NSEI:HINDCON

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Executive Summary

Hindcon Chemicals Limited manufactures and sells sodium silicates and construction chemicals in India and internationally. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Hindcon Chemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HINDCON has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

HINDCON

1.0%

IN Chemicals

-0.2%

IN Market


1 Year Return

12.5%

HINDCON

16.8%

IN Chemicals

0.2%

IN Market

Return vs Industry: HINDCON underperformed the Indian Chemicals industry which returned 14.8% over the past year.

Return vs Market: HINDCON exceeded the Indian Market which returned 0.9% over the past year.


Shareholder returns

HINDCONIndustryMarket
7 Day2.9%1.0%-0.2%
30 Day5.9%4.1%4.8%
90 Day7.5%13.3%6.9%
1 Year17.6%12.5%19.4%16.8%2.0%0.2%
3 Yearn/a34.8%26.4%-2.4%-7.2%
5 Yearn/a138.3%118.2%39.9%29.3%

Price Volatility Vs. Market

How volatile is Hindcon Chemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hindcon Chemicals undervalued compared to its fair value and its price relative to the market?

11.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HINDCON (₹18) is trading below our estimate of fair value (₹20.33)

Significantly Below Fair Value: HINDCON is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HINDCON is good value based on its PE Ratio (4.9x) compared to the IN Chemicals industry average (15.4x).

PE vs Market: HINDCON is good value based on its PE Ratio (4.9x) compared to the Indian market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HINDCON's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HINDCON is good value based on its PB Ratio (0.6x) compared to the IN Chemicals industry average (1.2x).


Next Steps

Future Growth

How is Hindcon Chemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.4%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hindcon Chemicals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hindcon Chemicals performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HINDCON has high quality earnings.

Growing Profit Margin: HINDCON's current net profit margins (6.4%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: HINDCON's earnings have grown by 18.1% per year over the past 5 years.

Accelerating Growth: HINDCON's earnings growth over the past year (0.9%) is below its 5-year average (18.1% per year).

Earnings vs Industry: HINDCON earnings growth over the past year (0.9%) exceeded the Chemicals industry -1.9%.


Return on Equity

High ROE: HINDCON's Return on Equity (8.8%) is considered low.


Next Steps

Financial Health

How is Hindcon Chemicals's financial position?


Financial Position Analysis

Short Term Liabilities: HINDCON's short term assets (₹336.8M) exceed its short term liabilities (₹66.5M).

Long Term Liabilities: HINDCON's short term assets (₹336.8M) exceed its long term liabilities (₹2.9M).


Debt to Equity History and Analysis

Debt Level: HINDCON's debt to equity ratio (1.1%) is considered satisfactory.

Reducing Debt: HINDCON's debt to equity ratio has reduced from 77% to 1.1% over the past 5 years.

Debt Coverage: HINDCON's debt is well covered by operating cash flow (537.4%).

Interest Coverage: HINDCON earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hindcon Chemicals's current dividend yield, its reliability and sustainability?

5.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HINDCON's dividend (5%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: HINDCON's dividend (5%) is in the top 25% of dividend payers in the Indian market (2.29%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether HINDCON's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HINDCON's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.3%), HINDCON's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Sanjay Goenka (54 yo)

5.25yrs

Tenure

₹8,400,000

Compensation

Mr. Sanjay Goenka has been Managing Director of Hindcon Chemicals Ltd since July 24, 2015 and has been its Director since July 01, 2015. He joined the Hindcon Chemicals Ltd as Director in the 1999. He has ...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD113.61K) is above average for companies of similar size in the Indian market ($USD54.75K).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sanjay Goenka
MD & Director5.25yrs₹8.40m27.7%
₹ 51.0m
Kashi Dey
Chief Financial Officer3.33yrs₹424.69kno data
Jaya Bajpai
Company Secretary & Compliance Officer1.83yrs₹216.00kno data
Nilima Goenka
Whole Time Director3.33yrs₹3.60m13.76%
₹ 25.4m
Ramsanatan Banerjee
Whole Time Director8.67yrs₹714.00kno data
Tarak Saha
Senior Manager of Marketingno datano datano data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: HINDCON's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjay Goenka
MD & Director5.25yrs₹8.40m27.7%
₹ 51.0m
Nilima Goenka
Whole Time Director3.33yrs₹3.60m13.76%
₹ 25.4m
Ramsanatan Banerjee
Whole Time Director8.67yrs₹714.00kno data
Girdhari Goenka
Independent Director3.17yrs₹8.50kno data
Binay Agarwal
Independent Director3.17yrs₹16.00kno data
Krishna Tantia
Independent Director3.17yrs₹11.50kno data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Board: HINDCON's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HINDCON insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hindcon Chemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hindcon Chemicals Limited
  • Ticker: HINDCON
  • Exchange: NSEI
  • Founded: 1947
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹184.286m
  • Shares outstanding: 10.24m
  • Website: https://www.hindcon.com

Location

  • Hindcon Chemicals Limited
  • 62/B, Braunfeld Row
  • 1st Floor
  • Kolkata
  • West Bengal
  • 700027
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HINDCONNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2018

Biography

Hindcon Chemicals Limited manufactures and sells sodium silicates and construction chemicals in India and internationally. The company offers products, such as coating and impregnation products, concrete a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:51
End of Day Share Price2020/10/22 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.