Hoac Foods India Ltd - Stock Valuation and Financial Performance

HOAC Foods India Limited was originally incorporated with the name as ‘Hoac MP Atta Spices Manufacture Private Limited’ a private limited company on March 12, 2018 under the Companies Act, 2013, at its registered office situated at D-498, 1st Floor Palam Extension Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, Delhi, India, with Registrar of Companies. Subsequently, the company name was changed to ‘Hoac Foods India Private Limited’ dated November 03, 2021. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an Extraordinary general meeting held on October 13, 2023 and consequently the name of the Company was changed to ‘Hoac Foods India Limited’ and a fresh certificate of incorporation dated October 30, 2023 was issued by the Registrar of Companies, Delhi at New Delhi.

The company is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in its product range and markets & sells it in and around Delhi-NCR under the brand name ‘HARIOM’ through its Exclusive Brand Outlets. It handpick its raw materials from various parts of the country and process its products with utmost care without using artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Its model has helped the company penetrate the niche segment of its market and establish a customer base in and around Delhi-NCR. Since its inception, its objective has been to produce high-quality natural spices and food products without artificial preservatives or synthetic substances. To achieve this, it has developed a business model in which it manufactures and packages its products in quantities that can sustain a customer until the shelf life of the product, reducing waste and providing a diverse range of products with freshness and goodness.

It also relies on D2C platform through ist in-house built Mobile Application both on Google Play Store and Apple’s App Store and Company website which is available for sale of its products. It has implemented a franchisee management system that helps the company coordinate with its franchise owners, store managers and provides the visibility on its inventory levels and franchisee and store sales, enabling the company to optimize its distribution network and reduce the time between the food product manufactured in its facility to consumer’s kitchen which is around within same day to maximum 1 day. This strong approach towards good supply-chain management across different business processes enables it to preserve the freshness, taste and nutritional value of its products.

Business area of the company

The company engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil in its product range and markets & sells it in and around Delhi-NCR under the brand name ‘HARIOM’.

Products of the company

• Spices 
• Hariom Atta
• Mustard oil
• Pulses

History and milestones

• 2018-19: The Company incorporated and started its business of manufacturing, trading and processing of Cooking powder, Organic flour, cooking spices, Rice, wheat, wheat’s flour and set up mills. 
• 2020-21: The Company has opened new office in Delhi. 
• 2021-22: The Company has opened new factory in Haryana. 
• 2023-24: The Company has opened 1 new franchises outlet in Gurugram, Haryana.