Hindustan Hardy Ltd - Stock Valuation and Financial Performance

BSE: 505893 | NSE: | Auto Ancillary | Small Cap

Hind Hardy Share Price

440 -5.50 -1.23%
as on 19-Apr'24 16:01

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Hindustan Hardy stock performance -

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P/E Ratio (SA):
12.94
Market Cap:
66.8 Cr.
52-wk low:
244.2
52-wk high:
654.9

Is Hindustan Hardy Ltd an attractive stock to invest in?

1. Is Hindustan Hardy Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Hardy Ltd is a average quality company.

2. Is Hindustan Hardy Ltd undervalued or overvalued?

The key valuation ratios of Hindustan Hardy Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Hindustan Hardy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Hardy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hind Hardy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindustan Hardy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%-2.5%5.9%0.2%6.2%5.4%0.9%24.6%21.2%17.6%-
Value Creation
Index
-0.6-1.2-0.6-1.0-0.6-0.6-0.90.80.50.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 48.552.455.236.937.946.639.144.662.663.167
Sales YoY Gr.-7.9%5.4%-33.2%2.9%22.9%-16.1%14.1%40.3%0.8%-
Adj EPS 1.4-6.81-3.92.83-0.621.524.323.834.4
YoY Gr.--587.1%NA-490.9%NA5%-121.6%NA13.4%-2.1%-
BVPS (₹) 64.352.455.54954.457.756.476.899.8123.7146.6
Adj Net
Profit
0.2-10.2-0.60.40.4-0.13.23.73.65
Cash Flow from Ops. 1.22.42.61.120.43.61.70.85-
Debt/CF from Ops. 6.132.44.9213.612.28.50.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3%10.7%17.3%0.8%
Adj EPS 37.1%53.2%NA-2.1%
BVPS7.5%17.8%30%23.9%
Share Price 21.2% 30.7% 43.5% 67.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.2-11.61.8-7.45.55.3-1.132.227.621.325.5
Op. Profit
Mgn %
4.83.53.72.52.75.7211.79.49.511.6
Net Profit
Mgn %
0.4-1.90.3-1.61.11-0.37.25.85.77.7
Debt to
Equity
0.80.90.80.70.50.60.40.30.40.2-
Working Cap
Days
15113212918918116018117114314976
Cash Conv.
Cycle
3633194057647969697635

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.29%

Sales growth is good in last 4 quarters at 12.10%

Return on Equity has declined versus last 3 years average to 25.50%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Hindustan Hardy Ltd.

Standalone Consolidated
TTM EPS (₹) 34.4 -
TTM Sales (₹ Cr.) 67.3 -
BVPS (₹.) 146.6 -
Reserves (₹ Cr.) 20 -
P/BV 3.04 -
PE 12.94 -
From the Market
52 Week Low / High (₹) 244.15 / 654.90
All Time Low / High (₹) 7.10 / 654.90
Market Cap (₹ Cr.) 66.8
Equity (₹ Cr.) 1.5
Face Value (₹) 10
Industry PE 47.2

Management X-Ray of Hind Hardy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hind Hardy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales48.5052.3555.1536.8537.9146.6039.1044.6162.5863.09
Operating Expenses 46.2451.3453.1136.2236.8844.0238.3339.4756.6957.11
Manufacturing Costs4.174.184.465.275.185.925.055.197.678.05
Material Costs28.9932.1933.4119.6619.5924.8219.9821.8233.6733.91
Employee Cost 7.307.857.767.188.348.938.738.3310.049.02
Other Costs 5.787.127.494.123.774.354.574.145.306.13
Operating Profit 2.271.012.040.621.032.570.775.145.905.98
Operating Profit Margin (%) 4.7%1.9%3.7%1.7%2.7%5.5%2.0%11.5%9.4%9.5%
Other Income 1.160.190.700.301.050.050.290.050.150.59
Interest 1.010.891.030.870.490.360.310.190.320.41
Depreciation 0.852.451.040.890.670.560.620.600.700.90
Exceptional Items 0000000000
Profit Before Tax 1.58-2.140.66-0.830.921.700.134.415.025.25
Tax 0.73-0.560.11-0.050.011.310.101.221.341.42
Profit After Tax 0.84-1.570.56-0.780.910.390.033.183.683.84
PAT Margin (%) 1.7%-3.0%1.0%-2.1%2.4%0.8%0.1%7.1%5.9%6.1%
Adjusted EPS (₹)5.6-10.53.7-5.26.12.60.221.324.625.6
Dividend Payout Ratio (%)53%0%13%0%0%46%0%9%8%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9.647.858.327.348.168.658.4511.5114.9618.54
Share Capital 1.501.501.501.501.501.501.501.501.501.50
Reserves 8.146.356.825.846.667.156.9510.0113.4617.04
Minority Interest0000000000
Debt6.736.926.015.224.0453.603.606.463.84
Long Term Debt0.890.740.520.500.050.210.210.992.101.69
Short Term Debt5.846.185.504.723.994.783.392.614.352.15
Trade Payables8.039.9510.857.198.318.427.5810.049.4810.50
Others Liabilities 5.792.513.823.273.833.963.435.012.303.08
Total Liabilities 30.1927.222923.0124.3326.0323.0730.1533.1935.96

Fixed Assets

Gross Block19.2319.8320.284.645.536.417.527.9610.7211.77
Accumulated Depreciation10.8213.4814.290.891.562.122.733.334.034.93
Net Fixed Assets8.416.355.993.753.974.294.794.636.696.85
CWIP 0.030.610.290.680.260.440.380.650.180.16
Investments 0.010.010.010.01000000
Inventories5.544.965.013.544.095.235.275.194.766.05
Trade Receivables10.2910.6011.329.0212.1013.3210.1117.0619.0919.55
Cash Equivalents 0.690.290.160.350.270.180.170.761.562.32
Others Assets5.234.406.235.673.642.562.341.860.911.03
Total Assets 30.1927.222923.0124.3326.0323.0730.1533.1935.96

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.192.362.561.062.020.373.591.670.765.02
PBT 1.58-2.140.66-0.830.921.700.134.415.025.25
Adjustment 1.833.252.181.691.110.900.890.971.021.24
Changes in Working Capital -21.6-0.280.32-0.01-1.642.78-2.79-3.82-0.29
Tax Paid -0.21-0.350-0.120-0.60-0.22-0.91-1.46-1.19
Cash Flow From Investing Activity -0.40-1.18-1.450.98-0.41-1.05-1.03-0.91-2.25-0.97
Capex -0.53-1.18-0.360.91-0.45-1.07-1.03-0.91-2.25-0.97
Net Investments 00-1.100000000
Others 0.1300.010.070.040.020000
Cash Flow From Financing Activity -0.41-1.58-1.25-1.86-1.670.61-2.55-0.152.33-3.32
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.82-0.51-0.2200000.7800
Interest Paid -1.01-0.89-1.03-0.87-0.49-0.36-0.31-0.19-0.32-0.41
Dividend Paid -0.52-0.450000-0.220-0.30-0.30
Others 1.940.280-0.99-1.180.96-2.02-0.742.95-2.60
Net Cash Flow 0.39-0.40-0.140.17-0.06-0.070.010.610.840.73
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.91-17.986.9-9.9911.814.660.3731.9227.8222.91
ROCE (%)15.94-7.8111.460.2611.415.943.4133.8329.2425.88
Asset Turnover Ratio1.71.982.131.511.621.851.591.681.981.82
PAT to CFO Conversion(x)1.42N/A4.57N/A2.220.95119.670.530.211.31
Working Capital Days
Receivable Days72676794101100109111105112
Inventory Days43343040363749432931
Payable Days116102114168144123146147106108

Hindustan Hardy Ltd Stock News

Hindustan Hardy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hind Hardy on 19-Apr-2024 16:01 is ₹440.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Apr-2024 16:01 the market cap of Hind Hardy stood at ₹66.76.
The latest P/E ratio of Hind Hardy as of 19-Apr-2024 16:01 is 12.94.
The latest P/B ratio of Hind Hardy as of 19-Apr-2024 16:01 is 3.04.
The 52-week high of Hind Hardy is ₹654.9 and the 52-week low is ₹244.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Hardy is ₹67.29 ( Cr.) .

About Hindustan Hardy Ltd

Hindustan Hardy Spicer (HINDHARD) was incorporated in 1982 and got its present name in 1994. It is engaged in manufacturing propeller shafts and components under technical license from Hardy Spicer, UK and Gelenkwellenbau, Germany.

The registered office of the company is located at Bombay Footwear Building, Deonar Village Road, Mumbai-400088.

The company entered into a technical licence agreement with Glenkwellenban GmbH (GWB), for a period of 10 years. The collaboration agreement provided that, GWB would invest upto a maximum of 26% in the total equity capital i.e., upto a maximum of Rs 39.00 lakh.

Business area of the company:

It manufactures propeller shafts in the range of 1100 to 1800 series for the construction and agriculture equipment manufacturers, automotive and other sectors with an installed capacity of 245,000 propeller shafts. It has developed products like a two-piece propeller shaft for Mahindra Allwyn Nissan`s Cabston, US kit for Bajaj Tempo Matador FAS, journal and bearing races for Telco.

Clientele of the company includes:

Ashok Leyland, Bajaj Tempo, Hindustan Motors, Volvo India, Eicher, Tata Iron & Steel Company, Apex Innovation, Laxmi Machine Works, and Jindal Iron & Steel Company, among others. Exports to UK, Sri Lanka and Nepal have picked up, which contribute around 40% to the turnover.

Awards and recognition:

  • It is an ISO 9001:2000 certified company.
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