Heranba Industries Ltd
NSE: HERANBA · Pesticides & Agrochemicals · sector
₹146.21NSE close 2026-10-26
Key numbers
Market cap₹585 cr
Price₹146.21
52w high / low₹315 / ₹146
P/E–Sector median 18.3x
P/B0.8xSector median 1.8x
Book value₹190.4
Dividend yield0.69%Sector median 0.55%
ROE-9.4%Sector median 9.3%
ROCE-0.8%Sector median 12.4%
OPM5.7%Sector median 10.4%
Debt / equity0.75xSector median 0.34x
EV/EBITDA12.9xSector median 10.8x
Interest cover-0.2x
Current ratio1.08x
Sales growth 3y+6.5%Sector median +1.7%
Profit growth 3y–Sector median +2.3%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹33 cr vs borrowings ₹573 cr (FY26): borrowings are higher by ₹540 cr.
- Borrowings rose in each of the last 3 years (₹89 cr → ₹573 cr).
- Operating profit covered interest -0.2x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY22).
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹146.21 on 2026-10-26: -53.6% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹518.30 · low ₹146.21
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 437 | 341 | 335 | 452 | 522 | 301 | 319 | 383 |
| EBITDA | 60 | 13 | -14 | 31 | 49 | 12 | -23 | 49 |
| OPM % | 13.6% | 3.7% | -4.3% | 6.9% | 9.4% | 4.1% | -7.3% | 12.8% |
| Other income | 3 | 0 | 3 | 13 | -3 | 4 | -6 | 6 |
| Net profit | 38 | -10 | -41 | 6 | -1 | -23 | -58 | 7 |
| EPS (₹) | 9.49 | -2.55 | -10.37 | 1.53 | -0.36 | -5.81 | -14.45 | 1.78 |
| Revenue YoY | +19.3% | -11.7% | -4.6% | -15.3% | ||||
| Profit YoY | -103.8% | – | – | +17.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,450 | 1,319 | 1,257 | 1,410 | 1,595 | 1,526 |
| EBITDA | 260 | 156 | 77 | 98 | 69 | 87 |
| Net profit | 189 | 104 | 35 | 3 | -76 | -75 |
| EPS (₹) | 47.25 | 26.08 | 8.72 | 0.77 | -19.10 | -18.84 |
| Revenue growth | -9.1% | -4.7% | +12.1% | +13.1% | -2.6% | |
| Profit growth | -44.8% | -66.6% | -91.2% | -2,589.3% | – | |
| Dividend / share (₹) | 0.70 | 2.00 | 1.25 | 1.25 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.5% | +5.5% | -2.6% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -42.7% (2y) | -49.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 810 | 843 | 841 | 762 |
| Borrowings | – | 89 | 161 | 345 | 573 |
| Cash & equivalents | – | 119 | 40 | 55 | 33 |
| Total assets | – | 1,162 | 1,480 | 1,813 | 1,970 |
| Fixed assets | – | 209 | 445 | 662 | 692 |
| Capital work in progress | – | 72 | 137 | 70 | 20 |
| Investments | – | 1 | 2 | 3 | 5 |
| Receivables | – | 386 | 467 | 555 | 591 |
| Inventory | – | 304 | 275 | 337 | 462 |
| Payables | – | 189 | 290 | 486 | 500 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 98 | 138 | 107 | 101 | -96 |
| Cash from investing | -82 | 0 | -241 | -239 | -89 |
| Cash from financing | -6 | 0 | 62 | 152 | 166 |
| Capex | 81 | 0 | 254 | 276 | 92 |
| Free cash flow | 18 | 138 | -146 | -175 | -188 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 12.9% | 4.1% | 0.4% | -10.0% |
| ROCE % | – | 16.2% | 6.4% | 4.1% | -1.6% |
| Debtor days | – | 107 | 136 | 144 | 135 |
| Inventory days | – | 126 | 116 | 130 | 153 |
| Payable days | – | 78 | 122 | 188 | 166 |
| Cash conversion cycle (days) | – | 155 | 130 | 86 | 122 |
| Working capital days | – | 140 | 70 | 45 | 21 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.94% |
| FIIs | 0.03% |
| DIIs | 0.29% |
| Public (non-institutions) | 24.74% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.94% | 74.94% | 74.94% | 74.94% | 74.94% | 74.94% | 74.94% | 74.94% |
| Promoter group | % |
|---|---|
| Raghuram Kanyan Shetty | 29.77% |
| Sadashiv Kanyana Shetty | 18.00% |
| Sujata Sadashiv Shetty | 8.07% |
| Vanita Raghuram Shetty | 5.04% |
| Raghuram Kanyan Shetty (HUF) | 3.45% |
| Shreya Sadashiv Shetty | 2.36% |
| Sams Industries Private Limited | 2.17% |
| Shriraj Sadashiv Shetty | 2.11% |
| Raunak Raghuram Shetty | 1.59% |
| Roshan Raghuram Shetty | 1.59% |
| Sadashiv Kanyana Pakeera Shetty (HUF) | 0.80% |
| Nithyanand K Shetty | 0.00% |
65,510 shareholders. Pledged: – of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| HERANBA | ₹585 cr | – | 0.8x | -9.4% | -0.8% | 5.7% | +6.5% | 0.69% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-09-17 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-05 | Dividend | Dividend - Rs 1.25 Per Share |
| 2024-09-05 | Other | Annual General Meeting |
| 2023-08-17 | Dividend | Annual General Meeting/Dividend - Rs 1.25 Per Share |
| 2022-07-19 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-09-06 | Dividend | Dividend - Rs 0.70 Per Share |
| 2021-09-06 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Engaged in the business of manufacturing, selling, distributing, purchasing and dealing of Insecticides, Fungicides, Herbicides, Weedicides and Public Health Service
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | HERANBA |
| BSE code | 543266 |
| ISIN | INE694N01015 |
| Face value | ₹10.0 |
| Incorporated | 1992-03-17 |
| Website | www.heranba.co.in |
| Plants (India / abroad) | 4 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.