BSE: 0 | NSE: HOACFOODS | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hoac Foods India Ltd is a below average quality company.
The key valuation ratios of Hoac Foods India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hoac Foods India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 25% | 28.5% | 37.4% | 37.8% | - |
| Value Creation Index ⓘ | 0.8 | 1.0 | 1.7 | 1.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 7.4 | 10.9 | 12.1 | 15.6 | 16 |
| Sales YoY Gr. | - | 46.5% | 11.3% | 29.2% | - |
| Adj EPS ⓘ | 1.5 | 1.5 | 2.7 | 3.8 | 2.7 |
| YoY Gr. | - | -2% | 85.1% | 39.1% | - |
| BVPS (₹) ⓘ | 3.8 | 5.3 | 8.1 | 12.5 | 23.2 |
| Adj Net Profit ⓘ | 0.1 | 0.3 | 0.5 | 1 | 1 |
| Cash Flow from Ops. ⓘ | -0.3 | 0 | -0.5 | -0.3 | - |
| Debt/CF from Ops. ⓘ | -4.9 | 66.7 | -3.8 | -7.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 28.2% | 29.2% | ||||
| Adj EPS ⓘ | NA | NA | 36.1% | 39.1% | ||||
| BVPSⓘ | NA | NA | 48.6% | 54.9% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 39.8 | 41.9 | 40.9 | 42.3 | 14.9 |
| Op. Profit Mgn % ⓘ | 5.3 | 5.2 | 9.7 | 11.8 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 2.5 | 4.2 | 6.6 | 6.5 |
| Debt to Equity ⓘ | 4 | 1.5 | 1.3 | 0.7 | - |
| Working Cap Days ⓘ | 0 | 63 | 98 | 124 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 27 | 48 | 70 | 0 |
Sales growth is growing at healthy rate in last 3 years 28.19%
Net Profit is growing at healthy rate in last 3 years 36.14%
Debt to equity has declined versus last 3 years average to 0.67
Return on Equity has declined versus last 3 years average to 14.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.7 | - |
| TTM Sales (₹ Cr.) | 15.6 | - |
| BVPS (₹.) ⓘ | 23.2 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 5.93 | - |
| PE ⓘ | 51.52 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 52.7 |
| Equity (₹ Cr.) | 3.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 66.7 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 7.42 | 10.87 | 12.10 | 15.63 |
| Operating Expenses ⓘ | 7.03 | 10.30 | 10.92 | 13.79 |
| Manufacturing Costs | 0.25 | 0.33 | 0.57 | 0.79 |
| Material Costs | 5.48 | 8.26 | 8.32 | 10.09 |
| Employee Cost | 0.42 | 0.48 | 0.93 | 1.55 |
| Other Costs ⓘ | 0.88 | 1.23 | 1.10 | 1.36 |
| Operating Profit ⓘ | 0.39 | 0.57 | 1.18 | 1.84 |
| Operating Profit Margin (%) | 5.3% | 5.2% | 9.7% | 11.8% |
| Other Income ⓘ | 0.04 | 0.07 | 0.11 | 0 |
| Interest ⓘ | 0.22 | 0.20 | 0.29 | 0.34 |
| Depreciation ⓘ | 0.03 | 0.06 | 0.18 | 0.13 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.18 | 0.38 | 0.82 | 1.36 |
| Tax ⓘ | 0.05 | 0.10 | 0.31 | 0.34 |
| Profit After Tax | 0.13 | 0.27 | 0.50 | 1.02 |
| PAT Margin (%) | 1.7% | 2.5% | 4.2% | 6.5% |
| Adjusted EPS (₹) | 1.5 | 1.5 | 2.7 | 3.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.32 | 0.98 | 1.49 | 3.35 | ||||||
| Share Capital ⓘ | 0.10 | 0.22 | 0.22 | 2.69 | ||||||
| Reserves ⓘ | 0.22 | 0.76 | 1.27 | 0.66 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0.99 | 1.21 | 1.13 | 1.87 | ||||||
| Long Term Debt | 0.54 | 0.53 | 0.80 | 0.78 | ||||||
| Short Term Debt | 0.45 | 0.68 | 0.34 | 1.09 | ||||||
| Trade Payables | 0.40 | 0.97 | 1 | 1.69 | ||||||
| Others Liabilities ⓘ | 0.37 | 0.44 | 1.28 | 1.04 | ||||||
| Total Liabilities ⓘ | 2.08 | 3.60 | 4.89 | 7.96 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 0.40 | 0.54 | 0.88 | 1.31 | ||||||
| Accumulated Depreciation | 0.05 | 0.10 | 0.27 | 0.40 | ||||||
| Net Fixed Assetsⓘ | 0.35 | 0.44 | 0.61 | 0.91 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0.93 | 1.34 | 2.20 | 3.75 | ||||||
| Trade Receivables | 0.13 | 0.77 | 1.03 | 2.26 | ||||||
| Cash Equivalents | 0.56 | 0.60 | 0.33 | 0.44 | ||||||
| Others Assetsⓘ | 0.12 | 0.46 | 0.73 | 0.61 | ||||||
| Total Assets ⓘ | 2.08 | 3.60 | 4.89 | 7.96 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.26 | 0.02 | -0.51 | -0.29 |
| PBT ⓘ | 0.18 | 0.38 | 0.82 | 1.36 |
| Adjustment ⓘ | 0.23 | 0.19 | 0.44 | 0.49 |
| Changes in Working Capital ⓘ | -0.65 | -0.5 | -1.64 | -1.87 |
| Tax Paid ⓘ | -0.02 | -0.05 | -0.12 | -0.27 |
| Cash Flow From Investing Activity ⓘ | -0.22 | -0.07 | -0.34 | -0.43 |
| Capex | -0.26 | -0.14 | -0.34 | -0.43 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.04 | 0.07 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0.68 | 0.09 | 0.59 | 0.83 |
| Net Proceeds from Shares ⓘ | 0 | 0.38 | 0 | 0.84 |
| Net Proceeds from Borrowing ⓘ | 0 | -0.01 | 0.42 | -0.01 |
| Interest Paid ⓘ | -0.22 | -0.20 | -0.26 | -0.33 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.90 | -0.08 | 0.42 | 0.32 |
| Net Cash Flow ⓘ | 0.20 | 0.04 | -0.26 | 0.11 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 39.83 | 41.94 | 40.93 | 42.31 | ||||||
| ROCE (%) | 25.03 | 28.53 | 37.44 | 37.79 | ||||||
| Asset Turnover Ratio | 3.56 | 3.83 | 2.85 | 2.43 | ||||||
| PAT to CFO Conversion(x) | -2 | 0.07 | -1.02 | -0.28 | Working Capital Days | |||||
| Receivable Days | 6 | 15 | 27 | 38 | ||||||
| Inventory Days | 46 | 38 | 53 | 69 | ||||||
| Payable Days | 27 | 30 | 43 | 49 | ||||||
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
History and milestones
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