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HSCL - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code HSCL Market Cap 22,881 Cr. Current Price 453 ₹ High / Low 534 ₹
Stock P/E 31.7 Book Value 79.2 ₹ Dividend Yield 0.13 % ROCE 22.6 %
ROE 16.8 % Face Value 1.00 ₹ DMA 50 460 ₹ DMA 200 465 ₹
Chg in FII Hold 0.01 % Chg in DII Hold -0.12 % PAT Qtr 195 Cr. PAT Prev Qtr 187 Cr.
RSI 48.0 MACD -5.43 Volume 18,01,819 Avg Vol 1Wk 18,66,720
Low price 351 ₹ High price 534 ₹ PEG Ratio 0.30 Debt to equity 0.20
52w Index 55.6 % Qtr Profit Var 37.1 % EPS 14.5 ₹ Industry PE 35.6

📊 Core Financials

  • Quarterly PAT rose from ₹187 Cr. to ₹195 Cr. (~4% sequential growth, ~37.1% YoY growth).
  • ROE: 16.8% → decent profitability.
  • ROCE: 22.6% → strong capital efficiency.
  • Debt-to-equity: 0.20 → low leverage, financially stable.
  • Dividend Yield: 0.13% → minimal shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 31.7 vs Industry PE 35.6 → fairly valued compared to peers.
  • P/B Ratio: 5.7 (Current Price ₹453 / Book Value ₹79.2) → moderately expensive relative to assets.
  • PEG Ratio: 0.30 → attractive, suggests earnings growth supports valuation.
  • Intrinsic Value: Current price near fair value, offering moderate upside potential.

🏢 Business Model & Competitive Advantage

  • HSCL operates in chemicals and materials, serving industrial and consumer markets.
  • Business model relies on diversified product portfolio and strong domestic demand.
  • Competitive advantage: Established brand, efficient operations, and growing profitability.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near ₹430–₹450 (close to support levels, RSI at 48 indicates neutral momentum).
  • Long-Term Holding: Suitable for investors seeking exposure to chemicals sector growth, with moderate risk-reward balance.


✅ Positive

  • Strong quarterly profit growth (~37.1% YoY).
  • Healthy ROCE (22.6%) and ROE (16.8%).
  • Low debt-to-equity ratio (0.20) ensures financial stability.

⚠️ Limitation

  • Dividend yield is very low (0.13%).
  • P/B ratio indicates moderate overvaluation relative to assets.
  • DII holdings decreased (-0.12%), showing reduced domestic institutional support.

📉 Company Negative News

  • Stock trading below 200 DMA (₹465), indicating weak long-term momentum.
  • MACD at -5.43 signals bearish technical trend.

📈 Company Positive News

  • Quarterly PAT increased from ₹187 Cr. to ₹195 Cr.
  • FII holdings increased slightly (+0.01%), showing marginal foreign investor confidence.

🌐 Industry

  • Chemicals industry PE at 35.6, slightly higher than HSCL’s 31.7, showing relative undervaluation.
  • Industry growth driven by demand in construction, consumer goods, and industrial applications.

🔎 Conclusion

  • HSCL is fundamentally strong with solid profitability, low debt, and improving earnings.
  • Valuation is fair compared to peers, offering moderate upside potential.
  • Best strategy: Accumulate near ₹430–₹450 and hold long-term to benefit from growth in the chemicals sector.

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