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Last Updated: April 2, 2026, 3:02 am
Author: Getaka|Social: XLinkedIn

Hindprakash Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹103.59Overvalued by 11.46%vs CMP ₹117.00

P/E (87.1) × ROE (3.3%) × BV (₹43.90) × DY (2.00%)

₹52.74Overvalued by 54.92%vs CMP ₹117.00
MoS: -121.8% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹83.2531%Over (-28.8%)
Graham NumberEarnings₹36.6519%Over (-68.7%)
Net Asset ValueAssets₹43.8110%Over (-62.6%)
EV/EBITDAEnterprise₹18.5513%Over (-84.1%)
Earnings YieldEarnings₹13.6010%Over (-88.4%)
ROCE CapitalReturns₹52.7210%Over (-54.9%)
Revenue MultipleRevenue₹86.888%Over (-25.7%)
Consensus (7 models)₹52.74100%Overvalued
Key Drivers: EPS CAGR -19.6% drags value — could be higher if earnings stabilize. | ROE 3.3% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.6%

*Investments are subject to market risks

Investment Snapshot

46
Hindprakash Industries Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health47/100 · Moderate
ROCE 7.0% WeakROE 3.3% WeakD/E 0.23 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 74.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 4% Steady
Quarterly Momentum30/100 · Weak
Revenue (4Q): -1% YoY FlatProfit (4Q): -38% YoY DecliningOPM: 2.9% (down 3.2% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 87.1 vs industry 166.4 Cheaper than peersROCE 7.0% vs industry 10.9% AverageROE 3.3% vs industry 9.0% Below peers

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: April 2, 2026, 3:02 am

Market Cap 134 Cr.
Current Price 117
Intrinsic Value₹52.74
High / Low 176/107
Stock P/E87.1
Book Value 43.9
Dividend Yield0.00 %
ROCE6.96 %
ROE3.32 %
Face Value 10.0
PEG Ratio-4.44

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

View Share Price Target for Hindprakash Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hindprakash Industries Ltd 134 Cr. 117 176/10787.1 43.90.00 %6.96 %3.32 % 10.0
AksharChem (India) Ltd 125 Cr. 155 331/141 3260.48 %3.46 %1.82 % 10.0
Mahickra Chemicals Ltd 175 Cr. 215 224/10383.2 45.10.09 %9.86 %7.33 % 10.0
Poddar Pigments Ltd 221 Cr. 208 354/20114.6 3461.92 %8.60 %6.43 % 10.0
Asahi Songwon Colors Ltd 237 Cr. 201 492/17915.2 2190.75 %9.17 %8.15 % 10.0
Industry Average1,057.00 Cr238.70166.44186.930.49%10.89%9.02%8.13

All Competitor Stocks of Hindprakash Industries Ltd

Quarterly Result

MetricMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales 30.9418.3523.1215.6243.6927.4930.0415.2126.76
Expenses 30.1418.3122.5015.1241.0426.1829.6013.8325.99
Operating Profit 0.800.040.620.502.651.310.441.380.77
OPM % 2.59%0.22%2.68%3.20%6.07%4.77%1.46%9.07%2.88%
Other Income 0.610.160.690.480.440.240.360.320.37
Interest 0.290.290.370.610.510.630.670.660.64
Depreciation 0.080.070.160.110.130.110.110.110.11
Profit before tax 1.04-0.160.780.262.450.810.020.930.39
Tax % 23.08%-6.25%23.08%26.92%26.12%25.93%100.00%24.73%35.90%
Net Profit 0.81-0.150.600.201.820.600.000.690.25
EPS in Rs 0.78-0.140.580.191.750.580.000.660.22

Last Updated: February 28, 2025, 7:31 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:03 pm

MetricMar 2022Mar 2023Mar 2024
Sales 103.61100.7999.50
Expenses 99.9196.9695.58
Operating Profit 3.703.833.92
OPM % 3.57%3.80%3.94%
Other Income 1.201.771.28
Interest 0.921.792.62
Depreciation 0.310.470.44
Profit before tax 3.673.342.14
Tax % 25.61%26.05%28.04%
Net Profit 2.732.471.55
EPS in Rs 2.622.371.36
Dividend Payout % 38.17%21.09%36.84%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-2024
YoY Net Profit Growth (%)-9.52%-37.25%
Change in YoY Net Profit Growth (%)0.00%-27.72%

Hindprakash Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 2 years from 2022-2023 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-38%
Stock Price CAGR
10 Years:%
5 Years:24%
3 Years:14%
1 Year:-14%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:3%

Last Updated: September 5, 2025, 6:15 am

Balance Sheet

Last Updated: December 14, 2024, 3:30 pm

MonthMar 2022Mar 2023Mar 2024
Equity Capital 10.4210.4211.42
Reserves 27.8732.1938.76
Borrowings 9.1621.4122.35
Other Liabilities 8.1915.9312.17
Total Liabilities 55.6479.9584.70
Fixed Assets 10.8215.5415.15
CWIP 2.710.000.30
Investments 0.074.864.62
Other Assets 42.0459.5564.63
Total Assets 55.6479.9584.70

Reserves and Borrowings Chart

Cash Flow

MonthMar 2022Mar 2023Mar 2024
Cash from Operating Activity + 2.595.173.24
Cash from Investing Activity + 0.53-12.83-8.22
Cash from Financing Activity + -3.118.274.38
Net Cash Flow 0.010.62-0.59
Free Cash Flow 2.063.102.82
CFO/OP 106%154%93%

Free Cash Flow

MonthMar 2022Mar 2023Mar 2024
Free Cash Flow-5.46-17.58-18.43

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

MonthMar 2022Mar 2023Mar 2024
Debtor Days 81.69118.0295.27
Inventory Days 60.2163.5479.37
Days Payable 11.8258.1245.01
Cash Conversion Cycle 130.09123.44129.62
Working Capital Days 111.8566.6061.81
ROCE %9.20%6.96%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.85%74.85%74.85%74.66%74.95%74.95%74.95%74.85%74.85%74.85%74.85%74.85%
Public 25.16%25.16%25.16%25.35%25.05%25.06%25.06%25.15%25.14%25.16%25.16%25.15%
No. of Shareholders 1,3051,4422,4162,3032,7212,7942,9023,3553,4713,3743,5053,239

Shareholding Pattern Chart

No. of Shareholders

Hindprakash Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 1.462.362.62
Diluted EPS (Rs.) 1.412.312.62
Cash EPS (Rs.) 1.722.802.91
Book Value[Excl.RevalReserv]/Share (Rs.) 43.9340.8836.74
Book Value[Incl.RevalReserv]/Share (Rs.) 43.9340.8836.74
Revenue From Operations / Share (Rs.) 87.1096.6899.40
PBDIT / Share (Rs.) 4.525.344.68
PBIT / Share (Rs.) 4.144.884.39
PBT / Share (Rs.) 1.863.183.53
Net Profit / Share (Rs.) 1.342.352.62
NP After MI And SOA / Share (Rs.) 1.362.362.62
PBDIT Margin (%) 5.195.524.71
PBIT Margin (%) 4.755.054.41
PBT Margin (%) 2.133.293.54
Net Profit Margin (%) 1.542.422.63
NP After MI And SOA Margin (%) 1.562.442.63
Return on Networth / Equity (%) 3.095.787.12
Return on Capital Employeed (%) 9.0711.209.99
Return On Assets (%) 1.833.084.90
Long Term Debt / Equity (X) 0.030.060.09
Total Debt / Equity (X) 0.440.500.23
Asset Turnover Ratio (%) 1.211.490.00
Current Ratio (X) 1.531.564.23
Quick Ratio (X) 0.921.082.62
Inventory Turnover Ratio (X) 4.214.260.00
Dividend Payout Ratio (NP) (%) 6.988.8010.58
Dividend Payout Ratio (CP) (%) 5.457.399.51
Earning Retention Ratio (%) 93.0291.2089.42
Cash Earning Retention Ratio (%) 94.5592.6190.49
Interest Coverage Ratio (X) 1.993.145.44
Interest Coverage Ratio (Post Tax) (X) 1.592.384.04
Enterprise Value (Cr.) 166.9999.7466.74
EV / Net Operating Revenue (X) 1.680.980.64
EV / EBITDA (X) 32.3317.9313.67
MarketCap / Net Operating Revenue (X) 1.460.780.55
Retention Ratios (%) 93.0191.1989.41
Price / BV (X) 2.891.861.51
Price / Net Operating Revenue (X) 1.460.780.55
EarningsYield 0.010.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindprakash Industries Ltd. is a Public Limited Listed company incorporated on 11/11/2008 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24100GJ2008PLC055401 and registration number is 055401. 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. 101.82 Cr. and Equity Capital is Rs. 11.42 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Dyes & Pigments301, Hindprakash House, Ahmedabad Gujarat 382445Contact not found
Management
NamePosition Held
Mr. Om Prakash MangalChairman & Non-Exe.Director
Mr. Sanjay Prakash MangalManaging Director
Mr. Santosh Narayan NambiarWhole Time Director
Mr. Jitendra Kumar SharmaIndependent Director
Mr. Rushabh ShahIndependent Director
Ms. Shivani PathakIndependent Director

FAQ

What is the intrinsic value of Hindprakash Industries Ltd and is it undervalued?

As of 10 April 2026, Hindprakash Industries Ltd's intrinsic value is ₹52.74, which is 54.92% lower than the current market price of ₹117.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.32 %), book value (₹43.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindprakash Industries Ltd?

Hindprakash Industries Ltd is trading at ₹117.00 as of 10 April 2026, with a FY2026-2027 high of ₹176 and low of ₹107. The stock is currently near its 52-week low. Market cap stands at ₹134 Cr..

How does Hindprakash Industries Ltd's P/E ratio compare to its industry?

Hindprakash Industries Ltd has a P/E ratio of 87.1, which is below the industry average of 166.44. This is broadly in line with or below the industry average.

Is Hindprakash Industries Ltd financially healthy?

Key indicators for Hindprakash Industries Ltd: ROCE of 6.96 % is on the lower side compared to the industry average of 10.89%; ROE of 3.32 % is below ideal levels (industry average: 9.02%). Dividend yield is 0.00 %.

Is Hindprakash Industries Ltd profitable and how is the profit trend?

Hindprakash Industries Ltd reported a net profit of ₹2 Cr in Mar 2024 on revenue of ₹100 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does Hindprakash Industries Ltd pay dividends?

Hindprakash Industries Ltd has a dividend yield of 0.00 % at the current price of ₹117.00. 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 Hindprakash Industries 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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