Hat­sun Agro Prod­ucts

Flash News Investment - - RECOMMENDATIONS -

Hat­sun Agro is a ma­jor player in the dairy sec­tor which sells dairy prod­ucts in­clud­ing liq­uid milk, ice-creams, curds, pa­neer, ghee and dairy whitener. It has strong base in South In­dia and has al­ready in­vested Rs 460 crore in FY17. In the up­com­ing two years, the com­pany is plan­ning capex of Rs 390-850 crore for strength­en­ing its mar­ket­ing net­work, ex­pand­ing pro­duc­tion ca­pac­i­ties by set­ting up a green­field project in Ma­ha­rash­tra. On the fi­nan­cial front, the com­pany’s rev­enue has grown at a CAGR of 18.9 per cent and net profit by CAGR of 19.7 per cent over the last three years. In FY17, its rev­enue grew in dou­ble dig­its at 21.9 per cent and its PAT jumped by 121.4 per cent on a YoY ba­sis. Cur­rently, it is fo­cus­ing on di­ver­si­fy­ing its prod­uct port­fo­lio by mak­ing tasty and healthy ready-to-eat foods. Con­sid­er­ing these fac­tors, we rec­om­mend our read­ers to BUY this scrip.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.