Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hikal Ltd

About the Company - Hikal Ltd

Hikal Ltd. is a Public Limited Listed company incorporated on 08/07/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24200MH1988PTC048028 and registration number is 048028. Currently Company is involved in the business activities of Manufacture of insecticides, rodenticides, fungicides, herbicides. Company’s Total Operating Revenue is Rs. 1942.72 Cr. and Equity Capital is Rs. 24.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Pharmaceuticals717/718, Maker Chambers V, Mumbai Maharashtra 400021info@hikal.com
http://www.hikal.com
Management
NamePosition Held
Mr. Jai HiremathExecutive Chairman
Mr. Sameer HiremathManaging Director
Ms. Sugandha HiremathDirector
Mrs. Shivani Bhasin SachdevaDirector
Mr. Ranjit ShahaniDirector
Mr. Kannan UnniDirector
Mr. Amit KalyaniDirector
Mr. Baba KalyaniDirector
Mr. Prakash MehtaDirector
Mr. Shrikrishna AdivarekarDirector

Basic Stock Data of Hikal Ltd

Last Updated: June 22, 2024, 10:43 pm

Market Cap 3,845 Cr.
Current Price 312
High / Low331/250
Stock P/E55.2
Book Value 96.3
Dividend Yield0.38 %
ROCE7.81 %
ROE6.00 %
Face Value 2.00
PEG Ratio-88.92

Hikal Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales463532457469515502379559540545388435448
Expenses372423361378422441356489466457338377383
Operating Profit911099691936123707588505865
OPM %20%21%21%19%18%12%6%12%14%16%13%13%14%
Other Income1331103130110
Interest810887811111313141314
Depreciation22222324252426272827282929
Profit before tax628168606229-12333649101722
Tax %35%37%26%26%27%28%25%24%26%26%29%25%25%
Net Profit405151444521-925263671316
EPS in Rs3.274.134.103.573.671.68-0.722.012.142.920.561.021.31

Last Updated: June 11, 2024, 2:45 am

Hikal Ltd Quarterly Chart

Hikal Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7086608298729261,0141,2961,5901,5071,7201,9432,0231,908
Expenses5254766426897458131,0541,2911,2341,3981,6021,7651,638
Operating Profit183184187182181201242298273323341258270
OPM %26%28%23%21%20%20%19%19%18%19%18%13%14%
Other Income-20-423422-342-125555
Interest66606860624849585236314853
Depreciation4549556467698693828596109111
Profit before tax513398605380112149127206219105111
Tax %10%24%35%32%23%16%31%31%33%36%27%26%
Net Profit46256440416877103841331607882
EPS in Rs3.732.045.173.283.345.496.268.366.8510.8013.026.366.64
Dividend Payout %21%16%12%20%20%15%13%14%18%19%12%19%

Hikal Ltd Profit & Loss Yearly Chart

Hikal Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:10%
TTM:-8%
Compounded Profit Growth
10 Years:2%
5 Years:0%
3 Years:-6%
TTM:14%
Stock Price CAGR
10 Years:16%
5 Years:11%
3 Years:19%
1 Year:2%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:12%
Last Year:7%

Last Updated: April 17, 2024, 1:10 am

Hikal Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital16161616161616252525252525
Reserves4144344885165475896537327929091,0431,1091,121
Borrowings533584546547505598635661646610675748773
Other Liabilities169157219212206177237268306370470504472
Total Liabilities1,1321,1911,2701,2921,2751,3791,5421,6861,7681,9132,2132,3852,391
Fixed Assets639660644639623668634713735713879948929
CWIP76496162666311879161254295412506
Investments33333431111155
Other Assets4144795625885836457888938719461,0281,020950
Total Assets1,1321,1911,2701,2921,2751,3791,5421,6861,7681,9132,2132,3852,391

Hikal Ltd Reserves and Borrowings Chart

Hikal Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 13761154102186163139186285229294315
Cash from Investing Activity -54-28-23-43-64-102-110-125-164-156-284-292
Cash from Financing Activity -87-27-124-69-124-63-25-55-101-97-6-8
Net Cash Flow-467-10-2-24620-24415

Hikal Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days47395444928180821038280113
Inventory Days359302268229189158156147107121104134
Days Payable158127117101938668959291103123
Cash Conversion Cycle24821420517318815316813511811281124
Working Capital Days84958497126107114901139886119
ROCE %14%16%11%11%12%13%15%14%16%15%8%

Hikal Ltd Financial Efficiency Indicators Chart

Hikal Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters68.77%68.77%68.77%68.77%68.77%68.77%68.77%68.77%68.82%68.85%68.85%68.85%
FIIs4.91%5.91%4.20%6.36%6.91%6.92%3.91%4.27%4.40%4.56%4.57%4.81%
DIIs0.68%0.59%0.70%0.59%0.39%0.89%0.89%1.37%1.57%2.18%2.78%3.11%
Public25.64%24.73%26.33%24.28%23.93%23.42%26.43%25.58%25.20%24.40%23.79%23.22%
No. of Shareholders55,97353,02161,87068,23372,45075,34179,10578,50075,78075,16775,11076,126

Hikal Ltd Shareholding Pattern Chart

No. of Hikal Ltd Shareholders

Hikal Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund36,6830.221.01852024-06-2243056.47%
Motilal Oswal S&P BSE Healthcare ETF4050.140.01852024-06-22376.47%
Groww Nifty Total Market Index Fund850.010852024-06-220%

Hikal Ltd ROCE Trend

Hikal Ltd EPS Trend

Hikal Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)5.646.3613.0210.806.85
Diluted EPS (Rs.)5.646.3613.0210.806.85
Cash EPS (Rs.)15.1815.2020.7817.7113.54
Book Value[Excl.RevalReserv]/Share (Rs.)96.3291.9386.6275.7066.22
Book Value[Incl.RevalReserv]/Share (Rs.)96.3291.9386.6275.7066.22
Revenue From Operations / Share (Rs.)144.74164.07157.56139.53122.24
PBDIT / Share (Rs.)21.8621.2928.0226.5922.45
PBIT / Share (Rs.)12.3212.4520.2619.6815.77
PBT / Share (Rs.)7.758.5517.7316.7410.27
Net Profit / Share (Rs.)5.646.3613.0210.806.85
NP After MI And SOA / Share (Rs.)5.646.3613.0210.806.85
PBDIT Margin (%)15.1012.9717.7819.0518.36
PBIT Margin (%)8.517.5812.8514.1012.89
PBT Margin (%)5.355.2011.2511.998.39
Net Profit Margin (%)3.903.878.267.735.60
NP After MI And SOA Margin (%)3.903.878.267.735.60
Return on Networth / Equity (%)5.866.9115.0214.2610.34
Return on Capital Employeed (%)8.778.9017.2919.3116.59
Return On Assets (%)2.793.287.256.954.77
Long Term Debt / Equity (X)0.350.430.260.280.37
Total Debt / Equity (X)0.680.650.630.550.68
Asset Turnover Ratio (%)0.730.870.940.930.87
Current Ratio (X)1.281.421.251.341.30
Quick Ratio (X)0.870.940.820.930.77
Inventory Turnover Ratio (X)2.603.473.473.132.31
Dividend Payout Ratio (NP) (%)0.0015.7316.9011.1123.36
Dividend Payout Ratio (CP) (%)0.006.5710.586.7711.82
Earning Retention Ratio (%)0.0084.2783.1088.8976.64
Cash Earning Retention Ratio (%)0.0093.4389.4293.2388.18
Interest Coverage Ratio (X)4.785.4611.079.065.28
Interest Coverage Ratio (Post Tax) (X)2.232.636.144.682.90
Enterprise Value (Cr.)4058.844164.235587.562246.861360.47
EV / Net Operating Revenue (X)2.272.062.881.310.90
EV / EBITDA (X)15.0615.8716.176.854.91
MarketCap / Net Operating Revenue (X)1.831.722.551.030.57
Retention Ratios (%)0.0084.2683.0988.8876.63
Price / BV (X)2.753.074.651.901.06
Price / Net Operating Revenue (X)1.831.722.551.030.57
EarningsYield0.020.020.030.070.09

Hikal Ltd Profitability Ratios (%)

Hikal Ltd Liquidity Ratios

Hikal Ltd Liquidity Ratios (%)

Hikal Ltd Interest Coverage Ratios (%)

Hikal Ltd Valuation Ratios

Fair Value

Fair Value: 320.16

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.61% compared to the current price 312

Intrinsic Value: 318.17

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 1.98% compared to the current price ₹312

Last 5 Year EPS CAGR: -0.62%

*Investments are subject to market risks

Strength and Weakness of Hikal Ltd Stock

StrengthWeakness
  1. The company has higher reserves (719.00 cr) compared to borrowings (620.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (308.00 cr) and profit (108.00 cr) over the years.
  1. The stock has a low average ROCE of 12.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 101.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 159.92, which may not be favorable.

FAQ

What is the latest fair value of Hikal Ltd?

The latest fair value of Hikal Ltd is ₹320.16.

What is the Market Cap of Hikal Ltd?

The Market Cap of Hikal Ltd is 3,845 Cr..

What is the current Stock Price of Hikal Ltd as on 23 June 2024?

The current stock price of Hikal Ltd as on 23 June 2024 is ₹312.

What is the High / Low of Hikal Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hikal Ltd stocks is 331/250.

What is the Stock P/E of Hikal Ltd?

The Stock P/E of Hikal Ltd is 55.2.

What is the Book Value of Hikal Ltd?

The Book Value of Hikal Ltd is 96.3.

What is the Dividend Yield of Hikal Ltd?

The Dividend Yield of Hikal Ltd is 0.38 %.

What is the ROCE of Hikal Ltd?

The ROCE of Hikal Ltd is 7.81 %.

What is the ROE of Hikal Ltd?

The ROE of Hikal Ltd is 6.00 %.

What is the Face Value of Hikal Ltd?

The Face Value of Hikal Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Hikal 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