Him Teknoforge Ltd
Incorporated in 1973, Him Teknoforge Ltd does manufacturing, sales, distribution and marketing of automotive, non-automotive and engineering components[1]
- Market Cap ₹ 220 Cr.
- Current Price ₹ 232
- High / Low ₹ 274 / 149
- Stock P/E 21.0
- Book Value ₹ 233
- Dividend Yield 0.22 %
- ROCE 9.33 %
- ROE 4.93 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.00 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.29% over last 3 years.
- Promoters have pledged or encumbered 50.9% of their holding.
- Debtor days have increased from 56.7 to 69.6 days.
- Promoter holding has decreased over last 3 years: -3.70%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28 | 30 | 26 | 233 | 267 | 323 | 222 | 239 | 351 | 405 | 373 | 402 | 399 | |
| 22 | 24 | 21 | 200 | 236 | 288 | 197 | 208 | 318 | 367 | 337 | 363 | 361 | |
| Operating Profit | 6 | 6 | 5 | 33 | 31 | 34 | 25 | 31 | 34 | 38 | 35 | 39 | 38 | 
| OPM % | 23% | 20% | 19% | 14% | 12% | 11% | 11% | 13% | 10% | 9% | 9% | 10% | 10% | 
| 1 | 2 | 3 | 0 | 3 | 12 | 4 | 2 | 5 | 5 | 2 | 4 | 4 | |
| Interest | 0 | 0 | 1 | 16 | 16 | 17 | 16 | 17 | 17 | 18 | 18 | 20 | 18 | 
| Depreciation | 0 | 0 | 0 | 7 | 7 | 8 | 9 | 9 | 9 | 9 | 10 | 11 | 11 | 
| Profit before tax | 7 | 7 | 6 | 10 | 11 | 21 | 5 | 7 | 12 | 16 | 10 | 13 | 13 | 
| Tax % | 33% | 33% | 34% | 30% | 4% | 13% | 30% | 28% | 28% | 31% | 27% | 24% | |
| 5 | 5 | 4 | 7 | 11 | 18 | 3 | 5 | 9 | 11 | 7 | 10 | 10 | |
| EPS in Rs | 26.57 | 27.14 | 23.43 | 40.86 | 13.37 | 23.26 | 4.13 | 6.53 | 11.23 | 13.58 | 9.04 | 10.30 | 11.35 | 
| Dividend Payout % | 2% | 3% | 3% | 0% | 3% | 4% | 5% | 6% | 4% | 3% | 4% | 5% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 29% | 
| 5 Years: | 13% | 
| 3 Years: | 5% | 
| TTM: | 5% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% | 
| 5 Years: | 25% | 
| 3 Years: | 3% | 
| TTM: | 33% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% | 
| 5 Years: | 36% | 
| 3 Years: | 36% | 
| 1 Year: | 3% | 
| Return on Equity | |
|---|---|
| 10 Years: | 6% | 
| 5 Years: | 5% | 
| 3 Years: | 5% | 
| Last Year: | 5% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.35 | 0.35 | 0.35 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 
| Reserves | 18 | 23 | 27 | 122 | 133 | 145 | 147 | 153 | 161 | 172 | 178 | 218 | 
| 0 | 7 | 12 | 118 | 115 | 125 | 130 | 151 | 151 | 148 | 149 | 150 | |
| 6 | 4 | 5 | 61 | 68 | 55 | 48 | 45 | 59 | 59 | 84 | 83 | |
| Total Liabilities | 24 | 34 | 44 | 302 | 317 | 327 | 327 | 351 | 372 | 380 | 414 | 453 | 
| 3 | 3 | 5 | 115 | 128 | 142 | 154 | 153 | 152 | 151 | 178 | 186 | |
| CWIP | 0 | 0 | 0 | 15 | 9 | 8 | 1 | 0 | 1 | 0 | 0 | 2 | 
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 
| 21 | 31 | 39 | 172 | 180 | 178 | 172 | 197 | 219 | 229 | 236 | 265 | |
| Total Assets | 24 | 34 | 44 | 302 | 317 | 327 | 327 | 351 | 372 | 380 | 414 | 453 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | 6 | 3 | 18 | 25 | 25 | 3 | 19 | 29 | 42 | 4 | |
| -4 | -8 | -10 | -21 | -9 | -19 | -14 | -8 | -9 | -16 | -32 | -23 | |
| -0 | 6 | 4 | 17 | -9 | -6 | -11 | 5 | -11 | -13 | -10 | 19 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | -0 | -1 | 0 | 0 | -0 | -0 | -0 | -0 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 56 | 57 | 62 | 52 | 38 | 45 | 70 | 63 | 48 | 52 | 70 | 
| Inventory Days | 73 | 88 | 92 | 329 | 297 | 255 | 402 | 409 | 267 | 234 | 275 | 270 | 
| Days Payable | 106 | 69 | 96 | 147 | 139 | 85 | 111 | 92 | 76 | 60 | 89 | 92 | 
| Cash Conversion Cycle | 33 | 76 | 52 | 245 | 210 | 207 | 336 | 387 | 254 | 222 | 238 | 247 | 
| Working Capital Days | 43 | 53 | 5 | 7 | 8 | 22 | 43 | 65 | 54 | 50 | 52 | 62 | 
| ROCE % | 45% | 31% | 22% | 19% | 11% | 12% | 8% | 8% | 10% | 11% | 9% | 9% | 
Documents
Announcements
- 
        
          Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
          
            22 Oct - Certificate under SEBI Reg 74(5) for quarter ended 30 Sep 2025 confirming demat processing by MCS RTA.
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 14 Oct
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 4 Oct
- 
        
          Closure of Trading Window
          
            29 Sep - Trading window closed 01.10.2025 until 48 hours after unaudited Q2/H1 results for period ending 30 Sep 2025.
- 
        
          Technical Collaboration Agreement
          
            22 Sep - Him Teknoforge signed Technical Collaboration with JIUXIN and YIYOU on 22 Sep 2025; tooling, training, technical support.
Annual reports
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      Financial Year 2025
      from bse
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      Financial Year 2024
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      Financial Year 2023
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      Financial Year 2022
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      Financial Year 2021
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      Financial Year 2020
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      Financial Year 2019
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      Financial Year 2018
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      Financial Year 2017
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      Financial Year 2016
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      Financial Year 2015
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      Financial Year 2014
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      Financial Year 2013
      from bse
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      Financial Year 2012
      from bse
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      Financial Year 2011
      from bse
Business Overview:[1][2]
Company is a manufacturer of Auto and Tractor components which it markets under the brand name *KAG*. These components serve aftermarket and OEM's in India. Company has capablity of manufacturing transmission gear for various application and heat treatment