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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hindprakash Industries Ltd

About the Company - Hindprakash Industries Ltd

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. 103.69 Cr. and Equity Capital is Rs. 10.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dyes & Pigments301, Hindprakash House, Plot No.10/6, GIDC, Vatva, Ahmedabad Gujarat 382445info@hindprakash.com
http://www.hindprakash.in
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
Ms. Apeksha VyasIndependent Director
Mr. Rushabh ShahIndependent Director

Hindprakash Industries Ltd. Share Price Update

Share PriceValue
Today₹150.20
Previous Day₹158.00

Basic Stock Data of Hindprakash Industries Ltd

Market Cap 166 Cr.
Current Price 160
High / Low211/72.4
Stock P/E53.6
Book Value 41.3
Dividend Yield0.32 %
ROCE9.34 %
ROE6.27 %
Face Value 10.0

Data Source: screener.in

Hindprakash Industries Ltd Quarterly Results

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales30.9418.3523.1215.6243.6927.4930.04
Expenses30.1418.3122.5015.1241.0426.1829.60
Operating Profit0.800.040.620.502.651.310.44
OPM %2.59%0.22%2.68%3.20%6.07%4.77%1.46%
Other Income0.610.160.690.480.440.240.36
Interest0.290.290.370.610.510.630.67
Depreciation0.080.070.160.110.130.110.11
Profit before tax1.04-0.160.780.262.450.810.02
Tax %23.08%6.25%23.08%26.92%26.12%25.93%100.00%
Net Profit0.81-0.150.600.201.820.600.00
EPS in Rs0.78-0.140.580.191.750.580.00

Hindprakash Industries Ltd Quarterly Chart

Hindprakash Industries Ltd Profit & Loss

MonthMar 2022Mar 2023TTM
Sales104101117
Expenses10097112
Operating Profit445
OPM %4%4%4%
Other Income122
Interest122
Depreciation000
Profit before tax434
Tax %26%26%
Net Profit323
EPS in Rs2.622.372.52
Dividend Payout %38%21%

Hindprakash Industries Ltd Profit & Loss Yearly Chart

Hindprakash Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-10%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:52%
1 Year:68%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:6%

Hindprakash Industries Ltd Balance Sheet

MonthMar 2022Mar 2023Sep 2023
Equity Capital101010
Reserves283033
Borrowings92125
Other Liabilities81812
Total Liabilities568080
Fixed Assets111615
CWIP300
Investments055
Other Assets426060
Total Assets568080

Hindprakash Industries Ltd Reserves and Borrowings Chart

Hindprakash Industries Ltd Cash Flow

MonthMar 2022Mar 2023
Cash from Operating Activity 35
Cash from Investing Activity 1-13
Cash from Financing Activity -38
Net Cash Flow01

Hindprakash Industries Ltd Financial Efficiency Indicators

MonthMar 2022Mar 2023
Debtor Days82118
Inventory Days6064
Days Payable1258
Cash Conversion Cycle130123
Working Capital Days132135
ROCE %9%

Hindprakash Industries Ltd Financial Efficiency Indicators Chart

Hindprakash Industries Ltd Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023
Promoters74.85%74.85%74.85%74.85%
Public25.16%25.16%25.16%25.16%
No. of Shareholders4861,3051,4422,416

Hindprakash Industries Ltd Shareholding Pattern Chart

No. of Hindprakash Industries Ltd Shareholders

This stock is not held by any mutual fund

Hindprakash Industries Ltd ROCE Trend

Hindprakash Industries Ltd EPS Trend

Hindprakash Industries Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue10.0010.00
Basic EPS (Rs.)2.362.62
Diluted EPS (Rs.)2.312.62
Cash EPS (Rs.)2.802.91
Book Value[Excl.RevalReserv]/Share (Rs.)40.8836.74
Book Value[Incl.RevalReserv]/Share (Rs.)40.8836.74
Revenue From Operations / Share (Rs.)96.6899.40
PBDIT / Share (Rs.)5.344.68
PBIT / Share (Rs.)4.884.39
PBT / Share (Rs.)3.183.53
Net Profit / Share (Rs.)2.352.62
NP After MI And SOA / Share (Rs.)2.362.62
PBDIT Margin (%)5.524.71
PBIT Margin (%)5.054.41
PBT Margin (%)3.293.54
Net Profit Margin (%)2.422.63
NP After MI And SOA Margin (%)2.442.63
Return on Networth / Equity (%)5.787.12
Return on Capital Employeed (%)11.209.99
Return On Assets (%)3.084.90
Long Term Debt / Equity (X)0.060.09
Total Debt / Equity (X)0.500.23
Asset Turnover Ratio (%)1.490.00
Current Ratio (X)1.564.23
Quick Ratio (X)1.082.62
Inventory Turnover Ratio (X)4.260.00
Dividend Payout Ratio (NP) (%)8.8010.58
Dividend Payout Ratio (CP) (%)7.399.51
Earning Retention Ratio (%)91.2089.42
Cash Earning Retention Ratio (%)92.6190.49
Interest Coverage Ratio (X)3.145.44
Interest Coverage Ratio (Post Tax) (X)2.384.04
Enterprise Value (Cr.)99.7466.74
EV / Net Operating Revenue (X)0.980.64
EV / EBITDA (X)17.9313.67
MarketCap / Net Operating Revenue (X)0.780.55
Retention Ratios (%)91.1989.41
Price / BV (X)1.861.51
Price / Net Operating Revenue (X)0.780.55
EarningsYield0.030.04

Hindprakash Industries Ltd Profitability Ratios (%)

Hindprakash Industries Ltd Liquidity Ratios

Hindprakash Industries Ltd Liquidity Ratios (%)

Hindprakash Industries Ltd Interest Coverage Ratios (%)

Hindprakash Industries Ltd Valuation Ratios

Fair Value of Hindprakash Industries Ltd Stock

Fair Value: ₹139.24

The stock is overvalued by 12.97% compared to the current price ₹160

*Investments are subject to market risks

Strength and Weakness of Hindprakash Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (30.33 cr) compared to borrowings (18.33 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (107.33 cr) and profit (3.67 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.64 and average Dividend Yield of 4.73%.
  2. The stock has a low average ROCE of 4.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 133.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 126.50, 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 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