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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Chemicals - OthersNo: 62/B, Braunfeld Row, Kolkata West Bengal 700027contactus@hindcon.com
http://www.hindcon.com
Management
NamePosition Held
Mr. Sanjay GoenkaChairman & Managing Director
Mrs. Nilima GoenkaWhole Time Director
Mr. Ramsanatan BanerjeeWhole Time Director
Mr. Binay Kumar AgarwalIndependent Director
Mr. Sudhir Kumar BhartiaIndependent Director
Mr. Girdhari Lal GoenkaIndependent Director

Hindcon Chemicals Ltd. Share Price Update

Share PriceValue
Today₹57.85
Previous Day₹57.85

Basic Stock Data of Hindcon Chemicals Ltd

Market Cap 296 Cr.
Current Price 57.8
High / Low69.7/15.3
Stock P/E51.5
Book Value 9.07
Dividend Yield0.17 %
ROCE14.3 %
ROE10.6 %
Face Value 2.00

Data Source: screener.in

Competitors of Hindcon Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tamil Nadu Petro Products Ltd 850 Cr. 94.4114/68.413.6 93.61.59 %15.1 %11.8 % 10.0
SRF Ltd 70,985 Cr. 2,3952,637/2,04048.1 3660.30 %22.4 %22.8 % 10.0
Shree Pushkar Chemicals & Fertilizers Ltd 600 Cr. 190242/14016.3 1440.79 %11.6 %8.91 % 10.0
Andhra Sugars Ltd 1,497 Cr. 110129/100.018.2 1141.81 %16.0 %12.6 % 2.00
S H Kelkar & Company Ltd (SHK) 2,962 Cr. 214226/81.631.6 82.50.93 %8.04 %6.66 % 10.0
Industry Average15,378.80 Cr600.6825.56160.021.08%14.63%12.55%8.40

Hindcon Chemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales9.7712.5314.2813.2215.2216.6821.5021.0618.6426.6419.2517.2719.46
Expenses8.7211.2913.3012.0014.2915.2920.0719.7918.1924.8617.5914.1818.44
Operating Profit1.051.240.981.220.931.391.431.270.451.781.663.091.02
OPM %10.75%9.90%6.86%9.23%6.11%8.33%6.65%6.03%2.41%6.68%8.62%17.89%5.24%
Other Income0.760.460.610.490.360.310.210.230.420.270.270.410.31
Interest-0.00-0.00-0.00-0.000.01-0.00-0.000.010.010.020.010.010.03
Depreciation0.040.050.060.050.060.070.080.070.070.070.080.060.07
Profit before tax1.771.651.531.661.221.631.561.420.791.961.843.431.23
Tax %35.59%25.45%16.99%25.90%39.34%34.97%22.44%28.17%31.65%27.55%26.63%25.66%30.08%
Net Profit1.141.231.281.240.741.071.211.040.541.411.362.550.88
EPS in Rs0.220.240.240.240.140.210.230.200.110.270.260.490.17

Hindcon Chemicals Ltd Quarterly Chart

Hindcon Chemicals Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales32.8332.3433.8135.2844.4044.0744.2766.6285.5982.62
Expenses33.3030.2430.2030.4940.6540.5539.7161.6380.4275.07
Operating Profit-0.472.103.614.793.753.524.564.995.177.55
OPM %-1.43%6.49%10.68%13.58%8.45%7.99%10.30%7.49%6.04%9.14%
Other Income2.030.090.350.980.571.002.151.371.191.26
Interest0.790.680.670.520.230.090.080.020.050.07
Depreciation0.270.210.180.140.130.140.180.250.290.28
Profit before tax0.501.303.115.113.964.296.456.096.028.46
Tax %32.00%34.62%32.80%22.31%28.03%33.33%25.89%30.05%27.74%
Net Profit0.340.852.093.982.822.844.774.264.366.20
EPS in Rs0.451.122.760.780.550.550.920.830.841.19
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:19%
3 Years:25%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:4%
3 Years:15%
TTM:38%
Stock Price CAGR
10 Years:%
5 Years:73%
3 Years:124%
1 Year:211%
Return on Equity
10 Years:%
5 Years:11%
3 Years:12%
Last Year:11%

Hindcon Chemicals Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.760.760.8510.247.677.677.677.677.677.67
Reserves10.6911.5014.2315.4722.4224.6727.7831.4734.6838.78
Borrowings8.925.285.020.820.180.300.991.240.980.81
Other Liabilities4.436.305.946.605.956.736.7812.2310.3111.97
Total Liabilities24.8023.8426.0433.1336.2239.3743.2252.6153.6459.23
Fixed Assets0.930.921.111.081.001.131.411.722.572.54
CWIP0.000.000.000.000.000.000.000.000.392.32
Investments0.280.660.813.244.324.472.793.212.193.79
Other Assets23.5922.2624.1228.8130.9033.7739.0247.6848.4950.58
Total Assets24.8023.8426.0433.1336.2239.3743.2252.6153.6459.23

Hindcon Chemicals Ltd Reserves and Borrowings Chart

Hindcon Chemicals Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.213.820.702.44-1.982.124.78-4.445.37
Cash from Investing Activity -0.30-0.520.48-1.35-0.270.180.791.880.75
Cash from Financing Activity 1.96-4.34-0.872.24-0.78-0.47-0.01-1.70-0.84
Net Cash Flow1.46-1.050.313.33-3.031.835.56-4.265.27

Hindcon Chemicals Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days199.90204.51199.50189.43159.56164.24158.38144.42111.65
Inventory Days17.8718.3013.0843.6228.9422.9821.7724.2617.35
Days Payable41.2160.5550.9255.5239.0854.3450.6353.6938.78
Cash Conversion Cycle176.57162.27161.66177.53149.42132.88129.53115.0090.22
Working Capital Days193.45169.41182.34177.53191.13200.68167.62159.54118.81
ROCE %10.43%19.92%21.20%14.70%13.98%18.85%15.69%14.34%

Hindcon Chemicals Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

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

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.685.565.893.713.68
Diluted EPS (Rs.)5.685.565.893.713.68
Cash EPS (Rs.)6.055.896.193.913.88
Book Value[Excl.RevalReserv]/Share (Rs.)55.8351.6147.5142.4639.51
Book Value[Incl.RevalReserv]/Share (Rs.)55.8351.6147.5142.4639.51
Revenue From Operations / Share (Rs.)111.5786.8357.8557.9558.03
PBDIT / Share (Rs.)8.298.308.595.785.52
PBIT / Share (Rs.)7.927.978.345.605.35
PBT / Share (Rs.)7.857.948.325.605.15
Net Profit / Share (Rs.)5.685.565.953.733.71
NP After MI And SOA / Share (Rs.)5.635.515.893.713.67
PBDIT Margin (%)7.439.5514.849.989.51
PBIT Margin (%)7.099.1714.429.669.21
PBT Margin (%)7.039.1414.399.658.87
Net Profit Margin (%)5.086.3910.286.436.38
NP After MI And SOA Margin (%)5.046.3510.186.396.33
Return on Networth / Equity (%)10.1910.8012.508.799.37
Return on Capital Employeed (%)14.0615.4217.4213.0713.52
Return On Assets (%)8.058.0410.157.197.78
Total Debt / Equity (X)0.020.030.020.010.01
Asset Turnover Ratio (%)1.651.351.091.211.28
Current Ratio (X)4.563.564.835.075.16
Quick Ratio (X)4.243.294.574.754.69
Inventory Turnover Ratio (X)14.5411.9911.2111.329.49
Dividend Payout Ratio (NP) (%)0.0045.5415.2616.190.00
Dividend Payout Ratio (CP) (%)0.0042.9714.6615.430.00
Earning Retention Ratio (%)0.0054.4684.7483.810.00
Cash Earning Retention Ratio (%)0.0057.0385.3484.570.00
Interest Coverage Ratio (X)126.44284.21447.201412.6028.20
Interest Coverage Ratio (Post Tax) (X)87.60191.32310.80911.5319.93
Enterprise Value (Cr.)51.8349.659.635.8316.12
EV / Net Operating Revenue (X)0.600.740.210.130.36
EV / EBITDA (X)8.157.801.461.313.80
MarketCap / Net Operating Revenue (X)0.700.800.420.180.38
Retention Ratios (%)0.0054.4584.7383.800.00
Price / BV (X)1.431.360.510.260.56
Price / Net Operating Revenue (X)0.700.800.420.180.38
EarningsYield0.070.070.240.330.16

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 of Hindcon Chemicals Ltd Stock

Fair Value: ₹49.60

The stock is overvalued by 14.19% compared to the current price ₹57.8

*Investments are subject to market risks

Strength and Weakness of Hindcon Chemicals Ltd Stock

StrengthWeakness
  1. The company has higher reserves (23.17 cr) compared to borrowings (2.45 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (50.18 cr) and profit (4.53 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.04 and average Dividend Yield of 9.91%.
  2. The stock has a low average ROCE of 14.35%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 173.39, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 143.90, which may not be favorable.

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 Hindcon Chemicals 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