Hindcon Chemical

NSE: HINDCON · Specialty Chemicals

—
52W Range₹16 – ₹38

Limited coverage

We are not actively covering this company or have limited coverage today. Click to request coverage.

Snapshot

Unlock Hindcon Chemical's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Hindcon Chemicals Limited is an Indian manufacturer specialising in construction chemicals, cement additives, and sodium silicate. The company offers a diverse product portfolio including waterproofing agents, mortar, sealants, tile adhesives, and protective paints.

Business Model

The company generates revenue through the manufacturing and sale of chemical products for the construction industry, complemented by trading activities. Its business model focuses on providing specialised chemical solutions for infrastructure and building maintenance.

Growth Outlook

Growth is primarily driven by the increasing demand for specialised construction chemicals in India's expanding infrastructure and real estate sectors. The company continues to broaden its product range to cater to evolving building material requirements.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of chemical raw materials can significantly impact the company's operating margins.
  • Sectoral Cyclicality. The company's performance is highly dependent on the cyclical nature of the Indian construction and real estate industries.
  • Competitive Intensity. The construction chemicals market is highly fragmented, leading to intense price competition from both organised and unorganised players.
  • Regulatory Compliance. Changes in environmental regulations regarding chemical manufacturing processes may necessitate additional capital expenditure.

Start your research today

Unlock AI insights, financials, peers and live data on Hindcon Chemical and 5,000+ companies — free.

Start your research

Key Metrics

P/E

39.6x

Q4 FY26 · consolidated

39.6 vs 47.8x5Y avg

EV/EBITDA

22.5x

Q4 FY26 · consolidated

22.5 vs 23.7x5Y avg

NET PROFIT MARGIN

3.7%

Q4 FY26 · consolidated

+0.1 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

+0.18xYoY

Peers · Specialty Chemicals

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Hindcon ChemicalHINDCON
₹129 Cr39.6422.46—9.1%5.6%9.8%+4.7%
Black Rose IndusBLACKROSE
₹586 Cr19.6513.25-0.2%12.5%17.8%23.9%+10.3%
Vipul OrganicsVIPULORG
₹506 Cr55.5028.2416.8%10.4%9.0%13.0%+26.1%
Plastiblends India LimitedPLASTIBLEN
₹487 Cr11.786.765.5%9.2%9.7%12.8%+4.3%
Agastya Energy and Infrastructure LimitedSANGINITA
₹455 Cr-19.81-83.28-23.2%-3.2%-18.0%-14.1%+581.9%
Aarti SurfactantAARTISURF
₹449 Cr22.939.6425.2%6.1%7.7%12.4%+7.3%

As of Q4 FY26

Financials