Hemang Resources Ltd
₹ 9.99
10.39%
01 Apr
- close price
About
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.[1]
Key Points
- Market Cap ₹ 13.2 Cr.
- Current Price ₹ 9.99
- High / Low ₹ 28.8 / 9.00
- Stock P/E 14.5
- Book Value ₹ 19.8
- Dividend Yield 0.00 %
- ROCE 3.13 %
- ROE 2.10 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.51 times its book value
Cons
- Company has a low return on equity of 9.17% over last 3 years.
- Contingent liabilities of Rs.215 Cr.
- Earnings include an other income of Rs.1.27 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.
Peer comparison
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Quarterly Results
Figures in Rs. Crores
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 | 8.77 | |
| 290.92 | 613.80 | 426.17 | 245.55 | 141.66 | 51.50 | 21.04 | 19.64 | 50.21 | 195.07 | 52.54 | 8.89 | 8.81 | |
| 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 | -0.04 |
| 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% | -0.46% |
| 3.08 | 2.14 | 3.57 | 4.77 | 8.19 | 0.47 | 13.71 | 13.49 | 12.86 | 1.13 | 12.18 | 0.96 | 1.27 | |
| 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 | 1.23 |
| 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 | 0.91 | |
| 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 | 0.68 |
| 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: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -21% |
| 5 Years: | 16% |
| 3 Years: | -70% |
| TTM: | -92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 11% |
| 3 Years: | -40% |
| 1 Year: | -63% |
| 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 | Sep 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 | 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 | 13.08 |
| 70.34 | 35.49 | 18.40 | 36.10 | 32.55 | 41.01 | 32.59 | 21.59 | 3.39 | 3.39 | 1.86 | 1.71 | 1.72 | |
| 43.23 | 163.27 | 164.85 | 85.36 | 75.69 | 50.74 | 37.40 | 42.75 | 49.91 | 40.73 | 27.96 | 27.90 | 27.87 | |
| Total Liabilities | 141.14 | 231.89 | 217.67 | 154.89 | 129.82 | 101.21 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 55.87 |
| 0.00 | 0.04 | 0.06 | 0.20 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.10 | |
| 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 | 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 | 0.00 |
| 140.03 | 230.99 | 217.52 | 154.57 | 129.47 | 100.87 | 74.25 | 63.54 | 72.00 | 70.16 | 54.73 | 55.28 | 55.77 | |
| Total Assets | 141.14 | 231.89 | 217.67 | 154.89 | 129.82 | 101.21 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 55.87 |
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 |
| Free Cash Flow | 34.94 | 26.26 | 19.16 | -12.55 | 8.44 | -16.21 | 9.36 | 11.28 | 15.90 | -0.18 | 0.84 | 0.63 |
| CFO/OP | 350% | 188% | 213% | -308% | -53% | 112% | -48% | -58% | 102% | -2% | -6% | -733% |
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 | 184.27 | 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 | 199.87 | 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 | 1,129.43 |
| 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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Infrastructure Assets - Land (Cost Basis) INR Lakhs |
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| Number of Permanent Employees Count |
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Documents
Announcements
-
Closure of Trading Window
27 Mar - Trading window closed from 01-Apr-2026 until 48 hours after audited results declaration.
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Board Meeting Outcome for Outcome Of Board Meeting To Be Held On 12Th March, 2026
12 Mar - Board approved redemption of 8,00,000 ₹100 pref shares (₹8.0 crore); authorised ₹75 lakh loan; dividend consideration pending.
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Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 12Th March, 2026
7 Mar - Board meeting 12 March 2026 to consider modification and redemption of 2% cumulative preference shares and dividend payment.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Feb - Newspaper cutting of published Unaudited Financial Results for the Quarter ended on 31st December, 2025
- Unaudited Standalone Financial Results Of The Company For The Quarter Ended December 31St, 2025. 12 Feb
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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.