---
title: "Hindcon Chemicals Ltd (HINDCON) — Share Price, Financials & Analysis"
symbol: "HINDCON"
company: "Hindcon Chemicals Ltd"
canonical: "https://tapetide.com/stocks/HINDCON"
isin: "INE642Y01029"
nse_symbol: "HINDCON"
sector: "Chemicals"
industry: "Specialty Chemicals"
market_cap_cr: 117.58
generated_at: "2026-09-13T18:36:57.232Z"
---

# Hindcon Chemicals Ltd (HINDCON)

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

## Company

- **NSE Symbol:** HINDCON
- **ISIN:** INE642Y01029
- **Sector:** Chemicals
- **Industry:** Specialty Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2021-07-05
- **CEO:** Mr. Sanjay Goenka
- **Employees:** 124
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** hindcon.com

## About

Incorporated in 1998, Hindcon Chemicals Ltd does manufacturing & sale of Sodium Silicate 
& construction chemicals and trading activities[1]

## Latest Price

- **Price:** ₹24.09
- **Change:** +0.75 (+3.21%)
- **Open:** ₹23.9
- **Day High:** ₹24.63
- **Day Low:** ₹22.36
- **Previous Close:** ₹23.34
- **Volume:** 24080
- **As Of:** 2026-09-11T09:59:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:33.859584Z.

- **Market Cap:** ₹117.58 Cr
- **Classification:** Microcap
- **P/E (reported):** 29.5
- **P/E (TTM):** 28.68
- **EPS (TTM):** ₹0.84
- **Book Value:** ₹11.65
- **Price to Book:** 2
- **Dividend Yield:** 2.57%
- **ROE:** 7.01%
- **ROCE:** 9.58%
- **Debt to Equity:** 0.19
- **Revenue (yearly):** ₹65.02 Cr
- **Net Income:** ₹3.35 Cr
- **EBITDA:** ₹3.65 Cr
- **52-Week High:** ₹37.75
- **52-Week Low:** ₹15.66
- **RSI (14):** 51.68

## Tapetide Score

- **Score:** 54 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 65.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 81.92 | 9% |
| growth | 64.6 | 9% |
| momentum | 79.76 | 12% |
| ownership | 50.35 | 24% |
| quality | 51.13 | 22% |
| valuation | 39.2 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- The company has delivered a poor sales growth of 7.99% over past five years.
- Company has a low return on equity of 8.58% over last 3 years.
- Earnings include an other income of Rs.2.43 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -70.04% | -48.79% | -42.47% |
| ebitda margin growth | 131.25% | -48.14% | -59.05% | -41.99% |
| net income growth | 187.5% | -11.84% | -9% | -7% |
| revenue growth | 2.82% | 11.15% | -9% | 8% |
| roce | 163.57% | -42.22% | -31.91% | 14.78% |
| roe | 207.89% | -43.15% | 9.84% | -47.96% |

## Financial Statements

### Quarterly Results

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

| Item | 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 | 19.46 | 13.44 | 14.34 | 12.91 | 12.96 | 15.27 | 15.44 | 14.88 | 15.32 | 14.23 | 20.6 | 21.29 |
| Expenses | 18.44 | 12.25 | 12.55 | 11.18 | 12.71 | 14.06 | 14.4 | 13.18 | 14.57 | 13.92 | 19.7 | 18.23 |
| Operating Profit | 1.02 | 1.19 | 1.79 | 1.73 | 0.25 | 1.21 | 1.04 | 1.7 | 0.75 | 0.31 | 0.9 | 3.06 |
| OPM % | 5.24 | 8.85 | 12.48 | 13.4 | 1.93 | 7.92 | 6.74 | 11.42 | 4.9 | 2.18 | 4.37 | 14.37 |
| Other Income | 0.31 | 0.29 | 0.67 | 0.35 | 0.74 | 0.86 | -0.05 | 0.43 | 0.55 | 0.56 | 0.7 | 0.62 |
| Interest | 0.03 | 0.01 | 0.02 | 0 | 0.02 | 0.01 | 0.05 | 0.04 | 0.1 | 0.16 | 0.18 | 0.11 |
| Depreciation | 0.07 | 0.08 | 0.14 | 0.19 | 0.2 | 0.2 | 0.23 | 0.21 | 0.23 | 0.28 | 0.3 | 0.28 |
| Profit before tax | 1.23 | 1.39 | 2.3 | 1.89 | 0.77 | 1.86 | 0.71 | 1.88 | 0.97 | 0.43 | 1.12 | 3.29 |
| Tax % | 30.08 | 27.34 | 21.74 | 30.16 | 23.38 | 25.81 | 22.54 | 28.19 | 25.77 | 44.19 | 31.25 | 28.57 |
| Net Profit | 0.88 | 1.01 | 1.8 | 1.31 | 0.58 | 1.37 | 0.55 | 1.35 | 0.72 | 0.24 | 0.76 | 2.34 |
| EPS in Rs | 0.17 | 0.2 | 0.35 | 0.25 | 0.11 | 0.27 | 0.11 | 0.26 | 0.14 | 0.06 | 0.16 | 0.48 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35.28 | 44.4 | 44.07 | 44.27 | 66.62 | 85.59 | 64.51 | 56.59 | 65.02 | 71.44 |
| Expenses | 30.49 | 40.65 | 40.55 | 39.71 | 61.63 | 80.42 | 57.41 | 52.35 | 61.36 | 66.42 |
| Operating Profit | 4.79 | 3.75 | 3.52 | 4.56 | 4.99 | 5.17 | 7.1 | 4.24 | 3.66 | 5.02 |
| OPM % | 13.58 | 8.45 | 7.99 | 10.3 | 7.49 | 6.04 | 11.01 | 7.49 | 5.63 | 7.03 |
| Other Income | 0.98 | 0.57 | 1 | 2.15 | 1.37 | 1.19 | 1.68 | 1.89 | 2.24 | 2.43 |
| Interest | 0.52 | 0.23 | 0.09 | 0.08 | 0.02 | 0.05 | 0.08 | 0.08 | 0.48 | 0.55 |
| Depreciation | 0.14 | 0.13 | 0.14 | 0.18 | 0.25 | 0.29 | 0.35 | 0.82 | 1.02 | 1.09 |
| Profit before tax | 5.11 | 3.96 | 4.29 | 6.45 | 6.09 | 6.02 | 8.35 | 5.23 | 4.4 | 5.81 |
| Tax % | 22.31 | 28.03 | 33.33 | 25.89 | 30.05 | 27.74 | 25.39 | 26.58 | 30 | — |
| Net Profit | 3.98 | 2.82 | 2.84 | 4.77 | 4.26 | 4.36 | 6.23 | 3.83 | 3.08 | 4.06 |
| EPS in Rs | 0.78 | 0.55 | 0.55 | 0.92 | 0.83 | 0.84 | 1.21 | 0.74 | 0.63 | 0.84 |
| Dividend Payout % | 0 | 16.32 | 24.31 | 24.32 | 30.83 | 0 | 12.41 | 60.55 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.85 | 10.24 | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 | 7.67 | 7.71 |
| Reserves | 14.23 | 15.47 | 22.42 | 24.67 | 27.78 | 31.47 | 34.68 | 42.28 | 46.35 | 49.39 |
| Borrowings | 5.02 | 0.82 | 0.18 | 0.3 | 0.99 | 1.24 | 0.98 | 0 | 0.77 | 10.8 |
| Other Liabilities | 5.94 | 6.6 | 5.95 | 6.73 | 6.78 | 12.23 | 10.31 | 9.62 | 8.79 | 8.59 |
| Total Liabilities | 26.04 | 33.13 | 36.22 | 39.37 | 43.22 | 52.61 | 53.64 | 59.57 | 63.58 | 76.49 |
| Fixed Assets | 1.11 | 1.08 | 1 | 1.13 | 1.41 | 1.72 | 2.57 | 6.25 | 7.11 | 8.73 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0.39 | 0 | 0 | 0 |
| Investments | 0.81 | 3.24 | 4.32 | 4.47 | 2.79 | 3.21 | 2.19 | 4.66 | 4.76 | 3.64 |
| Other Assets | 24.12 | 28.81 | 30.9 | 33.77 | 39.02 | 47.68 | 48.49 | 48.66 | 51.71 | 64.12 |
| Total Assets | 26.04 | 33.13 | 36.22 | 39.37 | 43.22 | 52.61 | 53.64 | 59.57 | 63.58 | 76.49 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.7 | 2.44 | -1.98 | 2.12 | 4.78 | -4.44 | 5.37 | 9.18 | 2.75 | -3.9 |
| Cash from Investing Activity | 0.48 | -1.35 | -0.27 | 0.18 | 0.79 | 1.88 | 0.75 | -6.49 | -5.68 | -4.84 |
| Cash from Financing Activity | -0.87 | 2.24 | -0.78 | -0.47 | -0.01 | -1.7 | -0.84 | -1.44 | 0.31 | 10.16 |
| Net Cash Flow | 0.31 | 3.33 | -3.03 | 1.83 | 5.56 | -4.26 | 5.27 | 1.26 | -2.63 | 1.42 |
| Free Cash Flow | 0.33 | 2.27 | -2.03 | 1.89 | 4.32 | -4.98 | 3.84 | 5.54 | 0.4 | -6.52 |
| CFO/OP | 48 | 79 | -18 | 89 | 136 | -45 | 134 | 162 | 106 | -91 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 199.5 | 189.43 | 159.56 | 164.24 | 158.38 | 144.42 | 111.65 | 125.83 | 139.38 | 126.81 |
| Inventory Days | 13.08 | 43.62 | 28.94 | 22.98 | 21.77 | 24.26 | 17.35 | 12.03 | 18.18 | 52.19 |
| Days Payable | 50.92 | 55.52 | 39.08 | 54.34 | 50.63 | 53.69 | 38.78 | 42.55 | 49.05 | 37.42 |
| Cash Conversion Cycle | 161.66 | 177.53 | 149.42 | 132.88 | 129.53 | 115 | 90.22 | 95.32 | 108.51 | 141.58 |
| Working Capital Days | 128.68 | 169.67 | 189.98 | 198.19 | 159.46 | 152.75 | 114.63 | 128.27 | 148.15 | 141.74 |
| ROCE % | 19.92 | 21.2 | 14.7 | 13.98 | 18.85 | 15.69 | 14.34 | 17.87 | 9.97 | 7.85 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.34% | 68.52% | 68.52% | 68.64% | 68.64% | 68.64% | 68.67% | 68.71% | 68.71% | 68.71% | 68.76% | 68.81% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.77% | 23.78% | 24% | 24.61% | 24.87% | 25.08% | 24.89% | 24.82% | 24.64% | 24.63% | 24.51% | 24.2% |
| Others | 11.89% | 7.7% | 7.48% | 6.76% | 6.49% | 6.29% | 6.44% | 6.47% | 6.65% | 6.66% | 6.72% | 6.98% |
| No. of Shareholders | 10937 | 23797 | 28124 | 26744 | 28956 | 31337 | 30708 | 30136 | 29663 | 28915 | 28217 | 27577 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 7 / 0

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23.82 | Buy |
| EMA (10) | 23.72 | Buy |
| SMA (20) | 23.23 | Buy |
| EMA (20) | 23.39 | Buy |
| SMA (50) | 22.47 | Buy |
| EMA (50) | 22.77 | Buy |
| SMA (100) | 22.37 | Buy |
| EMA (100) | 22.64 | Buy |
| SMA (200) | 22.92 | Buy |
| EMA (200) | 24.08 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.67 | Neutral |
| MACD (12,26,9) | 0.44 | Buy |
| Stochastic (14,3,3) | 49.19 | Neutral |
| ADX (14) | 14.78 | Neutral |
| Williams %R (14) | -42.56 | Neutral |
| ATR (14) | 1.43 | High Volatility |
| ROC (12) | 0.37 | Buy |
| Stoch RSI (14) | 51.23 | Neutral |
| UO (7,14,28) | 47.77 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-20 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDCON_20082026173636_HindconAGMProceeding.pdf) |
| 2026-08-20 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDCON_20082026174214_HINDCONOUTANDSR.pdf) |
| 2026-08-13 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDCON_13082026150354_HINDCONNP13082026.pdf) |
| 2026-07-28 | [General Updates](https://nsearchives.nseindia.com/corporate/HINDCON_28072026132912_CompdespatchARF.pdf) |
| 2026-07-28 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HINDCON_28072026133201_NPHindconF.pdf) |
| 2026-07-27 | [Updates](https://nsearchives.nseindia.com/corporate/HINDCON_27072026144821_BookclosureF.pdf) |
| 2026-07-27 | [Updates](https://nsearchives.nseindia.com/corporate/HINDCON_27072026144140_HindconARF.pdf) |
| 2026-07-27 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/HINDCON_27072026145116_NoticeAGMF.pdf) |
| 2026-07-10 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/HINDCON_10072026160242_REG74_5_.pdf) |
| 2026-06-23 | [Trading Window](https://nsearchives.nseindia.com/corporate/HINDCON_23062026121017_HINDCON.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_12082026155618_HINDCONBM12082026.pdf) |
| 2026-05-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_14052026190133_HINDCONBM14052026.pdf) |
| 2026-02-02 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_02022026171247_HINDCONBM02022026.pdf) |
| 2026-02-02 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_02022026170830_HINDCONBM02022026.pdf) |
| 2025-11-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_14112025170601_HindconBM14112025.pdf) |
| 2025-11-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_14112025170930_HindconBM14112025.pdf) |
| 2025-10-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_07102025144115_HindconBMOutcome07102025F.pdf) |
| 2025-10-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HINDCON_07102025144430_HindconBMOutcome07102025F.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 9 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/get-quotes/equity?symbol=HINDCON) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_30015_HINDCON_2025_2026_A_17379675_27072026144505.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27873_HINDCON_2024_2025_A_9116869_29082025154813.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24705_HINDCON_2023_2024_2907202415300.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23931_HINDCON_2022_2023_11102023165744_10112023170001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18699_HINDCON_2020_2021_11082021150003_11082021160003.zip) |

---

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 2026-09-13T18:36:57.232Z.