| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 2,898 | 2,381 | +21.7% |
| EBITDA | 331 | 331 | +0.2% |
| EBITDA margin | 11.4% | 13.9% | −2.5 pts |
| Profit before tax | 153 | 162 | −5.6% |
| Net profit | 116 | 120 | −3.7% |
| EPS | ₹5.19 | ₹5.40 | −3.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 22,440 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 37.5 | 49.4 | 50.1 | 50.7 | 37.1 | ||
| 1,332 | 1,332 | 2,097 | 2,272 | 1,448 | ||
| 23,735 | — | — | — | — | ||
| 10,880 | 9,959 | 8,667 | 7,990 | 7,247 | ||
| — | +14.9% | +8.5% | +10.3% | — | ||
| 1,175 | 1,177 | 1,014 | 899 | 701 | ||
| 10.8% | 11.8% | 11.7% | 11.3% | 9.7% | ||
| 586 | 603 | 548 | 489 | 340 | ||
| 367 | 356 | 285 | 267 | 166 | ||
| 3.4% | 3.6% | 3.3% | 3.4% | 2.3% | ||
| ₹16.49 | ₹15.99 | ₹12.81 | ₹12.00 | ₹7.44 | ||
| — | +24.8% | +6.8% | +61.2% | — | ||
| — | 1,557 | 1,443 | −71.5 | 741 | ||
| — | −439 | −653 | −535 | −471 | ||
| 1,118 | 1,118 | 790 | −607 | 270 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 22,440.4 | |
| - Cash, Equiv & ST Investments | 37.1 | 50.7 | 50.1 | 49.4 | 37.5 | |
| + Total Debt | 1,447.9 | 2,271.5 | 2,096.5 | 1,332.0 | 1,332.0 | |
| Enterprise Value | — | — | — | — | 23,734.9 | |
| Revenue | 7,247.0 | 7,990.4 | 8,667.2 | 9,959.2 | 10,880.4 | |
| Growth %, YoY | — | +10.3 | +8.5 | +14.9 | — | |
| EBITDA | 701.4 | 899.0 | 1,013.7 | 1,176.6 | 1,174.5 | |
| Margin % | 9.68 | 11.25 | 11.70 | 11.81 | 10.79 | |
| EBIT | 339.9 | 489.5 | 548.4 | 603.0 | 585.9 | |
| Net Income | 165.9 | 267.3 | 285.4 | 356.2 | 367.4 | |
| Margin % | 2.29 | 3.35 | 3.29 | 3.58 | 3.38 | |
| EPS, Adj (current shares) | 7.44 | 12.00 | 12.81 | 15.99 | 16.49 | |
| Growth %, YoY | — | +61.2 | +6.8 | +24.8 | — | |
| Cash from Operations | 741.2 | -71.5 | 1,443.1 | 1,556.5 | — | |
| Capital Expenditures | -471.2 | -535.3 | -653.3 | -438.6 | — | |
| Free Cash Flow | 270.0 | -606.7 | 789.8 | 1,118.0 | 1,118.0 | |
Prices at the previous close · figures from the company's filings with NSE
Hatsun Agro Product (NSE: HATSUN) had a market capitalisation of ₹22,440 crore at the previous close (₹1,007.20 a share), a PE ratio of 61.1 on the last four quarters' profit and a price-to-book ratio of 11.37. In FY26 its standalone net profit was ₹356 crore on revenue of ₹9,959 crore; in Q2 FY27 (July–September 2026) it was ₹116 crore, down 3.7% year on year. Its debt-to-equity ratio was 0.64 on 30 September 2026. Promoters held 73.64% of the shares on 30 September 2026.
Hatsun Agro Product's PE ratio is 61.1 at the previous close (₹1,007.20 a share): a market capitalisation of ₹22,440 crore divided by standalone net profit of ₹367 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹356 crore) it is 63.0.
Hatsun Agro Product's price-to-book (PB) ratio is 11.37 at the previous close: a market capitalisation of ₹22,440 crore divided by shareholders' equity (book value) of ₹1,973 crore on 30 September 2026. That is a book value of ₹88.56 per share against a share price of ₹1,007.20.
Hatsun Agro Product's book value per share was ₹88.56 on 30 September 2026: shareholders' equity of ₹1,973 crore divided by the 22.28 crore shares in issue, up 6.1% from ₹83.44 a year earlier. The share price at the previous close was ₹1,007.20.
Hatsun Agro Product's market capitalisation was ₹22,440 crore at the previous close: 22.28 crore shares at ₹1,007.20 each.
No. Hatsun Agro Product had borrowings of ₹1,255 crore on 30 September 2026 (standalone balance sheet), a debt-to-equity ratio of 0.64. Its cash and current investments were ₹39.7 crore, so its net debt was ₹1,215 crore.
In 2026, Hatsun Agro Product has declared one dividend: ₹10 (interim) with record date 26 May 2026.
Hatsun Agro Product's debt-to-equity ratio was 0.64 on 30 September 2026: borrowings of ₹1,255 crore against total equity of ₹1,973 crore. A year earlier, on 30 September 2025, it was 0.82.
Hatsun Agro Product's net worth — shareholders' equity in its standalone balance sheet — was ₹1,973 crore on 30 September 2026, up 6.1% from ₹1,859 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹22,440 crore at the previous close.
Hatsun Agro Product's basic earnings per share (EPS) were ₹15.99 in FY26, against ₹12.81 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹16.48.
In FY26, Hatsun Agro Product's return on equity (ROE) was 19.4% and its return on capital employed (ROCE) was 19.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 17.3% and ROCE 18.4%.
Hatsun Agro Product's dividend yield is 0.99% at the previous close: dividends of ₹10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,007.20. They were ₹10 on 26 May 2026 (interim).
Promoters held 73.64% of Hatsun Agro Product on 30 September 2026, up 0.47 percentage points from 73.17% the previous quarter and up 0.47 percentage points from 73.17% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Hatsun Agro Product's shares were held by promoters 73.64%, foreign portfolio investors (FII/FPI) 3.06%, domestic institutions (DII) 10.28% (including mutual funds at 9.84%) and retail and other non-institutional investors 13.02%. Over the year, FII holding was down 0.20 percentage points from 3.26% and DII holding was down 0.08 percentage points from 10.36%.
In FY26, Hatsun Agro Product generated ₹1,557 crore of cash from operations and spent ₹439 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,118 crore. In FY25 it was ₹790 crore.
On FY26 standalone figures, against Kwality Wall's, Dodla Dairy and Vadilal Industries: Hatsun Agro Product's operating margin of 6.1% is the second highest of the four (Kwality Wall's −12.6%, Dodla Dairy 4.8%, Vadilal Industries 10.5%; peer average 0.9%); its return on equity of 19.4% is the highest of the four (Kwality Wall's −54.9%, Dodla Dairy 16.4%, Vadilal Industries 18.3%; peer average −6.7%).
Hatsun Agro Product's latest results are for Q2 FY27 (July–September 2026), filed on 22 October 2026: standalone net profit ₹116 crore, down 3.7% from ₹120 crore in Q2 FY26; revenue from operations ₹2,898 crore, up 21.7% year on year.
In FY26 (April 2025–March 2026), Hatsun Agro Product's standalone net profit was ₹356 crore, up 24.8% from ₹285 crore in FY25, on revenue from operations of ₹9,959 crore (up 14.9%). Over three years, from FY23, net profit was up 114.8%.
In FY26, Hatsun Agro Product earned net profit of ₹356 crore on revenue of ₹9,959 crore, against ₹369 crore on ₹2,245 crore for Kwality Wall's. Hatsun Agro Product's operating margin was 6.1% (Kwality Wall's −12.6%) and its return on equity 19.4% (Kwality Wall's −54.9%).
Hatsun Agro Product has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
From Hatsun Agro Product's own standalone results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.