Heranba Industries Limited (HERANBA)

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Heranba Industries Limited (HERANBA) · mywealthgrid

About

Heranba Industries manufactures pesticides and agrochemicals for the Indian agricultural sector, with quarterly revenues fluctuating between ₹300–600 Crore. With a market cap of ₹679 Crore and promoters holding 75%, it is a mid-sized player dependent on crop cycles and weather patterns.

Face value: ₹10

Market cap

₹688 Cr

P/E

—

P/B

0.9×

Dividend yield

0.6%

ROE

-9.5%

ROCE

-2.3%

Debt / equity

0.75

OPM

4.3%

EPS (TTM)

₹-18.8

Book value

₹190.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Recent profitability collapse: Mar 2026 quarters posted ₹58.32 Cr and ₹12.5 Cr net losses with OPM of -7.29% and -1.81% — verify underlying causes (inventory, price cuts, cost inflation, or market loss).
Revenue and earnings volatility: quarterly revenue ranges ₹300–600 Cr with EPS swings from -₹14.45 to +₹8.01 — verify what drives these swings and whether order visibility is weak.
Shareholder value destruction: negative ROE of -9.54% and stock down 51% in one year; recent losses in Dec–Mar 2026 raise concerns about recovery odds and business resilience.
Agrochemical sector exposure: profits depend on input costs (raw materials, energy, logistics), weather, and farmer spending power — verify input price trends, competitive pricing, and end-market demand.

Generated analysis · source review pending

Growth drivers

Sep 2025 achieved ₹605.73 Cr revenue with ₹32.04 Cr profit (7.38% OPM), demonstrating the core business can generate scale and healthy returns; verify whether similar quarterly performance can be achieved given current agricultural sector conditions.
Margin recovery: Apr–Sep 2025 ran 4.14–9.36% OPM before collapsing to -7.29% in Mar 2026 — recovery is possible if input costs (raw materials, energy, freight) that spiked in late 2025–26 ease — verify commodity price and freight cost trends.
Agricultural sector factors: profits depend on monsoon quality, crop cycles, and government support policies — verify 2026–27 monsoon forecasts and policy trends to assess conditions for recovery to Sep 2025 profitability levels.

Generated analysis · source review pending

1,373 historical price candles were omitted because the exchange source has not been verified.

₹172.1-3.6%1Y

Quick read

rule-based

Pros

+High promoter holding of 74.9% with no pledge

Cons

−Low return on equity of -1.7% (3-yr avg)
−Thin operating margin of 4.3%
−Modest revenue growth of 6.5% a year over the last 3 years
−Weak interest coverage of -0.4×

Research score

Structured signal from quality, growth, valuation and momentum.

40/100

Business quality: 12
Growth: 24
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	1,319	1,257	1,410	1,595
COGS	0	882	867	945	1,101
Gross profit	—	437	390	465	494
	0	281	313	367	425
	0	156	77	98	69
OPM %	—	11.8%	6.1%	7%	4.3%
Depreciation	0	23	26	57	98
Interest	0	8	12	31	50
	0	12	14	8	8
Profit before tax	0	138	52	18	-71
Tax	0	33	18	16	7
Tax %	—	24.1%	34%	87.5%	9.3%
	0	104	35	2	-78
PAT margin %	—	7.9%	2.7%	0.2%	-4.9%
EPS (₹)	0	26.1	8.7	0.8	-19.1
EPS adjusted (₹)	0	26.1	8.7	0.8	-19.1
	—	4.8%	14.3%	129.9%	—
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	40	40	40	40	40	40
Reserves	—	674	770	803	801	722
Minority interest	—	—	—	—	9	8
	—	0	89	161	345	573
	—	0	263	476	618	628
Total equity & liabilities	—	714	1,162	1,480	1,813	1,970
	133	193	209	445	662	692
CWIP	—	0	72	137	70	20
Investments	—	0	1	2	3	5
	—	521	881	896	1,078	1,252
Total assets	—	714	1,162	1,480	1,813	1,970

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	138	107	101	-96
	—	0	-241	-239	-89
	0	0	62	152	166
Net cash flow	—	138	-72	14	-19
Free cash flow	—	138	-146	-175	-188
CFO / Operating profit %	—	88.2%	139.5%	103.5%	-138.6%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	33.1%	31.1%	33%	31%
EBITDA margin %	—	11.8%	6.1%	7%	4.3%
EBIT margin %	—	10.1%	4%	2.9%	-1.8%
PAT margin %	—	7.9%	2.7%	0.2%	-4.9%
Working capital
Receivable days	—	107	136	144	135
Inventory days	—	126	116	130	153
Payable days	—	78	122	188	166
NWC days	—	154	129	86	123
Leverage
Current ratio	—	2.49	1.4	1.2	1.08
Debt to EBITDA	—	0.57	2.09	3.53	8.27
Debt to equity	0	0.11	0.19	0.41	0.75
Interest coverage	—	18.3	5.2	1.6	-0.4
Asset turnover	0	1.13	0.85	0.78	0.81
Return ratios
Return on assets %	0%	9%	2.3%	0.1%	-3.9%
Return on capital employed %	0%	18.9%	7.6%	5.3%	-2.3%
Return on equity %	0%	12.9%	4.1%	0.3%	-10.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%	74.94%
	0%	0%	0%	0%	0.4%	0.42%	0.1%	0.05%	0.05%	0.08%	0.07%	0.01%
	0.29%	0.4%	0.4%	0.21%	0.21%	0.21%	0.21%	0.27%	0.27%	0.27%	0.27%	0.29%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.77%	24.66%	24.66%	24.85%	24.45%	24.43%	24.75%	24.74%	24.74%	24.71%	24.72%	24.76%
No. of shareholders	—	—	—	—	—	—	—	—	70,671	69,062	67,378	66,634

Promoter holding up 0 percentage points since Sep 2023.

14 deals · 31 Jan 2023 – 25 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	2,06,732	₹193.36	₹4.00 Cr
25 Sept 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	2,06,732	₹193.59	₹4.00 Cr
28 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,84,100	₹512.49	₹14.56 Cr
28 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,84,100	₹512.96	₹14.57 Cr
13 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,77,159	₹465.49	₹12.90 Cr
13 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,75,784	₹466.38	₹12.86 Cr
12 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,42,527	₹438.60	₹10.64 Cr
12 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,41,153	₹438.83	₹10.58 Cr
14 Jun 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	2,44,637	₹399.67	₹9.78 Cr
14 Jun 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	2,44,637	₹399.39	₹9.77 Cr

1–10 of 14

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SADASHIV KANYANA SHETTYExecutive Director-Chairperson
Mr. RAGHURAM KANYAN SHETTYExecutive Director-MD
Mr. RAUNAK RAGHURAM SHETTYExecutive Director
Mr. SHRIRAJ SADASHIV SHETTYExecutive Director
Mr. ROSHAN RAGHURAM SHETTYExecutive Director
Mr. MULKY VISHWANATHA SHETTYNon-Executive - Independent Director
Mr. ANILKUMAR MOHANRAJ MARLECHANon-Executive - Independent Director
Mr. GANESH NARAYAN VANMALINon-Executive - Independent Director
Ms. RESHMA DAGDU WADKARNon-Executive - Independent Director
Mr. OMPRAKASH SINGHNon-Executive - Independent Director
Mr. Abdu LatifCompany Secretary & Compliance Officer

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Heranba Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

5

Final dividend17 Sept 2025 · ex-date₹1
Final dividend5 Sept 2024 · ex-date₹1.25
Final dividend17 Aug 2023 · ex-date₹1.25
Final dividend19 Jul 2022 · ex-date₹2
Final dividend6 Sept 2021 · ex-date₹0.7

2

Board meeting to consider results22 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

86 announcementsExport CSV

30 Sept 2026, 4:20 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	33.1%	31.1%	33%	31%
EBITDA margin %	—	11.8%	6.1%	7%	4.3%
EBIT margin %	—	10.1%	4%	2.9%	-1.8%
PAT margin %	—	7.9%	2.7%	0.2%	-4.9%
Working capital
Receivable days	—	107	136	144	135
Inventory days	—	126	116	130	153
Payable days	—	78	122	188	166
NWC days	—	154	129	86	123
Leverage
Current ratio	—	2.49	1.4	1.2	1.08
Debt to EBITDA	—	0.57	2.09	3.53	8.27
Debt to equity	0	0.11	0.19	0.41	0.75
Interest coverage	—	18.3	5.2	1.6	-0.4
Asset turnover	0	1.13	0.85	0.78	0.81
Return ratios
Return on assets %	0%	9%	2.3%	0.1%	-3.9%
Return on capital employed %	0%	18.9%	7.6%	5.3%	-2.3%
Return on equity %	0%	12.9%	4.1%	0.3%	-10.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Upl LimitedUPLUPL	₹43,628 Cr	₹65,674 Cr	₹52,804 Cr	₹9,326 Cr	17.9%	₹2,020 Cr	4.3%	11.2%	6%	135
Sumitomo Chemical India LimitedSUMICHEMSUMICHEM	₹20,842 Cr	₹20,844 Cr	₹3,245 Cr	₹685 Cr	20.7%	₹579 Cr	16.8%	23.1%	17.3%	155
Bayer Cropscience LimitedBAYERCROPBAYERCROP	₹15,958 Cr	—	₹5,472 Cr	₹688 Cr	15.4%	₹568 Cr	12.1%	28.4%	23.7%	300
Sharda Cropchem LimitedSHARDACROPSHARDACROP	₹6,397 Cr	₹6,397 Cr	₹5,357 Cr	₹1,047 Cr	20.4%	₹626 Cr	12.9%	28%	24.2%	125
Dhanuka Agritech LimitedDHANUKADHANUKA	₹4,217 Cr	₹4,259 Cr	₹2,035 Cr	₹417 Cr	20.5%	₹297 Cr	14.6%	28.9%	22.3%	160
Rallis India LimitedRALLISRALLIS	₹3,884 Cr	₹3,942 Cr	₹2,604 Cr	₹274 Cr	10.5%	₹164 Cr	6.3%	13.2%	10%	104
Bhagiradha Chemicals & Industries LimitedBHAGCHEMBHAGCHEM	₹3,063 Cr	₹3,294 Cr	₹607 Cr	₹79 Cr	10.7%	₹28 Cr	3.4%	4.8%	2.6%	148
Nacl Industries LimitedNACLINDNACLIND	₹3,054 Cr	₹3,355 Cr	₹1,519 Cr	₹106 Cr	6.5%	₹12 Cr	0.3%	11.8%	0.8%	105
Gsp Crop Science LimitedGSPCROPGSPCROP	₹2,113 Cr	₹2,373 Cr	₹1,517 Cr	₹185 Cr	12.2%	₹-3 Cr	6.2%	20.7%	-0.4%	121
Bharat Rasayan LimitedBHARATRASBHARATRAS	₹1,658 Cr	₹1,659 Cr	₹1,203 Cr	₹177 Cr	16%	₹140 Cr	11.7%	17.5%	12.1%	219
Insecticides (India) LimitedINSECTICIDINSECTICID	₹1,655 Cr	₹1,799 Cr	₹2,060 Cr	₹210 Cr	10.6%	₹125 Cr	6.5%	17.1%	12.1%	168
Astec Lifesciences LimitedASTECASTEC	₹1,580 Cr	₹2,029 Cr	₹441 Cr	₹6 Cr	-1%	₹-67 Cr	-18.1%	-9.3%	-25.9%	263

Date	Category	Subject	Filing
30 Sept 2026, 4:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 7:54 pm	Company Update General	Announcement Under Regulation 30 (LODR)- Proceeding Of 34Th AGM.	PDF
28 Sept 2026, 7:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
7 Sept 2026, 6:18 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 2:03 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
3 Sept 2026, 8:04 pm	Corp. Action Book Closure	Intimation Of Book Closure Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF
3 Sept 2026, 8:00 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
3 Sept 2026, 7:56 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

Heranba Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends5

Board meetings2

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Dividends5

Board meetings2

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

5

2

5

2