Heranba Industries

₹299.6 0.9 | 0.3%

WEBSITE BSE:543266 NSE : HERANBA 23 Mar, 16:01

Market Cap ₹1199 Cr.

Stock P/E 8.2

P/B 1.5

Current Price ₹299.6

Book Value ₹ 200.6

Face Value 10

52W High ₹678

Dividend Yield 0.67%

52W Low ₹ 294.8

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Heranba Industries Research see more...

Heranba Industries: Business Analysis

Overview Inc. Year: 1992Industry: Pesticides & Agrochemicals

Heranba Industries Ltd manufactures and markets a number of agrochemicals in India. The employer engages in the research and development, manufacturing, advertising, and distribution of a number of crop safety chemical substances, public fitness, and animal health solutions. It offers numerous pesticides, together with pesticides, herbicides, fungicides, and public health merchandise for pest control. It additionally provides plant growth products, which include amino acids, silicon spreader, gibberellic acid 0.001percent L, and seaweed extracts. In addition, the employer exports its merchandise to approximately 60 nations. The company was formerly known as Heranba Industrial Chemicals Ltd and changed its name to Heranba Industries Ltd in July 1996. Heranba Industries Ltd incorporated in 1992 and is founded in Mumbai, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Heranba Industries Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022
Net Sales	268	351	353	395	362	423	280
Other Income	5	4	5	5	4	4	1
Total Income	273	356	359	401	366	427	281
Total Expenditure	210	287	292	324	316	357	255
Operating Profit	63	69	66	76	51	70	26
Interest	1	1	1	1	1	2	2
Depreciation	4	4	4	4	5	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0
Profit Before Tax	58	64	61	71	44	63	18
Provision for Tax	15	17	16	18	11	16	4
Profit After Tax	43	47	46	53	34	48	14
Adjustments	0	0	0	-0	0	0	0
Profit After Adjustments	43	47	46	53	34	48	14
Adjusted Earnings Per Share	10.8	11.8	11.4	13.4	8.4	11.9	3.6

Heranba Industries Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	244	340	456	520	520	582	741	1004	951	1219	1450	1460
Other Income	7	2	5	8	6	3	5	7	17	7	19	14
Total Income	251	342	461	527	527	585	747	1012	968	1226	1470	1475
Total Expenditure	224	309	419	479	480	535	653	873	822	997	1191	1252
Operating Profit	27	33	41	48	46	50	93	139	146	228	279	223
Interest	12	12	13	14	13	12	12	11	9	5	4	6
Depreciation	3	3	5	5	4	4	5	6	8	15	20	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	11	17	24	29	29	33	76	122	129	208	255	196
Provision for Tax	5	8	7	11	12	14	29	47	31	54	66	49
Profit After Tax	6	9	16	18	17	19	47	75	98	154	189	149
Adjustments	0	0	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	6	9	16	18	17	19	47	75	97	154	189	149
Adjusted Earnings Per Share	0	0	0	4.8	4.3	0	0	0	25	38.5	47.3	37.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	19%	13%	20%	20%
Operating Profit CAGR	22%	26%	41%	26%
PAT CAGR	23%	36%	58%	41%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-54%	NA%	NA%	NA%
ROE Average	30%	34%	35%	28%
ROCE Average	39%	42%	44%	34%

Heranba Industries Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	43	52	68	85	99	116	157	228	321	528	714
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2	0	1	1	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	6	6	8	11	8	9	10	9	14	13
Total Current Liabilities	127	163	228	253	237	197	284	322	295	300	339
Total Liabilities	176	221	302	347	347	321	450	560	625	842	1066
Fixed Assets	26	26	37	41	41	38	46	51	95	133	193
Other Non-Current Assets	5	8	3	2	7	17	30	58	58	41	34
Total Current Assets	144	187	263	303	300	266	374	452	471	668	839
Total Assets	176	221	302	347	347	321	450	560	625	842	1066

Heranba Industries Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	7	5	7	8	14	11	10	12	21	3	85
Cash Flow from Operating Activities	18	5	28	17	16	30	52	88	54	60	98
Cash Flow from Investing Activities	-16	-17	-23	-23	-19	-6	-25	-37	-52	-41	-82
Cash Flow from Financing Activities	-4	13	-4	12	5	-25	-26	-41	-20	62	-6
Net Cash Inflow / Outflow	-2	2	1	6	2	-1	1	9	-18	82	10
Closing Cash & Cash Equivalent	5	7	8	14	16	10	12	21	3	85	95

Heranba Industries Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.65	2.46	4.21	4.79	4.27	4.86	12	19.31	25	38.54	47.25
CEPS(Rs)	2.47	3.25	5.38	6.17	5.29	5.88	13.29	20.83	27.1	42.21	52.19
DPS(Rs)	2.5	2	2.5	2.3	2.8	1.5	5.5	1	1	1.7	2
Book NAV/Share(Rs)	9.69	11.99	15.96	20.19	23.77	29.71	40.28	58.42	82.15	131.99	178.56
Core EBITDA Margin(%)	7.79	8.62	7.76	7.6	7.36	7.74	11.79	13.08	12.86	17.03	16.96
EBIT Margin(%)	9.23	8.34	7.77	8.05	7.81	7.49	11.83	13.23	13.69	16.44	16.93
Pre Tax Margin(%)	4.45	4.85	4.99	5.47	5.35	5.46	10.24	12.16	12.81	16.02	16.67
PAT Margin (%)	2.44	2.64	3.43	3.44	3.08	3.12	6.29	7.51	9.71	11.86	12.35
Cash Profit Margin (%)	3.66	3.49	4.39	4.43	3.81	3.78	6.96	8.1	10.52	12.99	13.64
ROA(%)	3.47	4.73	6.19	5.67	4.81	5.68	12.15	14.92	16.48	21.03	19.82
ROE(%)	18.78	22.82	30.23	26.48	19.6	18.16	34.3	39.12	35.57	36.33	30.43
ROCE(%)	23.35	26.15	28.13	28.48	23.89	23.39	40.6	51.94	42.89	45.35	38.56
Receivable days	79.67	73.45	74.96	74.17	86.81	80.88	80.14	82.92	92.84	84.27	89.54
Inventory Days	96.42	70.3	63.11	69.19	62.72	52.97	47.11	37.77	47.06	43.74	50.26
Payable days	111.67	83.26	103.66	121.94	106.68	82.39	99.7	108.18	128.17	95.53	86.06
PER(x)	0	0	0	0	0	0	0	0	0	16.39	12.79
Price/Book(x)	0	0	0	0	0	0	0	0	0	4.78	3.39
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0.27	0.33
EV/Net Sales(x)	0.26	0.22	0.16	0.16	0.17	0.14	0.1	0.07	0.08	2.03	1.62
EV/Core EBITDA(x)	2.39	2.33	1.72	1.69	1.89	1.66	0.78	0.49	0.54	10.86	8.42
Net Sales Growth(%)	20.46	39.14	34.25	13.93	0.14	11.88	27.31	35.51	-5.28	28.09	19.02
EBIT Growth(%)	43.71	26.12	23.92	17.52	-1.52	7.28	93.5	50.78	3.63	55.2	21.36
PAT Growth(%)	-19.92	51.19	72.65	13.73	-9.25	13.49	147.15	60.86	29.52	57.93	22.59
EPS Growth(%)	-21.89	49.21	71.19	13.73	-10.77	13.7	147.15	60.86	29.52	54.15	22.59
Debt/Equity(x)	1.77	1.71	1.21	1.12	1.03	0.73	0.48	0.22	0.13	0.1	0.07
Current Ratio(x)	1.13	1.15	1.16	1.2	1.27	1.35	1.32	1.4	1.6	2.23	2.48
Quick Ratio(x)	0.6	0.73	0.74	0.77	0.94	0.85	0.99	1.05	1.1	1.67	1.72
Interest Cover(x)	1.93	2.39	2.79	3.13	3.17	3.68	7.46	12.38	15.58	39.59	63.64
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0.02	0.02

Heranba Industries Shareholding Pattern

#	Sep 2016	Aug 2018	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	99.99	100	74.15	74.15	74.61	74.77	74.77	74.83	74.87	74.87
FII	0	0	1.55	3.27	2.64	2.62	2.62	2.27	2.04	1.37
DII	0	0	4.62	2.04	1.58	1.38	1.57	1.67	1.45	1.2
Public	0.01	0	19.68	20.54	21.17	21.22	21.03	21.22	21.64	22.57
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2016	Aug 2018	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	0.78	3.91	2.97	2.97	2.99	2.99	2.99	2.99	3	3
FII	0	0	0.06	0.13	0.11	0.1	0.1	0.09	0.08	0.05
DII	0	0	0.18	0.08	0.06	0.06	0.06	0.07	0.06	0.05
Public	0	0	0.79	0.82	0.85	0.85	0.84	0.85	0.87	0.9
Others	0	0	0	0	0	0	0	0	0	0
Total	0.78	3.91	4	4	4	4	4	4	4	4