Hipolin Ltd

Hipolin Ltd

₹ 153 3.70%
23 Apr 1:44 p.m.
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 47.8 Cr.
  • Current Price 153
  • High / Low 169 / 61.5
  • Stock P/E
  • Book Value 37.0
  • Dividend Yield 0.00 %
  • ROCE -9.44 %
  • ROE -11.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.16 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.63% over past five years.
  • Company has a low return on equity of -12.3% over last 3 years.
  • Promoters have pledged 25.4% of their holding.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.58 3.32 3.06 2.58 3.06 3.52 3.78 3.26 4.23 4.29 4.42 4.10 5.36
2.84 3.35 3.29 2.87 3.29 3.86 4.21 3.63 4.41 4.51 4.84 4.61 5.41
Operating Profit -0.26 -0.03 -0.23 -0.29 -0.23 -0.34 -0.43 -0.37 -0.18 -0.22 -0.42 -0.51 -0.05
OPM % -10.08% -0.90% -7.52% -11.24% -7.52% -9.66% -11.38% -11.35% -4.26% -5.13% -9.50% -12.44% -0.93%
0.07 0.07 0.06 0.06 0.06 0.05 8.58 0.13 0.14 0.10 0.08 0.20 0.10
Interest 0.01 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02
Depreciation 0.05 0.05 0.03 0.01 0.01 0.00 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Profit before tax -0.25 -0.03 -0.22 -0.25 -0.19 -0.30 8.12 -0.27 -0.07 -0.15 -0.38 -0.35 0.01
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%
-0.26 -0.03 -0.22 -0.25 -0.19 -0.31 8.12 -0.26 -0.07 -0.16 -0.38 -0.35 0.01
EPS in Rs -0.83 -0.10 -0.70 -0.80 -0.61 -0.99 25.93 -0.83 -0.22 -0.51 -1.21 -1.12 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
35.06 32.36 28.58 20.69 15.38 13.24 16.89 16.60 13.89 11.12 12.22 15.56 18.17
34.81 31.59 28.68 20.78 15.73 13.80 17.67 17.16 13.98 11.68 13.31 16.76 19.37
Operating Profit 0.25 0.77 -0.10 -0.09 -0.35 -0.56 -0.78 -0.56 -0.09 -0.56 -1.09 -1.20 -1.20
OPM % 0.71% 2.38% -0.35% -0.43% -2.28% -4.23% -4.62% -3.37% -0.65% -5.04% -8.92% -7.71% -6.60%
0.37 0.19 0.64 0.31 0.27 0.14 0.13 0.15 0.73 0.29 0.24 8.95 0.48
Interest 0.51 0.63 0.47 0.30 0.17 0.10 0.05 0.03 0.02 0.04 0.06 0.05 0.07
Depreciation 0.30 0.28 0.29 0.38 0.36 0.31 0.25 0.29 0.27 0.21 0.06 0.08 0.08
Profit before tax -0.19 0.05 -0.22 -0.46 -0.61 -0.83 -0.95 -0.73 0.35 -0.52 -0.97 7.62 -0.87
Tax % -21.05% -360.00% -13.64% 26.09% 3.28% 27.71% 0.00% 0.00% 34.29% 0.00% 0.00% 0.00%
-0.22 0.23 -0.26 -0.34 -0.59 -0.60 -0.95 -0.72 0.24 -0.52 -0.97 7.63 -0.88
EPS in Rs -0.70 0.73 -0.83 -1.09 -1.88 -1.92 -3.03 -2.30 0.77 -1.66 -3.10 24.37 -2.81
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: -7%
5 Years: -2%
3 Years: 4%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: %
TTM: 19%
Stock Price CAGR
10 Years: 16%
5 Years: 44%
3 Years: 61%
1 Year: 109%
Return on Equity
10 Years: -8%
5 Years: -10%
3 Years: -12%
Last Year: -11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
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 6.04 6.27 6.01 5.67 5.08 4.48 3.53 2.80 3.04 2.53 1.55 9.18 8.45
4.89 5.60 4.06 2.14 1.47 0.99 0.41 0.31 0.02 1.56 1.10 0.76 1.20
5.04 1.91 1.50 1.29 0.87 0.92 1.91 1.52 1.20 1.42 4.79 1.79 2.06
Total Liabilities 19.10 16.91 14.70 12.23 10.55 9.52 8.98 7.76 7.39 8.64 10.57 14.86 14.84
2.83 2.53 2.53 2.63 2.43 2.12 2.05 1.79 1.41 1.21 0.38 0.95 0.99
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.00 0.00
Investments 0.72 0.72 0.70 0.60 0.58 0.29 0.23 0.21 0.25 0.17 3.38 7.49 7.49
15.55 13.66 11.47 9.00 7.54 7.11 6.70 5.76 5.73 7.26 6.56 6.42 6.36
Total Assets 19.10 16.91 14.70 12.23 10.55 9.52 8.98 7.76 7.39 8.64 10.57 14.86 14.84

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.56 0.89 0.78 2.22 0.83 0.65 0.12 0.08 -0.53 -1.26 3.20 -5.03
0.44 -0.43 -0.78 -0.86 -0.06 0.39 -0.02 0.14 0.79 -0.56 -2.59 5.33
-0.85 0.70 -1.54 -1.92 -0.84 -0.52 -0.61 -0.13 -0.05 1.51 -0.52 -0.39
Net Cash Flow 0.15 1.16 -1.54 -0.55 -0.06 0.52 -0.50 0.09 0.22 -0.31 0.09 -0.09

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 98.80 68.92 79.18 75.51 40.58 51.83 47.11 40.24 27.33 66.63 47.49 46.92
Inventory Days 24.37 27.95 24.32 28.17 21.57 27.02 50.33 46.85 60.83 59.72 22.90 39.52
Days Payable 56.22 14.86 12.75 17.67 11.61 24.02 59.17 41.55 35.32 57.48 26.04 43.11
Cash Conversion Cycle 66.95 82.02 90.76 86.01 50.54 54.83 38.27 45.53 52.84 68.86 44.35 43.32
Working Capital Days 109.83 109.97 110.60 120.49 53.40 53.48 36.95 34.74 34.42 56.13 -75.27 38.71
ROCE % 0.80% 4.68% 1.70% -1.24% -4.46% -8.10% -11.61% -10.52% -2.57% -7.01% -14.00% -9.44%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.23% 68.23% 73.73% 73.73% 73.73% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72% 73.72%
31.77% 31.77% 26.27% 26.27% 26.27% 26.27% 26.28% 26.27% 26.27% 26.28% 26.29% 26.26%
No. of Shareholders 2,0692,0532,0162,0092,0162,0362,0592,0922,2232,2232,2372,229

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