About
Hatsun Agro Product Limited engages in the manufacture and marketing of milk, milk products, and cattle feed in India and internationally. The company offers ice cream; kulfi flavours; and topping and fermented dairy products, such as yoghurt and dairy-based spreads. It also provides dairy whitener, skimmed milk powder, ghee, paneer, curd, cooking and table butter, lassi, buttermilk, yoghurt shakes, cheese spread, juice, and cocoa-based confectionery. The company distributes its products through stores under the Arun Icecreams, Arokya, Hatsun, HAP daily, Ibaco, Hanobar, Havia Chocolates, Milky Moo, Daily Moo, Imiyo, and Santosa brand names. Hatsun Agro Product Limited was founded in 1970 and is headquartered in Chennai, India.
Key Metrics
as of Sep 2026Market Cap25,990 Cr
P/E74.60
Div Yield0.86 %
Book Value₹82.10
52w High₹1,222.00
52w Low₹731.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Sep 2009 | Jun 2009 | Sep 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,364.00 | 2,428.00 | 2,590.00 | 2,243.00 | 2,010.00 | 2,072.00 | 2,375.00 | 2,047.00 | 283.00 | 250.00 | 533.00 |
| Expenses | 2,108.00 | 2,103.00 | 2,229.00 | 2,018.00 | 1,796.00 | 1,831.00 | 2,045.00 | 1,817.00 | 267.00 | 234.00 | 500.00 |
| Operating Profit | 256.00 | 325.00 | 361.00 | 224.00 | 214.00 | 241.00 | 330.00 | 230.00 | 16.00 | 17.00 | 33.00 |
| OPM % | 11.00 | 13.00 | 14.00 | 10.00 | 11.00 | 12.00 | 14.00 | 11.00 | 6.00 | 7.00 | 6.00 |
| Other Income | 3.00 | 4.00 | 4.00 | 9.00 | 2.00 | 7.00 | 2.00 | 2.00 | 1.00 | 1.00 | 2.00 |
| Depreciation | 146.00 | 144.00 | 137.00 | 127.00 | 117.00 | 116.00 | 111.00 | 111.00 | 6.00 | 5.00 | 11.00 |
| Interest | 33.00 | 38.00 | 43.00 | 48.00 | 43.00 | 45.00 | 46.00 | 50.00 | 6.00 | 5.00 | 11.00 |
| Profit before tax | 79.00 | 148.00 | 184.00 | 59.00 | 56.00 | 88.00 | 176.00 | 71.00 | 5.00 | 7.00 | 12.00 |
| Tax % | 23.00 | 26.00 | 27.00 | 27.00 | 26.00 | 26.00 | 26.00 | 26.00 | -4.00 | 37.00 | 20.00 |
| Net Profit | 61.00 | 110.00 | 135.00 | 43.00 | 41.00 | 64.00 | 131.00 | 52.00 | 5.00 | 5.00 | 10.00 |
| EPS in Rs | 2.72 | 4.92 | 6.07 | 1.93 | 1.84 | 2.89 | 5.86 | 2.34 | — | — | — |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Sales | 8,700.00 | 7,990.00 | 1,141.00 | 1,013.00 |
| Expenses | 7,690.00 | 7,091.00 | 1,078.00 | 953.00 |
| Operating Profit | 1,010.00 | 899.00 | 63.00 | 60.00 |
| OPM % | 12.00 | 11.00 | 5.00 | 6.00 |
| Other Income | 20.00 | 23.00 | 4.00 | 2.00 |
| Interest | 182.00 | 154.00 | 28.00 | 21.00 |
| Depreciation | 470.00 | 409.00 | 27.00 | 22.00 |
| Profit before tax | 377.00 | 358.00 | 12.00 | 20.00 |
| Tax % | 26.00 | 25.00 | 76.00 | 40.00 |
| Net Profit | 279.00 | 267.00 | 3.00 | 12.00 |
| EPS in Rs | 12.52 | 12.00 | — | — |
| Dividend Payout % | 48.00 | 50.00 | 37.00 | 17.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|---|
| Equity Capital | 22.00 | 22.00 | 22.00 | 7.00 | 7.00 |
| Reserves | 1,807.00 | 1,695.00 | 1,550.00 | 47.00 | 45.00 |
| Borrowings | 2,011.00 | 2,570.00 | 2,698.00 | 314.00 | 235.00 |
| Other Liabilities | 589.00 | 577.00 | 464.00 | 98.00 | 73.00 |
| Total Liabilities | 4,429.00 | 4,865.00 | 4,735.00 | 466.00 | 359.00 |
| Fixed Assets | 3,542.00 | 3,274.00 | 2,767.00 | 322.00 | 166.00 |
| CWIP | 35.00 | 284.00 | 238.00 | 33.00 | 128.00 |
| Investments | 57.00 | 37.00 | 30.00 | 0.00 | 0.00 |
| Other Assets | 795.00 | 1,270.00 | 1,699.00 | 111.00 | 65.00 |
| Total Assets | 4,429.00 | 4,865.00 | 4,735.00 | 466.00 | 359.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Cash from Operating Activity | 1,450.00 | -71.00 | 42.00 | 56.00 |
| Cash from Investing Activity | -879.00 | -388.00 | -85.00 | -140.00 |
| Cash from Financing Activity | -564.00 | 474.00 | 51.00 | 79.00 |
| Net Cash Flow | 7.00 | 14.00 | 8.00 | -6.00 |
| Free Cash Flow | 805.00 | -457.00 | -43.00 | -85.00 |
| CFO/OP % | 155.00 | 6.00 | 73.00 | 116.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2010 | Mar 2009 |
|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 4.00 | 3.00 |
| Inventory Days | 60.00 | 94.00 | 24.00 | 14.00 |
| Days Payable | 15.00 | 12.00 | 20.00 | 18.00 |
| Cash Conversion Cycle | 45.00 | 83.00 | 8.00 | -1.00 |
| Working Capital Days | -31.00 | -14.00 | 6.00 | -1.00 |
| ROCE % | 13.00 | — | 12.00 | — |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 26 May 2026 | 26 May 2026 | — | 10.00 | |
| Dividend | 24 Jul 2025 | 24 Jul 2025 | — | 6.00 | |
| Other | 26 Aug 2024 | — | — | — | Annual General Meeting |
| Dividend | 24 Jul 2024 | 24 Jul 2024 | — | 6.00 | |
| Other | 01 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 27 Jul 2023 | 27 Jul 2023 | — | 6.00 | |
| Rights | 07 Dec 2022 | 08 Dec 2022 | 1:30 | — | |
| Other | 07 Dec 2022 | 08 Dec 2022 | — | — | Right Issue of Equity Shares |
| Other | 15 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 26 Jul 2022 | 27 Jul 2022 | — | 6.00 | |
| Other | 27 Aug 2021 | — | — | — | Annual General Meeting |
| Dividend | 22 Jul 2021 | 23 Jul 2021 | — | 6.00 | |
| Bonus | 09 Dec 2020 | 10 Dec 2020 | 1:3 | — | |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 28 Jul 2020 | 29 Jul 2020 | — | 4.00 | |
| Dividend | 17 Mar 2020 | 18 Mar 2020 | — | 2.00 | |
| Other | 27 Aug 2019 | — | — | — | Annual General Meeting |
| Dividend | 25 Jul 2019 | 26 Jul 2019 | — | 2.00 | |
| Dividend | 09 May 2019 | 10 May 2019 | — | 2.00 | |
| Dividend | 31 Jan 2019 | 01 Feb 2019 | — | 2.00 | |
| Other | 04 Sep 2018 | — | — | — | Annual General Meeting |
| Rights | 31 May 2018 | 01 Jun 2018 | 1:16 | — | |
| Dividend | 31 May 2018 | 01 Jun 2018 | — | 3.00 | |
| Other | 31 May 2018 | 01 Jun 2018 | — | — | Right Issue of Equity Shares |
| Dividend | 20 Jul 2017 | — | — | 1.00 | |
| Dividend | 05 May 2017 | 08 May 2017 | — | 3.00 | |
| Dividend | 12 Aug 2016 | — | — | 1.00 | |
| Bonus | 13 Jul 2016 | 14 Jul 2016 | 2:5 | — | |
| Dividend | 22 Mar 2016 | 24 Mar 2016 | — | 1.50 | |
| Dividend | 23 Oct 2015 | 26 Oct 2015 | — | 1.00 | |
| Other | 24 Aug 2015 | — | — | — | Annual General Meeting |
| Dividend | 20 Jul 2015 | 21 Jul 2015 | — | 1.50 | |
| Dividend | 04 Jun 2015 | 05 Jun 2015 | — | 1.20 | |
| Dividend | 29 Jan 2015 | 30 Jan 2015 | — | 0.60 | |
| Other | 04 Aug 2014 | — | — | — | Annual Book Closure |
| Dividend | 28 Jan 2014 | 29 Jan 2014 | — | 1.00 | |
| Dividend | 01 Nov 2013 | 05 Nov 2013 | — | 1.50 | |
| Dividend | 04 Jun 2013 | 05 Jun 2013 | — | 0.40 | |
| Dividend | 07 Feb 2013 | 08 Feb 2013 | — | 0.50 | |
| Dividend | 19 Nov 2012 | 20 Nov 2012 | — | 0.80 | |
| Dividend | 02 Aug 2012 | — | — | 0.20 | |
| Bonus | 26 Mar 2012 | 27 Mar 2012 | 1:2 | — | |
| Dividend | 23 Feb 2012 | 24 Feb 2012 | — | 0.60 | |
| Dividend | 23 Feb 2012 | 24 Feb 2012 | — | 0.50 | |
| Split | 03 Oct 2011 | 04 Oct 2011 | 2:1 | — | |
| Dividend | 24 Feb 2011 | 25 Feb 2011 | — | 0.50 | |
| Dividend | 11 Nov 2010 | 13 Nov 2010 | — | 0.60 | |
| Dividend | 30 Jul 2010 | — | — | 0.30 | |
| Dividend | 25 Jun 2009 | 26 Jun 2009 | — | 0.60 | |
| Dividend | 12 Sep 2008 | — | — | 0.70 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update14 Jan from crisil
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Rating update27 Nov 2025 from crisil
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Rating update30 Jun 2025 from crisil
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Rating update12 Nov 2024 from crisil
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Rating update5 Apr 2024 from crisil
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Rating update1 Apr 2024 from crisil