Heranba Industries Ltd.

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heranba.comBSE: 543266NSE: HERANBA

Market Cap₹ 695 Cr.

Current Price

High / Low₹ 342 / 155

Stock P/E18.1

Book Value₹ 246

Price to Book0.92

Dividend Yield0.00 %

ROCE9.2 %

ROE6.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.71x)
Working capital cycle has improved - days down from 80 to 37
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (61.4% of PBT)
Company has a low return on equity of 9.4% over last 3 years
Total debt has risen sharply - up 71.7% year on year
Company has delivered a poor profit growth of -11.2% over past five years
Operating margins have contracted to 5.5% from 19.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UPL	577.00	24.11	48708.57	1.04	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2396.05	31.20	36352.42	0.63	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	481.50	41.48	24033.87	0.27	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3948.35	320.25	17744.71	3.80	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	783.10	11.28	7065.17	1.92	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	977.80	14.68	4358.87	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	203.90	24.15	3965.22	1.47	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	164.35	311.22	3849.79	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	263.40	124.10	3415.48	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	491.20	23.34	2285.00	0.20	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1170.30	13.57	1945.16	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	HERANBA	173.70	18.14	695.03	0.00	7.03	11.23	383.20	-15.30	4.46	12.81

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	282	430	302	261	304	458	338	395	490	606	307	353	365
	280	383	273	242	256	411	348	397	470	561	292	360	363
Operating Profit	2	47	28	20	48	46	-10	-2	20	45	15	-6	2
OPM %	0.64%	10.92%	9.38%	7.50%	15.84%	10.12%	-2.81%	-0.45%	4.14%	7.38%	4.83%	-1.81%	0.60%
	8	5	7	10	9	13	10	13	24	12	15	6	11
Interest	2	2	3	5	4	5	6	11	9	8	9	11	10
Depreciation	6	6	6	7	7	7	7	7	7	7	7	8	6
Profit before Tax	2	44	26	18	47	47	-12	-7	30	42	14	-18	13
Tax %	25.62%	26.06%	26.28%	28.40%	26.30%	27.64%	24.69%	27.67%	25.68%	22.87%	34.23%	31.47%	29.46%
Net Profit	2	33	19	13	34	34	-9	-5	22	32	9	-12	9
	0.38	8.12	4.80	3.28	8.61	8.49	-2.28	-1.32	5.50	8.01	2.33	-3.12	2.37

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	520	582	741	1,004	951	1,219	1,450	1,324	1,275	1,496	1,631
	481	535	653	873	822	997	1,191	1,163	1,178	1,413	1,575
Operating Profit	40	47	88	131	129	221	260	161	97	83	55
OPM %	7.63%	8.08%	11.85%	13.08%	13.60%	18.16%	17.91%	12.16%	7.58%	5.56%	3.39%
	7	3	5	7	17	7	19	14	30	46	45
Interest	13	12	12	11	9	5	4	8	12	26	38
Depreciation	4	4	5	6	8	15	20	23	25	28	27
Profit before Tax	29	33	76	122	129	208	255	144	90	74	51
Tax %	42.48%	42.82%	38.57%	38.26%	24.20%	25.95%	25.93%	23.61%	26.60%	27.30%	24.69%
Net Profit	17	19	47	75	98	154	189	110	66	54	38
EPS	21.38	26.02	60.08	19.31	25.00	39.41	47.25	27.52	16.58	13.50	—
Dividend Payout %	13.11%	6.18%	9.17%	5.18%	4.00%	4.41%	4.23%	4.54%	7.54%	7.41%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 9%
3 Years:: 1%

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: -11%
3 Years:: -34%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -26%
3 Years:: -24%
1 Year:: -48%

RETURN ON EQUITY

10 Years:: 24%
5 Years:: 19%
3 Years:: 9%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	8	8	8	39	39	40	40	40	40	40
	91	108	150	189	282	488	674	776	837	886
	99	89	81	56	49	58	90	93	143	243
Trade Payables	92	97	178	235	212	196	246	187	287	438
	57	19	33	41	42	60	55	57	80	78
Total Liabilities	347	321	450	560	625	842	1,105	1,152	1,387	1,686
	41	38	46	51	95	133	193	186	240	240
Capital Work in Progress	3	0	1	16	38	10	14	42	11	4
	0	0	0	0	4	10	2	1	2	3
	78	98	94	114	146	166	256	297	244	250
	0	0	0	0	0	0	0	0	498	560
Cash & Bank	16	10	12	21	3	98	123	119	22	50
	209	174	297	358	339	425	516	507	369	577
Total Assets	347	321	450	560	625	842	1,105	1,152	1,387	1,686

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	27	48	69	137	94	112	171	158	136	137
Cash from Investing	-19	-6	-25	-37	-52	-41	-82	-100	-264	-182
Cash from Financing	5	-25	-26	-41	-20	62	-6	-18	41	72
	2	-1	1	9	-18	82	10	4	-87	27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.94	74.94	74.94	74.94	74.94	74.94	74.94	74.94	74.94
	0.00	0.40	0.42	0.10	0.05	0.06	0.08	0.07	0.01
	0.00	0.00	0.00	0.00	0.07	0.07	0.07	0.07	0.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.05	24.65	24.64	24.96	24.94	24.94	24.91	24.92	24.97

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Heranba Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Heranba Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Updates

2026-09-03 - Heranba Industries Limited has informed the Exchange regarding 'Intimation Of Book Closure Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015'.

2026-09-03

Updates

2026-09-03 - Heranba Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report'.

2026-09-03

Shareholders meeting

2026-09-03 - Heranba Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026

2026-09-03

Acquisition

2026-09-03 - Heranba Industries Limited has informed the Exchange about the updates on acquisition

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Heranba Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-24

Copy of Newspaper Publication

2026-08-24 - Heranba Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-22

Acquisition

2026-08-22 - Heranba Industries Limited has informed the Exchange about Acquisition

News

Recent coverage and analyst commentary for HERANBA

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