Haldia Petrochemicals Ltd
About
Haldia Petrochemicals is one of India’s largest petrochemical companies, primarily operating within the country while exporting to over 50 countries worldwide. Established in 1985 as a joint venture between the Government of West Bengal and private entities, HPL started production in the year 2000. The Chatterjee Group, with its Head Quarters in USA, has controlling stake in Haldia Petrochemicals Limited. Its diversified product portfolio includes polymers such as polyethylene and polypropylene, chemicals, and various downstream products, with polymers being its most profitable segment. Headquartered in Kolkata, Haldia Petrochemicals operates a major manufacturing plant in Haldia, West Bengal, which serves as the backbone of its production capabilities.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 14914 -5.7% | 15820 13.6% | 13930 33.4% | 10443 2.2% | 10215 -7.4% | 11034 4.1% | 10600 -13.7% | 12278 4.4% | 11757 274.4% | 3140 -64.2% | 8764 2.1% | 8585 - | 8284 6.1% | 7809 116.6% | 3606 -51.4% | 7412 - |
| Net Operating Income (INR Cr) | 14392 -9.36% | 15878 24.79% | 12724 24.03% | 10259 -0.58% | 10319 -3.27% | 10667 3.48% | 10308 -13.25% | 11883 2.04% | 11645 0.00% | 3096 0.00% | 8130 -6.12% | - | 8134 8.19% | 7519 112.49% | 3538 -51.38% | 7277 0.00% |
| Profit (INR Cr) | -1028 - | -701 - | 210 - | -105 - | -1437 - | -310 - | 102 -88.1% | 863 621.0% | 120 - | -1144 - | -465 - | -960 - | -746 - | -250 - | -184 - | -339 - |
| Assets (INR Cr) | 24386 3.4% | 23586 0.4% | 23486 1.6% | 23123 15.2% | 20068 0.0% | 20070 7.2% | 18725 -3.9% | 19477 3.0% | 18905 418.8% | 3644 42.7% | 2553 -20.8% | 3223 - | 4766 -3.5% | 4939 -7.4% | 5332 -4.9% | 5608 - |
| Net Worth (INR Cr) | 12211 -6.1% | 12999 -2.8% | 13370 2.6% | 13027 1.5% | 12837 -8.4% | 14019 -2.3% | 14343 0.8% | 14232 6.3% | 13385 0.0% | -1948 0.0% | -217 -187.5% | 248 - | 1208 -33.9% | 1826 -12.0% | 2076 -7.4% | 2241 0.0% |
| Employee Cost (INR Cr) | 214 13.9% | 188 -0.9% | 189 16.0% | 163 13.4% | 144 20.7% | 119 2.5% | 116 19.5% | 97 23.7% | 79 6.2% | 74 1.0% | 73 -12.7% | 84 -7.4% | 91 6.9% | 85 15.5% | 74 12.0% | 66 - |
| Interest Cost (INR Cr) | 749 | 529 | 395 | 420 | 491 | 445 | 579 | 630 | 744 | 635 | 503 | 434 | 388 | 256 | 188 | 268 |
| Cash & Bank Balance (INR Cr) | 2365 | 354 | 511 | 401 | 305 | 271 | 266 | 353 | 236 | 191 | 5 | 12 | 86 | 28 | 14 | 357 |
| Total Debt (INR Cr) | 8375 | 8023 | 7341 | 7108 | 3780 | 3384 | 4155 | 4844 | 5074 | 5002 | 2491 | 2695 | 3279 | 2833 | 2985 | 3096 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | - | 1.5% | - | - | - | 1.0% | 7.0% | 1.0% | - | - | - | - | - | - | - |
| Profit As % Of Assets | - | - | 0.9% | - | - | - | 0.6% | 4.4% | 0.6% | - | - | - | - | - | - | - |
| Profit As % Of Networth | - | - | 1.6% | - | - | - | 0.7% | 6.1% | 0.9% | - | - | - | - | - | - | - |
| Interest Cost to EBITDA % | 394.2% | 60.6% | 27.8% | 16.7% | 50.1% | 27.4% | 26.3% | 18.5% | 27.8% | - | - | - | - | 101.0% | 205.4% | - |
| Debt to Equity Ratio | 0.69 | 0.62 | 0.55 | 0.55 | 0.29 | 0.24 | 0.29 | 0.34 | 0.38 | - | - | 10.88 | 2.71 | 1.55 | 1.44 | 1.38 |
| RONW | - | - | -2.1% | - | - | - | 0.2% | 5.8% | 0.6% | - | - | - | - | - | - | - |
| ROCE | 0.0% | 0.0% | 0.7% | 7.4% | 0.0% | -1.1% | 2.9% | 8.7% | 4.3% | 0.0% | 0.0% | 0.0% | 0.0% | -1.5% | 1.1% | -3.5% |