Himalaya Food International Ltd

Himalaya Food International Ltd

₹ 24.7 -0.64%
28 May - close price
About

Incorporated in 1992, Himalaya Food Company Ltd grows and processes mushrooms and manufactures IQF ready to eat items[1]

Key Points

Business Overview:[1][2]
HFC is a frozen & canned food processing company. It grows different type of mushrooms, and export to USA Mushroom based products, Cheese, Sweets & Appetizers. Company owns and operates 2 ISO 22000 certified facilities in North & West India, where it grows and produces 100% natural, vegetarian products without use of chemicals. Nutrition and freshness are retained by simple ways of quick chilling & freezing

  • Market Cap 143 Cr.
  • Current Price 24.7
  • High / Low 30.9 / 17.6
  • Stock P/E 29.2
  • Book Value 23.8
  • Dividend Yield 0.00 %
  • ROCE 3.62 %
  • ROE 3.61 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value

Cons

  • The company has delivered a poor sales growth of -12.4% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.3% over last 3 years.
  • Contingent liabilities of Rs.75.5 Cr.
  • Company has high debtors of 275 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
18.48 12.83 16.35 19.15 14.26 15.71 17.26 20.58 14.87 10.50 10.89 13.15 12.47
14.57 9.95 12.92 15.56 8.62 10.79 11.37 13.52 72.89 8.29 8.36 9.91 9.44
Operating Profit 3.91 2.88 3.43 3.59 5.64 4.92 5.89 7.06 -58.02 2.21 2.53 3.24 3.03
OPM % 21.16% 22.45% 20.98% 18.75% 39.55% 31.32% 34.13% 34.31% -390.18% 21.05% 23.23% 24.64% 24.30%
0.94 0.46 0.76 1.39 0.31 -5.94 0.30 0.17 28.06 0.03 0.18 0.00 0.03
Interest 0.20 0.08 0.10 0.08 0.09 0.05 0.06 0.16 0.06 0.01 0.01 0.12 0.53
Depreciation 1.86 2.62 2.62 2.62 -1.11 1.68 1.68 1.68 1.77 1.68 1.68 1.68 1.30
Profit before tax 2.79 0.64 1.47 2.28 6.97 -2.75 4.45 5.39 -31.79 0.55 1.02 1.44 1.23
Tax % -46.59% 0.00% 0.00% 0.00% -4.59% 0.00% 0.00% 0.00% 1.60% 0.00% 0.00% 0.00% -52.85%
4.09 0.65 1.48 2.28 7.29 -2.75 4.45 5.39 -31.28 0.55 1.02 1.44 1.88
EPS in Rs 0.71 0.11 0.26 0.39 1.26 -0.48 0.77 0.93 -5.40 0.10 0.18 0.25 0.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
166.68 189.13 100.92 113.60 121.29 111.59 91.22 78.76 56.36 62.59 68.37 47.19
125.86 164.34 95.20 100.68 92.81 83.75 129.30 62.88 46.33 47.03 62.94 36.00
Operating Profit 40.82 24.79 5.72 12.92 28.48 27.84 -38.08 15.88 10.03 15.56 5.43 11.19
OPM % 24.49% 13.11% 5.67% 11.37% 23.48% 24.95% -41.75% 20.16% 17.80% 24.86% 7.94% 23.71%
39.42 -10.63 0.96 -0.48 -0.08 0.64 -18.60 4.45 1.88 86.46 -23.00 0.06
Interest 16.42 16.05 33.73 20.80 19.36 17.93 1.96 0.28 0.23 0.36 0.33 0.67
Depreciation 8.78 9.12 12.64 11.52 11.38 11.70 11.43 11.46 10.46 6.74 6.81 6.34
Profit before tax 55.04 -11.01 -39.69 -19.88 -2.34 -1.15 -70.07 8.59 1.22 94.92 -24.71 4.24
Tax % 3.40% -17.89% -1.71% -5.23% -4.27% 26.96% 0.76% -15.48% -106.56% -0.34% 2.06% -15.33%
53.16 -12.97 -40.37 -20.91 -2.44 -0.84 -69.54 9.92 2.52 95.24 -24.20 4.90
EPS in Rs 10.34 -2.48 -7.34 -3.61 -0.42 -0.15 -12.02 1.71 0.44 16.46 -4.18 0.85
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -13%
5 Years: -12%
3 Years: -6%
TTM: -31%
Compounded Profit Growth
10 Years: 13%
5 Years: 16%
3 Years: 25%
TTM: -82%
Stock Price CAGR
10 Years: 4%
5 Years: 27%
3 Years: 31%
1 Year: 2%
Return on Equity
10 Years: -4%
5 Years: 11%
3 Years: 11%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 51.40 52.30 55.02 57.87 57.87 57.87 57.87 57.87 57.87 57.87 57.87 57.87
Reserves 168.65 157.86 123.17 98.78 62.19 61.34 -8.20 1.72 4.24 103.06 75.28 80.18
122.53 143.47 172.74 185.86 183.90 181.35 183.73 181.14 181.02 71.32 0.00 0.00
14.73 16.68 18.12 21.43 59.72 30.48 30.56 30.04 29.20 26.42 90.00 70.10
Total Liabilities 357.31 370.31 369.05 363.94 363.68 331.04 263.96 270.77 272.33 258.67 223.15 208.15
168.54 200.07 180.03 169.85 162.17 157.09 145.49 135.54 128.32 126.16 70.01 66.98
CWIP 54.36 38.65 52.41 52.53 52.53 54.91 54.91 54.91 54.91 54.91 54.91 54.91
Investments 11.49 0.00 0.00 0.00 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
122.92 131.59 136.61 141.56 148.88 118.94 63.46 80.22 89.00 77.50 98.13 86.16
Total Assets 357.31 370.31 369.05 363.94 363.68 331.04 263.96 270.77 272.33 258.67 223.15 208.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11.86 21.85 -1.61 1.65 28.61 30.31 2.18 7.56 2.93 3.55 6.52 -2.75
-12.34 -24.93 -12.91 -1.45 -3.81 -9.02 -0.05 -1.51 -3.23 -3.51 -2.80 -3.31
0.00 3.07 14.95 -0.62 -24.07 -21.90 -2.67 -5.44 -0.23 -0.36 -3.91 5.99
Net Cash Flow -0.48 -0.01 0.43 -0.42 0.73 -0.61 -0.54 0.61 -0.53 -0.32 -0.19 -0.07

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 74.63 39.43 97.43 108.31 109.54 66.20 107.80 122.53 170.91 178.04 163.68 275.20
Inventory Days 324.11 234.88 424.47 621.40 724.68 734.26 52.57 167.27 224.60 286.84 185.95
Days Payable 14.03 12.22 22.93 72.40 115.28 151.40 61.86 161.18 234.09 207.43 330.49
Cash Conversion Cycle 384.71 262.09 498.98 657.31 718.94 649.06 98.51 128.62 161.42 257.46 19.14 275.20
Working Capital Days 217.16 167.65 329.88 293.35 236.23 184.68 22.93 167.39 279.25 -226.03 -215.20 -81.52
ROCE % 11.56% 4.75% -1.66% 1.53% 6.03% 5.69% -17.78% 3.74% 0.60% 4.93% 15.19%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54% 50.54%
49.46% 49.46% 49.46% 49.46% 49.46% 49.46% 49.47% 49.46% 49.46% 49.46% 49.46% 49.46%
No. of Shareholders 22,92824,99627,25729,07229,39029,27529,26029,34628,92029,23730,47030,854

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