Hindcon Chemicals

₹52.3 0 | 0%

WEBSITE BSE:0 NSE : 17 May, 00:00

Market Cap ₹267 Cr.

Stock P/E 32.4

P/B 5.2

Current Price ₹52.3

Book Value ₹ 10

Face Value 2

52W High ₹69.7

Dividend Yield 0.19%

52W Low ₹ 17.3

Edit Ratio

Hindcon Chemicals Research see more...

Overview Inc. Year: 1998Industry: Chemicals

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.

Hindcon Chemicals Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Hindcon Chemicals Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	17	22	21	19	27	19	17	19	13	14
Other Income	0	0	0	0	0	0	0	0	0	1
Total Income	17	22	21	19	27	20	18	20	14	15
Total Expenditure	15	20	20	18	25	18	14	18	12	13
Operating Profit	2	2	2	1	2	2	4	1	1	2
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	2	2	1	1	2	2	3	1	1	2
Provision for Tax	1	0	0	0	1	0	1	0	0	0
Profit After Tax	1	1	1	1	1	1	3	1	1	2
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	1	1	1	1	1	1	3	1	1	2
Adjusted Earnings Per Share	0.3	0.3	0.3	0.1	0.4	0.1	0.7	0.2	0.3	0.5

Hindcon Chemicals Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	31	31	33	32	34	35	45	44	44	67	86	63
Other Income	0	0	2	2	0	2	1	1	2	1	1	1
Total Income	31	31	35	33	34	37	45	45	46	68	87	67
Total Expenditure	30	30	33	31	30	31	41	41	40	62	80	57
Operating Profit	1	1	2	2	4	6	4	5	7	6	6	8
Interest	0	1	1	1	1	1	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	1	1	1	3	6	4	4	6	6	6	7
Provision for Tax	0	0	0	0	1	1	1	1	2	2	2	1
Profit After Tax	0	0	0	1	2	5	3	3	5	4	4	7
Adjustments	-0	-0	0	0	-0	-0	-0	-0	-0	-0	-0	0
Profit After Adjustments	0	0	0	1	2	5	3	3	5	4	4	7
Adjusted Earnings Per Share	0.1	0.2	0.2	0.4	1	1.2	0.7	0.7	1.2	1.1	1.1	1.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	25%	20%	11%
Operating Profit CAGR	0%	6%	0%	20%
PAT CAGR	0%	10%	-4%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	195%	109%	67%	NA%
ROE Average	11%	12%	11%	10%
ROCE Average	15%	16%	16%	14%

Hindcon Chemicals Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	11	11	11	12	15	27	30	32	35	39	42
Minority's Interest	0	0	0	0	0	0	0	0	-0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	-0	-0	-0	-0	-0	0	-1	-0	-0
Total Current Liabilities	10	9	13	11	11	8	6	7	8	13	10
Total Liabilities	21	20	25	24	26	35	36	39	43	52	53
Fixed Assets	1	1	1	1	1	1	1	1	1	2	3
Other Non-Current Assets	0	0	0	1	1	4	5	5	4	4	3
Total Current Assets	20	19	23	22	24	30	30	34	37	46	48
Total Assets	21	20	25	24	26	35	36	39	43	52	53

Hindcon Chemicals Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	2	1	1	4	1	1	6	2
Cash Flow from Operating Activities	-2	-0	-0	4	1	2	-2	2	5	-4	5
Cash Flow from Investing Activities	-0	-0	-0	-1	0	-1	-0	0	1	2	1
Cash Flow from Financing Activities	3	1	2	-4	-1	2	-1	-0	-0	-2	-1
Net Cash Inflow / Outflow	-0	-0	1	-1	0	3	-3	2	6	-4	5
Closing Cash & Cash Equivalent	0	0	2	1	1	4	1	3	6	2	8

Hindcon Chemicals Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.14	0.18	0.18	0.45	0.97	1.21	0.74	0.74	1.23	1.1	1.08
CEPS(Rs)	0.23	0.26	0.32	0.56	1.07	1.26	0.78	0.78	1.29	1.18	1.21
DPS(Rs)	0	0	0	0	0	0	0.12	0.18	0.3	0.34	0
Book NAV/Share(Rs)	5.65	5.84	6.03	6.47	7.06	7.1	7.84	8.43	9.24	10.2	11.04
Core EBITDA Margin(%)	2.56	3.88	-1.14	0.86	9.82	13.14	8.39	7.75	10.32	7.46	6.05
EBIT Margin(%)	2.47	3.57	3.8	5.95	10.28	17.55	9.4	9.9	14.76	9.18	7.1
Pre Tax Margin(%)	1.22	1.5	1.42	3.76	8.46	16.09	8.88	9.7	14.57	9.14	7.04
PAT Margin (%)	0.82	1.03	0.96	2.47	5.7	12.9	6.39	6.46	10.78	6.4	5.09
Cash Profit Margin (%)	1.29	1.45	1.7	3.09	6.19	13.3	6.69	6.78	11.2	6.78	5.42
ROA(%)	1.32	1.68	1.52	3.49	8.43	15.38	8.04	7.59	11.63	8.98	8.28
ROE(%)	2.59	3.18	3.04	7.13	15.32	22.07	9.92	9.16	14.08	11.43	10.69
ROCE(%)	5.25	7.22	7.22	10.76	20.08	26.37	14.34	13.94	18.92	15.92	14.51
Receivable days	186.68	183.48	175.89	192.09	181.56	185.51	154.62	161.73	160.92	124.82	112.02
Inventory Days	18.62	17.54	14.36	13.21	10.01	18.69	22.84	19.86	17.06	15.35	14.7
Payable days	58.37	42.59	33.45	56.18	55.62	52.7	38.97	47.09	52.05	42.86	40.02
PER(x)	0	0	0	0	0	4.45	6.04	2.97	3.97	12.63	14.72
Price/Book(x)	0	0	0	0	0	0.76	0.57	0.26	0.53	1.36	1.43
Dividend Yield(%)	0	0	0	0	0	0	2.7	8.18	6.16	2.44	0
EV/Net Sales(x)	0.19	0.22	0.24	0.17	0.14	0.49	0.36	0.13	0.21	0.74	0.6
EV/Core EBITDA(x)	5.82	5.04	4.91	2.39	1.24	2.64	3.68	1.24	1.39	7.73	8.07
Net Sales Growth(%)	0	0.36	6.68	-4.32	7.68	3.97	26.15	-0.55	-0.02	50.48	28.48
EBIT Growth(%)	0	43.51	13.31	49.95	85.35	67.91	-34.12	4.77	49.06	-6.43	-0.66
PAT Growth(%)	0	24.9	-1.42	147.54	147.62	122.66	-39.08	0.53	66.88	-10.69	2.18
EPS Growth(%)	0	25	0.26	147.46	117.73	24.55	-39.21	0.81	65.38	-10.07	-2.41
Debt/Equity(x)	0.48	0.56	0.78	0.43	0.33	0.03	0.01	0.01	0.03	0.03	0.02
Current Ratio(x)	1.96	2.1	1.77	1.94	2.2	3.95	5.16	5.09	4.81	3.56	4.56
Quick Ratio(x)	1.79	1.93	1.67	1.84	2.12	3.7	4.69	4.82	4.55	3.29	4.24
Interest Cover(x)	1.97	1.72	1.6	2.72	5.65	12.09	18.06	49.09	77.78	272.92	120.74
Total Debt/Mcap(x)	0	0	0	0	0	0.03	0.01	0.03	0.04	0.02	0.01

Hindcon Chemicals Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	68.08	68.08	68.08	68.08	68.12	68.16	68.16	68.34	68.52	68.52
FII	0	0	0	0	0	0	0	0	0	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	31.92	31.92	31.92	31.92	31.88	31.84	31.84	31.66	31.48	31.48
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	0.7	0.7	0.7	0.7	0.7	0.7	0.7	0.7	3.51	3.51
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.32	1.61	1.61
Others	0	0	0	0	0	0	0	0	0	0
Total	1.02	1.02	1.02	1.02	1.02	1.02	1.02	1.02	5.12	5.12

Pros

Debtor days have improved from 42.86 to 40.02days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 5.2 times its book value.
The company has delivered a poor profit growth of -4% over past five 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.