Hipolin Ltd

Hipolin Ltd

₹ 125 -3.02%
22 Nov - close price
About

Incorporated in 1970, Hipolin Ltd is a manufacturer of Detergent Powder & Cake[1]

Key Points

Product Profile:[1]
a) Hipolin Detergent Powder in jars
and packets
b) Hipolin Active Detergent Powder
c) Hipolin Yellow Washing Powder
d) Hipolin Active Detergent Bar
e) Hipolin Power Detergent Bar
f) Hipolin Sampurna Iodized Salt
g) Hipolin Shine Dishwash Bars
and Tubs
h) Hipolin Liquid Blue Tinopal
i) Mapic Dishwash Powder

  • Market Cap 39.2 Cr.
  • Current Price 125
  • High / Low 169 / 83.5
  • Stock P/E
  • Book Value 35.4
  • Dividend Yield 0.00 %
  • ROCE -5.95 %
  • ROE -7.50 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.53 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -10.9% over last 3 years.
  • Promoters have pledged 39.0% of their holding.
  • Debtor days have increased from 53.6 to 66.4 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: FMCG Industry: Detergents / Intermediates

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2.58 3.06 3.52 3.78 3.26 4.23 4.29 4.42 4.10 5.36 5.85 6.61 5.52
2.87 3.29 3.86 4.21 3.63 4.41 4.51 4.84 4.61 5.41 6.06 6.59 5.95
Operating Profit -0.29 -0.23 -0.34 -0.43 -0.37 -0.18 -0.22 -0.42 -0.51 -0.05 -0.21 0.02 -0.43
OPM % -11.24% -7.52% -9.66% -11.38% -11.35% -4.26% -5.13% -9.50% -12.44% -0.93% -3.59% 0.30% -7.79%
0.06 0.06 0.05 8.58 0.13 0.14 0.10 0.08 0.20 0.10 0.10 0.09 0.11
Interest 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.04 0.04
Depreciation 0.01 0.01 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax -0.25 -0.19 -0.30 8.12 -0.27 -0.07 -0.15 -0.38 -0.35 0.01 -0.16 0.05 -0.38
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.25 -0.19 -0.31 8.12 -0.26 -0.07 -0.16 -0.38 -0.35 0.01 -0.16 0.05 -0.38
EPS in Rs -0.80 -0.61 -0.99 25.93 -0.83 -0.22 -0.51 -1.21 -1.12 0.03 -0.51 0.16 -1.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
32.36 28.58 20.69 15.38 13.24 16.89 16.60 13.89 11.12 12.22 15.56 19.73 23.34
31.59 28.68 20.78 15.73 13.80 17.67 17.16 13.98 11.68 13.31 16.76 20.91 24.01
Operating Profit 0.77 -0.10 -0.09 -0.35 -0.56 -0.78 -0.56 -0.09 -0.56 -1.09 -1.20 -1.18 -0.67
OPM % 2.38% -0.35% -0.43% -2.28% -4.23% -4.62% -3.37% -0.65% -5.04% -8.92% -7.71% -5.98% -2.87%
0.19 0.64 0.31 0.27 0.14 0.13 0.15 0.73 0.29 0.24 8.95 0.48 0.40
Interest 0.63 0.47 0.30 0.17 0.10 0.05 0.03 0.02 0.04 0.06 0.05 0.09 0.13
Depreciation 0.28 0.29 0.38 0.36 0.31 0.25 0.29 0.27 0.21 0.06 0.08 0.09 0.08
Profit before tax 0.05 -0.22 -0.46 -0.61 -0.83 -0.95 -0.73 0.35 -0.52 -0.97 7.62 -0.88 -0.48
Tax % -360.00% 13.64% -26.09% -3.28% -27.71% 0.00% 0.00% 34.29% 0.00% 0.00% 0.00% 0.00%
0.23 -0.26 -0.34 -0.59 -0.60 -0.95 -0.72 0.24 -0.52 -0.97 7.63 -0.89 -0.48
EPS in Rs 0.73 -0.83 -1.09 -1.88 -1.92 -3.03 -2.30 0.77 -1.66 -3.10 24.37 -2.84 -1.53
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: 4%
3 Years: 21%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: -37%
TTM: 52%
Stock Price CAGR
10 Years: 11%
5 Years: 38%
3 Years: 34%
1 Year: 33%
Return on Equity
10 Years: -9%
5 Years: -9%
3 Years: -11%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13
Reserves 6.27 6.01 5.67 5.08 4.48 3.53 2.80 3.04 2.53 1.55 9.18 8.29 7.96
5.60 4.06 2.14 1.47 0.99 0.41 0.31 0.02 1.56 1.10 0.76 2.08 2.17
1.91 1.50 1.29 0.87 0.92 1.91 1.52 1.20 1.42 4.79 1.79 2.78 2.89
Total Liabilities 16.91 14.70 12.23 10.55 9.52 8.98 7.76 7.39 8.64 10.57 14.86 16.28 16.15
2.53 2.53 2.63 2.43 2.12 2.05 1.79 1.41 1.21 0.38 0.95 0.96 0.94
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00
Investments 0.72 0.70 0.60 0.58 0.29 0.23 0.21 0.25 0.17 3.38 7.49 7.29 4.90
13.66 11.47 9.00 7.54 7.11 6.70 5.76 5.73 7.26 6.56 6.42 8.03 10.31
Total Assets 16.91 14.70 12.23 10.55 9.52 8.98 7.76 7.39 8.64 10.57 14.86 16.28 16.15

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.89 0.78 2.22 0.83 0.65 0.12 0.08 -0.53 -1.26 3.20 -5.03 -1.61
-0.43 -0.78 -0.86 -0.06 0.39 -0.02 0.14 0.79 -0.56 -2.59 5.33 0.44
0.70 -1.54 -1.92 -0.84 -0.52 -0.61 -0.13 -0.05 1.51 -0.52 -0.39 1.23
Net Cash Flow 1.16 -1.54 -0.55 -0.06 0.52 -0.50 0.09 0.22 -0.31 0.09 -0.09 0.06

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68.92 79.18 75.51 40.58 51.83 47.11 40.24 27.33 66.63 47.49 46.92 66.41
Inventory Days 27.95 24.32 28.17 21.57 27.02 50.33 46.85 60.83 59.72 22.90 39.52 38.08
Days Payable 14.86 12.75 17.67 11.61 24.02 59.17 41.55 35.32 57.48 26.04 43.11 69.16
Cash Conversion Cycle 82.02 90.76 86.01 50.54 54.83 38.27 45.53 52.84 68.86 44.35 43.32 35.34
Working Capital Days 109.97 110.60 120.49 53.40 53.48 36.95 34.74 34.42 56.13 -75.27 38.71 41.25
ROCE % 4.68% 1.70% -1.24% -4.46% -8.10% -11.61% -10.52% -2.57% -7.01% -14.00% -9.44% -5.95%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.73% 73.73% 73.73% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.14% 72.87%
26.27% 26.27% 26.27% 26.27% 26.28% 26.27% 26.27% 26.28% 26.29% 26.26% 26.86% 27.12%
No. of Shareholders 2,0162,0092,0162,0362,0592,0922,2232,2232,2372,2292,2672,324

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