Alfred Herbert (India) Ltd

Alfred Herbert (India) Ltd

₹ 1,378 2.00%
21 May 12:31 p.m.
About

Incorporated in 1919, Alfred Herbert (India) Ltd is a non-banking financial company

Key Points

Business Overview:[1][2]
Company's primary business as an NBFC is investment in securities and granting of loans. Company is operating 2 Subsidiaries viz.,
a) Herbert Holdings Limited: It operate mainly in one business segment viz, non-banking financial activities
b) Alfred Herbert Limited: It operates in the business of manufacturing of machinery for rubber and tire industries
Hence there are 2 reportable segments with regards to operations of Group:
a) Manufacturing operations
b) Realty, investments & other non-banking financial activities

  • Market Cap 106 Cr.
  • Current Price 1,378
  • High / Low 1,886 / 668
  • Stock P/E 73.7
  • Book Value 1,448
  • Dividend Yield 0.25 %
  • ROCE 1.84 %
  • ROE 1.89 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.95 times its book value

Cons

  • The company has delivered a poor sales growth of -28.5% over past five years.
  • Company has a low return on equity of 0.84% over last 3 years.
  • Earnings include an other income of Rs.1.10 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1.53 1.09 2.32 0.75 0.57 0.40 1.05 0.82 0.44 0.44 0.41 0.58 0.39
1.43 2.04 1.91 0.70 0.61 0.39 0.45 0.42 0.41 0.43 0.33 0.36 0.39
Operating Profit 0.10 -0.95 0.41 0.05 -0.04 0.01 0.60 0.40 0.03 0.01 0.08 0.22 0.00
OPM % 6.54% -87.16% 17.67% 6.67% -7.02% 2.50% 57.14% 48.78% 6.82% 2.27% 19.51% 37.93% 0.00%
0.07 0.56 0.15 0.70 0.67 0.17 0.15 0.10 0.12 0.78 0.10 0.12 0.10
Interest 0.04 0.05 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.03
Depreciation 0.05 0.04 0.05 0.05 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax 0.08 -0.48 0.49 0.69 0.57 0.13 0.70 0.45 0.10 0.74 0.13 0.30 0.03
Tax % 25.00% 16.67% 18.37% 8.70% -3.51% 15.38% -2.86% 0.00% -10.00% -5.41% 23.08% -93.33% 166.67%
0.06 -0.40 0.41 0.64 0.59 0.10 0.72 0.44 0.11 0.78 0.10 0.58 -0.02
EPS in Rs 0.78 -5.19 5.32 8.30 7.65 1.30 9.33 5.70 1.43 10.11 1.30 7.52 -0.26
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
16.12 13.59 19.87 14.94 20.27 12.65 14.73 13.16 12.31 7.28 4.08 2.76 1.82
15.29 13.85 18.48 15.93 18.76 14.00 15.24 11.02 11.09 7.78 3.60 1.73 1.51
Operating Profit 0.83 -0.26 1.39 -0.99 1.51 -1.35 -0.51 2.14 1.22 -0.50 0.48 1.03 0.31
OPM % 5.15% -1.91% 7.00% -6.63% 7.45% -10.67% -3.46% 16.26% 9.91% -6.87% 11.76% 37.32% 17.03%
0.04 1.25 0.07 0.00 0.00 20.91 0.02 0.84 0.41 0.82 1.65 1.15 1.10
Interest 0.07 0.03 0.04 0.10 0.29 0.30 0.23 0.16 0.17 0.18 0.06 0.03 0.05
Depreciation 0.21 0.19 0.15 0.14 0.14 0.22 0.24 0.18 0.25 0.20 0.18 0.18 0.16
Profit before tax 0.59 0.77 1.27 -1.23 1.08 19.04 -0.96 2.64 1.21 -0.06 1.89 1.97 1.20
Tax % -1.69% -5.19% 7.87% 2.44% -11.11% 24.00% 18.75% 10.61% 23.97% -266.67% 7.41% -3.55%
0.60 0.81 1.17 -1.20 1.20 14.47 -0.77 2.36 0.92 -0.22 1.74 2.05 1.44
EPS in Rs 7.78 10.50 15.17 -15.56 15.56 187.58 -9.98 30.59 11.93 -2.85 22.56 26.58 18.67
Dividend Payout % 25.67% 19.01% 13.16% -12.83% 12.83% 1.06% -25.00% 8.16% 29.29% -96.25% 13.28% 13.15%
Compounded Sales Growth
10 Years: -15%
5 Years: -28%
3 Years: -39%
TTM: -33%
Compounded Profit Growth
10 Years: 21%
5 Years: 36%
3 Years: 30%
TTM: 5%
Stock Price CAGR
10 Years: 18%
5 Years: 19%
3 Years: 26%
1 Year: 92%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77
Reserves 30.33 30.93 31.90 30.44 31.45 45.93 44.97 79.79 77.22 94.53 105.91 104.46 110.91
0.00 0.00 0.15 1.98 3.19 2.22 1.05 1.17 1.48 0.47 0.34 0.19 0.01
10.42 8.25 7.06 7.77 7.35 12.27 6.94 15.11 9.35 7.81 7.17 5.61 5.92
Total Liabilities 41.52 39.95 39.88 40.96 42.76 61.19 53.73 96.84 88.82 103.58 114.19 111.03 117.61
4.31 4.08 4.18 4.10 4.08 4.93 4.90 4.73 5.16 4.27 4.05 3.86 3.78
CWIP 0.71 0.71 3.79 9.37 10.96 11.79 13.77 15.64 20.31 24.38 29.14 33.89 35.40
Investments 21.34 23.61 21.15 17.08 16.36 30.07 26.84 68.83 49.61 70.50 78.26 70.91 75.60
15.16 11.55 10.76 10.41 11.36 14.40 8.22 7.64 13.74 4.43 2.74 2.37 2.83
Total Assets 41.52 39.95 39.88 40.96 42.76 61.19 53.73 96.84 88.82 103.58 114.19 111.03 117.61

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.34 0.94 1.33 -0.31 -0.23 -3.78 0.19 1.92 0.63 -0.79 0.03 0.48
-0.85 -2.01 -0.90 -1.65 -0.99 4.23 1.06 -1.23 4.98 -3.35 0.56 -0.19
-0.46 -0.17 -0.07 1.55 1.24 0.06 -1.60 -0.27 -0.75 -1.45 -0.39 -0.41
Net Cash Flow 1.03 -1.24 0.36 -0.40 0.02 0.52 -0.35 0.43 4.87 -5.59 0.19 -0.12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 61.14 42.97 45.56 74.76 69.15 68.38 19.08 26.07 11.27 9.53 0.00 0.00
Inventory Days 214.46 269.78 96.59 126.94 133.94 218.88 159.47 252.29 274.74 108.03 139.19
Days Payable 148.02 109.99 0.00 143.19 148.31 178.72 107.20 143.51 175.45 70.27 18.56
Cash Conversion Cycle 127.58 202.76 142.14 58.51 54.77 108.55 71.35 134.85 110.56 47.28 120.64 0.00
Working Capital Days 58.64 84.87 47.21 66.45 72.03 44.43 22.55 17.75 22.83 -22.56 -52.78 47.61
ROCE % 2.13% -1.31% 4.06% -3.42% 3.99% -3.72% -1.53% 4.36% 1.71% -0.19% 0.96% 1.84%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.79% 73.86% 73.86% 73.86% 73.86% 73.87% 73.87% 73.87% 73.87% 73.87% 73.87% 73.87%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
26.19% 26.11% 26.11% 26.11% 26.11% 26.11% 26.11% 26.11% 26.11% 26.10% 26.11% 26.13%
No. of Shareholders 2,3012,2212,2082,1742,1722,0882,0782,0742,0591,9911,9682,003

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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