Hindustan Foods Ltd

Hindustan Foods Ltd

₹ 500 -0.22%
23 Apr - close price
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 5,726 Cr.
  • Current Price 500
  • High / Low 632 / 461
  • Stock P/E 63.4
  • Book Value 37.5
  • Dividend Yield 0.00 %
  • ROCE 18.2 %
  • ROE 21.0 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 13.3 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%
  • Company might be capitalizing the interest cost

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
384 491 457 471 527 581 598 662 679 660 619 675 729
363 462 432 443 498 551 560 620 635 611 569 621 672
Operating Profit 21 29 25 28 29 30 38 42 44 49 50 54 57
OPM % 5% 6% 6% 6% 6% 5% 6% 6% 6% 7% 8% 8% 8%
1 1 1 1 1 1 1 2 1 1 1 2 1
Interest 5 5 5 5 5 5 7 9 10 10 11 13 15
Depreciation 4 5 5 6 6 7 9 10 10 9 11 12 14
Profit before tax 12 20 16 18 18 20 23 25 25 31 29 31 29
Tax % 5% 36% 37% 38% 37% 38% 35% 25% 33% 35% 21% 21% 24%
12 13 10 11 12 12 15 19 17 20 23 25 22
EPS in Rs 1.11 1.22 0.96 1.03 1.10 1.09 1.32 1.68 1.51 1.79 2.07 2.19 1.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
492 772 1,407 2,040 2,598 2,683
459 717 1,319 1,927 2,425 2,473
Operating Profit 33 55 88 113 173 210
OPM % 7% 7% 6% 6% 7% 8%
1 1 3 4 5 5
Interest 8 11 19 20 36 48
Depreciation 7 11 19 25 37 46
Profit before tax 18 34 52 71 104 121
Tax % 35% 35% 29% 38% 32%
12 22 37 45 71 90
EPS in Rs 1.76 2.07 3.52 3.96 6.31 8.00
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 50%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 48%
TTM: 43%
Stock Price CAGR
10 Years: 52%
5 Years: 44%
3 Years: 7%
1 Year: -14%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 13 21 21 23 23 23
Reserves 51 165 232 281 352 401
Preference Capital 1 1 2 2 2
98 164 216 349 512 580
104 189 267 332 449 491
Total Liabilities 266 539 737 984 1,335 1,494
133 250 308 427 554 699
CWIP 0 26 53 87 125 33
Investments 0 2 0 0 0 0
133 261 375 470 656 763
Total Assets 266 539 737 984 1,335 1,494

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

6 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