Hercules Hoists Ltd - Stock Valuation and Financial Performance

BSE: 505720 | NSE: HERCULES | Engineering - Industrial Equipments | Small Cap

Hercules Hoists Share Price

526.80 13.65 2.66%
as on 19-Mar'24 11:45

DeciZen - make an informed investing decision on Hercules Hoists

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Hercules Hoists stock performance -

mw4me loader
P/E Ratio (SA):
15.06
Market Cap:
1,642.1 Cr.
52-wk low:
172
52-wk high:
525

Is Hercules Hoists Ltd an attractive stock to invest in?

1. Is Hercules Hoists Ltd a good quality company?

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

2. Is Hercules Hoists Ltd undervalued or overvalued?

The key valuation ratios of Hercules Hoists Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Hercules Hoists Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Hercules Hoists Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Hercules Hoists:

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.
Hercules Hoists 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.9%7.1%7.2%2.4%2.2%2.6%2.6%1.9%2.9%6.5%-
Value Creation
Index
-0.2-0.5-0.5-0.8-0.8-0.8-0.8-0.9-0.8-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10497.591.173.175.51028378.4108151170
Sales YoY Gr.--6.5%-6.5%-19.8%3.3%35.4%-18.8%-5.6%38.4%39%-
Adj EPS 6.23.94.222.43.23.12.55.113.334.1
YoY Gr.--36.8%6.4%-52.8%23.9%32.8%-4.6%-20.4%105.7%162.9%-
BVPS (₹) 54.456.358.7106118.8133.4105.4154.5193.4220.8255.9
Adj Net
Profit
19.912.513.36.37.810.49.97.916.242.6109
Cash Flow from Ops. -0.712.9-3.812.215.112.810.215.514.110-
Debt/CF from Ops. 00-1.90000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.2%14.8%22%39%
Adj EPS 8.9%40.4%62.7%162.9%
BVPS16.9%13.2%28%14.2%
Share Price 17% 34.9% 66.5% 167.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.97.17.32.42.22.62.61.92.96.414.3
Op. Profit
Mgn %
18.99.87.31.85.16.42.50.96.49.911.8
Net Profit
Mgn %
1912.914.68.610.410.111.91014.928.264.3
Debt to
Equity
0000000000-
Working Cap
Days
470436532604493343403361216148141
Cash Conv.
Cycle
1021281561922001341441206443113

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.30%

Sales growth is growing at healthy rate in last 3 years 22.01%

Net Profit is growing at healthy rate in last 3 years 62.67%

Sales growth is good in last 4 quarters at 28.12%

No data to display

Latest Financials - Hercules Hoists Ltd.

Standalone Consolidated
TTM EPS (₹) 34.1 34.1
TTM Sales (₹ Cr.) 170 170
BVPS (₹.) 255.9 255.9
Reserves (₹ Cr.) 816 816
P/BV 2.01 2.01
PE 15.06 15.06
From the Market
52 Week Low / High (₹) 172.00 / 525.00
All Time Low / High (₹) 1.03 / 525.00
Market Cap (₹ Cr.) 1,642
Equity (₹ Cr.) 3.2
Face Value (₹) 1
Industry PE 42.6

Management X-Ray of Hercules Hoists:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Hercules Hoists

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
Sales104979173751028378108151
Operating Expenses 8588857272968178102136
Manufacturing Costs66655766912
Material Costs59575245435644466685
Employee Cost 8101010101313121519
Other Costs 11151712142019141219
Operating Profit 2010714721715
Operating Profit Margin (%) 18.8%9.8%7.2%1.4%5.1%6.4%2.5%0.6%6.3%9.9%
Other Income 11111312101317121620
Interest 0000000001
Depreciation 2323334324
Exceptional Items 00000000-286
Profit Before Tax 281817101116161018116
Tax 85321332413
Profit After Tax 2013138101313815103
PAT Margin (%) 19.0%13.0%14.6%10.9%13.0%12.5%15.6%9.9%13.8%68.5%
Adjusted EPS (₹)6.24.04.22.53.14.04.12.44.732.3
Dividend Payout Ratio (%)24%38%36%40%41%37%44%62%56%9%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 174180188339380427337494619707
Share Capital 3333333333
Reserves 171177185336377424334491616703
Minority Interest0000000000
Debt0070000000
Long Term Debt0000000000
Short Term Debt0070000000
Trade Payables212033910139121518
Others Liabilities 14151567115194549
Total Liabilities 210215243354397451352525679774

Fixed Assets

Gross Block46475037404345464048
Accumulated Depreciation19222335811141112
Net Fixed Assets27252635343533322936
CWIP 0200000000
Investments 404451206263315226423573662
Inventories31324733333932252629
Trade Receivables3233392319111010711
Cash Equivalents 23106326451516
Others Assets57707355464347312920
Total Assets 210215243354397451352525679774

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -113-412151310161410
PBT 281817101116161018116
Adjustment -6-5-6-7-4-2-9-5-10-102
Changes in Working Capital -127-1379351175
Tax Paid -10-7-120-4-20-1-9
Cash Flow From Investing Activity -12-831-11-5-7-93-1
Capex -1-3-2-13-2-4-2-1-175
Net Investments -15-4-8-2-19-7-8-25-14-93
Others 5-21316963171917
Cash Flow From Financing Activity -7-61-13-4-5-6-6-7-8
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -6-6-6-6-4-5-6-6-7-8
Others -107-7000000
Net Cash Flow -20-11003-21102
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.847.147.223.022.723.173.41.872.6815.59
ROCE (%)16.829.949.033.812.9844.192.33.3217.6
Asset Turnover Ratio0.480.50.440.270.210.240.210.180.180.21
PAT to CFO Conversion(x)-0.051-0.311.51.510.7720.930.1
Working Capital Days
Receivable Days90111130137985446462922
Inventory Days891081431791551291581338667
Payable Days109132185166807794857470

Hercules Hoists Ltd Stock News

Hercules Hoists Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hercules Hoists on 19-Mar-2024 11:45 is ₹526.8.
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-Mar-2024 11:45 the market cap of Hercules Hoists stood at ₹1,642.1.
The latest P/E ratio of Hercules Hoists as of 19-Mar-2024 11:45 is 15.06.
The latest P/B ratio of Hercules Hoists as of 19-Mar-2024 11:45 is 2.01.
The 52-week high of Hercules Hoists is ₹525.0 and the 52-week low is ₹172.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hercules Hoists is ₹169.7 ( Cr.) .

About Hercules Hoists Ltd

Hercules Hoists, a part of the Bajaj group, one of the India’s prime business houses was established in 1962 is a manufacturer of material-handling equipment. It has a diverse product range that encompasses chain pulley blocks, electric hoists, cranes, etc. that fulfills the storage, retrieval and material handling needs of companies around the world.

The ISO 9001:2000 certified company offers products including chain pulley blocks, wire rope hoists, trolleys, chain electric hoists, EOT/HOT cranes, light profile crane systems, stacker cranes, lever hoists, winches and roll out racks. It has a modern manufacturing facility in Mumbai equipped with an up-to-date machine shop and rows of assembly lines and testing equipment.

HHL has set up a sprawling factory at Mulund, Mumbai where it manufactures its range of products. It utilizes a state-of-the-art machine shop, ultra modern assembly lines and accurate testing equipment. With a workforce of over one hundred workmen and 87 staff comprising officers and engineers, the company enforces strict quality control at every stage of the manufacturing process - right from selection of raw material to the inspection of the finished product.

Towards the goal of reaching a global market, Hercules Hoists Ltd. has specially set up a marketing division, headed by general manager- marketing and supported by business facilitators station at strategic locations for direct interaction with customers. Its products are now marketed through out India by 45 authorized marketing associates and network of dealers, representatives and liaison agents. It registered sales of nearly Rs. 300 million for the current financial year, making it the undisputed No. 1 brand with the largest market share. The company has also made its mark on the global scene by supplying material handling equipment to European, Middle East, Africa and South East Asian Countries.

The company sells its products under the brand name Indef. The whole range of INDEF material handling equipment manufactured by Hercules Hoists Limited. The marketing division has a network of 45 authorized marketing associates, 100 dealers, service agents and liaison agents across India. It has appointed business facilitators at several strategic locations to facilitate business transactions and to estimate customer application needs. The client list includes state electricity boards like MESB and BSES; automobile majors like Telco and Mahindra & Mahindra; steel plants like Bokaro and TISCO; and cement companies like L&T and ACC and several others.

Products range of the company includes:

  • Chain Pulley Block
  • Chain Electric Hoist
  • Wire Rope Hoist
  • Trolleys
  • EOT /HOT Cranes
  • Light Profile Crane Systems
  • Stacker Cranes
  • Lever Hoists
  • Roll Out Racks
  • Winch
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