Hipolin Ltd (HIPOLIN) · mywealthgrid

About

Hipolin Ltd operates in Household Products within the Consumer Staples sector.

Face value: ₹10

Market cap

₹26 Cr

P/E

—

P/B

3.6×

Dividend yield

0%

ROE

-9.9%

ROCE

-1.8%

Debt / equity

0.07

OPM

-1.8%

EPS (TTM)

₹-1.7

Book value

₹23.6

52-week high

—

52-week low

—

1,388 historical price candles were omitted because the exchange source has not been verified.

₹84.2-2.8%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+High promoter holding of 69.6% with no pledge

Cons

−Low return on equity of -17% (3-yr avg)
−Modest revenue growth of 4.9% a year over the last 5 years
−Weak interest coverage of -1.4×

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 19
Growth: 31
Valuation: 88

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

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jyothy Labs LimitedJYOTHYLABJYOTHYLAB	₹6,716 Cr	₹6,716 Cr	₹2,847 Cr	₹500 Cr	17.6%	₹370 Cr	13%	24.3%	19.1%	45
Eveready Industries India LimitedEVEREADYEVEREADY	₹2,296 Cr	₹2,476 Cr	₹1,489 Cr	₹171 Cr	11.3%	₹178 Cr	11.8%	19.2%	31.6%	69
High Energy Batteries India LtdHIGHENEHIGHENE	₹515 Cr	₹526 Cr	₹78 Cr	₹30 Cr	22.8%	₹18 Cr	18.4%	21.8%	14.6%	685
Indo-National LimitedNIPPOBATRYNIPPOBATRY	₹236 Cr	₹270 Cr	₹449 Cr	₹-21 Cr	-4%	₹-25 Cr	-5.9%	-5.4%	-7.1%	78
Panasonic Energy India Company LtdPANAENERGPANAENERG	₹180 Cr	₹180 Cr	₹268 Cr	₹18 Cr	3.9%	₹12 Cr	1.3%	8.4%	3.3%	65
Pee Cee Cosma Sope LtdPCCOSMAPCCOSMA	₹123 Cr	₹123 Cr	₹82 Cr	₹7 Cr	8%	₹5 Cr	5.3%	21.3%	15.9%	41
Yuvraaj Hygiene Products LtdYUVRAAJHPLYUVRAAJHPL	₹82 Cr	₹93 Cr	₹15 Cr	₹-0 Cr	14.6%	₹-0 Cr	8.5%	30.1%	115.7%	133
Ambica Agarbathies & Aroma Industries LimitedAMBICAAGARAMBICAAGAR	₹41 Cr	₹130 Cr	₹136 Cr	₹10 Cr	7.2%	₹3 Cr	2.5%	8.1%	3.1%	63
Hipolin LtdHIPOLINHIPOLIN	₹26 Cr	₹27 Cr	₹11 Cr	₹-1 Cr	-1.8%	₹-1 Cr	-5.4%	-1.8%	-9.9%	43
Photoquip India LtdPHOTOQUPPHOTOQUP	₹7 Cr	₹20 Cr	₹11 Cr	₹-3 Cr	-0.8%	₹-2 Cr	-5.8%	1.9%	-11%	125

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	14	17	17	14	11	12	16	20	22	14
COGS	—	—	-12	-11	-9	8	10	12	15	16	10
Gross profit	—	—	—	—	—	3	2	4	5	6	4
	16	14	30	28	23	4	4	5	6	9	5
	-1	-1	-1	0	-0	-1	-1	-1	-1	-3	-0
OPM %	-3.5%	-4.4%	-4.6%	0.1%	-0.6%	-5.1%	-8.9%	-7.7%	-6%	-15.4%	-1.8%
Depreciation	—	—	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
	0	0	0	0	1	0	0	9	0	0	-0
Profit before tax	-1	-1	-1	-0	0	-1	-1	8	-1	-3	-1
Tax	—	—	—	—	—	0	0	0	0	0	0
	-1	-1	-1	-0	0	-1	-1	8	-1	-3	-1
PAT margin %	-3.9%	-4.4%	-5.6%	-1%	1.7%	-4.7%	-7.9%	49%	-4.5%	-15.2%	-5.4%
EPS (₹)	-1.9	-1.9	-3.4	-2.3	0.7	-1.6	3.1	24.4	-2.8	-10.5	2.5
EPS adjusted (₹)	—	—	—	—	—	-1.7	-3.1	24.4	-2.8	-10.5	-2.5
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	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	3	3	3	3	3	3
Reserves	3	2	9	8	5	4
Minority interest	—	0	—	—	—	0
	2	1	1	2	2	1
	1	5	2	3	3	3
Total equity & liabilities	9	11	15	16	13	11
	1	0	1	1	1	1
CWIP	0	0	0	0	0	—
Investments	0	3	7	7	5	4
	7	7	6	8	7	6
Total assets	9	11	15	16	13	11

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	3	-5	-2	-3	2
	-1	-3	5	0	3	1
	2	-1	-0	1	1	-2
Net cash flow	-0	0	-0	0	0	-0
Free cash flow	-1	3	-5	-2	-3	2
CFO / Operating profit %	—	—	—	—	—	—

Compounded sales growth

7 years: -2%
5 years: 5%
3 years: -3%
1 year: -34%

Return on equity

7 years: —
5 years: -3%
3 years: -20%
Last year: -10%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	27.1%	20.4%	23.8%	26%	26.4%	30.2%
EBITDA margin %	0.1%	-0.6%	-5.1%	-8.9%	-7.7%	-6%	-15.4%	-1.8%
EBIT margin %	-1.6%	-2.5%	-7%	-9.4%	-8.2%	-6.5%	-15.8%	-2.4%
PAT margin %	-1%	1.7%	-4.7%	-7.9%	49%	-4.5%	-15.2%	-5.4%
Working capital
Receivable days	—	—	67	47	47	66	51	46
Inventory days	—	—	48	19	34	31	29	51
Payable days	—	—	46	22	37	57	34	55
NWC days	—	—	68	45	44	41	46	43
Leverage
Current ratio	—	—	1.72	0.86	1.52	1.06	1.13	0.96
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0.28	0.24	0.06	0.18	0.26	0.07
Interest coverage	-4	19.5	-12	-15.2	-17.4	-8.9	-12.1	-1.4
Asset turnover	—	—	1.29	1.16	1.05	1.21	1.66	1.29
Return ratios
Return on assets %	—	—	-6%	-9.2%	51.3%	-5.5%	-25.3%	-7%
Return on capital employed %	—	—	-8.5%	-17.6%	-10.1%	-6.7%	-29.8%	-1.8%
Return on equity %	—	—	-9.2%	-20.7%	62%	-7.8%	-40.3%	-10.4%

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
	73.73%	73.73%	73.73%	73.14%	72.87%	71.07%	71.45%	70.79%	70.58%	69.9%	60.22%	69.59%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.27%	26.27%	26.27%	26.86%	27.13%	28.93%	28.55%	29.21%	29.42%	30.1%	39.78%	30.41%
No. of shareholders	—	—	—	—	—	—	—	—	2,361	2,381	2,374	2,398

Promoter holding down 4.14 percentage points since Sep 2023.

2 deals · 20 Aug 2026 – 20 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Aug 2026	KRISHNAM ENTERPRISE LLP LLP	Bulk	BSE	Buy	2,90,000	₹95.40	₹2.77 Cr
20 Aug 2026	RAJASVEE SAGAR SHAH	Bulk	BSE	Sell	2,89,507	₹95.40	₹2.76 Cr

1–2 of 2

1 / 1

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. Shailesh J ShahChairman & Managing Director
Mr. Prafulla GattaniManaging Director
Ms. Avni ChouhanIndependent Director
Smt. Nitaben B ShahIndependent Director
Umesh P MehtaIndependent Director
Mr. Daxesh Bhupendra ShahDirector
Mr. Samir Rohit ShahDirector

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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.

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 Hipolin Ltd. 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

30

Annual reports

26

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

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Events

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

3

Dividend dividend23 Sept 2010 · ex-date₹1
Dividend dividend24 Sept 2009 · ex-date₹1
Dividend dividend26 Sept 2007 · ex-date₹1

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

44 announcementsExport CSV

30 Sept 2026, 10:40 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 6:29 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 5:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

7 Sept 2026, 6:49 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 6:39 pmAGM/EGM

Annual General Meeting To Be Held On Tuesday, 29Th September.

AGM PDF

7 Sept 2026, 1:40 pmCorp. Action

The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From 22Nd September, 2026 - 29Th September, 2026.

Book Closure PDF

7 Sept 2026, 1:35 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held Today On 07Th September, 2026.

Outcome of Board Meeting PDF

2 Sept 2026, 11:13 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
30 Sept 2026, 10:40 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 6:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
8 Sept 2026, 5:33 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 6:49 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
7 Sept 2026, 6:39 pm	AGM/EGM AGM	Annual General Meeting To Be Held On Tuesday, 29Th September.	PDF
7 Sept 2026, 1:40 pm	Corp. Action Book Closure	The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From 22Nd September, 2026 - 29Th September, 2026.	PDF
7 Sept 2026, 1:35 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held Today On 07Th September, 2026.	PDF
2 Sept 2026, 11:13 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

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Hipolin Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

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

Dividends3

Board meetings1

Announcements

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Dividends3

Board meetings1

3

1

3

1