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Hindustan Foods
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Incorporated on 31st December, 1984 as a Public Limited Company, Hindustan Foods Limited (HFL) is promoted by Shashi K. Kalathil and Shrinivas V Dempo. The Company is primarily engaged in contract manufacturing of FMCG products comprising primarily of home care, personal care, foods & refreshments including fruit juice and aerated juice, packing of tea and job working of shoes.
The Company came out with a Public Issue in Nov.'87 to set up a food-processing unit at Ponda, Goa, with a capacity of 5000 tpa. Commercial production commenced in Jan.'88 and the products were launched all over India only in Dec.'88 under the Bonny Mix brand name.
Glaxo which had participated in the equity of the company, apart from providing technical and marketing assistance to the company, withdrew their participation in 1992-93. The company was marketing its products under the brand name Bonny Mix, acquired from Glaxo. Due to the withdrawal of Glaxo, the company had a substantial fall in the sales volume, consequent to which, it started making losses. It had to close its operations from Dec.'92 which was resumed in Dec.'93. In 1994-95, HFL introduced two products - Bonny Meal Rice and Bonny Meal Fruit.
The company's products were not well-accepted by the consumers. The weak marketing at the retail level further aggrevated the situation and the consumer off-take was very poor. All these prompted the company to discontinue the production again, in Jul.'95. Reference was made to the BIFR, which has replied that the company has not yet come under its purview.
After the suspension of production since July'95, the company has resumed production from October'97. It has been producing the Farex cereal based weaning foods for Heninz India Private Limited which is marketed throughout India.
During the year 2013, the Promoter Group holding in the Company consisting of 37,22,294 equity shares held by M/s. V. S. Dempo Holdings Pvt. Ltd., M/s. Marmagoa Shipping & Stevedoring Co. Pvt. Ltd., M/s. Dempo Industries Pvt. Ltd., and M/s. Motown Investments Pvt. Ltd., were consolidated and transferred to M/s. Dempo Foods Pvt. Ltd. as inter se transfer amongst qualifying parties.
During the year 2014, Dempo Foods Pvt. Ltd., the Holding Company merged in Vanity Case India Pvt. Ltd., in terms of Bombay High Court Order dated 22 November, 2013. The Company started commercial production of snack food 'Kurkure' from February, 2014 for M/s. Pepsico India Holdings Pvt. Ltd. It entered into Manufacturing & Supply Agreement with M/s. Nutricia International Pvt. Ltd. to manufacture Weaning Cereals- Complimentary Foods. In 2015, it also got into Manufacturing & Supply Agreements with M/s. Mankind Pharma Ltd., and M/s. The Himalaya Drug Company.
In 2016, the Company launched their own product under the brand 'Cnergy' in the market, and manufactured and marketed its existing brand 'Bonny Mix' in the local market. In 2018, it launched leather brand 'Unorthodox', focusing on footwear and accessories and opened first store in Goa. With the focus on acquisitions and expansion, the Company acquired Reckitt Benckiser's pest control product manufacturing plant in Jammu & Kashmir and commenced production in year 2018. It also acquired another leather business, G Shoe Export, exporting shoes to high street brands like Dune, Bocage etc. to U.K., France and Italy.
The Board approved the Composite Scheme for Merger of another Vanity Case group's plant at Coimbatore manufacturing malted beverages viz. Horlicks and Boost for Hindustan Unilever and another merger of ATC Beverages Private Limited, manufacturing carbonated drinks and beverages in 2020. It started commercial production of liquid detergent at a manufacturing unit in Hyderabad in year, 2020.
The Mumbai bench of NCLT conveyed its approval for Scheme of Arrangement; for business combination of Detergent Manufacturing Unit of Avalon Cosmetics Private Limited (ACPL) with Hindustan Foods Limited (the Resulting Company or HFL) vide its Order dated November 25, 2019. The NCLT order along with the Scheme was filed with the Registrar of Companies, Mumbai, Maharashtra on December 27, 2019 which became effective from the Appointed Date, April 1, 2018.
During the year 2019-20, Company acquired 44.43% (i.e. 93,94,084 Equity shares) of the paid-up Equity shares of ATC Beverages Private Limited which manufactures a variety of juices and carbonated drinks and consequently, with this acquisition, ATC Beverages became an Associate Company of the Company.
The Company, after obtaining the approval of the Shareholders on January 4, 2020, purchased the businesses on slump sale basis from M/s Galaxy Healthcare Products and from M/s Shivom Industries (Shivom), a Partnership Firm, vide Business Transfer Agreements on February 24, 2020. The said business transfers were approved by the Board on November 11, 2019. The Board of Directors of Company approved a Composite Scheme of Arrangement and Amalgamation between Avalon Cosmetics Private Limited (The Demerged Company or ACPL), ATC Beverages Private Limited (The Transferor Company or ABPL) with) the Company (The Transferee Company or The Resulting Company or HFL) which inter alia provides for i) De-Merger of Coimbatore business of ACPL with the Company and ii) Merger of ABPL with the Company, from the Appointed date, April 1, 2020 and the Scheme became effective on February 18, 2022.
During the year 2022, effective January 1, 2022 since the Company acquired 100% Partnership interest in Aero Care Personal Products LLP, it had 100% Management control in the business of Aero Care. In year 2022, the Company invested in Aero Care Personal Products LLP, a unit which engaged in manufacturing various colour cosmetics like lipsticks, eye makeup, face powder, lip gloss, oral care and aftershaves and consequently, was taken over in January 2022. It merged Malted Beverages packaging unit in Coimbatore and ATC Beverages Private Limited. Besides, the new plant in Tamil Nadu started its commercial production of shoe and the shoe-making facility at Vasai (Mumbai) also started producing Injection Moulded Sandals and Flip-flops.
During the year 2022, the Company's Wholly-Owned Subsidiary Company, HFL Consumer Products Private Limited (HCPPL) set up the Ice Cream Plant in Uttar Pradesh and made its first commercial production in April, 2022. The Company got the approval from Hon'ble NCLT, Mumbai Bench for the matter of Composite Scheme of Amalgamation of another Vanity Case group's plant at Coimbatore manufacturing malted beverages viz. Horlicks and Boost for Hindustan Unilever and merger of ATC Beverages Private Limited, manufacturing carbonated drinks and beverages.
Pursuant to the Order dated December 21, 2021 of the Hon'ble NCLT, Mumbai Bench, in the matter of Composite Scheme of Arrangement and Amalgamation between Avalon Cosmetics Private Limited (Demerged Company or ACPL) and ATC Beverages Private Limited (Transferor Company or ABPL) and the Company (Resulting Company or Transferee Company or HFL), ATC Beverages Private Limited ceased to be an Associate Company w.e.f February 18, 2022.
Hindustan Foods share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Hindustan Foods indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Hindustan Foods is valued compared to its competitors.
Hindustan Foods PE ratio helps investors understand what is the market value of each stock compared to Hindustan Foods 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Hindustan Foods evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Hindustan Foods generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Hindustan Foods in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Hindustan Foods shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Hindustan Foods compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Hindustan Foods over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Hindustan Foods helps investors get an insight into when they can enter or exit the stock. Key components of Hindustan Foods Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Hindustan Foods shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Hindustan Foods ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Hindustan Foods provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Hindustan Foods highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Hindustan Foods .
The balance sheet presents a snapshot of Hindustan Foods ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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