Hindustan Hardy Ltd

Hindustan Hardy Ltd

₹ 808 -5.50%
02 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

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

  • Market Cap 121 Cr.
  • Current Price 808
  • High / Low 1,350 / 601
  • Stock P/E 13.3
  • Book Value 227
  • Dividend Yield 0.35 %
  • 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
17.14 17.50 16.40 16.54 16.85 18.05 16.53 19.92 19.90 25.10 26.75 25.33 27.10
14.98 15.17 14.04 15.13 15.15 16.01 15.21 17.08 18.08 21.34 22.56 22.68 24.60
Operating Profit 2.16 2.33 2.36 1.41 1.70 2.04 1.32 2.84 1.82 3.76 4.19 2.65 2.50
OPM % 12.60% 13.31% 14.39% 8.52% 10.09% 11.30% 7.99% 14.26% 9.15% 14.98% 15.66% 10.46% 9.23%
0.32 0.13 0.11 0.00 0.15 0.04 0.04 0.18 0.07 0.23 0.31 0.38 0.14
Interest 0.11 0.10 0.07 0.05 0.04 0.08 0.04 0.05 0.00 0.09 0.09 0.07 0.11
Depreciation 0.23 0.23 0.23 0.24 0.26 0.25 0.25 0.27 0.29 0.31 0.35 0.35 0.40
Profit before tax 2.14 2.13 2.17 1.12 1.55 1.75 1.07 2.70 1.60 3.59 4.06 2.61 2.13
Tax % 27.10% 26.29% 25.81% 26.79% 25.81% 27.43% 25.23% 28.15% 23.75% 26.46% 26.35% 25.29% 26.29%
1.56 1.56 1.61 0.83 1.16 1.27 0.79 1.94 1.22 2.64 2.98 1.94 1.58
EPS in Rs 10.41 10.41 10.74 5.54 7.74 8.48 5.27 12.95 8.14 17.62 19.89 12.95 10.54
Raw PDF

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: 26%
5 Years: 40%
3 Years: 44%
1 Year: 16%
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%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16%
33.85% 33.85% 33.84% 33.84% 33.84% 33.84% 33.85% 33.85% 33.84% 33.84% 33.85% 33.84%
No. of Shareholders 3,1683,1673,2503,3643,6113,7563,9484,1264,1764,3044,5144,433

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