Hindustan Hardy Ltd
Incorporated in 1982, Hindustan Hardy Ltd is
in the business of designing and manufacturing
of Propeller Shafts and other accessories[1]
- Market Cap ₹ 67.5 Cr.
- Current Price ₹ 450
- High / Low ₹ 655 / 244
- Stock P/E 13.1
- Book Value ₹ 139
- Dividend Yield 0.49 %
- ROCE 25.6 %
- ROE 22.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 33.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%
Cons
* 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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
53.48 | 55.15 | 48.49 | 52.34 | 55.14 | 36.84 | 37.90 | 46.58 | 39.09 | 44.60 | 62.56 | 63.08 | 67.29 | |
50.12 | 52.20 | 46.22 | 51.33 | 53.10 | 36.21 | 36.87 | 44.00 | 38.30 | 39.45 | 56.66 | 57.10 | 59.49 | |
Operating Profit | 3.36 | 2.95 | 2.27 | 1.01 | 2.04 | 0.63 | 1.03 | 2.58 | 0.79 | 5.15 | 5.90 | 5.98 | 7.80 |
OPM % | 6.28% | 5.35% | 4.68% | 1.93% | 3.70% | 1.71% | 2.72% | 5.54% | 2.02% | 11.55% | 9.43% | 9.48% | 11.59% |
0.40 | 0.13 | 1.16 | 0.19 | 0.70 | 0.30 | 1.05 | 0.05 | 0.27 | 0.05 | 0.15 | 0.59 | 0.39 | |
Interest | 0.94 | 0.99 | 1.01 | 0.89 | 1.03 | 0.87 | 0.49 | 0.36 | 0.31 | 0.19 | 0.32 | 0.41 | 0.26 |
Depreciation | 0.69 | 0.74 | 0.85 | 2.45 | 1.04 | 0.89 | 0.67 | 0.56 | 0.62 | 0.60 | 0.70 | 0.90 | 0.96 |
Profit before tax | 2.13 | 1.35 | 1.57 | -2.14 | 0.67 | -0.83 | 0.92 | 1.71 | 0.13 | 4.41 | 5.03 | 5.26 | 6.97 |
Tax % | 30.99% | 34.07% | 46.50% | 26.17% | 16.42% | 6.02% | 1.09% | 77.19% | 76.92% | 27.66% | 26.64% | 27.00% | |
1.47 | 0.88 | 0.84 | -1.57 | 0.56 | -0.78 | 0.91 | 0.39 | 0.03 | 3.18 | 3.68 | 3.84 | 5.16 | |
EPS in Rs | 9.81 | 5.87 | 5.61 | -10.48 | 3.74 | -5.21 | 6.07 | 2.60 | 0.20 | 21.22 | 24.56 | 25.63 | 34.43 |
Dividend Payout % | 51.02% | 51.14% | 53.57% | 0.00% | 13.39% | 0.00% | 0.00% | 46.15% | 0.00% | 9.43% | 8.15% | 8.59% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 11% |
3 Years: | 17% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 33% |
3 Years: | 356% |
TTM: | 84% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 31% |
3 Years: | 46% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 19% |
3 Years: | 27% |
Last Year: | 23% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 |
Reserves | 7.46 | 7.82 | 8.14 | 6.35 | 6.82 | 5.85 | 6.66 | 7.15 | 6.95 | 10.01 | 13.46 | 17.04 | 19.31 |
3.90 | 6.17 | 7.29 | 7.12 | 6.21 | 5.22 | 4.04 | 5.00 | 3.60 | 3.60 | 6.46 | 3.84 | 3.22 | |
12.11 | 15.77 | 13.26 | 12.25 | 14.48 | 10.45 | 12.13 | 12.39 | 11.01 | 15.05 | 11.91 | 13.59 | 15.22 | |
Total Liabilities | 24.97 | 31.26 | 30.19 | 27.22 | 29.01 | 23.02 | 24.33 | 26.04 | 23.06 | 30.16 | 33.33 | 35.97 | 39.25 |
6.69 | 8.82 | 8.41 | 6.35 | 5.99 | 3.75 | 3.97 | 4.29 | 4.79 | 4.63 | 6.69 | 6.85 | 6.73 | |
CWIP | 0.63 | 0.01 | 0.03 | 0.61 | 0.29 | 0.68 | 0.26 | 0.44 | 0.38 | 0.65 | 0.18 | 0.16 | 1.94 |
Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
17.64 | 22.42 | 21.74 | 20.25 | 22.72 | 18.58 | 20.10 | 21.31 | 17.89 | 24.88 | 26.46 | 28.96 | 30.58 | |
Total Assets | 24.97 | 31.26 | 30.19 | 27.22 | 29.01 | 23.02 | 24.33 | 26.04 | 23.06 | 30.16 | 33.33 | 35.97 | 39.25 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.94 | 2.00 | 1.19 | 2.36 | 2.56 | 1.06 | 2.02 | 0.37 | 3.59 | 1.67 | 0.76 | 5.02 | |
-0.92 | -2.29 | -0.39 | -1.18 | -1.45 | 0.98 | -0.41 | -1.05 | -1.73 | -0.91 | -2.25 | -0.97 | |
-2.98 | 0.41 | -0.41 | -1.58 | -1.25 | -1.86 | -1.67 | 0.61 | -1.85 | -0.15 | 2.33 | -3.32 | |
Net Cash Flow | 0.04 | 0.12 | 0.39 | -0.40 | -0.14 | 0.17 | -0.06 | -0.07 | 0.01 | 0.61 | 0.84 | 0.73 |
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 | 58.22 | 67.77 | 77.46 | 73.92 | 74.93 | 89.37 | 116.53 | 104.38 | 94.40 | 139.62 | 111.38 | 113.12 |
Inventory Days | 56.62 | 73.95 | 69.75 | 56.26 | 54.73 | 65.72 | 76.20 | 76.91 | 96.27 | 86.82 | 51.60 | 65.12 |
Days Payable | 100.03 | 140.47 | 120.62 | 117.05 | 133.17 | 133.49 | 154.83 | 123.82 | 138.47 | 167.95 | 102.77 | 113.02 |
Cash Conversion Cycle | 14.81 | 1.25 | 26.59 | 13.12 | -3.51 | 21.60 | 37.90 | 57.46 | 52.20 | 58.49 | 60.21 | 65.22 |
Working Capital Days | 13.17 | 16.94 | 30.41 | 27.34 | 20.98 | 28.34 | 44.40 | 49.84 | 45.66 | 63.34 | 71.88 | 71.92 |
ROCE % | 25.16% | 16.72% | 15.92% | -7.84% | 11.53% | 0.30% | 11.30% | 16.02% | 3.58% | 33.80% | 29.07% | 25.57% |
Documents
Announcements
-
Certificate Under Clause 40 (9) Of The SEBI (LODR).
1d - Certificate from the practicing company secretary for the year ended 31.03.2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Apr
- Compliance Certificate (RTA & Compliance Officer) Under Regulation 7 (3). 5 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
- Closure of Trading Window 27 Mar
Annual reports
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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
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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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Financial Year 2009
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Product Profile:
a) Propeller Shafts:[1]
Company manufactures drive shafts for automotive, agricultural, off-highway and industrial applications with torque requirements ranging from 1000Nm to 15000Nm
b) Double Cardan Shafts:[2]
These are used in the automotive, agricultural and construction sectors. Company supplies standard (male) shafts or with integrated pinion (sun gear) which can withstand torque up to 2300Nm
c) Universal Joints:[3]
Universal joints are the weakest link in driveshaft design and therefore their durability is of high importance in vehicle performance. Company manufactures universal joint kits with torque capacities ranging from 1000 Nm to 15000 Nm
d) Components:[4]
Company offer an array of stand-alone components and sub-assemblies and products including flange yokes, slip yoke assemblies, agricultural yokes, steering joints and center bearings