The share price of this Small cap FMCG firm gained by 2.1 percent to an Intraday high of Rs 546.65 per share on Thursday after prominent Morgan Stanley and Samsung India 2.0 Equity Master Investment bought a stake in the company.
With a market capitalization of Rs 6,005 crores, the shares of Hindustan Foods Ltd went up by 2.1 percent and closed at Rs 523 a piece on Thursday’s market hours.
As per the NSE block deals, domestic institutional investors (DII’s) such as Aditya Birla Sun Life Insurance Company and ICICI Prudential Life Insurance have bought equity shares of 29,88,047 units and 56,77,290 of Hindustan Foods respectively at Rs 502 a piece.
Also, Major Foreign Institutional Investors such as Morgan Stanley and Samsung India 2.0 Equity Master Investment Trust have bought stakes of 10,70,000 units and 8,30,000 units respectively of Hindustan Foods for the same price.
DIIs such as Infinity Consumer Holdings and Jwalamukhi Investment Holdings have sold equity shares of 31,00,000 and 62,81,871 units respectively at Rs 502 a piece in Hindustan Foods.
Reviewing the financials of Hindustan Foods Ltd on a year-on-year basis, the revenues rose by 6.04 percent from Rs 2,598 crores in FY23 to Rs 2,755 crores in FY24. In the same time frame, the net profits increased from Rs 71 crores to Rs 93 crores demonstrating a 30.9 percent increase.
In FY24, The EBITDA rose to Rs 229 crores from Rs 177.7 crores in FY23, marking a 29 percent year-on-year growth. , Profit after tax increased to Rs 93 crores in FY24 from Rs 71.7 crores in FY23, reflecting a 31 percent growth. Return on equity stood at 18.2 percent, debt to equity at 1.06 times, and Earnings per share at Rs 8.23, showing a 30 percent growth year-on-year all for the year 2024.
The company is also has future plans for sustainability which includes integrating solar power and rainwater harvesting in new factories to reduce reliance on traditional energy sources and conserve water. They are also adopting smart lighting, digital payment methods, and LED bulbs to minimize energy consumption. Additionally, efforts to reduce paper usage aim to further decrease energy consumption and waste.
The shares of this company generated both negative returns of 1.33 percent for the past year and 4.24 percent for the past six months.
As of March 2024, the firm’s shareholding pattern stood at 63.81 percent for promoters, 22.30 percent for the public, 6.70 percent for the foreign institutional investors, and 7.19 percent for the domestic institutional investors.
Incorporated in the year 1984, Hindustan Foods Limited is an India-based company, which is engaged in contract manufacturing of various FMCG products including food, home care, personal care, beverages etc. They are also into the manufacturing of leather shoes and accessories
Written By Zahal.
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