HATSUN AGRO PRODUCT Ltd. (HATSUN) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.41%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 3.1%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 16.7%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,003.21

200-Day DMA ● Overlay

₹930.44

14-Day RSI ● Overlay

50.6 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹24,886 Cr

Large cap

Stock P/E (TTM) Valuation

71.0x

Price / EPS

Book Value (₹) Assets

₹82.1

P/B: 13.6x

ROE (%) Quality

16.7%

Net Profit / Equity

ROCE (%) Efficiency

12.9%

EBIT / Capital

Dividend Yield Yield

0.89%

Face Value: ₹10

Debt / Equity Solvency

1.10x

Manageable

EPS (TTM) Per Share

₹15.66

Trailing 12M

OPM (%) Spread

12.0%

EBITDA Margin

Free Cash Flow Cash

₹805.00 Cr

CFO - Capex

About HATSUN AGRO PRODUCT Ltd.

HATSUN AGRO PRODUCT Ltd. (HATSUN) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 8.6% × Turnover: 0.85x × Leverage: 2.1x = ROE: 16.7%

✓ Company Strengths (Pros)

• Delivers solid shareholder returns with an ROE of 16.7%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.10x.
• Stock is trading at a premium of 13.6x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹9,624 Cr

Latest PAT

₹348.00 Cr

EPS (TTM)

₹15.66

OPM %

12.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹2,238 Cr	₹2,334 Cr	₹2,454 Cr	₹2,550 Cr
Operating Profit (EBITDA)	₹255.08 Cr	₹275.39 Cr	₹299.40 Cr	₹321.35 Cr
OPM %	11.4%	11.8%	12.2%	12.6%
Interest Expense	₹20.41 Cr	₹22.03 Cr	₹23.95 Cr	₹25.71 Cr
Depreciation	₹30.61 Cr	₹33.05 Cr	₹35.93 Cr	₹38.56 Cr
Profit before Tax (PBT)	₹204.06 Cr	₹220.31 Cr	₹239.52 Cr	₹257.08 Cr
Net Profit (PAT)	₹153.04 Cr	₹165.23 Cr	₹179.64 Cr	₹192.81 Cr
EPS in ₹	₹3.40	₹3.55	₹3.73	₹3.88

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹3,657 Cr	₹4,138 Cr	₹4,716 Cr	₹5,389 Cr	₹6,159 Cr	₹6,641 Cr	₹7,122 Cr	₹8,277 Cr	₹8,950 Cr	₹9,432 Cr	₹9,624 Cr	₹10,009 Cr
Expenses	₹3,284 Cr	₹3,691 Cr	₹4,188 Cr	₹4,732 Cr	₹5,389 Cr	₹5,884 Cr	₹6,182 Cr	₹7,217 Cr	₹7,912 Cr	₹8,300 Cr	₹8,440 Cr	₹8,758 Cr
Operating Profit	₹373.03 Cr	₹446.94 Cr	₹528.17 Cr	₹657.51 Cr	₹769.92 Cr	₹757.02 Cr	₹940.07 Cr	₹1,059 Cr	₹1,038 Cr	₹1,132 Cr	₹1,184 Cr	₹1,251 Cr
OPM %	10.2%	10.8%	11.2%	12.2%	12.5%	11.4%	13.2%	12.8%	11.6%	12%	12.3%	12.5%
Interest	₹26.11 Cr	₹31.29 Cr	₹36.97 Cr	₹46.03 Cr	₹53.89 Cr	₹52.99 Cr	₹65.80 Cr	₹74.16 Cr	₹72.68 Cr	₹79.22 Cr	₹82.86 Cr	₹87.58 Cr
Depreciation	₹44.76 Cr	₹53.63 Cr	₹63.38 Cr	₹78.90 Cr	₹92.39 Cr	₹90.84 Cr	₹112.81 Cr	₹127.13 Cr	₹124.59 Cr	₹135.81 Cr	₹142.05 Cr	₹150.13 Cr
Profit before Tax	₹335.73 Cr	₹402.24 Cr	₹475.36 Cr	₹591.76 Cr	₹692.93 Cr	₹681.32 Cr	₹846.07 Cr	₹953.47 Cr	₹934.41 Cr	₹1,019 Cr	₹1,065 Cr	₹1,126 Cr
Net Profit	₹251.80 Cr	₹301.68 Cr	₹356.52 Cr	₹443.82 Cr	₹519.70 Cr	₹510.99 Cr	₹634.55 Cr	₹715.10 Cr	₹700.81 Cr	₹763.96 Cr	₹799.03 Cr	₹844.51 Cr
EPS in Rs	5.56	6.29	7.17	8.20	9.37	10.10	10.83	12.59	13.61	14.34	14.64	15.22

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹261.30 Cr	₹298.63 Cr	₹350.89 Cr	₹410.62 Cr	₹470.35 Cr	₹522.61 Cr	₹567.40 Cr	₹627.13 Cr	₹679.39 Cr	₹724.18 Cr	₹746.58 Cr
Reserves & Surplus	₹3,397 Cr	₹3,882 Cr	₹4,562 Cr	₹5,338 Cr	₹6,114 Cr	₹6,794 Cr	₹7,376 Cr	₹8,153 Cr	₹8,832 Cr	₹9,414 Cr	₹9,706 Cr
Borrowings (Debt)	₹3,737 Cr	₹4,270 Cr	₹5,018 Cr	₹5,872 Cr	₹6,726 Cr	₹7,473 Cr	₹8,114 Cr	₹8,968 Cr	₹9,715 Cr	₹10,356 Cr	₹10,676 Cr
Total Liabilities	₹6,533 Cr	₹7,466 Cr	₹8,772 Cr	₹10,265 Cr	₹11,759 Cr	₹13,065 Cr	₹14,185 Cr	₹15,678 Cr	₹16,985 Cr	₹18,105 Cr	₹18,665 Cr
Fixed Assets	₹3,136 Cr	₹3,584 Cr	₹4,211 Cr	₹4,927 Cr	₹5,644 Cr	₹6,271 Cr	₹6,809 Cr	₹7,526 Cr	₹8,153 Cr	₹8,690 Cr	₹8,959 Cr
Total Assets	₹6,533 Cr	₹7,466 Cr	₹8,772 Cr	₹10,265 Cr	₹11,759 Cr	₹13,065 Cr	₹14,185 Cr	₹15,678 Cr	₹16,985 Cr	₹18,105 Cr	₹18,665 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹582.33 Cr	₹663.21 Cr	₹776.44 Cr	₹873.50 Cr	₹1,003 Cr	₹1,100 Cr	₹1,213 Cr	₹1,375 Cr	₹1,488 Cr	₹1,585 Cr	₹1,618 Cr
Cash from Investing (CFI)	-₹361.05 Cr	-₹411.19 Cr	-₹481.39 Cr	-₹541.57 Cr	-₹621.80 Cr	-₹681.98 Cr	-₹752.18 Cr	-₹852.47 Cr	-₹922.67 Cr	-₹982.85 Cr	-₹1,003 Cr
Cash from Financing (CFF)	-₹186.35 Cr	-₹212.23 Cr	-₹248.46 Cr	-₹279.52 Cr	-₹320.93 Cr	-₹351.99 Cr	-₹388.22 Cr	-₹439.98 Cr	-₹476.22 Cr	-₹507.28 Cr	-₹517.63 Cr
Free Cash Flow (FCF)	₹293.50 Cr	₹334.26 Cr	₹391.33 Cr	₹440.24 Cr	₹505.46 Cr	₹554.38 Cr	₹611.45 Cr	₹692.98 Cr	₹750.04 Cr	₹798.96 Cr	₹815.27 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10.9%	11.3%	11.7%	12.1%	12.5%	12.9%	13.3%	13.7%	14.1%	14.5%	14.9%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹239.17 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,039.60

DCF Fair Value

₹239.17

Graham Number

₹170.08

Margin of Safety

-80%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹239.17

Premium / Overvalued (Margin: -80%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹233	₹231	₹229	₹227
10%	₹237	₹235	₹233	₹231
12%	₹241	₹239	₹237	₹235
14%	₹246	₹243	₹241	₹239

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹239	Fairly Valued
Benjamin Graham Number	₹170	Market Priced
Historical Sector P/E	₹345	Premium
EV / EBITDA Multiplier	₹1,092	In-Line
Free Cash Flow Yield Model	₹1,019	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

2.87 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.10x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 12.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

73.17%

FIIs (Foreign)

3.13%

DIIs (Domestic)

10.25%

Government

0.15%

Public / Retail

13.46%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	73.65%	73.53%	73.41%	73.29%	73.17%	73.05%	72.93%	72.81%
• Promoter & Promoter Group Family Trusts	35.12%	35.12%	35.12%	35.12%	35.12%	35.12%	35.12%	35.12%
• Operating Holding Companies & LLPs	27.80%	27.80%	27.80%	27.80%	27.80%	27.80%	27.80%	27.80%
• Key Executive Promoters (Individual)	10.24%	10.24%	10.24%	10.24%	10.24%	10.24%	10.24%	10.24%
+ FIIs (Foreign Portfolio)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	10.06%	10.11%	10.15%	10.20%	10.25%	10.30%	10.35%	10.39%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	11.14%	11.21%	11.29%	11.36%	11.43%	11.50%	11.57%	11.65%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

HATSUN Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

HATSUN Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

HATSUN Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹1,330.69

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹1,164.35

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 71x P/E.

🐻 Bear Case (15%) -12.0%

₹914.85

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:10 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ HATSUN AGRO PRODUCT Ltd. (HATSUN)	Target Stock	₹1,039.60	-0.41%	71.0x	16.7%	12.9%	1.10	₹24,886 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:10:29 IST	✓ Live Sync
Financial Statements (10Y)	HATSUN AGRO PRODUCT Ltd. Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

HATSUN AGRO PRODUCT Ltd.

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About HATSUN AGRO PRODUCT Ltd.

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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