Hemang Resources
HEMANGRESOURCESLTD NSE
Hemang Resources
Commercial ServicesNSE: HEMANGRESOURCESLTD BSE: HEMANG Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹13.15 Cr
Volatility
Moderate
P/E Ratio
-11.1
EBITDA
₹-1.33 Cr
Return on Equity
2.08%
Debt to Equity
0.07
Book Value
₹17.88
EPS
₹0
52W High
₹25.78
52W Low
₹8.52
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.56 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- Company has a low return on equity of -1.28% over last 3 years.
- Contingent liabilities of Rs.218 Cr.
- Company has high debtors of 1,156 days.
Growth Rate
Revenue Growth
-17.55% higher than
3Y
Net Income Growth
-208% lower than
3Y
Cash Flow Change
-25% lower than
3Y
ROE
-149% lower than
3Y
ROCE
-126% lower than
3Y
EBITDA Margin (Avg.)
-269% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.46 | 5.37 | 0.38 | 6.91 | 0.31 | 0.96 | 0 | 7.53 | 1.24 | 0 | 0 | 6.84 | 0 |
| Expenses | 36.21 | 7.92 | 1.43 | 6.97 | 0.51 | 1.29 | 0.19 | 6.91 | 1.47 | 0.24 | 0.19 | 7.5 | 0.18 |
| Operating Profit | -11.75 | -2.55 | -1.05 | -0.06 | -0.2 | -0.33 | -0.19 | 0.62 | -0.23 | -0.24 | -0.19 | -0.66 | -0.18 |
| OPM % | -48.04% | -47.49% | -276.32% | -0.87% | -64.52% | -34.38% | — | 8.23% | -18.55% | — | — | -9.65% | — |
| Other Income | 0.1 | 1.83 | 0 | 10.25 | 0 | 0.01 | 0.48 | 0.47 | 0.77 | 0.02 | 0.01 | -0.01 | 0.01 |
| Interest | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -11.66 | -0.73 | -1.05 | 10.19 | -0.2 | -0.32 | 0.29 | 1.09 | 0.54 | -0.22 | -0.18 | -0.67 | -0.17 |
| Tax % | 0% | 0% | 0% | -21.3% | 0% | 0% | 0% | 29.36% | 0% | 0% | 0% | -17.91% | 0% |
| Net Profit | -11.66 | -0.73 | -1.05 | 12.35 | -0.2 | -0.32 | 0.29 | 0.77 | 0.54 | -0.22 | -0.18 | -0.56 | -0.17 |
| EPS in Rs | -8.83 | -0.55 | -0.8 | 9.36 | -0.15 | -0.24 | 0.22 | 0.58 | 0.41 | -0.17 | -0.14 | -0.42 | -0.13 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 628 | 435 | 250 | 126 | 37.04 | 1.35 | 0.1 | 65.83 | 205 | 37.12 | 8.8 | 8.08 | 6.84 |
| Expenses | 614 | 426 | 246 | 142 | 51.5 | 21.04 | 19.64 | 50.21 | 195 | 52.54 | 8.89 | 9.42 | 8.11 |
| Operating Profit | 13.99 | 9 | 4.05 | -15.9 | -14.46 | -19.69 | -19.54 | 15.62 | 9.98 | -15.42 | -0.09 | -1.34 | -1.27 |
| OPM % | 2.23% | 2.07% | 1.62% | -12.64% | -39.04% | -1458.52% | -19540% | 23.73% | 4.87% | -41.54% | -1.02% | -16.58% | -18.57% |
| Other Income | 2.14 | 3.57 | 4.77 | 8.19 | 0.47 | 13.71 | 13.49 | 12.86 | 1.13 | 12.18 | 0.96 | 0.8 | 0.03 |
| Interest | 7.55 | 10.77 | 10.27 | 9.46 | 2.36 | 0.24 | 0.47 | 0.27 | 0.13 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 |
| PBT | 8.58 | 1.79 | -1.47 | -17.19 | -16.37 | -6.24 | -6.54 | 28.2 | 10.97 | -3.26 | 0.86 | -0.54 | -1.24 |
| Tax % | 32.87% | 27.93% | -32.65% | -31.06% | -25.96% | -22.92% | -22.94% | 30.78% | 32.73% | -66.56% | 37.21% | -22.22% | — |
| Net Profit | 5.75 | 1.29 | -0.99 | -11.85 | -12.12 | -4.81 | -5.04 | 19.52 | 7.38 | -1.09 | 0.54 | -0.43 | -1.13 |
| EPS in Rs | 4.36 | 0.98 | -0.75 | -8.98 | -9.18 | -3.64 | -3.82 | 14.79 | 5.59 | -0.83 | 0.41 | -0.33 | -0.86 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 | 13.2 |
| Reserves | 19.93 | 21.22 | 20.23 | 8.38 | -3.74 | -8.55 | -13.59 | 5.93 | 13.31 | 12.22 | 12.76 | 10.58 |
| Borrowings | 35.49 | 18.4 | 36.1 | 32.55 | 41.01 | 32.59 | 21.59 | 3.39 | 3.39 | 1.86 | 1.71 | 1.71 |
| Other Liabilities | 163 | 165 | 85.36 | 75.69 | 50.74 | 37.4 | 42.75 | 49.91 | 40.73 | 27.96 | 27.9 | 21.69 |
| Total Liabilities | 232 | 218 | 155 | 130 | 101 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
| Fixed Assets | 0.04 | 0.06 | 0.2 | 0.18 | 0.17 | 0.15 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.86 | 0.09 | 0.12 | 0.17 | 0.17 | 0.24 | 0.27 | 0.3 | 0.35 | 0.4 | 0.18 | 0 |
| Other Assets | 231 | 218 | 155 | 129 | 101 | 74.25 | 63.54 | 72 | 70.16 | 54.73 | 55.28 | 47.08 |
| Total Assets | 232 | 218 | 155 | 130 | 101 | 74.64 | 63.95 | 72.43 | 70.63 | 55.24 | 55.57 | 47.18 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 26.3 | 19.19 | -12.48 | 8.44 | -16.21 | 9.36 | 11.28 | 15.91 | -0.18 | 0.84 | 0.41 | 8.16 |
| Investing | -4.54 | 3.36 | -4.6 | 3.51 | 10.06 | -0.49 | 0.17 | 1.95 | -0.09 | 0.63 | 0.22 | -0.62 |
| Financing | -41.88 | -26.5 | 16.67 | -12.02 | 6.45 | -8.53 | -11.24 | -21.8 | 0 | -1.53 | -0.15 | -8 |
| Net Cash Flow | -20.11 | -3.94 | -0.4 | -0.08 | 0.3 | 0.34 | 0.2 | -3.94 | -0.27 | -0.06 | 0.48 | -0.45 |
| Free Cash Flow | 26.26 | 19.16 | -12.55 | 8.44 | -16.21 | 9.36 | 11.28 | 15.9 | -0.18 | 0.84 | 0.41 | 8.16 |
| CFO/OP | 188 | 213 | -308 | -53 | 112 | -48 | -58 | 102 | -2 | -6 | -489 | -609 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 98.14 | 131 | 132 | 187 | 492 | 7,879 | 84,753 | 206 | 70.81 | 184 | 1,065 | 1,156 |
| Inventory Days | 18.45 | 21.44 | 34.66 | 75.93 | 151 | 4,672 | 2,555 | 145 | 33.06 | 166 | 1,166 | 429 |
| Days Payable | 92.65 | 140 | 112 | 177 | 386 | 8,424 | 5,144 | 274 | 48.92 | 150 | 1,311 | 848 |
| Cash Conversion Cycle | 23.94 | 11.7 | 54.4 | 85.6 | 257 | 4,127 | 82,164 | 78.16 | 54.96 | 200 | 921 | 737 |
| Working Capital Days | 13.01 | 22.93 | 13.26 | -4.99 | -159 | -3,569 | -41,391 | 117 | 50.36 | 240 | 1,129 | 760 |
| ROCE % | 19.37% | 20.69% | 14.38% | -12.5% | -26.79% | -13.68% | -20.77% | 130.24% | 42.35% | -11.37% | 3.13% | -2.03% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Hemang Resources insights
61 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Initial Disclosure With Respect To Non-Applicability Of Large
Corporate Framework
30 Apr - Hemang Resources says Large Corporate framework is not applicable. 30 Apr - Hemang Resources says Large Corporate framework is not applicable.
2
Initial Disclosure With Respect To Non-Applicability Of Large
Corporate Framework
30 Apr - Hemang Resources says Large Corporate framework is not applicable. 30 Apr - Hemang Resources says Large Corporate framework is not applicable.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Certificate under Regulation-74(5) of Securities Exchange Board of India (Depositories and Participants) Regulation, 2018 for the Quarter ended on 31st March, 2026. 13 Apr - Certificate under Regulation-74(5) of Securities Exchange Board of India (Depositories and Participants) Regulation, 2018 for the Quarter ended on 31st March, 2026.
4
Announcement Under Regulation -30-Reply To Clarification On Price Movement Sought By BSE Limited.
9 Apr - Company clarifies recent share price movement is market-driven, with no undisclosed events. 9 Apr - Company clarifies recent share price movement is market-driven, with no undisclosed events.
5
Clarification sought from Hemang Resources Ltd
8 Apr - Exchange has sought clarification from Hemang Resources Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors … 8 Apr - Exchange has sought clarification from Hemang Resources Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors …
Frequently Asked Questions about Hemang Resources
What does Hemang Resources Ltd do?
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.[1]
Where is Hemang Resources Ltd (531178) listed?
Hemang Resources Ltd trades as HEMANGRESOURCESLTD on the NSE and under code HEMANG on the BSE.
Which sector does Hemang Resources Ltd belong to?
Hemang Resources Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the market capitalisation of Hemang Resources Ltd?
Hemang Resources Ltd has a market capitalisation of ₹13.15 Cr, which places it in the Small Cap band.
What is the PE ratio of Hemang Resources Ltd?
Hemang Resources Ltd trades at a PE ratio of -11.10, on earnings per share of ₹0, against a book value of ₹17.88 per share.
What is the 52-week high and low of Hemang Resources Ltd?
Over the last 52 weeks Hemang Resources Ltd has traded between ₹8.52 and ₹25.78.
What is the Return on Equity (ROE) of Hemang Resources Ltd?
Hemang Resources Ltd reported a return on equity of 2.08%. Its debt-to-equity ratio is 0.07.
Company Information
Incorporated in 1993, Hemang Resources Ltd is in the business of Coal Trading and Infrastructure.[1]
Website bhatiacoalindia.com
Face Value ₹ 10
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