Hindustan Foods Limited (HNDFDS)

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Hindustan Foods Limited (HNDFDS) · mywealthgrid

About

Diversified FMCG in Consumer Staples with market cap ₹7,067 Cr. Recent quarterly revenues range ₹792–₹1,201 Cr with operating profit margins of 6–9% and ROE of 14.5%. Promoter ownership stands at 61.85%.

Face value: ₹2

Market cap

₹6,866 Cr

P/E

44.1×

P/B

5.9×

Dividend yield

ROE

14.5%

ROCE

15.7%

Debt / equity

0.9

OPM

8.6%

EPS (TTM)

₹13.0

Book value

₹97.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation at PE 45.4x is elevated for FMCG; verify earnings growth rates to assess whether the premium is sustainable
Operating margin volatility (6–9% range across recent quarters) indicates inconsistency in cost realization or pricing power
Quarterly revenue swings (₹792–₹1,201 Cr) suggest business lumpiness or seasonal volatility; verify underlying drivers
Diversified FMCG competes in crowded market; verify market share trends, pricing power, and category growth rates to assess competitive moat

Generated analysis · source review pending

Growth drivers

Operating margin at 8.55% headline and 8–9% in recent quarters (Dec 2025–Jun 2026) could sustain earnings growth if maintained alongside revenue expansion
ROE of 14.5% reflects capital efficiency; verify if management reinvests returns at similar levels to sustain long-term growth
D/E at 0.9 provides moderate financial flexibility; verify strategic plans to deploy capacity for growth investments without materially increasing leverage
Diversified portfolio within consumer staples offers exposure to multiple categories; verify growth rates, market penetration, and competitive position in each segment

Generated analysis · source review pending

1,756 historical price candles were omitted because the exchange source has not been verified.

₹574.6-3.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 31.9% over the last 5 years
+Revenue CAGR of 24.7% over the last 5 years
+High promoter holding of 61.9% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 32
Growth: 88
Valuation: 37

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hindustan UnileverHINDUNILVRHINDUNILVR	₹4,31,460 Cr	₹4,31,460 Cr	₹66,374 Cr	₹15,305 Cr	23.4%	₹14,957 Cr	23.4%	22.7%	30.6%	-79
ITCITCITC	₹3,19,619 Cr	₹3,21,805 Cr	₹96,307 Cr	₹25,682 Cr	30.4%	₹19,839 Cr	23.4%	37.2%	29%	162
Nestlé IndiaNESTLEINDNESTLEIND	₹2,52,164 Cr	₹2,52,188 Cr	₹24,437 Cr	₹5,748 Cr	22.9%	₹3,811 Cr	15.1%	58.3%	76.3%	-9
Varun Beverages LimitedVBLVBL	₹1,43,858 Cr	₹1,46,366 Cr	₹24,755 Cr	₹5,659 Cr	22.7%	₹3,386 Cr	13.8%	20.9%	16.8%	79
Britannia IndustriesBRITANNIABRITANNIA	₹1,14,672 Cr	₹1,16,030 Cr	₹19,529 Cr	₹3,627 Cr	18.5%	₹2,604 Cr	13.3%	63.7%	53.5%	-9
MaricoMARICOMARICO	₹1,01,427 Cr	₹1,01,782 Cr	₹14,309 Cr	₹2,492 Cr	17.1%	₹1,888 Cr	13.3%	39.3%	43.1%	34
United Spirits LimitedUNITDSPRUNITDSPR	₹97,115 Cr	₹97,121 Cr	₹28,118 Cr	₹2,281 Cr	8.2%	₹1,884 Cr	6.6%	27.2%	21.6%	63
Tata Consumer Products LimitedTATACONSUMTATACONSUM	₹94,705 Cr	₹96,825 Cr	₹20,860 Cr	₹2,909 Cr	13.8%	₹1,635 Cr	7.6%	8.6%	7.4%	10
Godrej Consumer Products LimitedGODREJCPGODREJCP	₹85,949 Cr	₹90,085 Cr	₹16,050 Cr	₹3,257 Cr	20.8%	₹2,052 Cr	12.3%	23.9%	15.1%	12
Dabur IndiaDABURDABUR	₹66,242 Cr	₹67,305 Cr	₹13,552 Cr	₹2,525 Cr	18.6%	₹1,972 Cr	14.2%	21.4%	17.1%	-14
Radico Khaitan LimitedRADICORADICO	₹56,733 Cr	₹57,065 Cr	₹21,531 Cr	₹1,138 Cr	4.9%	₹704 Cr	2.9%	26.2%	19.9%	113
Colgate Palmolive (India) LimitedCOLPALCOLPAL	₹47,192 Cr	₹47,192 Cr	₹6,204 Cr	₹1,900 Cr	31%	₹1,348 Cr	22%	106.4%	81.6%	-188

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	772	1,407	2,040	2,598	2,755	3,564	4,251
COGS	619	1,191	1,778	2,232	2,273	2,792	3,328
Gross profit	153	217	262	366	482	772	923
	98	128	147	193	260	479	560
	56	88	115	173	222	293	363
OPM %	7.2%	6.3%	5.6%	6.7%	8.1%	8.2%	8.5%
Depreciation	11	19	25	37	55	80	90
Interest	11	19	20	36	57	80	82
	1	3	1	5	7	15	9
Profit before tax	34	52	71	105	117	148	200
Tax	12	15	27	33	24	38	51
Tax %	35.2%	28.9%	37.5%	32%	20.8%	25.9%	25.4%
	22	37	45	71	93	110	149
PAT margin %	2.8%	2.7%	2.2%	2.7%	3.4%	3.1%	3.5%
EPS (₹)	11.5	16.5	4	6.3	8.2	9.5	12.3
EPS adjusted (₹)	2.1	3.5	4	6.3	8.1	9.3	12.5
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21	21	23	23	23	24	24
Reserves	166	233	282	352	623	868	1,141
	146	215	325	494	686	855	1,050
	206	268	355	467	593	744	959
Total equity & liabilities	539	737	984	1,335	1,925	2,491	3,174
	—	308	427	554	908	1,012	1,302
CWIP	26	53	87	125	8	119	150
Investments	2	0	0	0	0	0	5
	511	375	470	657	1,008	1,359	1,716
Total assets	539	737	984	1,335	1,925	2,491	3,174

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.8%	15.4%	12.8%	14.1%	17.5%	21.7%	21.7%
EBITDA margin %	7.2%	6.3%	5.6%	6.7%	8.1%	8.2%	8.6%
EBIT margin %	5.8%	4.9%	4.4%	5.2%	6.1%	6%	6.4%
PAT margin %	2.8%	2.7%	2.2%	2.7%	3.4%	3.1%	3.5%
Working capital
Receivable days	18	13	13	15	23	21	22
Inventory days	65	52	49	55	79	98	106
Payable days	—	66	56	55	68	68	69
NWC days	—	-1	6	14	34	51	59
Leverage
Current ratio	1.28	1.29	1.18	1.18	1.26	1.45	1.41
Debt to EBITDA	2.63	2.44	2.83	2.85	3.09	2.92	2.89
Debt to equity	0.78	0.84	1.07	1.32	1.06	0.96	0.9
Interest coverage	4.2	3.8	4.6	3.9	3.1	2.8	3.5
Asset turnover	1.43	1.91	2.07	1.95	1.43	1.43	1.34
Return ratios
Return on assets %	4.1%	5.1%	4.5%	5.3%	4.8%	4.4%	4.7%
Return on capital employed %	13.4%	17.7%	17.5%	19.5%	16.8%	16%	15.7%
Return on equity %	11.7%	14.6%	14.7%	19%	14.4%	12.3%	12.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.85%	64.85%	63.81%	63.81%	63.81%	62.22%	62.22%	61.31%	61.31%	61.31%	61.31%	61.85%
	6.58%	6.69%	6.7%	3.02%	3.39%	5.45%	5.25%	5.83%	5.79%	5.75%	5.82%	5.86%
	6.04%	5.96%	7.19%	13.44%	13.8%	14.07%	14.56%	14.25%	14.41%	14.6%	15.05%	14.65%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.53%	22.5%	22.3%	19.73%	19%	18.26%	17.97%	18.61%	18.49%	18.34%	17.82%	17.64%
No. of shareholders	—	—	—	—	—	—	—	—	70,011	66,618	63,403	60,623

Promoter holding down 3 percentage points since Sep 2023.

33 deals · 12 Feb 2024 – 4 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Nov 2025	INFINITY HOLDINGS	Block	NSE	Sell	14,64,530	₹529.65	₹77.57 Cr
4 Nov 2025	INFINITY PORTFOLIO HOLDINGS	Block	NSE	Buy	14,64,530	₹529.65	₹77.57 Cr
4 Nov 2025	INFINITY PORTFOLIO HOLDINGS	Bulk	NSE	Buy	14,64,530	₹529.65	₹77.57 Cr
4 Nov 2025	INFINITY HOLDINGS	Bulk	NSE	Sell	14,64,530	₹529.65	₹77.57 Cr
28 Aug 2024	INFINITY HOLDINGS	Block	NSE	Sell	2,55,540	₹570.60	₹14.58 Cr
28 Aug 2024	INFINITY PORTFOLIO HOLDINGS	Block	NSE	Buy	2,55,540	₹570.60	₹14.58 Cr
26 Jun 2024	JWALAMUKHI INVESTMENT HOLDINGS	Bulk	NSE	Sell	62,81,871	₹502.00	₹315.35 Cr
26 Jun 2024	JWALAMUKHI INVESTMENT HOLDINGS	Block	NSE	Sell	62,81,871	₹502.00	₹315.35 Cr
26 Jun 2024	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	Bulk	NSE	Buy	56,77,290	₹502.00	₹285.00 Cr
26 Jun 2024	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	Block	NSE	Buy	56,77,290	₹502.00	₹285.00 Cr

1–10 of 33

1 / 4

Mr. Shashi Kumar KalathilNon-Executive - Independent Director-Chairperson
Mr. Shrinivas Vasudeva DempoNon-Executive - Non Independent Director
Mr. Sameer Ramanlal KothariExecutive Director-MD
Mr. Nikhil VoraNon-Executive - Non Independent Director
Ms. Honey Hiranand VaziraniNon-Executive - Independent Director
Mr. Ganesh Tukaram ArgekarExecutive Director
Mr. Neeraj ChandraNon-Executive - Independent Director
Mr. Mayank SamdaniChief Financial Officer
Mr. Bankim PurohitCompany Secretary, Compliance Officer & Legal Head

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

1.27%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	124	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results4 Aug 2026

1

Face value ₹10 → ₹221 Jul 2022 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

18 Sept 2026, 4:51 pmCompany Update

Announcement Under Regulation 30 (LODR)- Grant Of Options Under Employee Stock Option Scheme 2025 (''HFL ESOS 2025'' Or ''Scheme'')

General PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	19.8%	15.4%	12.8%	14.1%	17.5%	21.7%	21.7%
EBITDA margin %	7.2%	6.3%	5.6%	6.7%	8.1%	8.2%	8.6%
EBIT margin %	5.8%	4.9%	4.4%	5.2%	6.1%	6%	6.4%
PAT margin %	2.8%	2.7%	2.2%	2.7%	3.4%	3.1%	3.5%
Working capital
Receivable days	18	13	13	15	23	21	22
Inventory days	65	52	49	55	79	98	106
Payable days	—	66	56	55	68	68	69
NWC days	—	-1	6	14	34	51	59
Leverage
Current ratio	1.28	1.29	1.18	1.18	1.26	1.45	1.41
Debt to EBITDA	2.63	2.44	2.83	2.85	3.09	2.92	2.89
Debt to equity	0.78	0.84	1.07	1.32	1.06	0.96	0.9
Interest coverage	4.2	3.8	4.6	3.9	3.1	2.8	3.5
Asset turnover	1.43	1.91	2.07	1.95	1.43	1.43	1.34
Return ratios
Return on assets %	4.1%	5.1%	4.5%	5.3%	4.8%	4.4%	4.7%
Return on capital employed %	13.4%	17.7%	17.5%	19.5%	16.8%	16%	15.7%
Return on equity %	11.7%	14.6%	14.7%	19%	14.4%	12.3%	12.8%

Date	Category	Subject	Filing
18 Sept 2026, 4:51 pm	Company Update General	Announcement Under Regulation 30 (LODR)- Grant Of Options Under Employee Stock Option Scheme 2025 (''HFL ESOS 2025'' Or ''Scheme'')	PDF
18 Sept 2026, 4:41 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
31 Aug 2026, 3:40 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
31 Aug 2026, 3:37 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
27 Aug 2026, 1:21 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
27 Aug 2026, 1:09 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
26 Aug 2026, 3:24 pm	Company Update General	Updates - Letter To Shareholders Under Regulation 36(1)(B)	PDF
26 Aug 2026, 1:38 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	17	72	36	99	87	114	100
	-145	-94	-139	-246	-381	-289	-339
	153	34	91	128	298	209	196
Net cash flow	24	12	-12	-19	3	34	-44
Free cash flow	—	-8	-104	-67	-46	-159	-241
CFO / Operating profit %	30.6%	81.7%	31.7%	57.2%	39.1%	38.8%	27.5%

Hindustan Foods Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

1

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Hindustan Foods Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Ratio timeline

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1