Hindustan Organic Chemicals Ltd (HOCL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

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.