Hindprakash Industries Ltd

Hindprakash Industries Ltd

₹ 158 -1.42%
02 Jul - close price
About

Incorporated in 2008, Hindprakash Industries
Ltd does manufacturing and trading of dyes, intermediates, auxiliary, chemicals and other merchandise, etc.[1]

Key Points

Business Overview:[1]
Company is a part of Hindprakash Group. It manufactures Dyestuffs, Dye Intermediate, Textile Chemicals, Auxiliaries, Adhesive, Paint Binders and Intermediates

  • Market Cap 164 Cr.
  • Current Price 158
  • High / Low 211 / 90.0
  • Stock P/E 107
  • Book Value 48.1
  • Dividend Yield 0.32 %
  • ROCE 7.02 %
  • ROE 3.37 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 32.2%

Cons

  • Stock is trading at 3.27 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.58% over past five years.
  • Company has a low return on equity of 5.50% 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.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
19.09 30.94 18.35 23.12 15.62 43.69 27.49 30.04 15.21 26.76
17.64 30.14 18.31 22.50 15.12 41.04 26.19 29.59 13.83 25.99
Operating Profit 1.45 0.80 0.04 0.62 0.50 2.65 1.30 0.45 1.38 0.77
OPM % 7.60% 2.59% 0.22% 2.68% 3.20% 6.07% 4.73% 1.50% 9.07% 2.88%
0.03 0.61 0.16 0.69 0.48 0.44 0.22 0.36 0.32 0.37
Interest 0.17 0.29 0.29 0.37 0.61 0.51 0.63 0.67 0.66 0.64
Depreciation 0.08 0.08 0.07 0.16 0.11 0.13 0.11 0.11 0.11 0.11
Profit before tax 1.23 1.04 -0.16 0.78 0.26 2.45 0.78 0.03 0.93 0.39
Tax % 22.76% 23.08% 6.25% 23.08% 26.92% 26.12% 26.92% 66.67% 24.73% 35.90%
0.96 0.81 -0.15 0.60 0.20 1.81 0.58 0.01 0.69 0.25
EPS in Rs 0.92 0.78 -0.14 0.58 0.19 1.74 0.56 0.01 0.66 0.24
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
43.76 57.91 82.24 83.47 86.11 87.32 96.66 105.02 90.08 103.61 100.79 99.50
42.48 54.32 77.02 79.12 81.40 82.54 92.49 100.39 87.13 99.91 96.96 95.60
Operating Profit 1.28 3.59 5.22 4.35 4.71 4.78 4.17 4.63 2.95 3.70 3.83 3.90
OPM % 2.93% 6.20% 6.35% 5.21% 5.47% 5.47% 4.31% 4.41% 3.27% 3.57% 3.80% 3.92%
0.00 0.01 0.02 0.01 0.00 0.13 1.35 1.59 1.50 1.20 1.76 1.26
Interest 0.00 1.39 1.77 1.33 1.30 1.21 1.27 1.26 1.06 0.92 1.79 2.60
Depreciation 0.00 0.06 0.12 0.14 0.16 0.19 0.20 0.20 0.17 0.31 0.47 0.44
Profit before tax 1.28 2.15 3.35 2.89 3.25 3.51 4.05 4.76 3.22 3.67 3.33 2.12
Tax % 33.59% 33.49% 34.03% 33.56% 33.85% 33.90% 29.14% 28.57% 25.16% 25.61% 26.13% 28.30%
0.84 1.44 2.21 1.92 2.14 2.32 2.86 3.40 2.41 2.73 2.46 1.53
EPS in Rs 7.64 6.68 10.25 8.91 9.93 10.76 3.79 3.26 2.31 2.62 2.36 1.47
Dividend Payout % 2.62% 3.00% 1.95% 1.12% 0.00% 0.47% 1.32% 30.65% 43.24% 38.17% 21.18% 37.32%
Compounded Sales Growth
10 Years: 6%
5 Years: 1%
3 Years: 3%
TTM: -1%
Compounded Profit Growth
10 Years: 1%
5 Years: -12%
3 Years: -14%
TTM: -38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 45%
1 Year: 64%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 6%
Last Year: 3%

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
Equity Capital 1.10 2.16 2.16 2.16 2.16 2.16 7.54 10.42 10.42 10.42 10.42 11.42
Reserves 4.16 6.00 8.16 10.06 12.22 14.53 11.96 23.96 26.08 27.87 30.13 38.76
7.64 10.56 14.85 8.96 10.88 11.44 15.25 5.61 9.76 9.16 21.41 22.35
8.53 13.93 10.82 7.34 9.41 3.03 13.38 16.56 9.55 8.19 17.98 12.17
Total Liabilities 21.43 32.65 35.99 28.52 34.67 31.16 48.13 56.55 55.81 55.64 79.94 84.70
2.15 2.77 2.70 3.30 3.37 3.31 10.97 11.05 11.61 10.82 15.45 15.14
CWIP 0.02 0.00 0.00 0.00 0.00 0.00 0.25 1.02 1.65 2.71 0.00 0.30
Investments 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.07 4.94 4.62
19.22 29.84 33.25 25.18 31.26 27.81 36.87 44.44 42.51 42.04 59.55 64.64
Total Assets 21.43 32.65 35.99 28.52 34.67 31.16 48.13 56.55 55.81 55.64 79.94 84.70

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
6.11 -0.43 0.67 -0.59 -1.11 -2.45 2.59 5.16 3.24
-0.73 -0.20 0.01 -7.16 0.74 0.15 0.53 -12.81 -8.22
-7.25 0.63 -0.65 7.72 0.45 2.20 -3.11 8.27 4.38
Net Cash Flow -1.88 0.00 0.03 -0.03 0.07 -0.09 0.01 0.62 -0.59

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 86.50 89.63 74.30 55.27 69.64 55.97 83.49 76.60 94.65 81.69 118.02 95.27
Inventory Days 58.19 47.55 41.35 47.46 45.75 43.47 52.32 65.61 60.21 63.54 79.37
Days Payable 92.57 50.51 31.43 39.72 11.43 31.98 38.34 16.25 11.82 58.12 45.01
Cash Conversion Cycle 86.50 55.24 71.33 65.19 77.38 90.29 94.98 90.58 144.01 130.09 123.44 129.62
Working Capital Days 86.66 89.75 91.78 78.80 93.80 104.46 106.90 113.41 151.58 131.93 134.79 137.89
ROCE % 10.64% 22.33% 23.33% 18.21% 19.60% 17.76% 16.92% 16.11% 9.92% 9.80% 9.36%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.37% 72.37% 72.37% 72.37% 74.85% 74.85% 74.85% 74.85% 74.85% 74.85% 74.66% 74.95%
27.63% 27.63% 27.62% 27.63% 25.15% 25.15% 25.16% 25.16% 25.16% 25.16% 25.35% 25.05%
No. of Shareholders 2092001901881972184861,3051,4422,4162,3032,721

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