Reported Earnings • May 30
Full year 2026 earnings released: ₹19.10 loss per share (vs ₹0.77 profit in FY 2025) Full year 2026 results: ₹19.10 loss per share (down from ₹0.77 profit in FY 2025). Revenue: ₹16.0b (up 14% from FY 2025). Net loss: ₹764.2m (down ₹794.9m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • May 22
Heranba Industries Limited to Report Q4, 2026 Results on May 28, 2026 Heranba Industries Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released: ₹5.81 loss per share (vs ₹2.55 loss in 3Q 2025) Third quarter 2026 results: ₹5.81 loss per share (further deteriorated from ₹2.55 loss in 3Q 2025). Revenue: ₹3.05b (down 11% from 3Q 2025). Net loss: ₹232.5m (loss widened 128% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
Heranba Industries Limited to Report Q3, 2026 Results on Feb 11, 2026 Heranba Industries Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Jan 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.90b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.05x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Paying a dividend despite having no free cash flows. Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.90b market cap, or US$98.8m). Reported Earnings • Nov 16
Second quarter 2026 earnings released: ₹0.36 loss per share (vs ₹9.49 profit in 2Q 2025) Second quarter 2026 results: ₹0.36 loss per share (down from ₹9.49 profit in 2Q 2025). Revenue: ₹5.19b (up 19% from 2Q 2025). Net loss: ₹14.5m (down 104% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Heranba Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Heranba Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Sep 10
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 20 October 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%). Declared Dividend • Aug 14
Dividend reduced to ₹1.00 Dividend of ₹1.00 is 20% lower than last year. Ex-date: 17th September 2025 Payment date: 20th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.3% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. However, EPS has declined by 47% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹1.53 (vs ₹4.19 in 1Q 2025) First quarter 2026 results: EPS: ₹1.53 (down from ₹4.19 in 1Q 2025). Revenue: ₹4.65b (up 57% from 1Q 2025). Net income: ₹61.0m (down 64% from 1Q 2025). Profit margin: 1.3% (down from 5.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Announcement • Aug 09
Heranba Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 Heranba Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 130% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • May 24
Full year 2025 earnings released: EPS: ₹0.77 (vs ₹8.72 in FY 2024) Full year 2025 results: EPS: ₹0.77 (down from ₹8.72 in FY 2024). Revenue: ₹14.2b (up 13% from FY 2024). Net income: ₹30.7m (down 91% from FY 2024). Profit margin: 0.2% (down from 2.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • May 23
Heranba Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025 Heranba Industries Limited at its board meeting held on May 23, 2025 has recommended the final dividend of INR 1 per equity share of the face value of INR 10.00 each (i.e. 10% of the face value) for the financial year ended March 31, 2025, subject to approval the shareholders at the upcoming Annual General Meeting (AGM). Announcement • May 16
Heranba Industries Limited to Report Fiscal Year 2025 Results on May 23, 2025 Heranba Industries Limited announced that they will report fiscal year 2025 results on May 23, 2025 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹277, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹246, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 25x in the Chemicals industry in India. Total loss to shareholders of 61% over the past three years. New Risk • Mar 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.61b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹8.61b market cap, or US$98.8m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹2.55 loss per share (vs ₹3.48 profit in 3Q 2024) Third quarter 2025 results: ₹2.55 loss per share (down from ₹3.48 profit in 3Q 2024). Revenue: ₹3.42b (up 14% from 3Q 2024). Net loss: ₹101.9m (down 173% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹277, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 27x in the Chemicals industry in India. Total loss to shareholders of 57% over the past three years. Announcement • Feb 10
Heranba Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Heranba Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Non Executive Independent Woman Director Reshma Wadkar was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹9.49 (vs ₹6.73 in 2Q 2024) Second quarter 2025 results: EPS: ₹9.49 (up from ₹6.73 in 2Q 2024). Revenue: ₹4.40b (up 3.8% from 2Q 2024). Net income: ₹379.7m (up 41% from 2Q 2024). Profit margin: 8.6% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Heranba Industries Limited to Report Q2, 2025 Results on Nov 13, 2024 Heranba Industries Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Sep 12
Heranba Industries Limited Approves Dividend for the Financial Year Ended March 31, 2024 Heranba Industries Limited in its AGM held on September 12, 2024 approved a dividend @ INR 1.25/-(Rupees One and Paise Twenty Five) per equity share of the face value of INR 10.00 (Rupees Ten) each (i.e. 12.5 % of Face Value of INR 10) for the financial year ended March 31, 2024. Upcoming Dividend • Aug 29
Upcoming dividend of ₹1.25 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 12 October 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.6%). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹4.19 (vs ₹1.40 loss in 1Q 2024) First quarter 2025 results: EPS: ₹4.19 (up from ₹1.40 loss in 1Q 2024). Revenue: ₹2.97b (up 8.1% from 1Q 2024). Net income: ₹167.7m (up ₹223.8m from 1Q 2024). Profit margin: 5.6% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Announcement • Aug 03
Heranba Industries Limited to Report Q1, 2025 Results on Aug 12, 2024 Heranba Industries Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Announcement • Jul 02
Heranba Industries Limited Announces Executive Cessation Heranba Industries Limited announced that there have been following changes in the senior management personnel of the company in the previous month ended on June 30, 2024: Retirement of Mr. Mopidevi V. Rao, General Manager (R&D) from the services of the company and consequently cease to be a senior management personnel of the company. Resignation of Mr. Ajit Singh Gujral, from the designation of Head - Strategic Development for Crop Protection and consequently cease to be a senior management personnel of the company. Reason for Change: Retirement of Mr. Mopidevi V. Rao from the services of General Manager (R&D and consequently, cease to be a Senior Management Personnel of the company. Resignation of Mr. Ajit Singh Gujral, from the designation of Head - Strategic Development for Crop Protection and consequently cease to be a senior management personnel of the company. Date of cessation: Cessation from the closing of business hours of June 2024. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹8.72 (vs ₹26.08 in FY 2023) Full year 2024 results: EPS: ₹8.72 (down from ₹26.08 in FY 2023). Revenue: ₹12.7b (down 3.6% from FY 2023). Net income: ₹348.9m (down 67% from FY 2023). Profit margin: 2.7% (down from 7.9% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • May 18
Heranba Industries Limited to Report Q4, 2024 Results on May 27, 2024 Heranba Industries Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 27, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹332, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 30x in the Chemicals industry in India. Total loss to shareholders of 49% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: ₹3.48 (vs ₹3.16 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.48 (up from ₹3.16 in 3Q 2023). Revenue: ₹3.01b (up 9.2% from 3Q 2023). Net income: ₹139.2m (up 10% from 3Q 2023). Profit margin: 4.6% (in line with 3Q 2023). Announcement • Jan 31
Heranba Industries Limited to Report Q3, 2024 Results on Feb 09, 2024 Heranba Industries Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Feb 09, 2024 New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.7% net profit margin). Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: ₹6.73 (vs ₹11.78 in 2Q 2023) Second quarter 2024 results: EPS: ₹6.73 (down from ₹11.78 in 2Q 2023). Revenue: ₹4.26b (up 1.3% from 2Q 2023). Net income: ₹269.1m (down 43% from 2Q 2023). Profit margin: 6.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Nov 02
Heranba Industries Limited to Report Q2, 2024 Results on Nov 02, 2023 Heranba Industries Limited announced that they will report Q2, 2024 results at 4:00 PM, Indian Standard Time on Nov 02, 2023 Announcement • Aug 28
Heranba Industries Limited Approves Final Dividend for the Year Ended March 31, 2023 Heranba Industries Limited announced that at its AGM held on August 24, 2023, shareholders approved the final dividend of INR 1.25 per share of the face value of INR 10 each (that is 12.5% of the face value) for the financial year ended March 31, 2023. Announcement • Aug 22
Heranba Industries Limited Appoints S. D. Namjoshi as Head Production Units Heranba Industries Limited announced appointment of Mr. S. D. Namjoshi as Head Production units of Heranba Industries Limited. date of appointment August 21, 2023. Mr. Namjoshi is a Graduate in Chemical from Ravi Shankar University, Raipur. He started his career with Jayant Vitamins, way back in 1984 and then has around 39 years' experience in various companies like with UPL Ltd., Coromandal International Ltd. and Deepak Fertilizers & Petrochemicals Co Ltd. Mr. Namjoshi with this proven track record in Agroindustry will help us identifying opportunities for reduction in energy consumptions, creating parameters for high efficiency and performance in manufacturingunits and enhancing talent. Announcement • Aug 03
Heranba Industries Limited to Report Q1, 2024 Results on Aug 12, 2023 Heranba Industries Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 12, 2023 Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹26.08 (vs ₹47.25 in FY 2022) Full year 2023 results: EPS: ₹26.08 (down from ₹47.25 in FY 2022). Revenue: ₹13.3b (down 8.2% from FY 2022). Net income: ₹1.04b (down 45% from FY 2022). Profit margin: 7.8% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Announcement • May 19
Heranba Industries Limited to Report Q4, 2023 Results on May 30, 2023 Heranba Industries Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 30, 2023 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹315, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 19x in the Chemicals industry in India. Total loss to shareholders of 51% over the past year. Recent Insider Transactions • Feb 06
MD & Director recently bought ₹2.0m worth of stock On the 3rd of February, Raghuram Shetty bought around 6k shares on-market at roughly ₹330 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raghuram has been a buyer over the last 12 months, purchasing a net total of ₹16m worth in shares. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₹322, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total loss to shareholders of 54% over the past year. Reported Earnings • Jan 30
Third quarter 2023 earnings released: EPS: ₹3.16 (vs ₹13.37 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.16 (down from ₹13.37 in 3Q 2022). Revenue: ₹2.76b (down 30% from 3Q 2022). Net income: ₹126.4m (down 76% from 3Q 2022). Profit margin: 4.6% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Announcement • Jan 20
Heranba Industries Limited to Report Q3, 2023 Results on Jan 28, 2023 Heranba Industries Limited announced that they will report Q3, 2023 results on Jan 28, 2023 Announcement • Nov 25
Heranba Industries Limited Appoints Ajit Gujral as Head - Strategic Development for Crop Protection Business Heranba Industries Limited announced the appointment of Mr. Ajit Gujral as Head - Strategic Development for Crop Protection Business of Heranba Industries The responsibilities assigned to Mr. Gujral includes Strategic Development of its existing Business in B2B /BRAND /P2P segment. In addition to the above assigned role, Mr. Gujral with his rich experience will also extend his support in the areas of PATENT FILING, PRODUCT REGISTRATION (Domestic + Export), & Introduction of new products in discussion with R&D department. He will also be a part of the company's PR team to help improve the market visibility of the company. Mr. Gujral is a postgraduate in Agronomy from Haryana Agricultural University (HAU). He started his career with a premier organization, Hoechst India, in 1984. With more than 38 years of rich and multifaceted experience Mr. Gujral has a profound understanding of the market and customer needs. Under his belt he has many patented formulations and product processes which has created value for the organizations he has served. He has played a significant role in the global product strategy and international expansion during last assignment, as the company expanded its footprint into new regions. He has also performed leadership duties for major corporations in this industry, including GHARDA CHEMICALS, SUMITOMO CHEMICALS, RALLIS, GSP CROP SCIENCE AND BEST AGROLIFE LIMITED. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: ₹11.78 (vs ₹11.40 in 2Q 2022) Second quarter 2023 results: EPS: ₹11.78 (up from ₹11.40 in 2Q 2022). Revenue: ₹4.25b (up 20% from 2Q 2022). Net income: ₹471.5m (up 3.4% from 2Q 2022). Profit margin: 11% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Nov 08
Heranba Industries Limited Announces Resignation of Board of Directors The Board of Directors of Heranba Industries Limited at their meeting held on November 08, 2022, announced the resignation of Mr. Kaushik H Gandhi as Independent Director and Mrs. Vanita R Shetty as Whole Time Director designated as Executive Director. Recent Insider Transactions • Sep 24
MD & Director recently bought ₹561k worth of stock On the 21st of September, Raghuram Shetty bought around 1k shares on-market at roughly ₹561 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Raghuram has been a buyer over the last 12 months, purchasing a net total of ₹14m worth in shares. Announcement • Aug 26
Eranba Industries Limited Announces Resignation of Sujata S Shetty as Executive Director Heranba Industries Limited announced resignation of Mrs. Sujata S Shetty from the post of Director vis-a-vis Executive Director of the Company. Date of Cessation is August 25, 2022. Further, the Company has received confirmation from Mrs. Sujata S Shetty (DIN: 00632563) that there are no other material reasons for her resignation other than those mentioned in her resignation letter. Further, the Company has received confirmation from Mrs. Sujata S Shetty (DIN: 00632563) that she is not director in other listed entities nor member of the Board Committees of any other listed entities. Board Committee's Updates: Automatically ceased to be member of committees of the Board with effect from August 25, 2022. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Additional Non Executive Independent Woman Director Reshma Wadkar was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 13
Heranba Industries Limited Announces Resignation of Nimesh S Singh as Director and Member of Risk Management Committee and Other Committees Heranba Industries Limited announced resignation of Mr. Nimesh S Singh from the board of the company on account of personal reason and other professional commitments. He will be Automatically ceased to be member of Risk Management Committee and other committees of the Board with effect from August 12, 2022. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: ₹8.36 (vs ₹11.84 in 1Q 2022) First quarter 2023 results: EPS: ₹8.36 (down from ₹11.84 in 1Q 2022). Revenue: ₹3.66b (up 4.3% from 1Q 2022). Net income: ₹334.4m (down 29% from 1Q 2022). Profit margin: 9.1% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 09
Heranba Industries Limited Announces Change in Directorate Heranba Industries Limited informed that The Board of Directors has appointed Mr. Shriraj S Shetty as an Additional Director (Whole Time Director to be designated as Executive Director) with effect from November 11, 2021 for a period of 5 years subject to approval of members at the upcoming Annual General Meeting. informed that the Members have passed all the items (Item 1 to 9) including the appointment of Mr. Shriraj S Shetty as Director and Whole Time Director to be designated as Executive Director as mentioned in the Notice of the 30th Annual General Meeting held on, July 27, 2022. Qualification: M.Tech in Chemical Engineering, Bachelors in Chemical Engineering. Brief Profile: He has experience of 9 years in the field of Business Leadership & Operations, Risk Management & Governance, Business Expertise, Technical process improvement, Process implementation, Technical innovation expertise, Team management, production improvements, Conflict resolution, Product Quality and Safety Function, Procurement, Sales & Marketing, Functional & Managerial Experience etc. Announcement • Aug 03
Heranba Industries Limited to Report Q1, 2023 Results on Aug 12, 2022 Heranba Industries Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • Jul 29
Heranba Industries Limited Declares Dividend for the Financial Year Ended March 31, 2022 Heranba Industries Limited held its 30th annual general meeting on July 27, 2022, declared the dividend of INR 2 per shares (i.e. 20 % of Face Value of INR 10) on Equity Shares of the Company for the financial year ended March 31, 2022. Upcoming Dividend • Jul 12
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 19 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 4.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.8%). Reported Earnings • Jul 06
Full year 2022 earnings released: EPS: ₹47.25 (vs ₹39.40 in FY 2021) Full year 2022 results: EPS: ₹47.25 (up from ₹39.40 in FY 2021). Revenue: ₹14.5b (up 19% from FY 2021). Net income: ₹1.89b (up 23% from FY 2021). Profit margin: 13% (in line with FY 2021). Recent Insider Transactions • May 20
MD & Director recently bought ₹5.1m worth of stock On the 17th of May, Raghuram Shetty bought around 9k shares on-market at roughly ₹566 per share. This was the largest purchase by an insider in the last 3 months. This was Raghuram's only on-market trade for the last 12 months. Announcement • May 15
Heranba Industries Limited Recommends the Final Dividend for the Financial Year Ended March 31, 2022 The Board of Directors of Heranba Industries Limited has recommended the final dividend of INR 2 per equity share of the face value of INR 10.00 each (i.e. 20% of the face value) for the financial year ended March 31, 2022, subject To Approve the shareholders at the upcoming 30th Annual General Meeting (AGM). Record Date is July 08, 2022. Reported Earnings • May 15
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹47.25 (up from ₹39.40 in FY 2021). Revenue: ₹14.7b (up 21% from FY 2021). Net income: ₹1.89b (up 23% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Announcement • May 15
Heranba Industries Limited, Annual General Meeting, Jul 15, 2022 Heranba Industries Limited, Annual General Meeting, Jul 15, 2022. Agenda: To consider final dividend. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to ₹665, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Chemicals industry in India. Total loss to shareholders of 4.8% over the past year. Reported Earnings • Feb 01
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹13.37 (up from ₹11.04 in 3Q 2021). Revenue: ₹3.95b (up 48% from 3Q 2021). Net income: ₹534.9m (up 24% from 3Q 2021). Profit margin: 14% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the industry in India. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹11.40 (vs ₹11.04 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹3.53b (up 32% from 2Q 2021). Net income: ₹456.2m (up 5.6% from 2Q 2021). Profit margin: 13% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS ₹11.84 (vs ₹6.72 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹3.51b (up 64% from 1Q 2021). Net income: ₹473.9m (up 80% from 1Q 2021). Profit margin: 14% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Announcement • Jul 06
Heranba Industries Limited Receives Environmental Clearance for Manufacturing at Sarigram, Gujrat Heranba Industries Limited announced that it has received Environmental clearance from Ministry of Environment, Forest and Climate Change of government of India, for expansion of pesticides intermediates, fungicides, herbicides, insecticides manufacturing at Plot No-2817/1, Chemical Zone, Near Sandhya Chemical, notified Industrial Area, GIDC Sarigram, Taluka Umbergaon, District Valsad,Gujrat. Executive Departure • Jul 01
Chief Financial Officer Maheshwar Godbole has left the company During their tenure, earnings grew by 43% annually compared to the industry average of 15%. On the 30th of June, Maheshwar Godbole left the company after 11.6 in the role. We don't have any record of a personal shareholding under Maheshwar's name. Maheshwar is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.33 years. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS ₹39.41 (vs ₹25.03 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹12.3b (up 29% from FY 2020). Net income: ₹1.54b (up 58% from FY 2020). Profit margin: 13% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹639, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 16x in the Chemicals industry in India.