Fin Cascade

Prices as of 9 Oct 2026 close · Not investment advice

Hindcon Chemicals Limited

NSE: HINDCONSpecialty ChemicalsTrade-to-trade true

Share price

₹28.46

-4.97% close of 9 Oct 2026

Market cap ₹145 CrP/E 36.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

52

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹145 Cr

P/E ratio

36.3

P/B ratio

2.5

ROCE

7.8%

ROE

5.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹35.0552-week low ₹16.75

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Mar 2019 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Mar 2019 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 36.3× earnings it costs 1.5× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 38.2×, across 5 companies. It is against its own five-year median of 32.8×, the 57th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Hindcon Chemicals Limited — this one-11%/yr36.3×—
BASF India Limited—23.3×—
Privi Speciality Chemicals Limited144%/yr38.2×—
Anupam Rasayan India Limited-2%/yr73.8×—
Vinati Organics Limited2%/yr25.0×₹12.5
Elantas Beck India Limited18%/yr62.0×₹3.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Specialty Chemicals), it ranks 47 of 73 on returns, 62 of 72 on growth, 61 of 73 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 7.8% on capital, ahead of 36% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹9 crore of cash from the business but spent ₹11 crore on plant and equipment, ₹2 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹1 crore to ₹11 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 52 arrived as cash. Its cash comes back faster than it used to: it went from being waiting 152.8 days for its cash to waiting 141.7 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 12 Aug 2026 · Consolidated · Unaudited

Revenue

₹21 Cr

Revenue vs last year

+43.1%

Revenue vs last quarter

+3.4%

Net profit

₹2 Cr

Profit vs last year

+73.3%

Profit vs last quarter

+207.8%

Net margin

11.0%

EPS

₹0.63

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹145 Cr
Prev close
₹28.46
52w High
₹37.8
52w Low
₹15.7
Enterprise value
₹137 Cr
Beta
1.1
Price CAGR 1y
-10.0%
Price CAGR 3y
4.0%
Price CAGR 5y
16.0%
Price CAGR 10y
—

Ratios

Return on assets
4.0%
PEG ratio
-3.1
P/E ratio
36.3
P/B ratio
2.5
EV / EBITDA
27.3
Industry P/E
31.9
ROCE
7.8%
ROCE 5y average
13.1%
ROE
5.5%
Debt / Equity
0.2
Interest coverage
10.2
Dividend yield
0.0%
ROE 3y average
8.0%
ROE last year
6.0%

Annual P&L

Annual revenue
₹65 Cr
Annual profit
₹3 Cr
Operating margin
5.6%
Net profit margin
4.7%
EBITDA margin
5.6%
Sales growth 3y
-8.8%
Sales growth 5y
8.0%
Profit growth 3y
-11.0%
Profit growth 5y
-8.0%
EPS
₹0.6
Sales growth TTM
22.0%
Profit growth TTM
13.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹21 Cr
Profit latest quarter
₹2 Cr
YoY quarterly sales growth
43.1%
YoY quarterly profit growth
73.3%
OPM latest quarter
14.4%

Balance Sheet

Book Value
₹11.2
Face Value
₹2.0
Total debt
₹11 Cr
Total cash
₹19 Cr
Borrowings
₹11 Cr
Reserves / Equity
6.4

Cash Flow

Operating cash flow
-₹4 Cr
Free cash flow
-₹7 Cr
FCF yield
-5.1%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
68.8%
FII holding
0.0%
DII holding
—
Public holding
31.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Pidilite Inds.1,488.5057.21,51,6100.77883.528.24,551.621.331.0
Gujarat Fluoroch4,555.9081.050,0470.07219.021.41,588.024.09.6
Navin Fluo.Intl.8,490.0054.843,5660.18243.3107.71,045.144.121.0
Aether Industri.1,787.6098.923,7270.0062.828.0326.627.311.9
Deepak Nitrite1,553.9026.821,1940.48345.0207.52,577.636.411.4
Aarti Industries491.2534.117,8200.20155.0256.52,387.042.56.9
Atul5,999.5022.217,6640.50253.992.01,848.025.014.9
Hindcon Chemical28.5633.81460.002.380.721.343.17.8
Median367.3029.71,1020.2413.552.2175.326.413.8

Competes with: Aarti Industries Limited, Aether Industries Limited, Atul Limited, BASF India Limited, Deepak Nitrite Limited, Gujarat Fluorochemicals Limited, Navin Fluorine International Limited, Pidilite Industries

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales17191314131315151515142121
Expenses14181213111314141315142018
Material Cost1110119.491515
Change in Inventories0.120.00-0.000-0.010.00
Purchases of Stock-in-Trade0000.940.730.27
Employee Cost1.441.391.441.411.611.51
Other Expenses2.261.621.812.082.801.87
Operating Profit3.091.021.191.791.730.251.211.041.700.750.310.903.06
OPM %185.248.8512131.937.926.74114.902.184.3714
Other Income0.410.310.290.670.350.740.86-0.050.430.550.560.700.62
Exceptional items (within Other Income)000000
Interest0.010.030.010.0200.020.010.050.040.100.160.180.11
Depreciation0.060.070.080.140.190.200.200.230.210.230.280.300.28
Profit before tax3.431.231.392.301.890.771.860.711.880.970.431.123.29
Tax %26302722302326232826443129
Net Profit2.550.881.011.801.310.581.370.551.350.720.240.762.34
EPS in Rs0.490.170.200.350.250.110.270.110.260.140.060.160.48
Diluted EPS in Rs0.150.350.190.080.220.63

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales33323435444444678665576571
Expenses33303030414140628057526166
Material Cost3646
Change in Inventories-0.01-0.00
Purchases of Stock-in-Trade4.401.67
Employee Cost5.575.84
Other Expenses6.828.32
Operating Profit-0.472.103.614.793.753.524.564.995.177.104.243.665.02
OPM %-1.436.4911148.457.99107.496.04117.495.637.03
Other Income2.030.090.350.980.5712.151.371.191.681.892.242.43
Exceptional items (within Other Income)00
Interest0.790.680.670.520.230.090.080.020.050.080.080.480.55
Depreciation0.270.210.180.140.130.140.180.250.290.350.821.021.09
Profit before tax0.501.303.115.113.964.296.456.096.028.355.234.405.81
Tax %323533222833263028252730
Net Profit0.340.852.093.982.822.844.774.264.366.233.833.084.06
EPS in Rs0.451.122.760.780.550.550.920.830.841.210.750.600.84
Diluted EPS in Rs10.84
Dividend Payout %000016242431012600

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
7%
5 years
8%
3 years
-9%
TTM
22%

Compounded profit growth

10 years
14%
5 years
-8%
3 years
-11%
TTM
13%

Stock price CAGR

10 years
—
5 years
16%
3 years
4%
1 year
-10%

Return on equity

10 years
10%
5 years
9%
3 years
8%
Last year
6%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.760.760.85107.677.677.677.677.677.677.677.71
Reserves111214152225283135424649
Borrowings8.925.285.020.820.180.300.991.240.9800.7711
Other Liabilities4.436.305.946.605.956.736.7812109.628.798.59
Minority Interest0.640.99
Total Liabilities252426333639435354606476
Fixed Assets0.930.921.111.0811.131.411.722.576.257.118.73
CWIP000000000.39000
Investments0.280.660.813.244.324.472.793.212.194.664.763.64
Other Assets242224293134394848495264
Total Assets252426333639435354606476

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.213.820.702.44-1.982.124.78-4.445.379.182.75-3.90
Cash from Investing Activity-0.30-0.520.48-1.35-0.270.180.791.880.75-6.49-5.68-4.82
Cash from Financing Activity1.96-4.34-0.872.24-0.78-0.47-0.01-1.70-0.84-1.440.3110
Net Cash Flow1.46-1.050.313.33-3.031.835.56-4.265.271.26-2.631.43
Free Cash Flow-0.423.620.332.27-2.031.894.32-4.983.845.540.40-6.97

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days200205200189160164158144112126139127
Inventory Days181813442923222417121852
Days Payable416151563954515439434937
Cash Conversion Cycle1771621621781491331301159095109142
Working Capital Days193169129170190198159153115128148142
ROCE %1020211514191614189.977.85

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters686969696969696969696969
FIIs000.01000.030.030.030000
Public323131313131313131313131
No. of Shareholders10,93723,79728,12426,74428,95631,33730,70830,13629,66328,91528,21727,577

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -9.1% (₹31.31 → ₹28.46)Brick size ₹1.73 (fixed)Bricks 22
₹20.00₹25.00₹35.00₹28.46Nov '25Mar '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹28.46 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-8.15inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Hindcon Chemicals Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • silica sand
  • sodium carbonate (soda ash)

Depends on the price of

  • Natural gas
  • soda_ash

Sells to

  • APCO Infratech Private Limited · concrete admixtures (strength enhancement, setting-time optimisation)
  • Afcons Infrastructure Limited · high-performance concrete admixtures and waterproofing solutions
  • Construction Development Corporation Ltd. (Bhutan) · concrete admixtures
  • Dilip Buildcon Limited · concrete admixtures (fast-curing chemical solutions)
  • Dinesh Chandra R Agarwal Infracon Pvt. Ltd. · concrete admixtures
  • Druk Green Power Corporation (Bhutan) · concrete admixtures for hydro structures
  • Hindustan Construction Company Limited · low-permeability concrete admixtures
  • Jaiprakash Associates Ltd. · customised concrete admixtures for hydro projects
  • Larsen & Toubro · concrete admixtures for EPC / mega infrastructure projects
  • Megha Engineering & Infrastructures Ltd. · advanced admixture technology
  • Navayuga Engineering Company Limited · concrete admixtures for hydropower and civil works
  • Paharpur Cooling Towers Ltd. · construction chemicals and cement additives
  • Patel Engineering Limited · admixtures with controlled setting times for hydro / mountainous-terrain projects
  • S P Singla Constructions · concrete admixtures
  • SSNR Projects Pvt. Ltd. · construction chemicals and cement additives
  • Srijan Realty Pvt. Ltd. · construction chemicals and cement additives
  • Tata Projects Limited · concrete admixtures

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Specialty Chemicals
Classification
Chemicals › Specialty Chemicals
ISIN
INE642Y01029

Plants

  • Hindcon Chemicals - Jalan Complex plant, Baniyara (Howrah)
  • Hindcon Chemicals - Munsirhat sodium silicate unit

News impact

Big market events that reach Hindcon Chemicals Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

13 Aug 2024unspecified₹0.1
10 Nov 2023split₹0
1 Sep 2023interim₹0.5
18 Aug 2022unspecified₹0.7
26 Aug 2021unspecified₹1.5
26 Aug 2021interim₹1

Splits, bonuses & buybacks

  • daily-prices repair: 14 rows from NSE's archive (replace 9, delete 0, insert 5), 2018-11-22..2026-02-01 (docs/flat_day_repair.md)1× · 22 Nov 2018

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
24 Sep 2026Hindcon Solutions Pvt Ltd · PromoterBUY15,0000.04
24 Sep 2026Hindcon Solutions Pvt Ltd · PromoterBUY1,1460.00
19 Sep 2026Hindcon Solutions Pvt Ltd · PromoterBUY27,0000.06
19 Sep 2026Vansh Goenka · PromoterBUY2,0000.00
19 Sep 2026Sanjay Goenka · PromoterBUY2,0000.00
19 Sep 2026Hindcon Solutions Pvt Ltd · PromoterBUY1,0250.00
19 Sep 2026Nilima Goenka · PromoterBUY1,0000.00
17 Sep 2026SANJAY GOENKA · PromoterBUY5,0000.01
12 Sep 2026HINDCON SOLUTIONS PRIVATE LIMITED · PromoterBUY1,8590.00
5 Sep 2026HINDCON SOLUTIONS PRIVATE LIMITED · PromoterBUY2,0000.00

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.