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Hindustan Hardy Ltd (505893)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505893 NSE: Auto Ancillary | Small Cap | Hind Hardy Share Price

₹841.60 -2.85 (-0.34%)

As on 24-Jun'26 16:59

Hindustan Hardy Ltd (505893)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505893 NSE: Auto Ancillary | Small Cap | Hind Hardy Share Price

₹841.60 -2.85 (-0.34%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹126 Cr.
Current Price
₹841.6
52-Week Low / High
₹665 / 1,350
TTM EPS
₹55.9
TTM Sales
₹109 Cr.
Book Value per Share
₹250.2
P/E Ratio
15.05
Higher than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
3.36
In line with its 5-year historical median
Price to Sales (P/S)
1.16
Higher than its 5-year historical median
EV/EBITDA
9.93
Higher than its 5-year historical median
Dividend Yield
0.33%
Profitability Efficiency
Return on Equity (ROE)
24.96%
Outperforms industry median
Return on Capital Employed (ROCE)
28.27%
Outperforms industry median
Return on Assets (ROA)
13.32%
Operating Profit Margin
12%
Net Profit Margin
8.09%
Gross Profit Margin
12.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
20.06%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
29.39%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
35.32%
Asset Quality
Promoter Holding
66.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹36 Cr.
Equity
₹1.5 Cr.
Face Value
₹10
All Time Low / High
₹7.10 / 1350.00

Hindustan Hardy stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Hindustan Hardy Ltd a good quality company?
Hindustan Hardy Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Hindustan Hardy Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hindustan Hardy Ltd vs industry peers?
Hindustan Hardy Ltd revenue CAGR is 15.81%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Hindustan Hardy Ltd?
Promoters hold 66.16% of the Hindustan Hardy Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hindustan Hardy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 23.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.5%0.3%11.4%15.9%3.4%33.8%29.2%25.9%27.5%28.3%-
Value Creation
Index
-0.2-1.0-0.20.1-0.81.41.10.91.01.0-

Growth Parameters

Sales 55.236.937.946.639.144.662.663.167.881.5109
Sales YoY Gr.--33.2%2.9%22.9%-16.1%14.1%40.3%0.8%7.5%20.1%-
Adj EPS 1-3.92.83-0.621.524.323.83243.455.9
YoY Gr.--490.9%NA5%-121.6%NA13.4%-2.1%34.3%35.5%-
BVPS (₹) 55.54954.457.756.476.899.8123.7155.5197250.2
Adj Net
Profit
0.2-0.60.40.4-0.13.23.73.64.86.58
Cash Flow from Ops. 2.61.120.43.61.70.856.41.6-
Debt/CF from Ops. 2.44.9213.612.28.50.80.64.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.4%15.8%9.2%20.1%
Adj EPS 52.2%NA21.2%35.5%
BVPS15.1%28.4%25.4%26.7%
Share Price 24.1% 32.3% 38.4% -20.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.8-7.45.55.3-1.132.227.621.322.924.625
Op. Profit
Mgn %
3.72.52.75.7211.79.49.511.21211.1
Net Profit
Mgn %
0.3-1.61.11-0.37.25.85.77.187.7
Debt to
Equity
0.80.70.50.60.40.30.40.20.20.30.1
Working Cap
Days
12918918116018117114314914714869
Cash Conv.
Cycle
1940576479696976747231

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales55373847394563636881
Operating Expenses + 53363744383957576072
Manufacturing Costs45565588810
Material Costs33202025202234343645
Employee Cost 8789981091010
Other Costs 7444545677
Operating Profit 21131566810
Operating Profit Margin (%) 3.7%1.7%2.7%5.5%2.0%11.5%9.4%9.5%11.1%12.0%
Other Income + 1010000101
Exceptional Items 0000000000
Interest 1100000000
Depreciation 1111111111
Profit Before Tax 1-112045579
Tax 0-001011122
Profit After Tax 1-110034457
PAT Margin (%) 1.0%-2.1%2.4%0.8%0.1%7.1%5.9%6.1%7.2%8.1%
Adjusted EPS (₹)3.7-5.26.12.60.221.324.625.632.544.0
Dividend Payout Ratio (%)13.40%0%0%45.90%0%9.40%8.10%8.60%7.70%6.40%

Valuation of Hind Hardy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 878981215192330
Share Capital 1111111111
Reserves 767771013172228
Debt +6545446448
Long Term Debt1000012223
Short Term Debt5545334225
Minority Interest0000000000
Trade Payables117888109101116
Others Liabilities 4344352343
Total Liabilities 29232426233033364356

Fixed Assets

Net Fixed Assets +64445577711
Gross Block205668811121218
Accumulated Depreciation14122334567
CWIP 0100010043
Investments 0000000000
Inventories54455556710
Trade Receivables1191213101719202026
Cash Equivalents 0000012244
Others Assets 6643221112
Total Assets 29232426233033364356

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3120421562
PBT 1-112045579
Adjustment 2211111111
Changes in Working Capital -00-0-23-3-4-01-6
Tax Paid 0-0-0-1-0-1-1-1-2-3
Cash Flow From Investing Activity + -11-0-1-1-1-2-1-4-5
Capex -01-0-1-1-1-2-1-4-5
Net Investments -1000000000
Others 00000000-00
Cash Flow From Financing Activity + -1-2-21-3-02-3-03
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0000-010000
Interest Paid -1-1-0-0-0-0-0-0-0-0
Dividend Paid 0000-00-0-0-0-0
Others -0-1-11-2-13-304
Net Cash Flow -00-0-001112-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.9-9.9911.814.660.3731.9227.8222.9123.2824.96
ROCE (%)11.460.2611.415.943.4133.8329.2425.8827.4928.27
Asset Turnover Ratio2.131.511.621.851.591.681.981.821.731.65
PAT to CFO Conversion(x)3N/A2N/AN/A0.670.251.251.20.29
Working Capital Days
Receivable Days66.7094.50100.6099.60109.40111.20105.40111.80107.20104.50
Inventory Days30.3039.7036.3036.504942.802931.3034.4036.90
Payable Days113.60167.50144.40123146.20147.40105.80107.50108.60109.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hindustan Hardy Ltd FAQs

The current trading price of Hind Hardy on 24-Jun-2026 16:59 is ₹841.6.

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 23-Jun-2026 the market cap of Hind Hardy stood at ₹126.1 Cr

The latest P/E ratio of Hind Hardy as of 23-Jun-2026 is 15.05.

The latest P/B ratio of Hind Hardy as of 23-Jun-2026 is 3.36.

The 52-week high of Hind Hardy is ₹1,350 and the 52-week low is ₹665.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Hardy is ₹109 ( Cr.) .

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

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.

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.

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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