Hindustan Hardy Ltd
₹ 717
3.97%
24 Mar
- close price
About
Incorporated in 1982, Hindustan Hardy
Ltd is in the business of designing and manufacturing of Propeller Shafts and
other accessories[1]
Key Points
- Market Cap ₹ 108 Cr.
- Current Price ₹ 717
- High / Low ₹ 1,350 / 625
- Stock P/E 11.8
- Book Value ₹ 227
- Dividend Yield 0.39 %
- ROCE 28.4 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 178% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.8%
Cons
- Company might be capitalizing the interest cost
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 52 | 55 | 37 | 38 | 47 | 39 | 45 | 63 | 63 | 68 | 81 | 104 | |
| 46 | 51 | 53 | 36 | 37 | 44 | 38 | 39 | 57 | 57 | 60 | 72 | 91 | |
| Operating Profit | 2 | 1 | 2 | 1 | 1 | 3 | 1 | 5 | 6 | 6 | 8 | 10 | 13 |
| OPM % | 5% | 2% | 4% | 2% | 3% | 6% | 2% | 12% | 9% | 9% | 11% | 12% | 13% |
| 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 2 | -2 | 1 | -1 | 1 | 2 | 0 | 4 | 5 | 5 | 7 | 9 | 12 |
| Tax % | 46% | -26% | 16% | -6% | 1% | 77% | 77% | 28% | 27% | 27% | 26% | 26% | |
| 1 | -2 | 1 | -1 | 1 | 0 | 0 | 3 | 4 | 4 | 5 | 7 | 9 | |
| EPS in Rs | 5.61 | -10.48 | 3.74 | -5.21 | 6.07 | 2.60 | 0.20 | 21.22 | 24.56 | 25.63 | 32.50 | 43.98 | 61.00 |
| Dividend Payout % | 54% | 0% | 13% | 0% | 0% | 46% | 0% | 9% | 8% | 9% | 8% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 16% |
| 3 Years: | 9% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 178% |
| 3 Years: | 22% |
| TTM: | 75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 37% |
| 3 Years: | 44% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 25% |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 8 | 6 | 7 | 6 | 7 | 7 | 7 | 10 | 13 | 17 | 22 | 28 | 33 |
| 7 | 7 | 6 | 5 | 4 | 5 | 4 | 4 | 6 | 4 | 4 | 8 | 7 | |
| 13 | 12 | 14 | 10 | 12 | 12 | 11 | 15 | 12 | 14 | 15 | 19 | 18 | |
| Total Liabilities | 30 | 27 | 29 | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 60 |
| 8 | 6 | 6 | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 11 | 11 | |
| CWIP | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 4 | 3 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 22 | 20 | 23 | 19 | 20 | 21 | 18 | 25 | 26 | 29 | 32 | 42 | 42 | |
| Total Assets | 30 | 27 | 29 | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 60 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 1 | 2 | 0 | 4 | 2 | 1 | 5 | 6 | 2 | |
| -0 | -1 | -1 | 1 | -0 | -1 | -2 | -1 | -2 | -1 | -4 | -5 | |
| -0 | -2 | -1 | -2 | -2 | 1 | -2 | -0 | 2 | -3 | -0 | 3 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | -0 | -0 | 0 | 1 | 1 | 1 | 2 | -0 |
Ratios
Figures in Rs. Crores
| 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 | 77 | 74 | 75 | 89 | 117 | 104 | 94 | 140 | 111 | 113 | 109 | 119 |
| Inventory Days | 70 | 56 | 55 | 66 | 76 | 77 | 96 | 87 | 52 | 65 | 69 | 80 |
| Days Payable | 121 | 117 | 133 | 133 | 155 | 124 | 138 | 168 | 103 | 113 | 110 | 130 |
| Cash Conversion Cycle | 27 | 13 | -4 | 22 | 38 | 57 | 52 | 58 | 60 | 65 | 67 | 68 |
| Working Capital Days | -14 | -16 | -15 | -18 | 6 | 12 | 14 | 42 | 46 | 59 | 54 | 60 |
| ROCE % | 16% | -8% | 12% | 0% | 11% | 16% | 4% | 34% | 29% | 26% | 28% | 28% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic Revenue Rs. Lakhs |
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| Export Revenue Rs. Lakhs |
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| Employee Headcount Number |
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| Propeller Shaft Production Volume Units |
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| Propeller Shaft Sales Volume Units |
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| Gross Current Assets Days |
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| Productivity Increase % |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
13 Mar - Appointed Mr. Aurobind Patel as Independent Director from March 13, 2026 to March 12, 2031.
-
Board Meeting Outcome for Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure
Requirements) Regulations, 2015 For Appointment Of Additional Director (Non- Executive
Independent Director Of The Company.
13 Mar - Appointed Mr. Aurobind Ashabhai Patel as Independent Director for five-year term Mar 13, 2026–Mar 12, 2031.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Newspaper clipping regarding publication of Unaudited Financial Results for the quarter ended December 31, 2025, published in The Freepress Journal and Navashakti on Friday 13th …
- Unaudited Financial Results For The Quarter Ended 31.12.2025. 12 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting And Unaudited Financial Results For The Quarter Ended 31.12.2025.
12 Feb - Q3 FY26 unaudited results: Revenue 2,709.56; Net profit 158.27; YTD profit 650.16; board approved 12 Feb 2026
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
https://www.hhardys.com/about.html
HHL is promoted by XLO India Ltd. It is an IATF 16949:2016 and ISO 14001:2015 EMS certified manufacturer of propeller shafts, which are mechanical devices that transfer power from engines or motors to the point of application