---
title: "Oxides & Specialities Ltd (HERDIOXIDE) — Share Price, Financials & Analysis"
symbol: "HERDIOXIDE"
company: "Oxides & Specialities Ltd"
canonical: "https://tapetide.com/stocks/HERDIOXIDE"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:26:04.462Z"
---

# Oxides & Specialities Ltd (HERDIOXIDE)

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

## Company

- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** oxides.in

## About

Oxides & Specialities manufactures and supplies iron oxides and iron oxide pigments in India.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -50% | 25% | 15% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.02 | 0.02 | 0 | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 |
| Operating Profit | -0.01 | -0.02 | -0.02 | 0 | -0.05 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 |
| Other Income | 0.12 | 0.18 | 0 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 |
| Interest | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.11 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 |
| Profit before tax | 0 | 0.09 | -0.09 | 0.02 | -0.04 | 0.01 | 0.01 | 0 | -0.02 | 0 | 0 | -0.01 |
| Tax % | — | 0 | 0 | 0 | 0 | 0 | 0 | — | 0 | — | — | 0 |
| Net Profit | 0 | 0.09 | -0.09 | 0.01 | -0.04 | 0.01 | 0.01 | 0 | -0.02 | 0 | 0 | -0.01 |

### Profit & Loss

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

| Item | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.28 | 0.13 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 1.97 | 0.67 | 0.38 | 0.33 | 0.32 | 0.27 | 0.22 | 0.1 | 0.1 | 0.06 |
| Operating Profit | -1.69 | -0.54 | -0.28 | -0.33 | -0.32 | -0.27 | -0.22 | -0.1 | -0.1 | -0.06 |
| OPM % | -603.57 | -415.38 | -280 | — | — | — | — | — | — | — |
| Other Income | 0.04 | 0 | 0 | 0 | 0.31 | 0 | 0 | 0.12 | 0.36 | 0.31 |
| Interest | 0 | 0.14 | 0.12 | 0.08 | 0 | 0 | 0.01 | 0 | 0.01 | 0 |
| Depreciation | 1.72 | 1.57 | 1.64 | 1.54 | 0.32 | 0.32 | 0.32 | 0.29 | 0.29 | 0.28 |
| Profit before tax | -3.37 | -2.25 | -2.04 | -1.95 | -0.33 | -0.59 | -0.55 | -0.27 | -0.04 | -0.03 |
| Tax % | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -3.38 | -2.25 | -2.04 | -1.95 | -0.34 | -0.6 | -0.55 | -0.26 | -0.03 | -0.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 | 11.67 |
| Reserves | -19.53 | -22.91 | -26.89 | -28.93 | -26.26 | -24.47 | -24.7 | -25.9 | -26.38 | -26.82 |
| Borrowings | 17.95 | 17.66 | 18.66 | 18.91 | 14.32 | 14.32 | 14.32 | 15.17 | 15.2 | 15.22 |
| Other Liabilities | 4.19 | 6.48 | 4.03 | 4.17 | 6.5 | 5.29 | 5.17 | 5.18 | 5.35 | 5.53 |
| Total Liabilities | 14.28 | 12.9 | 7.47 | 5.82 | 6.23 | 6.81 | 6.46 | 6.12 | 5.84 | 5.6 |
| Fixed Assets | 13.46 | 11.6 | 6.66 | 5.05 | 3.51 | 5.66 | 5.34 | 5.01 | 4.73 | 4.44 |
| CWIP | 0 | 0 | 0 | 0.01 | 1.58 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0.82 | 1.3 | 0.81 | 0.76 | 1.14 | 1.15 | 1.12 | 1.11 | 1.11 | 1.16 |
| Total Assets | 14.28 | 12.9 | 7.47 | 5.82 | 6.23 | 6.81 | 6.46 | 6.12 | 5.84 | 5.6 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.1 | 0.22 | -0.68 | -0.13 | -0.9 | -0.35 | -0.39 | -0.22 | 0.19 | 0.42 |
| Cash from Investing Activity | 0 | 0.05 | 0.01 | -0.03 | -1.58 | 0.28 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 0.13 | -0.3 | 0.71 | 0.12 | 2.46 | 0.1 | 0.37 | 0.2 | -0.19 | -0.4 |
| Net Cash Flow | 0.03 | -0.03 | 0.04 | -0.04 | -0.02 | 0.03 | -0.02 | -0.02 | 0 | 0.02 |
| Free Cash Flow | -0.1 | 0.27 | -0.68 | -0.16 | -2.48 | -0.07 | -0.39 | -0.22 | 0.19 | 0.42 |
| CFO/OP | 18 | -13 | 126 | 46 | 273 | 109 | 144 | 100 | -190 | -420 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 973.33 | 169.46 | 168.46 | 219 | — | — | — | — | — | — |
| Inventory Days | 20440 | 717.83 | 2555 | 2190 | — | — | — | — | — | — |
| Days Payable | 127385 | 4562.5 | 20075 | 13809.17 | — | — | — | — | — | — |
| Cash Conversion Cycle | -105971.67 | -3675.2 | -17351.54 | -11400.17 | — | — | — | — | — | — |
| Working Capital Days | -41610 | -6778.57 | -9237.31 | -12556 | — | — | — | — | — | — |
| ROCE % | — | -40.46 | — | -75.44 | -271.01 | -102.4 | -41.99 | -48.43 | -37.76 | -10.71 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 30.31 | Sell |
| EMA (10) | 30.12 | Sell |
| SMA (20) | 30.63 | Sell |
| EMA (20) | 30.69 | Sell |
| SMA (50) | 32.3 | Sell |
| EMA (50) | 31.98 | Sell |
| SMA (100) | 33.57 | Sell |
| EMA (100) | 33.04 | Sell |
| SMA (200) | 34.28 | Sell |
| EMA (200) | 33.75 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.92 | Neutral |
| MACD (12,26,9) | -0.76 | Sell |
| Stochastic (14,3,3) | 36.26 | Neutral |
| ADX (14) | 24.46 | Neutral |
| Williams %R (14) | -64.15 | Neutral |
| ATR (14) | 2.64 | High Volatility |
| ROC (12) | 0.78 | Buy |
| Stoch RSI (14) | 56.66 | Neutral |
| UO (7,14,28) | 41.51 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| — | [Quarterly Financial Result 31/12/2017 14 Feb 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=246d1d87-63c0-49be-86ac-81d918e92184.pdf) |
| — | [Quarterly Financial Result 31/12/2017 14 Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/246d1d87-63c0-49be-86ac-81d918e92184.pdf) |
| — | [Outcome of Board Meeting 14 Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=708da342-97a8-46ff-86c8-6dedc5f1fee1.pdf) |
| — | [Outcome of Board Meeting 14 Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/708da342-97a8-46ff-86c8-6dedc5f1fee1.pdf) |
| — | [Board Meeting To Be Held On 14/11/2017 10 Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e78dbdd1-30c2-4b9e-b9b9-bf17fd1128b5.pdf) |
| — | [Board Meeting To Be Held On 14/11/2017 10 Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/e78dbdd1-30c2-4b9e-b9b9-bf17fd1128b5.pdf) |
| — | [Outcome of AGM 20 Sep 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e9487dc-7421-40af-a932-54c4e8508e8e.pdf) |
| — | [Outcome of AGM 20 Sep 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/9/4e9487dc-7421-40af-a932-54c4e8508e8e.pdf) |
| — | [Fixes Book Closure for AGM 29 Aug 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73939E4A_0239_4B02_A7B8_5B2582D31491_140419.pdf) |
| — | [Fixes Book Closure for AGM 29 Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/73939E4A_0239_4B02_A7B8_5B2582D31491_140419.pdf) |

---

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 2026-09-13T18:26:04.462Z.