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Hindustan Organic Chemicals Ltd (500449)

📊 BSE: 500449 🏢 Commodity Chemicals 📢 Latest filing: 28 Sep 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Hindustan Organic's revenue was ₹96.0 Cr (-41.5% year on year, -29.4% on the previous quarter), and net profit ₹3.8 Cr (against a loss a year earlier); the operating margin was 5.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹96.0	-41.5%	-29.4%
Operating profit	₹4.8	from loss	-71.5%
Net profit	₹3.8	from loss	-76.0%
EPS (₹)	0.57	from loss	-75.6%
Operating margin	5.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

HOCL Shareholders Approve All 6 AGM Resolutions, Including CMD Appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Sep 2026, 03:51 PM

Hindustan Organic Chemicals Limited (HOCL) submitted the scrutinizer report for its 65th AGM held on September 25, 2026. All six resolutions were passed with over 99.99% of total polled votes in favour. Key approvals include the adoption of FY26 financial statements, the appointment of Shri Sangram Kumar Mishra as Chairman and Managing Director, and the appointment of Smt. Sarita Gena as an Independent Director. Out of 59,048 shareholders on the record date, a total of 39,980,119 votes (59.518% of total shares) were polled.

All 6 resolutions passed with over 99.99% of polled votes in favour
Total votes polled stood at 39,980,119, representing 59.518% of the company's 67,173,100 shares
Appointment of Shri Sangram Kumar Mishra as CMD approved via special resolution (99.9962% in favour)
Appointment of Smt. Sarita Gena as Non-Official Part-time Independent Director approved (99.9957% in favour)
50 shareholders attended the AGM held via video conferencing (1 promoter and 49 public)

💡 Track leadership priorities under the newly approved CMD and monitor Q2 FY27 operational earnings to assess operational turnaround.

Hindustan Organic Chemicals to Convene 65th AGM on September 25, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:14 PM

Hindustan Organic Chemicals Ltd has submitted the formal notice for its 65th Annual General Meeting (AGM). The meeting is scheduled to take place on Friday, September 25, 2026, at 3:30 PM IST via Video Conferencing/Other Audio-Visual Means. This is a standard regulatory filing regarding annual shareholder proceedings. The company reported TTM revenue of Rs 505 Cr and has a market capitalization of Rs 217 Cr.

65th Annual General Meeting scheduled for September 25, 2026
Meeting to be conducted at 03:30 p.m. (IST) via Video Conferencing (VC/OAVM)
Filing made pursuant to MCA and SEBI regulatory circulars on August 27, 2026

💡 Shareholders can review the AGM resolutions and voting procedures ahead of the September 25, 2026 meeting.

Hindustan Organic Chemicals Submits FY26 Annual Report; Phenol Plant at 99% Utilization

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 06:09 PM

Hindustan Organic Chemicals Ltd (HOCL) has submitted its 65th Integrated Annual Report for FY 2025-26. The company noted that its Kochi unit operated at high utilization, with the Phenol plant reaching 99% and the Hydrogen Peroxide plant reaching 98% capacity utilization. Annual production stood at 39,645 MT of Phenol, 24,724 MT of Acetone, and 10,195 MT of Hydrogen Peroxide. The company outlined plans to modernize its Cumene plant and debottleneck Phenol facilities, while its subsidiary Hindustan Fluorocarbons Limited was delisted pursuant to government closure directives.

Phenol plant achieved 99% capacity utilization with 39,645 MT production in FY 2025-26
Hydrogen Peroxide plant ran at 98% capacity utilization, producing 10,195 MT
Acetone production stood at 24,724 MT for the Kochi facility
Subsidiary Hindustan Fluorocarbons Ltd was delisted as part of CCEA-directed closure

💡 Track subsequent quarterly operational profitability and announcements regarding capex or timelines for the proposed Cumene plant modernization.

HOCL Appoints Smt. Sarita Gena as Independent Director for 3-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 15 Aug 2026, 10:10 AM

Hindustan Organic Chemicals Ltd has announced the appointment of Smt. Sarita Gena as a part-time Non-Official Independent Director on its Board. The appointment was made via an order dated August 14, 2026, issued by the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals, Government of India. The tenure is set for a duration of 3 years with effect from August 14, 2026, or until further orders.

Appointment of Smt. Sarita Gena as part-time Non-Official Independent Director
Effective date of appointment is August 14, 2026
Appointed for a tenure of 3 years or until further orders
Appointment notified by Ministry of Chemicals & Fertilizers via Order No. P-53013/8/2019-CHEM. III-CPC

💡 Track subsequent board committee reconstitution and quarterly financial updates to assess the company's operational performance.

65th AGM Scheduled for September 25, 2026; Record Date Set for September 18

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Aug 2026, 02:20 PM

Hindustan Organic Chemicals Ltd (HOCL) has announced its 65th Annual General Meeting (AGM) will be held on September 25, 2026, via video conferencing. The company has fixed September 18, 2026, as the record date to determine shareholder eligibility for voting. Remote e-voting will be available from September 22 to September 24, 2026. This follows a fiscal year (FY26) where the company reported a net loss of ₹13 crore on revenue of ₹574 crore.

65th Annual General Meeting scheduled for September 25, 2026, at 03:30 PM IST
Record date for voting eligibility fixed as September 18, 2026
Remote e-voting period starts September 22, 2026 (9:00 AM) and ends September 24, 2026 (5:00 PM)
Register of Members and Share Transfer Books to remain closed from September 19 to September 25, 2026
Annual Report for FY2025-26 to be circulated electronically to registered shareholders

💡 Investors should review the upcoming Annual Report for FY25-26 to understand management's strategy for addressing the negative 3.0% operating margin and TTM net loss of ₹12 crore.

Rs 4.92 Lakh Fine: HOCL Board Responds to BSE Penalties for Regulatory Non-Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 07 Aug 2026, 09:42 PM

Hindustan Organic Chemicals Ltd (HOCL) has addressed penalties totaling Rs 4.92 lakh (plus GST) imposed by BSE for the quarter ended March 31, 2026. The fines stem from non-compliance with SEBI LODR Regulation 17(1) regarding Board composition and Regulation 24A(2) for a technical error in the Secretarial Compliance Report filing. The company clarified that Board appointments are managed by the Ministry of Chemicals & Fertilizers, placing composition compliance beyond its direct control. Financially, the penalty is immaterial, representing approximately 0.08% of the company's TTM revenue of Rs 573 Cr.

Penalty of Rs 4,50,000 plus GST imposed for non-compliance with Board composition requirements under Regulation 17(1).
Penalty of Rs 42,000 plus GST imposed for late compliance of Regulation 24A(2) regarding the Secretarial Compliance Report.
Non-compliance occurred during the quarter ended March 31, 2026, and was reviewed in the Board meeting on August 7, 2026.
Company attributed the filing error to an unintentional technical mistake where a previous year's XML file was uploaded instead of the current one.
Board has directed that more caution be exercised in future BSE filings to avoid technical errors.

💡 Investors should monitor for the appointment of new directors by the Administrative Ministry to ensure the Board composition aligns with SEBI requirements, though the financial impact of these fines is negligible.

Rs 4.92 Lakh Fine Imposed by BSE for Board Composition and Filing Non-Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 07 Aug 2026, 06:21 PM

Hindustan Organic Chemicals Ltd (HOCL) has been penalized by BSE for non-compliance with SEBI LODR regulations during Q4 FY 2025-26. The penalties include Rs 4,50,000 for improper board composition and Rs 42,000 for a technical error in filing the Secretarial Compliance Report. The company, a PSU, noted that board appointments are managed by the Ministry of Chemicals & Fertilizers, placing the composition issue beyond its direct control. The financial impact is negligible relative to the company's TTM revenue of Rs 573 Cr.

Penalty of Rs 4,50,000 plus GST imposed for non-compliance with Regulation 17(1) regarding Board Composition.
Penalty of Rs 42,000 plus GST imposed for late compliance with Regulation 24A(2) due to an incorrect XML file upload.
Board meeting held on August 7, 2026, to address the BSE emails dated May 27 and June 22, 2026.
Company clarified that director appointments are carried out by the Department of Chemicals & Petrochemicals, Government of India.
Total fine amount represents less than 0.01% of the company's TTM revenue of Rs 573 Cr.

💡 Investors should monitor whether the Government of India fills the vacant board positions to prevent recurring penalties, though the financial impact remains immaterial.

HOCL Reports Rs 12.89 Cr Net Loss in Q1 Despite 70.7% YoY Revenue Growth

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 06:12 PM

Hindustan Organic Chemicals Ltd (HOCL) reported a net loss of Rs 12.89 Cr for Q1 FY27, a sharp reversal from a profit of Rs 3.69 Cr in the year-ago period. Revenue from operations grew significantly by 70.7% YoY to Rs 163.89 Cr, but margins were pressured by a surge in total expenses to Rs 182.73 Cr. A critical governance note revealed that the Audit Committee could not review these results due to a lack of quorum of Independent Directors. The company continues to implement its government-approved restructuring plan, including the sale of land at Rasayani.

Revenue from operations increased 70.7% YoY to Rs 163.89 Cr from Rs 96.00 Cr.
Reported a net loss of Rs 12.89 Cr against a net profit of Rs 3.69 Cr in Q1 FY26.
Total expenses rose 89% YoY to Rs 182.73 Cr, primarily driven by material costs.
Cost of materials consumed stood at Rs 139.70 Cr, accounting for 85.2% of revenue.
Acquired 2,66,741 additional shares of its subsidiary during the current quarter as part of delisting.

💡 Investors should monitor the appointment of Independent Directors to restore the Audit Committee quorum and track the progress of the Rasayani land monetization which is central to the restructuring plan.

HOCL Reports Q1 FY27 Net Profit of ₹3.69 Cr, Turning Around from ₹6.50 Cr Loss YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 06:08 PM

Hindustan Organic Chemicals Ltd (HOCL) reported a net profit of ₹3.69 crore for the quarter ended June 30, 2026, a significant improvement from a net loss of ₹6.50 crore in the same period last year. This turnaround occurred despite a 14.7% decline in revenue from operations, which fell to ₹139.70 crore from ₹163.89 crore YoY. The improvement was driven by a sharp reduction in total expenses, which dropped by 25.3% to ₹136.43 crore. However, the company remains non-compliant with SEBI board composition norms, as it currently has only one Independent Director.

Net Profit of ₹3.69 crore in Q1 FY27 vs a loss of ₹6.50 crore in Q1 FY26.
Revenue from operations decreased 14.7% YoY to ₹139.70 crore.
Finance costs significantly reduced to ₹4.98 crore from ₹11.18 crore in the year-ago quarter.
Acquired 2,66,741 additional shares of subsidiary Hindustan Fluorocarbons Ltd at ₹17.76 per share during FY27.
Total expenses lowered to ₹136.43 crore from ₹182.73 crore YoY, primarily due to lower material costs.

💡 Investors should monitor the appointment of new Independent Directors to resolve regulatory non-compliance and track the progress of the Rasayani land sale, which is critical for the company's restructuring plan.

Aug 07 Board Meeting to Consider Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Jul 2026, 03:09 PM

Hindustan Organic Chemicals Ltd (HOCL) has scheduled its 428th board meeting on August 7, 2026, to review and approve unaudited financial results for the quarter ended June 30, 2026. The company is coming off a volatile FY26 where it reported a net loss of ‡13 crore despite a profitable final quarter (‡16 crore PAT in Mar 2026). With a market cap of ‡232 crore and debt of ‡285 crore, the upcoming results are critical to determine if the recent turnaround in profitability is sustainable.

Board meeting scheduled for August 7, 2026, to approve Q1 FY27 results
Trading window for insiders has been closed since July 1, 2026
Company reported TTM revenue of ‡573 crore against a market cap of ‡232 crore
Previous quarter (Mar 2026) showed a recovery with ‡16 crore net profit
Debt stands at ‡285 crore, exceeding the current market capitalization

💡 Monitor the results on August 7 to verify if the operating margins (which were -3.0% for TTM) show improvement and if the company maintains the profitability seen in the March 2026 quarter.

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