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Hinduja Foundries Ltd. - (Amalgamated) Stock Analysis

Small Cap
Evaluated by 135 users | BSE: 505982 | NSE: HINDUJAFO |
Castings/Forgings
Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.Initially promoted by British Leyland, the foundry commenced commercial production in 1961....

Analysis of Financial Track Record

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.
Value Creation
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'13Sep'14Mar'16
Return on Capital Employed 12.21%8.17%6.86%1.06%2.83%3.38%-20.71%-8.58%-21.79%-28.27%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 330395451363392553688613666563
Y-o-Y Gr. Rt.-19.9%14.2%-19.6%7.8%41.2%24.5%-10.8%8.6%-15.4%
Adjusted EPS (Rs.) 5.786.997.74-5.25-2.591.63-63.61-72.17-23.63-9.66
Y-o-Y Gr. Rt.-20.9%10.7%-167.8%NANA-4002.5%NANANA
Book Value per Share (Rs.) 35.8439.7344.7856.5775.268.92-23.87-144.32-29.83-10.41
Adjusted Net Profit 12.41516.6-12.9-4.84.7-183-207-172-200
Net Op. Cash Flow (Rs. Cr.) 16.59.124.2-1620.5-5547-139-34.1-81.4
Debt to Cash Flow from Ops 4.0418.3312.21-22.8421.69-10.379.55-8.31-11.71-3.77
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Hinduja Foundries Ltd. - (Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.1%7.6%-6.4%-15.4%
Adjusted EPS -205.9%NANANA
Book Value per Share -187.2-167.300
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Sep'12Mar'13Sep'14Mar'16
Return on Equity (%) 16.513.4413.86-5.41-1.381.23-92.35-42.1-103.84-158.04
Operating Profit Margin (%) 9.169.6211.216.512.411.55-10.71-12.52-7.8-5.98
Net Profit Margin (%) 3.763.793.68-3.55-1.240.84-26.57-33.8-25.77-35.49
Debt to Equity 0.651.522.442.282.752.6-108.195.04-172.52-296.38
Working Capital Days 92115135208250234132382101115
Cash Conversion Cycle 34475692122125561032815
Entity Percentage Holding
Promoters 53.25%
Institutions 24.26%
Non-Institutions 22.49%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.

Initially promoted by British Leyland, the foundry commenced commercial production in 1961. Since then the intricate castings manufactured at its high capacity plant has been catering to the major Automobile Industries across India.

Hinduja Foundries is the largest automotive jobbing

Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.

Initially promoted by British Leyland, the foundry commenced commercial production in 1961. Since then the intricate castings manufactured at its high capacity plant has been catering to the major Automobile Industries across India.

Hinduja Foundries is the largest automotive jobbing foundry with production capacity of 143000 MT of grey iron casting and 3000 MT of aluminum gravity die-casting.

It makes grey iron and aluminum gravity die, casting for automobile, industrial engine, power generator, tractors as well as for defence application.Their foundry products are ranging from 10Kg to 300 Kg in grey iron and 0.5 to 16.5 Kg in Aluminum gravity die castings.

Product ranges include Cylinder Blocks, Cylinder Heads, Flywheels, Flywheel Housings, Transmission Casings, Clutch Plates, Brake Drums, Intake Manifolds and Clutch Housings for HCV,LCV and Car segments.In fact in India, one vehicle out 3 in India is fitted with HFL made Cylinder Block Casting.

Their commitment to quality was recognized when HFL was given ISO 9000 certification and QS 9000 certification. Hinduja Foundries is certified for ISO 14001 also since April 2005.

Products  range of the company includes:

Cylinder Blocks, Cylinder Heads, Flywheels, Flywheel Housings, Transmission Casings, Clutch Plates, Brake Drums, Intake Manifolds and Clutch Housings.

Milestones of the company:

  • 2008   Achieved Rs100 crore turnover in all 4 quarters in 2007-08 
  • 2007   Commencement of trail production at new greenfiled foundry at Sriperumbudur Commissioning of design centre and tool making facility ISO TS 16949 Quality System Certification
  • 2006   IVECO interests in LRLIH acquired by Hinduja Group 
  • 2005   Acquisition of Ductron Castings ISO 14001 Awarded
  • 2003   Computer Solidification simulation for Casting Design Introduced 
  • 2000   Certified QS- 9000 Quality System
  • 1997  Certified ISO 9001 Quality System
  • 1996  CAD-CAD PRO-E workstation Installed
  • 1991  Second High Pressure Moulding Line Installed
  • 1990  Aluminium Foundry Expansion
  • 1987  Ownership of Hinduja Foundries changes from British Leyland to LRLIH Ltd Combine of HINDUJA and IVECO
  • 1984  CNC Machine for Pattern Making Installed
  • 1982  First High Pressure Moulding Line Installed
  • 1961  Commercial Production Commenced
  • 1959   Promoted by British Leyland

Future plans:

  • Expansion by a greenfield project near Hyderabad with a capacity of 10000 tons of GI castings per annum. With planned additional investment proposal of Rs 150 crore in coming year.
  • Hinduja Foundries has got plans to invest Rs. 30 to 40 crore for modernizing and revamping the existing two lines to enhance the capacity from 48000 MT to 55000 MT per annum.
  • It has planned to put up a new Hand Moulding line with little bit of automation for producing heavy castings / low volumes to meet the domestic and export requirements.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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