Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · HEMANG RESOURCES LIMITED · 9 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
HEMANG RESOURCES LIMITED
BSE: 531178
BSE: 531178
Services › Services › Commercial Services & Supplies › Trading & Distributors
HEMANG RESOURCES LIMITED
StateQ1 FY27 filed
Last close · 9 Oct 2026₹9.14
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA21.8 · 0.51 · —
HEMANG RESOURCES LIMITED is a Commercial Services & Supplies company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 66 | 205 | 37 | 9 | 8 |
| EBITDA (ex other income) | 16 | 10 | (15) | (0) | (1) |
| margin % | 23.7 | 4.9 | (41.5) | (1.1) | (16.5) |
| Owners' profit | 20 | 7 | (1) | 1 | (0) |
| EPS, as reported (₹) | 14.79 | 5.59 | (0.82) | 0.41 | 0.66 |
| ROE % · ROCE % | 102.1 · 96.5 | 27.9 · 30.1 | (4.3) · (9.5) | 2.1 · 2.5 | (1.8) · (2.2) |
| Debt / equity (x) | 0.18 | 0.13 | 0.07 | 0.07 | 0.07 |
| Cash from operations | 16 | (0) | 1 | 1 | 8 |
| Capex | (0) | 0 | (0) | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · HEMANG RESOURCES LIMITED · 9 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 8 | 1 | 0 | 0 | 7 | 0 |
| Profit before tax | (0) | 0 | 1 | 1 | (0) | (0) | (1) | (0) |
| Net profit | (0) | 0 | 1 | 1 | (0) | (0) | (1) | (0) |
| EPS (₹) | 0.48 | 0.22 | 0.58 | 0.41 | (0.17) | (0.14) | 0.86 | (0.13) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Coal trading Segment | 6 | 74.0 |
| Infrastructure Segment | 1 | 10.7 |
| a) Coal trading Segment | 1 | 15.3 |
| Total, before eliminations | 8 | 100.0 |
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,351 | 17.8 | 2.91 | 14.1 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 8,166 | 18.3 | 3.85 | 17.4 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 4,696 | 20.0 | 5.20 | 13.9 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,593 | 24.5 | 4.11 | 18.4 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,178 | — | 13.10 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 755 | 8.3 | 0.59 | 190.1 | 4.0 | 0.3 | 4.8 | 6.2 |
| SHIV AUM STEELS LIMITED | 748 | 65.8 | 6.19 | 47.7 | 6.0 | 6.9 | — | 4.9 |
| SHANKARA BUILDPRO LIMITED | 609 | 4.6 | 1.12 | 2.7 | 23.4 | 31.8 | — | 3.3 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 21.4 | 15.8 | 86 of 130 | 34% |
| P/B | 0.5 | 1.0 | 42 of 150 | 72% |
| ROCE | (2.2) | 2.1 | 147 of 177 | 17% |
| ROE | (1.8) | 2.3 | 128 of 158 | 19% |
| Debt / Equity | 0.1 | 0.1 | 79 of 154 | 49% |
| Revenue growth | (100.0) | (8.6) | 127 of 135 | 0% |
| Profit growth | (132.1) | 0.6 | 130 of 157 | 17% |
| Market cap | 12 | 22 | 120 of 180 | 34% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · HEMANG RESOURCES LIMITED · 9 October 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Compliance filing: RTA certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 30 Sept 2026 · Appointment of Secretarial Auditor Ajit Jain and Co for 5 Years | management changes | medium | — | — |
| 30 Sept 2026 · Kriti Bhandari appointed as Non-Executive Independent Director | management changes | medium | — | — |
| 30 Sept 2026 · All 4 resolutions passed at 33rd AGM with 99.99% shareholder approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Independent Director Nikhil Dhanotiya completes tenure at Hemang Resources | management changes | medium | — | — |
| 29 Sept 2026 · 33rd AGM held via video conferencing; 4 resolutions transacted | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for Q2 FY27 results | compliance | minimal | — | — |
| 19 Sept 2026 · Corrigendum to 33rd AGM Notice - Fixes Independent Director Tenure Error | board shareholder meetings | low | — | — |
| 19 Sept 2026 · Corrigendum to 33rd AGM Notice: Independent Director Tenure Fixed to Five Years | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Newspaper Notice of 33rd AGM and E-voting Information | compliance | minimal | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in