MarketFriction

Hindcon Chemicals Ltd

NSE HINDCON · Specialty Chemicals
₹33.30 -4.99%
NSE close2026-10-01
52 week range15.66 - 37.75
Market cap₹171 Cr.
P/E39.6
ESM Price band 5% Delivery 98.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales19.4613.4414.3412.9112.9615.2715.4414.8815.3214.2320.6021.29
Expenses18.4412.2512.5511.1812.7114.0614.4013.1814.5713.9219.7018.23
Operating Profit1.021.191.791.730.251.211.041.700.750.310.903.06
OPM %5.24%8.85%12.48%13.40%1.93%7.92%6.74%11.42%4.90%2.18%4.37%14.37%
Other Income0.310.290.670.350.740.86-0.050.430.550.560.700.62
Interest0.030.010.020.000.020.010.050.040.100.160.180.11
Depreciation0.070.080.140.190.200.200.230.210.230.280.300.28
Profit before tax1.231.392.301.890.771.860.711.880.970.431.123.29
Tax %30.08%27.34%21.74%30.16%23.38%25.81%22.54%28.19%25.77%44.19%31.25%28.57%
Net Profit0.881.011.801.310.581.370.551.350.720.240.762.34
EPS in Rs0.170.200.350.250.110.270.110.260.140.060.160.48
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales32.3433.8135.2844.4044.0744.2766.6285.5964.5156.5965.0271.44
Expenses30.2430.2030.4940.6540.5539.7161.6380.4257.4152.3561.3666.42
Operating Profit2.103.614.793.753.524.564.995.177.104.243.665.02
OPM %6.49%10.68%13.58%8.45%7.99%10.30%7.49%6.04%11.01%7.49%5.63%7.03%
Other Income0.090.350.980.571.002.151.371.191.681.892.242.43
Interest0.680.670.520.230.090.080.020.050.080.080.480.55
Depreciation0.210.180.140.130.140.180.250.290.350.821.021.09
Profit before tax1.303.115.113.964.296.456.096.028.355.234.405.81
Tax %34.62%32.80%22.31%28.03%33.33%25.89%30.05%27.74%25.39%26.58%30.00%
Net Profit0.852.093.982.822.844.774.264.366.233.833.084.06
EPS in Rs1.122.760.780.550.550.920.830.841.210.740.630.84
Dividend Payout %0.00%0.00%0.00%16.32%24.31%24.32%30.83%0.00%12.41%60.55%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%8%-9%22%
Compounded Profit Growth14%-7%-9%13%
Stock Price CAGR%21%9%6%
Return on Equity11%9%9%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.760.760.8510.247.677.677.677.677.677.677.677.71
Reserves10.6911.5014.2315.4722.4224.6727.7831.4734.6842.2846.3549.39
Borrowings8.925.285.020.820.180.300.991.240.980.000.7710.80
Other Liabilities4.436.305.946.605.956.736.7812.2310.319.628.798.59
Total Liabilities24.8023.8426.0433.1336.2239.3743.2252.6153.6459.5763.5876.49
Fixed Assets0.930.921.111.081.001.131.411.722.576.257.118.73
CWIP0.000.000.000.000.000.000.000.000.390.000.000.00
Investments0.280.660.813.244.324.472.793.212.194.664.763.64
Other Assets23.5922.2624.1228.8130.9033.7739.0247.6848.4948.6651.7164.12
Total Assets24.8023.8426.0433.1336.2239.3743.2252.6153.6459.5763.5876.49
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.213.820.702.44-1.982.124.78-4.445.379.182.75-3.90
Cash from Investing Activity-0.30-0.520.48-1.35-0.270.180.791.880.75-6.49-5.68-4.84
Cash from Financing Activity1.96-4.34-0.872.24-0.78-0.47-0.01-1.70-0.84-1.440.3110.16
Net Cash Flow1.46-1.050.313.33-3.031.835.56-4.265.271.26-2.631.42
Free Cash Flow-0.423.620.332.27-2.031.894.32-4.983.845.540.40-6.52
CFO/OP6%205%48%79%-18%89%136%-45%134%162%106%-91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days199.90204.51199.50189.43159.56164.24158.38144.42111.65125.83139.38126.81
Inventory Days17.8718.3013.0843.6228.9422.9821.7724.2617.3512.0318.1852.19
Days Payable41.2160.5550.9255.5239.0854.3450.6353.6938.7842.5549.0537.42
Cash Conversion Cycle176.57162.27161.66177.53149.42132.88129.53115.0090.2295.32108.51141.58
Working Capital Days193.45169.41128.68169.67189.98198.19159.46152.75114.63128.27148.15141.74
ROCE %10.43%19.92%21.20%14.70%13.98%18.85%15.69%14.34%17.87%9.97%7.85%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.34%68.52%68.52%68.64%68.64%68.64%68.67%68.71%68.71%68.71%68.76%68.81%
FIIs0.00%0.00%0.01%0.00%0.00%0.03%0.03%0.03%0.00%0.00%0.00%0.00%
Public31.66%31.48%31.48%31.36%31.36%31.34%31.30%31.26%31.29%31.29%31.24%31.19%
No. of Shareholders10,93723,79728,12426,74428,95631,33730,70830,13629,66328,91528,21727,577

Fundamentals

Market Cap₹ 171 Cr.
Current Price₹ 33.4
Stock P/E39.6
Book Value₹ 11.2
ROCE7.85 %
ROE5.81 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)13%
Consolidated figures.
Valuation
Market capRs 170 Cr
Enterprise valueRs 162 Cr
P/E (TTM)39.46x
Price to book2.99x
Price to sales2.39x
EV / EBITDA21.79x
EV / EBIT25.52x
EV / sales2.27x
Earnings yield2.53%
P/E, 3-year average32.36x
P/B, 3-year average3.14x
P/E, 5-year average17.51x
P/B, 5-year average1.71x
Profitability
Operating margin (excl. other income)5.63%
Operating margin (incl. other income)9.07%
EBITDA margin10.43%
Pre-tax margin8.13%
Net profit margin6.05%
Net margin, latest quarter11.46%
ROE5.81%
ROCE7.96%
ROA4.61%
ROE, 3-year average8.84%
ROCE, 3-year average12.06%
ROA, 3-year average7.23%
ROE, 5-year average9.69%
ROCE, 5-year average13.32%
ROA, 5-year average7.73%
ROIC (approx.)9.10%
Tax rate30.00%
Other income / net worth3.92%
Growth
Sales growth (latest year)14.90%
Profit growth (latest year)-15.00%
Sales CAGR, 3 years-8.76%
Sales CAGR, 5 years7.99%
Profit CAGR, 3 years-9.24%
Profit CAGR, 5 years-7.35%
Sales growth QoQ3.35%
Profit growth QoQ193.98%
Sales growth YoY (latest quarter)43.08%
Profit growth YoY (latest quarter)80.74%
Per share
EPS (TTM)Rs 0.84
EPS (latest quarter)Rs 0.48
EPS, 3-year averageRs 1.30
EPS, 5-year averageRs 3.44
Book value per shareRs 11.15
Sales per shareRs 13.96
Cash flow per shareRs -0.76
Free cash flow per shareRs -1.27
Dividend per share, 3-year averageRs 0.40
Dividend per share, 5-year averageRs 0.83
Dividends
Dividend payout, 3-year average36.49%
Dividend payout, 5-year average34.57%
Efficiency
Asset turnover0.85x
Fixed asset turnover7.45x
Inventory turnover6.99x
Inventory days52 days
Debtor days127 days
Debtors turnover2.88x
Creditor days37 days
Cash conversion cycle142 days
Working capital days142 days
Leverage
Total debtRs 11 Cr
Cash and bankRs 19 Cr
Net debtRs -8 Cr
Debt to equity0.19x
Net debt / EBITDA-1.09x
Interest coverage11.56x
Owners' fund to total sources74.65%
Debt to assets14.12%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years0.41x
Statement figures
Net sales (TTM)Rs 71 Cr
Net sales (latest year)Rs 65 Cr
Sales (latest quarter)Rs 21 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 47 Cr
Total expenditure (latest year)Rs 61 Cr
Total income (latest year)Rs 67 Cr
Share capitalRs 8 Cr
ReservesRs 49 Cr
Shareholders' fundsRs 57 Cr
Total assetsRs 76 Cr
Net blockRs 9 Cr
InvestmentsRs 4 Cr
ReceivablesRs 23 Cr
InventoryRs 7 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)5.12
Ownership
Promoter holding68.81% (+0.10 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 29.6 is at the 80th percentile of its own 8.6-year range (median 12.3, low 2.7, high 51.5).
P/B 2.24 is at the 73th percentile (median 1.48).
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.
PeriodHINDCONNifty 50Difference
1 week+32.6%-2.8% +35.3 pts
1 month+41.9%-6.8% +48.7 pts
3 months+53.9%-7.6% +61.5 pts
6 months+98.8%+0.4% +98.4 pts
1 year+3.9%-9.9% +13.8 pts
2 years-33.6%-13.6% -20.0 pts
3 years+27.6%+14.2% +13.5 pts
5 years+163.7%+27.9% +135.8 pts

Red flags

F-score 2 of 8
explainDebt up, profit down Borrowings up 1303% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 239% vs sales +15% in 2026
lookProfit leans on other income Other income was 51% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23Hindcon Solutions Privat Ltd.Promoter groupbuy1,146SAST Open Market
2026-09-23Hindcon Solutions Privat LtdPromoter groupbuy15,000SAST Open Market
2026-09-18SANJAY GOENKAPromoter groupbuy2,000SAST Open Market
2026-09-18HINDCON SOLUTIONS PRIVATE LIMITED.Promoter groupbuy1,025SAST Open Market
2026-09-18HINDCON SOLUTIONS PRIVATE LIMITEDPromoter groupbuy27,000SAST Open Market
2026-09-18NILIMA GOENKAPromoter groupbuy1,000SAST Open Market
2026-09-18VANSH GOENKAPromoter groupbuy2,000SAST Open Market
2026-09-16Sanjay GoenkaPromoter groupbuy5,000SAST Open Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹21 Cr +43.1% vs Jun 2025. Net profit ₹2 Cr +73.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-08-13Annual General Meeting/Dividend - Re 0.10 Per Share
2023-11-10Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2023-09-01Interim Dividend - Re 0.50 Per Share
2023-08-18Annual General Meeting
2022-08-18Annual General Meetin/Dividend - Rs 0.70 Per Share
2021-08-26 Interim Dividend - Re 1 Per Share
2021-08-26 Annual General Meeting/Dividend - Rs 1.50 Per Share
DateTypeWhat it says
2026-08-20Shareholder meetingOutcome and a copy Srutinizers report of Annual General Meeting held on August 20, 2026. Further, the company has informed the Exchange regarding voti...
2026-08-20Shareholder meetingProceedings of Annual General Meeting held on August 20, 2026.
2026-08-12Board meeting outcomeHindcon Chemicals Limited has submitted to the Exchange, the Un-Audited Financial Results for the quarter ended Jun 30, 2026.
2026-07-28General UpdatesCompletion of Despatch of AGM Notice and Annual Report to the members of the Company.
2026-07-27Shareholder meetingNotice of Annual General Meeting to be held on August 20, 2026
2026-07-27UpdatesIntimation of Book Closure pursuant to Regulation 42 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Reg...
2026-07-27UpdatesAnnual Report of the Company for the FY 2025-26.
2026-06-17Disclosure under SEBI TakeovHindcon Chemicals Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-05-14Board meeting outcomeHindcon Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-10Price movementSignificant movement in price has been observed in Hindcon Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-04-09Price movementSignificant movement in price has been observed in Hindcon Chemicals Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-04-04General UpdatesAnnual Disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011 as on 31.03.2026
2026-04-04General UpdatesDisclosure by Larger Entities (LC) as on 31.03.2026.
2026-02-02Board meeting outcomeHindcon Chemicals Limited has submitted to the Exchange, the financial results for the quarter and nine months ended December 31, 2025.
2026-02-02Board meeting outcomeBoard meeting held on February 02, 2026 for approval of Un-Audited Financial Results for the quarter and nine months ended 31st December, 2025.
2025-11-14Board meeting outcomeHindcon Chemicals Limited has submitted to the Exchange, the Un-audited financial results for the Quarter and half year ended September 30, 2025.
2025-11-14Board meeting outcomeThe Outcome of Board meeting held on November 14, 2025.
2025-10-07Board meeting outcomeThe outcome of Board meeting held on October 07, 2025.
2025-10-07Board meeting outcomeOutcome of Board Meeting held on October 07, 2025.
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.
Order dateForumCase
2020-10-12NCLTHindcon Chemicals Ltd. Vs Simplex Infrastructures Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03