Hindustan Foods Ltd

Hindustan Foods Ltd

₹ 529 1.20%
03 Jul 9:08 a.m.
About

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

Key Points

Acquired by Van group[1] Hindustan food limited (HFL) started a joint venture between Glaxo smith kline and the Dempo group to manufacture a nutritional food product under the brand name of ‘Farex’ but the venture made losses for many years as it was dependent on a single brand. In 2013, Dempo Foods Pvt. Ltd., the Holding Company of Hindustan Foods Ltd got acquired by Vanity Case India Pvt. Ltd. and the latter bought 74.45% of the paid-up share capital.

  • Market Cap 6,060 Cr.
  • Current Price 529
  • High / Low 630 / 461
  • Stock P/E 65.2
  • Book Value 56.4
  • Dividend Yield 0.00 %
  • ROCE 15.4 %
  • ROE 18.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 50.9% CAGR over last 5 years

Cons

  • Stock is trading at 9.27 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.04%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
491 457 471 527 581 598 662 679 660 619 675 729 731
462 432 443 498 551 560 620 635 611 569 621 672 670
Operating Profit 29 25 28 29 30 38 42 44 49 50 54 57 61
OPM % 6% 6% 6% 6% 5% 6% 6% 6% 7% 8% 8% 8% 8%
1 1 1 1 1 1 2 1 1 1 2 1 3
Interest 5 5 5 5 5 7 9 10 10 11 13 15 18
Depreciation 5 5 6 6 7 9 10 10 9 11 12 14 18
Profit before tax 20 16 18 18 20 23 25 25 31 29 31 29 28
Tax % 36% 37% 38% 37% 38% 35% 25% 33% 35% 21% 21% 24% 17%
13 10 11 12 12 15 19 17 20 23 25 22 23
EPS in Rs 1.22 0.96 1.03 1.10 1.09 1.32 1.68 1.51 1.79 2.07 2.19 1.95 2.00
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
492 772 1,407 2,040 2,598 2,755
459 717 1,319 1,927 2,425 2,533
Operating Profit 33 55 88 113 173 222
OPM % 7% 7% 6% 6% 7% 8%
1 1 3 4 5 7
Interest 8 11 19 20 36 57
Depreciation 7 11 19 25 37 55
Profit before tax 18 34 52 71 104 117
Tax % 35% 35% 29% 38% 32% 21%
12 22 37 45 71 93
EPS in Rs 1.76 2.07 3.52 3.96 6.31 8.12
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 25%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 51%
3 Years: 36%
TTM: 31%
Stock Price CAGR
10 Years: 53%
5 Years: 44%
3 Years: 9%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 19%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 21 21 23 23 23
Reserves 51 165 232 281 352 623
Preference Capital 1 1 2 2 2
98 164 216 349 512 730
104 189 267 332 449 549
Total Liabilities 266 539 737 984 1,335 1,925
133 250 308 427 554 909
CWIP 0 26 53 87 125 8
Investments 0 2 0 0 0 0
133 261 375 470 656 1,008
Total Assets 266 539 737 984 1,335 1,925

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 17 72 36 99 87
-40 -145 -90 -139 -220 -381
43 153 34 91 128 298
Net Cash Flow -2 24 16 -12 7 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 32 18 13 13 15 23
Inventory Days 54 74 58 56 68 79
Days Payable 84 94 74 64 69 68
Cash Conversion Cycle 2 -2 -3 5 14 34
Working Capital Days 6 11 13 17 21 43
ROCE % 17% 17% 16% 18%

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.62% 62.62% 62.62% 64.85% 64.85% 64.85% 64.85% 64.85% 64.85% 64.85% 64.85% 63.82%
6.58% 6.57% 6.50% 6.13% 6.04% 6.04% 6.57% 6.56% 6.59% 6.58% 6.70% 6.70%
6.96% 6.94% 6.92% 6.53% 6.53% 6.55% 6.55% 6.64% 6.58% 6.03% 5.96% 7.18%
23.84% 23.86% 23.95% 22.50% 22.59% 22.56% 22.04% 21.94% 22.00% 22.54% 22.50% 22.30%
No. of Shareholders 35,03638,04838,44637,07838,45950,57653,71160,48969,98880,58786,14785,364

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls