Heranba Industries Ltd

₹ 584 0.16%
05 Aug - 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

Products
The Co is present in the entire product value chain of the agrochemicals industry i.e. Technicals (15-16 products), Formulations (more than 30 products) and Intermediates (8+ products).
Intermediates: CMAC, Bromobenzene, Metaphenoxy Benzaldehyde etc. Majorly used for captive consumption for manufacturing of Technicals and Formulations.
Technicals: It includes a range of insecticides, herbicides and pesticides.
Formulations: Emulsifiable Concentrate (EC) Water Dispersible Granule & Extruded (WDG), Suspoemulsion (SE Formulations), ZC formulation etc. [1]

  • Market Cap 2,338 Cr.
  • Current Price 584
  • High / Low 867 / 505
  • Stock P/E 12.4
  • Book Value 179
  • Dividend Yield 0.34 %
  • ROCE 38.5 %
  • ROE 30.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • 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

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
214 269 349 332 268 351 353 395 350
188 226 293 268 210 287 292 324 288
Operating Profit 25 43 56 64 58 65 61 71 63
OPM % 12% 16% 16% 19% 22% 18% 17% 18% 18%
16 0 1 1 5 4 5 5 5
Interest 3 1 2 1 1 1 1 1 1
Depreciation 3 3 3 4 4 4 4 4 8
Profit before tax 36 39 51 60 58 64 61 71 58
Tax % 27% 26% 26% 26% 25% 26% 26% 25% 27%
Net Profit 26 29 38 45 43 47 46 53 43
EPS in Rs 10.80 11.84 11.40 13.37 10.64

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
514 582 741 1,004 951 1,219 1,450
470 534 653 873 822 997 1,190
Operating Profit 44 48 88 131 129 221 260
OPM % 9% 8% 12% 13% 14% 18% 18%
1 2 5 7 17 7 19
Interest 13 12 12 11 9 5 4
Depreciation 4 4 5 6 8 15 20
Profit before tax 28 35 76 122 129 208 255
Tax % 39% 41% 39% 38% 24% 26% 26%
Net Profit 17 20 47 75 98 154 189
EPS in Rs 38.54 47.25
Dividend Payout % 13% 10% 9% 5% 6% 4% 4%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 13%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 56%
3 Years: 36%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -28%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 33%
Last Year: 30%

Balance Sheet

Figures in Rs. Crores

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

Cash Flows

Figures in Rs. Crores

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

Figures in Rs. Crores

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

3 recently
Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.15 74.15 74.61 74.77 74.77 74.83
3.85 3.27 2.64 2.62 2.62 2.27
4.80 2.04 1.58 1.38 1.57 1.68
17.19 20.54 21.17 21.22 21.03 21.22

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