HPILCommodities

Hindprakash Industries Limited

Dyes And Pigments · ISIN INE05X901010 · BSE 543645 · NSE EQ · FV ₹10
Last price
₹118
-1.78%today
What this company does

Hindprakash Industries Limited operates in Dyes And Pigments, part of the Commodities sector. It booked ₹27 cr of revenue in its latest quarter (Q4 FY24) and kept 0.9% of sales as profit.

In the report:
38out of 100
Equitytale Health Score
Strained

Healthier than 38% of companies in Commodities, on the 5 of 6 measures we could read for it. Each measure is ranked against the 141–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns23

How much profit it earns on the money it employs

Balance sheet28

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 75%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.9% net margin
! Sales down 39% vs last year
! Profit down 86% vs last year
! Low 2.0% return on equity

What if I invest in HPIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹118 -1.78%
latest close · 2026-09-17
1-year return
+185.4%
52-wk low ₹4052-wk high ₹139
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio133.9High
LowAverageHigh
P/B ratio2.68Moderate
Below bookModerateHigh
EV / EBITDA34.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.0%Weak
WeakFairStrong ▸15%
Return on capital7.9%Weak
WeakFairStrong
Net margin0.9%Thin
ThinDecentStrong
EBITDA margin4.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.45Comfortable
LowModerateHigh ▸1
Interest cover1.6×Risky
RiskyOkayStrong ▸5×
Current ratio1.53Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹135 cr
Book value
₹44
EPS
₹0.22
latest quarter
Net debt
₹22 cr
owes more than its cash
Enterprise value
₹157 cr
EBITDA
₹5 cr
annualised
EBIT
₹4 cr
annualised
Operating margin
3.9%
Return on assets
1.2%
Earnings yield
0.75%
P/S
1.26
Sales / share
₹93.7
Tax rate
36.3%
Face value
₹10
Shares
1.1 cr
Working capital
₹17 cr
Current assets
₹50 cr
Current liabilities
₹33 cr
Delivery %
81.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹14₹15, midpoint ₹14

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q4 FY24 (consolidated)
Revenue from Operations₹27 cr
Other Income₹36.6 L
Total Income₹27 cr
Cost of Materials₹21 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹48.8 L
Finance Costs₹63.8 L
Depreciation & Amortisation₹10.7 L
Other Expenses₹55.8 L
Total Expenses₹27 cr
Profit before Tax₹39.4 L
Tax Expense₹14.3 L
Net Profit₹25.1 L
Net margin on total income0.9%
Where the money goes · Q4 FY24
% of total income
Materials + stock-in-trade₹25 cr91.9%
Employee benefit expense₹48.8 L1.8%
Finance costs₹63.8 L2.4%
Depreciation & amortisation₹10.7 L0.4%
Other expenses₹55.8 L2.1%
Tax expense₹14.3 L0.5%
Profit for the period₹25.1 L0.9%
Total income ₹27 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ2 FY24Q3 FY24Q4 FY24
Revenue30 cr15 cr27 cr
Total income30 cr16 cr27 cr
Expenses30 cr15 cr27 cr
Profit before tax3 L92.6 L39.4 L
Tax1.6 L23.1 L14.3 L
Net profit (owners' share)0.75 L69.4 L25.1 L
Net margin (owners' share, on revenue)0.0%4.6%0.9%
EPS (₹)0.000.670.22
YoY (latest quarter): total income -38.5% · net profit -86.2%
Balance sheet & cash flow · as of Mar 2024
Low debt
Total assets
₹85 cr
Shareholder equity
₹50 cr
parent shareholders
Total debt
₹22 cr
Cash
₹5.7 L
Cash flow · FY24
Operating
₹3 cr
Investing
₹-8 cr
Financing
₹4 cr
Peer comparison
Dyes And Pigments · by market value
CompanyPriceMarket capP/E
Sudarshan Chemical Industries Limited₹1,205₹9,583 cr24.5
Kiri Industries Limited₹535₹3,489 cr3.0
Bodal Chemicals Limited₹182₹2,294 cr18.9
Shree Pushkar Chemicals & Fertilisers Limited₹513₹1,657 cr18.1
Bhageria Industries Limited₹319₹1,392 cr10.2
Sudarshan Colorants India Limited₹378₹872 cr10.7
Asahi Songwon Colors Limited₹365₹430 cr5.6
AksharChem India Limited₹374₹300 cr4.9
Poddar Pigments Limited₹276₹293 cr15.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 6 Sep 2024
ActionDetailEx-date
Dividend₹0.5 / share6 Sep 2024
Dividend₹0.5 / share28 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
74.8%
Public
25.1%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldOm Prakash Mangal · Promoters4.00 L10 Jun 25
BoughtASHA GARG · Promoter Group4.00 L10 Jun 25
SoldHindprakash Global Private Limited · Promoter Group11,050 · ₹19.8 L17 Dec 24
Bulk / block deals
SoldMANGAL CHANAKYA PRAKASH · NSE68,656 @ ₹175.0531 Jul 25
BoughtCHEMHUB TRADELINK PRIVATE LIMITED · NSE83,000 @ ₹157.332 Jan 25
BoughtLIESHA CORPORATION PRIVATE LIMITED . · NSE66,393 @ ₹183.5417 Dec 24
Stake changes
SoldChanakya Prakash Mangal→ 0.90% · 68,65631 Jul 25
SoldOm Prakash Mangal · promoter→ 9.37% · 4.00 L10 Jun 25
BoughtAsha Garg · promoter→ 3.50% · 4.00 L10 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements including Balance Sheet as at March 31, 2025, Statement of Profit and Loss and Cash Flow for the year ended on March 31, 2025, and the Reports of the Board of Directors’ and Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.56 L votes for, 302 against
2
To appoint a director in place of Mr. Om Prakash Mangal (DIN: 03078228), who retires by rotation and, being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
4.56 L votes for, 302 against
3
Re-Appointment of M/s. K K A K & Co., Chartered Accountants as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
4.56 L votes for, 302 against
4
To ratify the remuneration payable to M/s. A.G. Tulsian & Co., Cost Accountants (Firm Registration Number 100629) Cost Auditor of the Company for the Financial Year ended on March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
4.56 L votes for, 302 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 74.9% between them · as of 2026-06-30
SANJAY PRAKASH MANGAL19.54%
VEDANTPRAKASH S MANGAL12.87%
PRIYATA SANJAYPRAKASH MANGAL11.42%
OM PRAKASH MANGAL9.37%
MANGAL DIMPLE S6.62%
HINDPRAKASH GLOBAL PRIVATE LIMITED4.10%
HINDPRAKASH CHEMICALS PRIVATE LIMITED3.76%
ASHA GARG3.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹6 cr raised in Jan 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

To augment the net worth of the Company and to broad base the capital structure of the company required for its business growth, To meet increased working capital requirements, To meet the long term fund requirements of the Company, To repay the debt of the Company and General corporate purpose
100%
₹6 cr of ₹6 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.