Hindustan Hardy Ltd

Hindustan Hardy Ltd

₹ 810 -5.70%
08 May - 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 122 Cr.
  • Current Price 810
  • High / Low 1,350 / 665
  • Stock P/E 14.5
  • 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 21.5% CAGR over last 5 years
  • Debtor days have improved from 101 to 74.4 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
17.50 16.40 16.54 16.85 18.05 16.53 19.92 19.90 25.10 26.75 25.33 27.10 29.62
15.17 14.04 15.13 15.15 16.01 15.21 17.08 18.08 21.34 22.56 22.68 24.60 26.91
Operating Profit 2.33 2.36 1.41 1.70 2.04 1.32 2.84 1.82 3.76 4.19 2.65 2.50 2.71
OPM % 13.31% 14.39% 8.52% 10.09% 11.30% 7.99% 14.26% 9.15% 14.98% 15.66% 10.46% 9.23% 9.15%
0.13 0.11 0.00 0.15 0.04 0.04 0.18 0.07 0.23 0.31 0.38 0.14 0.32
Interest 0.10 0.07 0.05 0.04 0.08 0.04 0.05 0.00 0.09 0.09 0.07 0.11 0.08
Depreciation 0.23 0.23 0.24 0.26 0.25 0.25 0.27 0.29 0.31 0.35 0.35 0.40 0.41
Profit before tax 2.13 2.17 1.12 1.55 1.75 1.07 2.70 1.60 3.59 4.06 2.61 2.13 2.54
Tax % 26.29% 25.81% 26.79% 25.81% 27.43% 25.23% 28.15% 23.75% 26.46% 26.35% 25.29% 26.29% 25.98%
1.56 1.61 0.83 1.16 1.27 0.79 1.94 1.22 2.64 2.98 1.94 1.58 1.88
EPS in Rs 10.41 10.74 5.54 7.74 8.48 5.27 12.95 8.14 17.62 19.89 12.95 10.54 12.55
Raw PDF

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
52 55 37 38 47 39 45 63 63 68 81 109
51 53 36 37 44 38 39 57 57 60 72 97
Operating Profit 1 2 1 1 3 1 5 6 6 8 10 12
OPM % 2% 4% 2% 3% 6% 2% 12% 9% 9% 11% 12% 11%
0 1 0 1 0 0 0 0 1 0 0 1
Interest 1 1 1 0 0 0 0 0 0 0 0 0
Depreciation 2 1 1 1 1 1 1 1 1 1 1 2
Profit before tax -2 1 -1 1 2 0 4 5 5 7 9 11
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
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
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: 34%
Compounded Profit Growth
10 Years: 31%
5 Years: 21%
3 Years: 30%
TTM: 27%
Stock Price CAGR
10 Years: 25%
5 Years: 41%
3 Years: 43%
1 Year: 8%
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 18
Total Liabilities 27 29 23 24 26 23 30 33 36 43 56 65
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 45
Total Assets 27 29 23 24 26 23 30 33 36 43 56 65

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/OP 268% 125% 187% 196% 38% 482% 50% 38% 104% 109% 47% 81%

Ratios

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
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 48
ROCE % -8% 12% 0% 11% 16% 4% 34% 29% 26% 28% 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
Employee Headcount
Number
Propeller Shaft Production Volume
Units
Propeller Shaft Sales Volume
Units
Gross Current Assets
Days
Productivity Increase
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 33.84% 33.84% 33.84% 33.84% 33.85% 33.85% 33.84% 33.84% 33.85% 33.84% 33.85%
No. of Shareholders 3,1673,2503,3643,6113,7563,9484,1264,1764,3044,5144,4334,408

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