Hemang Resources Ltd

Hemang Resources Ltd

₹ 23.4 3.58%
22 Aug - close price
About

Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.[1]

Key Points

Business Overview:[1]
HRL, part of the Bhatia Group (Indore), was earlier engaged in asset financing but later surrendered its NBFC license to enter coal trading, sourcing from Indonesia and South Africa for domestic clients. It also traded in commodities like sand and soybeans (now discontinued) and currently focuses on stock-and-sale business catering mainly to small corporations and dealers. Currently, the company trades in all types of Coal, Stevedoring, Logistic services, & Trading in land.

  • Market Cap 30.9 Cr.
  • Current Price 23.4
  • High / Low 36.5 / 20.0
  • Stock P/E 24.2
  • Book Value 20.1
  • Dividend Yield 0.00 %
  • ROCE 3.13 %
  • ROE 2.10 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.17 times its book value

Cons

  • Company has a low return on equity of 9.17% over last 3 years.
  • Contingent liabilities of Rs.182 Cr.
  • Earnings include an other income of Rs.1.73 Cr.
  • Company has high debtors of 1,065 days.
  • Working capital days have increased from 473 days to 1,129 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.

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
68.81 86.72 11.46 38.07 24.46 5.37 0.38 6.91 0.31 0.96 0.00 7.53 1.24
63.90 83.67 10.64 36.87 36.21 7.92 1.43 6.97 0.51 1.29 0.19 6.91 1.47
Operating Profit 4.91 3.05 0.82 1.20 -11.75 -2.55 -1.05 -0.06 -0.20 -0.33 -0.19 0.62 -0.23
OPM % 7.14% 3.52% 7.16% 3.15% -48.04% -47.49% -276.32% -0.87% -64.52% -34.38% 8.23% -18.55%
0.01 0.08 0.01 1.03 0.10 1.83 0.00 10.25 0.00 0.01 0.48 0.47 0.77
Interest 0.01 0.01 0.01 0.11 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 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
Profit before tax 4.91 3.12 0.82 2.12 -11.66 -0.73 -1.05 10.19 -0.20 -0.32 0.29 1.09 0.54
Tax % 0.00% 0.00% 0.00% 169.34% 0.00% 0.00% 0.00% -21.30% 0.00% 0.00% 0.00% 29.36% 0.00%
4.91 3.12 0.82 -1.47 -11.66 -0.73 -1.05 12.35 -0.20 -0.32 0.29 0.77 0.54
EPS in Rs 3.72 2.36 0.62 -1.11 -8.83 -0.55 -0.80 9.36 -0.15 -0.24 0.22 0.58 0.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
300.91 627.79 435.17 249.60 125.76 37.04 1.35 0.10 65.83 205.05 37.12 8.80 9.73
290.92 613.80 426.17 245.55 141.66 51.50 21.04 19.64 50.21 195.07 52.54 8.89 9.86
Operating Profit 9.99 13.99 9.00 4.05 -15.90 -14.46 -19.69 -19.54 15.62 9.98 -15.42 -0.09 -0.13
OPM % 3.32% 2.23% 2.07% 1.62% -12.64% -39.04% -1,458.52% -19,540.00% 23.73% 4.87% -41.54% -1.02% -1.34%
3.08 2.14 3.57 4.77 8.19 0.47 13.71 13.49 12.86 1.13 12.18 0.96 1.73
Interest 9.79 7.55 10.77 10.27 9.46 2.36 0.24 0.47 0.27 0.13 0.01 0.00 0.00
Depreciation 0.00 0.00 0.01 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.00
Profit before tax 3.28 8.58 1.79 -1.47 -17.19 -16.37 -6.24 -6.54 28.20 10.97 -3.26 0.86 1.60
Tax % 36.89% 32.87% 27.93% -32.65% -31.06% -25.96% -22.92% -22.94% 30.78% 32.73% -66.56% 37.21%
2.08 5.75 1.29 -0.99 -11.85 -12.12 -4.81 -5.04 19.52 7.38 -1.09 0.54 1.28
EPS in Rs 1.58 4.36 0.98 -0.75 -8.98 -9.18 -3.64 -3.82 14.79 5.59 -0.83 0.41 0.97
Dividend Payout % 31.73% 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: -35%
5 Years: 45%
3 Years: -49%
TTM: -25%
Compounded Profit Growth
10 Years: -21%
5 Years: 16%
3 Years: -70%
TTM: -88%
Stock Price CAGR
10 Years: 9%
5 Years: %
3 Years: -18%
1 Year: -24%
Return on Equity
10 Years: -4%
5 Years: 25%
3 Years: 9%
Last Year: 2%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 13.20 13.20 13.20 13.20 13.20 13.20 13.20 13.20 13.20 13.20 13.20 13.20
Reserves 14.37 19.93 21.22 20.23 8.38 -3.74 -8.55 -13.59 5.93 13.31 12.22 12.76
70.34 35.49 18.40 36.10 32.55 41.01 32.59 21.59 3.39 3.39 1.86 1.72
43.23 163.27 164.85 85.36 75.69 50.74 37.40 42.75 49.91 40.73 31.36 27.89
Total Liabilities 141.14 231.89 217.67 154.89 129.82 101.21 74.64 63.95 72.43 70.63 58.64 55.57
0.00 0.04 0.06 0.20 0.18 0.17 0.15 0.14 0.13 0.12 0.11 0.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 1.11 0.86 0.09 0.12 0.17 0.17 0.24 0.27 0.30 0.35 0.40 0.18
140.03 230.99 217.52 154.57 129.47 100.87 74.25 63.54 72.00 70.16 58.13 55.28
Total Assets 141.14 231.89 217.67 154.89 129.82 101.21 74.64 63.95 72.43 70.63 58.64 55.57

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
34.94 26.30 19.19 -12.48 8.44 -16.21 9.36 11.28 15.91 -0.18 0.84 0.63
6.85 -4.54 3.36 -4.60 3.51 10.06 -0.49 0.17 1.95 -0.09 0.63 -0.01
-22.80 -41.88 -26.50 16.67 -12.02 6.45 -8.53 -11.24 -21.80 0.00 -1.53 -0.15
Net Cash Flow 18.99 -20.11 -3.94 -0.40 -0.08 0.30 0.34 0.20 -3.94 -0.27 -0.06 0.48

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 93.11 98.14 130.55 132.22 186.74 491.53 7,878.59 84,753.00 206.48 70.81 217.80 1,064.72
Inventory Days 30.23 18.45 21.44 34.66 75.93 151.25 4,672.00 2,555.00 145.41 33.06 165.90 1,166.40
Days Payable 36.25 92.65 140.30 112.49 177.06 386.13 8,423.57 5,143.72 273.73 48.92 150.30 1,310.53
Cash Conversion Cycle 87.09 23.94 11.70 54.40 85.60 256.65 4,127.03 82,164.28 78.16 54.96 233.40 920.59
Working Capital Days 2.78 13.01 22.93 13.26 -4.99 -158.75 -3,568.89 -41,391.00 117.10 50.36 240.22 1,129.01
ROCE % 12.35% 19.37% 20.69% 14.38% -12.50% -26.79% -13.68% -20.77% 130.24% 42.35% -11.37% 3.13%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
63.66% 63.66% 63.66% 63.66% 63.66% 63.66% 67.23% 63.66% 63.66% 63.66% 63.66% 63.65%
36.35% 36.35% 36.34% 36.33% 36.34% 36.34% 32.76% 36.35% 36.34% 36.35% 36.35% 36.35%
No. of Shareholders 2,8964,5875,9925,6575,3515,2165,4505,2955,0975,0505,0134,952

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