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Hemang Resources Ltd (531178)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531178 NSE: Trading | Small Cap | Hemang Resources Share Price

₹12.96 -0.41 (-3.07%)

As on 12-Jun'26 16:59

Hemang Resources Ltd (531178)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531178 NSE: Trading | Small Cap | Hemang Resources Share Price

₹12.96 -0.41 (-3.07%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹17 Cr.
Current Price
₹13
52-Week Low / High
₹9 / 27
TTM EPS
₹-0.3
TTM Sales
₹8.1 Cr.
Book Value per Share
₹18
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
35.6
Price to Book (P/B)
0.72
Lower than its 5-year historical median
Price to Sales (P/S)
2.12
Higher than its 5-year historical median
EV/EBITDA
-33.33
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.10%
In line with industry median
Return on Capital Employed (ROCE)
3.13%
Underperforms industry median
Return on Assets (ROA)
1.03%
Operating Profit Margin
-1.1%
Net Profit Margin
6.14%
Gross Profit Margin
9.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-76.29%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
63.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹11 Cr.
Equity
₹13.2 Cr.
Face Value
₹10
All Time Low / High
₹0.08 / 117.00

Hemang Resources stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Hemang Resources Ltd a good quality company?
Hemang Resources Ltd is a quality company, based on a 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 Hemang Resources Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hemang Resources Ltd vs industry peers?
Hemang Resources Ltd revenue CAGR is 45.49%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hemang Resources Ltd?
Promoters hold 63.65% of the Hemang Resources Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hemang Resources Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.8% 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.
Hemang Resources Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 20.7%14.4%-12.5%-26.8%-13.7%-20.8%130.3%42.4%-11.3%3.1%-
Value Creation
Index
0.50.0-1.9-2.9-2.0NA8.32.0-1.8-0.8-

Growth Parameters

Sales 435250126371.40.165.820537.18.88
Sales YoY Gr.--42.6%-49.6%-70.6%-96.4%-92.6%65,730%211.5%-81.9%-76.3%-
Adj EPS 1.1-0.8-8.8-9-3.5-3.814.85.7-0.80.4-0.3
YoY Gr.--169.4%NANANANANA-61.7%-114.5%NA-
BVPS (₹) 26.125.316.47.23.5-0.314.520.119.319.718
Adj Net
Profit
1.4-1-11.6-11.9-4.6-5.119.67.5-1.10.5-0
Cash Flow from Ops. 19.2-12.58.4-16.27.510.515.8-0.40.60.6-
Debt/CF from Ops. 0.5-2.93.9-2.54.32.10.2-9.33.12.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -35.2%45.5%-48.9%-76.3%
Adj EPS -10.2%NA-69.8%NA
BVPS-3.1%41.1%10.7%2.1%
Share Price 3.7% 21.9% -32.2% -46.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.4-2.6-42.2-76.5-65.1-238.4208.832.8-4.22.1-1.7
Op. Profit
Mgn %
2.11.6-12.4-38.1-1438.7-19760.223.84.9-41.5-1.1-11.2
Net Profit
Mgn %
0.3-0.4-9.2-32.1-341.1-5113.629.73.7-2.96.1-5.2
Debt to
Equity
0.31.11.54.37-54.70.20.10.10.10
Working Cap
Days
17524635296219,6091,93,3933131205902,1491,029
Cash Conv.
Cycle
233810627511,7411,28,0263644323-2,549575

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales435.17249.60125.7637.041.350.1065.83205.0537.128.80
Operating Expenses + 426.17245.55141.6651.5021.0419.6850.21195.0652.548.90
Manufacturing Costs0.280.260.140.150.090.060.030.020.020.02
Material Costs415.20237.49127.8736.961.161.8444.63194.0847.725.47
Employee Cost 3.373.302.191.420.800.340.380.310.330.29
Other Costs 7.334.4911.4612.9718.9917.445.170.654.473.12
Operating Profit 94.05-15.90-14.45-19.69-19.5815.629.99-15.42-0.10
Operating Profit Margin (%) 2.1%1.6%-12.6%-39.0%-1,461.9%-19,760.2%23.7%4.9%-41.5%-1.1%
Other Income + 3.574.778.190.4713.7113.5312.861.1312.180.96
Exceptional Items 0000000000
Interest 10.7710.279.462.360.240.470.270.130.010
Depreciation 0.010.020.020.020.020.020.010.010.010.01
Profit Before Tax 1.80-1.47-17.19-16.36-6.24-6.5428.2010.97-3.260.86
Tax 0.50-0.48-5.34-4.24-1.43-1.508.683.59-2.170.32
Profit After Tax 1.29-0.99-11.85-12.12-4.81-5.0419.527.38-1.090.54
PAT Margin (%) 0.3%-0.4%-9.4%-32.7%-357.0%-5,086.5%29.7%3.6%-2.9%6.1%
Adjusted EPS (₹)1.0-0.8-9.0-9.2-3.7-3.814.85.6-0.80.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Hemang Resources - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 42.4233.4321.589.464.65-0.3919.1326.5125.4225.96
Share Capital 21.2013.2013.2013.2013.2013.2013.2013.2013.2013.20
Reserves 21.2220.238.38-3.74-8.55-13.595.9313.3112.2212.76
Debt +10.4036.1032.5541.0132.5921.593.393.391.861.71
Long Term Debt000.730.780.710.712.392.390.860.71
Short Term Debt10.4036.1031.8240.2231.8820.881.011.011.011.01
Minority Interest0000000000
Trade Payables159.5973.1962.0339.1126.5425.9333.4726.0119.6519.64
Others Liabilities 5.1811.607.741.47-0.743.7412.0313.895.285.53
Total Liabilities 217.59154.31123.9191.0463.0450.8668.0269.8152.2252.85

Fixed Assets

Net Fixed Assets +0.060.110.090.080.060.050.040.030.020.02
Gross Block0.070.140.140.140.140.140.150.150.150.15
Accumulated Depreciation0.010.030.050.070.080.100.110.120.130.13
CWIP 0000000000
Investments 0.090.210.260.260.320.270.300.350.400.18
Inventories24.3922.5526.6015.3214.7212.8817.7817.5821.6917.48
Trade Receivables155.6590.4264.3449.8829.1423.2237.2439.7818.7425.67
Cash Equivalents 14.1120.3114.614.374.293.811.170.900.090.56
Others Assets 23.2920.711821.1314.5110.6311.4911.1611.288.94
Total Assets 217.59154.31123.9191.0463.0450.8668.0269.8152.2252.85

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 19.19-12.488.44-16.227.5410.4815.75-0.360.610.62
PBT 1.80-1.47-17.19-16.36-6.24-6.5428.2010.97-3.260.86
Adjustment 4.375.81102.48-0.83-0.180.14-0.13-0.150.22
Changes in Working Capital 13.03-16.8115.64-2.3414.6217.2-12.59-11.24.03-0.43
Tax Paid 00000000-0.02-0.03
Cash Flow From Investing Activity + 3.36-4.603.5110.071.320.972.110.090.860.01
Capex -0.03-0.07-0-0-0-0-0.010-00
Net Investments 1.19-6.725.5710.540.420.572.0300.750
Others 2.202.20-2.06-0.470.910.400.080.090.120.01
Cash Flow From Financing Activity + -26.5016.67-12.026.45-8.53-11.24-21.800-1.53-0.15
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-0.08000-1.53-0.15
Interest Paid -9.40-9.03-7.75-2.01-0.12-0.23-0.24000
Dividend Paid 0000000000
Others -17.0925.70-4.278.45-8.34-11.01-21.57000
Net Cash Flow -3.94-0.40-0.080.300.340.20-3.94-0.27-0.060.48

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.83-2.91-43.08-78.11-68.25N/A208.4332.36-4.182.1
ROCE (%)20.714.39-12.51-26.78-13.68N/A130.2642.35-11.343.13
Asset Turnover Ratio1.941.340.90.340.0201.112.980.610.17
PAT to CFO Conversion(x)14.88N/AN/AN/AN/AN/A0.81-0.05N/A1.15
Working Capital Days
Receivable Days136.10179.90224.60562.7000167.6068.60287.70920.80
Inventory Days2334.3071.30206.504,069.9008531.50193.10812.20
Payable Days137.10178.90193499.3005,204.20242.9055.90174.701,310.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hemang Resources Ltd FAQs

The current trading price of Hemang Resources on 12-Jun-2026 16:59 is ₹12.96.

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 11-Jun-2026 the market cap of Hemang Resources stood at ₹17.11 Cr

The latest P/E ratio of Hemang Resources as of 11-Jun-2026 is 0.00.

The latest P/B ratio of Hemang Resources as of 11-Jun-2026 is 0.72.

The 52-week high of Hemang Resources is ₹27.29 and the 52-week low is ₹9.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hemang Resources is ₹8.08 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hemang Resources Ltd is a average quality company.

The key valuation ratios of Hemang Resources Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Hemang Resources Ltd

Bhatia Industries & Infrastructure Ltd. formerly known as BCC Finance Limited and a BCC Group company is a public limited company. It was incorporated in July, 1993. The company was initially engaged in finance of leasing and hire purchase business.

BCC Group comprises different main ventures including three limited companies and one proprietorship concern viz. (I) Bhatia International Ltd. (Formally known as Bhatia Coal Corporation) (ii) Bhatia Coal Sales Ltd (iii) BCC Finance Ltd. and (iv) Associated Transport Company. The Group was formed in 1979. The group is primarily engaged in trading of Imported coal, Meghalaya coal and indigenous coal with a net-work of 15 branches all over the country and agents in different countries. The group has taken shape of an international organisation.

The Reserve Bank of India has on August 4, 2006 cancelled the certificate of registration granted to M/s BCC Finance Limited, Indore having its registered office at BCC House, 8/5 Manoramaganj, Navratan Bagh, Main Road, Indore-1 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of registration certificate, M/s BCC Finance Limited, cannot transact the business of a non-banking financial institution.

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