Hester Biosciences Ltd · CashKonnect

About

Hester Biosciences Limited manufactures and trades in veterinary vaccines and health products in India and internationally. It operates through two segments, Poultry Healthcare and Animal Healthcare. The company provides poultry vaccines for newcastle disease, infectious bronchitis, infectious bursal, fowl pox, marek's disease, infectious coryza, fowl cholera, inclusion body hepatitis, fowl typhoid, and avian encephalomyelitis. It also offers vaccines for peste des petits ruminants, goat pox, brucella, lumpy skin disease, contagious bovine pleuropneumonia, and contagious caprine pleuropneumonia for cattle, buffalo, sheep, and goats; and diagnostic services. In addition, the company provides animal healthcare products, such as biosecurity solutions, therapeutics, nutritional supplements, and specialised formulations to enhance animal wellness and productivity. Further, it offers various pet care products, including gut health solutions, NSAIDs, joint care formulations, parasiticides, grooming products, and anti-infective formulations; and healthcare products, such as immune boosters, gut health enhancers, farm hygiene, vitamins, minerals, and specialty feed supplements for critical needs comprising disease prevention, growth, and nutritional balance. Additionally, the company provides Silvectant, a hydrogen peroxide and silver nitrate solution for disinfection of poultry sheds; Hestbac, a probiotic supplement to control pathogenic bacteria; Hestflora, a combined probiotic and prebiotic formulation that supports gut health and performance; AmmoStop, a probiotic blend for odour control and respiratory comfort in poultry farms. It also offers INACTIVATED H9N2 vaccine for low pathogenic avian influenza; ICEFT RTU, a ceftiofur formulation for uterine and bacterial infections; and Inomilk Gel, an oral calcium supplement, as well as operates diagnostic labs for poultry. Hester Biosciences Limited was incorporated in 1987 and is headquartered in Mehsana, India.

Key Metrics

as of Sep 2026

Market Cap2,054 Cr

P/E38.70

Div Yield0.46 %

Book Value₹423.00

52w High₹2,684.00

52w Low₹1,239.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	77.00	100.00	77.00	71.00	84.00	82.00	63.00	84.00	82.00	79.00	67.00	70.00	88.00
Expenses	54.00	66.00	60.00	59.00	61.00	63.00	58.00	65.00	65.00	63.00	57.00	57.00	73.00
Operating Profit	23.00	34.00	18.00	12.00	23.00	19.00	5.00	19.00	18.00	16.00	10.00	13.00	14.00
OPM %	29.00	34.00	23.00	17.00	27.00	23.00	8.00	23.00	21.00	20.00	15.00	19.00	16.00
Other Income	89.00	2.00	2.00	12.00	3.00	-6.00	9.00	3.00	2.00	5.00	2.00	6.00	3.00
Depreciation	7.00	6.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00
Interest	3.00	5.00	2.00	2.00	2.00	6.00	-4.00	6.00	5.00	7.00	2.00	8.00	3.00
Profit before tax	102.00	25.00	14.00	17.00	20.00	4.00	13.00	12.00	11.00	10.00	6.00	7.00	9.00
Tax %	5.00	34.00	31.00	16.00	14.00	59.00	15.00	29.00	29.00	35.00	37.00	40.00	25.00
Net Profit	97.00	17.00	9.00	14.00	17.00	2.00	11.00	8.00	7.00	6.00	4.00	4.00	7.00
EPS in Rs	114.00	18.78	10.31	16.99	19.33	1.52	13.71	9.64	7.45	5.82	4.68	4.81	6.90

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	333.00	311.00	305.00	266.00	235.00	214.00	183.00	178.00	136.00	123.00	101.00	90.00
Expenses	246.00	250.00	251.00	215.00	175.00	146.00	128.00	110.00	89.00	82.00	67.00	64.00
Operating Profit	87.00	62.00	54.00	51.00	60.00	69.00	55.00	68.00	47.00	41.00	34.00	25.00
OPM %	26.00	20.00	18.00	19.00	26.00	32.00	30.00	38.00	35.00	33.00	34.00	28.00
Other Income	19.00	8.00	15.00	20.00	14.00	1.00	6.00	7.00	3.00	0.00	1.00	3.00
Interest	11.00	13.00	20.00	9.00	4.00	7.00	7.00	7.00	4.00	4.00	4.00	5.00
Depreciation	19.00	17.00	17.00	21.00	17.00	13.00	13.00	12.00	10.00	7.00	6.00	6.00
Profit before tax	76.00	40.00	32.00	40.00	54.00	50.00	41.00	57.00	36.00	31.00	25.00	18.00
Tax %	24.00	27.00	34.00	30.00	26.00	31.00	25.00	28.00	36.00	26.00	23.00	26.00
Net Profit	57.00	29.00	21.00	28.00	39.00	35.00	31.00	41.00	23.00	23.00	19.00	13.00
EPS in Rs	65.41	32.31	22.21	31.30	46.22	40.47	34.29	48.87	30.12	27.68	22.57	15.99
Dividend Payout %	17.00	22.00	27.00	26.00	22.00	25.00	19.00	23.00	33.00	19.00	18.00	19.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00
Reserves	352.00	306.00	283.00	271.00	251.00	220.00	193.00	169.00	132.00	113.00	93.00	76.00
Borrowings	195.00	213.00	244.00	274.00	228.00	105.00	121.00	90.00	69.00	66.00	59.00	55.00
Other Liabilities	123.00	126.00	126.00	116.00	74.00	78.00	65.00	32.00	35.00	25.00	25.00	20.00
Total Liabilities	678.00	653.00	662.00	670.00	562.00	411.00	387.00	299.00	244.00	213.00	186.00	160.00
Fixed Assets	411.00	233.00	240.00	259.00	237.00	133.00	143.00	145.00	110.00	102.00	65.00	60.00
CWIP	9.00	183.00	171.00	149.00	82.00	109.00	74.00	7.00	32.00	21.00	36.00	33.00
Investments	43.00	34.00	30.00	25.00	21.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	215.00	203.00	221.00	237.00	222.00	169.00	170.00	148.00	102.00	89.00	85.00	68.00
Total Assets	678.00	653.00	662.00	670.00	562.00	411.00	387.00	299.00	244.00	213.00	186.00	160.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	64.00	65.00	48.00	24.00	9.00	58.00	37.00	47.00	38.00	35.00	19.00	20.00
Cash from Investing Activity	-18.00	-20.00	-22.00	-77.00	-117.00	-42.00	-73.00	-21.00	-26.00	-30.00	-13.00	-21.00
Cash from Financing Activity	-49.00	-52.00	-26.00	42.00	112.00	-18.00	19.00	3.00	-11.00	2.00	-7.00	7.00
Net Cash Flow	-3.00	-7.00	0.00	-12.00	3.00	-2.00	-17.00	28.00	1.00	6.00	-1.00	5.00
Free Cash Flow	47.00	44.00	24.00	-54.00	-87.00	17.00	-36.00	24.00	15.00	5.00	5.00	1.00
CFO/OP %	90.00	123.00	112.00	63.00	43.00	105.00	86.00	92.00	100.00	102.00	74.00	100.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	105.00	86.00	94.00	109.00	86.00	84.00	116.00	67.00	87.00	79.00	95.00	72.00
Inventory Days	323.00	291.00	288.00	399.00	424.00	452.00	834.00	540.00	505.00	376.00	627.00	431.00
Days Payable	110.00	122.00	98.00	141.00	101.00	204.00	261.00	93.00	100.00	84.00	109.00	68.00
Cash Conversion Cycle	318.00	255.00	284.00	367.00	409.00	332.00	690.00	514.00	491.00	371.00	614.00	434.00
Working Capital Days	54.00	74.00	112.00	88.00	113.00	134.00	104.00	106.00	82.00	90.00	112.00	76.00
ROCE %	15.00	10.00	9.00	9.00	14.00	18.00	16.00	26.00	20.00	19.00	19.00	15.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	53.73	53.73	53.73	53.73	53.73	53.73	53.73	53.73	53.73	53.73	53.73	53.73
FIIs	0.31	0.38	0.52	0.53	0.51	0.87	0.59	0.61	0.52	0.43	0.43	0.42
DIIs	0.00	0.00	0.01	0.00	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00
Public	45.95	45.88	45.75	45.73	45.73	45.38	45.65	45.66	45.74	45.84	45.83	45.84
No. of Shareholders	11,961	12,373	12,603	12,260	11,810	11,853	11,473	11,538	11,305	12,844	13,450	13,342

Corporate Actions

28 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Dividend	14 Jul 2026	14 Jul 2026	—	11.00
Dividend	06 Aug 2025	06 Aug 2025	—	7.00
Dividend	22 Aug 2024	22 Aug 2024	—	6.00
Other	22 Aug 2024	—	—	—	Annual General Meeting
Dividend	13 Sep 2023	—	—	8.00
Dividend	11 Aug 2022	—	—	10.00
Dividend	05 Aug 2021	—	—	10.00
Dividend	27 Aug 2020	—	—	6.60
Dividend	18 Jul 2019	—	—	7.00
Dividend	09 Nov 2018	12 Nov 2018	—	2.00
Dividend	30 Aug 2018	31 Aug 2018	—	2.00
Dividend	02 Aug 2018	—	—	6.00
Dividend	16 Nov 2017	17 Nov 2017	—	4.00
Dividend	20 Jul 2017	—	—	2.30
Dividend	03 Nov 2016	04 Nov 2016	—	3.00
Dividend	21 Jul 2016	—	—	1.10
Dividend	17 Mar 2016	18 Mar 2016	—	3.00
Dividend	10 Sep 2015	—	—	3.10
Dividend	18 Sep 2014	—	—	2.00
Dividend	07 Aug 2013	—	—	2.00
Bonus	27 Sep 2012	—	1:2	—
Dividend	27 Aug 2012	28 Aug 2012	—	1.00
Dividend	25 Aug 2011	—	—	3.50
Dividend	22 Jul 2010	—	—	3.00
Dividend	13 Aug 2009	—	—	2.50
Dividend	21 Aug 2008	—	—	2.50
Dividend	06 Sep 2007	—	—	2.00
Other	29 May 2006	05 Jun 2006	—	—	Right Issue of Equity Shares