34	2.58
Key metrics
	336.28	353.59	237.87	259.58	334.74	373.60	236.43	216.46	247.76	332.48	231.76	216.76
	11.60%	11.40%	9.20%	11.20%	14.10%	14.70%	10.70%	10.80%	12.00%	14.00%	11.30%	11.50%
	4.00%	4.30%	2.00%	2.90%	5.00%	5.80%	2.20%	2.00%	3.10%	5.50%	2.50%	3.00%
	6.30%	—	3.00%	—	6.20%	—	3.80%	—	—	—	—	—
	21.70%	21.90%	16.60%	15.20%	14.90%	6.70%	8.00%	6.50%	—	—	—	—
	-3.70%	-9.70%	2.50%	64.00%	86.80%	13.40%	-4.80%	-28.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	10,880	9,959	8,667	7,990	7,247	6,370	5,570	5,308	4,760	4,290
	12.79	13.72	19.47	22.58	10.56	9.81	5.76	8.65	6.05	8.31
	10,893	9,973	8,687	8,013	7,258	6,380	5,576	5,317	4,766	4,298
	10,422	9,502	8,301	7,655	7,033	6,066	5,211	5,161	4,605	4,179
	7,551	6,416	5,827	6,359	5,134	4,352	3,952	3,685	3,290	3,183
	8.60	16.51	4.90	7.05	8.66	5.36	3.60	2.69	0.61	—
	313.30	301.14	243.31	226.21	223.68	210.02	188.37	167.71	155.92	—
	127.96	146.30	181.68	154.18	125.92	106.63	110.43	105.85	85.72	87.64
	588.68	573.58	465.30	409.49	361.52	310.77	309.90	296.48	200.59	173.64
	1,653	1,532	1,402	1,246	1,139	1,031	797.72	829.56	820.35	685.30
	470.68	470.46	386.15	357.89	224.56	313.72	364.15	156.39	161.18	118.68
	0.00	0.00	0.00	—	—	—	—	—	—	—
	470.68	470.46	386.15	357.89	224.56	313.72	364.15	156.39	161.18	118.68
	103.27	114.26	100.71	90.61	58.70	65.47	117.80	44.12	46.34	27.84
	367.41	356.20	285.44	267.29	165.86	217.91	246.35	112.27	114.85	90.84
	16.48	15.99	12.81	12.00	7.54	11.46	11.43	6.99	7.19	—
Key metrics
	1,187	1,190	1,033	921.56	712.00	731.12	784.48	558.72	447.49	379.96
	10.91%	12.00%	11.90%	11.50%	9.80%	11.50%	14.10%	10.50%	9.40%	8.90%
	3.38%	3.60%	3.30%	3.30%	2.30%	3.40%	4.40%	2.10%	2.40%	2.10%
	—	20.20%	18.60%	—	—	—	—	—	—	—
	19.09%	14.90%	8.50%	10.30%	13.80%	14.40%	4.90%	11.50%	11.00%	—
	2.39%	24.80%	6.80%	61.20%	-23.90%	-11.50%	119.40%	-2.20%	26.40%	—
	—	1,118	789.79	—	—	—	—	—	—	—
	—	4.37	5.06	—	—	—	—	—	—	—
	—	0.68	1.22	—	—	—	—	—	—	—
	—	1,283	2,046	—	—	—	—	—	—	—
	—	9.9	32.7	—	—	—	—	—	—	—
Balance sheet
	—	4,443	4,832	—	—	—	—	—	—	—
	—	722.20	1,137	—	—	—	—	—	—	—
	—	49.38	50.06	—	—	—	—	—	—	—
	—	4.77	28.16	—	—	—	—	—	—	—
	—	591.47	987.17	—	—	—	—	—	—	—
	—	56.56	44.62	—	—	—	—	—	—	—
	—	3,347	3,037	—	—	—	—	—	—	—
	—	328.00	240.86	—	—	—	—	—	—	—
	—	1,390	1,779	—	—	—	—	—	—	—
	—	1,332	2,097	—	—	—	—	—	—	—
	—	656.81	1,162	—	—	—	—	—	—	—
	—	675.14	934.44	—	—	—	—	—	—	—
	—	1,945	1,724	—	—	—	—	—	—	—
Cash flow
	—	1,557	1,443	—	—	—	—	—	—	—
	—	-434.67	-879.87	—	—	—	—	—	—	—
	—	-1,130	-563.85	—	—	—	—	—	—	—
	—	438.56	653.26	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +11.18%
Sales CAGR 5Y: +12.33%
Profit CAGR 3Y: +29.02%
Profit CAGR 5Y: +7.65%
Sales YoY (TTM): +19.09%
Profit YoY (TTM): +2.39%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 73.63%

Quarter	September 2026	June 2026
Promoter %	73.63%	73.16%

Holder	Type	Holding	Previous	Change
CHANDRAMOGAN R G	Promoter	55.35%	54.88%	+0.47%
SATHYAN C	Promoter Group	9.80%	9.80%	0.00%
SBI FOCUSED EQUITY FUND VARIOUS SCHEME	Public	9.46%	—	—
DEVIGA SURESH	Promoter Group	4.43%	4.43%	0.00%
MALABAR INDIA FUND LIMITED	Public	1.77%	1.69%	+0.08%
LALITHA C	Promoter Group	1.15%	1.15%	0.00%
SRIRAM VAIDYANATHAN	Public	1.11%	1.11%	0.00%
DOLLY SATHYAN	Promoter Group	1.10%	1.10%	0.00%
VISMITA SATHYAN	Promoter Group	0.90%	0.90%	0.00%
VIVIN SRINESH	Promoter Group	0.90%	0.90%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hatsun Agro Products Ltd. S	23,312	1,046.55	63.47	20.20%	+19.09% TTM	+2.39% TTM	+0.74%
Milky Mist Dairy Food Limited	23,238	301.85	—	—	—	—	—
Kwality Wall’s (India) Limited S	9,335	39.73	—	-34.80%	—	—	—
Dodla Dairy Limited	5,940	984.70	27.54	15.90%	+17.12% TTM	-17.06% TTM	-20.83%
Vadilal Industries Ltd.	5,303	7,377.95	22.06	20.90%	+35.53% TTM	+78.99% TTM	+36.29%
Parag Milk Foods Limited	3,665	291.80	29.12	15.50%	+13.13% TTM	-7.12% TTM	-7.53%
Heritage Foods Limited	3,438	370.45	30.06	15.00%	+13.91% TTM	-33.80% TTM	-23.40%
Vadilal Enterprises Ltd. S	813	9,420.00	53.32	27.60%	+32.77% TTM	+309.68% TTM	-12.05%
SHEETAL COOL PRODUCTS LIMITED S	608	579.00	29.29	17.90%	+24.25% TTM	+43.47% TTM	+149.03%
Milkfood Ltd. S	248	97.01	4.57	25.80%	+6.82% TTM	+1,088.36% TTM	+30.13%
Modern Dairies Ltd. S	137	42.77	22.99	12.30%	+1.54% TTM	-92.49% TTM	-3.08%
DINDIGUL FARM PRODUCT LIMITED S	90	36.65	24.11	9.10%	—	—	+103.72%
Virat Crane Industries Ltd S	65	31.99	-9.22	-9.50%	+22.16% TTM	-677.24% TTM	-33.28%
HEALTHY LIFE AGRITEC LIMITED	26	5.15	—	9.40%	—	—	-69.05%
Tasty Dairy Specialities Limited S	7	3.28	—	-3.70%	-48.45% TTM	+50.00% TTM	-59.75%

Filings & corporate actions

Recent announcements

Press Release about Unaudited Financial Results for the quarter and half year ended 30th September, 202622 Oct 2026 · Company Update / Press Release / Media Release
Financial Results for the quarter and half year ended 30th September, 202622 Oct 2026 · Result / Financial Results
Outcome of Board Meeting held on 22nd October, 202622 Oct 2026 · Board Meeting / Outcome of Board Meeting
Hatsun Agro Product Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve the unaudited financial ....14 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201813 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
News Article published in Electronic / Online media on 12th October, 202612 Oct 2026 · Company Update / General
Press release on Hatsun Agro Product Limited partners with Government of Odisha and State Bank of India to Launch ''Go-Dhan'' to empower Dairy Farmers28 Sep 2026 · Company Update / Press Release / Media Release
Results of 41st AGM of the Company, held on Friday, 25th September 2026 at 10.00 A.M.26 Sep 2026 · AGM/EGM / AGM
Notice of Trading window closure period26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Proceedings of 41st Annual General Meeting of Hatsun Agro Product Limited, held today, i.e., 25th September 2026, at the Corporate Office of the Company, as deemed venue.25 Sep 2026 · AGM/EGM / AGM
ESG Rating assigned by CRISIL ESG Ratings & Analytics Limited11 Sep 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RG Chandramogan & PACs11 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newspaper Advertisement - Intimating the dispatch of Notice of 41st Annual General Meeting3 Sep 2026 · Company Update / Newspaper Publication
Dispatch of Letter to Members as per Regulation 36(1)(b) of SEBI (LODR) Regulations3 Sep 2026 · Company Update / General
Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-262 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Intimation of Book Closure for the purpose of 41st Annual General Meeting of the Company to be held on 25th September, 20262 Sep 2026 · Corp. Action / Book Closure
Intimation of 41st Annual General Meeting of the Company to be held on 25th September, 2026 and Annual Report of the Company for the financial year 2025-262 Sep 2026 · AGM/EGM / AGM
Annual Report of the Company for the financial year 2025-262 Sep 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement to the Shareholders29 Aug 2026 · Company Update / Newspaper Publication
Press release on Arun Icecreams Debuts at New York India Day Parade as US Presence grows17 Aug 2026 · Company Update / Press Release / Media Release
Intimation of Investor/Analysts meet6 Aug 2026 · Company Update / Analyst / Investor Meet
News Article of the Company published in the Hindu Business Line5 Aug 2026 · Company Update / Press Release / Media Release
Notice to shareholders with regard to Special Window for Transfer and Dematerialisation of Physical Securities - Newspaper Advertisement25 Jul 2026 · Company Update / Newspaper Publication
Press Release on unaudited financial results for the quarter ended 30th June, 202621 Jul 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the quarter ended 30th June, 202621 Jul 2026 · Result / Financial Results
Outcome of Board meeting held on 21st July, 202621 Jul 2026 · Board Meeting / Outcome of Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201815 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Hatsun Agro Product Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/07/2026 ,inter alia, to consider and approve 1) Unaudited financial ....13 Jul 2026 · Board Meeting / Board Meeting
Notice of trading window closure period26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
E-mail communication to the members of Hatsun Agro Product Limited - Deduction of TDS on 1st Interim Dividend for the year 2026-2729 May 2026 · Company Update / General
Notice to shareholders with regard to transfer of unclaimed dividend and equity shares of the Company to Investor Education and Protection Fund (IEPF) and Special Window for re-lodgment ....22 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the financial year 2025-2621 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Appointment of cost auditors for the financial year 2026-2719 May 2026 · Company Update / General
Intimation of Record date for the purpose of paying the first interim dividend for the financial year 2026-27, as approved by the Board, at their meeting held today, 19th May 2026.19 May 2026 · Corp. Action / Record Date
Board approved interim dividend of Rs.10/- per equity share (1000%) on the fully paid up equity shares of the face value Re.1/- each19 May 2026 · Corp. Action / Dividend
Press release on Audited financial results for the quarter and year ended 31st March 202619 May 2026 · Company Update / Press Release / Media Release
Audited financial results for the quarter and year ended 31st March 202619 May 2026 · Result / Financial Results
Audited Financial Results for the quarter and year ended 31st March, 2026, Declaration of First Interim Dividend for the financial year 2026-27 and other subjects19 May 2026 · Board Meeting / Outcome of Board Meeting
Appointment of Mr. Rajprabu Harshan (DIN: 09827866) as Non-Executive Independent Director for the First term of 5 consecutive years15 May 2026 · Company Update / Change in Management
Submission of Scrutinizer Report under Regulation 44 of SEBI (LODR) Regulations, 201515 May 2026 · AGM/EGM / Postal Ballot

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 10.0000	26 May 2026	26 May 2026	—
Interim Dividend - Rs. - 6.0000	24 Jul 2025	24 Jul 2025	—
Interim Dividend - Rs. - 6.0000	24 Jul 2024	24 Jul 2024	—

Board meetings

22 Oct 2026 Board Meeting - Financial Results
21 Jul 2026 Board Meeting - Financial Results