Himalaya Food International
14.40
-0.23(-1.57%)
Market Cap₹127.00 Cr
PE Ratio24.15
IndustryFMCG
Company Performance:
1D-1.57%
1M-1.50%
6M-7.69%
1Y-31.82%
5Y+101.12%
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Latest news about Himalaya Food International
Himalaya Food International Unveils Ambitious Growth Strategy Post-Successful Rights Issue 2 days ago
Himalaya Food International Limited has shared an investor update following a successful rights issue. The company's promoters oversubscribed at 1119%, demonstrating strong confidence. The firm targets a 15% compounded quarterly growth rate, driven by increased U.S. exports, French fries production ramp-up, and expanded domestic sales. A 54,000 TPA French Fry project is set to commence in February 2025. The company plans to reduce its debt, with ₹98.50 crore to be repaid by December 2025, partly funded by the rights issue proceeds. Non-core asset monetization is underway to support debt reduction. Management aims to transform the company into one of India's most valuable food processing companies by 2028.
Himalaya Food's Co-Promoters Inject ₹316.62 Crore Through Rights Issue Jun 26, 2025