Hatsun Agro Products
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.