Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5.37 | 0.38 | 6.91 | 0.31 | 0.96 | 0.00 | 7.53 | 1.24 | 0.00 | 0.00 | 6.84 | 0.00 |
| Operating costs | 7.92 | 1.43 | 6.97 | 0.51 | 1.29 | 0.19 | 6.91 | 1.47 | 0.24 | 0.19 | 7.50 | 0.18 |
| EBITDA | -2.55 | -1.05 | -0.06 | -0.20 | -0.33 | -0.19 | 0.62 | -0.23 | -0.24 | -0.19 | -0.66 | -0.18 |
| EBITDA margin % | -47.49% | -276.32% | -0.87% | -64.52% | -34.38% | 8.23% | -18.55% | -9.65% | ||||
| Depreciation & amortisation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Finance costs | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-operating income | 1.83 | 0.00 | 10.25 | 0.00 | 0.01 | 0.48 | 0.47 | 0.77 | 0.02 | 0.01 | -0.01 | 0.01 |
| Pre-tax profit | -0.73 | -1.05 | 10.19 | -0.20 | -0.32 | 0.29 | 1.09 | 0.54 | -0.22 | -0.18 | -0.67 | -0.17 |
| Effective tax rate % | 0.00% | 0.00% | -21.30% | 0.00% | 0.00% | 0.00% | 29.36% | 0.00% | 0.00% | 0.00% | -17.91% | 0.00% |
| Profit after tax | -0.73 | -1.05 | 12.35 | -0.20 | -0.32 | 0.29 | 0.77 | 0.54 | -0.22 | -0.18 | -0.56 | -0.17 |
| Earnings per share (Rs) | -0.55 | -0.80 | 9.36 | -0.15 | -0.24 | 0.22 | 0.58 | 0.41 | -0.17 | -0.14 | -0.42 | -0.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 435.17 | 249.60 | 125.76 | 37.04 | 1.35 | 0.10 | 65.83 | 205.05 | 37.12 | 8.80 | 8.08 | 6.84 |
| Operating costs | 426.17 | 245.55 | 141.66 | 51.50 | 21.04 | 19.64 | 50.21 | 195.07 | 52.54 | 8.89 | 9.42 | 8.11 |
| EBITDA | 9.00 | 4.05 | -15.90 | -14.46 | -19.69 | -19.54 | 15.62 | 9.98 | -15.42 | -0.09 | -1.34 | -1.27 |
| EBITDA margin % | 2.07% | 1.62% | -12.64% | -39.04% | -1,458.52% | -19,540.00% | 23.73% | 4.87% | -41.54% | -1.02% | -16.58% | -18.57% |
| Depreciation & amortisation | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Finance costs | 10.77 | 10.27 | 9.46 | 2.36 | 0.24 | 0.47 | 0.27 | 0.13 | 0.01 | 0.00 | 0.00 | 0.00 |
| Non-operating income | 3.57 | 4.77 | 8.19 | 0.47 | 13.71 | 13.49 | 12.86 | 1.13 | 12.18 | 0.96 | 0.80 | 0.03 |
| Pre-tax profit | 1.79 | -1.47 | -17.19 | -16.37 | -6.24 | -6.54 | 28.20 | 10.97 | -3.26 | 0.86 | -0.54 | -1.24 |
| Effective tax rate % | 27.93% | -32.65% | -31.06% | -25.96% | -22.92% | -22.94% | 30.78% | 32.73% | -66.56% | 37.21% | -22.22% | |
| Profit after tax | 1.29 | -0.99 | -11.85 | -12.12 | -4.81 | -5.04 | 19.52 | 7.38 | -1.09 | 0.54 | -0.43 | -1.13 |
| Earnings per share (Rs) | 0.98 | -0.75 | -8.98 | -9.18 | -3.64 | -3.82 | 14.79 | 5.59 | -0.83 | 0.41 | -0.33 | -0.86 |
| Paid out as dividend % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | -33% | 141% | -66% | -30% | ||
| Profit CAGR | % | 14% | % | -188% | ||
| Share price CAGR | 0% | 23% | -35% | -58% | ||
| Average return on equity | -5% | 24% | -1% | -2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net block (property, plant) | 0.04 | 0.06 | 0.20 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.10 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.86 | 0.09 | 0.12 | 0.17 | 0.17 | 0.24 | 0.27 | 0.30 | 0.35 | 0.40 | 0.18 | 0.00 |
| Current & other assets | 230.99 | 217.52 | 154.57 | 129.47 | 100.87 | 74.25 | 63.54 | 72.00 | 70.16 | 54.73 | 55.28 | 47.08 |
| Total assets | 231.89 | 217.67 | 154.89 | 129.82 | 101.21 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
| Share capital | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 | 13.20 |
| Reserves & surplus | 19.93 | 21.22 | 20.23 | 8.38 | -3.74 | -8.55 | -13.59 | 5.93 | 13.31 | 12.22 | 12.76 | 10.58 |
| Total debt | 35.49 | 18.40 | 36.10 | 32.55 | 41.01 | 32.59 | 21.59 | 3.39 | 3.39 | 1.86 | 1.71 | 1.71 |
| Other liabilities & provisions | 163.27 | 164.85 | 85.36 | 75.69 | 50.74 | 37.40 | 42.75 | 49.91 | 40.73 | 27.96 | 27.90 | 21.69 |
| Equity + liabilities | 231.89 | 217.67 | 154.89 | 129.82 | 101.21 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 26.30 | 19.19 | -12.48 | 8.44 | -16.21 | 9.36 | 11.28 | 15.91 | -0.18 | 0.84 | 0.41 | 8.16 |
| Investing cash flow | -4.54 | 3.36 | -4.60 | 3.51 | 10.06 | -0.49 | 0.17 | 1.95 | -0.09 | 0.63 | 0.22 | -0.62 |
| Free cash flow (after capex) | 26.26 | 19.16 | -12.55 | 8.44 | -16.21 | 9.36 | 11.28 | 15.90 | -0.18 | 0.84 | 0.41 | 8.16 |
| Financing cash flow | -41.88 | -26.50 | 16.67 | -12.02 | 6.45 | -8.53 | -11.24 | -21.80 | 0.00 | -1.53 | -0.15 | -8.00 |
| Net change in cash | -20.11 | -3.94 | -0.40 | -0.08 | 0.30 | 0.34 | 0.20 | -3.94 | -0.27 | -0.06 | 0.48 | -0.45 |
| Cash conversion (OCF / EBITDA) % | 188% | 213% | -308% | -53% | 112% | -48% | -58% | 102% | -2% | -6% | -489% | -609% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on capital employed % | 19.37% | 20.69% | 14.38% | -12.50% | -26.79% | -13.68% | -20.77% | 130.24% | 42.35% | -11.37% | 3.13% | -2.03% |
| Receivable days | 98.14 | 130.55 | 132.22 | 186.74 | 491.53 | 7,878.59 | 84,753.00 | 206.48 | 70.81 | 184.27 | 1,064.72 | 1,155.98 |
| Inventory days | 18.45 | 21.44 | 34.66 | 75.93 | 151.25 | 4,672.00 | 2,555.00 | 145.41 | 33.06 | 165.90 | 1,166.40 | 429.36 |
| Payable days | 92.65 | 140.30 | 112.49 | 177.06 | 386.13 | 8,423.57 | 5,143.72 | 273.73 | 48.92 | 150.30 | 1,310.53 | 847.92 |
| Cash cycle (days) | 23.94 | 11.70 | 54.40 | 85.60 | 256.65 | 4,127.03 | 82,164.28 | 78.16 | 54.96 | 199.87 | 920.59 | 737.42 |
| Working capital days | 13.01 | 22.93 | 13.26 | -4.99 | -158.75 | -3,568.89 | -41,391.00 | 117.10 | 50.36 | 240.22 | 1,129.43 | 759.81 |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 63.66% | 63.66% | 67.23% | 63.66% | 63.66% | 63.66% | 63.66% | 63.65% | 63.65% | 63.65% | 63.65% | 63.65% |
| Retail & others % | 36.34% | 36.34% | 32.76% | 36.35% | 36.34% | 36.35% | 36.35% | 36.35% | 36.35% | 36.35% | 36.34% | 36.34% |
| Shareholder count | 5,351 | 5,216 | 5,450 | 5,295 | 5,097 | 5,050 | 5,013 | 4,952 | 4,893 | 4,797 | 4,755 | 4,697 |
Fundamentals
Market value₹ 12.7 Cr.
Last price₹ 9.60
Book value / share₹ 17.9
Return on capital-2.03 %
Return on equity-1.73 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)-30%
Profit CAGR (TTM)-188%
Standalone figures.
Valuation
Market capRs 12 Cr
Enterprise valueRs 13 Cr
Price to book0.52x
Price to sales1.53x
EV / sales1.63x
Price to cash flow1.51x
Earnings yield-9.16%
P/E, 3-year average62.33x
P/B, 3-year average1.15x
P/E, 5-year average24.12x
P/B, 5-year average1.51x
Profitability
Operating margin (excl. other income)-16.58%
Operating margin (incl. other income)-6.68%
EBITDA margin-15.35%
Pre-tax margin-15.35%
Net profit margin-13.99%
ROE-1.73%
ROCE-2.03%
ROA-0.84%
ROE, 3-year average-1.27%
ROCE, 3-year average-3.42%
ROA, 3-year average-0.53%
ROE, 5-year average47.37%
ROCE, 5-year average32.46%
ROA, 5-year average7.47%
ROIC (approx.)-3.93%
Tax rate22.22%
Other income / net worth3.36%
Growth
Sales growth (latest year)-8.18%
Profit growth (latest year)-179.63%
Sales CAGR, 3 years-65.97%
Sales CAGR, 5 years140.70%
Profit growth YoY (latest quarter)-131.48%
Per share
EPS (TTM)Rs -0.86
EPS (latest year)Rs -0.33
EPS (latest quarter)Rs -0.13
EPS, 3-year averageRs -0.25
EPS, 5-year averageRs 3.93
Book value per shareRs 18.02
Sales per shareRs 6.12
Cash flow per shareRs 6.18
Efficiency
Asset turnover0.17x
Fixed asset turnover80.80x
Inventory turnover0.85x
Inventory days429 days
Debtor days1156 days
Debtors turnover0.32x
Leverage
Total debtRs 2 Cr
Cash and bankRs 1 Cr
Net debtRs 1 Cr
Debt to equity0.07x
Owners' fund to total sources50.40%
Debt to assets3.62%
Cash flow
Operating cash flow (latest year)Rs 8 Cr
Investing cash flow (latest year)Rs -1 Cr
Financing cash flow (latest year)Rs -8 Cr
Net change in cash (latest year)Rs -0 Cr
Sales to cash flow0.99x
Statement figures
Net sales (TTM)Rs 8 Cr
Net sales (latest year)Rs 8 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs -0 Cr
Cost of goods sold (latest year)Rs 8 Cr
Total expenditure (latest year)Rs 9 Cr
Total income (latest year)Rs 9 Cr
Share capitalRs 13 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 24 Cr
Total assetsRs 47 Cr
Net blockRs 0 Cr
ReceivablesRs 26 Cr
InventoryRs 10 Cr
Other liabilitiesRs 22 Cr
Shares outstanding (crore)1.32
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.52 is at the 18th percentile (median 1.30).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531178 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.5% | -2.8% | +0.3 pts |
| 1 month | +0.3% | -6.8% | +7.1 pts |
| 3 months | -32.7% | -7.6% | -25.1 pts |
| 3 years | -73.8% | +14.2% | -87.9 pts |
| 5 years | +172.6% | +27.9% | +144.7 pts |
Red flags
F-score 4 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹0 Cr -100.0% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Hemang Resources Ltd?
Hemang Resources Ltd (531178) has a market capitalisation of Rs 12.7 Cr. at the 2026-10-01 close.
What were Hemang Resources Ltd's latest quarterly results?
In the Jun 2026 quarter, Hemang Resources Ltd sales was Rs 0 Cr (-100.0% vs Jun 2025) with a net loss of Rs 0 Cr.