Him Teknoforge Ltd
Him Teknoforge Ltd., established in 1981, is the flagship company of Him Group. It manufacturers and supplies a wide variety of quality Forgings and Machined Components (Blanks & Finished Heat Treated) like Gears, Axles, Shafts, and repair kits in the tractor, automobile and engineering industry. [1]
- Market Cap ₹ 82.5 Cr.
- Current Price ₹ 105
- High / Low ₹ 110 / 68.0
- Stock P/E 7.29
- Book Value ₹ 220
- Dividend Yield 0.38 %
- ROCE 10.5 %
- ROE 6.74 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.48 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 5.39% over last 3 years.
- Promoters have pledged 57.2% of their holding.
* 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: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 24 | 28 | 30 | 26 | 233 | 267 | 323 | 222 | 239 | 351 | 406 | |
17 | 18 | 22 | 24 | 21 | 200 | 236 | 288 | 197 | 208 | 318 | 370 | |
Operating Profit | 5 | 6 | 6 | 6 | 5 | 33 | 31 | 34 | 25 | 31 | 34 | 37 |
OPM % | 23% | 24% | 23% | 20% | 19% | 14% | 12% | 11% | 11% | 13% | 10% | 9% |
1 | 1 | 1 | 2 | 3 | 0 | 3 | 12 | 4 | 2 | 5 | 5 | |
Interest | 0 | 0 | 0 | 0 | 1 | 16 | 16 | 17 | 16 | 17 | 17 | 17 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 7 | 7 | 8 | 9 | 9 | 9 | 9 |
Profit before tax | 5 | 6 | 7 | 7 | 6 | 10 | 11 | 21 | 5 | 7 | 12 | 16 |
Tax % | 33% | 33% | 33% | 33% | 34% | 30% | 4% | 13% | 30% | 28% | 28% | 31% |
Net Profit | 4 | 4 | 5 | 5 | 4 | 7 | 11 | 18 | 3 | 5 | 9 | 11 |
EPS in Rs | 19.94 | 22.67 | 26.57 | 27.14 | 23.43 | 40.86 | 13.37 | 23.26 | 4.13 | 6.53 | 11.23 | 13.58 |
Dividend Payout % | 49% | 3% | 2% | 3% | 3% | 0% | 3% | 4% | 5% | 6% | 4% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 33% |
5 Years: | 9% |
3 Years: | 22% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 2% |
3 Years: | 52% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | -12% |
3 Years: | 43% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
Reserves | 10 | 14 | 18 | 23 | 27 | 122 | 133 | 145 | 147 | 153 | 161 | 172 |
1 | 0 | 0 | 7 | 12 | 118 | 115 | 125 | 130 | 151 | 151 | 148 | |
6 | 4 | 6 | 4 | 5 | 61 | 68 | 55 | 48 | 45 | 59 | 59 | |
Total Liabilities | 17 | 19 | 24 | 34 | 44 | 302 | 317 | 327 | 327 | 351 | 372 | 380 |
3 | 4 | 3 | 3 | 5 | 115 | 128 | 142 | 154 | 153 | 152 | 151 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 15 | 9 | 8 | 1 | 0 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
14 | 15 | 21 | 31 | 39 | 172 | 180 | 178 | 172 | 197 | 219 | 229 | |
Total Assets | 17 | 19 | 24 | 34 | 44 | 302 | 317 | 327 | 327 | 351 | 372 | 380 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 4 | 4 | 2 | 6 | 3 | 18 | 25 | 25 | 3 | 26 | ||
-5 | -1 | -4 | -8 | -10 | -21 | -9 | -19 | -14 | -8 | -9 | ||
-2 | -2 | -0 | 6 | 4 | 17 | -9 | -6 | -11 | 5 | -17 | ||
Net Cash Flow | -4 | 1 | -0 | 0 | 0 | -0 | -0 | -1 | 0 | 0 | -0 |
Ratios
Figures in Rs. Crores
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 | 51 | 62 | 66 | 56 | 57 | 62 | 52 | 38 | 45 | 70 | 63 | 48 |
Inventory Days | 142 | 88 | 73 | 88 | 92 | 329 | 297 | 255 | 402 | 409 | 267 | 234 |
Days Payable | 104 | 92 | 106 | 69 | 96 | 147 | 139 | 85 | 111 | 92 | 76 | 60 |
Cash Conversion Cycle | 90 | 57 | 33 | 76 | 52 | 245 | 210 | 207 | 336 | 387 | 254 | 222 |
Working Capital Days | 23 | 47 | 43 | 62 | 49 | 131 | 119 | 113 | 178 | 227 | 166 | 147 |
ROCE % | 56% | 49% | 45% | 31% | 22% | 19% | 11% | 12% | 8% | 8% | 10% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 30 May
- Board Meeting Outcome for Board Meeting Outcome Dated 30.05.2023 30 May
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report of the Company issued by DRP & Associates, Practicing Company Secretaries, for Financial Year ended March 31, 2023, pursuant to Regulation …
- Board Meeting Outcome Dated 30.05.2023 30 May
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Announcement under Regulation 30 (LODR)-Credit Rating
25 May - Of Securities Exchange Board of India (LODR) Regulations, 2015 read with Schedule III, we would like to inform you that Infomerics Valuation and Rating Private …
Annual reports
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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
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Products
They manufacture and supply gear boxes, Transmission & Engine Gears, Axle Shafts, Railway components, rubber parts, pins, propeller shaft components, wheel spanners, forklift parts, and many more.
After its merger with Gujarat Automotive & Gears Ltd., the company now has access to new clientele spread over international geographies and also expanded its product portfolio to more than 700 different components.[1][2]