MarketFriction

Huhtamaki India Ltd

NSE HUHTAMAKI · BSE 509820 · Packaging
₹232.72 -1.95%
NSE close2026-10-01
52 week range148.60 - 330.00
Market cap₹1,780 Cr.
P/E13.0
Price band 20% Delivery 48.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales662604610639652619610612625623613750
Expenses617546569607634593571570569568573675
Operating Profit465841321826394355544075
OPM %7%10%7%5%2.8%4.2%6%7%9%9%7%10%
Other Income337683615612798221
Interest865553333843
Depreciation111110121214131313142414
Profit before tax3041635511615353349413559
Tax %-6%21%26%24%26%23%25%25%25%26%27%26%
Net Profit3232726391212262537302644
EPS in Rs4.2743.353.455.101.551.553.463.304.874.013.395.79
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales1,1512,1812,1312,3692,5992,4632,6252,9832,5492,5212,4692,610
Expenses1,0301,9311,9112,1462,3052,2282,5152,8252,3542,4032,2782,386
Operating Profit121251220223294235110158195118192225
OPM %11%11%10%9%11%10%4.2%5%8%4.7%8%9%
Other Income13151317178-2217385653641
Interest263933412327283331181717
Depreciation399385858798928649475264
Profit before tax68133115114202118-3256500117158184
Tax %28%39%45%69%16%18%-28%11%18%25%25%
Net Profit4982643517096-235041088118136
EPS in Rs6.7511.218.424.6222.5212.71-3.006.5754.2411.6515.6518.06
Dividend Payout %41%27%36%65%13%24%-33%30%9%17%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%0%-6%5%
Compounded Profit Growth9%4%34%87%
Stock Price CAGR-1%-2%-3%2%
Return on Equity10%7%9%9%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital151515151515151515151515
Reserves5724955345416827507017421,1351,1781,2781,334
Borrowings402435406403273295409410255149144145
Other Liabilities298501480491544523684584596595567722
Total Liabilities1,2881,4461,4351,4511,5141,5831,8081,7512,0011,9372,0042,216
Fixed Assets186465437518486561537479483598604600
CWIP3224816433513140358
Investments7551951382161181080151194128
Other Assets3437848589089599871,2281,2371,3071,1481,1711,479
Total Assets1,2881,4461,4351,4511,5141,5831,8081,7512,0011,9372,0042,216
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity7913616696101285169-28133274142238
Cash from Investing Activity-195-482-05-29-88-73-56-9040-77-156
Cash from Financing Activity112346-150-87-68-200-7449-32-211-161-36
Net Cash Flow-4-116133-322-3511102-9646
Free Cash Flow91091433439229126-1044118281184
CFO/OP91%128%90%66%78%117%91%-12%92%154%117%120%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days706977908887798881798382
Inventory Days423845494838526850575246
Days Payable697081938291931128098100102
Cash Conversion Cycle433742465435384351373526
Working Capital Days381731495119293434414139
ROCE %15%12%18%16%15%22%14%2%7%12%7%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%67.73%
FIIs1.43%0.89%1.21%1.39%1.40%1.19%1.16%1.10%0.90%1.12%1.34%0.66%
DIIs1.25%1.32%1.30%1.04%1.40%1.28%1.08%0.63%0.39%1.12%1.14%1.03%
Public29.58%30.06%29.76%29.83%29.48%29.80%30.02%30.53%30.98%30.03%29.79%30.58%
No. of Shareholders26,83026,54431,02633,30234,82535,58835,25635,91335,72635,35635,29635,339

Fundamentals

Market Cap₹ 1,780 Cr.
Current Price₹ 236
Stock P/E13.0
Book Value₹ 179
ROCE12.0 %
ROE8.96 %
Dividend Yield0.85 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)87%
Standalone figures.
Valuation
Market capRs 1,758 Cr
Enterprise valueRs 1,603 Cr
P/E (TTM)12.89x
Price to book1.36x
Price to sales0.67x
EV / EBITDA6.04x
EV / EBIT7.96x
EV / sales0.61x
Price to cash flow7.39x
Earnings yield7.76%
Dividend yield0.86%
P/E, 3-year average14.10x
P/B, 3-year average1.62x
P/E, 5-year average18.16x
P/B, 5-year average1.85x
Profitability
Operating margin (excl. other income)7.76%
Operating margin (incl. other income)9.22%
EBITDA margin10.17%
Pre-tax margin7.05%
Net profit margin5.23%
Net margin, latest quarter5.83%
ROE9.50%
ROCE12.63%
ROA6.00%
ROE, 3-year average19.99%
ROCE, 3-year average21.26%
ROA, 3-year average10.77%
ROE, 5-year average12.73%
ROCE, 5-year average14.23%
ROA, 5-year average6.75%
ROIC (approx.)13.20%
Tax rate25.34%
Other income / net worth2.80%
Growth
Sales growth (latest year)-2.05%
Profit growth (latest year)34.32%
Sales CAGR, 3 years-6.10%
Sales CAGR, 5 years0.05%
Profit CAGR, 3 years33.52%
Profit CAGR, 5 years4.24%
Sales growth QoQ22.33%
Profit growth QoQ70.82%
Sales growth YoY (latest quarter)22.51%
Profit growth YoY (latest quarter)75.34%
Per share
EPS (TTM)Rs 18.06
EPS (latest year)Rs 15.65
EPS (latest quarter)Rs 5.79
EPS, 3-year averageRs 27.18
EPS, 5-year averageRs 17.02
Book value per shareRs 171.28
Sales per shareRs 345.64
Cash flow per shareRs 31.49
Free cash flow per shareRs 24.36
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 2.40
Dividends
Dividend payout12.79%
Dividend payout, 3-year average13.06%
Dividend payout, 5-year average17.41%
Efficiency
Asset turnover1.23x
Fixed asset turnover4.09x
Inventory turnover8.71x
Inventory days42 days
Debtor days82 days
Debtors turnover4.46x
Creditor days102 days
Cash conversion cycle26 days
Working capital days39 days
Leverage
Total debtRs 144 Cr
Cash and bankRs 299 Cr
Net debtRs -155 Cr
Debt to equity0.11x
Net debt / EBITDA-0.58x
Interest coverage11.59x
Current ratio (filing 2026-06-30)2.19x
Quick ratio (filing 2026-06-30)1.63x
Trade payables (filing 2026-06-30)Rs 608 Cr
Owners' fund to total sources64.54%
Debt to assets7.19%
Cash flow
Cash from Operating Activity (latest year)Rs 238 Cr
Cash from Investing Activity (latest year)Rs -156 Cr
Cash from Financing Activity (latest year)Rs -36 Cr
Net Cash Flow (latest year)Rs 46 Cr
Free cash flow (latest year)Rs 184 Cr
FCFE (approx.: FCF + change in debt)Rs 179 Cr
Cash from ops / profit, 5 years1.18x
Sales to cash flow10.38x
Statement figures
Net sales (TTM)Rs 2,610 Cr
Net sales (latest year)Rs 2,469 Cr
Sales (latest quarter)Rs 750 Cr
Operating profit excl. other income (latest year)Rs 192 Cr
Operating profit (latest quarter)Rs 75 Cr
Other income (TTM)Rs 41 Cr
EBITDA (TTM)Rs 266 Cr
PBDT (TTM)Rs 248 Cr
Profit before tax (TTM)Rs 184 Cr
Tax (latest year)Rs 40 Cr
Net profit (TTM)Rs 136 Cr
Net profit (latest year)Rs 118 Cr
Net profit (latest quarter)Rs 44 Cr
Depreciation (TTM)Rs 64 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 1,793 Cr
Total expenditure (latest year)Rs 2,278 Cr
Total income (latest year)Rs 2,506 Cr
Share capitalRs 15 Cr
ReservesRs 1,278 Cr
Shareholders' fundsRs 1,294 Cr
Total assetsRs 2,004 Cr
Net blockRs 604 Cr
Capital work in progressRs 35 Cr
InvestmentsRs 194 Cr
ReceivablesRs 554 Cr
InventoryRs 206 Cr
Other liabilitiesRs 567 Cr
Shares outstanding (crore)7.55
Ownership
Promoter holding67.73% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.9 is at the 23th percentile of its own 8.7-year range (median 21.5, low 4.2, high 57.3).
P/B 1.36 is at the 10th percentile (median 2.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHUHTAMAKINifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month-10.1%-6.8% -3.3 pts
3 months+7.9%-7.6% +15.5 pts
6 months+55.3%+0.4% +54.8 pts
1 year-1.5%-9.9% +8.4 pts
2 years-40.6%-13.6% -27.0 pts
3 years-9.5%+14.2% -23.7 pts
5 years-12.6%+27.9% -40.5 pts
2 mutual fund schemes hold about ₹10 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Retirement Fund-Hybrid-Equity Plan0.63%10 +24%
HDFC Retirement Fund-Hybrid-Debt Plan0.27%0 +26%

Red flags

F-score 7 of 8
lookRegulator order or action Regulator order or action 2026-09-11: Huhtamaki India Limited has informed the Exchange about Demand Notice issued by Assistant Engineer, Dadra and Nagar Haveli Planning and Deve
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

Jun 2026
Sales ₹750 Cr +22.5% vs Jun 2025. Net profit ₹44 Cr +76.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
EPL Ltd7,46518.217.8 %
AGI Greenpac Ltd5,13013.919.5 %
Uflex Ltd4,6686.757.03 %
TCPL Packaging Ltd3,74831.017.9 %
Polyplex Corporation Ltd3,32921.40.89 %
Jindal Poly Films Ltd2,93850.2-1.99 %
XPRO India Ltd2,72483.43.78 %
Cosmo First Ltd2,18812.811.2 %
Knack Packaging Ltd2,16121.234.1 %
Mold-Tek Packaging Ltd2,13428.113.3 %
Arrow Greentech Ltd1,31420.629.6 %
Commercial Syn Bags Ltd1,09934.815.0 %
Dhunseri Ventures Ltd1,0025.256.74 %
Ester Industries Ltd8822.75 %
Haldyn Glass Ltd83026.813.5 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-04-23Dividend - Rs 2 Per Share
2025-04-24Dividend - Rs 2 Per Share
2024-04-24Dividend - Rs 5 Per Share
2023-04-20Annual General Meeting/Dividend - Rs 2 Per Share
2022-04-20Annual General Meeting/Dividend - Re 1 Per Share
2021-06-09 Annual General Meeting/Dividend - Rs 3 Per Share
2020-06-11 Dividend - Rs 3 Per Share
2019-04-24 Annual General Meeting / Dividend -Rs 3 Per Share
2018-04-25 Dividend- Rs 3 Per Share
2017-05-31 Annual General Meeting/ Dividend Rs 3/- Per Share
2016-04-27 Final Dividend - Rs 2.80/- Per Share
2015-04-23Annual General Meeting/Dividend Rs. - 2.80/- Per Share
2014-04-22Annual General Meeting / Dividend - Rs 2.80/- Per Share
2013-04-22Annual General Meeting / Dividend Rs.2.60 Per Equity Share
2012-04-24Annual General Meeting And Dividend Rs.2.40 Per Share
2011-04-18Dividend Rs 2.20 Per Share
2010-04-16Div-Fin Rs.2 + Spl Re.1
2009-04-17Agm/Dividend-90%
2008-04-29Agm/Div-Rs.1.80 Per Share
2007-05-25Fv Split Rs.10/- To Rs.2/0.2000
2007-04-19Agm/Dividend-Rs9/- Per Sh
2006-04-27Agm/Fin Div-Rs.7/- Per Sh
DateTypeWhat it says
2026-09-11Regulatory actionDemand Notice issued by Assistant Engineer, Dadra and Nagar Haveli Planning and Development Authority approving grant of Occupancy Certificate subject...
2026-09-01Closure of operationsClosure of operations of PS labels factory at Baddi.
2026-08-19AppointmentAppointment of Ms Akanksha Kandoi as Company Secretary & Compliance Officer of the company w.e.f. August 24, 2026.
2026-08-19Change in Company Secretary/Appointment of Ms. Akanksha Kandoi as Company Secretary and Compliance Officer w.e.f. August 24, 2026
2026-08-12Credit Rating- OthersReaffirmation of Credit Rating
2026-07-31Concall / analyst meetTranscript
2026-07-27Concall / analyst meetLink of Recording
2026-07-27Investor PresentationInvestor Presentation
2026-07-21Concall / analyst meetSchedule of meet
2026-07-21Press ReleaseA press release dated July 21, 2026, titled "Press Release for Q2 Results".
2026-07-21Board meeting outcomeHuhtamaki India Limited has submitted to the Exchange, the unaudited financial results for the period ended Jun 30, 2026.
2026-05-27Disclosure under SEBI TakeovHuhtamaki India Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-05-20General UpdatesKey Managerial Personnel for determining Material Events under Regulation 30 (5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations...
2026-05-18Concall / analyst meetTranscript
2026-05-15ResignationResignation of Director/KMP/SMP
2026-05-15ResignationResignation of Mr Abhijaat Sinha as Company Secretary & Compliance Officer of the company w.e.f. Jun 10, 2026.
2026-05-13Concall / analyst meetLink of Recording
2026-05-13Investor PresentationInvestor Presentation
2026-05-12Press ReleaseA press release dated May 12, 2026, titled "Press Release for Q1 results".
2026-05-12Board meeting outcomeHuhtamaki India Limited has submitted to the Exchange, the unaudited financial results for the period ended March 31, 2026.
2026-05-09ResignationResignation of Director/KMP/SMP
2026-05-08Concall / analyst meetSchedule of meet
2026-05-08ResignationResignation of Mr Himanshu Desai as Head of Operations of the company w.e.f. May 08, 2026.
2026-05-08Shareholder meetingHuhtamaki India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on May 08, 2026
2026-05-08Shareholder meetingProceedings of Annual General Meeting held on May 08, 2026
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.
Order dateForumCase
2021-08-16NCLTHuhtamaki PPL Ltd Vs VHV Beverages Pvt Ltd
2021-07-22NCLTHuhtamaki PPL Ltd Vs VHV Beverages Pvt Ltd
2021-07-06NCLTHuhtamaki PPL Ltd Vs VHV Beverages Pvt Ltd
2021-05-18NCLATAbhishek Singh VS Huhtamaki PPL Ltd
2021-04-16NCLATAbhishek Singh VS Huhtamaki PPL Ltd
2021-04-05NCLATAbhishek Singh VS Huhtamaki PPL Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
High low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Huhtamaki India Ltd?

Huhtamaki India Ltd (HUHTAMAKI) has a market capitalisation of Rs 1,780 Cr. at the 2026-10-01 close.

What is the P/E ratio of Huhtamaki India Ltd?

Huhtamaki India Ltd trades at a P/E of 13.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Huhtamaki India Ltd's latest quarterly results?

In the Jun 2026 quarter, Huhtamaki India Ltd sales was Rs 750 Cr (+22.5% vs Jun 2025) and net profit was Rs 44 Cr.

What is the 52-week high and low of Huhtamaki India Ltd?

The 52-week high is Rs 330.00 and the 52-week low is Rs 148.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03