Him Teknoforge Ltd - Stock Valuation and Financial Performance

BSE: 505712 | NSE: | Auto Ancillary | Small Cap

Him Teknoforge Share Price

135 -0.45 -0.33%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Him Teknoforge

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Him Teknoforge stock performance -

mw4me loader
P/E Ratio (SA):
16.50
Market Cap:
107 Cr.
52-wk low:
79
52-wk high:
212

Is Him Teknoforge Ltd an attractive stock to invest in?

1. Is Him Teknoforge Ltd a good quality company?

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

2. Is Him Teknoforge Ltd undervalued or overvalued?

The key valuation ratios of Him Teknoforge Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Him Teknoforge Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Him Teknoforge 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 Him Teknoforge:

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.
Him Teknoforge 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 % 27%21.3%14.1%13.3%8%8.7%4.3%5.8%6.4%7.3%-
Value Creation
Index
0.90.50.0-0.1-0.4-0.4-0.7-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28.630.525.6234269324223239352406370
Sales YoY Gr.-6.5%-16%813%14.9%20.5%-31.1%7.1%47.2%15.6%-
Adj EPS 2528.122.39.610.913.70.66.69.813.28.3
YoY Gr.-12.3%-20.5%-57%13.6%25.4%-95.4%946%48.9%34.5%-
BVPS (₹) 106.1132.1154.7157.7171.1186.6189.3195.9206.9220.2223.7
Adj Net
Profit
4.44.93.97.58.610.70.55.27.710.46
Cash Flow from Ops. 4.11.75.83.317.924.824.93.419.529.2-
Debt/CF from Ops. 03.92.135.26.45.15.245.27.75.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 34.3%8.6%22.1%15.6%
Adj EPS -6.9%3.9%175.6%34.5%
BVPS8.5%5.2%5.2%6.4%
Share Price -4% 0.6% 25% 60%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
26.823.615.5106.67.60.33.44.96.23.7
Op. Profit
Mgn %
22.421.119.11411.410.611.312.99.59.49
Net Profit
Mgn %
15.316.115.23.23.23.30.22.22.22.61.8
Debt to
Equity
00.30.410.90.90.910.90.9-
Working Cap
Days
175280451145221192272274211198103
Cash Conv.
Cycle
3038466612411617719816014523

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.13%

Net Profit is growing at healthy rate in last 3 years 175.61%

Debt to equity has declined versus last 3 years average to 0.85

Return on Equity has declined versus last 3 years average to 3.70%

Sales growth is not so good in last 4 quarters at -6.89%

Latest Financials - Him Teknoforge Ltd.

Standalone Consolidated
TTM EPS (₹) 8.3 -
TTM Sales (₹ Cr.) 370 -
BVPS (₹.) 223.7 -
Reserves (₹ Cr.) 174 -
P/BV 0.61 -
PE 16.50 -
From the Market
52 Week Low / High (₹) 79.00 / 211.95
All Time Low / High (₹) 0.70 / 414.60
Market Cap (₹ Cr.) 107
Equity (₹ Cr.) 1.6
Face Value (₹) 2
Industry PE 47.3

Management X-Ray of Him Teknoforge:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *57.1557.1557.1557.1557.1557.1557.1558.1558.1558.15
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Him Teknoforge

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
Sales293026234269324223239352406
Operating Expenses 232421201238289198208319369
Manufacturing Costs34441496342456670
Material Costs151614121143175113124201239
Employee Cost 22226333931283640
Other Costs 22213131312121519
Operating Profit 66533313425313338
Operating Profit Margin (%) 21.3%20.3%19.1%13.9%11.4%10.6%11.3%12.9%9.4%9.2%
Other Income 1231344366
Interest 00116161716171718
Depreciation 0007789999
Exceptional Items 000-108000-1
Profit Before Tax 776101121571216
Tax 2223031235
Profit After Tax 5547111835911
PAT Margin (%) 16.2%15.6%16.0%3.1%3.9%5.7%1.5%2.2%2.5%2.6%
Adjusted EPS (₹)26.627.223.49.113.423.34.16.511.213.6
Dividend Payout Ratio (%)2%3%3%0%3%4%5%6%4%3%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 192327124135147149154163173
Share Capital 0002222222
Reserves 182327122133145147153161172
Minority Interest0000000000
Debt0510106104111119133135129
Long Term Debt05727233137454340
Short Term Debt01379818082899289
Trade Payables53449554134314239
Others Liabilities 12319182624323338
Total Liabilities 243444299312325326350372380

Fixed Assets

Gross Block7710165184205225234241249
Accumulated Depreciation44550566371808998
Net Fixed Assets335115128142154153152151
CWIP 00015981010
Investments 0000000000
Inventories343109117122125139147153
Trade Receivables55440383327456054
Cash Equivalents 1226643222
Others Assets12213014141616101019
Total Assets 243444299312325326350372380

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 426318252531929
PBT 776101121571216
Adjustment 0-1-1672424252019
Changes in Working Capital -1-23-103-17-3-28-11-4
Tax Paid -2-2-2-3-3-40-1-2-3
Cash Flow From Investing Activity -4-8-10-21-9-19-14-8-9-16
Capex 00-3-22-15-20-14-8-9-16
Net Investments 0004000000
Others -4-8-7-3700000
Cash Flow From Financing Activity 06417-9-6-115-11-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-10000000
Interest Paid 00-100-16-15-16-11-11
Dividend Paid 000000-1000
Others 07618-9105210-2
Net Cash Flow 00000-10000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)28.522.816.339.478.1313.012.23.395.576.36
ROCE (%)42.6430.5921.9518.6110.8814.567.528.149.5610.59
Asset Turnover Ratio1.41.120.71.470.91.020.70.710.991.09
PAT to CFO Conversion(x)0.80.41.50.431.641.398.330.62.112.64
Working Capital Days
Receivable Days56565832524049555451
Inventory Days37404982151135198199146134
Payable Days90859079132100121976662

Him Teknoforge Ltd Stock News

Him Teknoforge Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Him Teknoforge on 19-Apr-2024 16:01 is ₹135.0.
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 Him Teknoforge stood at ₹107.0.
The latest P/E ratio of Him Teknoforge as of 19-Apr-2024 16:01 is 16.50.
The latest P/B ratio of Him Teknoforge as of 19-Apr-2024 16:01 is 0.61.
The 52-week high of Him Teknoforge is ₹211.9 and the 52-week low is ₹79.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Him Teknoforge is ₹370.0 ( Cr.) .

About Him Teknoforge Ltd

Gujarat Automotive Gears (GAGL) was established in 1973 at Baroda, India for the manufacture of auto and tractor components. Marketed under the brand names of KAP and KAG, these components serve the aftermarket and OEMs in India. Two decades of experience, an established network and a synergistic approach to design and execution, ensures quality products and components from concept to completion.

GAGL caters to both the auto and tractor OEM and aftermarket in India. Technology is constantly upgraded to bring out products that meet global standards. Further, close customer interaction has made GAGL a competent partner to leaders in the industry.

With new concepts and technology being introduced world wide, GAGL has an exemplary plant equipped with modern machinery to fulfill customer requirement. Of special note are the heat treatment facilities which are most up-to-date. Further, full fledged inspection equipment such as involutes and lead profile checker, sound tester and micro-hardness testers ensure a consistently high quality product. GAGL is supported by well-qualified, experienced and a quality conscious workforce - a further testimony to quality production. 

Product manufactured by the company:

The primary products of GAGL are transmission gears, axle shafts, propeller shaft components, king pin units, wheel spanners, tractor components, etc.

  • Transmission gears
  • Axle shafts
  • Propeller shaft components
  • King pin units
  • Wheel spanners
  • Tractor components, etc.
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