Fundamental Analysis of Hindcon Chemicals Ltd

About the Company - Hindcon Chemicals Ltd

Hindcon Chemicals Ltd. is a Public Limited Listed company incorporated on 25/08/1998 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L24117WB1998PLC087800 and registration number is 087800. Currently Company is involved in the business activities of Manufacture of various other chemical products(antiknock preparations, anti-freeze preparations, liquids for hydraulic transmission, composite diagnostic or laboratory reagents, writing or drawing ink, chemical substance used in manufacturing of pesticides and other chemical products). Company’s Total Operating Revenue is Rs. 63.70 Cr. and Equity Capital is Rs. 10.24 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Others	No: 62/B, Braunfeld Row, Kolkata West Bengal 700027	contactus@hindcon.com http://www.hindcon.com

Management
Name	Position Held
Mr. Sanjay Goenka	Chairman & Managing Director
Mrs. Nilima Goenka	Whole Time Director
Mr. Ramsanatan Banerjee	Whole Time Director
Mr. Binay Kumar Agarwal	Independent Director
Mr. Sudhir Kumar Bhartia	Independent Director
Mr. Girdhari Lal Goenka	Independent Director

Basic Stock Data of Hindcon Chemicals Ltd

Last Updated: July 26, 2024, 10:36 pm

Market Cap	268 Cr.
Current Price	52.3
High / Low	69.7/17.6
Stock P/E	43.4
Book Value	9.76
Dividend Yield	0.19 %
ROCE	17.9 %
ROE	13.4 %
Face Value	2.00
PEG Ratio	2.84

Data Source: screener.in

Competitors of Hindcon Chemicals Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Diamines & Chemicals Ltd	619 Cr.	634	693/446	40.2	151	0.39 %	15.8 %	10.9 %	10.0
Deco-Mica Ltd	43.4 Cr.	103	122/57.4	18.8	59.5	0.00 %	13.4 %	9.67 %	10.0
Blue Pearl Texspin Ltd	1.19 Cr.	46.4	46.4/31.4		7.03	0.00 %	32.6 %	%	10.0
Andhra Sugars Ltd	1,586 Cr.	117	129/92.0	20.1	117	1.71 %	5.73 %	5.06 %	2.00
Tamil Nadu Petro Products Ltd	936 Cr.	104	114/75.6	15.4	95.5	1.44 %	9.67 %	7.23 %	10.0
Industry Average	12,403.88 Cr	896.34		35.11	169.06	0.58%	14.57%	10.93%	8.40

Hindcon Chemicals Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	12.53	14.28	13.22	15.22	16.68	21.50	21.06	18.64	26.64	19.25	17.27	19.46	13.44
Expenses	11.29	13.30	12.00	14.29	15.29	20.07	19.79	18.19	24.86	17.59	14.18	18.44	12.25
Operating Profit	1.24	0.98	1.22	0.93	1.39	1.43	1.27	0.45	1.78	1.66	3.09	1.02	1.19
OPM %	9.90%	6.86%	9.23%	6.11%	8.33%	6.65%	6.03%	2.41%	6.68%	8.62%	17.89%	5.24%	8.85%
Other Income	0.46	0.61	0.49	0.36	0.31	0.21	0.23	0.42	0.27	0.27	0.41	0.31	0.29
Interest	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.01	0.02	0.01	0.01	0.03	0.01
Depreciation	0.05	0.06	0.05	0.06	0.07	0.08	0.07	0.07	0.07	0.08	0.06	0.07	0.08
Profit before tax	1.65	1.53	1.66	1.22	1.63	1.56	1.42	0.79	1.96	1.84	3.43	1.23	1.39
Tax %	25.45%	16.99%	25.90%	39.34%	34.97%	22.44%	28.17%	31.65%	27.55%	26.63%	25.66%	30.08%	27.34%
Net Profit	1.23	1.28	1.24	0.74	1.07	1.21	1.04	0.54	1.41	1.36	2.55	0.88	1.01
EPS in Rs	0.24	0.24	0.24	0.14	0.21	0.23	0.20	0.11	0.27	0.26	0.49	0.17	0.20

Last Updated: July 14, 2024, 4:28 am

Hindcon Chemicals Ltd Quarterly Chart

Hindcon Chemicals Ltd Profit & Loss

Last Updated: July 10, 2024, 5:51 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	32.83	32.34	33.81	35.28	44.40	44.07	44.27	66.62	85.59	69.42
Expenses	33.30	30.24	30.20	30.49	40.65	40.55	39.71	61.63	80.42	62.46
Operating Profit	-0.47	2.10	3.61	4.79	3.75	3.52	4.56	4.99	5.17	6.96
OPM %	-1.43%	6.49%	10.68%	13.58%	8.45%	7.99%	10.30%	7.49%	6.04%	10.03%
Other Income	2.03	0.09	0.35	0.98	0.57	1.00	2.15	1.37	1.19	1.28
Interest	0.79	0.68	0.67	0.52	0.23	0.09	0.08	0.02	0.05	0.06
Depreciation	0.27	0.21	0.18	0.14	0.13	0.14	0.18	0.25	0.29	0.29
Profit before tax	0.50	1.30	3.11	5.11	3.96	4.29	6.45	6.09	6.02	7.89
Tax %	32.00%	34.62%	32.80%	22.31%	28.03%	33.33%	25.89%	30.05%	27.74%
Net Profit	0.34	0.85	2.09	3.98	2.82	2.84	4.77	4.26	4.36	5.80
EPS in Rs	0.45	1.12	2.76	0.78	0.55	0.55	0.92	0.83	0.84	1.12
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	16.32%	24.31%	24.32%	30.83%	0.00%

Hindcon Chemicals Ltd Profit & Loss Yearly Chart

Hindcon Chemicals Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	13%
TTM:	-25%

Compounded Profit Growth
10 Years:	%
5 Years:	17%
3 Years:	9%
TTM:	43%

Stock Price CAGR
10 Years:	%
5 Years:	71%
3 Years:	51%
1 Year:	193%

Return on Equity
10 Years:	%
5 Years:	12%
3 Years:	12%
Last Year:	13%

Last Updated: July 25, 2024, 5:13 am

Hindcon Chemicals Ltd Balance Sheet

Last Updated: July 10, 2024, 5:51 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	0.76	0.76	0.85	10.24	7.67	7.67	7.67	7.67	7.67	7.67
Reserves	10.69	11.50	14.23	15.47	22.42	24.67	27.78	31.47	34.68	38.78
Borrowings	8.92	5.28	5.02	0.82	0.18	0.30	0.99	1.24	0.98	0.81
Other Liabilities	4.43	6.30	5.94	6.60	5.95	6.73	6.78	12.23	10.31	11.97
Total Liabilities	24.80	23.84	26.04	33.13	36.22	39.37	43.22	52.61	53.64	59.23
Fixed Assets	0.93	0.92	1.11	1.08	1.00	1.13	1.41	1.72	2.57	2.54
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.39	2.32
Investments	0.28	0.66	0.81	3.24	4.32	4.47	2.79	3.21	2.19	3.79
Other Assets	23.59	22.26	24.12	28.81	30.90	33.77	39.02	47.68	48.49	50.58
Total Assets	24.80	23.84	26.04	33.13	36.22	39.37	43.22	52.61	53.64	59.23

Hindcon Chemicals Ltd Reserves and Borrowings Chart

Hindcon Chemicals Ltd Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-0.21	3.82	0.70	2.44	-1.98	2.12	4.78	-4.44	5.37	9.18
Cash from Investing Activity	-0.30	-0.52	0.48	-1.35	-0.27	0.18	0.79	1.88	0.75	-6.49
Cash from Financing Activity	1.96	-4.34	-0.87	2.24	-0.78	-0.47	-0.01	-1.70	-0.84	-1.44
Net Cash Flow	1.46	-1.05	0.31	3.33	-3.03	1.83	5.56	-4.26	5.27	1.26

Hindcon Chemicals Ltd Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	199.90	204.51	199.50	189.43	159.56	164.24	158.38	144.42	111.65	125.83
Inventory Days	17.87	18.30	13.08	43.62	28.94	22.98	21.77	24.26	17.35	12.03
Days Payable	41.21	60.55	50.92	55.52	39.08	54.34	50.63	53.69	38.78	42.55
Cash Conversion Cycle	176.57	162.27	161.66	177.53	149.42	132.88	129.53	115.00	90.22	95.32
Working Capital Days	193.45	169.41	182.34	177.53	191.13	200.68	167.62	159.54	118.81	128.27
ROCE %		10.43%	19.92%	21.20%	14.70%	13.98%	18.85%	15.69%	14.34%

Hindcon Chemicals Ltd Financial Efficiency Indicators Chart

Hindcon Chemicals Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	67.88%	68.08%	68.08%	68.08%	68.08%	68.08%	68.12%	68.16%	68.16%	68.34%	68.52%	68.52%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Public	32.11%	31.92%	31.92%	31.92%	31.93%	31.92%	31.88%	31.84%	31.84%	31.66%	31.48%	31.48%
No. of Shareholders	255	3,272	4,669	5,850	5,946	7,741	10,441	10,777	11,158	10,937	23,797	28,124

Hindcon Chemicals Ltd Shareholding Pattern Chart

No. of Hindcon Chemicals Ltd Shareholders

This stock is not held by any mutual fund

Hindcon Chemicals Ltd ROCE Trend

Hindcon Chemicals Ltd EPS Trend

Hindcon Chemicals Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.62	5.68	5.56	5.89	3.71
Diluted EPS (Rs.)	1.62	5.68	5.56	5.89	3.71
Cash EPS (Rs.)	1.72	6.05	5.89	6.19	3.91
Book Value[Excl.RevalReserv]/Share (Rs.)	13.18	55.83	51.61	47.51	42.46
Book Value[Incl.RevalReserv]/Share (Rs.)	13.18	55.83	51.61	47.51	42.46
Revenue From Operations / Share (Rs.)	16.82	111.57	86.83	57.85	57.95
PBDIT / Share (Rs.)	2.29	8.29	8.30	8.59	5.78
PBIT / Share (Rs.)	2.20	7.92	7.97	8.34	5.60
PBT / Share (Rs.)	2.18	7.85	7.94	8.32	5.60
Net Profit / Share (Rs.)	1.62	5.68	5.56	5.95	3.73
NP After MI And SOA / Share (Rs.)	1.61	5.63	5.51	5.89	3.71
PBDIT Margin (%)	13.61	7.43	9.55	14.84	9.98
PBIT Margin (%)	13.06	7.09	9.17	14.42	9.66
PBT Margin (%)	12.94	7.03	9.14	14.39	9.65
Net Profit Margin (%)	9.66	5.08	6.39	10.28	6.43
NP After MI And SOA Margin (%)	9.58	5.04	6.35	10.18	6.39
Return on Networth / Equity (%)	12.37	10.19	10.80	12.50	8.79
Return on Capital Employeed (%)	16.57	14.06	15.42	17.42	13.07
Return On Assets (%)	10.37	8.05	8.04	10.15	7.19
Total Debt / Equity (X)	0.00	0.02	0.03	0.02	0.01
Asset Turnover Ratio (%)	1.14	1.61	1.35	1.09	1.21
Current Ratio (X)	4.95	4.56	3.56	4.83	5.07
Quick Ratio (X)	4.77	4.24	3.29	4.57	4.75
Inventory Turnover Ratio (X)	13.20	14.54	11.99	11.21	11.32
Dividend Payout Ratio (NP) (%)	0.00	12.43	45.54	15.26	16.19
Dividend Payout Ratio (CP) (%)	0.00	11.65	42.97	14.66	15.43
Earning Retention Ratio (%)	0.00	87.57	54.46	84.74	83.81
Cash Earning Retention Ratio (%)	0.00	88.35	57.03	85.34	84.57
Interest Coverage Ratio (X)	116.14	126.44	284.21	447.20	1412.60
Interest Coverage Ratio (Post Tax) (X)	83.43	87.60	191.32	310.80	911.53
Enterprise Value (Cr.)	188.47	51.83	49.65	9.63	5.83
EV / Net Operating Revenue (X)	2.92	0.60	0.74	0.21	0.13
EV / EBITDA (X)	21.47	8.15	7.80	1.46	1.31
MarketCap / Net Operating Revenue (X)	3.10	0.70	0.80	0.42	0.18
Retention Ratios (%)	0.00	87.56	54.45	84.73	83.80
Price / BV (X)	4.00	1.43	1.36	0.51	0.26
Price / Net Operating Revenue (X)	3.10	0.70	0.80	0.42	0.18
EarningsYield	0.03	0.07	0.07	0.24	0.33

Hindcon Chemicals Ltd Profitability Ratios (%)

Hindcon Chemicals Ltd Liquidity Ratios

Hindcon Chemicals Ltd Liquidity Ratios (%)

Hindcon Chemicals Ltd Interest Coverage Ratios (%)

Hindcon Chemicals Ltd Valuation Ratios

Fair Value

Fair Value: 56.87

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: 8.73% compared to the current price 52.3

Intrinsic Value: 65.56

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: 25.35% compared to the current price 52.3

Last 5 Year EPS CAGR: 15.28%

*Investments are subject to market risks

Strength and Weakness of Hindcon Chemicals Ltd Stock

Strength	Weakness
The company has higher reserves (23.52 cr) compared to borrowings (2.37 cr), indicating strong financial stability. The company has shown consistent growth in sales (48.86 cr) and profit (4.47 cr) over the years.	The stock has a low average ROCE of 12.91%, which may not be favorable. The stock has a high average Working Capital Days of 168.88, which may not be favorable. The stock has a high average Cash Conversion Cycle of 139.04, which may not be favorable.

FAQ

What is the latest fair value of Hindcon Chemicals Ltd?

The latest fair value of Hindcon Chemicals Ltd is ₹56.87.

What is the Market Cap of Hindcon Chemicals Ltd?

The Market Cap of Hindcon Chemicals Ltd is 268 Cr..

What is the current Stock Price of Hindcon Chemicals Ltd as on 27 July 2024?

The current stock price of Hindcon Chemicals Ltd as on 27 July 2024 is 52.3.

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

In FY 2024, the High / Low of Hindcon Chemicals Ltd stocks is 69.7/17.6.

What is the Stock P/E of Hindcon Chemicals Ltd?

The Stock P/E of Hindcon Chemicals Ltd is 43.4.

What is the Book Value of Hindcon Chemicals Ltd?

The Book Value of Hindcon Chemicals Ltd is 9.76.

What is the Dividend Yield of Hindcon Chemicals Ltd?

The Dividend Yield of Hindcon Chemicals Ltd is 0.19 %.

What is the ROCE of Hindcon Chemicals Ltd?

The ROCE of Hindcon Chemicals Ltd is 17.9 %.

What is the ROE of Hindcon Chemicals Ltd?

The ROE of Hindcon Chemicals Ltd is 13.4 %.

What is the Face Value of Hindcon Chemicals Ltd?

The Face Value of Hindcon Chemicals Ltd is 2.00.