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Last Updated: January 19, 2026, 8:38 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506390 | NSE: HEUBACHIND

Heubach Colorants India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹314.81Overvalued by 23.59%vs CMP ₹412.00

P/E (13.8) × ROE (11.6%) × BV (₹241.00) × DY (2.00%)

₹673.90Undervalued by 63.57%vs CMP ₹412.00
MoS: +38.9% (Strong)Confidence: 52/100 (Moderate)Models: 1 Under, 3 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹337.3421%Over (-18.1%)
Graham NumberEarnings₹379.2215%Fair (-8%)
Earnings PowerEarnings₹130.4010%Over (-68.3%)
DCFCash Flow₹380.9813%Fair (-7.5%)
Net Asset ValueAssets₹240.877%Over (-41.5%)
EV/EBITDAEnterprise₹435.838%Fair (+5.8%)
Dividend DiscountDividends₹4,536.188%Under (+1001%)
Earnings YieldEarnings₹265.207%Over (-35.6%)
ROCE CapitalReturns₹301.957%Over (-26.7%)
Revenue MultipleRevenue₹357.415%Over (-13.3%)
Consensus (10 models)₹673.90100%Undervalued
Key Drivers: Wide model spread (₹130–₹4,536) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.2%

*Investments are subject to market risks

Investment Snapshot

71
Heubach Colorants India Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 15.2% GoodROE 11.6% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.85% (6mo) Slight increaseDII holding up 1.57% MF buyingPromoter holding at 54.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +74% YoY Strong
Industry Rank80/100 · Strong
P/E 13.8 vs industry 166.4 Cheaper than peersROCE 15.2% vs industry 10.9% Above peersROE 11.6% vs industry 9.0% Above peers3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: January 19, 2026, 8:38 pm

Market Cap 951 Cr.
Current Price 412
Intrinsic Value₹673.90
High / Low 621/400
Stock P/E13.8
Book Value 241
Dividend Yield0.00 %
ROCE15.2 %
ROE11.6 %
Face Value 10.0
PEG Ratio1.93

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Heubach Colorants India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Heubach Colorants India Ltd 951 Cr. 412 621/40013.8 2410.00 %15.2 %11.6 % 10.0
Bodal Chemicals Ltd 688 Cr. 54.6 81.5/41.222.7 89.10.00 %5.51 %2.51 % 2.00
Bhageria Industries Ltd 609 Cr. 140 246/12811.6 1321.07 %8.66 %6.68 % 5.00
Amal Ltd 547 Cr. 443 1,148/40820.1 91.70.23 %36.3 %35.0 % 10.0
Vidhi Specialty Food Ingredients Ltd 1,489 Cr. 298 482/25931.1 62.21.68 %18.7 %14.9 % 1.00
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Heubach Colorants India Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 188178180209200176205173218213220211183
Expenses 174165163183178162195162190188202186165
Operating Profit 14131726221410112825182418
OPM % 8%7%9%12%11%8%5%6%13%12%8%12%10%
Other Income -5100215234149
Interest 0000111111111
Depreciation 5555666655555
Profit before tax 491221179972523132321
Tax % 276%22%25%25%26%26%33%26%27%26%16%26%23%
Net Profit -87916136651817111716
EPS in Rs -3.352.914.006.935.582.772.532.247.987.464.617.407.05

Last Updated: January 2, 2026, 2:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:30 am

MetricDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2371,0451,1409811,014719757731840766791825827
Expenses 1,1171,0191,073914970677697646778705719743742
Operating Profit 121266767444260846261728285
OPM % 10%3%6%7%4%6%8%12%7%8%9%10%10%
Other Income 1301,1965392817502689-191018
Interest 2110114300233
Depreciation 23335039382939362020232120
Profit before tax 2261,18769363329663144940566880
Tax % 26%21%14%33%35%36%24%30%12%52%27%24%
Net Profit 16794359242219512204319415161
EPS in Rs 62.55353.8325.7210.619.368.0421.9795.2118.778.3117.8222.2926.52
Dividend Payout % 48%11%583%236%53%124%50%215%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-8.33%-13.64%168.42%331.37%-80.45%-55.81%115.79%24.39%
Change in YoY Net Profit Growth (%)0.00%-5.30%182.06%162.95%-411.83%24.64%171.60%-91.40%

Heubach Colorants India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:2%
3 Years:-1%
TTM:14%
Compounded Profit Growth
10 Years:16%
5 Years:3%
3 Years:14%
TTM:134%
Stock Price CAGR
10 Years:-2%
5 Years:10%
3 Years:10%
1 Year:4%
Return on Equity
10 Years:6%
5 Years:9%
3 Years:9%
Last Year:12%

Last Updated: September 5, 2025, 2:05 am

Balance Sheet

Last Updated: December 10, 2025, 2:32 am

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 27272323232323232323232323
Reserves 5481,369646650602593628384391409449500533
Borrowings 09000032100272524
Other Liabilities 337437232260268278260241222229226210167
Total Liabilities 9121,842902933893895943649636662726758747
Fixed Assets 166335365343323309227150150146172160155
CWIP 2513510102139884511
Investments 26733741124112811093444
Other Assets 4531,461458468518552632481469505545589577
Total Assets 9121,842902933893895943649636662726758747

Reserves and Borrowings Chart

Cash Flow

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -32-60-14882-12910157133695111
Cash from Investing Activity + 1271,224-35-50677-784155-9-17-37
Cash from Financing Activity + -87-175-799-29-70-28-25-474-35-0-3-5
Net Cash Flow 8989-9833-48-2-2-17277469

Free Cash Flow

MonthDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow121.0017.0067.0067.0044.0042.0028.0083.0062.0061.0045.0057.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5056576464927185731049068
Inventory Days 698672959415510111710510196104
Days Payable 777774103103160108155120139136126
Cash Conversion Cycle 426554575587644759665046
Working Capital Days 24-13494960911297776917072
ROCE %21%1%6%5%5%5%11%12%11%11%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters 54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%54.37%
FIIs 0.39%0.34%0.29%0.28%0.31%0.34%0.37%0.42%0.43%1.15%1.81%1.28%
DIIs 2.51%1.98%1.96%0.49%1.28%1.92%3.24%3.71%8.53%10.62%9.16%10.10%
Public 42.73%43.31%43.37%44.85%44.05%43.37%42.03%41.51%36.67%33.87%34.67%34.26%
No. of Shareholders 57,79457,03155,50752,96050,11348,17648,36245,61543,93641,59439,81238,537

Shareholding Pattern Chart

No. of Shareholders

Heubach Colorants India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Value Fund 134,304 0.32 6.6134,3042025-04-22 15:56:590%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 22.2917.828.3118.7795.22
Diluted EPS (Rs.) 22.2917.828.3118.7795.22
Cash EPS (Rs.) 31.4027.6217.1527.58110.80
Book Value[Excl.RevalReserv]/Share (Rs.) 226.73204.68187.34179.30176.42
Book Value[Incl.RevalReserv]/Share (Rs.) 226.73204.68187.34179.30176.42
Dividend / Share (Rs.) 0.000.000.0015.00205.00
Revenue From Operations / Share (Rs.) 357.45342.56332.04363.71316.60
PBDIT / Share (Rs.) 43.5735.0128.9830.4641.87
PBIT / Share (Rs.) 34.4625.2120.1521.6526.29
PBT / Share (Rs.) 29.5124.2617.3221.44135.55
Net Profit / Share (Rs.) 22.2917.828.3118.7795.21
PBDIT Margin (%) 12.1810.218.728.3713.22
PBIT Margin (%) 9.647.356.065.958.30
PBT Margin (%) 8.257.085.215.8942.81
Net Profit Margin (%) 6.235.202.505.1630.07
Return on Networth / Equity (%) 9.838.704.4310.4653.96
Return on Capital Employeed (%) 14.1611.3910.4311.6914.42
Return On Assets (%) 6.785.672.896.8133.86
Asset Turnover Ratio (%) 1.111.141.181.310.91
Current Ratio (X) 2.802.232.071.951.86
Quick Ratio (X) 2.131.651.471.231.27
Inventory Turnover Ratio (X) 6.463.112.783.372.96
Dividend Payout Ratio (NP) (%) 0.000.000.0079.92211.10
Dividend Payout Ratio (CP) (%) 0.000.000.0054.38181.41
Earning Retention Ratio (%) 0.000.000.0020.08-111.10
Cash Earning Retention Ratio (%) 0.000.000.0045.62-81.41
Interest Coverage Ratio (X) 38.4436.87291.12148.4437.22
Interest Coverage Ratio (Post Tax) (X) 24.0419.77111.8992.45-12.91
Enterprise Value (Cr.) 1159.56892.27575.031040.37825.59
EV / Net Operating Revenue (X) 1.411.130.751.241.13
EV / EBITDA (X) 11.5311.048.6014.808.54
MarketCap / Net Operating Revenue (X) 1.641.270.801.251.17
Retention Ratios (%) 0.000.000.0020.07-111.10
Price / BV (X) 2.582.131.422.542.11
Price / Net Operating Revenue (X) 1.641.270.801.251.17
EarningsYield 0.030.040.030.040.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Heubach Colorants India Ltd. is a Public Limited Listed company incorporated on 27/12/1956 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24110MH1956PLC010806 and registration number is 010806. Currently Company is involved in the business activities of Manufacture of dyes and pigments from any source in basic form or as concentrate. Company's Total Operating Revenue is Rs. 825.06 Cr. and Equity Capital is Rs. 23.08 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & PigmentsRupa Renaissance, B Wing, 25th Floor, New Mumbai Maharashtra 400705Contact not found
Management
NamePosition Held
Mr. Rajesh RathiChairman (Non - Executive) & Non Independent Direc
Mr. Sambit RoyManaging Director
Mr. Kewal HandaInd. Non-Executive Director
Mr. Sunirmal TalukdarInd. Non-Executive Director
Mrs. Diana DhoteInd. Non-Executive Director
Mr. Naresh RaisinghaniInd. Non-Executive Director
Mrs. Anu WakhluInd. Part Time Non Official Director
Mr. Mandar VelankarNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of Heubach Colorants India Ltd and is it undervalued?

As of 08 April 2026, Heubach Colorants India Ltd's intrinsic value is ₹673.90, which is 63.57% higher than the current market price of ₹412.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.6 %), book value (₹241), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Heubach Colorants India Ltd?

Heubach Colorants India Ltd is trading at ₹412.00 as of 08 April 2026, with a FY2026-2027 high of ₹621 and low of ₹400. The stock is currently near its 52-week low. Market cap stands at ₹951 Cr..

How does Heubach Colorants India Ltd's P/E ratio compare to its industry?

Heubach Colorants India Ltd has a P/E ratio of 13.8, which is below the industry average of 166.44. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Heubach Colorants India Ltd financially healthy?

Key indicators for Heubach Colorants India Ltd: ROCE of 15.2 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Heubach Colorants India Ltd profitable and how is the profit trend?

Heubach Colorants India Ltd reported a net profit of ₹51 Cr in Mar 2025 on revenue of ₹825 Cr. Compared to ₹43 Cr in Mar 2022, the net profit shows an improving trend.

Does Heubach Colorants India Ltd pay dividends?

Heubach Colorants India Ltd has a dividend yield of 0.00 % at the current price of ₹412.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Heubach Colorants India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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