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BSE: 590018 | NSE: HISARMETAL | Steel & Iron Products | Small Cap
1. Is Hisar Metal Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Hisar Metal Industries Ltd is a average quality company.
2. Is Hisar Metal Industries Ltd undervalued or overvalued?
The key valuation ratios of Hisar Metal Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Hisar Metal Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hisar Metal Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 7.1% | 8.5% | 9% | 6.1% | 7.8% | 11.8% | 10.3% | 8.5% | 9.6% | 14.3% | - | ||
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.4 | -0.6 | -0.5 | -0.2 | -0.3 | -0.4 | -0.3 | 0.0 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 202 | 211 | 224 | 176 | 161 | 231 | 208 | 178 | 153 | 237 | 276 | ||
| YoY Gr. Rt. % | - | 4.6% | 5.9% | -21.3% | -8.4% | 43.2% | -10.1% | -14.3% | -14.1% | 54.8% | - | ||
| Adj EPS ⓘ | -0.1 | 2.1 | 2.4 | 0.7 | 4.8 | 9 | 9.8 | 7.2 | 10 | 20.5 | 20.3 | ||
| YoY Gr. Rt. % | - | NA | 12.2% | -70% | 572.2% | 85.5% | 9.6% | -26.6% | 38.8% | 104.2% | - | ||
| BVPS (₹) ⓘ | 21.2 | 22.7 | 24.4 | 24.3 | 28 | 35.9 | 44.6 | 50.8 | 59.9 | 81.2 | 100.5 | ||
| Adj Net Profit ⓘ | 0 | 1.2 | 1.3 | 0.4 | 2.6 | 4.9 | 5.3 | 3.9 | 5.4 | 11.1 | 11 | ||
| Cash Flow from Ops. ⓘ | 8.1 | 11.8 | -5.6 | 19.6 | 6.7 | 9.5 | 12 | 4.1 | 8.7 | 6.2 | - | ||
| Debt/CF from Ops. ⓘ | 6.9 | 4.5 | -12.5 | 3 | 9.6 | 6.8 | 5.2 | 15.5 | 7.1 | 10.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 1.8% | 8% | 4.5% | 54.8% | ||||||||
| Adj EPS ⓘ | NA | 33.4% | 27.6% | 104.2% | ||||||||
| BVPS ⓘ | 16.1 | 23.8 | 22.1 | 35.6 | ||||||||
| Share Price | 27.8% | 16.8% | 33.4% | 10.7% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -0.4 | 9.8 | 10.2 | 3 | 18.5 | 28.1 | 24.4 | 15.1 | 18.1 | 29 | 22.3 | |
| Op. Profit Mgn % ⓘ | 4.7 | 4.9 | 4.9 | 4.8 | 6 | 6.8 | 6.2 | 6.9 | 9.5 | 9.1 | 8.1 | |
| Net Profit Mgn % ⓘ | -0 | 0.6 | 0.6 | 0.2 | 1.6 | 2.1 | 2.6 | 2.2 | 3.5 | 4.7 | 4 | |
| Debt to Equity ⓘ | 4.9 | 4.4 | 5.4 | 4.4 | 4.3 | 3.3 | 2.6 | 2.3 | 1.9 | 1.5 | 0.3 | |
| Working Cap Days ⓘ | 101 | 94 | 98 | 114 | 118 | 108 | 143 | 164 | 222 | 172 | 181 | |
| Cash Conv. Cycle ⓘ | 72 | 65 | 71 | 97 | 99 | 82 | 100 | 126 | 157 | 114 | 75 | |
Return on Equity has increased versus last 3 years average to 22.30%
Net Profit is growing at healthy rate in last 3 years 27.64%
Debt to equity has declined versus last 3 years average to 1.47
Sales growth is good in last 4 quarters at 22.04%
Sales growth has been subdued in last 3 years 4.46%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 20.3 | - |
| TTM Sales (₹ Cr.) | 276 | - |
| BVPS (₹.) ⓘ | 100.5 | - |
| Reserves (₹ Cr.) ⓘ | 49 | - |
| P/BV ⓘ | 1.38 | - |
| PE ⓘ | 6.84 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 96.05 / 192.45 |
| All Time Low / High (₹) | 9.33 / 192.45 |
| Market Cap (₹ Cr.) | 74.9 |
| Equity (₹ Cr.) | 5.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 15.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Hisar Metal Industries was set up at Hisar, Haryana in the year 1991 to produce high pecision, utra thin stainless steel strips. Hisar is popularly known as the ‘Stainless Steel City of India.
Over the years, Hisar Metal has achieved phenomenal growth. Utilising state-of-the-art-technology and high precision imported machinery, they are able to manufacture ultra thin (upto 0.05mm) high precision stainless steel strips with dimensional accuracy, excellent flatness and smooth surface finish.
Stainless steel, since its first cast in the year 1913, has come a long way. Today, stainless steel is widely used not only by the heavy industries but also by small and medium industries that manufacture our day to day utility products. The demand base of the Indian stainless steel industry is second to textile industry in terms of sheer magnitude. No doubt stainless steel is called - the versatile metal, because of its numerous applications and extra ordinary properties.
Backed by a dedicated, skilled technical workforce and a flair to excel in providing services made it possible for Hisar Metal to stand out as one of the leading suppliers of high quality stainless steel strips to the domestic as well as overseas markets.
The company has its own captive power supply to sustain internal consumption. Recently installed 6.5 MW gensets cater to their needs in excess to their requirement supply of power all the time.
Ever since their inception, they have been keen on increasing their presence in newer markets. Their efforts have paid good dividends and today their products are exported to Australia, USA, China, Pakistan, Bangladesh, Korea and Germany.
To cater to the increasing demand from these countries and in order to increase their basket in future, they have successfully commissioned the latest 6hi mill and BA line.
Products manuffactured by the company:
High precision, ultra thin stainless steel strips for the use in Automotive Parts, Camera, Clamps, Engine Gasket, Fiber Optics, Metal Hose, etc.
Achievements/ recognition:
It is an ISO 9001 certified company.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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