Hindustan Organic Chemicals
35.33
-0.01(-0.03%)
Market Cap₹237.30 Cr
PE Ratio-
IndustryChemicals
Company Performance:
1D-0.03%
1M+1.06%
6M-16.64%
1Y-25.16%
5Y+153.08%
View Company Insightsright
Latest news about Hindustan Organic Chemicals
More news about Hindustan Organic Chemicals
24Mar 25
Hindustan Organic Chemicals Receives Rs 1,351.38 Crore Government Dues Waiver
The Indian government has approved a financial relief measure for Hindustan Organic Chemicals Limited (HOCL), waiving outstanding dues of Rs 1,351.38 crore. This amount significantly exceeds HOCL's current total assets of Rs 1,569.40 crore. The waiver is expected to substantially improve HOCL's balance sheet, enhance financial flexibility, boost investor confidence, and allow management to focus on operational improvements and strategic initiatives.
22Mar 25
Hindustan Organic Chemicals Gets Rs 1,351.38 Crore Government Dues Waiver, Boosting Financial Outlook
The Indian government has approved a waiver of Rs 1,351.38 crores in dues for Hindustan Organic Chemicals Limited (HOCL). This waiver, effective September 30, 2024, includes government loans, interest, preference shares, and associated penalties. The decision is expected to significantly improve HOCL's financial position by reducing its liability burden and potentially transforming its balance sheet structure. This move could lead to an improved debt-to-equity ratio, enhanced financial flexibility, and increased market confidence for the company.
1 Year Returns:-25.16%
Industry Peers
Tata Chemicals
930.80
(-2.25%)
Chemplast Sanmar
418.40
(+0.25%)
GHCL
582.30
(-2.69%)
Tanfac Industries
4,600.00
(-2.15%)
Grauer & Weil
88.36
(-0.44%)