Hind Organic Chem

₹44 1 | 2.2%

WEBSITE BSE:500449 NSE : HIND.ORG.CHM 18 May, 12:50

Market Cap ₹296 Cr.

Stock P/E -6.4

P/B -0.3

Current Price ₹44

Book Value ₹ -158.8

Face Value 10

52W High ₹66

Dividend Yield 0%

52W Low ₹ 21.2

Edit Ratio

Hind Organic Chem Research see more...

Overview Inc. Year: 1960Industry: Chemicals

Hindustan Organic Chemicals Ltd (HOCL) is a renowned Indian public sector company specializing in the chemical industry. Established in 1960, the company is engaged in the manufacturing of various organic and inorganic chemicals and chemical intermediates. HOCL operates three manufacturing units located in Kochi, Rasayani, and Hyderabad, producing a diverse range of products for industries like pharmaceuticals, agriculture, and rubber. The company has a rich history of contributing to India's chemical sector and plays a crucial role in the nation's self-reliance in chemical production. With a focus on sustainable practices and quality standards, HOCL continues to be a significant player in India's chemical landscape, catering to both domestic and international markets.

Hind Organic Chem Share Price

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Peer Comparison

Hind Organic Chem Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	118	102	196	124	139	174	194	145	189	187
Other Income	3	2	26	2	9	3	-1	3	5	4
Total Income	121	104	222	127	148	176	193	149	193	191
Total Expenditure	118	112	172	129	153	173	181	155	177	190
Operating Profit	3	-8	50	-2	-4	4	12	-6	16	0
Interest	13	13	18	12	17	17	17	17	17	18
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-11	-21	32	-15	-21	-14	-6	-23	-2	-18
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-11	-21	32	-15	-21	-14	-6	-23	-2	-18
Adjustments	-0	0	2	0	0	0	1	-0	0	-0
Profit After Adjustments	-11	-21	34	-14	-21	-14	-4	-23	-1	-18
Adjusted Earnings Per Share	-1.6	-3.1	5	-2.1	-3.1	-2	-0.6	-3.4	-0.2	-2.6

Hind Organic Chem Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	239	179	144	177	279	511	331	415	434	631	715
Other Income	12	8	16	6	66	117	21	21	34	13	11
Total Income	251	188	160	183	345	628	353	437	467	644	726
Total Expenditure	390	348	266	331	449	484	390	388	433	632	703
Operating Profit	-139	-160	-106	-148	-104	145	-37	48	34	13	22
Interest	43	53	69	97	78	68	58	54	66	67	69
Depreciation	19	10	10	14	6	3	3	3	1	1	0
Exceptional Income / Expenses	-1	6	0	0	0	0	0	0	0	0	0
Profit Before Tax	-202	-217	-185	-259	-187	73	-98	-8	-32	-55	-49
Provision for Tax	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-202	-217	-185	-259	-187	73	-98	-8	-32	-55	-49
Adjustments	11	2	5	2	0	-1	2	11	-18	2	1
Profit After Adjustments	-191	-215	-180	-258	-187	72	-96	3	-51	-53	-46
Adjusted Earnings Per Share	-28.4	-32.1	-26.8	-38.3	-27.8	10.8	-14.3	0.4	-7.6	-7.9	-6.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	45%	24%	18%	0%
Operating Profit CAGR	-62%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	65%	2%	16%	9%
ROE Average	0%	0%	-10%	-30%
ROCE Average	0%	4%	5%	-14%

Hind Organic Chem Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-353	-580	-764	119	34	111	17	32	-5	-49
Minority's Interest	0	0	0	-15	-17	-19	-21	-32	-34	-37
Borrowings	139	293	294	28	249	246	159	77	0	0
Other Non-Current Liabilities	81	88	85	247	245	231	195	192	192	191
Total Current Liabilities	458	490	612	1437	1147	982	1023	1172	1322	1386
Total Liabilities	325	292	227	1817	1659	1551	1374	1440	1475	1491
Fixed Assets	151	137	125	1689	154	169	174	135	154	164
Other Non-Current Assets	41	13	6	8	4	8	8	6	6	6
Total Current Assets	133	141	95	120	1501	1373	1192	1300	1315	1321
Total Assets	325	292	227	1817	1659	1551	1374	1440	1475	1491

Hind Organic Chem Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	25	25	13	5	5	76	31	24	33	22
Cash Flow from Operating Activities	-13	-116	46	59	-451	-160	-81	-50	10	11
Cash Flow from Investing Activities	11	0	-6	-0	343	112	164	8	11	24
Cash Flow from Financing Activities	3	104	-48	-59	179	3	-90	52	-32	-11
Net Cash Inflow / Outflow	-0	-12	-8	0	72	-45	-8	9	-11	25
Closing Cash & Cash Equivalent	25	13	5	5	76	31	24	33	22	46

Hind Organic Chem Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-28.41	-32.07	-26.82	-38.32	-27.79	10.79	-14.33	0.38	-7.55	-7.93
CEPS(Rs)	-27.27	-30.84	-26.07	-36.47	-26.98	11.39	-14.15	-0.8	-4.64	-8.06
DPS(Rs)	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-92.71	-126.49	-153.95	17.72	5.1	16.48	2.57	-137.19	-144.68	-152.46
Core EBITDA Margin(%)	-56.2	-83.99	-75.9	-86.89	-60.76	5.33	-17.76	6.44	0.19	-0.04
EBIT Margin(%)	-58.93	-81.73	-72.36	-91.41	-39.13	27.69	-12.13	10.92	7.67	1.83
Pre Tax Margin(%)	-75.1	-107.95	-115.33	-146.45	-66.98	14.33	-29.52	-2	-7.45	-8.76
PAT Margin (%)	-75.1	-107.95	-115.33	-146.45	-66.98	14.33	-29.52	-2	-7.45	-8.76
Cash Profit Margin (%)	-68.21	-103.03	-109.14	-138.48	-64.93	14.97	-28.68	-1.3	-7.18	-8.58
ROA(%)	-62.04	-70.4	-71.39	-25.39	-10.76	4.56	-6.69	-0.59	-2.22	-3.73
ROE(%)	0	0	0	0	-243.72	101.04	-152.9	0	0	0
ROCE(%)	0	0	0	-144.06	-15.88	16.35	-4.73	13.04	0	0
Receivable days	16.1	33.42	38.31	18.23	11.17	11.03	19.4	7.09	5.2	8.1
Inventory Days	79.72	108.87	113.78	90.68	73.21	41.31	56.89	45.64	54.7	36.45
Payable days	317.06	429.29	666.21	875.83	463.05	183.81	121.01	49.06	40.73	34.23
PER(x)	0	0	0	0	0	2.13	0	105.2	0	0
Price/Book(x)	-0.13	-0.11	-0.11	1.39	4.54	1.4	3.87	-0.29	-0.19	-0.15
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.56	4.35	5.61	3.37	2.98	1.73	2.22	2.27	1.95	1.21
EV/Core EBITDA(x)	-4.41	-4.86	-7.63	-4.04	-8.04	6.1	-19.68	19.57	24.54	60.05
Net Sales Growth(%)	0	-25	-19.45	22.66	57.61	82.98	-35.14	25.32	4.44	45.6
EBIT Growth(%)	0	-3.83	29.35	-39.47	32.53	229.48	-128.4	212.82	-26.58	-65.23
PAT Growth(%)	0	-7.62	14.75	-40.21	27.92	139.16	-233.58	91.53	-289.97	-71.23
EPS Growth(%)	0	-12.86	16.35	-42.84	27.48	138.83	-232.76	102.63	-2103.37	-5.01
Debt/Equity(x)	-0.81	-0.74	-0.57	3.66	22.88	7.21	44.52	-0.9	-0.84	-0.8
Current Ratio(x)	0.29	0.29	0.16	0.08	1.31	1.4	1.17	1.11	0.99	0.95
Quick Ratio(x)	0.16	0.16	0.09	0.05	1.25	1.34	1.12	1.06	0.94	0.92
Interest Cover(x)	-3.65	-3.12	-1.68	-1.66	-1.41	2.07	-0.7	0.85	0.51	0.17
Total Debt/Mcap(x)	3.58	4.52	3.88	2.64	5.05	5.17	11.58	3.1	4.34	5.42

Hind Organic Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	58.78	58.78	58.78	58.78	58.78	58.78	58.78	58.78	58.78	58.78
FII	0	0	0	0	0	0	0	0	0	0
DII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	41.21	41.21	41.21	41.21	41.21	41.21	41.21	41.21	41.21	41.21
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.95	3.95	3.95	3.95	3.95	3.95	3.95	3.95	3.95	3.95
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77	2.77
Others	0	0	0	0	0	0	0	0	0	0
Total	6.72	6.72	6.72	6.72	6.72	6.72	6.72	6.72	6.72	6.72

Pros

Stock is trading at -0.3 times its book value
Debtor days have improved from 40.73 to 34.23days.
Company is almost debt free.

Cons

Company has a low return on equity of 0% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.