Hindustan Organic Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 500449 | NSE: HOCL | Chemicals | Small Cap

Hind Organic Chem Share Price

39.26 -1.63 -3.99%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Hind Organic Chem

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Hindustan Organic Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
263.7 Cr.
52-wk low:
20.7
52-wk high:
66

Is Hindustan Organic Chemicals Ltd an attractive stock to invest in?

1. Is Hindustan Organic Chemicals Ltd a good quality company?

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

2. Is Hindustan Organic Chemicals Ltd undervalued or overvalued?

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

3. Is Hindustan Organic Chemicals Ltd a good buy now?

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.

10 Year X-Ray of Hind Organic Chem:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -232.1%276.3%63.8%-126%-22%10.7%-6.7%6.8%2.5%-0.5%-
Value Creation
Index
NANANA-10.0-2.6-0.2-1.5-0.5NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 211150109143242472300412434631715
Sales YoY Gr.--28.9%-27.3%31.3%69.1%94.8%-36.4%37.2%5.4%45.6%-
Adj EPS -26-32-25.7-37.7-30.87-14.22.4-3.9-7.5-6.8
YoY Gr.-NANANANANA-303.7%NA-264.6%NA-
BVPS (₹) -83.8-117.4-143.221.97.118.84.3-130.4-134-141.4-147.8
Adj Net
Profit
-175-215-173-253-20746.9-95.515.9-26.2-50.2-45
Cash Flow from Ops. -12.9-11347.563.8-342-157-81.81811.626.2-
Debt/CF from Ops. -21.6-3.68.76.7-2.3-5-9.24162.127.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.9%21.1%28.2%45.6%
Adj EPS NANANANA
BVPSNA-282%-420.4%NA
Share Price 12.1% 11.3% -1.6% 81.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
85.752.928.593.1-212.553.9-123.235.5-47.3-172.64.7
Op. Profit
Mgn %
-59.9-107.1-103.5-105.7-78.35-19.612.42.112.2
Net Profit
Mgn %
-82.8-143-158.2-176.9-85.49.9-31.83.9-6-8-6.4
Debt to
Equity
-1-0.8-0.62.916.36.226-0.8-0.8-0.8-
Working Cap
Days
2413144123391,1681,0521,473978949662307
Cash Conv.
Cycle
-8-18-75-110-76-7002032190

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.70%

Sales growth is growing at healthy rate in last 3 years 28.15%

Sales growth is good in last 4 quarters at 14.65%

No data to display

Latest Financials - Hindustan Organic Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) -6.8 -6.9
TTM Sales (₹ Cr.) 715 715
BVPS (₹.) -147.8 -158.8
Reserves (₹ Cr.) -1,060 -1,134
P/BV -0.27 -0.25
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 20.65 / 65.95
All Time Low / High (₹) 4.75 / 107.70
Market Cap (₹ Cr.) 264
Equity (₹ Cr.) 67.2
Face Value (₹) 10
Industry PE 47

Management X-Ray of Hind Organic Chem:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Hind Organic Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales211150109143242472300412434631
Operating Expenses 339313224298435449359361425625
Manufacturing Costs695045556997798697128
Material Costs138945352124265197202264442
Employee Cost 112109961221815553464844
Other Costs 20602969603331271512
Operating Profit -128-163-115-154-19223-595196
Operating Profit Margin (%) -60.8%-108.0%-105.0%-107.0%-79.4%4.8%-19.7%12.4%2.1%1.0%
Other Income 1381666911622203112
Interest 43516695756656536667
Depreciation 179913421111
Exceptional Items -1-100000000
Profit Before Tax -177-215-174-256-20371-9516-26-50
Tax 0000000000
Profit After Tax -177-215-174-256-20371-9516-26-50
PAT Margin (%) -83.8%-143.0%-159.0%-178.0%-84.0%15.0%-31.6%3.9%-6.0%-8.0%
Adjusted EPS (₹)-26.3-32.1-25.9-38.0-30.310.6-14.12.4-3.9-7.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund -293-518-691147481262960508
Share Capital 33733733767676767676767
Reserves -630-855-1,02980-2059-38-7-17-59
Minority Interest0000000000
Debt21032932463516516429347646723
Long Term Debt138276283212462461597700
Short Term Debt72534041270270270270646723
Trade Payables1291141421661769836164241
Others Liabilities 2973664621,423888778844969717707
Total Liabilities 3432912361,7991,6281,5181,3381,3931,4541,478

Fixed Assets

Gross Block6686406482,012350368375386406417
Accumulated Depreciation534507532375248249250251252253
Net Fixed Assets1341331171,637102119125135154164
CWIP 371144000000
Investments 119991112481110
Inventories52523144574746517550
Trade Receivables9226541882718
Cash Equivalents 2422310970104148135167
Others Assets766366971,3431,2511,0511,0491,0721,069
Total Assets 3432912361,7991,6281,5181,3381,3931,4541,478

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -13-1134764-342-157-82181226
PBT -176-175-184-256-20371-9516-26-50
Adjustment 564410110492-3853525860
Changes in Working Capital 10718131213-231-189-40-50-2017
Tax Paid 0000000000
Cash Flow From Investing Activity 125-11343112164797
Capex 103-2034210715610-1
Net Investments 0000010021
Others 3111248788
Cash Flow From Financing Activity 085-46-63710-90-16-33-10
Net Proceeds from Shares 000-3000000
Net Proceeds from Borrowing 0000000000
Interest Paid -27-36-54-78-37-1-630-8-10
Dividend Paid 0000000000
Others 271218181080-27-16-260
Net Cash Flow -1-230173-45-89-1323
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/A0-209.1281.65-122.34000
ROCE (%)N/AN/AN/A-108.27-18.2515.78-4.5621.600
Asset Turnover Ratio0.630.530.460.140.140.30.210.30.30.43
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-2.21N/A1.13N/AN/A
Working Capital Days
Receivable Days303443147916547
Inventory Days8511212696764057435336
Payable Days2964738781,090505189125484034

Hindustan Organic Chemicals Ltd Stock News

Hindustan Organic Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hind Organic Chem on 28-Mar-2024 16:01 is ₹39.26.
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 28-Mar-2024 16:01 the market cap of Hind Organic Chem stood at ₹263.7.
The latest P/E ratio of Hind Organic Chem as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Hind Organic Chem as of 28-Mar-2024 16:01 is -0.27.
The 52-week high of Hind Organic Chem is ₹65.95 and the 52-week low is ₹20.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Organic Chem is ₹714.9 ( Cr.) .

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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