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Hindcon Chemicals Limited (HINDCON) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.1B

HC Hindcon Chemicals Limited HINDCON · NSE
Price₹21.66
Fair Value₹9.12
Upside-57.9%
Quality47/100
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Evidence: High Range ₹8.05 – ₹11.85

Fair value as of: Jul 3, 2026

From 15 valuation models · updated yesterday

Share price −4.6% over the past month.

Price vs Fair Value (12 months)

₹36.56 ₹16.77 Fair Value ₹9.12 Jul 2025 Jul 2026

12‑month range ₹16.77 – ₹36.56 · fair‑value band ₹8.05 – ₹11.85 · the ₹21.66 price screens above the ₹9.12 fair value. As of Jul 3, 2026.

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Analysis

Hindcon Chemicals Limited (HINDCON) currently trades at ₹21.66, while our model-based Fair Value estimate is ₹9.12 — implying the stock looks roughly 57.9% overvalued today. We read business quality at 47/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Hindcon Chemicals Limited generated revenue of ₹650M at a net margin of 5.0%. Revenue grew 33.4% year over year. It earns a return on equity of 5.5%. The balance sheet holds a net cash position of ₹81.5M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹650M
Revenue growth (YoY) +33.4%
Net margin 5.0%
Return on equity 5.5%
Free cash flow −₹58.1M FY2026
P/E ratio 25.8
More key figures
Operating margin 2.9%
EPS (TTM) ₹0.8400
EPS growth (YoY) +54.8%
Net cash ₹81.5M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Hindcon Chemicals Limited manufactures and sells sodium silicates and construction chemicals, and related services in India and internationally. It offers cement additive products, which includes coating and impregnation, concrete and mortar admixtures, epoxy grouts and mortars, expansion and contraction joint systems, floorings, foundry aids, green products for building projects, grouts, protective coating and sheeting, remover and cleaning compounds, sealants, shotcrte aids, tile adhesives, waterproofing compounds, concreting and grinding aids, and excavation aids; sodium silicate products, such as sodium silicate neutral, alkaline, colloidal silica, sodium metasilicate; and multisafe products. The company also provides various services, such as waterproofing and repair, retrofitting and restructuring, and specification services. In addition, it is involved in the trading of pulses. The company was formerly known as Hind Silicates Pvt Ltd. Hindcon Chemicals Limited was founded in …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hindcon Chemicals Limited reported revenue of ₹650M in FY2026 versus ₹666M in FY2022, a compound −0.6%/yr. Reported net income was ₹32.3M in FY2026, compounding −6.5%/yr from FY2022.

Revenue −0.6%/yr
FY22 ₹666M
FY23 ₹856M
FY24 ₹645M
FY25 ₹566M
FY26 ₹650M
Net income −6.5%/yr
FY22 ₹42.3M
FY23 ₹43.2M
FY24 ₹61.8M
FY25 ₹38.0M
FY26 ₹32.3M

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Frequently asked questions

Is Hindcon Chemicals Limited (HINDCON) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹9.12 versus a price of ₹21.66 — about −58% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HINDCON?
Our model-based fair value for Hindcon Chemicals Limited is ₹9.12 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹21.66.
What is the quality score of HINDCON?
Hindcon Chemicals Limited has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hindcon Chemicals Limited (HINDCON)?
Hindcon Chemicals Limited reported trailing-twelve-month revenue of about ₹650M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HINDCON?
The net profit margin of Hindcon Chemicals Limited is about 5.0%, meaning it keeps roughly 5.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.