Hindcon Chemicals makes its way to Main Board of NSE
The company has recently reported financial results for FY 2021, where the consolidated PAT for FY 2021 has increased by 59 per cent to Rs 4.52 crore as against Rs 2.84 crore in FY 2020.
Hindcon Chemicals, a Kolkata-based chemical manufacturing company, makes its way from NSE Emerge to the Main Board of NSE.
Commenting on the development, Sanjay Goenka, Chairman & Managing Director, Hindcon Chemicals, said: “Hindcon was built when the construction chemical industry was in its nascent stage. Continuous evolution, with strong ethics and sustainable business practices, has helped us in achieving great feats in a relatively smaller timeframe. We take this opportunity to thank all our stakeholders for their relentless support and we assure to continue meeting expectations of all in the future too.”
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He further added: “With an ever-expanding product portfolio and a long-term expansion horizon, Hindcon has achieved another benchmark by migrating to the main trading window of NSE. It is certainly a proud moment for the entire Hindcon family. Backed with environment-friendly methodologies, we pledge to uphold the interest of our customers foremost and mankind at large, always and every time.”
“Also an active member of the Indian Green Building Council, Hindcon believes in the core ethos of creating a safe and sustainable environment. The company strives to keep its business approaches in line with the best green practices followed across the globe. Hindcon Chemicals tries to ensure that the product lifecycle does not interfere with our Mother Nature at any stage of its evolution. The company takes pride in offering eco-friendly products with lower environmental impact,” the company statement added.
The company has recently reported financial results for FY 2021, where the consolidated PAT for FY 2021 has increased by 59 per cent to Rs 4.52 crore as against Rs 2.84 crore in FY 2020.
Based on the results of FY 2021, the consolidated EPS of the company stood at Rs 5.89 per share as compared to Rs 3.71 in the prior financial year. With a healthy cashflow in its stride, the company has become a debt-free company.
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