Harig Crankshafts Ltd - Stock Valuation and Financial Performance

BSE: 500178 | NSE: HARIGCRANK | Engineering - Industrial Equipments | Small Cap

BSE Share Price
Not Listed

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Harig Crankshafts stock performance -

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P/E Ratio (SA):
0.00
Market Cap:
31.6 Cr.
52-wk low:
0.8
52-wk high:
0.9

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Harig Crankshafts Ltd is a below average quality company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Harig Crankshaft:

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.
Harig Crankshafts Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
ROCE % -19.1%-23.9%-24.2%-27.2%-32.3%-0.8%5.6%7.4%4.3%-1.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11.111.215.517.22025.642.152.835.413.520
Sales YoY Gr.-1.4%38.8%10.8%16.2%28.2%64.1%25.4%-33%-61.7%-
Adj EPS -1.4-1.8-2-2.2-3-0.100.10-0.1-0.1
YoY Gr.-NANANANANANA100%-66.7%-600%-
BVPS (₹) -4.8-6.7-8.9-9.7-12.70.911.21.21.21.2
Adj Net
Profit
-29.5-37.4-40.8-45.3-55.2-2.81.12.50.9-4-3
Cash Flow from Ops. -23.9-38.8-37.7-15.1-52.5237-0.6-4.12.8-7.5-
Debt/CF from Ops. -5.7-4.5-5.7-15.2-5.40.1-16.8-4.78.7-4.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.3%-7.5%-31.5%-61.7%
Adj EPS NANA-249.4%-600%
BVPSNANA5.1%-4.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09TTM
Return on
Equity %
43.336.82926.726.92.73.46.11.9-8.4-6
Op. Profit
Mgn %
2.23.211.21116.112.314.114.218.418.420.3
Net Profit
Mgn %
-267.1-333.9-262.6-262.9-275.9-10.82.74.82.6-29.6-14
Debt to
Equity
-1.6-1.4-1.3-1.3-1.20.70.30.40.50.8-
Working Cap
Days
3053312803012892752662703931,1400
Cash Conv.
Cycle
1942201501851631471281261837130

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Harig Crankshafts Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -
TTM Sales (₹ Cr.) 19.7 -
BVPS (₹.) 1.2 -
Reserves (₹ Cr.) 6 -
P/BV 0.69 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 0.79 / 0.88
All Time Low / High (₹) 0.04 / 8.00
Market Cap (₹ Cr.) 31.6
Equity (₹ Cr.) 39.4
Face Value (₹) 1
Industry PE 51.6

Management X-Ray of Harig Crankshaft:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0010.72
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Harig Crankshaft

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Sales11.0511.2015.5417.212025.6442.0752.7735.3513.53
Operating Expenses 10.8110.8413.8115.3116.7822.4836.1345.3028.8511.04
Manufacturing Costs2.773.113.334.174.525.449.5711.626.703.69
Material Costs4.153.866.196.478.8512.3721.0727.2217.513.24
Employee Cost 1.731.761.962.112.3233.233.552.432.46
Other Costs 2.172.112.322.561.081.682.262.912.211.66
Operating Profit 0.240.361.741.903.223.165.947.476.502.49
Operating Profit Margin (%) 2.1%3.2%11.2%11.0%16.1%12.3%14.1%14.2%18.4%18.4%
Other Income 0.100.140.090.160.090.210.210.460.600.29
Interest 26.8734.9239.6644.2955.453.422.162.382.973.67
Depreciation 2.982.982.993.023.052.702.7833.083.08
Exceptional Items 000000-0.19000
Profit Before Tax -29.51-37.41-40.82-45.25-55.18-2.761.022.551.06-3.97
Tax 0000000.040.030.140.03
Profit After Tax -29.51-37.41-40.82-45.25-55.18-2.760.982.520.92-4
PAT Margin (%) -267.0%-333.0%-262.0%-262.0%-275.0%-10.8%2.3%4.8%2.6%-29.6%
Adjusted EPS (₹)-1.6-2.0-2.2-2.5-3.0-0.10.00.10.0-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09

Equity and Liabilities

Shareholders Fund -82.92-120.34-161.17-177.74-232.8728.8735.9046.7047.5745.49
Share Capital 18.3518.3518.3518.3518.3531.8535.8539.3639.3639.36
Reserves -101.26-138.69-179.51-196.08-251.21-2.970.047.358.216.13
Minority Interest0000000000
Debt136.29175.30214.16229.53282.4918.9110.4519.4824.1234.35
Long Term Debt136.29175.30214.16229.53282.4918.9110.4519.4824.1234.35
Short Term Debt0000000000
Trade Payables2.282.232.894.084.557.3514.8313.0213.398.85
Others Liabilities 8.954.525.353.874.015.083.802.255.694.14
Total Liabilities 64.5961.7261.2459.7458.1960.2164.9881.4590.7792.84

Fixed Assets

Gross Block67.5967.6867.8968.7168.9055.4758.0162.2462.5662.58
Accumulated Depreciation18.5321.5124.5027.4830.5129.3231.6634.5037.5740.65
Net Fixed Assets49.0646.1743.4041.2338.3926.1526.3527.7524.9821.92
CWIP 00.070.120.130.121.471.293.3218.8121.87
Investments 0000000000
Inventories7.298.219.2510.5410.8215.1521.5623.5625.9731.33
Trade Receivables2.052.453.924.2356.6810.4811.9414.5411.71
Cash Equivalents 0.460.501.420.871.127.181.368.321.781.49
Others Assets5.734.313.142.752.743.593.946.564.694.52
Total Assets 64.5961.7261.2459.7458.1960.2164.9881.4590.7792.84

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Cash Flow From Operating Activity -23.94-38.81-37.68-15.10-52.52236.76-0.62-4.142.76-7.50
PBT -29.51-37.41-40.82-45.25-55.18-2.760.982.520.92-4
Adjustment 31.0139.0743.7776.7158.231.774.214.165.265.89
Changes in Working Capital 1.25-5.76-1.22-2.89-0.42-3-4.36-9.44-1.3-6.58
Tax Paid 0000000000
Cash Flow From Investing Activity -0.10-0.16-0.26-0.82-0.1912.07-2.35-6.26-15.81-3.08
Capex -0.02-0.16-0.26-0.82-0.1912.07-2.35-6.26-15.81-3.08
Net Investments 0000000000
Others -0.09000000000
Cash Flow From Financing Activity 23.8438.7838.8615.3752.96-242.78-2.8417.376.5010.29
Net Proceeds from Shares 0000020.805.628.1200.06
Net Proceeds from Borrowing 23.8438.7838.3514.6552.47-264.88-9.776.495.878.63
Interest Paid 0000000000
Dividend Paid 0000000000
Others 000.520.720.481.311.312.750.631.61
Net Cash Flow -0.20-0.190.92-0.550.256.05-5.826.97-6.54-0.29
PARTICULARSMar'00Mar'01Mar'02Mar'03Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09
Ratios
ROE (%)N/AN/AN/AN/AN/A03.046.11.95-8.6
ROCE (%)N/AN/AN/AN/AN/A1.366.768.775.76-0.39
Asset Turnover Ratio0.190.20.290.320.390.490.670.720.470.16
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A-0.63-1.643N/A
Working Capital Days
Receivable Days5864667674737478119323
Inventory Days206222180184171162159156223704
Payable Days2012131511971781761921872751,252

Harig Crankshafts Ltd Stock News

Harig Crankshafts Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Harig Crankshaft on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Harig Crankshaft stood at ₹31.55.
The latest P/E ratio of Harig Crankshaft as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Harig Crankshaft as of 01-Jan-1970 05:30 is 0.69.
The 52-week high of Harig Crankshaft is ₹0.88 and the 52-week low is ₹0.79.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Harig Crankshaft is ₹19.69 ( Cr.) .

About Harig Crankshafts Ltd

Harig Crankshafts (HCL) established in 1983. It was jointly promoted by Harig India and Pradeshiya Industrial Corporation of Uttar Pradesh, in foreign collaboration with Wilhelumus import and export establishment of Germany.

Business area of the company HCL manufactures crankshafts and performs forging applications for various companies in the automobile sector, particularly for tractors and commercial vehicles through its plant located in Noida.

Clients of the company Tata Motors, Ashok Leyland, HMT Tractors, Escorts Sonalika and Mahindra Gujarat.

The registered office of the company is at C 49,Phase 2,Noida Gautam Budh Nagar,Uttar Pradesh-201305.

The company also has a presence in the replacement market.

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