Hindustan Organic Chemicals Ltd

Hind.Organ.Chem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Organic Chemicals Ltd

₹ 46.3 -1.84%
24 May - close price
hocl.gov.in / www.hoclindia.gov.in BSE: 500449
About

Incorporated in 1960, Hindustan Organic Chemicals Ltd is in the business of bulk industrial chemicals and chemical intermediates[1]

Key Points

Business Overview:[1][2]
HOCL was set up as a Government of India enterprise (government holds ~ 58.78% equity stake) under the administrative control of Ministry of Chemicals and Fertilizers. It is the 2nd largest producer of Phenol and Acetone
in India. Company manufactures Hydrogen Peroxide. The raw materials used by HOCL are Benzene and LPG, which come from petroleum refineries. Currently, 500+ units based on HOC’s products are setup across India. It also produces versatile engineering plastic polytetrafluoroethylene (PTFE) through its subsidiary viz. Hindustan Flurocarbons Limited (HFL)

Website BSE
  • Market Cap ₹ 311 Cr.
  • Current Price ₹ 46.3
  • High / Low ₹ 66.0 / 21.2
  • Stock P/E
  • Book Value ₹ 1.67
  • Dividend Yield 0.00 %
  • ROCE 1.47 %
  • ROE -580 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 27.8 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -140% over last 3 years.
  • Contingent liabilities of Rs.735 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.16.7 Cr.

* 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: Chemicals

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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
110 17 118 102 196 124 139 174 194 145 189 187 183
88 36 117 111 167 124 155 172 177 154 177 190 183
Operating Profit 22 -19 1 -9 30 0 -16 1 16 -9 12 -3 -1
OPM % 20% -115% 1% -9% 15% 0% -11% 1% 8% -6% 6% -2% -0%
5 3 2 2 24 2 8 3 -1 3 4 3 6
Interest 13 13 13 13 18 16 13 17 17 17 17 18 17
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 14 -29 -10 -20 36 -14 -21 -13 -2 -23 -2 -18 -12
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
14 -29 -10 -20 36 -14 -21 -13 -2 -23 -2 -18 -12
EPS in Rs 2.05 -4.36 -1.45 -2.98 5.33 -2.08 -3.08 -1.98 -0.35 -3.45 -0.29 -2.68 -1.81
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
549 209 149 108 142 239 464 294 404 434 631 704
642 332 272 222 302 428 441 353 353 425 625 705
Operating Profit -93 -124 -123 -115 -160 -190 23 -59 51 9 6 -1
OPM % -17% -59% -83% -106% -112% -80% 5% -20% 13% 2% 1% -0%
6 7 -33 15 6 66 115 22 20 31 12 17
Interest 28 43 51 66 95 75 66 56 53 66 67 70
Depreciation 22 17 9 9 7 4 2 1 1 1 1 1
Profit before tax -138 -177 -215 -174 -256 -203 71 -95 16 -26 -50 -55
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-138 -177 -215 -174 -256 -203 71 -95 16 -26 -50 -55
EPS in Rs -20.54 -26.33 -32.08 -25.89 -38.05 -30.29 10.55 -14.11 2.38 -3.90 -7.48 -8.24
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 20%
TTM: 11%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: %
TTM: -10%
Stock Price CAGR
10 Years: 8%
5 Years: 13%
3 Years: 6%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: -98%
3 Years: -140%
Last Year: -580%

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 67 67 67 67 67 67 67 67 67 67 67 67
Reserves -468 -647 -871 -1,048 80 -20 59 -38 -7 -17 -59 -56
Preference Capital 270 270 270 270 0 0 0 0 0 0 0
253 280 402 412 596 602 602 516 429 1,127 1,183 742
560 647 698 813 1,065 981 793 798 908 281 290 816
Total Liabilities 412 347 296 243 1,807 1,631 1,521 1,342 1,397 1,458 1,481 1,569
157 133 117 101 1,637 102 120 126 136 155 165 226
CWIP 39 37 11 4 4 0 0 0 0 0 0 0
Investments 11 11 9 9 9 11 11 3 8 11 10 18
205 166 160 129 158 1,518 1,390 1,213 1,253 1,293 1,307 1,326
Total Assets 412 347 296 243 1,807 1,631 1,521 1,342 1,397 1,458 1,481 1,569

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
-5 -13 -113 47 64 -342 -157 -82 18 12 26 -66
-16 12 5 -1 1 343 112 164 7 9 7 56
11 -0 85 -46 -63 71 -0 -90 -16 -33 -10 6
Net Cash Flow -10 -1 -23 0 1 73 -45 -8 9 -13 23 -4

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 20 16 54 22 13 7 14 10 2 6 10 10
Inventory Days 57 147 222 263 368 180 70 94 99 109 44 51
Days Payable 85 342 444 972 1,179 520 135 67 30 57 34 50
Cash Conversion Cycle -8 -178 -168 -687 -798 -333 -51 37 72 58 21 10
Working Capital Days -68 -416 -656 -1,443 -2,455 886 518 507 276 558 334 240
ROCE % -59% -287% -72% -19% 15% -6% 13% 5% 1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78% 58.78%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
41.21% 41.21% 41.21% 41.21% 41.21% 41.21% 41.20% 41.22% 41.20% 41.19% 41.22% 41.20%
No. of Shareholders 50,49249,51948,82149,12849,07948,41948,26547,99447,62847,22949,50353,784

* 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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