Hindprakash Industries LimitedHPILCorporate

Dyes And Pigments Latest results: Mar 2024 9 quarters of data

₹128.66

MCap ₹147 Cr · P/E 94.9

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🏭 Chemicals sector

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₹27 Cr

Sales · Mar 2024

-38.7% YoY

₹1 Cr

Operating Profit · Mar 2024

-70.8% YoY

2.9%

OPM % · Mar 2024

-52.5% YoY

₹0 Cr

Net Profit · Mar 2024

-86.2% YoY

₹0.22

EPS · Mar 2024

-87.4% YoY

📝 Hindprakash Industries Limited — results explained

Quarter ended March 2024 (Q4 FY24)

Hindprakash Industries Limited reported revenue of ₹27 crore for the quarter ended March 2024 (Q4 FY24), down 38.7% from ₹44 crore in the same quarter last year, and up 76.0% sequentially over the December 2023 quarter.

Net profit fell 86.2% year-on-year to ₹0 crore, from ₹2 crore. Earnings per share (EPS) came in at ₹0.22.

Operating profit stood at ₹1 crore — an operating margin (OPM) of 2.9%, compared with 6.1% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY24, Hindprakash Industries Limited posted revenue of ₹100 crore, a decline of 1.3% over FY23, with a net profit of ₹2 crore (down 37.2% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹100 crore with a net profit of ₹2 crore.

Valuation snapshot

At the current price of ₹128.66, HPIL has a market capitalisation of ₹147 crore and a trailing P/E of about 94.9.

Within the Dyes And Pigments industry, it is the 14th-largest of the 18 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 74.85%, public shareholders 25.14% of Hindprakash Industries Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹147 Cr

Current Price ?

₹128.7

P/E ?

94.91above ind

Industry P/E ?

22.60

P/B ?

2.72

P/S ?

1.48

P/FCF ?

-16.33

Enterprise Value ?

₹180 Cr

EV/EBITDA ?

46.30

PEG ?

N/A

Earnings Yield ?

1.9%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹100 Cr

OPM ?

3.9%

Profit after tax (TTM) ?

₹2 Cr

EPS (TTM) ?

₹1.36

ROCE ?

8.0%

ROE ?

2.9%

ROA ?

1.7%

Growth

Sales — latest qtr ?

₹27 Cr

PAT — latest qtr ?

₹0 Cr

YoY qtr sales growth ?

-38.7%

YoY qtr profit growth ?

-86.2%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹33 Cr

Debt to Equity ?

0.61

Interest Coverage ?

1.0

Current Ratio ?

N/A

Ownership

Promoter holding ?

74.85%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

3.2%

Return 6 months ?

-8.0%

🗓️ Quarterly results (9 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	YoY %	QoQ %
Sales	31	18	23	16	44	27	30	15	27	-38.7%	+76.0%
Operating Profit	1	0	1	0	3	1	0	1	1	-70.8%	-43.8%
Other Income	1	0	1	0	0	0	0	0	0	-14.0%	+13.2%
Interest	0	0	0	1	1	1	1	1	1	+25.2%	-3.5%
Depreciation	0	0	0	0	0	0	0	0	0	-16.2%	-4.1%
Profit Before Tax	1	-0	1	0	2	1	1	1	0	-84.0%	-57.5%
Net Profit	1	-0	1	0	2	1	0	1	0	-86.2%	-63.9%
EPS	0.78	-0.14	0.58	0.19	1.75	0.58	0.00	0.66	0.22	-87.4%	-66.7%
OPM %	2.6%	0.2%	2.7%	3.2%	6.1%	4.7%	1.5%	9.0%	2.9%	-52.5%	-67.8%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY23	FY24	TTM	YoY %
Sales	₹101 Cr	₹100 Cr	₹100 Cr	-1.3%
Operating Profit	₹4 Cr	₹4 Cr	₹4 Cr	+2.0%
OPM %	3.78%	3.91%	3.91%	+3.4%
NPM %	2.45%	1.56%	1.56%	-36.3%
Other Income	₹2 Cr	₹1 Cr	₹1 Cr	-18.8%
Depreciation	₹0 Cr	₹1 Cr	₹1 Cr	+16.3%
Interest	₹2 Cr	₹3 Cr	₹3 Cr	+81.4%
EBIT	₹3 Cr	₹3 Cr	₹3 Cr	+0.0%
PBT	₹3 Cr	₹3 Cr	₹3 Cr	-12.0%
Tax	₹1 Cr	₹1 Cr	₹1 Cr	-9.6%
Net Profit	₹2 Cr	₹2 Cr	₹2 Cr	-37.2%
EPS	₹2.38	₹1.46	₹1.46	-38.7%
Material Cost	₹41 Cr	₹72 Cr	₹72 Cr	+76.1%
Employee Cost	₹0 Cr	₹1 Cr	₹1 Cr	+304.9%
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	10	11	11	11	+0.0%
Reserves	32	39	40	43	+7.5%
Borrowings	21	22	30	33	+10.0%
Other Liabilities	16	12	11	4	-63.6%
Total Liabilities	80	85	93	91	-2.2%
Fixed Assets	15	15	15	15	+0.0%
CWIP	0	0	0	0	—
Investments	5	5	7	5	-28.6%
Other Assets	60	65	71	72	+1.4%
Total Assets	80	85	93	91	-2.2%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	5	3	-4	-9	-125.0%
Cash from Investing Activity	-13	-8	2	11	+450.0%
Cash from Financing Activity	8	4	5	-1	-120.0%
Net Cash Flow	1	-1	3	-0	-100.0%
Free Cash Flow	3	3	-5	-9	-80.0%
CFO/OP	154%	93%	-145%	-850%	-486.2%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	118	95	113	94	-16.8%
Inventory Days	64	79	81	54	-33.3%
Days Payable	58	45	38	9	-76.3%
Cash Conversion Cycle	123	130	156	139	-10.9%
Working Capital Days	67	62	98	105	+7.1%
ROCE %	9%	7%	5%	8%	+60.0%

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	74.85%	74.85%	74.85%	74.85%	+0.0%
Public	25.16%	25.16%	25.15%	25.14%	-0.0%
No. of Shareholders	3,374	3,505	3,239	3,099	-4.3%

⚖️ Peer comparison

Industry: Dyes And Pigments · 18 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	SUDARSCHEM Sudarshan Chemical	₹1,155.80	9,202	118.8	9,922	88	6.6%	0.9%	192.6%	-33.3%	5.4%	88.0%
2	KIRIINDUS Kiri Industries	₹537.75	3,504	0.6	949	5,847	-19.9%	616.2%	-8.9%	2123.4%	54.5%	2768.1%
3	BODALCHEM Bodal Chemicals	₹173.46	2,185	33.4	2,228	66	8.4%	3.0%	14.6%	142.8%	57.0%	178.3%
4	VIDHIING Vidhi Specialty	₹342.35	1,710	32.1	438	53	19.2%	12.1%	-0.8%	12.8%	66.2%	31.7%
5	SHREEPUSHK Shree Pushkar	₹487.45	1,576	21.9	1,002	72	10.2%	7.2%	21.1%	19.6%	10.0%	9.4%
6	BHAGERIA Bhageria Industries	₹303.70	1,325	19.2	1,003	68	11.5%	6.7%	47.2%	17.6%	81.3%	208.3%
7	506685 Ultramarine & Pigments	₹398.65	1,164	12.6	831	92	16.5%	11.0%	11.4%	5.3%	30.4%	58.0%
8	SUDARCOLOR Sudarshan Colorants	₹360.90	833	17.4	792	47	7.4%	5.9%	—	—	5.2%	17.6%
9	ASAHISONG Asahi Songwon	₹367.90	434	12.5	575	34	12.5%	6.0%	-4.9%	9.0%	26.0%	633.3%
10	AKSHARCHEM AksharChem India	₹406.70	327	23.2	416	14	8.1%	3.3%	7.6%	-109.2%	45.4%	2012.7%
11	PODDARMENT Poddar Pigments	₹279.70	297	19.5	374	15	6.0%	4.1%	1.7%	-35.3%	-1.2%	11.4%
12	DYNPRO Dynemic Products	₹230.47	286	14.1	371	20	14.0%	5.5%	3.0%	32.9%	-8.5%	7.8%
13	DUCOL Ducol Organics	₹123.70	202	51.1	84	4	11.7%	4.8%	—	—	10.3%	11.8%
14	HPIL Hindprakash Industries	₹118.80	136	38.8	111	4	-2.1%	3.1%	13.0%	66.7%	-11.9%	780.3%
15	MAHICKRA Mahickra Chemicals	₹108.85	106	20.4	106	5	7.0%	4.6%	—	—	31.4%	237.0%
16	PROLIFE Prolife Indust.	₹210.00	86	20.2	55	4	7.5%	7.8%	—	—	-10.5%	200.0%
17	UCL Ushanti Colour	₹59.65	83	—	139	-5	0.7%	-3.6%	—	—	265.2%	66.7%
18	YCCL Yasons Chemex	₹25.00	48	51.0	97	1	-0.6%	1.0%	—	—	0.8%	68.0%

❓ Frequently asked questions

What was Hindprakash Industries Limited's revenue in Q4 FY24?

What was Hindprakash Industries Limited's net profit in Q4 FY24?