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 ₹ 405 Cr.
- Current Price ₹ 934
- High / Low ₹ 1,110 / 286
- Stock P/E 62.8
- Book Value ₹ 67.4
- Dividend Yield 0.00 %
- ROCE 29.4 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 102% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
Cons
- Stock is trading at 14.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products
Part of Nifty SME Emerge
Quarterly 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 6.29 | 7.42 | 10.87 | 12.10 | 15.63 | 26.43 | 48.42 | |
| Sales growth | +17.97% | +46.50% | +11.32% | +29.17% | +69.10% | +83.20% | |
| 6.15 | 7.03 | 10.30 | 10.92 | 13.80 | 22.29 | 41.43 | |
| Operating Profit | 0.14 | 0.39 | 0.57 | 1.18 | 1.83 | 4.14 | 6.99 |
| OPM % | 2.23% | 5.26% | 5.24% | 9.75% | 11.71% | 15.66% | 14.44% |
| 0.05 | 0.04 | 0.07 | 0.11 | 0.00 | 0.16 | 0.36 | |
| Interest | 0.09 | 0.22 | 0.20 | 0.29 | 0.34 | 0.52 | 0.87 |
| Depreciation | 0.01 | 0.03 | 0.06 | 0.18 | 0.13 | 0.29 | 0.44 |
| Profit before tax | 0.09 | 0.18 | 0.38 | 0.82 | 1.36 | 3.49 | 6.04 |
| Tax % | 22.22% | 27.78% | 26.32% | 37.80% | 25.00% | 28.37% | 27.32% |
| 0.07 | 0.13 | 0.27 | 0.50 | 1.02 | 2.50 | 4.40 | |
| EPS in Rs | 0.78 | 1.44 | 1.50 | 2.78 | 3.79 | 6.50 | 10.14 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 59% |
| TTM: | 99% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 102% |
| 3 Years: | 106% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 212% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 28% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.22 | 0.22 | 2.69 | 3.84 | 4.34 | 4.34 |
| Reserves | 0.10 | 0.22 | 0.76 | 1.27 | 0.66 | 7.55 | 20.78 | 24.91 |
| 0.38 | 1.28 | 1.48 | 1.94 | 2.26 | 4.47 | 6.10 | 13.48 | |
| 0.47 | 0.48 | 1.13 | 1.47 | 2.36 | 4.38 | 4.23 | 8.22 | |
| Total Liabilities | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 35.45 | 50.95 |
| 0.13 | 0.35 | 0.44 | 0.61 | 0.91 | 3.81 | 4.35 | 4.77 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.67 | 4.61 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 |
| 0.92 | 1.73 | 3.15 | 4.29 | 7.06 | 16.42 | 29.41 | 41.55 | |
| Total Assets | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 35.45 | 50.95 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.37 | 0.04 | 0.02 | -0.51 | -0.29 | -1.19 | -4.31 | |
| -0.11 | -0.26 | -0.07 | -0.34 | -0.43 | -3.21 | -2.65 | |
| -0.19 | 0.42 | 0.09 | 0.59 | 0.83 | 7.27 | 10.13 | |
| Net Cash Flow | 0.07 | 0.20 | 0.04 | -0.26 | 0.11 | 2.87 | 3.17 |
| Free Cash Flow | 0.26 | -0.22 | -0.12 | -0.85 | -0.72 | -4.39 | -6.96 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 264% | 15% | 12% | -33% | -1% | -13% | -50% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 5.80 | 6.39 | 25.86 | 31.07 | 52.78 | 116.70 | 63.92 |
| Inventory Days | 32.52 | 336.09 | 249.54 | 96.51 | 135.65 | 80.65 | 122.45 |
| Days Payable | 29.63 | 144.55 | 180.64 | 43.87 | 61.13 | 66.51 | 19.47 |
| Cash Conversion Cycle | 8.69 | 197.93 | 94.76 | 83.71 | 127.30 | 130.83 | 166.90 |
| Working Capital Days | -6.38 | -4.43 | 5.04 | 34.99 | 64.45 | 65.60 | 107.27 |
| ROCE % | 36.70% | 28.57% | 37.69% | 37.61% | 37.35% | 29.35% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Average Cart Value INR |
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| Product Mix - Flour (% of revenue) % |
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| Capacity Utilization - Flour % |
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| Direct Billed Customers count |
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| Number of SKUs count |
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| Total Stores (Exclusive Brand Outlets) count |
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| B2B Retail Stores (Kirana Stores) count |
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| Export Containers Shipped (Cumulative) count |
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Extracted by Screener AI
Documents
Announcements
-
General Updates
- H1 FY27 earnings call transcript; Vidisha plant starts commercial production, with revenue potential of INR300-350 crore.
-
General Updates
- Audio recording of Q2 and H1 FY2026 earnings call uploaded on website.
-
General Updates
- HOAC Foods reported H1 FY27 income ₹4,337 lakh, EBITDA ₹661 lakh, PAT ₹438 lakh; call on Nov 5.
-
General Updates
- Commercial production began at Vidisha manufacturing facility on 5 November 2026, adding automated flour, spice and oil lines.
-
General Updates
- HOAC Foods acquired EVERGROW brand and launched B2B distribution, generating over ₹1 crore monthly sales.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
Nov 2026Transcript REC
-
Sep 2026REC
-
May 2026Transcript
-
Nov 2025Transcript PPT REC
-
Jun 2025Transcript PPT REC
-
Nov 2024PPT
-
Nov 2024PPT
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