Hindustan Organic Chemicals Ltd Stock Analysis

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

BSE Share Price 27-Jan-2023 18:01
28.55 -1.30 (-4.36%)

DeciZen - Make an Informed Decision on Hind Organic Chem

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

Hind Organic Chem Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
191.8 Cr.
52-wk low :
25
52-wk high :
37
Bole Toh?

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 Semi Strong which suggest that the price of Hindustan Organic Chemicals Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -61.8%-232.1%276.3%63.8%-126%-22%10.7%-6.7%6.8%1.6%-
Value Creation Index NANANANA-10.0-2.6-0.2-1.5-0.5NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 555211150109143242472300412434562
YoY Gr. Rt. %--62%-28.9%-27.3%31.3%69.1%94.8%-36.4%37.2%5.4%-
Adj EPS -20.4-26-32-25.7-37.7-30.87-14.22.4-3.5-2.8
YoY Gr. Rt. %-NANANANANANA-303.7%NA-246%-
BVPS (₹) -57.3-83.8-117.4-143.221.97.118.84.3-130.4-133.5-138.7
Adj Net Profit -137-175-215-173-253-20746.9-95.515.9-23.2-19
Cash Flow from Ops. -4.7-12.9-11347.563.8-342-157-81.8184.2-
Debt/CF from Ops. -54.1-21.6-3.68.76.7-2.3-5-9.241171.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.7%24.8%-2.8%5.4%
Adj EPS NANA-179.1%-246%
BVPS 0-243.6-292.40
Share Price 4.8% -0.2% 22.3% -20.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 271.685.752.928.593.1-212.553.9-123.235.5-40.92.1
Op. Profit Mgn % -17.3-59.9-107.1-103.5-105.7-78.35-19.612.4-0.5-0.6
Net Profit Mgn % -24.7-82.8-143-158.2-176.9-85.49.9-31.83.9-5.4-3.3
Debt to Equity -2.2-1-0.8-0.62.916.36.226-0.8-0.80
Working Cap Days 1172413144123391,1681,0521,473978949830
Cash Conv. Cycle 26-8-18-75-110-76-700203326

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.10%

Sales growth is good in last 4 quarters at 184.40%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Hindustan Organic Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) -2.8 -3.3
TTM Sales (₹ Cr.) 562 562
BVPS (₹.) -138.7 -149.6
Reserves (₹ Cr.) -999 -1,072
P/BV -0.21 -0.19
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 25.00 / 37.00
All Time Low / High (₹) 4.75 / 107.70
Market Cap (₹ Cr.) 192
Equity (₹ Cr.) 67.2
Face Value (₹) 10
Industry PE 29.9

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 (%)

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 27-Jan-2023 18:01 is : 28.55.
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 27-Jan-2023 18:01 the market cap of Hind Organic Chem stood at ₹ 191.8.
The latest PE ratio of Hind Organic Chem as of 27-Jan-2023 18:01 is 0.00.
The latest PB ratio of Hind Organic Chem as of 27-Jan-2023 18:01 is -0.21
The 52-week high of Hind Organic Chem is ₹ 37.00 and the 52-week low is ₹ 25.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hind Organic Chem is ₹ 562.5 ( 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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