---
title: "Hoganas India Pvt Ltd (HOGANAS) — Share Price, Financials & Analysis"
symbol: "HOGANAS"
company: "Hoganas India Pvt Ltd"
canonical: "https://tapetide.com/stocks/HOGANAS"
generated_at: "2026-10-13T10:58:39.320Z"
---

# Hoganas India Pvt Ltd (HOGANAS)

Canonical page: https://tapetide.com/stocks/HOGANAS

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- The company has delivered a poor sales growth of 2.96% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 34% | 8% | 7% |
| revenue growth | 10% | 6% | 3% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 | Dec 2006 | Dec 2007 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 89 | 119 | 195 | 206 | 176 | 198 | 217 | 239 |
| Expenses | 52 | 76 | 105 | 163 | 183 | 167 | 184 | 195 | 207 |
| Operating Profit | 9 | 13 | 14 | 32 | 24 | 9 | 14 | 23 | 32 |
| OPM % | 15 | 14 | 12 | 16 | 11 | 5 | 7 | 10 | 13 |
| Other Income | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 4 | 0 | 0 | 6 | 7 |
| Profit before tax | 8 | 13 | 13 | 29 | 20 | 9 | 14 | 18 | 29 |
| Tax % | 34 | 37 | 38 | 33 | 35 | 0 | 0 | 27 | 37 |
| Net Profit | 5 | 8 | 8 | 19 | 13 | 9 | 14 | 13 | 18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 148 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 | Dec 2006 | Dec 2007 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 32 | 39 | 47 | 95 | 108 | 116 | 131 | 151 | 137 |
| Borrowings | 7 | 7 | 6 | 0 | 1 | 1 | 1 | 1 | 2 |
| Other Liabilities | 21 | 35 | 64 | 26 | 25 | 24 | 28 | 32 | 42 |
| Total Liabilities | 65 | 87 | 123 | 127 | 138 | 146 | 165 | 190 | 186 |
| Fixed Assets | 13 | 15 | 24 | 25 | 40 | 44 | 48 | 73 | 84 |
| CWIP | 2 | 7 | 3 | 3 | 1 | 2 | 2 | 3 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 50 | 65 | 96 | 98 | 98 | 99 | 116 | 114 | 101 |
| Total Assets | 65 | 87 | 123 | 127 | 138 | 146 | 165 | 190 | 186 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2005 | Dec 2006 | Dec 2007 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 4 | 36 | 1 | 18 | 14 | 6 | 25 | 29 |
| Cash from Investing Activity | -2 | -8 | -7 | 0 | -20 | -16 | -4 | -27 | 6 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -34 |
| Net Cash Flow | 0 | -5 | 28 | 1 | -2 | -2 | 1 | -2 | 1 |
| Free Cash Flow | 0 | -5 | 28 | -6 | 9 | -2 | -1 | 14 | 15 |
| CFO/OP | 57 | 74 | 289 | 32 | 108 | 199 | 78 | 132 | 118 |

### Ratios

| Item | Dec 2005 | Dec 2006 | Dec 2007 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 66 | 50 | 40 | 61 | 37 | 60 | 65 | 58 | 58 |
| Inventory Days | 137 | 152 | 94 | — | — | — | — | 102 | 99 |
| Days Payable | 65 | 105 | 69 | — | — | — | — | 56 | 76 |
| Cash Conversion Cycle | 138 | 96 | 65 | 61 | 37 | 60 | 65 | 104 | 81 |
| Working Capital Days | 112 | 100 | -5 | 89 | 68 | 90 | 97 | 77 | 63 |
| ROCE % | — | 26 | 24 | — | 19 | 7 | 11 | — | 19 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 16.88 | Sell |
| EMA (10) | 16.89 | Sell |
| SMA (20) | 17.51 | Sell |
| EMA (20) | 17.33 | Sell |
| SMA (50) | 18.35 | Sell |
| EMA (50) | 18.2 | Sell |
| SMA (100) | 19.3 | Sell |
| EMA (100) | 19.68 | Sell |
| SMA (200) | 23.05 | Sell |
| EMA (200) | 22.02 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.61 | Neutral |
| MACD (12,26,9) | -0.54 | Sell |
| Stochastic (14,3,3) | 14.59 | Buy |
| ADX (14) | 16.15 | Neutral |
| Williams %R (14) | -74.38 | Neutral |
| ATR (14) | 0.98 | High Volatility |
| ROC (12) | -5.54 | Sell |
| Stoch RSI (14) | 56.5 | Neutral |
| UO (7,14,28) | 42.85 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:39.320Z.