Hindustan Organic Chemicals Ltd

₹ 36.9 -0.51%

11 Sep - 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 ₹ 248 Cr.
Current Price ₹ 36.9
High / Low ₹ 46.6 / 21.0
Stock P/E
Book Value ₹ 163
Dividend Yield 0.00 %
ROCE -0.02 %
ROE -1.79 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.23 times its book value
Company's median sales growth is 21.5% of last 10 years

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 7.28% over past five years.
Company has a low return on equity of -11.4% over last 3 years.
Contingent liabilities of Rs.99.4 Cr.
Earnings include an other income of Rs.18.0 Cr.
Working capital days have increased from 307 days to 505 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	145.46	188.73	186.82	182.87	59.36	174.72	165.16	136.62	163.89	126.27	147.24	136.36	96.00
	154.43	177.06	189.97	183.42	82.88	174.67	191.06	173.36	177.31	143.45	150.87	119.70	91.15
Operating Profit	-8.97	11.67	-3.15	-0.55	-23.52	0.05	-25.90	-36.74	-13.42	-17.18	-3.63	16.66	4.85
OPM %	-6.17%	6.18%	-1.69%	-0.30%	-39.62%	0.03%	-15.68%	-26.89%	-8.19%	-13.61%	-2.47%	12.22%	5.05%
	3.05	4.18	3.18	6.28	4.38	4.75	-34.14	550.50	12.34	4.78	5.31	3.64	4.29
Interest	16.97	17.45	17.68	17.48	16.05	18.15	18.26	-9.60	4.98	5.26	5.13	5.05	4.95
Depreciation	0.31	0.36	0.37	0.39	0.38	0.45	0.46	0.35	0.44	0.48	0.52	0.50	0.49
Profit before tax	-23.20	-1.96	-18.02	-12.14	-35.57	-13.80	-78.76	523.01	-6.50	-18.14	-3.97	14.75	3.70
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%	0.00%	0.00%	0.00%	-6.58%	0.00%
	-23.20	-1.96	-18.02	-12.14	-35.56	-13.80	-78.77	519.68	-6.50	-18.14	-3.97	15.71	3.69
EPS in Rs	-3.45	-0.29	-2.68	-1.81	-5.29	-2.05	-11.73	77.36	-0.97	-2.70	-0.59	2.34	0.55
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	149	108	142	239	464	294	404	434	631	704	536	574	506
	272	222	302	428	441	353	353	425	625	705	622	591	505
Operating Profit	-123	-115	-160	-190	23	-59	51	9	6	-1	-86	-18	1
OPM %	-83%	-106%	-112%	-80%	5%	-20%	13%	2.1%	1.0%	-0.1%	-16%	-3.1%	0.1%
	-33	15	6	66	115	22	20	31	12	17	526	26	18
Interest	51	66	95	75	66	56	53	66	67	70	43	20	20
Depreciation	9	9	7	4	2	1	1	1	1	1	2	2	2
Profit before tax	-215	-174	-256	-203	71	-95	16	-26	-50	-55	395	-14	-4
Tax %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	1%	-7%
	-215	-174	-256	-203	71	-95	16	-26	-50	-55	392	-13	-3
EPS in Rs	-32.08	-25.89	-38.05	-30.29	10.55	-14.11	2.38	-3.90	-7.48	-8.24	58.29	-1.92	-0.40
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	7%
3 Years:	-3%
TTM:	-21%

Compounded Profit Growth
10 Years:	7%
5 Years:	%
3 Years:	17%
TTM:	97%

Stock Price CAGR
10 Years:	8%
5 Years:	-2%
3 Years:	6%
1 Year:	-3%

Return on Equity
10 Years:	%
5 Years:	-15%
3 Years:	-11%
Last Year:	-2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	67	67	67	67	67	67	67	67	67	67	67	67
Reserves	-871	-1,048	80	-20	59	-38	-7	-17	-60	-56	1,038	1,029
	672	682	596	602	602	516	429	1,127	1,186	1,262	115	194
	428	543	1,065	981	793	798	908	281	272	299	336	258
Total Liabilities	296	243	1,807	1,631	1,521	1,342	1,397	1,458	1,465	1,572	1,555	1,548
	117	101	1,637	102	120	126	136	155	165	226	227	231
CWIP	11	4	4	0	0	0	0	0	0	0	4	1
Investments	9	9	9	11	11	3	8	11	10	18	14	24
	160	129	158	1,518	1,390	1,213	1,253	1,293	1,290	1,328	1,310	1,292
Total Assets	296	243	1,807	1,631	1,521	1,342	1,397	1,458	1,465	1,572	1,555	1,548

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-113	47	64	-342	-157	-82	18	12	-13	-66	631	-70
	5	-1	1	343	112	164	7	9	7	56	10	12
	85	-46	-63	71	-0	-90	-16	-33	-10	6	-642	58
Net Cash Flow	-23	0	1	73	-45	-8	9	-13	-16	-4	-1	-0
Free Cash Flow	-109	45	64	0	-49	74	18	11	-14	-67	624	-72
CFO/OP	92%	-41%	-40%	180%	-668%	139%	35%	128%	-203%	6,570%	-733%	401%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54	22	13	7	14	10	2	6	10	10	10	5
Inventory Days	222	263	368	180	70	94	99	109	44	53	52	44
Days Payable	444	972	1,179	520	135	67	30	57	34	50	42	14
Cash Conversion Cycle	-168	-687	-798	-333	-51	37	72	58	21	12	20	35
Working Capital Days	-786	-1,579	-3,255	473	306	171	32	-50	-93	-142	558	505
ROCE %			-72%	-19%	15%	-6%	13%	5%	1%	1%	-5%	-0%

Insights

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Mar 2018

Mar 2019

Mar 2020

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Mar 2022

Mar 2023

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Mar 2025

Acetone Production
MT

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x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx
x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
			xx	xx	xx	xx	xx	xxx	xx
						xx	xx	xxx	xx

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Hydrogen Peroxide Production
MT

Phenol Production
MT

Phenol Plant Capacity Utilization
%

Hydrogen Peroxide Plant Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	41.19%	41.22%	41.20%	41.22%	41.20%	41.21%	41.20%	41.21%	41.20%	41.21%	41.20%	40.80%
No. of Shareholders	47,229	49,503	53,784	56,879	60,134	59,953	61,922	62,163	61,587	61,381	60,539	59,322

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.41%
	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	41.20%	41.21%	41.21%	41.21%	41.21%	41.21%	41.21%	41.22%	41.20%	41.20%	41.20%	40.80%
No. of Shareholders	53,061	52,381	50,468	49,404	48,598	48,179	49,128	47,994	53,784	61,922	60,539	59,322

* 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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Hindustan Organic Chemicals Ltd

Hindustan Organic Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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