Hindcon Chemicals Ltd

Hindcon Chemicals Ltd

₹ 19.1 -0.78%
12 Mar - close price
About

Incorporated in 1998, Hindcon Chemicals Ltd does manufacturing & sale of Sodium Silicate
& construction chemicals and trading activities[1]

Key Points

Business Overview:[1]
HCL is a Construction Chemicals manufacturer in India. It has an a range of construction chemicals and cement additives including Waterproofing Hind Crete Plus WPM, Mortar for Brick/AAC Block Fixing Hind Block Fix, Sealing Construction & Expansion Joints Hind Sealant PS and Tile Fixing Adhesive Hind Fix TA, Heat Insulation and Waterproofing Paint, Hind Hydra Proof Ceramic, Decorative Paint Hind Plasto Guard and Rust-Proof Paint Hind Anti-Rust

  • Market Cap 97.9 Cr.
  • Current Price 19.1
  • High / Low 40.2 / 18.0
  • Stock P/E 31.4
  • Book Value 10.2
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 8.16 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 31.2%

Cons

  • The company has delivered a poor sales growth of 5.13% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.
  • Earnings include an other income of Rs.1.56 Cr.

* 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
22.70 19.25 17.27 16.62 13.44 14.34 12.91 12.96 15.27 15.44 14.88 15.32 13.28
20.98 17.56 14.17 15.63 12.19 12.53 11.17 12.70 14.05 14.37 13.12 14.57 12.92
Operating Profit 1.72 1.69 3.10 0.99 1.25 1.81 1.74 0.26 1.22 1.07 1.76 0.75 0.36
OPM % 7.58% 8.78% 17.95% 5.96% 9.30% 12.62% 13.48% 2.01% 7.99% 6.93% 11.83% 4.90% 2.71%
0.25 0.23 0.39 0.27 0.46 0.64 0.34 0.72 0.84 0.06 0.42 0.53 0.55
Interest 0.02 0.01 0.01 0.03 0.01 0.02 -0.00 0.02 0.01 0.05 0.04 0.10 0.16
Depreciation 0.07 0.08 0.06 0.07 0.08 0.14 0.19 0.20 0.20 0.23 0.21 0.23 0.23
Profit before tax 1.88 1.83 3.42 1.16 1.62 2.29 1.89 0.76 1.85 0.85 1.93 0.95 0.52
Tax % 27.66% 26.23% 25.73% 26.72% 26.54% 21.40% 29.63% 21.05% 25.41% 23.53% 27.46% 25.26% 34.62%
1.36 1.35 2.54 0.86 1.19 1.80 1.33 0.60 1.38 0.66 1.40 0.72 0.34
EPS in Rs 0.27 0.26 0.50 0.17 0.23 0.35 0.26 0.12 0.27 0.13 0.27 0.14 0.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
28.38 34.78 32.36 33.81 35.29 44.40 44.07 44.27 63.70 81.65 61.67 56.59 58.92
29.66 33.32 30.26 30.19 31.17 40.63 40.50 39.67 58.73 76.49 54.51 52.29 54.98
Operating Profit -1.28 1.46 2.10 3.62 4.12 3.77 3.57 4.60 4.97 5.16 7.16 4.30 3.94
OPM % -4.51% 4.20% 6.49% 10.71% 11.67% 8.49% 8.10% 10.39% 7.80% 6.32% 11.61% 7.60% 6.69%
2.11 0.06 0.10 0.30 1.65 0.46 0.84 2.02 1.56 1.07 1.75 1.96 1.56
Interest 0.30 0.75 0.68 0.67 0.52 0.23 0.09 0.08 0.02 0.05 0.08 0.08 0.35
Depreciation 0.12 0.27 0.21 0.18 0.14 0.13 0.14 0.18 0.25 0.29 0.35 0.82 0.90
Profit before tax 0.41 0.50 1.31 3.07 5.11 3.87 4.18 6.36 6.26 5.89 8.48 5.36 4.25
Tax % 29.27% 32.00% 34.35% 33.22% 22.31% 27.91% 26.79% 25.16% 24.44% 26.83% 24.65% 25.93%
0.28 0.34 0.86 2.06 3.98 2.79 3.06 4.75 4.73 4.31 6.38 3.96 3.12
EPS in Rs 0.37 0.45 1.15 2.75 0.78 0.54 0.60 0.93 0.92 0.84 1.25 0.77 0.61
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% 22.02% 30.12% 32.34% 36.80% -0.00% 16.05% 77.58%
Compounded Sales Growth
10 Years: 5%
5 Years: 5%
3 Years: -4%
TTM: 6%
Compounded Profit Growth
10 Years: 28%
5 Years: 5%
3 Years: -4%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 5%
1 Year: -40%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 11%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 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 1.50 1.50 1.50 1.50 10.24 10.24 10.24 10.24 10.24 10.24 10.24 10.24 10.24
Reserves 9.47 10.44 11.30 13.35 15.47 18.29 20.60 23.12 26.87 29.95 36.07 39.74 41.88
2.50 8.92 5.28 5.02 0.82 0.18 0.30 0.99 1.24 0.98 -0.00 0.77 6.18
2.82 4.32 6.15 5.74 6.60 5.69 6.32 6.72 11.55 9.72 8.97 8.13 8.94
Total Liabilities 16.29 25.18 24.23 25.61 33.13 34.40 37.46 41.07 49.90 50.89 55.28 58.88 67.24
1.01 0.93 0.92 1.11 1.08 1.00 1.13 1.41 1.72 2.57 6.25 7.11 7.08
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.39 -0.00 -0.00 -0.00
Investments 0.49 0.67 1.05 1.20 3.24 4.08 3.78 2.28 1.30 0.90 0.92 0.46 1.32
14.79 23.58 22.26 23.30 28.81 29.32 32.55 37.38 46.88 47.03 48.11 51.31 58.84
Total Assets 16.29 25.18 24.23 25.61 33.13 34.40 37.46 41.07 49.90 50.89 55.28 58.88 67.24

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.00 -0.21 3.27 1.50 2.44 -1.87 1.86 1.57 -2.41 5.43 4.95 2.87
-0.00 -0.30 -0.54 -0.32 -1.35 -0.43 0.49 4.33 0.50 0.81 -2.40 -5.39
-0.00 1.96 -3.83 -0.88 2.24 -0.78 -0.62 -0.24 -2.33 -1.02 -1.56 0.18
Net Cash Flow -0.00 1.46 -1.10 0.31 3.33 -3.08 1.73 5.65 -4.24 5.22 0.98 -2.34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 154.08 188.69 204.49 190.87 189.38 159.56 164.24 158.38 151.04 117.03 131.63 139.38
Inventory Days 25.57 16.70 18.30 13.08 43.62 28.94 22.98 21.77 25.63 18.37 12.80 18.18
Days Payable 31.00 38.49 60.55 50.92 55.52 39.08 54.34 50.52 56.63 41.00 45.19 48.87
Cash Conversion Cycle 148.65 166.90 162.25 153.03 177.48 149.42 132.88 129.64 120.03 94.40 99.25 108.69
Working Capital Days 151.12 182.40 110.31 120.16 169.62 178.14 188.84 150.47 156.72 115.33 132.52 144.48
ROCE % 6.00% 10.22% 19.71% 21.38% 14.66% 14.47% 19.67% 16.26% 14.94% 19.57% 11.15%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Installed Capacity - Sodium Silicate
MTPA

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Installed Capacity - Construction Chemicals / Cement Additives
MTPA
Number of Products
Count
Overall Capacity Utilization
%
B2B Revenue Contribution
%
Total Production Volume (Sodium Silicate and Construction Chemicals)
MT
Number of Dealers and Distributors
Count
PCE Plant Capacity
MT per month

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
68.16% 68.16% 68.34% 68.52% 68.52% 68.64% 68.64% 68.64% 68.67% 68.71% 68.71% 68.71%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.03% 0.03% 0.03% 0.00% 0.00%
31.84% 31.84% 31.66% 31.48% 31.48% 31.36% 31.36% 31.34% 31.30% 31.26% 31.29% 31.29%
No. of Shareholders 10,77711,15810,93723,79728,12426,74428,95631,33730,70830,13629,66328,915

* 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.

Click on the line-items to see the names of individual entities.

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