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Swing Capital

Heranba Industries Ltd

NSE: HERANBA BSE: 543266

Incorporated in 1994, Heranba Industries Ltd is engaged in the manufacturing of a diverse range of agrochemicals such as insecticides, herbicides, fungicides and public health products for pest control. [1]

₹196
52W: ₹155 — ₹404
PE 13.5 · Book ₹244 · -20% vs book
Market Cap₹786 Cr
Stock P/E13.5Price to Earnings
ROCE9.1%Return on Capital
ROE5.93%Return on Equity
Div. Yield0.51%Face Value ₹10

Strengths

  • +Stock is trading at 0.82 times its book value
  • +Company's working capital requirements have reduced from 69.3 days to 25.9 days

Weaknesses

  • −The company has delivered a poor sales growth of 9.47% over past five years.
  • −Company has a low return on equity of 9.13% over last 3 years.
  • −Earnings include an other income of Rs.65.0 Cr.
  • −Dividend payout has been low at 6.50% of profits over last 3 years

Shareholding Pattern

Promoters74.95%
FIIs0.07%
DIIs0.28%
Public24.7%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
FIIs0%0.4%▲0.40.42%▲0.00.1%▼0.30.05%▼0.10.06%▲0.00.08%▲0.00.07%▼0.0
DIIs0%0%0.21%▲0.20.21%0.28%▲0.10.28%0.28%0.28%
Public25.06%24.67%▼0.424.44%▼0.224.75%▲0.324.73%▼0.024.74%▲0.024.71%▼0.024.7%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales429.51301.7261.29304.35457.64338.49395.42489.84605.73306.55
Expenses382.62273.41241.69256.13411.34348397.21469.55561.02291.75
Operating Profit46.8928.2919.648.2246.3-9.51-1.7920.2944.7114.8
OPM %10.92%9.38%7.5%15.84%10.12%-2.81%-0.45%4.14%7.38%4.83%
Net Profit32.5119.2213.1134.4533.96-9.12-5.2822.0232.049.32
EPS ₹8.124.83.288.618.49-2.28-1.325.58.012.33

AI Insights

Revenue Trend

TTM revenue at ₹1,798Cr, up 20.2% YoY. OPM at 4%.

Debt Position

Borrowings at ₹409Cr. Debt-to-equity ratio: 0.44x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.28% (-0.57pp change). FIIs: 0.07% (+0.07pp change). Promoters hold 74.95%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 9% (Mar 2025). Working capital days: 26.

Valuation

PE 13.5x with 9.1% ROCE. Price is -20% above book value of ₹244. Dividend yield: 0.51%.

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