---
title: "Hindustan Organic Chemicals Ltd (HOCL) — Share Price, Financials & Analysis"
symbol: "HOCL"
company: "Hindustan Organic Chemicals Ltd"
canonical: "https://tapetide.com/stocks/HOCL"
bse_code: "500449"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T18:26:25.097Z"
---

# Hindustan Organic Chemicals Ltd (HOCL)

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

## Company

- **BSE Code:** 500449
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hocl.gov.in / www.hoclindia.gov.in

## About

Incorporated in 1960, Hindustan Organic Chemicals Ltd is in the business of bulk industrial chemicals and chemical intermediates[1]

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.24 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.09% over past five years.
- Contingent liabilities of Rs.112 Cr.
- Earnings include an other income of Rs.18.2 Cr.
- Working capital days have increased from 242 days to 442 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 97% | 17% | — |
| revenue growth | -21% | -3% | 7% |

## 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 | 188.73 | 186.82 | 182.87 | 59.36 | 174.72 | 165.16 | 136.62 | 163.89 | 126.27 | 147.24 | 136.36 | 96 |
| Expenses | 177.26 | 189.97 | 183.42 | 82.88 | 174.67 | 191.07 | 173.37 | 177.31 | 143.45 | 150.87 | 119.71 | 91.16 |
| Operating Profit | 11.47 | -3.15 | -0.55 | -23.52 | 0.05 | -25.91 | -36.75 | -13.42 | -17.18 | -3.63 | 16.65 | 4.84 |
| OPM % | 6.08 | -1.69 | -0.3 | -39.62 | 0.03 | -15.69 | -26.9 | -8.19 | -13.61 | -2.47 | 12.21 | 5.04 |
| Other Income | 4.7 | 3.53 | 6.68 | 4.64 | 5.05 | -34.53 | 550.76 | 12.62 | 4.75 | 5.4 | 3.62 | 4.44 |
| Interest | 17.45 | 17.68 | 17.48 | 16.05 | 18.15 | 18.26 | -9.6 | 4.98 | 5.26 | 5.13 | 5.05 | 4.95 |
| Depreciation | 0.36 | 0.37 | 0.39 | 0.38 | 0.45 | 0.46 | 0.35 | 0.44 | 0.48 | 0.52 | 0.5 | 0.49 |
| Profit before tax | -1.64 | -17.67 | -11.74 | -35.31 | -13.5 | -79.16 | 523.26 | -6.22 | -18.17 | -3.88 | 14.72 | 3.84 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0.64 | 0 | 0 | 0 | -6.59 | 0 |
| Net Profit | -1.65 | -17.67 | -11.74 | -35.31 | -13.51 | -79.16 | 519.93 | -6.22 | -18.16 | -3.88 | 15.69 | 3.84 |
| EPS in Rs | -0.21 | -2.65 | -1.77 | -5.27 | -2.03 | -11.76 | 77.39 | -0.94 | -2.7 | -0.58 | 2.34 | 0.57 |

### 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 | 275 | 503 | 325 | 407 | 434 | 631 | 704 | 536 | 574 | 506 |
| Expenses | 442 | 475 | 384 | 381 | 433 | 625 | 705 | 622 | 591 | 505 |
| Operating Profit | -167 | 28 | -58 | 27 | 1 | 6 | -1 | -86 | -18 | 1 |
| OPM % | -61 | 6 | -18 | 7 | 0.2 | 1 | -0.1 | -16 | -3.1 | 0.1 |
| Other Income | 63 | 117 | 21 | 21 | 34 | 6 | 18 | 526 | 26 | 18 |
| Interest | 78 | 68 | 58 | 54 | 66 | 67 | 70 | 43 | 20 | 20 |
| Depreciation | 6 | 3 | 3 | 3 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | -187 | 73 | -98 | -8 | -32 | -55 | -54 | 395 | -14 | -3 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -7 | — |
| Net Profit | -187 | 73 | -98 | -8 | -32 | -55 | -54 | 392 | -13 | -3 |
| EPS in Rs | -27.79 | 10.79 | -14.33 | 0.38 | -4.41 | -7.95 | -8.13 | 58.32 | -1.9 | -0.37 |
| 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 52 | -33 | 44 | -50 | -36 | -72 | -118 | -119 | 978 | 964 |
| Borrowings | 603 | 609 | 606 | 521 | 518 | 1226 | 1286 | 1362 | 206 | 285 |
| Other Liabilities | 1103 | 1018 | 837 | 841 | 895 | 258 | 242 | 264 | 311 | 229 |
| Total Liabilities | 1825 | 1662 | 1555 | 1379 | 1444 | 1479 | 1478 | 1575 | 1563 | 1545 |
| Fixed Assets | 1689 | 154 | 170 | 174 | 136 | 155 | 165 | 226 | 227 | 231 |
| CWIP | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 131 | 1508 | 1384 | 1204 | 1309 | 1324 | 1313 | 1349 | 1331 | 1313 |
| Total Assets | 1825 | 1662 | 1555 | 1379 | 1444 | 1479 | 1478 | 1575 | 1563 | 1545 |

### 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 | 59 | -451 | -160 | -81 | -50 | 10 | -13 | -66 | 631 | -70 |
| Cash from Investing Activity | 0 | 343 | 112 | 164 | 8 | 11 | 7 | 56 | 10 | 12 |
| Cash from Financing Activity | -59 | 179 | 3 | -90 | 52 | -32 | -10 | 6 | -642 | 58 |
| Net Cash Flow | 0 | 72 | -45 | -8 | 9 | -11 | -16 | -4 | -1 | 0 |
| Free Cash Flow | 59 | -109 | -53 | 75 | -49 | 10 | -14 | -67 | 624 | -72 |
| CFO/OP | -37 | 270 | -573 | 139 | -185 | 1182 | -202 | 6570 | -733 | 401 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 19 | 11 | 17 | 14 | 3 | 7 | 11 | 10 | 11 | 5 |
| Inventory Days | 319 | 176 | 74 | 95 | 103 | 111 | 44 | 53 | 52 | 44 |
| Days Payable | 941 | 477 | 133 | 66 | 30 | 58 | 34 | 50 | 42 | 14 |
| Cash Conversion Cycle | -604 | -291 | -43 | 43 | 76 | 60 | 21 | 13 | 21 | 36 |
| Working Capital Days | -2729 | 330 | 235 | 79 | -15 | -134 | -159 | -199 | 483 | 442 |
| ROCE % | -91 | -17 | 16 | -7 | 9 | 4 | 1 | 1 | -5 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.41% |
| DIIs | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 41.2% | 41.21% | 41.21% | 41.21% | 41.21% | 41.21% | 41.21% | 41.22% | 41.2% | 41.2% | 41.2% | 40.8% |
| No. of Shareholders | 53061 | 52381 | 50468 | 49404 | 48598 | 48179 | 49128 | 47994 | 53784 | 61922 | 60539 | 59322 |

### 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 | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% | 58.78% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.41% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 41.19% | 41.22% | 41.2% | 41.22% | 41.2% | 41.21% | 41.2% | 41.21% | 41.2% | 41.21% | 41.2% | 40.8% |
| No. of Shareholders | 47229 | 49503 | 53784 | 56879 | 60134 | 59953 | 61922 | 62163 | 61587 | 61381 | 60539 | 59322 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 37 | Sell |
| EMA (10) | 37.03 | Sell |
| SMA (20) | 37.18 | Sell |
| EMA (20) | 37.23 | Sell |
| SMA (50) | 37.62 | Sell |
| EMA (50) | 37.34 | Sell |
| SMA (100) | 37.19 | Sell |
| EMA (100) | 36.47 | Buy |
| SMA (200) | 33.52 | Buy |
| EMA (200) | 35.23 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.24 | Neutral |
| MACD (12,26,9) | -0.25 | Sell |
| Stochastic (14,3,3) | 31.19 | Neutral |
| ADX (14) | 7.93 | Neutral |
| Williams %R (14) | -72.2 | Neutral |
| ATR (14) | 1.43 | High Volatility |
| ROC (12) | -0.43 | Sell |
| Stoch RSI (14) | 44.23 | Neutral |
| UO (7,14,28) | 44.3 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - CAG reappointed M/s. Balan & Co as HOCL statutory auditor for FY 2026-27. | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 8 Sep - CAG reappointed M/s. Balan & Co as HOCL statutory auditor for FY 2026-27.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1496c221-aa3d-49cf-8b2b-53814f54bb7f.pdf) |
| 28 Aug - Newspaper Ad w.r.t AGM Notice is hereby submitted | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Aug - Newspaper Ad w.r.t AGM Notice is hereby submitted](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20195254-ff32-4088-ab94-386f3e3468d7.pdf) |
| 27 Aug - 65th AGM on 25 September 2026 at 3:30 p.m. via VC/OAVM. | [AGM Notice 27 Aug - 65th AGM on 25 September 2026 at 3:30 p.m. via VC/OAVM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd6f082c-2b90-4975-8d1a-d53d54660625.pdf) |
| 26 Aug - Newspaper Ad informing AGM is submitted | [Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug - Newspaper Ad informing AGM is submitted](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ec13b3b-0235-49d6-b309-9ec701507edc.pdf) |
| 15 Aug - Smt. Sarita Gena appointed Non-official Independent Director for three years from 14.08.2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 15 Aug - Smt. Sarita Gena appointed Non-official Independent Director for three years from 14.08.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83c3a0ff-ae23-4d3c-89cc-8fbe5ea56e7e.pdf) |
| — | [Reg. 34 (1) Annual Report. 27 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2e47cd0-101a-445d-a2b1-3c954c174265.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ed9f46a4-ea9e-4f06-b0df-1a381915ab8e.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0368fefd-a7e1-4507-a70c-5295a784dbb9.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/283097d4-6858-4287-908e-62d7d735bf00.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/76083500449.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/71767500449.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/66437500449_08_10_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/5004490319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/5004490318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/5004490317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/500449/5004490316.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 2026-09-13T18:26:25.097Z.