Huhtamaki India Ltd
Having started its journey in 1935 , Huhtamaki is India's leading manufacturer and supplier of sustainable, flexible and innovative solutions in packaging and labelling products.
It is the largest manufacturer of finished flexible packaging in terms of volume in the continent of Africa, India, Asia Pacific exluding Japan.
It became member of Huhtamaki Packaging worldwide in 1999. From Paper Products Limited to Huhtamaki PPL ltd, company has demonstrated the qualities of integrity, transparency & responsibility. [1]
- Market Cap ₹ 1,264 Cr.
- Current Price ₹ 167
- High / Low ₹ 273 / 149
- Stock P/E 10.8
- Book Value ₹ 171
- Dividend Yield 1.19 %
- ROCE 12.0 %
- ROE 8.96 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.94 times its book value
Cons
- The company has delivered a poor sales growth of 0.05% over past five years.
- Company has a low return on equity of 8.79% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,135 | 1,151 | 2,181 | 2,131 | 2,369 | 2,599 | 2,463 | 2,625 | 2,983 | 2,549 | 2,521 | 2,469 | 2,473 | |
| 1,033 | 1,030 | 1,931 | 1,911 | 2,146 | 2,305 | 2,228 | 2,515 | 2,825 | 2,354 | 2,403 | 2,278 | 2,281 | |
| Operating Profit | 102 | 121 | 251 | 220 | 223 | 294 | 235 | 110 | 158 | 195 | 118 | 192 | 192 |
| OPM % | 9% | 11% | 11% | 10% | 9% | 11% | 10% | 4% | 5% | 8% | 5% | 8% | 8% |
| 16 | 13 | 15 | 13 | 17 | 17 | 8 | -22 | 17 | 385 | 65 | 36 | 47 | |
| Interest | 1 | 26 | 39 | 33 | 41 | 23 | 27 | 28 | 33 | 31 | 18 | 17 | 17 |
| Depreciation | 36 | 39 | 93 | 85 | 85 | 87 | 98 | 92 | 86 | 49 | 47 | 52 | 63 |
| Profit before tax | 81 | 68 | 133 | 115 | 114 | 202 | 118 | -32 | 56 | 500 | 117 | 158 | 159 |
| Tax % | 21% | 28% | 39% | 45% | 69% | 16% | 18% | -28% | 11% | 18% | 25% | 25% | |
| 65 | 49 | 82 | 64 | 35 | 170 | 96 | -23 | 50 | 410 | 88 | 118 | 118 | |
| EPS in Rs | 8.89 | 6.75 | 11.21 | 8.42 | 4.62 | 22.52 | 12.71 | -3.00 | 6.57 | 54.24 | 11.65 | 15.65 | 15.57 |
| Dividend Payout % | 32% | 41% | 27% | 36% | 65% | 13% | 24% | -33% | 30% | 9% | 17% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | -6% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 34% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -12% |
| 3 Years: | -18% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 549 | 572 | 495 | 534 | 541 | 682 | 750 | 701 | 742 | 1,135 | 1,178 | 1,278 |
| 19 | 402 | 435 | 406 | 403 | 273 | 295 | 409 | 410 | 255 | 149 | 144 | |
| 226 | 298 | 501 | 480 | 491 | 544 | 523 | 684 | 584 | 596 | 595 | 567 | |
| Total Liabilities | 809 | 1,288 | 1,446 | 1,435 | 1,451 | 1,514 | 1,583 | 1,808 | 1,751 | 2,001 | 1,937 | 2,004 |
| 203 | 186 | 465 | 437 | 518 | 486 | 561 | 537 | 479 | 483 | 598 | 604 | |
| CWIP | 6 | 3 | 2 | 2 | 4 | 8 | 16 | 43 | 35 | 131 | 40 | 35 |
| Investments | 225 | 755 | 195 | 138 | 21 | 61 | 18 | 1 | 0 | 80 | 151 | 194 |
| 375 | 343 | 784 | 858 | 908 | 959 | 987 | 1,228 | 1,237 | 1,307 | 1,148 | 1,171 | |
| Total Assets | 809 | 1,288 | 1,446 | 1,435 | 1,451 | 1,514 | 1,583 | 1,808 | 1,751 | 2,001 | 1,937 | 2,004 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 79 | 136 | 166 | 96 | 101 | 285 | 169 | -28 | 133 | 274 | 142 | 238 | |
| -195 | -482 | -0 | 5 | -29 | -88 | -73 | -56 | -90 | 40 | -77 | -156 | |
| 112 | 346 | -150 | -87 | -68 | -200 | -74 | 49 | -32 | -211 | -161 | -36 | |
| Net Cash Flow | -4 | -1 | 16 | 13 | 3 | -3 | 22 | -35 | 11 | 102 | -96 | 46 |
| Free Cash Flow | 9 | 109 | 143 | 34 | 39 | 229 | 126 | -104 | 41 | 182 | 81 | 184 |
| CFO/OP | 91% | 128% | 90% | 66% | 78% | 117% | 91% | -12% | 92% | 154% | 117% | 120% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 70 | 69 | 77 | 90 | 88 | 87 | 79 | 88 | 81 | 79 | 83 | 82 |
| Inventory Days | 42 | 38 | 45 | 49 | 48 | 38 | 52 | 68 | 50 | 57 | 52 | 46 |
| Days Payable | 69 | 70 | 81 | 93 | 82 | 91 | 93 | 112 | 80 | 98 | 100 | 102 |
| Cash Conversion Cycle | 43 | 37 | 42 | 46 | 54 | 35 | 38 | 43 | 51 | 37 | 35 | 26 |
| Working Capital Days | 38 | 17 | 31 | 49 | 51 | 19 | 29 | 34 | 34 | 41 | 41 | 39 |
| ROCE % | 15% | 12% | 18% | 16% | 15% | 22% | 14% | 2% | 7% | 12% | 7% | 12% |
Insights
In beta| Dec 2015 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Number of Manufacturing Facilities Facilities |
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| Total Waste Generated (Proxy for Scale) Metric Tonnes |
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| Energy Intensity MJ/sqm of production |
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Extracted by Screener AI
Documents
Announcements
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Disclosure Under Regulation 30 (5) Of SEBI (LODR) - KMP For Determining Material Events.
20 May - Huhtamaki India disclosed KMP contact details authorized under Regulation 30(5).
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 May - Transcripts of the Earnings Call for the first quarter ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
15 May - Abhijaat Sinha resigns as Company Secretary and Compliance Officer; last working day June 10, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Publication of the unaudited financial results for the quarter ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Audio recording of Q1 FY2026 earnings call held on May 13, 2026 shared online.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024TranscriptPPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
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Apr 2024Transcript PPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT
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Aug 2019TranscriptPPT
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Mar 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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Mar 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016TranscriptPPT
Product portfolio
The company offers a wide portfolio of packaging solutions that include flexible packaging, pouching solutions, labelling technologies, shrink sleeve solutions, specialized cartons, packaging machines, tube laminates, promotional, holographic and security solutions, cylinders, and specialized films for high barriers. [1]