Hexa Tradex Limited (HEXATRADEX) was incorporated in 2010 as a demerged entity of Jindal SAW, becoming a part of the esteemed O.P. Jindal Group. The O.P. Jindal Group is a leading Indian industrial house and a prominent steel producer and exporter with a valuation of USD $18 billion. The company's establishment on October 25, 2010, was a result of a Scheme of Arrangement and Demerger, wherein the Investment Undertaking of Jindal Saw Limited (JSL) was vested in Hexa Tradex, making it a wholly-owned subsidiary of JSL. This scheme became effective from November 5, 2011, with the transfer taking effect from January 1, 2011.
Hexa Tradex Limited is an India-based company primarily engaged in trading various goods and services. Its business model revolves around the wholesale cash and carry basis, involving buying, selling, and dealing in a wide range of goods, produce, articles, and merchandise. The company's operations are segmented into 'Trading and other activities' and 'Investment and finance'.
The company operates through a diverse trading portfolio that spans multiple industrial sectors. Its core focus includes the trading of chemicals, iron & steel and related products, machinery parts and accessories, minerals, motor vehicle parts, accessories and components, non-ferrous metals & related products, old & discarded, unserviced, obsolete materials, paints, varnishes, and adhesives.
Hexa Tradex actively identifies various items of interest for its trading businesses, which notably include thermal and coking coal, copper, edible oil, and zinc ingots. The company's comprehensive portfolio also encompasses minerals and metals, stainless and special steels, alloys and ferrous, non-ferrous metals, auto parts, tools and implements, dies, jigs, steel pipes and tubes and pipe fittings, iron and steel products, cast iron, steel and tubular structural, scrap, tubes and allied products, chemicals and petrochemicals, capital goods, and household articles.
As of June 17, 2025, Hexa Tradex Ltd has a market capitalization of ₹1,007.37 crores. The company maintains a high promoter holding of 92.1%, which has remained stable at 92.13% as of March 2025 from June 2024.
The company has shown mixed financial performance in recent periods, particularly a decline in profitability. Hexa Tradex reported a consolidated net loss of Rs 3.69 crore for the March 2025 quarter, a significant increase from a net loss of Rs 1.47 crore in the previous year. The annual net loss for FY25 reached Rs 24.95 crore, a stark contrast to a profit of Rs 92.29 crore in the prior year, with sales plummeting 96.58% to Rs 4.56 crore. Revenue has been declining for the last two quarters, from ₹7.67 crore to ₹1.73 crore, with an average quarterly decrease of 77.4%.
• Q4 FY25 Performance: Revenue of ₹1.73 crore, Net Loss of ₹3.69 crore
• Annual FY25 Performance: Revenue of ₹4.56 crore, Net Loss of ₹24.95 crore
• Market Capitalization: ₹1,007.37 crore (as of June 17, 2025)
• Promoter Holding: 92.1% (O.P. Jindal Group)
• Price-to-Earnings (PE) Ratio: -40.39
• Price-to-Book (PB) Ratio: 0.23 (71% discount to peers' median)
• Return on Equity (ROE) (last 3 years): 0.44%
The company has successfully reduced its debt and is almost debt-free. However, it exhibits a low interest coverage ratio and has maintained a low return on equity of 0.44% over the last three years, indicating challenges in generating returns from shareholders' investments. A notable aspect of its financial health is that the market value of its investments, at Rs 1,047 crore, exceeds its market capitalization of Rs 999 crore. This suggests that the company holds significant investment assets that contribute to its overall value proposition, potentially offering a margin of safety for investors.
Hexa Tradex Ltd stock has experienced significant price movements. Its 52-week high is ₹371.60, while the 52-week low stands at ₹145.10.
Recent share price performance shows a decline of 3.02% in the last 1 month and a 15.03% decrease in the last 3 months. However, the stock has posted a gain of 27.03% over the last 12 months on BSE. The current PE ratio of Hexa Tradex Ltd is -40.39, indicating that the company is currently unprofitable. Its PB ratio of 0.23 times as of June 17, 2025, represents a substantial 71% discount to its peers' median range of 0.78 times, which could suggest undervaluation relative to its assets.
The company is chaired by Mr. Raj Kamal Aggarwal, with Mr. Pravesh Srivastava serving as the Company Secretary and Compliance Officer. The registered office is located at A-1 UPSIDC Industrial Area, Nandgaon Road Kosi Kalan, Mathura, Uttar Pradesh-281403.
Hexa Tradex Ltd is listed and trades on the National Stock Exchange (NSE) under the symbol HEXATRADEX and on the Bombay Stock Exchange (BSE) under the code 534328. Established in 2010, the company's trading activities expanded significantly following the 2011 scheme of arrangement with Jindal Saw Ltd, which demerged and transferred its investment undertakings to Hexa Tradex.
The company represents a significant player in the Indian trading sector, leveraging its association with the O.P. Jindal Group while maintaining a focused strategy on diverse commodity and industrial goods trading across multiple sectors.
