Hemang Resources Ltd

Hemang Resources Ltd

₹ 35.4 1.78%
18 Jun - close price
About

Incorporated in 1993, Hemang Resources Limited is engaged in trading of all type of Coal, Stevedoring, Logistic services & Trading in land.

Key Points

Business Overview:[1]
Company (previously known as Bhatia Industries and Infrastructure Limited) is promoted by the Bhatia Group of Indore, and is involved in coal trading, where coal is imported from coalfields in Indonesia and South Africa and is sold to domestic companies. Company has been trading in coal as the main commodity, apart from commodities such as sand and soybean (which is now discontinued). Within the Bhatia Group, HRL is vested with the ‘stock and sale’ business with focus on catering to small corporate entities and dealers.

  • Market Cap 46.7 Cr.
  • Current Price 35.4
  • High / Low 49.4 / 29.6
  • Stock P/E
  • Book Value 19.3
  • Dividend Yield 0.00 %
  • ROCE -11.4 %
  • ROE -4.20 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.4%
  • Promoter holding has increased by 3.58% over last quarter.

Cons

  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.182 Cr.
  • Company has high debtors of 218 days.
  • Working capital days have increased from 144 days to 250 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

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0 0 0 13 53 69 87 11 38 24 5 0 7
0 0 11 6 33 64 84 11 37 36 8 1 7
Operating Profit -0 -0 -11 7 20 5 3 1 1 -12 -3 -1 -0
OPM % -525% 51% 38% 7% 4% 7% 3% -48% -47% -276% -1%
0 0 11 0 2 0 0 0 1 0 2 0 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -0 -0 0 7 22 5 3 1 2 -12 -1 -1 10
Tax % 1,667% 0% 0% 0% 40% 0% 0% 0% 169% 0% 0% 0% -21%
1 -0 0 7 13 5 3 1 -1 -12 -1 -1 12
EPS in Rs 1.06 -0.31 0.27 4.96 9.87 3.72 2.36 0.62 -1.11 -8.83 -0.55 -0.80 9.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
262.31 300.91 627.79 435.17 249.60 125.76 37.04 1.35 0.10 65.83 205.05 37.12
247.71 290.92 613.80 426.17 245.55 141.66 51.50 21.04 19.64 50.21 195.07 52.54
Operating Profit 14.60 9.99 13.99 9.00 4.05 -15.90 -14.46 -19.69 -19.54 15.62 9.98 -15.42
OPM % 5.57% 3.32% 2.23% 2.07% 1.62% -12.64% -39.04% -1,458.52% -19,540.00% 23.73% 4.87% -41.54%
2.75 3.08 2.14 3.57 4.77 8.19 0.47 13.71 13.49 12.86 1.13 12.18
Interest 7.64 9.79 7.55 10.77 10.27 9.46 2.36 0.24 0.47 0.27 0.13 0.01
Depreciation 0.03 0.00 0.00 0.01 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01
Profit before tax 9.68 3.28 8.58 1.79 -1.47 -17.19 -16.37 -6.24 -6.54 28.20 10.97 -3.26
Tax % 33.37% 36.89% 32.87% 27.93% 32.65% 31.06% 25.96% 22.92% 22.94% 30.78% 32.73% 66.56%
6.45 2.08 5.75 1.29 -0.99 -11.85 -12.12 -4.81 -5.04 19.52 7.38 -1.09
EPS in Rs 4.89 1.58 4.36 0.98 -0.75 -8.98 -9.18 -3.64 -3.82 14.79 5.59 -0.83
Dividend Payout % 15.35% 31.73% 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: -19%
5 Years: 0%
3 Years: 619%
TTM: -82%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 21%
TTM: -115%
Stock Price CAGR
10 Years: 11%
5 Years: 42%
3 Years: 95%
1 Year: -14%
Return on Equity
10 Years: -1%
5 Years: 24%
3 Years: 44%
Last Year: -4%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 13.25 14.37 19.93 21.22 20.23 8.38 -3.74 -8.55 -13.59 5.93 13.31 12.22
Preference Capital 8.00 8.00 8.00 8.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
79.37 62.34 27.49 10.40 36.10 32.55 41.01 32.59 21.59 3.39 3.39 1.87
29.99 51.23 171.27 172.85 85.36 75.69 50.74 37.40 42.75 49.91 40.72 31.35
Total Liabilities 135.81 141.14 231.89 217.67 154.89 129.82 101.21 74.64 63.95 72.43 70.62 58.64
0.00 0.00 0.04 0.06 0.20 0.18 0.17 0.15 0.14 0.13 0.12 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 0.86 1.11 0.86 0.09 0.12 0.17 0.17 0.24 0.27 0.30 0.35 0.40
134.95 140.03 230.99 217.52 154.57 129.47 100.87 74.25 63.54 72.00 70.15 58.13
Total Assets 135.81 141.14 231.89 217.67 154.89 129.82 101.21 74.64 63.95 72.43 70.62 58.64

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-19.10 34.94 26.30 19.19 -12.48 8.44 -16.21 9.36 11.28 15.91 -0.18 0.84
-5.06 6.85 -4.54 3.36 -4.60 3.51 10.06 -0.49 0.17 1.95 -0.09 0.63
29.19 -22.80 -41.88 -26.50 16.67 -12.02 6.45 -8.53 -11.24 -21.80 0.00 -1.53
Net Cash Flow 5.03 18.99 -20.11 -3.94 -0.40 -0.08 0.30 0.34 0.20 -3.94 -0.27 -0.06

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 118.71 93.11 98.14 130.55 132.22 186.74 491.53 7,878.59 84,753.00 206.48 70.81 217.80
Inventory Days 37.12 30.23 18.45 21.44 34.66 75.93 151.25 4,672.00 2,555.00 145.41 33.06 165.90
Days Payable 22.36 36.25 92.65 140.30 112.49 177.06 386.13 8,423.57 5,143.72 273.73 48.92 150.30
Cash Conversion Cycle 133.47 87.09 23.94 11.70 54.40 85.60 256.65 4,127.03 82,164.28 78.16 54.96 233.40
Working Capital Days 132.71 78.40 28.99 31.65 66.05 87.36 237.59 5,050.52 34,821.00 122.70 59.33 250.15
ROCE % 18.40% 12.35% 19.37% 20.69% 14.38% -12.50% -26.79% -13.68% -20.77% 130.24% 42.35%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.65% 63.65% 63.65% 63.65% 63.65% 63.66% 63.66% 63.66% 63.66% 63.66% 63.66% 67.23%
36.35% 36.35% 36.35% 36.35% 36.35% 36.35% 36.35% 36.34% 36.33% 36.34% 36.34% 32.76%
No. of Shareholders 1,0451,0649811,1202,2492,8964,5875,9925,6575,3515,2165,450

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