Hemant Surgical Industries Ltd - Stock Valuation and Financial Performance

BSE: 543916 | NSE: | Medical Equipment/Supplies/Accessories | Small Cap

Hemant Surgical Inds Share Price

133 11.00 9.02%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Hemant Surgical Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Hemant Surgical Industries stock performance -

mw4me loader
P/E Ratio (SA):
18.17
Market Cap:
139 Cr.
52-wk low:
121
52-wk high:
260

Is Hemant Surgical Industries Ltd an attractive stock to invest in?

1. Is Hemant Surgical Industries Ltd a good quality company?

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

2. Is Hemant Surgical Industries Ltd undervalued or overvalued?

The key valuation ratios of Hemant Surgical Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Hemant Surgical Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hemant Surgical Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hemant Surgical Inds:

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.
Hemant Surgical Industries 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 % 9.8%10.3%12.1%11.6%11.5%12.2%9.1%10.4%19.2%30%-
Value Creation
Index
-0.3-0.3-0.1-0.2-0.2-0.1-0.4-0.30.41.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.331.839.651.550.655.756.159.8104109109
Sales YoY Gr.-1.6%24.7%30%-1.8%10.1%0.8%6.5%73.3%5.4%-
Adj EPS 1.52.22.62.82.93.52.73.610.68.67.3
YoY Gr.-47.7%17%6.1%5.8%20.8%-24.3%33.6%195.5%-18.3%-
BVPS (₹) 1718.720.420.22123.725.126.741.130.746.4
Adj Net
Profit
0.40.50.60.80.91.10.91.13.46.68
Cash Flow from Ops. 0000000-0.312.18.6-
Debt/CF from Ops. 0000000-53.40.80.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%16.6%24.8%5.4%
Adj EPS 21.4%24.1%47.7%-18.3%
BVPS6.8%7.9%7.1%-25.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.212.513.314.91515.81112.929.536.119
Op. Profit
Mgn %
5.94.55.94.74.94.84.65.96.19.7NAN
Net Profit
Mgn %
1.21.71.61.61.921.51.93.36.17
Debt to
Equity
2.52.22.31.91.31.51.81.70.70.3-
Working Cap
Days
2552762161501401421681711141320
Cash Conv.
Cycle
116855332145183020170

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.84%

Net Profit is growing at healthy rate in last 3 years 47.73%

Debt to equity has declined versus last 3 years average to 0.30

Return on Equity has declined versus last 3 years average to 19.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Hemant Surgical Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 -
TTM Sales (₹ Cr.) 109 -
BVPS (₹.) 46.4 -
Reserves (₹ Cr.) 38 -
P/BV 2.87 -
PE 18.17 -
From the Market
52 Week Low / High (₹) 121.00 / 260.00
All Time Low / High (₹) 121.00 / 260.00
Market Cap (₹ Cr.) 139
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 59.3

Management X-Ray of Hemant Surgical Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hemant Surgical Inds

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
Sales3132405151565660104109
Operating Expenses 29303749485354579799
Manufacturing Costs1011112112
Material Costs26283344424544478280
Employee Cost 1111222356
Other Costs 222245561011
Operating Profit 21222333611
Operating Profit Margin (%) 5.9%4.4%5.9%4.7%4.9%4.8%4.6%5.1%6.1%9.7%
Other Income 0100000122
Interest 1122111222
Depreciation 0000011111
Exceptional Items 0000000000
Profit Before Tax 01111112610
Tax 0000000012
Profit After Tax 0111111158
PAT Margin (%) 1.2%1.7%1.6%1.6%1.9%2.0%1.5%1.9%4.5%7.0%
Adjusted EPS (₹)1.52.22.62.82.93.52.73.614.410.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 445678891324
Share Capital 2222222228
Reserves 333456671116
Minority Interest0000000000
Debt10101111911141395
Long Term Debt11335691043
Short Term Debt9988455342
Trade Payables1211109121215132124
Others Liabilities 112112481211
Total Liabilities 26262827283341435465

Fixed Assets

Gross Block24767810161619
Accumulated Depreciation0330011456
Net Fixed Assets1146789121213
CWIP 0000000000
Investments 0000000110
Inventories15141177915151315
Trade Receivables656755541617
Cash Equivalents 1111214268
Others Assets35657989811
Total Assets 26262827283341435465

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00000000129
PBT 00000002610
Adjustment 0000000222
Changes in Working Capital 0000000-44-2
Tax Paid 000000000-2
Cash Flow From Investing Activity 0000000-20-2
Capex 0000000-20-2
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity 00000001-8-4
Net Proceeds from Shares 00000001-13
Net Proceeds from Borrowing 00000003-6-1
Interest Paid 0000000-2-2-2
Dividend Paid 0000000000
Others 0000000-21-4
Net Cash Flow 0000000-243
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.1612.513.3114.8914.9815.821113.8442.5641.64
ROCE (%)12.9213.1715.6614.7614.5115.2311.6414.3432.8944.94
Asset Turnover Ratio1.31.211.481.91.851.821.511.422.131.83
PAT to CFO Conversion(x)NAN00000002.41.13
Working Capital Days
Receivable Days55594847443435303555
Inventory Days17317111865525378914946
Payable Days12614911476909511410875102

Hemant Surgical Industries Ltd Stock News

Hemant Surgical Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hemant Surgical Inds on 28-Mar-2024 16:01 is ₹133.0.
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 28-Mar-2024 16:01 the market cap of Hemant Surgical Inds stood at ₹139.0.
The latest P/E ratio of Hemant Surgical Inds as of 28-Mar-2024 16:01 is 18.17.
The latest P/B ratio of Hemant Surgical Inds as of 28-Mar-2024 16:01 is 2.87.
The 52-week high of Hemant Surgical Inds is ₹260.0 and the 52-week low is ₹121.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hemant Surgical Inds is ₹109.2 ( Cr.) .

About Hemant Surgical Industries Ltd

The company was originally incorporated as ‘Hemant Surgical Industries Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 27, 1989, by Registrar of Companies, Maharashtra, Mumbai. Subsequently the company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meeting held on January 24, 1994 and the name of the company was changed from ‘Hemant Surgical Industries Private Limited’ to ‘Hemant Surgical Industries Limited’ vide fresh Certificate of Incorporation granted to the company consequent upon conversion into public limited company dated February 22, 1994 by the Registrar of Companies, Maharashtra, Mumbai.

The company manufactures, import, assemble and market a comprehensive portfolio of medical equipments and disposables. Its product offerings cover a wide spectrum of equipments and disposables required for (i) Renal Care, (ii) cardiovascular disease (iii) respiratory disease, (iv) Critical Care and Radiology and (v) Surgical disposables. Its wide range of products includes some of the indigenously manufactured products along with some other products that are imported from countries like: Japan, China France and Australia and are further processed in its assembly units. In addition it is also providing services for maintenance and running of dialysis centres.

The company started its operations with importing and marketing of medical disposables like: meditapes, all over India from JMS Company Japan. Later in the year 1999 the company started its manufacturing operations with one Manufacturing unit and over the years expanded its manufacturing and assembly operations to two more additional units. Its facilities are ISO 9001:2015 and ISO 13485:2016 certified having fully equipped quality control department with experienced and qualified staff to facilitate smooth manufacturing and assembly line process. The company was founded in the year 1989 by one of its Promoters, Hanskumar Shamji Shah, who has over 35 years of experience in the industry.

Business of the company 

Hemant surgical Industries is engaged in the business of manufacturing, importing, assembly and marketing of medical equipments and disposables.

Products of the company

Healthcare products and medical equipments

  • Hemodialysis machine
  • Dialysis Solution - Acidic and bicarbonate
  • Dialyzer
  • ECG machine
  • ECG electrode
  • Nebulizer
  • Paramonitors
  • Ultrasound machine
  • Ventilator

Surgical disposables

  • Meditape
  • Intravenous infusion set
  • Scalp vein set
  • Foley catheter
  • 3 Ply masks

Other healthcare products

  • Digital thermometer
  • Cold and hot sterilant
  • Fully automatic comfort dialysis chair
  • Five-Function electric ICU bed with mattress

History and milestones

  • 1989: Incorporation of the company in the name of ‘Hemant Surgical Private Limted’.
  • 1993: Became the Sole Agent for JMS Co. Ltd, Japan, for JMS, Meditape.
  • 1994: Conversion into Public Limited company with the name Hemant Surgical Industries Ltd. 
  • 1999: Started its first manufacturing plant at Achhad, Maharashtra for External Preparation and Small Volume Parentals.
  • 2018: Entered into exclusive distribution agreement dated July 01, 2018, valid for a period of 6 years, with JMS Co. Ltd., Japan for importing and marketing JMS Meditape in India. The imported meditape undergoes the process of rewinding, slitting, and packaging in its assembly unit situated at Atgaon and is then sold in Indian market.
  • 2019: Entered into technical collaboration agreement with JMS Singapore Pte. Ltd. for manufacturing Intravenous Infusion Set which are sold under the brand name ‘JMS’ in India.
  • 2019: Signed exclusive distribution agreement with Hemant Phillipines Inc./ Mediply Inc. for supply of renal care equipment, medical devices and consumables for marketing the same in entire Phillipines.
  • 2021: Appointed as sole agent of SWS Hemodialysis Care Co. Ltd., Chinato sell and do maintenance of SWS4000A hemodialysis machines in West India on exclusive basis.
  • 2021: Entered into MOU with Dr. Venkatesh for setting up of dialysis centre at Guru Harikrishan Hospital 24x7 Dialysis Centre, New Delhi. 
  • 2022: Achieved a Bench mark of 100 Cr Turnover in the FY 2021-22.

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