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Heranba Industries Ltd (HERANBA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543266 NSE: HERANBA Pesticides & Agrochemicals | Small Cap | Heranba Industries Share Price
₹171.60 -2.80 (-1.61%)
As on 11-Sep'26 16:59
Heranba Industries Ltd (HERANBA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543266 NSE: HERANBA Pesticides & Agrochemicals | Small Cap | Heranba Industries Share Price
₹171.60 -2.80 (-1.61%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹687 Cr.
Current Price
₹171.6
52-Week Low / High
₹156 / 365
TTM EPS
₹-18.8
TTM Sales
₹1,526 Cr.
Book Value per Share
₹192.1
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
29
Price to Book (P/B)
0.89
Lower than its 5-year historical median
Price to Sales (P/S)
0.45
Lower than its 5-year historical median
EV/EBITDA
13.92
Higher than its 5-year historical median
Dividend Yield
0.58%
Profitability Efficiency
Return on Equity (ROE)
0.27%
Underperforms industry median
Return on Capital Employed (ROCE)
4.46%
Underperforms industry median
Return on Assets (ROA)
0.14%
Operating Profit Margin
7%
Net Profit Margin
0.16%
Gross Profit Margin
5.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.35%
Operating Profit Growth (1 Year)
-
27.38%
Net Profit Growth (1 Year)
-
-93.48%
Asset Quality
Promoter Holding
74.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹729 Cr.
Equity
₹40 Cr.
Face Value
₹10
All Time Low / High
₹155.80 / 944.95
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Heranba Industries Ltd a good quality company?
Heranba Industries Ltd is a good quality company, based on a consistently good 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 Heranba Industries Ltd performance compare with that of its Peers?
Revenue growth of Heranba Industries Ltd vs industry peers?
Heranba Industries Ltd revenue CAGR is 9.47%, compared to the industry median CAGR of 7%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Heranba Industries Ltd?
Promoters hold 74.94% of the Heranba Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Heranba Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -25.81% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Heranba Industries 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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23.9% | 23.4% | 40.6% | 51.9% | 42.9% | 45.4% | 37.5% | 17.8% | 10.6% | 9.2% | - |
| Value Creation Index ⓘ | 0.7 | 0.7 | 1.9 | 2.7 | 2.1 | 2.2 | 1.7 | 0.3 | -0.2 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 520 | 582 | 741 | 1,004 | 951 | 1,219 | 1,450 | 1,324 | 1,275 | 1,496 | 1,631 |
| Sales YoY Gr. | - | 11.9% | 27.3% | 35.5% | -5.3% | 28.1% | 19% | -8.7% | -3.8% | 17.4% | - |
| Adj EPS ⓘ | 4.3 | 4.7 | 11.3 | 18.7 | 22.4 | 37.6 | 44.9 | 26.7 | 16 | 12.8 | 9.6 |
| YoY Gr. | - | 9% | 139.8% | 65.6% | 19.7% | 67.5% | 19.6% | -40.6% | -40.2% | -19.9% | - |
| BVPS (₹) ⓘ | 23.8 | 29.7 | 40.3 | 58.4 | 82.2 | 132 | 178.6 | 204 | 219.3 | 231.5 | 245.8 |
| Adj Net Profit ⓘ | 16.9 | 18.5 | 44.2 | 73.2 | 87.6 | 150 | 180 | 107 | 63.8 | 51.1 | 38 |
| Cash Flow from Ops. ⓘ | 16.5 | 30.5 | 52 | 87.7 | 54.2 | 60.4 | 98.1 | 123 | 136 | 137 | - |
| Debt/CF from Ops. ⓘ | 5.8 | 2.8 | 1.5 | 0.6 | 0.8 | 0.8 | 0.9 | 0.7 | 1 | 1.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.5% | 9.5% | 1% | 17.4% | ||||
| Adj EPS ⓘ | 12.8% | -10.7% | -34.3% | -19.9% | ||||
| BVPSⓘ | 28.8% | 23% | 9% | 5.5% | ||||
| Share Price | - | -26.1% | -23% | -48% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 18.3 | 17.2 | 32.4 | 38 | 31.9 | 35.4 | 28.9 | 13.9 | 7.5 | 5.7 | 4 |
| Op. Profit Mgn % ⓘ | 7.7 | 8.1 | 11.9 | 13.1 | 13.6 | 18.2 | 17.9 | 12.2 | 7.6 | 5.6 | 4.4 |
| Net Profit Mgn % ⓘ | 3.3 | 3.2 | 6 | 7.3 | 9.2 | 12.3 | 12.4 | 8.1 | 5 | 3.4 | 2.4 |
| Debt to Equity ⓘ | 1 | 0.7 | 0.5 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | - |
| Working Cap Days ⓘ | 194 | 168 | 162 | 157 | 174 | 151 | 169 | 211 | 263 | 294 | 107 |
| Cash Conv. Cycle ⓘ | 62 | 67 | 45 | 32 | 38 | 51 | 86 | 121 | 123 | 93 | 15 |
Valuation of Heranba Industries - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Sales | 1,319 | 1,257 | 1,410 |
| Operating Expenses ⓘ + | 1,163 | 1,180 | 1,312 |
| Operating Profit ⓘ | 156 | 77 | 98 |
| Operating Profit Margin (%) | 11.8% | 6.1% | 6.9% |
| Other Income ⓘ + | 12 | 14 | 8 |
| Interest ⓘ | 8 | 12 | 31 |
| Depreciation ⓘ | 23 | 26 | 57 |
| Profit Before Tax ⓘ | 138 | 52 | 18 |
| Tax ⓘ | 33 | 18 | 16 |
| Profit After Tax | 104 | 35 | 2 |
| PAT Margin (%) | 7.9% | 2.7% | 0.2% |
| Adjusted EPS (₹) | 26.1 | 8.7 | 0.8 |
| Dividend Payout Ratio (%) | 4.80% | 14.30% | 130.30% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 810 | 843 | 841 | ||||||||
| Debt + | 89 | 157 | 323 | ||||||||
| Minority Interest | 0 | 10 | 9 | ||||||||
| Trade Payables | 189 | 290 | 486 | ||||||||
| Others Liabilities ⓘ | 66 | 161 | 132 | ||||||||
| Total Liabilities ⓘ | 1,154 | 1,461 | 1,791 | ||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 209 | 445 | 662 | ||||||||
| CWIP ⓘ | 72 | 137 | 70 | ||||||||
| Investments ⓘ | 1 | 2 | 3 | ||||||||
| Inventories | 304 | 275 | 337 | ||||||||
| Trade Receivables | 386 | 467 | 555 | ||||||||
| Cash Equivalents | 119 | 40 | 55 | ||||||||
| Others Assets ⓘ | 64 | 96 | 109 | ||||||||
| Total Assets ⓘ | 1,154 | 1,461 | 1,791 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0 | 107 | 101 |
| Cash Flow From Investing Activity ⓘ + | 0 | -241 | -239 |
| Cash Flow From Financing Activity ⓘ + | 0 | 62 | 152 |
| Net Cash Flow ⓘ | 0 | -72 | 14 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.88 | 4.17 | 0.27 | |||||||
| ROCE (%) | 16.18 | 6.79 | 4.46 | |||||||
| Asset Turnover Ratio | 1.16 | 0.99 | 0.89 | |||||||
| PAT to CFO Conversion(x) | 0 | 3.06 | 50.5 | |||||||
| Working Capital Days | ||||||||||
| Receivable Days | 105 | 120.80 | 128.80 | |||||||
| Inventory Days | 82.60 | 81.90 | 77.10 | |||||||
| Payable Days | 78.40 | 100.80 | 149.90 | |||||||
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Heranba Industries Ltd FAQs
The current trading price of Heranba Industries on 11-Sep-2026 16:59 is ₹171.6.
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 10-Sep-2026 the market cap of Heranba Industries stood at ₹686.6 Cr
The latest P/E ratio of Heranba Industries as of 10-Sep-2026 is 17.92.
The latest P/B ratio of Heranba Industries as of 10-Sep-2026 is 0.70.
The 52-week high of Heranba Industries is ₹365.0 and the 52-week low is ₹155.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Heranba Industries is ₹1,631 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Heranba Industries Ltd is a below average quality company.
The key valuation ratios of Heranba Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Heranba Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Heranba Industries Ltd
Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. It manufactures Intermediates, Technicals and Formulations. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin etc. Its Pesticides range includes insecticides, herbicides, fungicides and public health products for pest control. Its business verticals include (a) Domestic Institutional sales of Technicals: manufacturing and selling of Technicals in bulk to domestic companies; (b) Technicals Exports: Exports of Technicals in bulk to customers outside India; (c) Branded Formulations: Manufacturing and selling of Formulations under its own brands through its own distribution network in India; (d) Formulations Exports: Export of Formulations in bulk and customer specified packaging outside India; and (e) Public Health: Manufacturing and selling of general insect control chemicals by participating in public health tenders issued by governmental authorities and selling to pest management companies.
Business area of the company
The company is engaged in manufacturing process which mainly includes chemical reactions of ammonolysis, esterification, hydrolysis, condensation, favorski reaction, isomerisation, cyanation, friedel crafts, methoxylation, cyclisation and halogenation. It has its inhouse R&D team for product development and improvisation which is well supported by its product registration team. Its R&D facilities at Unit I and II are recognized by the Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of India (DSIR). Its new R&D facility at Unit III, Sarigam has become operational from October, 2020.
Major events and milestones:
- 1991-92: Incorporation of the company.
- 1996-97: Change of name of the company from Heranba Industrial Chemicals to Heranba Industrial Chemicals consequent to conversion of the company from Private Limited to Public Limited.
- 1996-97: Change of name of the company from Heranba Industrial Chemicals to Heranba Industries.
- 1996-97: Commencement of production of Cypermethrin Technical.
- 2003-04: Commencement of production of Alphacypermethrin Technical.
- 2005-06: Setting up of Unit II and commencement of manufacturing Formulations.
- 2006-07: Setting up and commencement of production at old Unit III.
- 2006-07: Commencement of production of Permethrin Technical.
- 2013-14: Receipt of ISO 9001:2015 certification in respect of production & dispatch of agro Formulations and packing & dispatch of agro based herbicides.
- 2014-15: Achieved Turnover of Rs 500 crore.
- 2017-18: Setting up and commencement of manufacturing at old Unit IV.
- 2019-20: Setting up and commencement of manufacturing at Sarigam Unit.
- 2019-20: Setting up a subsidiary of the company, Chang Zhou Heranba Crop Science and Technology CO., LTD in China.
- 2020-21 Consolidation of manufacturing operations of old Unit III with Unit I and of old Unit IV with Sarigam Unit.
Awards and Recognitions:
- 1999-2000 Received Rashtriya Udyog Ratan Award from India International Council for Industries & Trade, New Delhi.
- 2005-2006 Received an Award from Chemexcil for the outstanding export performance in basic inorganic & organic chemicals.
- 2017-2018 Received an Award for overseas market expansion from China International Agrochemical and Crop Protection Exhibition Organising Committee.
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