Hatsun Agro Product share price today

Hatsun Agro Product Ltd's share price was ₹1,046.20 at the close on 4 November 2026. It has been rising for 9 weeks. That is 4.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹879 and ₹1,223, and at that close it sat 49% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Hatsun Agro Product Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

Over the last 11 years the share price moved +402% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: revenue up on a year earlier for 10 quarters in a row.

1. Revenue up on a year earlier for 10 quarters in a row

   In the September 2026 quarter revenue was ₹2,898 crore, +19.4% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Hatsun Agro Product reported revenue of ₹2,898 crore, up 19.4% from ₹2,428 crore a year earlier, and a profit of ₹116 crore, up 5.5% from ₹110 crore.

Hatsun Agro Product results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Hatsun Agro Product closed at ₹1,046.20 on 4 November 2026, up 0.4% from ₹1,041.90 a year earlier (7 November 2025) and down 22.1% over five years. Its highest weekly close since March 2016 was ₹1,434.17 on 8 October 2021.

Hatsun Agro Product share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Hatsun Agro Product closed at ₹1,046.20, up 5.0% on the week and down 6.2% on the month. Our read, 10 Oct 2026: Hatsun has cash-supported distribution and geographic expansion, but rising sales are not yet producing a renewed profit turn.

Earlier

• Results for July to September 2026: Revenue up 19.4% and profit up 5.5% on a year earlier.
• 26 May 2026: ex-date for an interim dividend of ₹10 a share.

Our read of the business

April to June 2026: Sales growth fails to protect profit.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Hatsun Agro Product paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.96% at the ₹1,046.20 close on 4 November 2026. The last was an interim dividend of ₹10 a share, ex-date 26 May 2026.

Hatsun Agro Product dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Hatsun Agro Product Ltd paid out 38% of its profit as dividends in FY26, and it paid a dividend in each of its last 14 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Hatsun Agro Product's management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

One change in Hatsun Agro Product's own numbers looks lasting: debt falling.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

If the next comparable half-year shows revenue rising while operating profit falls and inventory-driven borrowing returns, the thesis that existing distribution and capacity can fund profitable expansion would break.

Each change stops working if

• Consumer distribution retains channel economics: Outlet expansion adds distribution costs without increasing comparable sales and operating profit.

The main risks

• Input costs absorb sales growth: Revenue growth is currently being absorbed before it reaches operating profit. ⚠ estimate
• Inventory release cannot repeat indefinitely: Recent operating cash includes working-capital release as well as cash earnings. ⚠ estimate
• Expansion promises lack current delivery receipts: Retail expansion is guided, but its current delivered contribution is unavailable. ⚠ estimate
• Depreciation delays the capacity payoff: Installed capacity carries an earnings cost before incremental sales become profit. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Hatsun Agro Product reports October to December 2026, these are the check that show whether the story is still on course. First: September 2026 borrowings remain below ₹2,011 crore and quarterly interest expense remains below ₹37 crore.

Hatsun Agro Product is on one of our India lists: Small & mid cap stocks.

Hatsun Agro Product Ltd earned ₹116 Cr of net profit in the Sep 2026 quarter, +5.5% on the same quarter a year earlier. Full-year FY26 profit was ₹356 Cr. Over 10 years profit has grown 19.5% a year on average. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹110 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹356 Cr (+27.6% on the year before).

Why profit moved: revenue changed +19.4% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +15.9% and revenue +18.4%. Profit and revenue are moving at about the same pace.

Hatsun Agro Product Ltd reported ₹2,898 Cr of revenue in the Sep 2026 quarter, +19.4% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 11.2% a year on average. The last full year, FY26, came in at ₹9,959 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management describes an existing retail route that removes an intermediary. The economic benefit belongs to Hatsun only after outlet support, cold-chain and logistics costs. Expansion can increase access to consumers, but current sales-per-outlet and incremental channel profitability are unavailable. Competitor responses and customer retention therefore remain unknown rather than assumed advantages.

The last four reported quarters add to ₹10,930 Cr.

FY26 revenue was ₹9,959 Cr, +14.5% on the year before.

Recent pace: the last four quarters grew +18.4% on average, against 11.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +18.6%, against +14.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +5.8%, against +9.1% a year (rolling over).

Hatsun Agro Product Ltd's operating margin was 11.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 14 years it has been between 5.0% and 14.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.0 percentage points on the year while gross margin changed −2.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 325% of Hatsun Agro Product Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,557 Cr of operating cash against ₹356 Cr of profit. After ₹580 Cr of spending on assets, ₹977 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 325% of profit came in as cash: the cash cycle got 28 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Hatsun Agro Product Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, down from 42 days in FY21. It spent ₹2,148 Cr on assets over the last 3 years. Customers take 0 days to pay, and stock sits for 31 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The Capex Inflection Point applies conditionally: management says most capital expenditure is complete, and annual spending has declined from the preceding year. Future sales could use that installed asset base, but higher depreciation and falling latest-quarter operating profit show that the benefit has not yet reached bottom-line delivery.

At FY26 sales of ₹9,959 Cr, each day of that cycle ties up about ₹27.3 Cr, so roughly ₹382 Cr is tied up in the business at any time.

FY26: customers took 0 days to pay and stock sat for 31 days, about 1.0 months of sales sitting as stock, for a full cycle of 14 days, shorter than FY21's 42.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 31 days. Customers pay about 0 days after that. Suppliers are paid at 17 days. Together that makes the 14-day cycle.

Spending on assets: ₹2,148 Cr over the last 3 years, against ₹1,453 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹59.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Hatsun Agro Product Ltd's P/E is 64.5×, near the low end of its own history: it has been lower only 8% of the time. Its usual P/E (the middle reading) is 89.3×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.