BSE: 530853 | NSE: | Detergents & Soaps | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hipolin Ltd is a below average quality company.
The key valuation ratios of Hipolin Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hipolin Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -1.4% | -4.3% | -8% | -11.5% | -10.5% | 6.1% | -7.2% | -14% | 81.4% | -6% | - |
| Value Creation Index ⓘ | -1.1 | -1.3 | -1.6 | -1.8 | -1.8 | -0.6 | -1.5 | -2.0 | 4.8 | -1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 20.7 | 15.4 | 13.2 | 16.9 | 16.6 | 13.9 | 11.1 | 12.2 | 15.6 | 19.7 | 23 |
| Sales YoY Gr. | - | -25.7% | -13.9% | 27.6% | -1.7% | -16.4% | -19.9% | 9.9% | 27.3% | 26.8% | - |
| Adj EPS ⓘ | -1.1 | -1.9 | -2 | -3.1 | -2.3 | -0.4 | -1.7 | -3.1 | 5.2 | -2.8 | -1.6 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | -154.1% | - |
| BVPS (₹) ⓘ | 28.1 | 26.2 | 24.3 | 21.3 | 19 | 19.7 | 18.1 | 15 | 39.3 | 36.5 | 35.4 |
| Adj Net Profit ⓘ | -0.4 | -0.6 | -0.6 | -1 | -0.7 | -0.1 | -0.5 | -1 | 1.6 | -0.9 | 0 |
| Cash Flow from Ops. ⓘ | 2.2 | 0.8 | 0.7 | 0.1 | 0.1 | -0.5 | -1.3 | 3.2 | -5 | -1.6 | - |
| Debt/CF from Ops. ⓘ | 1 | 1.8 | 1.5 | 3.3 | 4 | -0 | -1.2 | 0.3 | -0.2 | -1.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.5% | 3.5% | 21.1% | 26.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | -154.1% | ||||
| BVPSⓘ | 2.9% | 14% | 26.4% | -7.2% | ||||
| Share Price | 14% | 50% | 66.9% | 114.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -3.9 | -7 | -8 | -13.5 | -11.5 | -2.3 | -8.8 | -18.8 | 19.3 | -7.5 | -4.3 |
| Op. Profit Mgn % ⓘ | -0.4 | -2.3 | -4.3 | -4.7 | -3.4 | -0.7 | -5.1 | -8.9 | -7.7 | -6 | -2.8 |
| Net Profit Mgn % ⓘ | -1.7 | -3.9 | -4.8 | -5.7 | -4.4 | -1 | -4.7 | -7.9 | 10.5 | -4.5 | -2.1 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0.3 | 0.2 | 0.1 | 0.2 | 0 |
| Working Cap Days ⓘ | 157 | 171 | 169 | 115 | 112 | 106 | 149 | 125 | 107 | 129 | 51 |
| Cash Conv. Cycle ⓘ | 102 | 79 | 53 | 33 | 32 | 36 | 60 | 55 | 41 | 42 | 12 |
Sales growth is growing at healthy rate in last 3 years 21.06%
Sales growth is good in last 4 quarters at 36.81%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.6 | -1.6 |
| TTM Sales (₹ Cr.) | 23.4 | 23.4 |
| BVPS (₹.) ⓘ | 35.4 | 35.4 |
| Reserves (₹ Cr.) ⓘ | 8 | 8 |
| P/BV ⓘ | 5.31 | 5.31 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 84.01 / 227.10 |
| All Time Low / High (₹) | 5.45 / 227.10 |
| Market Cap (₹ Cr.) | 58.9 |
| Equity (₹ Cr.) | 3.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 56.2 |
| Pledged * | 0.00 | 0.00 | 0.22 | 0.22 | 0.00 | 25.43 | 25.43 | 38.54 | 38.85 | 38.99 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.69 | 15.38 | 13.24 | 16.89 | 16.60 | 13.88 | 11.12 | 12.22 | 15.56 | 19.73 |
| Operating Expenses ⓘ | 20.78 | 15.74 | 13.80 | 17.68 | 17.15 | 13.97 | 11.70 | 13.31 | 16.75 | 20.92 |
| Manufacturing Costs | 0.64 | 1.37 | 1.22 | 2.51 | 2.48 | 2.68 | 2.02 | 2.28 | 2.73 | 4.02 |
| Material Costs | 15.28 | 10 | 8.51 | 9.51 | 8.96 | 7.61 | 6.77 | 8.13 | 10.16 | 11.97 |
| Employee Cost | 1.79 | 1.64 | 1.62 | 2.34 | 2.36 | 1.84 | 1.72 | 1.47 | 1.47 | 1.72 |
| Other Costs ⓘ | 3.07 | 2.73 | 2.46 | 3.33 | 3.36 | 1.84 | 1.19 | 1.43 | 2.40 | 3.21 |
| Operating Profit ⓘ | -0.09 | -0.36 | -0.56 | -0.79 | -0.56 | -0.09 | -0.58 | -1.09 | -1.20 | -1.19 |
| Operating Profit Margin (%) | -0.4% | -2.3% | -4.2% | -4.7% | -3.4% | -0.7% | -5.2% | -8.9% | -7.7% | -6.0% |
| Other Income ⓘ | 0.35 | 0.27 | 0.14 | 0.14 | 0.15 | 0.73 | 0.30 | 0.24 | 0.40 | 0.48 |
| Interest ⓘ | 0.30 | 0.17 | 0.10 | 0.05 | 0.03 | 0.02 | 0.04 | 0.06 | 0.05 | 0.09 |
| Depreciation ⓘ | 0.38 | 0.36 | 0.31 | 0.25 | 0.29 | 0.27 | 0.21 | 0.06 | 0.08 | 0.09 |
| Exceptional Items ⓘ | -0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.56 | 0 |
| Profit Before Tax ⓘ | -0.46 | -0.61 | -0.83 | -0.95 | -0.72 | 0.36 | -0.52 | -0.97 | 7.63 | -0.89 |
| Tax ⓘ | -0.12 | -0.02 | -0.23 | 0 | 0 | 0.12 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0.34 | -0.59 | -0.60 | -0.95 | -0.72 | 0.24 | -0.52 | -0.97 | 7.63 | -0.89 |
| PAT Margin (%) | -1.7% | -3.8% | -4.6% | -5.6% | -4.4% | 1.7% | -4.7% | -8.0% | 49.0% | -4.5% |
| Adjusted EPS (₹) | -1.1 | -1.9 | -1.9 | -3.0 | -2.3 | 0.8 | -1.7 | -3.1 | 24.4 | -2.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 8.80 | 8.21 | 7.61 | 6.66 | 5.94 | 6.17 | 5.66 | 4.69 | 12.31 | 11.42 |
| Share Capital ⓘ | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 | 3.13 |
| Reserves ⓘ | 5.67 | 5.08 | 4.48 | 3.53 | 2.80 | 3.04 | 2.53 | 1.55 | 9.18 | 8.29 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2.14 | 1.20 | 0.76 | 0.32 | 0.29 | 0 | 1.56 | 1.10 | 0.76 | 2.08 |
| Long Term Debt | 0.68 | 0.30 | 0.06 | 0.04 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 1.46 | 0.90 | 0.70 | 0.28 | 0.26 | 0 | 1.56 | 1.10 | 0.76 | 2.08 |
| Trade Payables | 0.74 | 0.35 | 0.56 | 1.54 | 1.02 | 0.72 | 1.03 | 0.58 | 1.20 | 2.27 |
| Others Liabilities ⓘ | 0.55 | 0.79 | 0.60 | 0.46 | 0.51 | 0.49 | 0.40 | 4.20 | 0.58 | 0.50 |
| Total Liabilities ⓘ | 12.23 | 10.55 | 9.53 | 8.98 | 7.76 | 7.38 | 8.65 | 10.57 | 14.86 | 16.28 |
Fixed Assets | ||||||||||
| Gross Block | 5.65 | 5.38 | 2.44 | 2.59 | 2.62 | 2.41 | 2.36 | 1.47 | 1.35 | 1.45 |
| Accumulated Depreciation | 3.02 | 2.95 | 0.31 | 0.54 | 0.83 | 1 | 1.15 | 0.43 | 0.40 | 0.49 |
| Net Fixed Assetsⓘ | 2.63 | 2.43 | 2.12 | 2.05 | 1.79 | 1.41 | 1.21 | 1.03 | 0.95 | 0.96 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.25 | 0 | 0 |
| Investmentsⓘ | 0.60 | 0.58 | 0.29 | 0.23 | 0.21 | 0.25 | 0.17 | 3.38 | 7.49 | 7.29 |
| Inventories | 1.18 | 0.65 | 0.63 | 1.31 | 1.15 | 1.24 | 1.07 | 0.51 | 1.10 | 1.25 |
| Trade Receivables | 4.28 | 1.71 | 1.88 | 2.18 | 1.83 | 1.04 | 2.03 | 1.59 | 2 | 3.59 |
| Cash Equivalents | 1.08 | 1.02 | 1.07 | 0.41 | 0.19 | 1.92 | 2 | 2.81 | 0.36 | 0.16 |
| Others Assetsⓘ | 2.46 | 4.15 | 3.53 | 2.79 | 2.59 | 1.52 | 2.17 | 0.98 | 2.97 | 3.04 |
| Total Assets ⓘ | 12.23 | 10.55 | 9.53 | 8.98 | 7.76 | 7.38 | 8.65 | 10.57 | 14.86 | 16.28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.22 | 0.83 | 0.65 | 0.12 | 0.08 | -0.53 | -1.26 | 3.20 | -5.03 | -1.61 |
| PBT ⓘ | -0.46 | -0.61 | -0.83 | -0.95 | -0.72 | 0.36 | -0.52 | -0.97 | 7.63 | -0.89 |
| Adjustment ⓘ | 0.40 | 0.44 | 0.26 | 0.18 | 1.31 | -0.38 | -0.02 | -0.12 | -8.62 | 0 |
| Changes in Working Capital ⓘ | 2.28 | 1 | 1.18 | 0.9 | -0.49 | -0.39 | -0.72 | 4.24 | -4.04 | -0.72 |
| Tax Paid ⓘ | 0 | 0 | 0.05 | 0 | -0.01 | -0.12 | 0 | 0.05 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.86 | -0.06 | 0.39 | -0.02 | 0.14 | 0.79 | -0.56 | -2.59 | 5.33 | 0.44 |
| Capex | -0.52 | -0.16 | 0 | -0.17 | -0.03 | 0.64 | -0.01 | -0.14 | 8.82 | -0.10 |
| Net Investments | 0.10 | 0.01 | 0.29 | 0.06 | 0.03 | -0.04 | -0.83 | 0.52 | -2.87 | 0.36 |
| Others ⓘ | -0.44 | 0.08 | 0.10 | 0.09 | 0.14 | 0.19 | 0.28 | -2.97 | -0.61 | 0.18 |
| Cash Flow From Financing Activityⓘ | -1.92 | -0.84 | -0.52 | -0.61 | -0.13 | -0.05 | 1.51 | -0.52 | -0.39 | 1.23 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -0.11 | -0.27 | -0.16 | -0.10 | -0.02 | -0.02 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -0.17 | -0.05 | -0.02 | -0.03 | -0.02 | -0.04 | -0.06 | -0.05 | -0.09 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.92 | -0.56 | -0.21 | -0.42 | 0 | 0 | 1.56 | -0.46 | -0.34 | 1.32 |
| Net Cash Flow ⓘ | -0.55 | -0.06 | 0.52 | -0.50 | 0.09 | 0.22 | -0.31 | 0.09 | -0.09 | 0.06 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.81 | -6.89 | -7.62 | -13.33 | -11.49 | 3.95 | -8.75 | -18.79 | 89.76 | -7.46 |
| ROCE (%) | -1.37 | -4.31 | -8.03 | -11.48 | -10.45 | 6.07 | -7.19 | -14.04 | 81.44 | -6 |
| Asset Turnover Ratio | 1.54 | 1.35 | 1.35 | 2.12 | 2.31 | 2.14 | 1.39 | 1.27 | 1.22 | 1.27 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | -2.21 | N/A | N/A | -0.66 | N/A | Working Capital Days |
| Receivable Days | 92 | 71 | 48 | 38 | 38 | 32 | 50 | 54 | 42 | 52 |
| Inventory Days | 23 | 22 | 17 | 18 | 23 | 27 | 38 | 24 | 19 | 22 |
| Payable Days | 18 | 20 | 19 | 40 | 52 | 42 | 47 | 36 | 32 | 53 |
Hipolin was established in 1970 and went public in 1994. Hipolin (HIPOLIN) is engaged in generation of electricity through wind farms. Hipolin is one of the largest manufacturer of detergent products and cosmetics in India and holds good position having more than 300 distributors all over India in the domestic market of the country.
The company has maintained a marginal reputation in the market by the production of quality-approved products. Along with that, the company is one of the familiar exporters of the country in the same field.
The company is having the capacity of manufacturing the detergents and cosmetics in buyers approved brand name and also manufacture the products as per buyer's desired specification and packing. The company is also manufacturing detergent powder in loose foam for industrial purpose and high foam for domestic use.
The quality and packing can be matched with the European market and taste.
The two factories are located in the Ahmedabad district of Gujarat with installed capacities of 2,400 MTPA toothpaste and 600 MTPA shaving cream. The company sells its products through a network of over 700 agents and distributors spread across India. Major export destinations include Russia, Ukraine, UAE and Africa.
The registered office of the company is located at A/1/1, Nilkanth Industrial Estate, Sanand - Viramgam Highway, Virochannagar-382170, Gujarat.
Product range of the company:
The company is mainly into detergent products and cosmetics while its other products include toothpaste, soap, mint, fluoride, baking soda, toothbrush, conditioners, shampoo, liquid blue, salt, and talcum powder. It markets its products under the brand name Hipolin.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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