🧪 “Sree Rayalaseema Hi-Strength Hypo Ltd Has ROCE — But No Sales Growth. So, Hypo-thesis or Multi-bagger?”
Date of Publishing -
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At a Glance
Sree Rayalaseema Hi-Strength Hypo Ltd is a midcap chemical company making calcium hypochlorite, sulphuric acid, and stable bleaching powder. Despite zero net debt and solid ROCE of 15%, sales have crashed 50% in 2 years. The recent resignation of its promoter-chairman raises eyebrows.
1. Introduction with Hook 🔥
Picture this: You’re running a bleach chemical business. Demand spikes during COVID. You expand. Sales shoot past ₹1,600 Cr.
Then boom — post-2023, sales literally halve. 👀 Margins survive. But now the chairman resigns. What gives?
Welcome to the bizarre and bleachy world of Sree Rayalaseema Hi-Strength Hypo Ltd (SRHHL).
2. WTF Do They Even Do? 🧩
SRHHL makes:
Calcium hypochlorite – the OG disinfectant
Stable Bleaching Powder (SBP) – for textile, water purification
Sulphuric acid, oleum, chlorosulphonic acid
Hydrogen peroxide & derivatives
Major consumers: paper, textiles, water treatment, pharma, public health.
They also used to dabble in coal trading — but stopped that in May 2024. Maybe the real bleach was in the books? 🧂
