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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
₹695 3.15 (0.46%)
As on 27-Aug'26 14:16
Hindustan Hardy Ltd (505893)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505893 NSE: Auto Ancillary | Small Cap | Hind Hardy Share Price
₹695 3.15 (0.46%)
As on 27-Aug'26 14:16
Key Metrics
Valuation Multiples
Market Cap
₹104 Cr.
Current Price
₹695
52-Week Low / High
₹665 / 1,350
TTM EPS
₹43.9
TTM Sales
₹106 Cr.
Book Value per Share
₹258.1
P/E Ratio
15.78
Higher than its 5-year historical median
Industry PE
49.7
Price to Book (P/B)
2.68
Lower than its 5-year historical median
Price to Sales (P/S)
0.97
Lower than its 5-year historical median
EV/EBITDA
10.03
Higher than its 5-year historical median
Dividend Yield
0.4%
Profitability Efficiency
Return on Equity (ROE)
25.00%
Outperforms industry median
Return on Capital Employed (ROCE)
27.77%
Outperforms industry median
Return on Assets (ROA)
13.96%
Operating Profit Margin
11.1%
Net Profit Margin
7.7%
Gross Profit Margin
11.8%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
33.57%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.84%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
27.16%
Asset Quality
Promoter Holding
66.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹37 Cr.
Equity
₹1.5 Cr.
Face Value
₹10
All Time Low / High
₹7.10 / 1350.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Weak
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?
Revenue growth of Hindustan Hardy Ltd vs industry peers?
Hindustan Hardy Ltd revenue CAGR is 19.52%, compared to the industry median CAGR of 13.36%, indicating faster growth and gaining its market share.
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.
Stock return of Hindustan Hardy Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.9% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.3% | 11.4% | 15.9% | 3.4% | 33.8% | 29.2% | 25.9% | 27.5% | 28.3% | 27.8% | - |
| Value Creation Index ⓘ | -1.0 | -0.2 | 0.1 | -0.8 | 1.4 | 1.1 | 0.9 | 1.0 | 1.0 | 1.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 36.9 | 37.9 | 46.6 | 39.1 | 44.6 | 62.6 | 63.1 | 67.8 | 81.5 | 109 | 106 |
| Sales YoY Gr. | - | 2.9% | 22.9% | -16.1% | 14.1% | 40.3% | 0.8% | 7.5% | 20.1% | 33.6% | - |
| Adj EPS ⓘ | -3.9 | 2.8 | 3 | -0.6 | 21.5 | 24.3 | 23.8 | 32 | 43.4 | 51 | 43.9 |
| YoY Gr. | - | NA | 5% | -121.6% | NA | 13.4% | -2.1% | 34.3% | 35.5% | 17.7% | - |
| BVPS (₹) ⓘ | 49 | 54.4 | 57.7 | 56.4 | 76.8 | 99.8 | 123.7 | 155.5 | 197 | 250.2 | 258.1 |
| Adj Net Profit ⓘ | -0.6 | 0.4 | 0.4 | -0.1 | 3.2 | 3.7 | 3.6 | 4.8 | 6.5 | 7.7 | 7 |
| Cash Flow from Ops. ⓘ | 1.1 | 2 | 0.4 | 3.6 | 1.7 | 0.8 | 5 | 6.4 | 1.6 | 6.6 | - |
| Debt/CF from Ops. ⓘ | 4.9 | 2 | 13.6 | 1 | 2.2 | 8.5 | 0.8 | 0.6 | 4.7 | 1.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.8% | 19.5% | 19.9% | 33.6% | ||||
| Adj EPS ⓘ | NA | 18.9% | 28.9% | 17.7% | ||||
| BVPSⓘ | 19.9% | 26.6% | 26.5% | 27% | ||||
| Share Price | 22.4% | 19.8% | 17.9% | -43.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -7.4 | 5.5 | 5.3 | -1.1 | 32.2 | 27.6 | 21.3 | 22.9 | 24.6 | 22.8 | 17.3 |
| Op. Profit Mgn % ⓘ | 2.5 | 2.7 | 5.7 | 2 | 11.7 | 9.4 | 9.5 | 11.2 | 12 | 11.1 | 9.1 |
| Net Profit Mgn % ⓘ | -1.6 | 1.1 | 1 | -0.3 | 7.2 | 5.8 | 5.7 | 7.1 | 8 | 7 | 6.2 |
| Debt to Equity ⓘ | 0.7 | 0.5 | 0.6 | 0.4 | 0.3 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | - |
| Working Cap Days ⓘ | 189 | 181 | 160 | 181 | 171 | 143 | 149 | 147 | 148 | 130 | 69 |
| Cash Conv. Cycle ⓘ | 40 | 57 | 64 | 79 | 69 | 69 | 76 | 74 | 73 | 57 | 31 |
Valuation of Hind Hardy - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37 | 38 | 47 | 39 | 45 | 63 | 63 | 68 | 81 | 109 |
| Operating Expenses ⓘ + | 36 | 37 | 44 | 38 | 39 | 57 | 57 | 60 | 72 | 97 |
| Operating Profit ⓘ | 1 | 1 | 3 | 1 | 5 | 6 | 6 | 8 | 10 | 12 |
| Operating Profit Margin (%) | 1.7% | 2.7% | 5.5% | 2.0% | 11.5% | 9.4% | 9.5% | 11.1% | 12.0% | 11.1% |
| Other Income ⓘ + | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Interest ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit Before Tax ⓘ | -1 | 1 | 2 | 0 | 4 | 5 | 5 | 7 | 9 | 11 |
| Tax ⓘ | -0 | 0 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 3 |
| Profit After Tax | -1 | 1 | 0 | 0 | 3 | 4 | 4 | 5 | 7 | 8 |
| PAT Margin (%) | -2.1% | 2.4% | 0.8% | 0.1% | 7.1% | 5.9% | 6.1% | 7.2% | 8.1% | 7.7% |
| Adjusted EPS (₹) | -5.2 | 6.1 | 2.6 | 0.2 | 21.3 | 24.6 | 25.6 | 32.5 | 44.0 | 55.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 45.90% | 0% | 9.40% | 8.10% | 8.60% | 7.70% | 6.40% | 5% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 7 | 8 | 9 | 8 | 12 | 15 | 19 | 23 | 30 | 37 | |
| Debt + | 5 | 4 | 5 | 4 | 4 | 6 | 4 | 4 | 8 | 9 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 7 | 8 | 8 | 8 | 10 | 9 | 10 | 11 | 16 | 15 | |
| Others Liabilities ⓘ | 3 | 4 | 4 | 3 | 5 | 2 | 3 | 4 | 3 | 2 | |
| Total Liabilities ⓘ | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 64 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 11 | 14 | |
| CWIP ⓘ | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 4 | 3 | 6 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 7 | 10 | 12 | |
| Trade Receivables | 9 | 12 | 13 | 10 | 17 | 19 | 20 | 20 | 26 | 22 | |
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 4 | 4 | 5 | |
| Others Assets ⓘ | 6 | 4 | 3 | 2 | 2 | 1 | 1 | 1 | 2 | 5 | |
| Total Assets ⓘ | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 64 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1 | 2 | 0 | 4 | 2 | 1 | 5 | 6 | 2 | 7 |
| Cash Flow From Investing Activity ⓘ + | 1 | -0 | -1 | -1 | -1 | -2 | -1 | -4 | -5 | -7 |
| Cash Flow From Financing Activity ⓘ + | -2 | -2 | 1 | -3 | -0 | 2 | -3 | -0 | 3 | 1 |
| Net Cash Flow ⓘ | 0 | -0 | -0 | 0 | 1 | 1 | 1 | 2 | -0 | 1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -9.99 | 11.81 | 4.66 | 0.37 | 31.92 | 27.82 | 22.91 | 23.28 | 24.96 | 25 |
| ROCE (%) | 0.26 | 11.4 | 15.94 | 3.41 | 33.83 | 29.24 | 25.88 | 27.49 | 28.27 | 27.77 |
| Asset Turnover Ratio | 1.51 | 1.62 | 1.85 | 1.59 | 1.68 | 1.98 | 1.82 | 1.73 | 1.65 | 1.81 |
| PAT to CFO Conversion(x) | N/A | 2 | N/A | N/A | 0.67 | 0.25 | 1.25 | 1.2 | 0.29 | 0.88 |
| Working Capital Days | ||||||||||
| Receivable Days | 94.50 | 100.60 | 99.60 | 109.40 | 111.20 | 105.40 | 111.80 | 107.20 | 104.80 | 81.70 |
| Inventory Days | 39.70 | 36.30 | 36.50 | 49 | 42.80 | 29 | 31.30 | 34.40 | 36.90 | 36 |
| Payable Days | 167.50 | 144.40 | 123 | 146.20 | 147.40 | 105.80 | 107.50 | 108.60 | 109.50 | 91.50 |
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Hindustan Hardy Ltd FAQs
The current trading price of Hind Hardy on 27-Aug-2026 14:16 is ₹695.0.
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 26-Aug-2026 the market cap of Hind Hardy stood at ₹103.7 Cr
The latest P/E ratio of Hind Hardy as of 26-Aug-2026 is 15.78.
The latest P/B ratio of Hind Hardy as of 26-Aug-2026 is 2.68.
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 ₹106 ( 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 Fair 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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