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 ₹ 1,843 Cr.
- Current Price ₹ 244
- High / Low ₹ 316 / 170
- Stock P/E 21.8
- Book Value ₹ 93.1
- Dividend Yield 0.82 %
- ROCE 17.6 %
- ROE 13.0 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 29.4%
- Company's working capital requirements have reduced from 32.1 days to 18.5 days
Cons
- Company has a low return on equity of 13.1% 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.
Peer comparison
Industrials Capital Goods Industrial Products Packaging
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | TTM | |
|---|---|---|---|---|---|
| 901 | 1,086 | 1,225 | 2,037 | 2,178 | |
| 810 | 970 | 1,106 | 1,802 | 1,931 | |
| Operating Profit | 90 | 115 | 120 | 235 | 247 | 
| OPM % | 10% | 11% | 10% | 12% | 11% | 
| 8 | 12 | 16 | 14 | 17 | |
| Interest | 1 | 4 | 4 | 43 | 33 | 
| Depreciation | 36 | 42 | 44 | 91 | 91 | 
| Profit before tax | 62 | 81 | 88 | 116 | 140 | 
| Tax % | 27% | 28% | 22% | 32% | |
| 45 | 58 | 68 | 79 | 89 | |
| EPS in Rs | 7.19 | 8.96 | 9.16 | 10.58 | 11.63 | 
| Dividend Payout % | 36% | 31% | 31% | 26% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 31% | 
| TTM: | 7% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 20% | 
| TTM: | 10% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% | 
| 5 Years: | -2% | 
| 3 Years: | 4% | 
| 1 Year: | -14% | 
| Return on Equity | |
|---|---|
| 10 Years: | % | 
| 5 Years: | % | 
| 3 Years: | 13% | 
| Last Year: | 13% | 
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | |
|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 15 | 15 | 15 | 
| Reserves | 342 | 378 | 553 | 604 | 662 | 
| 52 | 46 | 42 | 529 | 408 | |
| 197 | 225 | 271 | 502 | 569 | |
| Total Liabilities | 604 | 662 | 880 | 1,649 | 1,654 | 
| 243 | 232 | 275 | 755 | 459 | |
| CWIP | 4 | 11 | 6 | 4 | 0 | 
| Investments | 60 | 55 | 186 | 207 | 195 | 
| 296 | 365 | 413 | 684 | 1,000 | |
| Total Assets | 604 | 662 | 880 | 1,649 | 1,654 | 
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | |
|---|---|---|---|---|
| 63 | 51 | 94 | ||
| -54 | -21 | -204 | ||
| -16 | -28 | 106 | ||
| Net Cash Flow | -8 | 1 | -4 | 
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | |
|---|---|---|---|---|
| Debtor Days | 64 | 70 | 73 | 75 | 
| Inventory Days | 52 | 45 | 41 | 42 | 
| Days Payable | 75 | 72 | 73 | 77 | 
| Cash Conversion Cycle | 41 | 43 | 42 | 40 | 
| Working Capital Days | 29 | 40 | 38 | 19 | 
| ROCE % | 18% | 16% | 18% | 
Documents
Announcements
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          Announcement under Regulation 30 (LODR)-Change in Directorate
          
            1d - Board approved Kamal Taneja as MD Jan 16, 2026–Jan 15, 2029; shareholder approval pending.
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          Announcement under Regulation 30 (LODR)-Change in Directorate
          
            27 Oct - MD Dhananjay Salunkhe resigns effective January 15, 2026, citing personal reasons.
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          Announcement under Regulation 30 (LODR)-Earnings Call Transcript
          
            20 Oct - Transcripts of the Earnings Call held for 3rd quarter on October 15, 2025
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          Announcement under Regulation 30 (LODR)-Newspaper Publication
          
            16 Oct - Publication of the unaudited financial results for the quarter ended September 30, 2025.
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          Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
          
            15 Oct - Audio recording of Huhtamaki India earnings call for Q3 ended Sep 30, 2025 available online.
Annual reports
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      Financial Year 2024
      from bse
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      Financial Year 2023
      from bse
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      Financial Year 2022
      from bse
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      Financial Year 2021
      from bse
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      Financial Year 2020
      from bse
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      Financial Year 2019
      from bse
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      Financial Year 2018
      from bse
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      Financial Year 2017
      from bse
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      Financial Year 2016
      from bse
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      Financial Year 2015
      from bse
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      Financial Year 2014
      from bse
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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
      from bse
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      Financial Year 2011
      from bse
Concalls
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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 2024TranscriptNotesPPT
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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]