Hindustan Organic Chemicals Ltd (HOCL)

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Hindustan Organic Chemicals Ltd (HOCL) · mywealthgrid

About

Hindustan Organic Chemicals operates in commodity chemicals within the Materials sector. The company trades at ₹249.85 Cr market cap with quarterly revenues typically ₹140–190 Cr, though recent quarters show significant volatility. Promoter ownership at 58.78% provides stable control.

Face value: ₹10

Market cap

₹355 Cr

P/E

—

P/B

0.3×

Dividend yield

ROE

-1.2%

ROCE

-0%

Debt / equity

0.28

OPM

-3.1%

EPS (TTM)

₹-1.9

Book value

₹153.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins negative or razor-thin most quarters (-16.07%, -15.69%, -39.62%) despite ROE of 37.5% — verify which metric is reliable and why they diverge.
Earnings volatility extreme: net profit ₹519.68 Cr (Mar 2025) to -₹78.77 Cr (Dec 2024); further, Mar 2025 profit ₹519.68 Cr but EPS 0 is internally inconsistent — verify extraordinary items and data integrity.
Revenue instability sharp: Jun 2024 ₹59.36 Cr vs Mar 2024 ₹182.88 Cr — determine whether demand-driven, capacity-related, or operational.
PE of 0.64 (extremely low) suggests distressed sentiment; verify whether genuine distress or measurement artifact from earnings volatility.

Generated analysis · source review pending

Growth drivers

Operating margin recovery: Sep 2023 achieved 6.18% OPM; return to that level from current negative margins would materially improve profitability.
Revenue normalization: Jun 2024's ₹59.36 Cr was a trough; reversion to ₹140–180 Cr quarterly range restores scale without requiring market-share gains.
Profit inflection: Mar 2025's ₹519.68 Cr net profit suggests operational turnaround if sustainable — verify whether structural improvement or one-off items.
Debt capacity: D/E of 0.2 provides headroom for strategic capital deployment if growth opportunities are identified.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹52.8+18.8%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -204.9% (3-yr avg)
−Modest revenue growth of 6.7% a year over the last 5 years
−Weak interest coverage of 0×

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 17
Growth: 0
Valuation: 100

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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	415	434	631	704	536	574
COGS	204	265	442	498	419	411
Gross profit	211	169	190	206	117	163
	184	180	184	207	203	180
	26	-10	6	-1	-86	-18
OPM %	6.4%	-2.4%	1%	-0.1%	-16.1%	-3.1%
Depreciation	3	1	1	1	2	2
Interest	54	51	67	70	43	20
	21	34	11	17	526	26
Profit before tax	-9	-29	-55	-54	395	-14
Tax	0	0	0	0	3	-1
Tax %	0%	0%	0%	0%	0.8%	-7.2%
	-9	-29	-55	-54	392	-13
PAT margin %	-2.1%	-6.8%	-8.8%	-7.7%	73.2%	-2.2%
EPS (₹)	-1.3	-4.4	-6.9	-8.1	58.3	-1.9
EPS adjusted (₹)	0.3	-4	-8.2	-8	58.3	-1.9
Annual report	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 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	337	337	67	67	67	67	67	67
Reserves	-1,121	-1,385	-36	—	-118	-119	978	964
	338	336	151	—	814	833	206	284
	672	939	1,259	—	710	791	314	227
Total equity & liabilities	227	228	1,440	—	1,474	1,572	1,564	1,542
	125	111	135	154	164	224	226	230
CWIP	4	4	0	—	0	0	4	1
Investments	0	0	1	—	1	1	1	1
	97	112	1,305	—	1,309	1,348	1,334	1,310
Total assets	227	228	1,440	—	1,474	1,572	1,564	1,542

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50.8%	39%	30.1%	29.3%	21.8%	28.4%
EBITDA margin %	6.4%	-2.4%	1%	-0.1%	-16.1%	-3.1%
EBIT margin %	5.7%	-2.7%	0.8%	-0.3%	-16.4%	-3.4%
PAT margin %	-2.1%	-6.8%	-8.8%	-7.7%	73.2%	-2.2%
Working capital
Receivable days	3	—	11	10	15	5
Inventory days	96	—	41	51	49	41
Payable days	41	—	34	50	42	14
NWC days	58	—	18	11	21	33
Leverage
Current ratio	0.22	—	0.2	0.25	0.95	0.9
Debt to EBITDA	5.7	—	129.04	—	—	—
Debt to equity	4.87	—	-16.2	-16.2	0.2	0.28
Interest coverage	0.8	0.4	0.2	0.2	-1.5	-0
Asset turnover	0.29	—	0.43	0.45	0.34	0.37
Return ratios
Return on assets %	-0.6%	—	-3.8%	-3.4%	25.1%	-0.8%
Return on capital employed %	16.7%	—	17.7%	14.9%	-10%	-0%
Return on equity %	-28.4%	—	110.1%	105.2%	37.5%	-1.2%

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
	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%	58.78%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.41%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	41.2%	40.79%
No. of shareholders	—	—	—	—	—	—	—	—	61,587	61,381	60,539	59,322

Promoter holding up 0 percentage points since Sep 2023.

6 deals · 28 Dec 2023 – 30 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Sept 2026	SECURE SHANTI ADVISORY LLP	Bulk	BSE	Buy	5,08,237	₹51.72	₹2.63 Cr
30 Sept 2026	SECURE SHANTI ADVISORY LLP	Bulk	BSE	Sell	237	₹52.01	₹0.00 Cr
5 Mar 2025	SUDHABEN PRAFULCHANDRA VAIDYA	Bulk	BSE	Buy	5,90,000	₹24.98	₹1.47 Cr
4 Mar 2025	SUDHABEN PRAFULCHANDRA VAIDYA	Bulk	BSE	Sell	5,90,000	₹24.50	₹1.45 Cr
26 Jul 2024	CHOKSI COLOURS PVT LTD	Bulk	BSE	Buy	3,48,240	₹60.69	₹2.11 Cr
28 Dec 2023	SUDHABEN PRAFULCHANDRA VAIDYA	Bulk	BSE	Sell	3,96,168	₹47.32	₹1.87 Cr

1–6 of 6

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. Sangram Kumar MishraExecutive Director-Chairperson
Mr. Yogendra Prasad ShuklaExecutive Director
Mr. Manoj SethiNon-Executive - Nominee Director
Mrs. VandanaNon-Executive - Nominee Director
Mr. Subodh KumarNon-Executive - Independent Director
Mr. Subramonian HCompany Secretary & Compliance Officer

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.

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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 Hindustan Organic Chemicals 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

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.

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

28 Sept 2026, 3:51 pmCompany Update

Scrutinizer Report Of 65Th AGM.

General PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	50.8%	39%	30.1%	29.3%	21.8%	28.4%
EBITDA margin %	6.4%	-2.4%	1%	-0.1%	-16.1%	-3.1%
EBIT margin %	5.7%	-2.7%	0.8%	-0.3%	-16.4%	-3.4%
PAT margin %	-2.1%	-6.8%	-8.8%	-7.7%	73.2%	-2.2%
Working capital
Receivable days	3	—	11	10	15	5
Inventory days	96	—	41	51	49	41
Payable days	41	—	34	50	42	14
NWC days	58	—	18	11	21	33
Leverage
Current ratio	0.22	—	0.2	0.25	0.95	0.9
Debt to EBITDA	5.7	—	129.04	—	—	—
Debt to equity	4.87	—	-16.2	-16.2	0.2	0.28
Interest coverage	0.8	0.4	0.2	0.2	-1.5	-0
Asset turnover	0.29	—	0.43	0.45	0.34	0.37
Return ratios
Return on assets %	-0.6%	—	-3.8%	-3.4%	25.1%	-0.8%
Return on capital employed %	16.7%	—	17.7%	14.9%	-10%	-0%
Return on equity %	-28.4%	—	110.1%	105.2%	37.5%	-1.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

Date	Category	Subject	Filing
28 Sept 2026, 3:51 pm	Company Update General	Scrutinizer Report Of 65Th AGM.	PDF
28 Sept 2026, 1:50 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 12:37 pm	Company Update General	Clarification On Price Movement.	PDF
8 Sept 2026, 1:38 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
28 Aug 2026, 4:04 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
27 Aug 2026, 6:14 pm	AGM/EGM AGM	AGM Notice	PDF
27 Aug 2026, 6:09 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
26 Aug 2026, 7:55 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	59	-342	-160	-81	9	60	-28	-66	631	-70
	-6	-0	343	112	164	8	11	24	56	10	12
	-48	-59	71	3	90	-8	-82	-11	6	-642	58
Net cash flow	-8	0	73	-45	-8	9	-11	-14	-4	-1	-0
Free cash flow	40	—	—	-161	-82	9	59	-29	-67	624	-72
CFO / Operating profit %	—	—	—	—	—	35.5%	—	-441.7%	—	—	—

Hindustan Organic Chemicals Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

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

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1