---
title: "Hiran Orgochem Ltd (506170) — Share Price, Financials & Analysis"
symbol: "506170"
company: "Hiran Orgochem Ltd"
canonical: "https://tapetide.com/stocks/506170"
isin: "INE546E01016"
bse_code: "506170"
sector: "Healthcare"
industry: "Pharmaceuticals & Biotechnology"
generated_at: "2026-09-13T18:24:13.883Z"
---

# Hiran Orgochem Ltd (506170)

Canonical page: https://tapetide.com/stocks/506170

## Company

- **BSE Code:** 506170
- **ISIN:** INE546E01016
- **Sector:** Healthcare
- **Industry:** Pharmaceuticals & Biotechnology
- **Macro Sector:** Healthcare
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hiranorgochem.com

## About

Hiran Orgochem is a leading integrated manufacturer of active pharmaceutical ingredients and formulations.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- The company has delivered a poor sales growth of -70.9% over past five years.
- Company has high debtors of 322 days.
- Working capital days have increased from 1,638 days to 2,355 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 103% | 24% | — |
| revenue growth | -100% | -86% | -71% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.56 | 0.09 | 0 | 0.24 | 0 | 0.14 | 0.05 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 2.76 | 0.3 | 6.04 | 0.34 | 0.14 | 0.3 | 30.29 | 0 | 0.11 | -0.34 | 0.12 | 0.06 |
| Operating Profit | -0.2 | -0.21 | -6.04 | -0.1 | -0.14 | -0.16 | -30.24 | 0 | -0.11 | 0.34 | -0.12 | -0.06 |
| OPM % | -7.81 | -233.33 | — | -41.67 | — | -114.29 | -60480 | — | — | — | — | — |
| Other Income | 0.27 | 0.27 | 0.38 | 0 | 0.02 | 0.11 | 0.69 | 0 | 0 | 0 | 0.93 | 0 |
| Interest | 0 | 0 | 0.18 | 0 | 0 | 0 | -0.07 | 0 | 0 | 0 | 0.06 | 0 |
| Depreciation | 0.62 | 0.62 | 0.27 | 0 | 0 | 0 | 0.05 | 0 | 0.03 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.55 | -0.56 | -6.11 | -0.1 | -0.12 | -0.05 | -29.53 | 0 | -0.14 | 0.33 | 0.74 | -0.07 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 | 0 |
| Net Profit | -0.55 | -0.56 | -6.11 | -0.1 | -0.12 | -0.05 | -29.53 | 0 | -0.14 | 0.33 | 0.73 | -0.07 |
| EPS in Rs | -0.06 | -0.06 | -0.62 | -0.01 | -0.01 | -0.01 | -2.99 | 0 | -0.01 | 0.03 | 0.07 | -0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Jun 2011 15m | Jun 2012 | Jun 2013 9m | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 107.88 | 119.41 | 188.39 | 202.75 | 147.74 | 38.91 | 23.96 | 2.62 | 0.42 | 0 |
| Expenses | 100.23 | 107.7 | 203.12 | 189.89 | 214.97 | 50.99 | 82.59 | 9.08 | 8.32 | -0.05 |
| Operating Profit | 7.65 | 11.71 | -14.73 | 12.86 | -67.23 | -12.08 | -58.63 | -6.46 | -7.9 | 0.05 |
| OPM % | 7.09 | 9.81 | -7.82 | 6.34 | -45.51 | -31.05 | -244.7 | -246.56 | -1880.95 | — |
| Other Income | 1.83 | 2.67 | 1.62 | 9.07 | 2.81 | 7.64 | 1.47 | 0.93 | -19.79 | 0.93 |
| Interest | 5.18 | 7.57 | 9.99 | 9.09 | 15.22 | 1.9 | 0.08 | 0.18 | 0.01 | 0.06 |
| Depreciation | 1.62 | 1.83 | 2.12 | 2.33 | 3.2 | 2.76 | 2.77 | 1.51 | 0.05 | 0.06 |
| Profit before tax | 2.68 | 4.98 | -25.22 | 10.51 | -82.84 | -9.1 | -60.01 | -7.22 | -27.75 | 0.86 |
| Tax % | 59.7 | 22.09 | -31.09 | 29.12 | 0.65 | 0 | 0 | 0 | 0 | — |
| Net Profit | 1.08 | 3.88 | -17.38 | 7.45 | -83.38 | -9.09 | -60.01 | -7.22 | -27.76 | 0.85 |
| EPS in Rs | 0.21 | 0.74 | -3.31 | 1.42 | -8.45 | -0.92 | -6.08 | -0.73 | -2.81 | 0.08 |
| Dividend Payout % | 48.61 | 13.53 | -1.21 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.72 | 10.5 | 10.5 | 10.5 | 52.5 | 98.66 | 98.66 | 98.66 | 98.66 | 98.66 |
| Reserves | 39.34 | 73.69 | 76.96 | 61 | 26.44 | -56.94 | -66.03 | -126.04 | -133.26 | -161.02 |
| Borrowings | 32.75 | 47.89 | 56.67 | 51.62 | 53.7 | 96.15 | 89.05 | 88.76 | 85.71 | 65.45 |
| Other Liabilities | 39.81 | 44.35 | 57.5 | 65.66 | 89.66 | 55.67 | 30.87 | 25.48 | 24.5 | 22.41 |
| Total Liabilities | 119.62 | 176.43 | 201.63 | 188.78 | 222.3 | 193.54 | 152.55 | 86.86 | 75.61 | 25.5 |
| Fixed Assets | 27.56 | 31.68 | 35.95 | 36.53 | 37.04 | 38.78 | 35.58 | 33.08 | 31.57 | 0.2 |
| CWIP | 1.22 | 0.57 | 2.27 | 1.26 | 0.14 | 0.04 | 0.04 | 0.04 | 0 | 0 |
| Investments | 1.52 | 0.78 | 0.89 | 2.9 | 4.8 | 4.69 | 4.69 | 4.59 | 4.59 | 0 |
| Other Assets | 89.32 | 143.4 | 162.52 | 148.09 | 180.32 | 150.03 | 112.24 | 49.15 | 39.45 | 25.3 |
| Total Assets | 119.62 | 176.43 | 201.63 | 188.78 | 222.3 | 193.54 | 152.55 | 86.86 | 75.61 | 25.5 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -17.59 | -41 | 4.58 | 20.73 | 11.9 | -56.67 | 9.59 | -28.64 | -0.92 | -16.08 |
| Cash from Investing Activity | -9 | -3.24 | -6.58 | -2.6 | -1.29 | -1.1 | 2.28 | 1.11 | 0.96 | 16.13 |
| Cash from Financing Activity | 27.23 | 45.84 | 1.87 | -15.32 | -8.97 | 73.97 | -9.01 | -0.34 | 0 | 0 |
| Net Cash Flow | 0.64 | 1.6 | -0.13 | 2.81 | 1.64 | 16.2 | 2.86 | -27.87 | 0.04 | 0.05 |
| Free Cash Flow | -24.83 | -46.04 | -3.23 | 18.49 | 9.98 | -61.78 | 9.88 | -28.63 | -0.87 | -5.42 |
| CFO/OP | -56 | -496 | 48 | -144 | 94 | 84 | -81 | 51 | 14 | 204 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 63.67 | 58.46 | 89.01 | 34.31 | 74.58 | 73.47 | 186.21 | 118.67 | 1159.08 | 321.55 |
| Inventory Days | 205.43 | 260.28 | 262.28 | 105.11 | 146.58 | 23.77 | 39.69 | 17.12 | 153.76 | 929.88 |
| Days Payable | 132.88 | 130.68 | 189.09 | 124.09 | 160.85 | 89.83 | 266.31 | 350.12 | 3211.71 | 17598.21 |
| Cash Conversion Cycle | 136.22 | 188.06 | 162.2 | 15.34 | 60.32 | 7.42 | -40.42 | -214.33 | -1898.87 | -16346.79 |
| Working Capital Days | 158.78 | 331.23 | 319.39 | 138.01 | 145.03 | 169.97 | 498.2 | 358.75 | 2061.83 | 2355.12 |
| ROCE % | — | 7.34 | 9.09 | -11.37 | 15.48 | -49.65 | -5.31 | -65.43 | -8.16 | -26.09 |

## Shareholding Pattern

### annual

| Category | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Promoters | 70.82% | 61.17% | 58.84% |
| FIIs | 1.2% | 0% | 0% |
| DIIs | 2.21% | 1.76% | 0.83% |
| Public | 25.78% | 37.08% | 40.33% |
| No. of Shareholders | 919 | 1381 | 1633 |

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.55% | 70.82% | 70.87% | 61.13% | 61.17% | 58.84% |
| FIIs | 4.39% | 1.2% | 0% | 0% | 0% | 0% |
| DIIs | 6.34% | 2.21% | 1.68% | 2.21% | 1.76% | 0.83% |
| Public | 18.73% | 25.78% | 27.46% | 36.65% | 37.08% | 40.33% |
| No. of Shareholders | 836 | 919 | 1227 | 1309 | 1381 | 1633 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 121.36 | Sell |
| EMA (10) | 119.33 | Sell |
| SMA (20) | 127.23 | Sell |
| EMA (20) | 123.36 | Sell |
| SMA (50) | 129.26 | Sell |
| EMA (50) | 128.88 | Sell |
| SMA (100) | 137.83 | Sell |
| EMA (100) | 137.2 | Sell |
| SMA (200) | 154.37 | Sell |
| EMA (200) | 148.41 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 27.91 | Buy |
| MACD (12,26,9) | -4.15 | Sell |
| Stochastic (14,3,3) | 7.18 | Buy |
| ADX (14) | 24.67 | Neutral |
| Williams %R (14) | -92.96 | Buy |
| ATR (14) | 4.84 | High Volatility |
| ROC (12) | -16.89 | Sell |
| Stoch RSI (14) | 4.52 | Buy |
| UO (7,14,28) | 33.15 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 5m - Siyaram Recycling attended Arihant Bharat Connect Rising Stars 2026; no UPSI shared; uploaded to website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 5m - Siyaram Recycling attended Arihant Bharat Connect Rising Stars 2026; no UPSI shared; uploaded to website.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3b0e02c0-2ee0-4744-9eea-ef77dae1efca.pdf) |
| 5 Feb - Siyaram Recycling received Rs.4,03,02,900 purchase order from SAANVI METAL CRAFT for brass scrap, to be executed within six months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Feb - Siyaram Recycling received Rs.4,03,02,900 purchase order from SAANVI METAL CRAFT for brass scrap, to be executed within six months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f73587f-d2fb-4df7-acf7-cf7734a81bcb.pdf) |
| 31 Aug 2016 - Hiran Orgochem Ltd has informed BSE regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. | [Disclosure under Reg. 30 of SEBI (LODR) Regulations, 2015 31 Aug 2016 - Hiran Orgochem Ltd has informed BSE regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1C987DD5_55C3_469E_A521_E114F7152588_081635.pdf) |
| 31 Aug 2016 - Hiran Orgochem Ltd has informed BSE regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. | [Disclosure under Reg. 30 of SEBI (LODR) Regulations, 2015 31 Aug 2016 - Hiran Orgochem Ltd has informed BSE regarding Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/8/1C987DD5_55C3_469E_A521_E114F7152588_081635.pdf) |
| 25 Feb - Siyaram Recycling secured Rs.1,99,60,290 Brass Scrap Honey order from Anurag Impex, execution within seven days. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 25 Feb - Siyaram Recycling secured Rs.1,99,60,290 Brass Scrap Honey order from Anurag Impex, execution within seven days.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcb48913-e1f5-4a10-87de-1d05af710379.pdf) |
| 2 Mar - Of Schedule of Analyst / Institutional Investor Meeting s under the SEBI ( Listing Obligations and Disclousure Rquirements) Regulations 2015 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Mar - Of Schedule of Analyst / Institutional Investor Meeting s under the SEBI ( Listing Obligations and Disclousure Rquirements) Regulations 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10782970-17e6-41df-80ce-51316c99431c.pdf) |
| 16 Feb - Siyaram Recycling secured Rs.2,04,00,831 order from Charbhuja Impex for Brass Scrap Honey, execution within six months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Feb - Siyaram Recycling secured Rs.2,04,00,831 order from Charbhuja Impex for Brass Scrap Honey, execution within six months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/486f94ed-b49c-45e6-9ddf-c6841e1fa863.pdf) |
| 11 Feb - Siyaram Recycling secured Rs3,405,267.60 order from Usha International for brass connectors; execution within six months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Feb - Siyaram Recycling secured Rs3,405,267.60 order from Usha International for brass connectors; execution within six months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb6a569a-5cb2-4ed5-b967-45d4cef617b0.pdf) |
| 11 Feb - Siyaram Recycling secured Rs.1,88,53,332 Brass Scrap Honey order from Charbhuja Impex; execution within six months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Feb - Siyaram Recycling secured Rs.1,88,53,332 Brass Scrap Honey order from Charbhuja Impex; execution within six months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0df0d48f-bc87-44e1-a4dc-116284bb6de4.pdf) |
| 11 Feb - Order from The Supreme Industries: 1,610,560 CPVC female inserts worth Rs1,748,760; to be executed within six months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Feb - Order from The Supreme Industries: 1,610,560 CPVC female inserts worth Rs1,748,760; to be executed within six months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67a5e540-b611-46d5-8d4e-4d132f04fc82.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/47244f8b-8bd0-4361-932f-baa8fca0eaff.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63fa922d-98f2-42bf-9ce7-641206567fb9.pdf) |
| from bse | [Annual Report 2014 from bse](http://www.bseindia.com/bseplus/AnnualReport/506170/5061700314.pdf) |
| from bse | [Annual Report 2013 from bse](http://www.bseindia.com/bseplus/AnnualReport/506170/5061700613.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/506170/5061700612.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/506170/5061700611.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/506170/5061700310.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:24:13.883Z.