Heranba Industries Limited (HERANBA) AI Stock Analysis

Heranba Industries Limited

(NSE:HERANBA)

Select Model

Rating:45Neutral

Price Target:INR 141.00▼(-2.66% Downside)

Action:upgraded

Date:09/26/26

The overall stock score is low, primarily driven by Heranba’s deteriorated financial performance, including a swing into losses, negative operating cash flow, multi‑year negative free cash flow, rising but moderate leverage, and falling returns on equity, which together indicate a stressed and higher‑risk financial profile. Technicals offer some support, with the price above key shorter‑term moving averages and a positive MACD signaling improving momentum, but the stock remains below its long‑term average and shows elevated volatility with an RSI near the upper band, keeping the technical contribution only moderately positive. Valuation adds limited support, as a negative P/E ratio and modest dividend yield provide little evidence of clear cheapness or strong income appeal given current weak earnings, resulting in a cautious overall score.

Positive Factors

Broad crop-protection portfolioA broad crop-protection portfolio gives Heranba exposure to multiple agricultural use cases rather than relying on one product category. This breadth can support a more resilient product mix and provide several avenues for continued customer and market development over the next several quarters.

Negative Factors

Sharp profitability deteriorationThe shift from strong earlier profitability to a substantial net loss and negative operating profit weakens internally generated earnings capacity. Persistently compressed margins would limit reinvestment, reduce resilience to operating pressure, and make recovery dependent on reversing the causes of the downturn.

Heranba Industries Limited (HERANBA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.80B
Dividend Yield: 0.69%
Average Volume (3M): 4,684
Price to Earnings (P/E): -7.7
Beta (1Y): 1.60
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 1,195
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Heranba Industries Limited Business Overview & Revenue Model

Company Description

Heranba Industries Limited, headquartered in Mumbai, India, specializes in the manufacturing, marketing, and sale of a comprehensive range of agrochemicals. The company's extensive product portfolio includes essential intermediate chemicals (e.g., cy...

How the Company Makes Money

Heranba Industries Limited primarily makes money by selling agrochemical products used in crop protection. Its core revenue model is product-based: (1) Sales of formulated crop protection products (finished formulations such as insecticides, herbicid...

Heranba Industries Limited Financial Statement Overview

Summary

Financial performance is weak and stressed: the income statement score of 32 reflects a swing from strong profitability to a meaningful loss with declining revenue and negative margins, the cash flow score of 27 shows multi‑year negative and volatile free cash flow with the latest year’s largest outflow, while the balance sheet score of 55 highlights only moderate leverage and a still‑solid equity base. Overall, rising debt, deteriorated returns on equity, and negative operating cash flow offset the historic profitability of the business, leading to a low but slightly above‑minimum financial performance score.

Income Statement

32Negative

Balance Sheet

55Neutral

Cash Flow

27Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.26B	15.95B	14.17B	12.49B	13.11B	14.35B
Gross Profit	3.51B	2.80B	4.72B	3.70B	4.29B	5.04B
EBITDA	784.60M	771.80M	1.05B	886.70M	1.68B	2.79B
Net Income	-754.00M	-764.20M	30.70M	348.90M	1.04B	1.89B
Balance Sheet
Total Assets	0	19.70B	18.13B	14.80B	11.62B	10.69B
Cash, Cash Equivalents and Short-Term Investments	327.90M	238.30M	426.00M	287.00M	1.22B	1.05B
Total Debt	0	5.76B	3.49B	1.65B	930.00M	539.62M
Total Liabilities	-7.70B	12.00B	9.63B	6.27B	3.52B	3.54B
Stockholders Equity	7.70B	7.62B	8.41B	8.43B	8.10B	7.14B
Cash Flow
Free Cash Flow	-1.49B	-2.32B	-1.75B	-1.46B	611.90M	176.37M
Operating Cash Flow	-1.22B	-1.40B	1.01B	1.07B	1.23B	981.75M
Investing Cash Flow	-265.00M	-902.30M	-2.39B	-2.41B	-1.00B	-816.79M
Financing Cash Flow	1.35B	2.11B	1.52B	620.20M	-180.80M	-62.80M

Heranba Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price144.85

Price Trends

50DMA166.76Negative

100DMA173.75Negative

200DMA188.16Negative

Market Momentum

MACD-6.53Positive

RSI28.84Positive

STOCH10.82Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HERANBA, the sentiment is Negative. The current price of 144.85 is below the 20-day moving average (MA) of 159.10, below the 50-day MA of 166.76, and below the 200-day MA of 188.16, indicating a bearish trend. The MACD of -6.53 indicates Positive momentum. The RSI at 28.84 is Positive, neither overbought nor oversold. The STOCH value of 10.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HERANBA.

Heranba Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HERANBA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SHARDACROP	76Outperform	INR 59.96B	9.58	―	2.26%	18.52%	49.11%
IN:DHANUKA	73Outperform	INR 43.75B	16.48	―	0.20%	-5.63%	-11.38%
IN:RALLIS	63Neutral	INR 35.75B	18.14	―	1.63%	6.82%	11.93%
IN:INSECTICID	58Neutral	INR 15.10B	11.82	―	0.39%	1.26%	-16.43%
IN:PIIND	56Neutral	INR 316.94B	27.34	―	0.48%	-16.57%	-27.71%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HERANBA	45Neutral	INR 5.80B	-7.70	―	0.69%	―	―

* General Sector Average

Performance Comparison

IN:HERANBA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:HERANBA	Heranba Industries Limited	144.85	-154.15	-51.56%
IN:DHANUKA	Dhanuka Agritech Limited	981.50	-322.04	-24.70%
IN:INSECTICID	Insecticides (India) Limited	519.10	-200.11	-27.82%
IN:PIIND	PI Industries Limited	2089.00	-1580.52	-43.07%
IN:RALLIS	Rallis India Limited	183.85	-75.13	-29.01%
IN:SHARDACROP	Sharda Cropchem Ltd.	664.60	-135.86	-16.97%

Heranba Industries Limited Corporate Events

Heranba Industries CFO Pravin Shetty to Step Down by End-2026

Oct 26, 2026

Heranba Industries has announced that Chief Financial Officer and key managerial personnel Mr. Pravin Shetty has tendered his resignation, effective at the close of business on December 31, 2026. The move, attributed to personal and family commitment...

Heranba Industries Publishes Notices for Virtual 34th AGM

Sep 5, 2026

Heranba Industries Limited has notified the exchanges that it has published newspaper notices for its 34th Annual General Meeting, scheduled for September 28, 2026, at 4:00 p.m. IST, to be conducted via video conferencing and other audio-visual means...

Heranba Industries Sets Virtual 34th AGM, Moves to Strengthen Board Continuity and Governance

Sep 3, 2026

Heranba Industries Limited has scheduled its 34th Annual General Meeting for September 28, 2026, to be conducted via video conferencing and other audio-visual means in line with MCA and SEBI guidelines, with the AGM notice to be circulated to shareho...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 26, 2026

Heranba Industries Limited AI Stock Analysis