HNDFDSFast Moving Consumer Goods

Hindustan Foods Limited

Diversified FMCG · ISIN INE254N01026 · BSE 519126 · NSE EQ · FV ₹2
Last price
₹620
+2.29%today
What this company does

Hindustan Foods Limited operates in Diversified FMCG, part of the Fast Moving Consumer Goods sector. It booked ₹1,201 cr of revenue in its latest quarter (Q1 FY27) and kept 3.6% of sales as profit. It is the 3rd largest of 5 Diversified FMCG companies we track, by market value.

In the report:
41out of 100
Equitytale Health Score
Strained

Healthier than 41% of companies in Fast Moving Consumer Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 122–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Cash quality16

Whether reported profit actually arrives as cash

Valuation24

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 21% vs last year
Profit up 35% vs last year
Promoters hold 62%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 3.6% net margin

What if I invest in HNDFDS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹620 +2.29%
latest close · 2026-09-17
52-wk low ₹54942 sessions so far52-wk high ₹678
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio43.9High
LowAverageHigh
P/B ratio6.45High
Below bookModerateHigh
EV / EBITDA20.1High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.7%Fair
WeakFairStrong ▸15%
Return on capital15.7%Strong
WeakFairStrong
Net margin3.6%Thin
ThinDecentStrong
EBITDA margin8.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.90Moderate
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.41Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹7,519 cr
Book value
₹96
EPS
₹3.53
latest quarter
Net debt
₹1,014 cr
owes more than its cash
Enterprise value
₹8,533 cr
EBITDA
₹425 cr
annualised
EBIT
₹320 cr
annualised
Operating margin
6.7%
Return on assets
5.4%
Earnings yield
2.28%
P/S
1.56
Sales / share
₹396.4
Tax rate
24.4%
Face value
₹2
Shares
12.1 cr
Working capital
₹469 cr
Current assets
₹1,605 cr
Current liabilities
₹1,136 cr
Delivery %
59.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹65₹140, midpoint ₹88

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,201 cr
Other Income₹6 cr
Total Income₹1,207 cr
Cost of Materials₹964 cr
Purchases of Stock-in-Trade₹14 L
Inventory Change (±)₹-28 cr
Employee Benefit Expense₹69 cr
Finance Costs₹23 cr
Depreciation & Amortisation₹26 cr
Other Expenses₹95 cr
Total Expenses₹1,150 cr
Profit before Tax₹57 cr
Tax Expense₹14 cr
Share of JV / Associates₹-9 L
Net Profit₹43 cr
Net margin on total income3.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹936 cr77.6%
Employee benefit expense₹69 cr5.8%
Finance costs₹23 cr1.9%
Depreciation & amortisation₹26 cr2.2%
Other expenses₹95 cr7.9%
Tax expense₹14 cr1.1%
Profit for the period₹43 cr3.5%
Total income ₹1,207 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue998 cr1,117 cr1,201 cr
Total income1,000 cr1,121 cr1,207 cr
Expenses949 cr1,062 cr1,150 cr
Profit before tax47 cr57 cr57 cr
Tax11 cr16 cr14 cr
Net profit (owners' share)36 cr42 cr43 cr
Net margin (owners' share, on revenue)3.6%3.7%3.6%
EPS (₹)3.023.433.53
YoY (latest quarter): total income +20.9% · net profit +34.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,174 cr
Shareholder equity
₹1,165 cr
parent shareholders
Total debt
₹1,050 cr
Cash
₹36 cr
Cash flow · H1 FY26
Operating
₹109 cr
Investing
₹-161 cr
Financing
₹45 cr
Peer comparison
Diversified FMCG · by market value
CompanyPriceMarket capP/E
Hindustan Unilever Limited₹1,942₹4.56 L cr42.7
ITC Limited₹266₹3.34 L cr19.0
Hindustan Foods Limitedthis company₹620₹7,519 cr43.9
Godavari Biorefineries Limited₹243₹1,245 cr
Davangere Sugar Company Limited₹2₹295 cr51.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-21 Jul 2022
Who owns it · 2026-06-30
No pledge
Promoter
61.9%
FII / Foreign
5.9%
DII / Domestic
14.7%
Retail / others
17.6%
Promoter stake down 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBhairavi Prashant Sharma · Other2,500 · ₹15.5 L18 Aug 26
SoldRobin Dsouza · Employees/Designated Employees700 · ₹3.5 L30 Mar 26
SoldRobin Dsouza · Employees/Designated Employees1,700 · ₹8.5 L30 Mar 26
Bulk / block deals
BoughtINFINITY PORTFOLIO HOLDINGS · NSE14.65 L @ ₹529.654 Nov 25
SoldINFINITY HOLDINGS · NSE14.65 L @ ₹529.654 Nov 25
BoughtINFINITY PORTFOLIO HOLDINGS · NSE14.65 L @ ₹529.654 Nov 25
Stake changes
BoughtSoiru Dempo Family Private Trust · promoter→ 1.56% · 13.96 L21 May 26
BoughtVassudeva Dempo Family Private Trust · promoter→ 4.78% · 57.95 L21 May 26
BoughtShrinivas V Dempo · promoter→ 1.65%21 May 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 15 Oct 2025
See the official result
1
Approval of the Scheme of Arrangement between Avalon Cosmetics Private Limited (“ACPL” or “the Demerged Company” or “First Applicant Company”) and Vanity Case India Private Limited (“VCIPL” or “the Transferor Company” or “Second Applicant Company”) and Hindustan Foods Limited (“HFL” or “the Resulting Company” or “the Transferee Company” or “Third Applicant Company”) and their respective shareholders (the “Scheme”)
Promoters had a personal stake in this
Backed by 84% of shareholders other than promotersneeded 75%
1.97 cr votes for, 37.88 L against · 23% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 66 named members
owning 57.1% between them · as of 2026-06-30
ASHA RAMANLAL KOTHARI21.33%
SAMEER RAMANLAL KOTHARI16.37%
V.S. DEMPO HOLDINGS PRIVATE LIMITED10.65%
ADITI SAMEER KOTHARI5.38%
Shrinivas Vasudeva Dempo1.65%
SOIRU DEMPO FAMILY PRIVATE TRUST (SOIRU DEMPO MANAGEMENT HOLDING PRIVATE LIMITED)1.56%
SAVITA VINOD SHAH0.09%
MEENAL JASWANT SARVAIYA0.01%
Business done with them
FY2025 · 2 of the group
The company paid ₹4 cr to companies in the promoter group last year — about 0.1% of its ₹3,564 cr revenue.
SAMEER RAMANLAL KOTHARI
Other payments to them · Compensation
also owns 16.37% of the company
₹4 cr
company paid
Shrinivas Vasudeva Dempo
Other payments to them · Sitting fees
also owns 1.65% of the company
₹3 L
company paid

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹378 cr raised in Dec 2023 by selling shares to selected investors

As of Jun 2026, the company says it has spent 81% of what it set aside. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

Funding Inorganic growth opportunities and strategic acquisition
62%
of what was set aside
Funding capital expenditure for new Greenfield project of the Company
budget changed
91%
of what was set aside
Funding capital expenditure for new Greenfield project of the subsidiary Company
budget changed
58%
of what was set aside
Funding capital expenditure for Brown field project of the Company
budget changed
94%
of what was set aside
Funding capital expenditure for Brown field project of the subsidiary Company
budget changed
99%
of what was set aside
General Corporate purpose
budget changed
82%
of what was set aside
Total
budget changed
88%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.