Hatsun Agro Product Limited (531531) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹133B

A solid business, but screening 63% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹452.67). The favourable scenario is already priced in.
• Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹697.89 – ₹1,407 · fair‑value band ₹271.60 – ₹452.67 · the ₹972.35 price screens above the ₹362.14 fair value. Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

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Analysis

Hatsun Agro Product Limited (531531) currently trades at ₹972.35, while our model-based Fair Value estimate is ₹362.14, implying the stock looks roughly 62.8% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Hatsun Agro Product Limited generated revenue of ₹52.1B at a net margin of 3.0%. Revenue grew 3.8% year over year. It earns a return on equity of 18.6%. The stock trades on a trailing P/E of 100.3. Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹271.60 (bear case) to ₹452.67 (bull case); at ₹972.35, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at -39% fair-value upside, at -63%, 531531 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (₹610.64) versus Asset-Based (₹71.18). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Hatsun Agro Product Limited manufactures and markets ice creams, milk, milk products, and cattle feed primarily in India. The company offers standardized, full cream, and toned milk; and curd under the Arokya brand name.

Full company description

Hatsun Agro Product Limited manufactures and markets ice creams, milk, milk products, and cattle feed primarily in India. The company offers standardized, full cream, and toned milk; and curd under the Arokya brand name. It also provides milk, skimmed milk powder, dairy whitener, ghee, paneer cubes, table and cooking butter, and milk beverages under the Hatsun brand name; and ice cream cakes, bars, and shakes, as well as signature cones and chocolates under the Ibaco brand name. In addition, the company offers a range of ice creams, bars, flavoured tubs, and specialty products under the Arun brand; pizzas and cakes under the Oyalo brand name; cattle feed under the Santosa brand name; milk mixes and drinks under the Aniva brand name; and dairy ingredients, as well as milk-based refreshments like milkshakes, yogurt shakes, yogurt toppings, paneer snacks, coffee, and other hot beverages. Further, it offers dairy products through a network of Hatsun Daily outlets. The company distributes its milk and curd products through its logistics and distribution networks in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Maharashtra. It also exports its products to 38 countries, which primarily include the United States, the Middle East, and South Asia. Hatsun Agro Product Limited was founded in 1970 and is based in Chennai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hatsun Agro Product Limited reported revenue of ₹87.0B in FY2025 versus ₹55.5B in FY2021, a compound +11.9%/yr. Reported net income was ₹2.8B in FY2025, compounding +3.1%/yr from FY2021.

531531 screens 63% overvalued. Compare with Gujarat Ambuja Exports Limited →

Peer Group

Consumer Staples · 1640 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Food - Major Diversified” was too small, so the broader sector is used.)

Valuation Multiples vs Consumer Staples median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.