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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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

Basic Stock Data of Hindprakash Industries Ltd

Last Updated: July 20, 2024, 11:03 pm

Market Cap 170 Cr.
Current Price 163
High / Low211/90.0
Stock P/E110
Book Value 48.1
Dividend Yield0.31 %
ROCE7.05 %
ROE3.42 %
Face Value 10.0
PEG Ratio-85.35

Data Source: screener.in

Hindprakash Industries Ltd Quarterly Results

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales30.9418.3523.1215.6243.6927.4930.0415.21
Expenses30.1418.3122.5015.1241.0426.1829.6013.83
Operating Profit0.800.040.620.502.651.310.441.38
OPM %2.59%0.22%2.68%3.20%6.07%4.77%1.46%9.07%
Other Income0.610.160.690.480.440.240.360.32
Interest0.290.290.370.610.510.630.670.66
Depreciation0.080.070.160.110.130.110.110.11
Profit before tax1.04-0.160.780.262.450.810.020.93
Tax %23.08%6.25%23.08%26.92%26.12%25.93%100.00%24.73%
Net Profit0.81-0.150.600.201.820.600.000.69
EPS in Rs0.78-0.140.580.191.750.580.000.66

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

Hindprakash Industries Ltd Quarterly Chart

Hindprakash Industries Ltd Profit & Loss

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

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:-1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-37%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:48%
1 Year:67%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:3%

Last Updated: July 17, 2024, 5:37 pm

Hindprakash Industries Ltd Balance Sheet

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

MonthMar 2022Mar 2023Sep 2023
Equity Capital101010
Reserves283033
Borrowings92125
Other Liabilities81812
Total Liabilities568080
Fixed Assets111615
CWIP3-00
Investments055
Other Assets426060
Total Assets568080

Hindprakash Industries Ltd Reserves and Borrowings Chart

Hindprakash Industries Ltd Cash Flow

MonthMar 2022Mar 2023Mar 2024
Cash from Operating Activity 2.595.183.24
Cash from Investing Activity 0.53-12.83-8.22
Cash from Financing Activity -3.118.274.38
Net Cash Flow0.010.62-0.59

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

MonthMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters72.37%72.37%72.37%72.37%74.85%74.85%74.85%74.85%74.85%74.85%74.66%74.95%
Public27.63%27.63%27.62%27.63%25.15%25.15%25.16%25.16%25.16%25.16%25.35%25.05%
No. of Shareholders2092001901881972184861,3051,4422,4162,3032,721

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 24Mar 23Mar 22
FaceValue10.0010.0010.00
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) (%)0.008.8010.58
Dividend Payout Ratio (CP) (%)0.007.399.51
Earning Retention Ratio (%)0.0091.2089.42
Cash Earning Retention Ratio (%)0.0092.6190.49
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 (%)0.0091.1989.41
Price / BV (X)2.891.861.51
Price / Net Operating Revenue (X)1.460.780.55
EarningsYield0.010.030.04

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

Fair Value: 181.51

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: 11.36% compared to the current price 163

Intrinsic Value: 179.17

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: 9.92% compared to the current price 163

Last 5 Year EPS CAGR: -1.29%

*Investments are subject to market risks

Strength and Weakness of Hindprakash Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (32.26 cr) compared to borrowings (17.64 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 has a low average ROCE of 4.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 133.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 126.50, which may not be favorable.

FAQ

What is the latest fair value of Hindprakash Industries Ltd?

The latest fair value of Hindprakash Industries Ltd is ₹181.51.

What is the Market Cap of Hindprakash Industries Ltd?

The Market Cap of Hindprakash Industries Ltd is 170 Cr..

What is the current Stock Price of Hindprakash Industries Ltd as on 21 July 2024?

The current stock price of Hindprakash Industries Ltd as on 21 July 2024 is 163.

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

In FY 2024, the High / Low of Hindprakash Industries Ltd stocks is 211/90.0.

What is the Stock P/E of Hindprakash Industries Ltd?

The Stock P/E of Hindprakash Industries Ltd is 110.

What is the Book Value of Hindprakash Industries Ltd?

The Book Value of Hindprakash Industries Ltd is 48.1.

What is the Dividend Yield of Hindprakash Industries Ltd?

The Dividend Yield of Hindprakash Industries Ltd is 0.31 %.

What is the ROCE of Hindprakash Industries Ltd?

The ROCE of Hindprakash Industries Ltd is 7.05 %.

What is the ROE of Hindprakash Industries Ltd?

The ROE of Hindprakash Industries Ltd is 3.42 %.

What is the Face Value of Hindprakash Industries Ltd?

The Face Value of Hindprakash Industries Ltd is 10.0.

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