Hoac Foods India Ltd
Incorporated in 2018, HOAC Foods India Ltd is engaged in manufacturing,
processing & trading of Atta, Dal Spices, Oil and other products[1]
- Market Cap ₹ 154 Cr.
- Current Price ₹ 355
- High / Low ₹ 380 / 112
- Stock P/E 42.3
- Book Value ₹ 54.0
- Dividend Yield 0.00 %
- ROCE 37.4 %
- ROE 33.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -8.02%
- Debtor days have increased from 66.8 to 117 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 6.29 | 7.42 | 10.87 | 12.10 | 15.63 | 26.43 | 35.43 | |
| 6.15 | 7.03 | 10.30 | 10.92 | 13.80 | 22.29 | 29.55 | |
| Operating Profit | 0.14 | 0.39 | 0.57 | 1.18 | 1.83 | 4.14 | 5.88 |
| OPM % | 2.23% | 5.26% | 5.24% | 9.75% | 11.71% | 15.66% | 16.60% |
| 0.05 | 0.04 | 0.07 | 0.11 | 0.00 | 0.16 | 0.19 | |
| Interest | 0.09 | 0.22 | 0.20 | 0.29 | 0.34 | 0.52 | 0.80 |
| Depreciation | 0.01 | 0.03 | 0.06 | 0.18 | 0.13 | 0.29 | 0.37 |
| Profit before tax | 0.09 | 0.18 | 0.38 | 0.82 | 1.36 | 3.49 | 4.90 |
| Tax % | 22.22% | 27.78% | 26.32% | 37.80% | 25.00% | 28.37% | |
| 0.07 | 0.13 | 0.27 | 0.50 | 1.02 | 2.50 | 3.64 | |
| EPS in Rs | 7.00 | 13.00 | 12.44 | 23.04 | 3.79 | 6.50 | 8.86 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 34% |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 104% |
| 3 Years: | 110% |
| TTM: | 135% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 137% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 36% |
| Last Year: | 34% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.22 | 0.22 | 2.69 | 3.84 | 4.34 |
| Reserves | 0.10 | 0.22 | 0.76 | 1.27 | 0.66 | 7.55 | 19.12 |
| 0.38 | 1.28 | 1.48 | 1.94 | 2.26 | 4.47 | 1.39 | |
| 0.47 | 0.48 | 1.13 | 1.47 | 2.36 | 4.38 | 9.27 | |
| Total Liabilities | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 34.12 |
| 0.13 | 0.35 | 0.44 | 0.61 | 0.91 | 3.81 | 4.96 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| 0.92 | 1.73 | 3.15 | 4.29 | 7.06 | 16.42 | 29.15 | |
| Total Assets | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 34.12 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0.37 | 0.04 | 0.02 | -0.51 | -0.29 | -1.19 | |
| -0.11 | -0.26 | -0.07 | -0.34 | -0.43 | -3.21 | |
| -0.19 | 0.42 | 0.09 | 0.59 | 0.83 | 7.27 | |
| Net Cash Flow | 0.07 | 0.20 | 0.04 | -0.26 | 0.11 | 2.87 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 5.80 | 6.39 | 25.86 | 31.07 | 52.78 | 116.70 |
| Inventory Days | 32.52 | 336.09 | 249.54 | 96.51 | 135.65 | 80.65 |
| Days Payable | 29.63 | 144.55 | 180.64 | 43.87 | 61.13 | 66.51 |
| Cash Conversion Cycle | 8.69 | 197.93 | 94.76 | 83.71 | 127.30 | 130.83 |
| Working Capital Days | -6.38 | -4.43 | 5.04 | 34.99 | 64.45 | 65.60 |
| ROCE % | 36.70% | 28.57% | 37.69% | 37.61% | 37.35% |
Documents
Announcements
-
General Updates
28 November 2025 - Wholly-owned subsidiary received first USA export order ₹60 lakhs; pipeline strong; expansion talks with Canada and Australia.
-
Updates
18 November 2025 - Submitted transcript of Nov 13, 2025 earnings call; H1 revenue INR21.84 crore, PAT INR1.95 crore.
-
Updates
17 November 2025 - MP Sharbati Atta listed on Blinkit; live in Gurugram and Faridabad, expansion to Delhi (17.11.2025).
-
Updates
14 November 2025 - Audio recording link of investor meet held 13 Nov 2025; transcript to follow.
-
Updates
12 November 2025 - Investor presentation (Nov 12, 2025): H1 FY26 revenue ₹2,172.52 Lakh, net profit ₹195.45 Lakh.
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
-
Jun 2025Transcript PPT REC
-
Nov 2024TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
Business Overview:[1]
HFL manufactures flour (chakki atta), herbs & spices, unpolished
pulses, grains, and yellow mustard oil in and markets & sell it in and
around Delhi-NCR under the brand name HARIOM through its exclusive
Brand Outlets