Hindustan Hardy Ltd
₹ 800
-0.18%
23 Oct
- 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 ₹ 120 Cr.
- Current Price ₹ 800
- High / Low ₹ 1,240 / 657
- Stock P/E 18.2
- Book Value ₹ 250
- Dividend Yield 0.35 %
- ROCE 27.8 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.4% CAGR over last 5 years
- Debtor days have improved from 101 to 74.5 days.
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
Upcoming result date: 5 November 2026
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52 | 55 | 37 | 38 | 47 | 39 | 45 | 63 | 63 | 68 | 81 | 109 | 106 | |
| 51 | 53 | 36 | 37 | 44 | 38 | 39 | 57 | 57 | 60 | 72 | 97 | 97 | |
| Operating Profit | 1 | 2 | 1 | 1 | 3 | 1 | 5 | 6 | 6 | 8 | 10 | 12 | 10 |
| OPM % | 1.9% | 3.7% | 1.7% | 2.7% | 6% | 2.0% | 12% | 9% | 9% | 11% | 12% | 11% | 9% |
| 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | -2 | 1 | -1 | 1 | 2 | 0 | 4 | 5 | 5 | 7 | 9 | 11 | 9 |
| Tax % | -26% | 16% | -6% | 1% | 77% | 77% | 28% | 27% | 27% | 26% | 26% | 26% | |
| -2 | 1 | -1 | 1 | 0 | 0 | 3 | 4 | 4 | 5 | 7 | 8 | 7 | |
| EPS in Rs | -10.48 | 3.74 | -5.21 | 6.07 | 2.60 | 0.20 | 21.22 | 24.56 | 25.63 | 32.50 | 43.98 | 55.92 | 43.91 |
| Dividend Payout % | 0% | 13% | 0% | 0% | 46% | 0% | 9% | 8% | 9% | 8% | 6% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 21% |
| 3 Years: | 30% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 26% |
| 3 Years: | 14% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 6 | 7 | 6 | 7 | 7 | 7 | 10 | 13 | 17 | 22 | 28 | 36 |
| 7 | 6 | 5 | 4 | 5 | 4 | 4 | 6 | 4 | 4 | 8 | 9 | |
| 12 | 14 | 10 | 12 | 12 | 11 | 15 | 12 | 14 | 15 | 19 | 17 | |
| Total Liabilities | 27 | 29 | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 64 |
| 6 | 6 | 4 | 4 | 4 | 5 | 5 | 7 | 7 | 7 | 11 | 14 | |
| CWIP | 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 |
| 20 | 23 | 19 | 20 | 21 | 18 | 25 | 26 | 29 | 32 | 42 | 44 | |
| Total Assets | 27 | 29 | 23 | 24 | 26 | 23 | 30 | 33 | 36 | 43 | 56 | 64 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | 2 | 0 | 4 | 2 | 1 | 5 | 6 | 2 | 7 | |
| -1 | -1 | 1 | -0 | -1 | -2 | -1 | -2 | -1 | -4 | -5 | -7 | |
| -2 | -1 | -2 | -2 | 1 | -2 | -0 | 2 | -3 | -0 | 3 | 1 | |
| Net Cash Flow | -0 | -0 | 0 | -0 | -0 | 0 | 1 | 1 | 1 | 2 | -0 | 1 |
| Free Cash Flow | 1 | 2 | 2 | 2 | -1 | 3 | 1 | -1 | 4 | 2 | -4 | -0 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 268% | 125% | 187% | 196% | 38% | 482% | 50% | 38% | 104% | 109% | 47% | 81% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 75 | 89 | 117 | 104 | 94 | 140 | 111 | 113 | 109 | 119 | 74 |
| Inventory Days | 56 | 55 | 66 | 76 | 77 | 96 | 87 | 52 | 65 | 69 | 80 | 71 |
| Days Payable | 117 | 133 | 133 | 155 | 124 | 138 | 168 | 103 | 113 | 110 | 130 | 87 |
| Cash Conversion Cycle | 13 | -4 | 22 | 38 | 57 | 52 | 58 | 60 | 65 | 67 | 68 | 58 |
| Working Capital Days | -16 | -15 | -18 | 6 | 12 | 14 | 42 | 46 | 59 | 54 | 60 | 49 |
| ROCE % | -8% | 12% | 0% | 11% | 16% | 4% | 34% | 29% | 26% | 28% | 28% | 28% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share % |
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| Number of Permanent Employees count |
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| Propeller Shaft Production Volume Nos |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Ms. Arati Saran resigned as Non-Independent Non-Executive Director effective October 23, 2026.
-
Announcement under Regulation 30 (LODR)-Cessation
- Arati Saran resigned as Non-Independent Non-Executive Director effective October 23, 2026.
-
Board Meeting Intimation for To Consider And To Approve The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026
- Board meeting on 5 November 2026 to approve Q2 and half-year unaudited results; trading window closed from 1 October.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the Quarter ended 30th September, 2026 based on the Certificate received …
-
Closure of Trading Window
- Trading window closes from October 1, 2026 until 48 hours after Q2 FY2026-27 results meeting.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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