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 ₹ 1,996 Cr.
- Current Price ₹ 264
- High / Low ₹ 273 / 149
- Stock P/E 14.6
- Book Value ₹ 179
- Dividend Yield 0.76 %
- ROCE 12.0 %
- ROE 8.96 %
- Face Value ₹ 2.00
Pros
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 | 2,610 | |
| 1,033 | 1,030 | 1,931 | 1,911 | 2,146 | 2,305 | 2,228 | 2,515 | 2,825 | 2,354 | 2,403 | 2,278 | 2,386 | |
| Operating Profit | 102 | 121 | 251 | 220 | 223 | 294 | 235 | 110 | 158 | 195 | 118 | 192 | 225 |
| OPM % | 9% | 11% | 11% | 10% | 9% | 11% | 10% | 4% | 5% | 8% | 5% | 8% | 9% |
| 16 | 13 | 15 | 13 | 17 | 17 | 8 | -22 | 17 | 385 | 65 | 36 | 41 | |
| 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 | 64 |
| Profit before tax | 81 | 68 | 133 | 115 | 114 | 202 | 118 | -32 | 56 | 500 | 117 | 158 | 184 |
| 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 | 136 | |
| 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 | 18.06 |
| 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: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 34% |
| TTM: | 87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -3% |
| 3 Years: | 0% |
| 1 Year: | 18% |
| 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 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 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 | 1,334 |
| 19 | 402 | 435 | 406 | 403 | 273 | 295 | 409 | 410 | 255 | 149 | 144 | 145 | |
| 226 | 298 | 501 | 480 | 491 | 544 | 523 | 684 | 584 | 596 | 595 | 567 | 722 | |
| 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 | 2,216 |
| 203 | 186 | 465 | 437 | 518 | 486 | 561 | 537 | 479 | 483 | 598 | 604 | 600 | |
| CWIP | 6 | 3 | 2 | 2 | 4 | 8 | 16 | 43 | 35 | 131 | 40 | 35 | 8 |
| Investments | 225 | 755 | 195 | 138 | 21 | 61 | 18 | 1 | 0 | 80 | 151 | 194 | 128 |
| 375 | 343 | 784 | 858 | 908 | 959 | 987 | 1,228 | 1,237 | 1,307 | 1,148 | 1,171 | 1,479 | |
| 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 | 2,216 |
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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of manufacturing plants count |
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| Blueloop (sustainable/recyclable) products as % of sales % of revenue |
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| Zero Liquid Discharge (ZLD) plants count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2h - Huhtamaki India to host Q2CY26 earnings call on July 27, 2026 at 3:30 p.m. IST.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2h - Huhtamaki India Q2 2026 net sales rose 23.1% to Rs. 7,286 million; EBIT margin 8.5%.
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Unaudited Financial Results For The Quarter And Six Months Ended June 30, 2026
2h - Board approved Q2 and H1 FY26 results; revenue Rs 7,500.2 million, profit Rs 437.3 million.
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Board Meeting Outcome for Approval Of Unaudited Financial Results For The 2Nd Quarter And Six Months Ended June 30, 2026
2h - Huhtamaki India approved Q2 and H1 FY2026 results; net sales rose 23.1% to Rs. 7,286 million.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Certificate for the quarter ended June 30, 2026
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
from nse
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Financial Year 2013
from bse
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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]