Latest news with #HeranbaIndustries
Business Standard
a day ago
- Business
- Business Standard
Crisil Ratings reaffirms 'A/A1+' ratings of Heranba Industries with 'stable' outlook
Heranba Industries (HIL) said that Crisil Ratings has reaffirmed its 'Crisil A/Stable/Crisil A1' ratings on the bank loan facilities of the company. Crisil Ratings stated that the rating continues to reflect the established presence of the company in the agrochemicals market and healthy financial risk profile. These strengths are partially offset by large working capital requirement and exposure to risks inherent in the agrochemicals industry. The agency further said that growth in revenue and improvement in operating margins leading to accruals of over Rs 150 crore on a sustained basis, and improvement in working capital cycle with debtor collection and inventory rationalization, could lead to a positive rating action Factors that would result in a downward rating action include decline in revenue or operating margin remaining below 9% resulting in lower-than-expected accruals; a further increase in working capital requirement; a larger-than-expected debt-funded capex or acquisition; or a more-than-expected dividend pay-out, weakening the financial risk profile, particularly liquidity. Heranba Industries (HIL) manufactures formulations and active ingredients for insecticides, fungicides, and herbicides at its three units in Vapi, Gujarat. The scrip declined 1.49% to currently trade at Rs 265 on the BSE.
Business Standard
24-05-2025
- Business
- Business Standard
Heranba Industries reports consolidated net loss of Rs 41.49 crore in the March 2025 quarter
Sales rise 29.80% to Rs 334.77 crore Net Loss of Heranba Industries reported to Rs 41.49 crore in the quarter ended March 2025 as against net loss of Rs 0.34 crore during the previous quarter ended March 2024. Sales rose 29.80% to Rs 334.77 crore in the quarter ended March 2025 as against Rs 257.91 crore during the previous quarter ended March 2024. For the full year,net profit declined 91.20% to Rs 3.07 crore in the year ended March 2025 as against Rs 34.89 crore during the previous year ended March 2024. Sales rose 12.14% to Rs 1409.73 crore in the year ended March 2025 as against Rs 1257.07 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 334.77257.91 30 1409.731257.07 12 OPM % -4.334.79 - 6.956.12 - PBDT -25.5611.63 PL 74.6778.35 -5 PBT -41.143.68 PL 18.0652.24 -65 NP -41.49-0.34 -12103 3.0734.89 -91
Fibre2Fashion
02-05-2025
- Business
- Fibre2Fashion
Heranba Organics begins commercial production at Saykha unit, Gujarat
Heranba Organics Private Limited (HOPL), a wholly owned subsidiary of Heranba Industries, has commenced commercial production at its Saykha Unit, Phase-I, located in the Saykha Industrial Estate, Bharuch district, Gujarat. Heranba Organics, a subsidiary of Heranba Industries, has begun commercial production at its Saykha Unit, Phase-I in Gujarat. With a 6,000 MTPA capacity, the unit is expected to generate $33.6 million - $36 million annually. MD R K Shetty said the move reflects the company's resilience and aims to drive growth, margin expansion, and stakeholder value in FY26. The unit, with a production capacity of approximately 6,000 MTPA, is expected to generate annual revenue between ₹280 crore (~$33.6 million) and ₹300 crore (~$36 million). The development aligns with the company's long-term growth strategy and commitment to sustainable expansion while boosting employment in the region, the company said in a BSE listing. 'This commencement of commercial production is a recognition of Heranba's established track record, healthy accruals and resiliency of the business model. Our continued growth trajectory shows the strong and resilient DNA that we are built on. We are dedicated to accelerate revenue growth and to improve productivity in order to achieve significant margin expansion, and we continue to view FY26 as a crucial acceleration point in Heranba's growth trajectory. We remain focused in delivering better services thereby benefiting all the stakeholder,' said R K Shetty, managing director, Heranba. Fibre2Fashion News Desk (HU)
