company background image
HIND

Hindcon Chemicals NSEI:HINDCON Stock Report

Last Price

₹63.20

Market Cap

₹647.0m

7D

2.2%

1Y

-9.8%

Updated

12 Aug, 2022

Data

Company Financials
HINDCON fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends3/6

HINDCON Stock Overview

Hindcon Chemicals Limited manufactures and sells sodium silicates, cement additives, and construction chemicals in India and internationally.

Hindcon Chemicals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hindcon Chemicals
Historical stock prices
Current Share Price₹63.20
52 Week High₹87.00
52 Week Low₹47.60
Beta0.51
1 Month Change11.96%
3 Month Change0.32%
1 Year Change-9.84%
3 Year Change258.07%
5 Year Changen/a
Change since IPO115.70%

Recent News & Updates

Shareholder Returns

HINDCONIN ChemicalsIN Market
7D2.2%1.0%1.1%
1Y-9.8%9.8%8.5%

Return vs Industry: HINDCON underperformed the Indian Chemicals industry which returned 9.8% over the past year.

Return vs Market: HINDCON underperformed the Indian Market which returned 8.5% over the past year.

Price Volatility

Is HINDCON's price volatile compared to industry and market?
HINDCON volatility
HINDCON Average Weekly Movement5.8%
Chemicals Industry Average Movement6.4%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market4.2%

Stable Share Price: HINDCON is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HINDCON's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1947100Sanjay Goenkahttps://www.hindcon.com

Hindcon Chemicals Limited manufactures and sells sodium silicates, cement additives, and construction chemicals in India and internationally. The company’s products portfolio includes coating and impregnation products, concrete and mortar admixtures, epoxy grouts and mortars, expansion and contraction joint systems, floorings, foundry aids, green products for building projects, grouts and repairing mortars, protective and waterproofing coatings, remover cleaning compounds, sealants, shotcrete aids, tile adhesives, waterproofing compounds, concreting aids, and sodium silicates. It also provides various services, such as waterproofing and repair, and repair and retrofitting of distressed structures.

Hindcon Chemicals Fundamentals Summary

How do Hindcon Chemicals's earnings and revenue compare to its market cap?
HINDCON fundamental statistics
Market Cap₹647.05m
Earnings (TTM)₹42.31m
Revenue (TTM)₹666.20m

15.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HINDCON income statement (TTM)
Revenue₹666.20m
Cost of Revenue₹537.09m
Gross Profit₹129.11m
Other Expenses₹86.80m
Earnings₹42.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.13
Gross Margin19.38%
Net Profit Margin6.35%
Debt/Equity Ratio3.1%

How did HINDCON perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

31%

Payout Ratio

Does HINDCON pay a reliable dividends?

See HINDCON dividend history and benchmarks
When do you need to buy HINDCON by to receive an upcoming dividend?
Hindcon Chemicals dividend dates
Ex Dividend DateAug 18 2022
Dividend Pay DateSep 25 2022
Days until Ex dividend5 days
Days until Dividend pay date43 days

Does HINDCON pay a reliable dividends?

See HINDCON dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is HINDCON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HINDCON?

Other financial metrics that can be useful for relative valuation.

HINDCON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA12.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HINDCON's PE Ratio compare to its peers?

HINDCON PE Ratio vs Peers
The above table shows the PE ratio for HINDCON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.1x
506910 Jaysynth Dyestuff (India)
9.1xn/a₹666.5m
MAHICKRA Mahickra Chemicals
16.5xn/a₹552.3m
AMBANIORG Ambani Organics
20.8xn/a₹419.0m
PROLIFE Prolife Industries
14.2xn/a₹610.0m
HINDCON Hindcon Chemicals
15.3xn/a₹647.0m

Price-To-Earnings vs Peers: HINDCON is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (15.1x).


Price to Earnings Ratio vs Industry

How does HINDCON's PE Ratio compare vs other companies in the IN Chemicals Industry?

Price-To-Earnings vs Industry: HINDCON is good value based on its Price-To-Earnings Ratio (15.3x) compared to the Indian Chemicals industry average (18.5x)


Price to Earnings Ratio vs Fair Ratio

What is HINDCON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HINDCON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HINDCON's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HINDCON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HINDCON (₹63.2) is trading above our estimate of fair value (₹20.24)

Significantly Below Fair Value: HINDCON is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.6%

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.


Discover growth companies

  • Examine Hindcon Chemicals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Hindcon Chemicals competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Hindcon Chemicals performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HINDCON has a high level of non-cash earnings.

Growing Profit Margin: HINDCON's current net profit margins (6.4%) are lower than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: HINDCON's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: HINDCON's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HINDCON had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Chemicals industry average (21.8%).


Return on Equity

High ROE: HINDCON's Return on Equity (10.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Hindcon Chemicals's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HINDCON's short term assets (₹463.1M) exceed its short term liabilities (₹129.9M).

Long Term Liabilities: HINDCON's short term assets (₹463.1M) exceed its long term liabilities (₹294.0K).


Debt to Equity History and Analysis

Debt Level: HINDCON has more cash than its total debt.

Reducing Debt: HINDCON's debt to equity ratio has reduced from 32.8% to 3.1% over the past 5 years.

Debt Coverage: HINDCON's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: HINDCON's interest payments on its debt are well covered by EBIT (211.9x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.22%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateAug 18 2022Dividend Pay DateSep 25 202238 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HINDCON's dividend (2.22%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: HINDCON's dividend (2.22%) is in the top 25% of dividend payers in the Indian market (1.72%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HINDCON has been paying a dividend for less than 10 years.

Growing Dividend: HINDCON's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.6%), HINDCON's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: HINDCON is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.2yrs

Average management tenure


CEO

Sanjay Goenka (57 yo)

7.08yrs

Tenure

₹6,849,000

Compensation

Mr. Sanjay Goenka has been Managing Director of Hindcon Chemicals Limited since July 24, 2015 and serves as its Chairman. Mr. Goenka joined the Hindcon Chemicals Limited as Director on December 15, 1999. H...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD86.05K) is above average for companies of similar size in the Indian market ($USD37.95K).

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


Leadership Team

Experienced Management: HINDCON's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: HINDCON's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Hindcon Chemicals Limited
  • Ticker: HINDCON
  • Exchange: NSEI
  • Founded: 1947
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹647.050m
  • Shares outstanding: 10.24m
  • Website: https://www.hindcon.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.