Price
Financials
Standalone, Rs crore| Jun 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|
| Sales | 7.79 | 15.59 | 18.48 |
| Expenses | 6.77 | 13.54 | 15.63 |
| Operating Profit | 1.02 | 2.05 | 2.85 |
| OPM % | 13.09% | 13.15% | 15.42% |
| Other Income | 0.01 | 0.12 | 0.08 |
| Interest | 0.14 | 0.29 | 0.16 |
| Depreciation | 0.11 | 0.11 | 0.12 |
| Profit before tax | 0.78 | 1.77 | 2.65 |
| Tax % | 19.23% | 25.99% | 27.92% |
| Net Profit | 0.63 | 1.31 | 1.91 |
| EPS in Rs | 1.64 | 3.02 | 4.40 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 6.29 | 7.42 | 10.87 | 12.10 | 15.63 | 26.43 | 48.75 |
| Expenses | 6.15 | 7.03 | 10.30 | 10.92 | 13.80 | 22.29 | 41.81 |
| Operating Profit | 0.14 | 0.39 | 0.57 | 1.18 | 1.83 | 4.14 | 6.94 |
| OPM % | 2.23% | 5.26% | 5.24% | 9.75% | 11.71% | 15.66% | 14.24% |
| Other Income | 0.05 | 0.04 | 0.07 | 0.11 | 0.00 | 0.16 | 0.36 |
| Interest | 0.09 | 0.22 | 0.20 | 0.29 | 0.34 | 0.52 | 0.82 |
| Depreciation | 0.01 | 0.03 | 0.06 | 0.18 | 0.13 | 0.29 | 0.44 |
| Profit before tax | 0.09 | 0.18 | 0.38 | 0.82 | 1.36 | 3.49 | 6.04 |
| Tax % | 22.22% | 27.78% | 26.32% | 37.80% | 25.00% | 28.37% | 27.32% |
| Net Profit | 0.07 | 0.13 | 0.27 | 0.50 | 1.02 | 2.50 | 4.40 |
| EPS in Rs | 7.00 | 13.00 | 12.44 | 23.04 | 3.79 | 6.50 | 10.14 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 46% | 59% | 84% | ||
| Compounded Profit Growth | % | 102% | 106% | 76% | ||
| Stock Price CAGR | % | % | % | 267% | ||
| Return on Equity | % | 29% | 28% | 24% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.22 | 0.22 | 2.69 | 3.84 | 4.34 |
| Reserves | 0.10 | 0.22 | 0.76 | 1.27 | 0.66 | 7.55 | 20.78 |
| Borrowings | 0.38 | 1.28 | 1.48 | 1.94 | 2.26 | 4.47 | 1.73 |
| Other Liabilities | 0.47 | 0.48 | 1.13 | 1.47 | 2.36 | 4.38 | 8.59 |
| Total Liabilities | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 35.44 |
| Fixed Assets | 0.13 | 0.35 | 0.44 | 0.61 | 0.91 | 3.81 | 6.02 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Other Assets | 0.92 | 1.73 | 3.15 | 4.29 | 7.06 | 16.42 | 29.42 |
| Total Assets | 1.05 | 2.08 | 3.59 | 4.90 | 7.97 | 20.24 | 35.44 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.37 | 0.04 | 0.02 | -0.51 | -0.29 | -1.19 | -4.31 |
| Cash from Investing Activity | -0.11 | -0.26 | -0.07 | -0.34 | -0.43 | -3.21 | -2.65 |
| Cash from Financing Activity | -0.19 | 0.42 | 0.09 | 0.59 | 0.83 | 7.27 | 10.13 |
| Net Cash Flow | 0.07 | 0.20 | 0.04 | -0.26 | 0.11 | 2.87 | 3.17 |
| Free Cash Flow | 0.26 | -0.22 | -0.12 | -0.85 | -0.72 | -4.39 | -6.96 |
| CFO/OP | 264% | 15% | 12% | -33% | -1% | -13% | -50% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 5.80 | 6.39 | 25.86 | 31.07 | 52.78 | 116.70 | 63.49 |
| Inventory Days | 32.52 | 336.09 | 249.54 | 96.51 | 135.65 | 80.65 | 122.45 |
| Days Payable | 29.63 | 144.55 | 180.64 | 43.87 | 61.13 | 66.51 | 54.57 |
| Cash Conversion Cycle | 8.69 | 197.93 | 94.76 | 83.71 | 127.30 | 130.83 | 131.36 |
| Working Capital Days | -6.38 | -4.43 | 5.04 | 34.99 | 64.45 | 65.60 | 106.54 |
| ROCE % | 36.70% | 28.57% | 37.69% | 37.61% | 37.35% | 32.12% |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 70.10% | 70.10% | 62.08% | 62.08% |
| FIIs | 0.00% | 0.00% | 0.16% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.71% | 0.50% |
| Public | 29.90% | 29.90% | 37.05% | 37.41% |
| No. of Shareholders | 228 | 340 | 786 | 874 |
Fundamentals
Market Cap₹ 388 Cr.
Current Price₹ 893
Stock P/E68.3
Book Value₹ 57.9
ROCE32.1 %
ROE24.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)84%
Compounded Profit Growth (TTM)76%
Standalone figures.
Valuation
Market capRs 397 Cr
Enterprise valueRs 399 Cr
P/E (TTM)794.32x
Price to book266.55x
Price to sales32.82x
EV / EBITDA309.12x
EV / EBIT359.25x
EV / sales32.96x
Earnings yield0.13%
Profitability
Operating margin (excl. other income)9.75%
Operating margin (incl. other income)10.66%
EBITDA margin10.66%
Pre-tax margin6.78%
Net profit margin4.13%
ROE40.49%
ROCE37.69%
ROA11.78%
ROE, 3-year average44.01%
ROCE, 3-year average34.32%
ROA, 3-year average9.87%
ROIC (approx.)22.27%
Tax rate37.80%
Other income / net worth7.38%
Growth
Sales growth (latest year)11.32%
Profit growth (latest year)85.19%
Sales CAGR, 3 years24.37%
Profit CAGR, 3 years92.59%
Per share
EPS (TTM)Rs 1.15
EPS (latest year)Rs 23.04
EPS, 3-year averageRs 16.16
Book value per shareRs 3.43
Sales per shareRs 27.88
Cash flow per shareRs -1.18
Free cash flow per shareRs -16.03
Efficiency
Asset turnover2.47x
Fixed asset turnover19.84x
Inventory turnover4.12x
Inventory days89 days
Debtor days31 days
Debtors turnover11.75x
Creditor days55 days
Cash conversion cycle131 days
Working capital days107 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 0 Cr
Net debtRs 2 Cr
Debt to equity1.30x
Net debt / EBITDA1.25x
Interest coverage3.83x
Owners' fund to total sources30.41%
Debt to assets39.59%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-0.72x
Statement figures
Net sales (TTM)Rs 12 Cr
Net sales (latest year)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 9 Cr
Total expenditure (latest year)Rs 11 Cr
Total income (latest year)Rs 12 Cr
Share capitalRs 0 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 1 Cr
Total assetsRs 5 Cr
Net blockRs 1 Cr
ReceivablesRs 1 Cr
InventoryRs 2 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.43
Ownership
Promoter holding62.08%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | HOACFOODS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +8.7% | -2.8% | +11.5 pts |
| 1 month | +0.1% | -6.8% | +6.9 pts |
| 3 months | +30.0% | -7.6% | +37.6 pts |
| 6 months | +146.6% | +0.4% | +146.2 pts |
| 1 year | +295.3% | -9.9% | +305.3 pts |
| 2 years | +494.2% | -13.6% | +507.7 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -50% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 21% of total assets in 2026 |
| look | Inventory outrunning sales Inventory grew 64% vs sales +11% in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 2Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)