Hindcon Chemicals Ltd. (HINDCON) AI Stock Analysis

Hindcon Chemicals Ltd.

(NSE:HINDCON)

Select Model

Rating:53Neutral

Action:reiterated

Date:08/19/26

The score is primarily held back by financial performance, especially the FY2026 reversal to negative operating/free cash flow alongside a meaningful rise in debt, which increases liquidity and execution risk. Valuation is moderately supportive with a P/E of 19.69, but missing dividend yield and limited technical data keep the overall score in the low-to-mid range.

Positive Factors

Revenue GrowthThe reported revenue growth rate indicates continued demand and business expansion. If sustained, this provides a foundation for operating scale, broader customer reach and improved absorption of fixed costs over the next several quarters.

Negative Factors

Negative Operating and Free Cash FlowThe FY2026 reversal to negative operating and free cash flow weakens cash earnings quality and may increase funding dependence. Unless cash conversion recovers, liquidity could constrain investment, debt servicing and execution of growth plans.

Hindcon Chemicals Ltd. Business Overview & Revenue Model

Company Description

Hindcon Chemicals Limited, originally established in 1947 in Kolkata, India, as Hind Silicates Pvt Ltd, operates as a prominent producer and distributor of a diverse range of chemical products. The company specializes in manufacturing and supplying s...

How the Company Makes Money

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Hindcon Chemicals Ltd. Financial Statement Overview

Summary

Financials are mixed and skew weaker by cash flow: income statement performance is volatile with a sharp operating profit decline in the most recent year, and cash flow deteriorated to negative in FY2026 (operating and free cash flow), raising funding and execution risk. The balance sheet is generally solid with a growing equity base, but the material step-up in debt in FY2026 increases risk versus the previously low-leverage profile.

Income Statement

62Positive

Balance Sheet

70Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	720.57M	650.21M	565.87M	645.09M	855.94M	666.20M
Gross Profit	148.93M	109.51M	166.13M	180.21M	107.63M	123.16M
EBITDA	68.78M	58.97M	42.31M	87.80M	63.60M	56.05M
Net Income	43.26M	32.33M	38.01M	61.81M	43.19M	42.31M
Balance Sheet
Total Assets	0	764.91M	638.33M	595.66M	536.33M	526.16M
Cash, Cash Equivalents and Short-Term Investments	189.22M	189.46M	139.46M	117.70M	103.41M	54.29M
Total Debt	0	107.99M	7.65M	0	9.81M	12.37M
Total Liabilities	-580.80M	184.12M	91.67M	90.17M	107.97M	130.21M
Stockholders Equity	580.80M	570.93M	540.26M	499.54M	423.48M	391.38M
Cash Flow
Free Cash Flow	0	-58.13M	4.00M	55.40M	38.42M	-49.86M
Operating Cash Flow	0	-27.42M	27.45M	91.81M	53.72M	-44.43M
Investing Cash Flow	0	-64.75M	-56.84M	-64.88M	7.45M	18.83M
Financing Cash Flow	0	106.37M	3.06M	-14.35M	-8.42M	-17.01M

Hindcon Chemicals Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:HINDCON against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HINDCON	53Neutral	―	23.70	―	―	22.01%	12.55%
IN:DHARSUGAR	46Neutral	INR 286.52M	-0.43	―	―	368.67%	9.30%
IN:TIJARIA	43Neutral	INR 150.29M	-10.94	―	―	―	72.79%
IN:OMKARCHEM	42Neutral	INR 74.08M	-4.55	―	―	―	―
IN:PEARLPOLY	39Underperform	INR 264.48M	-4.94	―	―	-8.05%	-51.04%

* General Sector Average

Performance Comparison

IN:HINDCON and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:OMKARCHEM	Omkar Speciality Chemicals Limited	3.60	-1.77	-32.96%
IN:PEARLPOLY	Pearl Polymers Limited	15.71	-11.59	-42.45%
IN:TECILCHEM	TECIL Chemicals & Hydro Power Ltd	8.16	-12.84	-61.14%
IN:TIJARIA	Tijaria Polypipes Limited	5.25	-0.90	-14.63%

Hindcon Chemicals Ltd. Corporate Events

Hindcon Chemicals Closes Trading Window Ahead of June-Quarter Results

Jun 23, 2026

Hindcon Chemicals Ltd. has announced the closure of its trading window for designated persons and their immediate relatives in line with SEBI’s Prohibition of Insider Trading Regulations, 2015, as part of its internal code of conduct. The windo...

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: Aug 19, 2026

Hindcon Chemicals Ltd. AI Stock Analysis