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Hindcon Chemicals Ltd manufactures and sells sodium silicates, cement components, and construction chemicals in India and the world over. The company's products portfolio includes coating and impregnation products, concrete and mortar admixtures, epoxy grouts and mortars, enlargement and contraction joint structures, floorings, foundry aids, green products for building projects, grouts and repairing mortars, protective and waterproofing coatings, remover cleaning compounds, sealants, shotcrete aids, tile adhesives, waterproofing compounds, conc...Read More
Hindcon Chemicals Ltd manufactures and sells sodium silicates, cement components, and construction chemicals in India and the world over. The company's products portfolio includes coating and impregnation products, concrete and mortar admixtures, epoxy grouts and mortars, enlargement and contraction joint structures, floorings, foundry aids, green products for building projects, grouts and repairing mortars, protective and waterproofing coatings, remover cleaning compounds, sealants, shotcrete aids, tile adhesives, waterproofing compounds, concreting aids, and sodium silicates. It additionally offers various offerings, which include waterproofing and repair, and restore and retrofitting of distressed systems. The company was previously known as Hind Silicates Pvt Ltd. Hindcon Chemicals Ltd was established in 1947 and is based in Kolkata, India. ...Read Less
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Market Cap ₹119 Cr.
Stock P/E 31
P/B 2
Current Price ₹23.2
Book Value ₹ 11.5
Face Value 2
52W High ₹40.2
Dividend Yield 0%
52W Low ₹ 15.7
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 19 | 13 | 14 | 13 | 13 | 15 | 15 | 15 | 15 | 14 |
| Other Income | 0 | 0 | 1 | 0 | 1 | 1 | -0 | 0 | 1 | 1 |
| Total Income | 20 | 14 | 15 | 13 | 14 | 16 | 15 | 15 | 16 | 15 |
| Total Expenditure | 18 | 12 | 13 | 11 | 13 | 14 | 14 | 13 | 15 | 14 |
| Operating Profit | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 2 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 2 | 1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Profit After Tax | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.3 | 0.5 | 0.3 | 0.2 | 0.4 | 0.1 | 0.4 | 0.2 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 33 | 32 | 34 | 35 | 45 | 44 | 44 | 67 | 86 | 65 | 57 | 59 |
| Other Income | 2 | 2 | 0 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 2 | 2 |
| Total Income | 35 | 33 | 34 | 37 | 45 | 45 | 46 | 68 | 87 | 66 | 58 | 61 |
| Total Expenditure | 33 | 31 | 30 | 31 | 41 | 41 | 40 | 62 | 80 | 57 | 52 | 56 |
| Operating Profit | 2 | 2 | 4 | 6 | 4 | 5 | 7 | 6 | 6 | 9 | 6 | 5 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 3 | 6 | 4 | 4 | 6 | 6 | 6 | 8 | 5 | 4 |
| Provision for Tax | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 1 | 1 |
| Profit After Tax | 0 | 1 | 2 | 5 | 3 | 3 | 5 | 4 | 4 | 6 | 4 | 3 |
| Adjustments | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Profit After Adjustments | 0 | 1 | 2 | 5 | 3 | 3 | 5 | 4 | 4 | 6 | 4 | 3 |
| Adjusted Earnings Per Share | 0.2 | 0.4 | 1 | 1.2 | 0.7 | 0.7 | 1.2 | 1.1 | 1.1 | 1.6 | 1 | 0.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -12% | -5% | 5% | 6% |
| Operating Profit CAGR | -33% | 0% | 4% | 12% |
| PAT CAGR | -33% | 0% | 6% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -32% | 8% | 39% | NA% |
| ROE Average | 7% | 11% | 11% | 11% |
| ROCE Average | 10% | 14% | 16% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 11 | 12 | 15 | 27 | 30 | 32 | 35 | 39 | 42 | 50 | 54 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | 1 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -0 | 0 | -1 | -0 | -0 | -0 | 0 |
| Total Current Liabilities | 13 | 11 | 11 | 8 | 6 | 7 | 8 | 13 | 10 | 9 | 8 |
| Total Liabilities | 25 | 24 | 26 | 35 | 36 | 39 | 43 | 52 | 53 | 59 | 63 |
| Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 6 | 7 |
| Other Non-Current Assets | 0 | 1 | 1 | 4 | 5 | 5 | 4 | 4 | 3 | 10 | 11 |
| Total Current Assets | 23 | 22 | 24 | 30 | 30 | 34 | 37 | 46 | 48 | 43 | 45 |
| Total Assets | 25 | 24 | 26 | 35 | 36 | 39 | 43 | 52 | 53 | 59 | 63 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 2 | 1 | 1 | 4 | 1 | 1 | 6 | 2 | 8 | 9 |
| Cash Flow from Operating Activities | -0 | 4 | 1 | 2 | -2 | 2 | 5 | -4 | 5 | 9 | 3 |
| Cash Flow from Investing Activities | -0 | -1 | 0 | -1 | -0 | 0 | 1 | 2 | 1 | -6 | -6 |
| Cash Flow from Financing Activities | 2 | -4 | -1 | 2 | -1 | -0 | -0 | -2 | -1 | -1 | 0 |
| Net Cash Inflow / Outflow | 1 | -1 | 0 | 3 | -3 | 2 | 6 | -4 | 5 | 1 | -3 |
| Closing Cash & Cash Equivalent | 2 | 1 | 1 | 4 | 1 | 3 | 6 | 2 | 8 | 9 | 6 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.18 | 0.45 | 0.97 | 1.21 | 0.74 | 0.74 | 1.23 | 1.1 | 1.13 | 1.61 | 0.99 |
| CEPS(Rs) | 0.32 | 0.56 | 1.07 | 1.26 | 0.78 | 0.78 | 1.29 | 1.18 | 1.21 | 1.72 | 1.21 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0.12 | 0.18 | 0.3 | 0.34 | 0 | 0.2 | 0 |
| Book NAV/Share(Rs) | 6.03 | 6.47 | 7.06 | 7.1 | 7.84 | 8.43 | 9.24 | 10.2 | 11.04 | 13.02 | 14.08 |
| Core EBITDA Margin(%) | -1.14 | 0.86 | 9.82 | 13.14 | 8.39 | 7.75 | 10.32 | 7.46 | 6.05 | 11 | 7.48 |
| EBIT Margin(%) | 3.8 | 5.95 | 10.28 | 17.55 | 9.4 | 9.9 | 14.76 | 9.18 | 7.1 | 13.06 | 9.37 |
| Pre Tax Margin(%) | 1.42 | 3.76 | 8.46 | 16.09 | 8.88 | 9.7 | 14.57 | 9.14 | 7.04 | 12.95 | 9.24 |
| PAT Margin (%) | 0.96 | 2.47 | 5.7 | 12.9 | 6.39 | 6.46 | 10.78 | 6.4 | 5.09 | 9.66 | 6.77 |
| Cash Profit Margin (%) | 1.7 | 3.09 | 6.19 | 13.3 | 6.69 | 6.78 | 11.2 | 6.78 | 5.42 | 10.21 | 8.22 |
| ROA(%) | 1.52 | 3.49 | 8.43 | 15.38 | 8.04 | 7.59 | 11.63 | 8.98 | 8.28 | 11.13 | 6.27 |
| ROE(%) | 3.04 | 7.13 | 15.32 | 22.07 | 9.92 | 9.16 | 14.08 | 11.43 | 10.69 | 13.5 | 7.37 |
| ROCE(%) | 7.22 | 10.76 | 20.08 | 26.37 | 14.34 | 13.94 | 18.92 | 15.92 | 14.51 | 18.07 | 10.13 |
| Receivable days | 175.89 | 192.09 | 181.56 | 185.51 | 154.62 | 161.73 | 160.92 | 124.82 | 112.02 | 136.98 | 141.44 |
| Inventory Days | 14.36 | 13.21 | 10.01 | 18.69 | 22.84 | 19.86 | 17.06 | 15.35 | 14.7 | 13.73 | 11.37 |
| Payable days | 33.45 | 56.18 | 55.62 | 52.7 | 38.97 | 47.09 | 52.05 | 42.86 | 40.02 | 50.43 | 49.23 |
| PER(x) | 0 | 0 | 0 | 4.45 | 6.04 | 2.97 | 3.97 | 12.63 | 14.06 | 32.31 | 32.4 |
| Price/Book(x) | 0 | 0 | 0 | 0.76 | 0.57 | 0.26 | 0.53 | 1.36 | 1.43 | 4 | 2.28 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 2.7 | 8.18 | 6.16 | 2.44 | 0 | 0.38 | 0 |
| EV/Net Sales(x) | 0.24 | 0.17 | 0.14 | 0.49 | 0.36 | 0.13 | 0.21 | 0.74 | 0.6 | 2.91 | 1.94 |
| EV/Core EBITDA(x) | 4.91 | 2.39 | 1.24 | 2.64 | 3.68 | 1.24 | 1.39 | 7.73 | 8.07 | 21.4 | 17.95 |
| Net Sales Growth(%) | 6.68 | -4.32 | 7.68 | 3.97 | 26.15 | -0.55 | -0.02 | 50.48 | 28.48 | -24.63 | -12.28 |
| EBIT Growth(%) | 13.31 | 49.95 | 85.35 | 67.91 | -34.12 | 4.77 | 49.06 | -6.43 | -0.66 | 38.75 | -37.06 |
| PAT Growth(%) | -1.42 | 147.54 | 147.62 | 122.66 | -39.08 | 0.53 | 66.88 | -10.69 | 2.18 | 43.07 | -38.54 |
| EPS Growth(%) | 0.26 | 147.46 | 117.73 | 24.55 | -39.21 | 0.81 | 65.38 | -10.07 | 2.16 | 43.1 | -38.51 |
| Debt/Equity(x) | 0.78 | 0.43 | 0.33 | 0.03 | 0.01 | 0.01 | 0.03 | 0.03 | 0.02 | 0 | 0.01 |
| Current Ratio(x) | 1.77 | 1.94 | 2.2 | 3.95 | 5.16 | 5.09 | 4.81 | 3.56 | 4.56 | 4.95 | 5.36 |
| Quick Ratio(x) | 1.67 | 1.84 | 2.12 | 3.7 | 4.69 | 4.82 | 4.55 | 3.29 | 4.24 | 4.77 | 5.13 |
| Interest Cover(x) | 1.6 | 2.72 | 5.65 | 12.09 | 18.06 | 49.09 | 77.78 | 272.92 | 120.74 | 111.46 | 68.7 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0.03 | 0.01 | 0.03 | 0.04 | 0.02 | 0.01 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.52 | 68.52 | 68.64 | 68.64 | 68.64 | 68.67 | 68.71 | 68.71 | 68.71 | 68.76 |
| FII | 0 | 0.01 | 0 | 0 | 0.03 | 0.03 | 0.03 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 31.48 | 31.48 | 31.36 | 31.36 | 31.34 | 31.3 | 31.26 | 31.29 | 31.29 | 31.24 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.51 | 3.51 | 3.51 | 3.51 | 3.51 | 3.52 | 3.52 | 3.52 | 3.52 | 3.52 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.61 | 1.61 | 1.61 | 1.61 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 | 5.12 |
* The pros and cons are machine generated.
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