Heranba Industries Ltd

Heranba Industries Ltd

₹ 299 0.32%
22 Mar - close price
About

Incorporated in 1994, Heranba Industries Ltd is engaged in the manufacturing of a diverse range of agrochemicals such as insecticides, herbicides, fungicides and public health products for pest control. [1]

Key Points

Product Portfolio
The Co.’s portfolio comprises intermediates, technicals and formulations.
Intermediates: Intermediates manufactured are for Co.’s own captive consumption for manufacturing various Technicals and Formulations. [1] These include CMAC, Bromobenzenes, Metaphenoxy, etc.
Technicals: These include Cypermethrin, Deltamethrin, Alpha Cypermethrin, Acephate, Lambda Cyhalothrin, etc.
Formulations: Formulations and branding of formulations are a forward integration to Heranba’s technical business. These include Emulsifiable Concentrate (EC), Water Dispersible Granule (WDG), Suspension concentrate, Capsule Suspension (CS), etc.
It has 400 product registrations in 49 countries,210 registrations in pipeline in 49 countries. 24 Technicals,193 formulations are registered for manufacture & sale in India.68 technicals & 65 formulations are registered for manufacture and sale in export markets
{#https://www.bseindia.com/bseplus/AnnualReport/543266/73414543266_05_07_22.pdf#page=4 #}

  • Market Cap 1,197 Cr.
  • Current Price 299
  • High / Low 678 / 294
  • Stock P/E 8.65
  • Book Value 197
  • Dividend Yield 0.67 %
  • ROCE 38.5 %
  • ROE 30.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 56.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
214 269 349 332 268 351 353 395 350 362 423 280
188 226 293 268 210 287 292 324 288 316 357 255
Operating Profit 25 43 56 64 58 65 61 71 63 46 66 26
OPM % 12% 16% 16% 19% 22% 18% 17% 18% 18% 13% 16% 9%
16 0 1 1 5 4 5 5 5 4 4 1
Interest 3 1 2 1 1 1 1 1 1 1 2 2
Depreciation 3 3 3 4 4 4 4 4 8 5 6 6
Profit before tax 36 39 51 60 58 64 61 71 58 44 63 18
Tax % 27% 26% 26% 26% 25% 26% 26% 25% 27% 24% 25% 22%
Net Profit 26 29 38 45 43 47 46 53 43 34 48 14
EPS in Rs 6.72 7.32 9.66 11.45 10.80 11.84 11.40 13.37 10.64 8.42 11.92 3.60
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
514 582 741 1,004 951 1,219 1,450 1,416
470 534 653 873 822 997 1,190 1,215
Operating Profit 44 48 88 131 129 221 260 201
OPM % 9% 8% 12% 13% 14% 18% 18% 14%
1 2 5 7 17 7 19 14
Interest 13 12 12 11 9 5 4 6
Depreciation 4 4 5 6 8 15 20 25
Profit before tax 28 35 76 122 129 208 255 184
Tax % 39% 41% 39% 38% 24% 26% 26%
Net Profit 17 20 47 75 98 154 189 138
EPS in Rs 21.61 26.01 60.02 19.31 25.00 38.54 47.25 34.58
Dividend Payout % 13% 10% 9% 5% 6% 4% 4%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 13%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 56%
3 Years: 36%
TTM: -27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -54%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 33%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 8 39 39 40 40 40
Reserves 91 108 150 189 282 488 674 748
96 84 76 50 43 52 54 97
130 120 217 282 261 263 300 439
Total Liabilities 325 321 450 560 625 843 1,069 1,325
37 38 46 51 95 133 193 194
CWIP 0 0 1 16 38 10 14 35
Investments 0 0 0 0 4 10 2 1
287 282 403 493 488 690 859 1,095
Total Assets 325 321 450 560 625 843 1,069 1,325

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
52 54 60 98
-25 -52 -41 -82
-26 -20 62 -6
Net Cash Flow 1 -18 82 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 102 78 100 92 99 102 103
Inventory Days 76 86 68 60 83 78 100
Days Payable 96 84 129 123 122 92 95
Cash Conversion Cycle 83 79 39 29 61 89 108
Working Capital Days 98 89 76 58 83 96 109
ROCE % 24% 41% 52% 43% 45% 38%

Shareholding Pattern

Numbers in percentages

4 recently
Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.15 74.15 74.61 74.77 74.77 74.83 74.87 74.87
3.85 3.27 2.64 2.62 2.62 2.27 2.04 1.37
4.80 2.04 1.58 1.38 1.57 1.68 1.45 1.19
17.19 20.54 21.17 21.22 21.03 21.22 21.63 22.56

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls