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Hindustan Organic Chemicals Ltd (HOCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500449 NSE: HOCL Chemicals | Small Cap | Hind Organic Chem Share Price

₹36.56 -0.31 (-0.84%)

As on 15-Sep'26 09:23

Hindustan Organic Chemicals Ltd (HOCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500449 NSE: HOCL Chemicals | Small Cap | Hind Organic Chem Share Price

₹36.56 -0.31 (-0.84%)

As on 15-Sep'26 09:23

Key Metrics
Valuation Multiples
Market Cap
₹248 Cr.
Current Price
₹36.6
52-Week Low / High
₹21 / 47
TTM EPS
₹-0.4
TTM Sales
₹506 Cr.
Book Value per Share
₹8.2
P/E Ratio
0.00
Industry PE
49.5
Price to Book (P/B)
4.52
Higher than its 5-year historical median
Price to Sales (P/S)
0.49
Higher than its 5-year historical median
EV/EBITDA
14.78
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
1204.99%
Outperforms industry median
Return on Assets (ROA)
24.96%
Operating Profit Margin
-16.1%
Net Profit Margin
73.07%
Gross Profit Margin
-19.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-23.87%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
58.78%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-12 Cr.
Equity
₹67.2 Cr.
Face Value
₹10
All Time Low / High
₹4.75 / 107.70

Hindustan Organic Chemicals stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Hindustan Organic Chemicals Ltd a good quality company?
Hindustan Organic Chemicals Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hindustan Organic Chemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hindustan Organic Chemicals Ltd vs industry peers?
Hindustan Organic Chemicals Ltd revenue CAGR is 10.09%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hindustan Organic Chemicals Ltd?
Promoters hold 58.78% of the Hindustan Organic Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hindustan Organic Chemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindustan Organic Chemicals Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%-108.3%-18.3%15.8%-4.6%21.6%0%0%0%1,936.1%-
Value Creation
Index
NA-8.7-2.30.1-1.30.5NANANA137.3-

Growth Parameters

Sales 109143242472300412434631704536506
Sales YoY Gr.-31.3%69.1%94.8%-36.4%37.2%5.4%45.6%11.5%-23.9%-
Adj EPS -25.7-37.7-30.87-14.22.4-3.9-7.4-8.15.9-0.4
YoY Gr.-NANANA-303.7%NA-264.6%NANANA-
BVPS (₹) -143.221.97.118.84.3-130.4-134-141.5-141.721.120.4
Adj Net
Profit
-173-253-20746.9-95.515.9-26.2-49.6-54.639.6-3
Cash Flow from Ops. 47.563.8-342-157-81.81811.6-12.8-65.7631-
Debt/CF from Ops. 8.76.7-2.3-5-9.24162.1-56.6-11.30.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.3%12.3%7.3%-23.9%
Adj EPS NANANANA
BVPSNA37.5%NANA
Share Price 8.3% -2.7% 4.3% -2.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
28.593.1-212.553.9-123.235.5-47.3-172.1-5907.1-1.9
Op. Profit
Mgn %
-103.5-105.7-78.35-19.612.42.11.20-16.10.1
Net Profit
Mgn %
-158.2-176.9-85.49.9-31.83.9-6-7.9-7.87.4-0.5
Debt to
Equity
-0.62.916.36.226-0.8-0.8-0.8-0.80.8-
Working Cap
Days
4123391,1681,0521,473978949657575100272
Cash Conv.
Cycle
-75-110-76-7002032191221182

Valuation of Hind Organic Chem - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales144177279511331415434631704536
Operating Expenses + 266331449484390388433625705622
Manufacturing Costs526074102828898128148141
Material Costs7366138280211204265442498419
Employee Cost 11013419467656851444547
Other Costs 31714334332920121415
Operating Profit -122-154-17027-592716-1-86
Operating Profit Margin (%) -84.3%-86.9%-60.8%5.3%-17.8%6.4%0.2%1.0%-0.1%-16.1%
Other Income + 16666117212134111723
Exceptional Items 000000000503
Interest 69977868585466677043
Depreciation 101463331112
Profit Before Tax -185-259-18773-98-8-32-51-55395
Tax 0000000003
Profit After Tax -185-259-18773-98-8-32-51-55392
PAT Margin (%) -128.0%-146.0%-67.0%14.3%-29.5%-2.0%-7.5%-8.1%-7.9%73.1%
Adjusted EPS (₹)-26.8-38.3-27.810.8-14.30.4-7.6-8.2-8.158.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -764119341111732-5-50-511,045
Share Capital 337676767676767676767
Reserves -1,10152-3343-50-36-72-118-119978
Debt +33873522520434421737814833205
Long Term Debt29428249246159770022
Short Term Debt4545273274275344737814830203
Minority Interest0-15-17-19-21-32-34-37-36-36
Trade Payables146169180102381742416948
Others Liabilities 5061,4709398379061,003735706759302
Total Liabilities 2271,8171,6591,5511,3741,4401,4751,4741,5721,564

Fixed Assets

Net Fixed Assets +1411,689154169174135154164225227
Gross Block7292,123461479486388408417480483
Accumulated Depreciation588433307310312253254253255256
CWIP 4400000004
Investments 0001100000
Inventories39496353505377506956
Trade Receivables998231249192021
Cash Equivalents 5510970104148157198254254
Others Assets 29601,3241,2351,0331,1001,0791,0431,0051,002
Total Assets 2271,8171,6591,5511,3741,4401,4751,4741,5721,564
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4659-451-160-81-5010-13-66631
PBT -195-259-10573-98-8-32-50-55395
Adjustment 106109-108-405653576060-520
Changes in Working Capital 136208-238-193-40-94-15-22-70756
Tax Paid 0000000000
Cash Flow From Investing Activity + -6-034311216481175610
Capex -7-03411071561-0-1-1-6
Net Investments 0001002100
Others 002487985717
Cash Flow From Financing Activity + -48-591793-9052-32-106-642
Net Proceeds from Shares 0300000000
Net Proceeds from Borrowing 000000002-1
Interest Paid -71-81-25-4-65-1-9-10-13-14
Dividend Paid 0000000000
Others 23182047-2553-23016-627
Net Cash Flow -8072-45-89-11-16-4-1
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/A0-243.72101.04-152.90N/AN/AN/A0
ROCE (%)N/A-144.06-15.8816.35-4.7313.04N/AN/AN/A1204.99
Asset Turnover Ratio0.620.170.160.320.230.30.30.430.460.34
PAT to CFO Conversion(x)N/AN/AN/A-2.19N/AN/AN/AN/AN/A1.61
Working Capital Days
Receivable Days38.3018.2011.201119.407.105.208.1010.2014.10
Inventory Days113.8090.7073.2041.3056.9045.6054.7036.5030.7042.50
Payable Days666.20875.80463.10183.8012149.1040.7034.2040.1050.90

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Hindustan Organic Chemicals Ltd FAQs

The current trading price of Hind Organic Chem on 15-Sep-2026 09:23 is ₹36.56.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of Hind Organic Chem stood at ₹247.7 Cr

The latest P/E ratio of Hind Organic Chem as of 14-Sep-2026 is 0.00.

The latest P/B ratio of Hind Organic Chem as of 14-Sep-2026 is 1.80.

The 52-week high of Hind Organic Chem is ₹46.60 and the 52-week low is ₹21.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Organic Chem is ₹506 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hindustan Organic Chemicals Ltd is a below average quality company.

The key valuation ratios of Hindustan Organic Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Organic Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Hindustan Organic Chemicals Ltd

Hindustan Organic Chemicals (HOC) was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs. In fact this was the first endeavor to indigenise manufacture of basic chemicals and to reduce country’s dependence on import of vital organic chemicals. HOC, started as small chemical unit, has today acquired the status of a multiunit company with two fast growing units and one subsidiary unit.

It was expected that indigenous manufacture of these chemical intermediates will give impetus to downstream industries resulting in setting up of chemical units and achieving self-sufficiency for the country in this area. This objective of setting up HOC has been achieved and at present more than 500 units based on HOC’s products have been set up all over the country which have not only succeeded in meeting the goal of self-sufficiency but also entered the international markets earning precious foreign exchange by exporting chemicals, dyes and drugs.

HOC provides the basic organic chemicals essential for vital industries like resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others, touching virtually facet of everyday life.

HOCL has two manufacturing units at Rasayani, Dist. Raigad in Maharashtra & at Kochi in Kerala. HOCL also has its subsidiary HFL manufacturing unit at Hyderabad in Andhra Pradesh.

The main products manufactured by HOCL are Phenol, Acetone, Nitrobenzene, Aniline, Nitrotoluenes, Chlorobenzenes and Nitrochlorobenzenes. The raw materials used by HOCL are Benzene, Toluene, LPG, Methanol, Naphtha and Sulfur, majority of which come from petroleum refineries.

HOC provides the basic organic chemicals essential for vital industries like resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others, touching virtually facet of everyday life.

HOC provides the basic organic chemicals essential for vital industries like resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others, touching virtually facet of everyday life.It also produces the versatile engineering plastic polytetrafluoroethylene (PTFE) through its subsidiary.

The main products manufactured by HOCL are :

Phenol, Acetone, Nitrobenzene, Aniline, Nitrotoluenes, Chlorobenzenes and Nitrochlorobenzenes, plastic polytetrafluoroethylene

Subsidiary:

The company is having a subsidiary -- PTFE Complex -- at Rudraram, Hyderabad in Andhra Pradesh engaged in production of  Polytetrafluoroethylene – Granular, Polytetrafluoroethylene - Fine Powders, Polytetrafluoroethylene – Compounded and Polytetrafluoroethylene - Dispersions

Awards & Achievements:

  • 1976-77 to1980-81 Export Award from CHEMEXCIL for five consecutive years.
  • 1977  Dujodhwala Endowment Award by All India Manufacturers Organisation (AIMO for Recovery of Resorcinol from Waste Stream of MAP plant.
  • 1979   First Prize for HOC's Annual Report (1978-79) in the 21st National Award for Excellence in Printing and Designing by DAVP, Ministry of Information and Broadcasting, Government of India.
  • 1980-81  'Award in the “Public Services Advertisement Category” for HOC's Advertisement captioned  “Eye  Appeal” for its Community Vision Project, by DAVP.
  • 1982   Indian Chemical Manufacturers Association Award for Process Design and Process Engineering for developing know-how and installing a Detoxification plant for Solvent Extraction.
  • 1982-83  Institute of Chartered Accountants' Shield for the best presented Annual and Report.
  • 1983-84  'National Society for equal opportunity of handicapped (NASEOH)'s Award for being an ideal Employer.
  • 1984   Grocery Markets and Shops Board for Greater Bombay (Mathadi) Board's Award for being an ideal Employer.
  • 1987-88  Indira Gandhi Memorial National Award for Excellence in Public Sector Enterprises.
  • 1988   First Prize for HOC's Annual Report 1986-87 from Association of Business Communicators of India.
  • 1989   Certificate of Commendation for HOC Annual Report 1987-88 from the Association of Business Communicators of India.
  • 1989  Second Prize in suggestion scheme by the Indian National Suggestion schemes Association.
  • 1989-92  Productivity Award from Kerala Productivity Council. 
  • 1989-91 Industrial Safety Award Kerala Chapter (1998-1991) and consequently thereafter from the year.  1993-98  1993 till 1998. 
  • 1991-92First Prize in the Chemical sector for Energy Conservation for the year 1991-92 by Government of India, Ministry of Energy, Department of Power.
  • 1995  Dyestuff Manufacturer's Industries' Association – Industrial Pollution Control Award – 1995.
  • 1995   Certificate of Merit by the Kerala State Pollution Control Board for Kochi unit. Second Price for Safety from the Kerala Chapter of the National Safety Council.
  • 1995   Wisitex Foundation International Award Life 2000 (1994) for National Excellence in Industrial Pollution Abatement.
  • 1996   The Dyestuff Manufacturers Association of India's Award (DMAI) for successful development of indigenous technology for product by a large scale unit for the year 1995-96.
  • 1996-98 First prize award from Kerala State Pollution Control Board among large scale industries in making substantial and sustained efforts in pollution control.
  • 1996-98  Prize for Energy Conservation in Chemical Industry by Ministry of Energy, Government of    India successively for two years (1996-97, 1997-98).
  • 1997-98  First Prize for Indira Gandhi Official Language Puraskar for the year 1997-98 for Best Implementation of Rajbhasha Hindi.
  • 1998   Kerala State Productivity Council's Productivity Award among large Industries in Kerala – 1998.
  • 1998   ICICI Technology Award by National Chemical Laboratory Research Foundation jointly with the Process Development and Chemical Engineering Division Team Members of National Chemical Laboratory for the Mono Chloro Benzene Expansion Project.
  • 1999   National Energy Conservation Award, 1999 – First Prize in Chemical Sector by Government of India, Ministry of Power, New Delhi.
  • 2000   National Energy Conservation Award, 2000 – First Prize in Chemical Sector by Government of India, Ministry of Power, New Delhi
  • 2001   National Energy Conservation Award, 2001 – Second Prize in Chemical Sector by Government of India, Ministry of Power, New Delhi  

Quality & ISO Certification :

  • HOC's products have always conformed to international standards. Its quality assurance system in its Kochi and Rasayani Units has been recognised with ISO 9001-2000 certificate by Bureau Veritas Quality International (BVQI).
  • Kochi Unit has also received ISO 14001-1996 certification in Environmental Management System.
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