Annual reportSep 2026
Sep 2026 · Dispatch Of Letter To Members As Per Regulation 36(1)(B) Of SEBI (LODR) Regulations 3 Sep - 41st AGM on 25 September 2026; annual report 2025-26 and e-voting details shared.
Source: Bse
Hatsun Agro Product Limited (HATSUN)
Small CapConsumer stocks · Small cap · NSE
Hatsun Agro Product Limited operates in Dairy, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result21 Jul, 10:55 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
49Neutralfull bull SMA stack · SMA20 -2.5% / mo · MACD − · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 62
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HATSUND candles · FIT view+14.0%Latest close ₹1136.00 on 2026-10-21
Bar
-0.8%
RSI
51
MACD hist
-1.61
52W pos
57%
2026-10-21O ₹1145.50H ₹1165.00L ₹1124.00C ₹1136.00Vol 30,216 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HATSUNNifty Consumer DurablesNifty 500
- HATSUN
- +22.3%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- +28.8 pp
Chart stats
21 Oct 2026- From 52W high
- -15.8%
- 52W range position
- 57%
- ATR (14)
- 3.9%
- Volume vs 20D
- 1.02x
- Avg traded value
- ₹3.3 Cr
- 20D price channel
- ₹1,078.3 - ₹1,196.9
₹1,349.7
₹855.3 - ₹1,349.7
₹44.2
Latest completed session
20-session average
30.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED25
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +21.9% · PAT -9.5% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model-1225.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100PAT -9% YoY · margin compression · Rev +22% YoY · +20% QoQ
Filed 21 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,090 Cr | +21.9% | +19.9% |
| EBITDA | ₹351 Cr | -5.1% | +49.4% |
| Operating margin | 11.0% | -400 bps | +200 bps |
| PAT | ₹134 Cr | -9.5% | +162.8% |
| PAT margin | 4.3% | -150 bps | +236 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 73.30
- P/B
- 13.93
- EV/EBITDA
- 16.34
- Market Cap
- 25533.00Cr
Profitability
- ROE
- 16.70%
- ROCE
- 12.90%
- ROA
- 7.86%
- Dividend Y
- 0.87%
Growth (CAGR)
- Revenue 5Y
- -4.00%
- EPS 5Y
- -4.00%
- Revenue 3Y
- -8.00%
- EPS 3Y
- -4.00%
Balance Sheet
- Debt/Equity
- 1.41
- Interest Coverage
- 7.20×
- Altman Z
- 9.65
- Book Value
- 82.10
Cash Flow
- FCF Yield
- 2.24%
- FCF Positive Y
- 1/5
- OCF
- 1450.00 Cr
- EPS TTM
- 15.64
Shareholding
- Promoter Hold
- 73.17%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 67%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 3,090+19.9% vs prev
Net Profit
₹ CrLatest: 134+162.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 51. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 falling (~2.5% over last month) — short-term momentum negative.
- RSI(14) at 51 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 16% off 52W high · 33% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
74
RS percentile
Stage 2 UptrendEstablished S2
1M return
+0.5%
3M return
+22.3%
6M return
+12.5%
1Y return
-0.9%
RS 1D
+1
RS 20D
0
Sector rank
#8
Industry rank
#28
Stage evidence
- Price is 15.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +2.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
27 Aug 2026
S2 age
37 trading sessions
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 129.84+0.07%
RS vs Nifty 500130
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 25 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth2/25
Quality10/20
Balance Sheet7/15
Cash Flow3/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
25
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
25/100 · legacy band OVERVALUED
Positive drivers
- Quality contributes 10/20 to the score.
- Balance sheet contributes 7/15 to the score.
- Cash flow contributes 3/10 to the score.
Main drags
- Fair-value margin of safety is negative at -1225.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 2/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
73.3
PB
13.9
EV/EBITDA
16.3
ROE
16.7%
ROCE
12.9%
FCF Yield
2.2%
Debt/Equity
1.4
MoS
-1225.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
25
Previous: 25
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-1225.4%
Previous: -1236.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
25
25
25
25
25
25
25
25
25
25
25
25
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹169.97
-568.3% MoS
Growth-justified P/E
5.5
Growth-justified Value
₹85.71
-1225.4% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GRMOVER
Small
GRM Overseas Limited
Agro Processing
match 60
34
21.3
14.2%
+22%
WATCHLIST
COASTCORP
Small
Coastal Corporation Limited
Agro Processing
match 58
50
7.4
9.8%
+62%
FAIR VALUE
BANARISUG
Small
Bannari Amman Sugars Limited
Agro Processing
match 57
30
34.0
7.3%
-74%
OVERVALUED
DALMIASUG
Small
Dalmia Bharat Sugar and Industries Limited
Agro Processing
match 57
31
17.0
7.3%
-212%
OVERVALUED
BAJAJHIND
Small
Bajaj Hindusthan Sugar Limited
Agro Processing
match 57
40
36.8
24.4%
-235%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Hatsun Agro Product Limited operates in Dairy, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 87th percentile within Consumer. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
23 docs text-extracted · 18 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Consumer: 87th pctile, median 66 · Small: 86th pctile, median 66
Evidence depth
Financial-only
23 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
69
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 73.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 4.3%.
- ▸8 years of positive FCF.
Trust risks
- ▸Debt/equity is 1.07.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Hatsun Agro Product Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 Sep - Hatsun Agro launches Go-Dhan with Odisha government and SBI to support 6,000 farmers across 15 districts.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper Advertisement - Intimating the dispatch of Notice of 41st Annual General Meeting
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 17 Aug - Arun Icecreams debuted at New York India Day Parade on August 16, 2026, distributing 15,000 ice creams.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 5 Aug - Hatsun Agro plans ₹1,000 crore FY27 capex, expanding procurement, production, outlets, and launching protein drinks.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jul - Notice to shareholders with regard to Special Window for Transfer and Dematerialisation of Physical Securities - Newspaper Advertisement
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Jul - Q1 FY27 revenue rose 19.31% to ₹3,090.49 crore; PAT ₹133.69 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - 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 …
Source: Bse
Announcement
Compliances-Reg.24(A)-Annual Secretarial Compliance 21 May - Annual secretarial compliance report for FY2026; UPSI leak on draft Q3 results was addressed.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.