Hindcon Chemicals Limited (HINDCON.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-48.0%

₹12.95

vs ₹24.90 price

Levered DCF

-₹3.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.94×	32.11×	31.49×	14.01×	12.65×	3.96×	2.97×	6×
P/B	1.13×	2.26×	3.89×	1.43×	0.27×	0.11×	0.26×	0.57×
P/S	0.99×	2.16×	3.01×	0.71×	0.16×	0.08×	0.19×	0.39×
EV / EBITDA	11.48×	27.55×	21.15×	8.52×	1.72×	-0.26×	1.5×	3.81×
Gross margin	16.8%	29.4%	27.9%	12.6%	18.5%	22.9%	24.3%	21.4%
Operating margin	4.1%	19.2%	20.0%	6.4%	8.0%	11.1%	16.5%	7.1%
Net margin	5.0%	6.7%	9.6%	5.0%	6.4%	10.7%	6.4%	6.4%
Current ratio	3.46×	5.36×	4.95×	4.56×	3.56×	4.83×	5.07×	5.16×
Debt / equity	0.19×	0.01×	0×	0.02×	0.03×	0.03×	0.01×	0.01×
Interest coverage	5.51×	140.65×	170.41×	109×	238.65×	58.68×	81.89×	19.41×
Dividend yield	0.0%	0.3%	0.2%	0.9%	18.1%	18.5%	7.0%	0.0%
Payout ratio	0.0%	10.1%	6.3%	12.4%	45.5%	14.6%	20.7%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	7.0%	12.4%	10.2%	10.8%	13.4%	8.8%	9.4%
Return on invested capital	2.7%	14.2%	18.9%	9.0%	9.2%	9.7%	14.7%	7.4%
Return on assets	4.2%	6.0%	10.4%	8.1%	8.0%	10.6%	7.2%	7.8%
Free cash flow yield	-9.0%	0.3%	2.8%	6.3%	-46.8%	162.2%	20.2%	-11.3%
Earnings yield	5.0%	3.1%	3.2%	7.1%	39.8%	126.7%	33.7%	16.6%
Enterprise value	₹677.1M	₹1.2B	₹1.9B	₹542M	₹96.5M	-₹17.6M	₹56.6M	₹159M
Net debt / EBITDA	0.55×	-1.27×	-1×	-1.03×	-0.18×	-0.82×	-0.74×	-0.27×
Cash conversion cycle (days)	190	109	117	111	149	129	184	189