Hemang Resources
Commercial Services
531178 BSE
₹9.00
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹9.00 −13.73 −60.4% 1Y
Start ₹22.73
Key Fundamentals
MicrocapCommercial ServicesServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- −2.03%
- Debt to Equity
- 0.07
- EPS (TTM)
- −₹0.86
- Book Value
- ₹17.88
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.50
- ROE
- −1.73%
- Dividend Yield
- 0.00%
- EBITDA
- −₹50.00 L
- 52W High
- ₹24.85
- 52W Low
- ₹6.86
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
55 Good
Data confidence 88/100
Category scores
- Quality
- 83
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 73
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 22
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 48
- Average
- Solvency, leverage, coverage 9% weight
- Momentum
- 9
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 46
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.50 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of -1.28% over last 3 years.
- Contingent liabilities of Rs.218 Cr.
- Company has high debtors of 1,156 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 6 | 6 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Bearish
Bearish
7
Neutral
6
Bullish
6
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 51.76
- Neutral
- MACD (12,26,9)
- −0.20
- Bullish
- SMA (50)
- 9.15
- Bearish
- SMA (200)
- 12.99
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −32.88% |
|---|---|
| 5Y | +140.70% |
| 3Y | −65.97% |
| 1Y | −8.18% |
| TTM | −29.70% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Loss narrowed by ₹4.61 Cr |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | −8.20% |
|---|---|
| 5Y | −6.27% |
| 3Y | Turned positive |
| 1Y | Tiny base |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −18.65 pp |
|---|---|
| 5Y | Tiny sales |
| 3Y | −21.45 pp |
| 1Y | −15.56 pp |
| TTM | −17.23 pp |
Revenue by year
| Mar 2017 | ₹250 Cr |
|---|---|
| Mar 2018 | ₹126 Cr |
| Mar 2019 | ₹37.04 Cr |
| Mar 2020 | ₹1.35 Cr |
| Mar 2021 | ₹0.10 Cr |
| Mar 2022 | ₹65.83 Cr |
| Mar 2023 | ₹205 Cr |
| Mar 2024 | ₹37.12 Cr |
| Mar 2025 | ₹8.80 Cr |
| Mar 2026 | ₹8.08 Cr |
Net profit by year
| Mar 2017 | −₹0.99 Cr |
|---|---|
| Mar 2018 | −₹11.85 Cr |
| Mar 2019 | −₹12.12 Cr |
| Mar 2020 | −₹4.81 Cr |
| Mar 2021 | −₹5.04 Cr |
| Mar 2022 | ₹19.52 Cr |
| Mar 2023 | ₹7.38 Cr |
| Mar 2024 | −₹1.09 Cr |
| Mar 2025 | ₹0.54 Cr |
| Mar 2026 | −₹0.43 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.46 | 5.37 | 0.38 | 6.91 | 0.31 | 0.96 | 0 | 7.53 | 1.24 | 0 | 0 | 6.84 | 0 |
| Expenses | 36.21 | 7.92 | 1.43 | 6.97 | 0.51 | 1.29 | 0.19 | 6.91 | 1.47 | 0.24 | 0.19 | 7.5 | 0.18 |
| Operating Profit | −11.75 | −2.55 | −1.05 | −0.06 | −0.2 | −0.33 | −0.19 | 0.62 | −0.23 | −0.24 | −0.19 | −0.66 | −0.18 |
| OPM % | −48.04% | −47.49% | −276.32% | −0.87% | −64.52% | −34.38% | — | 8.23% | −18.55% | — | — | −9.65% | — |
| Other Income | 0.1 | 1.83 | 0 | 10.25 | 0 | 0.01 | 0.48 | 0.47 | 0.77 | 0.02 | 0.01 | −0.01 | 0.01 |
| Interest | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −11.66 | −0.73 | −1.05 | 10.19 | −0.2 | −0.32 | 0.29 | 1.09 | 0.54 | −0.22 | −0.18 | −0.67 | −0.17 |
| Tax % | 0% | 0% | 0% | −21.3% | 0% | 0% | 0% | 29.36% | 0% | 0% | 0% | −17.91% | 0% |
| Net Profit | −11.66 | −0.73 | −1.05 | 12.35 | −0.2 | −0.32 | 0.29 | 0.77 | 0.54 | −0.22 | −0.18 | −0.56 | −0.17 |
| EPS (₹) | −8.83 | −0.55 | −0.8 | 9.36 | −0.15 | −0.24 | 0.22 | 0.58 | 0.41 | −0.17 | −0.14 | −0.42 | −0.13 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 628 | 435 | 250 | 126 | 37.04 | 1.35 | 0.1 | 65.83 | 205 | 37.12 | 8.8 | 8.08 | 6.84 |
| Expenses | 614 | 426 | 246 | 142 | 51.5 | 21.04 | 19.64 | 50.21 | 195 | 52.54 | 8.89 | 9.42 | 8.11 |
| Operating Profit | 13.99 | 9 | 4.05 | −15.9 | −14.46 | −19.69 | −19.54 | 15.62 | 9.98 | −15.42 | −0.09 | −1.34 | −1.27 |
| OPM % | 2.23% | 2.07% | 1.62% | −12.64% | −39.04% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 23.73% | 4.87% | −41.54% | −1.02% | −16.58% | −18.57% |
| Other Income | 2.14 | 3.57 | 4.77 | 8.19 | 0.47 | 13.71 | 13.49 | 12.86 | 1.13 | 12.18 | 0.96 | 0.8 | 0.03 |
| Interest | 7.55 | 10.77 | 10.27 | 9.46 | 2.36 | 0.24 | 0.47 | 0.27 | 0.13 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| PBT | 8.58 | 1.79 | −1.47 | −17.19 | −16.37 | −6.24 | −6.54 | 28.2 | 10.97 | −3.26 | 0.86 | −0.54 | −1.24 |
| Tax % | 32.87% | 27.93% | −32.65% | −31.06% | −25.96% | −22.92% | −22.94% | 30.78% | 32.73% | −66.56% | 37.21% | −22.22% | — |
| Net Profit | 5.75 | 1.29 | −0.99 | −11.85 | −12.12 | −4.81 | −5.04 | 19.52 | 7.38 | −1.09 | 0.54 | −0.43 | −1.13 |
| EPS (₹) | 4.36 | 0.98 | −0.75 | −8.98 | −9.18 | −3.64 | −3.82 | 14.79 | 5.59 | −0.83 | 0.41 | −0.33 | −0.86 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 |
| Reserves | 19.93 | 21.22 | 20.23 | 8.38 | −3.74 | −8.55 | −13.59 | 5.93 | 13.31 | 12.22 | 12.76 | 10.58 |
| Borrowings | 35.49 | 18.4 | 36.1 | 32.55 | 41.01 | 32.59 | 21.59 | 3.39 | 3.39 | 1.86 | 1.71 | 1.71 |
| Other Liabilities | 163 | 165 | 85.36 | 75.69 | 50.74 | 37.4 | 42.75 | 49.91 | 40.73 | 27.96 | 27.9 | 21.69 |
| Total Liabilities | 232 | 218 | 155 | 130 | 101 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
| Fixed Assets | 0.04 | 0.06 | 0.2 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.86 | 0.09 | 0.12 | 0.17 | 0.17 | 0.24 | 0.27 | 0.3 | 0.35 | 0.4 | 0.18 | 0 |
| Other Assets | 231 | 218 | 155 | 129 | 101 | 74.25 | 63.54 | 72 | 70.16 | 54.73 | 55.28 | 47.08 |
| Total Assets | 232 | 218 | 155 | 130 | 101 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 26.3 | 19.19 | −12.48 | 8.44 | −16.21 | 9.36 | 11.28 | 15.91 | −0.18 | 0.84 | 0.41 | 8.16 |
| Investing | −4.54 | 3.36 | −4.6 | 3.51 | 10.06 | −0.49 | 0.17 | 1.95 | −0.09 | 0.63 | 0.22 | −0.62 |
| Financing | −41.88 | −26.5 | 16.67 | −12.02 | 6.45 | −8.53 | −11.24 | −21.8 | 0 | −1.53 | −0.15 | −8 |
| Net Cash Flow | −20.11 | −3.94 | −0.4 | −0.08 | 0.3 | 0.34 | 0.2 | −3.94 | −0.27 | −0.06 | 0.48 | −0.45 |
| Free Cash Flow | 26.26 | 19.16 | −12.55 | 8.44 | −16.21 | 9.36 | 11.28 | 15.9 | −0.18 | 0.84 | 0.41 | 8.16 |
| CFO/OP | 188 | 213 | −308 | −53 | 112 | −48 | −58 | 102 | −2 | −6 | −489 | −609 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98.14 | 131 | 132 | 187 | 492 | 7,879 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 206 | 70.81 | 184 | 1,065 | 1,156 |
| Inventory Days | 18.45 | 21.44 | 34.66 | 75.93 | 151 | 4,672 | 2,555 | 145 | 33.06 | 166 | 1,166 | 429 |
| Days Payable | 92.65 | 140 | 112 | 177 | 386 | 8,424 | 5,144 | 274 | 48.92 | 150 | 1,311 | 848 |
| Cash Conversion Cycle | 23.94 | 11.7 | 54.4 | 85.6 | 257 | 4,127 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 78.16 | 54.96 | 200 | 921 | 737 |
| Working Capital Days | 13.01 | 22.93 | 13.26 | −4.99 | −159 | −3,569 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 117 | 50.36 | 240 | 1,129 | 760 |
| ROCE % | 19.37% | 20.69% | 14.38% | −12.5% | −26.79% | −13.68% | −20.77% | 130.24% | 42.35% | −11.37% | 3.13% | −2.03% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hemang Resources insights
60 extracted metrics across FY11–FY27.
Documents
- 12 Sep 2025
- 11 Jul 2024
- 29 May 2023
- 13 Apr 2022
- 26 Feb 2021
- General announcements 6 Oct 2026
Frequently Asked Questions about Hemang Resources
What does Hemang Resources Ltd do?
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.
Where is Hemang Resources Ltd (HEMANG) listed?
Hemang Resources Ltd trades under code 531178 on the BSE.
Which sector does Hemang Resources Ltd belong to?
Hemang Resources Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the 52-week high and low of Hemang Resources Ltd?
Over the last 52 weeks Hemang Resources Ltd has traded between ₹6.86 and ₹24.85 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Hemang Resources Ltd?
Hemang Resources Ltd reported a return on equity of -1.73%. Its debt-to-equity ratio is 0.07.
Company Information
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.
Website bhatiacoalindia.com
Face Value ₹10
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