NHC Foods

NHCFOODS

Q: How strong is NHC Foods balance sheet?

Balance sheet of NHC Foods is strong.But short term working capital might become an issue for this company.

Q: Is the debt of NHC Foods increasing or decreasing?

Yes, The debt of NHC Foods is increasing.Latest debt of NHC Foods is ₹35.56 Crs as of Sep-24.This is greater than Mar-24 when it was ₹31.05 Crs.

Q: Is NHC Foods stock expensive?

NHC Foods is not expensive.Latest PE of NHC Foods is 8.71, while 3 year average PE is 18.91. Also latest EV/EBITDA of NHC Foods is 8.56 while 3yr average is 11.48.

Price

Micro Cap

₹61 Cr.

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NHC Foods Limited, a Government Recognized Two Star Export House, specializes in exporting a variety of food products including spices, lentils, grains, oil seeds, and more. The company is focused on enhancing efficiency and productivity while maintaining quality through continuous improvement initiatives. With a global reach, NHC Foods Limited exports its products to multiple countries worldwide.

NHC Foods Limited, a Government Recognized Two Star Export House, specializes in exporting a variet… More

Low

0.88

52W Range

High

3.71

8.88

Sector PE

21.11

P/B

1.92

Div.Yield

ROE

8.45%

EBIDTA

8.65

ROCE

20.38

EPS

0.04

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Share Price
Financials
Revenue mix
Shareholdings
Peers
Forensics

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Summary
Profit & Loss
Balance sheet
Cashflow

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Financial Ratio's

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NHCFOODS
Revenue Mix

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Historic

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NHCFOODS
Revenue Mix

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Historic

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More Info

Shareholdings

Holders

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Peers

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Forensics

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Recent events

News
Corporate Actions

NHC Foods Ltd Says Apoorva Shah Resigns As Chairman And Managing Director

Mar 06, 2025

NHC Foods To Consider Fund Raising

Jan 15, 2025

NHC Foods Approves Sesame Seeds Cleaning And Hulling Plant At Pardi

Jan 10, 2025

• NHC Foods Rights Issue Price At 1 Rupee Per Share

Dec 04, 2024

India widens spices probe amid contamination concerns

May 02, 2024

UPDATE 1-India widens spices probe amid contamination concerns

Adds details, report context paragraph 10-12

By Rishika Sadam

HYDERABAD, May 2 (Reuters) - India's food safety regulator said on Thursday it had ordered testing and inspections at all companies making spice mixes, widening an investigation into the sector as global regulators look into suspected contamination in two popular local brands.

Hong Kong last month suspended sales of three spice blends made by India's MDH and an Everest spice mix for fish curry. Singapore ordered a recall of the same Everest mix as well, flagging high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.

MDH and Everest products are hugely popular in India and also sold in Europe, Asia and North America, and the companies have said they are safe. Still, U.S. and Australian food authorities said they are gathering more information on the matter, and India had already ordered testing of the two brands' products.

The Indian regulator has now ordered officials to conduct "extensive inspections, sampling and testing at all the manufacturing units", for powdered spices, with a focus on those making curry powders and mixed spice blends for local and foreign sales.

"Each of the product sampled will be analysed for the compliance with quality and safety parameters," the Food Safety and Standards Authority of India said in a statement.

The agency added checks would also be made for any presence of ethylene oxide, whose use is banned in India, and "appropriate actions will be initiated as fit" after testing was completed.

India is the world's biggest exporter, producer and consumer of spices, and its domestic market for the products was valued at $10.44 billion in 2022, according to Zion Market Research.

Beyond MDH and Everest, other major manufacturers include Madhusudan Masala MADD.NS, NHC Foods NHCF.BO and consumer giants Tata Consumer Products TACN.NS and ITC ITC.NS.

None of the companies responded to a request for comment.

The Spices Board says India exported spice products worth $4 billion in 2022-23.

The Global Trade Research Initiative, a New Delhi-based think tank, said in a report on Wednesday that rising global scrutiny could put more than half of country's spice exports at risk.

If China decides to implement similar measures as other countries, Indian spice exports could see a "dramatic downturn", the report said.

(Reporting by Rishika Sadam; Editing by Aditya Kalra,Jamie Freed and Mark Potter)

(([email protected];))

UPDATE 1-India widens spices probe amid contamination concerns

Adds details, report context paragraph 10-12

By Rishika Sadam

"Each of the product sampled will be analysed for the compliance with quality and safety parameters," the Food Safety and Standards Authority of India said in a statement.

The agency added checks would also be made for any presence of ethylene oxide, whose use is banned in India, and "appropriate actions will be initiated as fit" after testing was completed.

India is the world's biggest exporter, producer and consumer of spices, and its domestic market for the products was valued at $10.44 billion in 2022, according to Zion Market Research.

Beyond MDH and Everest, other major manufacturers include Madhusudan Masala MADD.NS, NHC Foods NHCF.BO and consumer giants Tata Consumer Products TACN.NS and ITC ITC.NS.

None of the companies responded to a request for comment.

The Spices Board says India exported spice products worth $4 billion in 2022-23.

The Global Trade Research Initiative, a New Delhi-based think tank, said in a report on Wednesday that rising global scrutiny could put more than half of country's spice exports at risk.

If China decides to implement similar measures as other countries, Indian spice exports could see a "dramatic downturn", the report said.

(Reporting by Rishika Sadam; Editing by Aditya Kalra,Jamie Freed and Mark Potter)

(([email protected];))

NHC Foods Akansh Shah Tendered Resignation As CFO

Nov 24, 2023

NHC Foods To Consider Issuance Of Non-Convertible Debentures On Private Placement Basis

Nov 15, 2023

NHC Foods Says Awdheshkumar Kannaujia Resigns As CFO

Apr 03, 2023

Events:

Quarterly Results

Announcement Date

Jan 18, 2025

Rights

4 rights eligible for every 1 shares held.

Ex Date

Nov 26, 2024

Quarterly Results

Announcement Date

Nov 14, 2024

Annual Report

Announcement Date

Sep 05, 2024

Quarterly Results

Announcement Date

Aug 12, 2024

Split

1 shares held will now become 10. New number of shares should be credited and listed within 1 day after the ex-date.

Ex Date

Jul 22, 2024

Quarterly Results

Announcement Date

Feb 06, 2024

Quarterly Results

Announcement Date

Nov 08, 2023

Annual Report

Announcement Date

Aug 24, 2023

Reg. 34 (1) Annual Report.

Announcement Date

Sep 01, 2022

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NHCFOODS

Share Price

Financials

Revenue mix

Shareholdings

Peers

Forensics

Summary

Profit & Loss

Balance sheet

Cashflow

Product wise

Location wise

Recent events

News

Corporate Actions

NHC Foods Ltd Says Apoorva Shah Resigns As Chairman And Managing Director

NHC Foods To Consider Fund Raising

NHC Foods Approves Sesame Seeds Cleaning And Hulling Plant At Pardi

• NHC Foods Rights Issue Price At 1 Rupee Per Share

India widens spices probe amid contamination concerns

NHC Foods Akansh Shah Tendered Resignation As CFO

NHC Foods To Consider Issuance Of Non-Convertible Debentures On Private Placement Basis

NHC Foods Says Awdheshkumar Kannaujia Resigns As CFO

Events:

Rights

Split

More Micro Cap Ideas

Promoter Buying

Capex

Superstar Investor

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