Hindcon Chemicals Limited (HINDCON) - Net Assets
Based on the latest financial reports, Hindcon Chemicals Limited (HINDCON) has net assets worth Rs580.80 Million INR (≈ $6.28 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs764.91 Million ≈ $8.27 Million USD) and total liabilities (Rs184.12 Million ≈ $1.99 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Hindcon Chemicals Limited asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs580.80 Million |
| % of Total Assets | 75.93% |
| Annual Growth Rate | 13.76% |
| 5-Year Change | 46.68% |
| 10-Year Change | 280.72% |
| Growth Volatility | 19.46 |
Hindcon Chemicals Limited - Net Assets Trend (2013–2026)
This chart illustrates how Hindcon Chemicals Limited's net assets have evolved over time, based on quarterly financial data. Check HINDCON tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hindcon Chemicals Limited (2013–2026)
The table below shows the annual net assets of Hindcon Chemicals Limited from 2013 to 2026. For live valuation and market cap data, see HINDCON market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs580.80 Million ≈ $6.28 Million |
+6.24% |
| 2025-03-31 | Rs546.66 Million ≈ $5.91 Million |
+8.15% |
| 2024-03-31 | Rs505.49 Million ≈ $5.47 Million |
+18.01% |
| 2023-03-31 | Rs428.36 Million ≈ $4.63 Million |
+8.18% |
| 2022-03-31 | Rs395.95 Million ≈ $4.28 Million |
+8.62% |
| 2021-03-31 | Rs364.52 Million ≈ $3.94 Million |
+11.89% |
| 2020-03-31 | Rs325.79 Million ≈ $3.52 Million |
+7.48% |
| 2019-03-31 | Rs303.12 Million ≈ $3.28 Million |
+10.45% |
| 2018-03-31 | Rs274.43 Million ≈ $2.97 Million |
+79.89% |
| 2017-03-31 | Rs152.55 Million ≈ $1.65 Million |
+23.00% |
| 2016-03-31 | Rs124.03 Million ≈ $1.34 Million |
+7.39% |
| 2015-03-31 | Rs115.50 Million ≈ $1.25 Million |
+2.97% |
| 2014-03-31 | Rs112.17 Million ≈ $1.21 Million |
+3.19% |
| 2013-03-31 | Rs108.70 Million ≈ $1.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hindcon Chemicals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs77.05 Million | 13.50% |
| Other Components | Rs493.88 Million | 86.50% |
| Total Equity | Rs570.93 Million | 100.00% |
Hindcon Chemicals Limited Competitors by Market Cap
The table below lists competitors of Hindcon Chemicals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZIGUP plc
LSE:ZIG
|
$12.82 Million |
|
NextCell Pharma AB
ST:NXTCL
|
$12.83 Million |
|
Revolver Resources Holdings Ltd
AU:RRR
|
$12.83 Million |
|
Kier Group PLC
LSE:KIE
|
$12.84 Million |
|
Kingsrose Mining Ltd
AU:KRM
|
$12.80 Million |
|
China Yurun Food Group Limited
F:C7Y
|
$12.79 Million |
|
GreenPower Motor Company Inc
V:GPV
|
$12.78 Million |
|
Scandinavian Medical Solutions AS
CO:SMSMED
|
$12.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hindcon Chemicals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 540,262,000 to 570,932,000, a change of 30,670,000 (5.7%).
- Net income of 32,330,000 contributed positively to equity growth.
- New share issuances of 5,200,000 increased equity.
- Other comprehensive income decreased equity by 48,098,999.
- Other factors increased equity by 41,238,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs32.33 Million | +5.66% |
| Share Issuances | Rs5.20 Million | +0.91% |
| Other Comprehensive Income | Rs-48.10 Million | -8.42% |
| Other Changes | Rs41.24 Million | +7.22% |
| Total Change | Rs- | 5.68% |
Book Value vs Market Value Analysis
This analysis compares Hindcon Chemicals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.21x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs10.50 | Rs23.15 | x |
| 2014-03-31 | Rs10.83 | Rs23.15 | x |
| 2015-03-31 | Rs11.15 | Rs23.15 | x |
| 2016-03-31 | Rs11.97 | Rs23.15 | x |
| 2017-03-31 | Rs14.74 | Rs23.15 | x |
| 2018-03-31 | Rs53.57 | Rs23.15 | x |
| 2019-03-31 | Rs39.22 | Rs23.15 | x |
| 2020-03-31 | Rs8.43 | Rs23.15 | x |
| 2021-03-31 | Rs46.14 | Rs23.15 | x |
| 2022-03-31 | Rs10.20 | Rs23.15 | x |
| 2023-03-31 | Rs11.04 | Rs23.15 | x |
| 2024-03-31 | Rs13.02 | Rs23.15 | x |
| 2025-03-31 | Rs14.08 | Rs23.15 | x |
| 2026-03-31 | Rs14.83 | Rs23.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hindcon Chemicals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.97%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.34x
- Recent ROE (5.66%) is below the historical average (8.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 2.54% | 0.89% | 1.46x | 1.96x | Rs-8.01 Million |
| 2014 | 3.08% | 1.11% | 1.52x | 1.83x | Rs-7.67 Million |
| 2015 | 2.90% | 0.95% | 1.41x | 2.17x | Rs-8.10 Million |
| 2016 | 6.85% | 2.52% | 1.40x | 1.95x | Rs-3.86 Million |
| 2017 | 13.76% | 6.11% | 1.30x | 1.73x | Rs5.67 Million |
| 2018 | 17.03% | 13.65% | 0.97x | 1.28x | Rs19.14 Million |
| 2019 | 9.37% | 6.40% | 1.22x | 1.20x | Rs-1.89 Million |
| 2020 | 8.79% | 6.42% | 1.12x | 1.22x | Rs-3.91 Million |
| 2021 | 13.35% | 10.66% | 1.00x | 1.26x | Rs11.88 Million |
| 2022 | 10.81% | 6.35% | 1.27x | 1.34x | Rs3.17 Million |
| 2023 | 10.20% | 5.05% | 1.60x | 1.27x | Rs841.90K |
| 2024 | 12.37% | 9.58% | 1.08x | 1.19x | Rs11.85 Million |
| 2025 | 7.04% | 6.72% | 0.89x | 1.18x | Rs-16.02 Million |
| 2026 | 5.66% | 4.97% | 0.85x | 1.34x | Rs-24.76 Million |
Industry Comparison
This section compares Hindcon Chemicals Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $12,539,578,100
- Average return on equity (ROE) among peers: 8.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hindcon Chemicals Limited (HINDCON) | Rs580.80 Million | 2.54% | 0.32x | $12.82 Million |
| Aarti Industries Limited (AARTIIND) | $56.05 Billion | 5.90% | 0.98x | $1.91 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $44.03 Million |
| ABM International Limited (ABMINTLLTD) | $127.92 Million | -37.56% | 1.23x | $4.33 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $10.31 Billion | 14.16% | 0.12x | $392.05 Million |
| Aether Industries Limited (AETHER) | $20.63 Billion | 4.00% | 0.16x | $2.17 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $2.69 Billion | 18.78% | 1.53x | $1.60 Billion |
| Alkali Metals Limited (ALKALI) | $513.46 Million | 2.20% | 1.13x | $7.55 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $1.50 Billion | 30.09% | 1.66x | $1.01 Billion |
| Ami Organics Limited (AMIORG) | $576.82 Million | 32.06% | 1.70x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $30.82 Billion | 3.03% | 0.71x | $1.49 Billion |
About Hindcon Chemicals Limited
Hindcon Chemicals Limited manufactures and sells sodium silicates and construction chemicals, and related services in India and internationally. It offers cement additive products, which includes coating and impregnation, concrete and mortar admixtures, epoxy grouts and mortars, expansion and contraction joint systems, floorings, foundry aids, green products for building projects, grouts, protect… Read more