Is Heranba Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Heranba Industries Ltd is a good quality company .

Is Heranba Industries undervalued or overvalued?

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

What is Heranba Industries share price return in the past 10 years?

Data is not available for this company

Is Heranba Industries a good buy now?

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.

Heranba Industries Ltd - Stock Valuation and Financial Performance

Name: Heranba Industries
Brand: Heranba Industries

BSE: 543266 | NSE: HERANBA | Pesticides & Agrochemicals | Small Cap

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Heranba Industries Share Price

₹325 6.40 2.01%
as on 16-Apr'24 16:01

10 Year X-Ray of Heranba Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	18.6%	17.2%	14.3%	13.7%	24.2%	31.6%	29.2%	32.7%	26.4%	13.1%	-
Value Creation Index ⓘ	0.3	0.2	0.0	0.0	0.7	1.3	1.1	1.3	0.9	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	456	520	520	582	741	1,004	951	1,219	1,450	1,324	1,272
Sales YoY Gr.	-	13.9%	0.1%	11.9%	27.3%	35.5%	-5.3%	28.1%	19%	-8.7%	-
Adj EPS ⓘ	4.2	4.5	4.3	4.7	11.3	18.7	22.4	37.6	44.9	26.7	16.9
YoY Gr.	-	7.1%	-4.2%	9%	139.8%	65.6%	19.7%	67.5%	19.6%	-40.6%	-
BVPS (₹) ⓘ	159.6	20.2	23.8	148.6	201.4	58.4	82.2	132	178.6	204	216
Adj Net Profit ⓘ	16.2	17.4	16.9	18.5	44.2	73.2	87.6	150	180	107	68
Cash Flow from Ops. ⓘ	27.7	17	16.5	30.5	52	87.7	54.2	60.4	98.1	123	-
Debt/CF from Ops. ⓘ	2.7	5.2	5.8	2.8	1.5	0.6	0.8	0.8	0.9	0.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.6%	12.3%	11.7%	-8.7%
Adj EPS ⓘ	22.7%	18.7%	5.9%	-40.6%
BVPSⓘ	2.8%	0.3%	35.4%	14.2%
Share Price	-	-	-20.5%	-1.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	27.1	22.8	18.3	17.2	32.4	38	31.9	35.4	28.9	13.9	8
Op. Profit Mgn % ⓘ	8.1	7.8	7.7	8.1	11.9	13.1	13.6	18.2	17.9	12.2	7.8
Net Profit Mgn % ⓘ	3.6	3.4	3.3	3.2	6	7.3	9.2	12.3	12.4	8.1	5.3
Debt to Equity ⓘ	1.2	1.1	1	0.7	0.5	0.2	0.1	0.1	0.1	0.1	-
Working Cap Days ⓘ	170	187	194	168	162	157	174	151	169	211	121
Cash Conv. Cycle ⓘ	52	50	62	67	45	32	38	51	86	121	65

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.66%

Return on Equity has declined versus last 3 years average to 8.00%

Net Profit has been subdued in last 3 years 5.94%

Sales growth is not so good in last 4 quarters at -9.74%

Latest Financials - Heranba Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	16.9	11.6
TTM Sales (₹ Cr.)	1,272	1,259
BVPS (₹.) ⓘ	216	210.1
Reserves (₹ Cr.) ⓘ	824	801
P/BV ⓘ	1.50	1.54
PE ⓘ	19.22	28.01

From the Market
52 Week Low / High (₹)	281.75 / 425.40
All Time Low / High (₹)	265.00 / 944.95
Market Cap (₹ Cr.)	1,299
Equity (₹ Cr.)	40
Face Value (₹)	10
Industry PE ⓘ	35.2

Management X-Ray of Heranba Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Heranba Industries

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Heranba Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	456	520	520	582	741	1,004	951	1,219	1,450	1,324
Operating Expenses ⓘ	419	479	480	535	653	873	822	997	1,191	1,163
Manufacturing Costs	30	34	32	36	56	73	72	75	122	142
Material Costs	335	375	373	418	504	698	637	780	931	888
Employee Cost	19	23	27	32	33	38	46	52	58	64
Other Costs ⓘ	35	47	48	49	61	65	66	90	80	69
Operating Profit ⓘ	37	41	40	47	88	131	129	221	260	161
Operating Profit Margin (%)	8.0%	7.8%	7.7%	8.1%	11.8%	13.1%	13.6%	18.2%	17.9%	12.2%
Other Income ⓘ	5	8	6	3	5	7	17	7	19	14
Interest ⓘ	13	14	13	12	12	11	9	5	4	8
Depreciation ⓘ	5	5	4	4	5	6	8	15	20	23
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	24	29	29	33	76	122	129	208	255	144
Tax ⓘ	7	11	12	14	29	47	31	54	66	34
Profit After Tax	16	18	17	19	47	75	98	154	189	110
PAT Margin (%)	3.6%	3.5%	3.2%	3.3%	6.3%	7.5%	10.3%	12.7%	13.0%	8.3%
Adjusted EPS (₹)	4.2	4.8	4.3	4.9	12.0	19.3	25.0	38.5	47.3	27.5
Dividend Payout Ratio (%)	6%	10%	13%	6%	9%	5%	4%	4%	4%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	68	84	99	116	157	228	321	528	714	816
Share Capital ⓘ	4	8	8	8	8	39	39	40	40	40
Reserves ⓘ	64	76	91	108	150	189	282	488	674	776
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	74	88	96	84	76	50	43	50	90	89
Long Term Debt	1	1	0	0	0	0	0	0	0	0
Short Term Debt	74	87	95	84	76	50	43	50	90	89
Trade Payables	124	126	92	97	178	235	212	196	246	187
Others Liabilities ⓘ	36	50	60	24	39	47	48	68	55	61
Total Liabilities ⓘ	302	347	347	321	450	560	625	842	1,105	1,152
Fixed Assets
Gross Block	74	84	87	89	102	113	166	218	292	305
Accumulated Depreciation	37	42	46	51	56	62	70	85	98	119
Net Fixed Assetsⓘ	37	41	41	38	46	51	95	133	193	186
CWIP ⓘ	1	0	3	0	1	16	38	10	14	42
Investmentsⓘ	0	0	0	0	0	0	4	10	2	1
Inventories	95	109	78	98	94	114	146	166	256	297
Trade Receivables	105	113	145	124	203	253	258	342	447	388
Cash Equivalents	8	14	16	10	12	21	3	98	123	119
Others Assetsⓘ	58	70	64	50	94	105	81	83	70	120
Total Assets ⓘ	302	347	347	321	450	560	625	842	1,105	1,152

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	28	17	16	30	52	88	54	60	98	123
PBT ⓘ	24	29	29	35	76	122	129	208	255	144
Adjustment ⓘ	17	19	16	23	15	16	10	25	27	19
Changes in Working Capital ⓘ	-5	-24	-18	-10	-22	-2	-45	-121	-111	-6
Tax Paid ⓘ	-8	-7	-11	-17	-17	-49	-40	-52	-73	-35
Cash Flow From Investing Activity ⓘ	-23	-23	-19	-6	-25	-37	-52	-41	-82	-100
Capex	-10	-9	-7	-5	-14	-26	-48	-24	-81	-61
Net Investments	0	0	0	-1	0	-1	-4	-18	-3	10
Others ⓘ	-13	-13	-12	0	-11	-11	0	2	2	-49
Cash Flow From Financing Activityⓘ	-4	12	5	-25	-26	-41	-20	62	-6	-18
Net Proceeds from Shares ⓘ	1	1	0	0	0	0	0	60	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	-12	-11	-10	-8	-5	-2	-7
Dividend Paid ⓘ	0	-3	-3	-1	-6	-4	-4	-6	-3	-8
Others ⓘ	-4	13	8	-12	-8	-27	-8	13	-2	-3
Net Cash Flow ⓘ	1	6	2	-1	1	9	-18	82	10	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	30.23	26.48	19.6	18.16	34.3	39.12	35.57	36.33	30.43	14.39
ROCE (%)	28.13	28.48	23.89	23.39	40.6	51.94	42.89	45.35	37.52	17.79
Asset Turnover Ratio	1.8	1.65	1.56	1.82	1.93	1.99	1.7	1.77	1.51	1.19
PAT to CFO Conversion(x)	1.75	0.94	0.94	1.58	1.11	1.17	0.55	0.39	0.52	1.12
Working Capital Days
Receivable Days	75	74	87	81	80	83	93	84	98	113
Inventory Days	63	69	63	53	47	38	47	44	52	75
Payable Days	104	122	107	82	100	108	128	96	87	89

Heranba Industries Ltd Stock News

Heranba Industries Ltd FAQs

What is the share price of Heranba Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Heranba Industries on 16-Apr-2024 16:01 is ₹325.0.

What is the market cap of Heranba Industries?

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 16-Apr-2024 16:01 the market cap of Heranba Industries stood at ₹1,298.8.

What is the P/E ratio of Heranba Industries?

The latest P/E ratio of Heranba Industries as of 16-Apr-2024 16:01 is 19.22.

What is the P/B ratio of Heranba Industries?

The latest P/B ratio of Heranba Industries as of 16-Apr-2024 16:01 is 1.50.

What is the 52-week high and low of Heranba Industries?

The 52-week high of Heranba Industries is ₹425.4 and the 52-week low is ₹281.8.

What is the TTM revenue of Heranba Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Heranba Industries is ₹1,272 ( Cr.) .

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.