Hemang Resources Ltd
₹ 17.2
-1.99%
27 Apr
- close price
About
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.[1]
Key Points
- Market Cap ₹ 22.8 Cr.
- Current Price ₹ 17.2
- High / Low ₹ 28.8 / 9.00
- Stock P/E 25.0
- 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 0.87 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: | 7% |
| 5 Years: | 23% |
| 3 Years: | -26% |
| 1 Year: | -31% |
| 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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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Certificate under Regulation-74(5) of Securities Exchange Board of India (Depositories and Participants) Regulation, 2018 for the Quarter ended on 31st March, 2026.
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Announcement Under Regulation -30-Reply To Clarification On Price Movement Sought By BSE Limited.
9 Apr - Company clarifies recent share price movement is market-driven, with no undisclosed events.
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Clarification sought from Hemang Resources Ltd
8 Apr - Exchange has sought clarification from Hemang Resources Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors …
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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.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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.