# Hindon Mercantile Limited
**ISIN:** INE08GI01012
**Canonical URL:** https://polemarch.in/invest/hindon-mercantile-limited
**Type:** Unlisted
**Sector:** General / Unlisted
**Market cap bucket:** Unspecified
**Current quoted price:** ₹0.00 per share

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## Company profile

## Key ratios (as of FY2024, yearly)
### Liquidity Ratios
- **Working Capital:** 310.5133
- **Current Ratio:** 1.47531579
- **Quick Assets:** 963.7912
- **Quick Ratio:** 1.47531579
- **Cash Ratio:** 0.15200759
- **Working Capital To Sales:** 2.79581016
- **Defensive Interval Ratio:** 891.62478555
- **Net Working Capital to Assets:** 0.31030794

### Leverage Ratios
- **Total Debt:** 607.8516
- **Net Debt:** 508.54839999999996
- **Debt to Equity:** 2.256364
- **Debt to Assets:** 0.60744959
- **Debt To Capital:** 0.69290902
- **Equity Ratio:** 0.26921613
- **Financial Leverage:** 3.71448765
- **Interest Coverage:** 1.47801001
- **EBITDA Interest Coverage:** 1.53074905
- **Net Debt to EBITDA:** 6.59852602
- **Long Term Debt to Equity:** 0
- **Long Term Debt to Capital:** 0
- **Debt to EBITDA:** 7.88700662
- **Net Debt to Equity:** 1.88774744

### Profitability Ratios
- **Effective Tax Rate:** 0.24736373
- **NOPAT:** 56.007201973600004
- **Invested Capital:** 777.9427
- **Gross Margin:** 1.0833683
- **EBITDA Margin:** 0.69392547
- **EBIT Margin:** 0.67001759
- **Pre Tax Margin:** 0.22140157
- **Net Margin:** 0.16663485
- **Return on Assets:** 0.01849486
- **Return on Equity:** 0.06869893
- **Return on Capital Employed:** 0.21421459
- **Return On Invested Capital:** 0.07199399
- **Pre-Tax ROE:** 0.09127773
- **Cash ROA:** -0.40217984
- **Return on Net Assets:** 0.05327564
- **Operating ROA:** 0.07436548

### Efficiency Ratios
- **Asset Turnover:** 0.11099035
- **Fixed Asset Turnover:** 173.40171741
- **Inventory Turnover:** 0.03816327
- **Receivables Turnover:** 132.09300666
- **Working Capital Turnover:** 0.35767808
- **Days Inventory Outstanding:** 9564.16994665
- **Days Sales Outstanding:** 2.76320457
- **Cash Conversion Cycle:** 9566.93315123
- **Equity Turnover:** 0.41227227
- **Capital Employed Turnover:** 0.41227227

### Cashflow Ratios
- **Operating Cash Flow to Sales:** -3.62355691
- **Operating Cash Flow to Net Income:** -21.74549227
- **Free Cash Flow:** -394.329
- **Free Cash Flow Margin:** -3.55047279
- **Cash Flow to Debt:** -0.66207936
- **FCF to Net Income:** -21.30690384
- **Capital Expenditure:** -8.117
- **Capex to Sales:** -0.07308412
- **Capex to Operating Cashflow:** 0.02016917
- **Dividend Payout Ratio:** 0
- **Retention Ratio:** 1

### Valuation Models
- **Enterprise Value:** 508.54839999999996
- **P/S Ratio:** 0
- **EV / EBITDA:** 6.59852602
- **EV / Sales:** 4.57888529
- **EV / EBIT:** 6.8339777
- **EV to FCF:** -1.28965508
- **EV to Assets:** 0.50821207
- **EV to Capital Employed:** 1.46393774
- **EV to Invested Capital:** 0.65370933

### DuPont Analysis
- **DuPont: Tax Burden:** 0.75263627
- **DuPont: Interest Burden:** 0.33044143
- **DuPont: EBIT Margin:** 0.67001759
- **DuPont: Asset Turnover:** 0.11099035
- **DuPont: Equity Multiplier:** 3.71448765
- **DuPont ROE (5-step):** 0.06869893

### Earnings Quality
- **Accruals to Assets:** 0.4206747
- **Accruals to Net Income:** 22.74549227
- **Cash Earnings Coverage:** -21.74549227
- **Capex to Depreciation:** -3.05690506

## Recent price points (last 10)

| Date | Price (₹) |
|---|---:|
| 2026-04-16 | 745 |
| 2026-04-17 | 755 |
| 2026-04-18 | 755 |
| 2026-04-19 | 755 |
| 2026-04-20 | 755 |
| 2026-04-21 | 755 |
| 2026-04-22 | 755 |
| 2026-04-23 | 745 |
| 2026-04-24 | 745 |
| 2026-04-25 | 745 |

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## Risk disclosure

Unlisted shares are illiquid and can lose their full value. They're illiquid, prices can swing sharply, and a quoted price is only as good as the next willing buyer at that level. Polemarch does not guarantee any return on any share. Talk to a SEBI-registered investment adviser before you put money in. Past performance is not a forecast of future returns.

Canonical (live): https://polemarch.in/invest/hindon-mercantile-limited
Operator: Mithtech Innovative Solutions Pvt Ltd, Bengaluru, India.