Hira Automobiles Ltd - Stock Valuation and Financial Performance

BSE: 531743 | NSE: | Trading | Small Cap

Hira Automobiles Share Price

64.60 0.00 0.00%
as on 25-Apr'24 16:01

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Hira Automobiles stock performance -

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P/E Ratio (SA):
19.40
Market Cap:
17.8 Cr.
52-wk low:
22.6
52-wk high:
64.6

Is Hira Automobiles Ltd an attractive stock to invest in?

1. Is Hira Automobiles Ltd a good quality company?

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

2. Is Hira Automobiles Ltd undervalued or overvalued?

The key valuation ratios of Hira Automobiles Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Hira Automobiles Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hira Automobiles 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 Hira Automobiles:

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.
Hira Automobiles 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 % 5.8%6.2%6.1%6.8%6.5%6.9%4.6%5.7%6.9%7%-
Value Creation
Index
-0.6-0.6-0.6-0.5-0.5-0.5-0.7-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 306324310322356371277204224249261
Sales YoY Gr.-5.8%-4.1%3.8%10.4%4.3%-25.3%-26.3%9.8%11%-
Adj EPS 3.64.22.22.91.44-2.50.92.22.23.3
YoY Gr.-16.7%-47.7%32.4%-51%181.7%-163%NA138.5%1.8%-
BVPS (₹) 26.730.632.736.537.843.141.742.244.447.249.8
Adj Net
Profit
11.20.60.80.41.1-0.70.30.60.61
Cash Flow from Ops. 11.5-1.17.82.4-4.62.613.512.16.510.5-
Debt/CF from Ops. 4-61.57.727.1-18.334.65.86.411.87.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.3%-6.9%-3.5%11%
Adj EPS -5.3%9.3%NA1.8%
BVPS6.5%4.5%4.2%6.1%
Share Price - - - 200.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.414.66.98.43.89.9-5.92.254.86.9
Op. Profit
Mgn %
1.62.12.52.62.832.74.24.34.13.8
Net Profit
Mgn %
0.30.40.20.30.10.3-0.30.10.30.20.4
Debt to
Equity
6.28.36.76.48.17.76.96.76.36-
Working Cap
Days
75747773748111014413111857
Cash Conv.
Cycle
595360636266891151039620

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.90%

Debt to equity has declined versus last 3 years average to 5.99

Sales growth has been subdued in last 3 years -3.50%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.58%

Latest Financials - Hira Automobiles Ltd.

Standalone Consolidated
TTM EPS (₹) 3.3 -
TTM Sales (₹ Cr.) 261 -
BVPS (₹.) 49.8 -
Reserves (₹ Cr.) 11 -
P/BV 1.30 -
PE 19.40 -
From the Market
52 Week Low / High (₹) 22.56 / 64.60
All Time Low / High (₹) 10.00 / 63.34
Market Cap (₹ Cr.) 17.8
Equity (₹ Cr.) 2.8
Face Value (₹) 10
Industry PE 78.3

Management X-Ray of Hira Automobiles:

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 Hira Automobiles

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
Sales306.08323.73310.37322.08355.69370.83277.02204.24224.32248.96
Operating Expenses 301.20316.91302.55313.78345.87359.83269.44195.67214.70238.89
Manufacturing Costs1.451.591.431.731.711.801.431.011.401.72
Material Costs279.99295.59282.49292.46321.90334.32246.76182.14199.21222.28
Employee Cost 12.9812.9412.6612.5814.4314.8914.017.769.139.19
Other Costs 6.786.795.977.017.848.817.244.764.975.70
Operating Profit 4.886.827.838.309.82117.588.579.6110.07
Operating Profit Margin (%) 1.6%2.1%2.5%2.6%2.8%3.0%2.7%4.2%4.3%4.0%
Other Income 0.680.530.140.360.210.220.720.190.410.44
Interest 3.024.165.605.867.228.157.396.987.928.13
Depreciation 1.041.561.361.531.591.781.741.431.391.37
Exceptional Items 000000.51-0.12000
Profit Before Tax 1.501.6311.271.221.80-0.940.350.711.02
Tax 0.530.470.400.470.820.35-0.560.060.090.27
Profit After Tax 0.981.150.600.800.401.45-0.380.290.620.75
PAT Margin (%) 0.3%0.4%0.2%0.2%0.1%0.4%-0.1%0.1%0.3%0.3%
Adjusted EPS (₹)3.64.22.22.91.55.3-1.41.12.22.7
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 7.358.438.9910.0610.4211.8711.4911.6212.2312.98
Share Capital 2.752.752.752.752.752.752.752.752.752.75
Reserves 4.605.686.247.307.669.128.738.869.4810.23
Minority Interest0000000000
Debt43.7968.5159.5763.0482.7790.0877.4772.5473.8372.94
Long Term Debt2.319.0110.2013.9917.1917.0618.0227.7428.6227.11
Short Term Debt41.4859.5049.3649.0565.5873.0259.4544.8045.2145.83
Trade Payables8.936.121.500.461.081.070.981.440.471.08
Others Liabilities 25.1413.3213.2312.567.267.286.9510.807.899.08
Total Liabilities 85.2196.3883.2986.12101.53110.3096.8996.4094.4296.09

Fixed Assets

Gross Block21.5622.2723.5116.6016.6019.9116.4916.6316.9518.35
Accumulated Depreciation4.635.566.691.531.272.431.983.254.505.58
Net Fixed Assets16.9316.7116.8215.0815.3317.4814.5113.3812.4512.77
CWIP 0000000000
Investments 0.05000.580.580.580.15000
Inventories40.3040.4941.2140.1945.7348.7342.5442.4441.3645.07
Trade Receivables14.8613.9214.3716.6819.1722.2724.2022.2123.1922.93
Cash Equivalents 4.3711.563.703.757.435.891.932.131.831.85
Others Assets8.7013.707.209.8513.3015.3513.5716.2415.5913.46
Total Assets 85.2196.3883.2986.12101.53110.3096.8996.4094.4296.09

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 11.46-1.147.832.37-4.592.6413.5212.096.5310.52
PBT 1.501.6311.271.221.80-0.940.350.711.02
Adjustment 4.075.727.037.018.769.338.288.099.059.29
Changes in Working Capital 6.18-7.940.11-5.42-14.08-8.136.183.88-3.020.46
Tax Paid -0.30-0.55-0.28-0.49-0.49-0.370-0.23-0.21-0.25
Cash Flow From Investing Activity -2.33-1.66-1.90-0.361.88-3.931.67-0.30-0.46-1.69
Capex -3.61-1.34-1.53-0.36-0.36-3.931.24-0.30-0.46-1.69
Net Investments 1.29-0.32-0.3702.2400.43000
Others 0000000000
Cash Flow From Financing Activity -9.559.99-13.78-1.95-3.85-0.24-19.15-11.59-6.38-8.80
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -5.05-4.871.9602.1700-4.931.29-0.88
Interest Paid -3.02-4.16-5.60-5.48-5.71-7.55-6.55-6.66-7.66-7.92
Dividend Paid 0000000000
Others -1.4719.02-10.143.53-0.317.30-12.61000
Net Cash Flow -0.417.19-7.860.06-6.57-1.54-3.960.20-0.300.03
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.2514.626.948.373.9313.05-3.32.495.165.95
ROCE (%)8.488.818.929.931010.066.668.199.6710.15
Asset Turnover Ratio3.673.573.453.83.793.52.672.112.352.61
PAT to CFO Conversion(x)11.69-0.9913.052.96-11.481.82N/A41.6910.5314.03
Working Capital Days
Receivable Days15161718182031413734
Inventory Days50464846444660766863
Payable Days7951112221

Hira Automobiles Ltd Stock News

Hira Automobiles Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hira Automobiles on 25-Apr-2024 16:01 is ₹64.60.
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 25-Apr-2024 16:01 the market cap of Hira Automobiles stood at ₹17.79.
The latest P/E ratio of Hira Automobiles as of 25-Apr-2024 16:01 is 19.40.
The latest P/B ratio of Hira Automobiles as of 25-Apr-2024 16:01 is 1.30.
The 52-week high of Hira Automobiles is ₹64.60 and the 52-week low is ₹22.56.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hira Automobiles is ₹261.3 ( Cr.) .

About Hira Automobiles Ltd

Hira Automobiles is a company formed in 1989 and is promoted by Mrs.Rajinder Kaur Bhattal (Ex Chief Minister Punjab) and her family. This company is the authorized dealer of Maruti Suzuki India Ltd since its inception has become a household name for its product and services in South Punjab. Named after the famous freedom fighter Baba Hira Singh Bhattal this company carries forward his values by running the business ethically and with focus on service and customer convenience.

Hira Automobiles, an ISO certified company, started from a small industrial plot in Factory Area Patiala and is now spread across various locations. It covers the districts of Patiala and Muktsar with outlets for Sales, Service, Spares, Insurance, accessories and used cars at Patiala, Rajpura, Muktsar, Nabha, Patran, Devigarh, Malout, Gidderbaha and Bhadson. It provides for one stop solution for all Maruti needs. 

The company is an authorized dealer of Maruti Suzuki India Ltd. for purchase and sale of Motor Vehicles, Spare parts and service of its vehicles. The company also deals in pre-owned car sales and purchase. The other activities carried out in the company are getting vehicles financed from banks and NBFCs, dealing in insurance business and running of Maruti Driving School. The company is Public Company listed on Bombay Stock Exchange in India and is incorporated under the provision of the Companies Act, 1956 as replaced by the Companies Act, 2013 applicable in India. Its principal place of business is located in Patiala, further branches are in the district Patiala and district Muktsar of Punjab.

Business area of the company 

The company is an authorized dealer of Maruti Suzuki India and is engaged in selling and providing after sale services of all its Brands. The Company is also carrying on the insurance of vehicles being sold as an agent of Motor Insurance Companies. The Company foresees tough competition in selling of cars in future as well as present in sales due to economic slowdown.

Awards and accreditations

  • Award for Best Skilled Mechanic (All India) - Consecutively won for many years by its technicians.
  • Award for the Best Accessories Manager (All India).
  • Platinum Category Dealership - Ranked No 1 All India in BSC scores on its first assessment.
  • All India Best Rural Marketing Award - Won the award consecutively for 4 years.
  • Award for Best Customer Satisfaction and Minimum Complaints - Workshop.

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