Huhtamaki India Limited (IN:HUHTAMAKI)
:HUHTAMAKI
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Huhtamaki India Limited
(HUHTAMAKI)
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Rating:64Neutral
Price Target:
₹179.00
▼(-13.30% Downside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by solid underlying financial health (low leverage, improved profitability and cash flow), tempered by uneven earnings/cash consistency and a recent revenue decline. Technicals are a secondary drag with the stock trading below key longer-term moving averages and negative MACD, while valuation looks fair but not strongly supportive given the modest dividend yield.
Positive Factors
Conservative leverage
Very low debt-to-equity (~0.11x in 2025) gives the company durable financial flexibility. This reduces refinancing and liquidity risk, supports investment in capacity or technology during downturns, and helps absorb input-cost shocks without forcing distress-driven asset sales.
Negative Factors
Declining revenue
Consecutive revenue declines weaken scale benefits in printing and converting, constraining operating leverage and pricing power. If top-line erosion persists, it will limit margin expansion, capex returns, and long-term market-share stability in competitive FMCG packaging segments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low debt-to-equity (~0.11x in 2025) gives the company durable financial flexibility. This reduces refinancing and liquidity risk, supports investment in capacity or technology during downturns, and helps absorb input-cost shocks without forcing distress-driven asset sales.
Read all positive factors
Huhtamaki India Limited (HUHTAMAKI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.23B
Dividend Yield0.95%
Average Volume (3M)69.22K
Price to Earnings (P/E)13.5
Beta (1Y)1.20
Revenue Growth-1.59%
EPS Growth-75.34%
CountryIN
Employees2,500
SectorConsumer Defensive
Sector Strength42
IndustryPackaging & Containers
Share Statistics
EPS (TTM)4.00
Shares Outstanding75,521,935
10 Day Avg. Volume176,293
30 Day Avg. Volume69,219
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.24
Price to Sales (P/S)0.67
P/FCF Ratio8.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.3
Revenue Forecast (FY)₹26.32B
Huhtamaki India Limited Business Overview & Revenue Model
Company Description
Huhtamaki India Limited engages in the manufacture and sale of consumer packaging and labelling materials in India. The company provides barrier, recyclable, shaped, stand-up, retort, single-serve, pocket shot, panel, and shaped spouted pouches; r...
How the Company Makes Money
Huhtamaki India Limited makes money primarily by manufacturing and selling packaging products to brand owners and converters, earning revenue on a per-order or per-unit basis under customer purchase orders and supply arrangements. Its core revenue...
Huhtamaki India Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.73B | 23.89B | 25.00B | 25.49B | 29.83B | 26.25B |
| Gross Profit | 6.24B | 7.59B | 2.46B | 7.74B | 7.50B | 7.07B |
| EBITDA | 1.65B | 2.27B | 1.82B | 5.77B | 1.75B | 882.20M |
| Net Income | 744.90M | 1.18B | 879.70M | 4.10B | 496.40M | -226.90M |
Balance Sheet | ||||||
| Total Assets | 19.73B | 20.04B | 19.37B | 20.01B | 17.51B | 18.08B |
| Cash, Cash Equivalents and Short-Term Investments | 2.83B | 4.99B | 3.27B | 3.91B | 426.50M | 320.70M |
| Total Debt | 1.49B | 1.44B | 1.49B | 2.55B | 4.10B | 4.12B |
| Total Liabilities | 7.43B | 7.11B | 7.44B | 8.51B | 9.94B | 10.92B |
| Stockholders Equity | 12.30B | 12.94B | 11.94B | 11.50B | 7.57B | 7.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.82B | 759.40M | 1.79B | 361.60M | -1.07B |
| Operating Cash Flow | 0.00 | 2.38B | 1.42B | 2.74B | 1.33B | -276.70M |
| Investing Cash Flow | 0.00 | -1.56B | -768.80M | 398.00M | -895.80M | -558.50M |
| Financing Cash Flow | 0.00 | -357.50M | -1.61B | -2.11B | -315.80M | 486.30M |
Huhtamaki India Limited Technical Analysis
Neutral
206.45
Price Trends
174.79
Positive
193.55
Negative
211.35
Negative
Market Momentum
-2.41
Negative
56.65
Neutral
95.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HUHTAMAKI, the sentiment is Neutral. The current price of 206.45 is above the 20-day moving average (MA) of 163.85, above the 50-day MA of 174.79, and below the 200-day MA of 211.35, indicating a neutral trend. The MACD of -2.41 indicates Negative momentum. The RSI at 56.65 is Neutral, neither overbought nor oversold. The STOCH value of 95.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:HUHTAMAKI.
Huhtamaki India Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹22.53B | 27.34 | ― | 1.00% | 9.49% | 9.69% | |
69 Neutral | ₹87.97B | 17.09 | ― | 0.67% | 7.53% | 16.26% | |
64 Neutral | ₹13.23B | 13.53 | ― | 0.95% | -1.59% | -75.34% | |
63 Neutral | ₹16.87B | 15.04 | ― | 0.59% | 16.61% | 41.90% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹18.09B | 35.49 | ― | 0.67% | 15.51% | 7.88% | |
58 Neutral | ₹26.92B | 25.06 | ― | 0.62% | 7.44% | ― |
* Consumer Defensive Sector Average
IN:HUHTAMAKI
Huhtamaki India Limited
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Huhtamaki India Limited Corporate Events
Huhtamaki India Gets Tax Demand Notice for Alleged Delay at Bengaluru Plants
Feb 23, 2026
Huhtamaki India Limited has disclosed that the Town Municipal Council of Jigani in Bengaluru has issued a demand notice alleging delayed payment of property tax for its Bengaluru plants for the period from 2014 to 2025. The notice, received on Feb...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.