Heranba Industries Ltd

Heranba Industries Ltd

₹ 351 -3.13%
28 Jun - close price
About

Incorporated in 1994, Heranba Industries Ltd is engaged in the manufacturing of a diverse range of agrochemicals such as insecticides, herbicides, fungicides and public health products for pest control. [1]

Key Points

Product Portfolio
Heranba is an agrochemical company in India. It manufactures Synthetic Pyrethroids and its intermediates in India. It has a portfolio of 370+ products comprising intermediates, technicals and formulations for insecticides, herbicides, fungicides, and public health products.

  • Market Cap 1,405 Cr.
  • Current Price 351
  • High / Low 426 / 278
  • Stock P/E 21.2
  • Book Value 219
  • Dividend Yield 0.36 %
  • ROCE 10.6 %
  • ROE 7.84 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 4.88% over past five years.
  • Dividend payout has been low at 5.44% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
268 351 353 395 350 362 423 280 259 282 430 302 261
210 287 292 324 288 316 357 255 236 280 383 273 242
Operating Profit 58 65 61 71 63 46 66 26 23 2 47 28 20
OPM % 22% 18% 17% 18% 18% 13% 16% 9% 9% 1% 11% 9% 8%
5 4 5 5 5 4 4 1 4 8 5 7 10
Interest 1 1 1 1 1 1 2 2 3 2 2 3 5
Depreciation 4 4 4 4 8 5 6 6 6 6 6 6 7
Profit before tax 58 64 61 71 58 44 63 18 18 2 44 26 18
Tax % 25% 26% 26% 25% 27% 24% 25% 22% 21% 26% 26% 26% 28%
43 47 46 53 43 34 48 14 14 2 33 19 13
EPS in Rs 10.80 11.84 11.40 13.37 10.64 8.42 11.92 3.60 3.58 0.38 8.12 4.80 3.28
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
514 582 741 1,004 951 1,219 1,450 1,324 1,275
470 534 653 873 822 997 1,190 1,163 1,178
Operating Profit 44 48 88 131 129 221 260 161 97
OPM % 9% 8% 12% 13% 14% 18% 18% 12% 8%
1 2 5 7 17 7 19 14 30
Interest 13 12 12 11 9 5 4 8 12
Depreciation 4 4 5 6 8 15 20 23 25
Profit before tax 28 35 76 122 129 208 255 144 90
Tax % 39% 41% 39% 38% 24% 26% 26% 24% 27%
17 20 47 75 98 154 189 110 66
EPS in Rs 21.61 26.01 60.02 19.31 25.00 38.54 47.25 27.52 16.58
Dividend Payout % 13% 10% 9% 5% 6% 4% 4% 5% 8%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 2%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: -3%
3 Years: -24%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -20%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 16%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 39 39 40 40 40 40
Reserves 91 108 150 189 282 488 674 776 837
96 84 76 50 43 52 91 93 144
130 120 217 282 261 263 302 250 378
Total Liabilities 325 321 450 560 625 843 1,108 1,159 1,399
37 38 46 51 95 133 193 186 240
CWIP 0 0 1 16 38 10 14 42 11
Investments 0 0 0 0 4 10 2 1 2
287 282 403 493 488 690 898 930 1,146
Total Assets 325 321 450 560 625 843 1,108 1,159 1,399

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
52 54 60 98 122 136
-25 -52 -41 -82 -100 -264
-26 -20 62 -6 -18 41
Net Cash Flow 1 -18 82 10 4 -87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 102 78 100 92 99 102 112 107 143
Inventory Days 76 86 68 60 83 78 100 122 100
Days Payable 96 84 129 123 122 92 96 77 117
Cash Conversion Cycle 83 79 39 29 61 89 116 152 125
Working Capital Days 98 89 76 58 83 96 116 131 118
ROCE % 24% 41% 52% 43% 45% 37% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.15% 74.61% 74.77% 74.77% 74.83% 74.87% 74.87% 74.90% 74.94% 74.95% 74.95% 74.95%
3.27% 2.64% 2.62% 2.62% 2.27% 2.04% 1.37% 0.00% 0.00% 0.00% 0.00% 0.00%
2.04% 1.58% 1.38% 1.57% 1.68% 1.45% 1.19% 1.21% 0.85% 0.29% 0.23% 0.23%
20.54% 21.17% 21.22% 21.03% 21.22% 21.63% 22.56% 23.89% 24.21% 24.76% 24.82% 24.83%
No. of Shareholders 97,15989,55792,12592,02994,39693,16693,33794,59693,08289,89588,22184,822

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls