Hindustan Hardy Ltd

Hindustan Hardy Ltd

₹ 594 0.06%
16 Jul - 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

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

  • Market Cap 89.1 Cr.
  • Current Price 594
  • High / Low 655 / 338
  • Stock P/E 18.3
  • Book Value 155
  • Dividend Yield 0.37 %
  • ROCE 27.5 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15.44 13.74 18.14 15.94 14.77 14.02 14.43 17.14 17.50 16.40 16.54 16.85 18.05
12.63 12.17 15.67 15.05 13.79 13.26 13.67 14.98 15.17 14.04 15.13 15.15 16.01
Operating Profit 2.81 1.57 2.47 0.89 0.98 0.76 0.76 2.16 2.33 2.36 1.41 1.70 2.04
OPM % 18.20% 11.43% 13.62% 5.58% 6.64% 5.42% 5.27% 12.60% 13.31% 14.39% 8.52% 10.09% 11.30%
-0.23 0.07 0.00 0.05 0.03 0.13 0.00 0.32 0.13 0.11 0.00 0.15 0.04
Interest 0.04 0.08 0.11 0.07 0.07 0.09 0.12 0.11 0.10 0.07 0.05 0.04 0.08
Depreciation 0.15 0.15 0.17 0.19 0.20 0.22 0.22 0.23 0.23 0.23 0.24 0.26 0.25
Profit before tax 2.39 1.41 2.19 0.68 0.74 0.58 0.42 2.14 2.13 2.17 1.12 1.55 1.75
Tax % 23.01% 26.95% 26.03% 27.94% 28.38% 25.86% 30.95% 27.10% 26.29% 25.81% 26.79% 25.81% 27.43%
1.84 1.02 1.63 0.50 0.53 0.43 0.29 1.56 1.56 1.61 0.83 1.16 1.27
EPS in Rs 12.28 6.81 10.88 3.34 3.54 2.87 1.94 10.41 10.41 10.74 5.54 7.74 8.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
55.15 48.49 52.34 55.14 36.84 37.90 46.58 39.09 44.60 62.56 63.08 67.84
52.20 46.22 51.33 53.10 36.21 36.87 44.00 38.30 39.45 56.66 57.10 60.32
Operating Profit 2.95 2.27 1.01 2.04 0.63 1.03 2.58 0.79 5.15 5.90 5.98 7.52
OPM % 5.35% 4.68% 1.93% 3.70% 1.71% 2.72% 5.54% 2.02% 11.55% 9.43% 9.48% 11.08%
0.13 1.16 0.19 0.70 0.30 1.05 0.05 0.27 0.05 0.15 0.59 0.30
Interest 0.99 1.01 0.89 1.03 0.87 0.49 0.36 0.31 0.19 0.32 0.41 0.24
Depreciation 0.74 0.85 2.45 1.04 0.89 0.67 0.56 0.62 0.60 0.70 0.90 0.98
Profit before tax 1.35 1.57 -2.14 0.67 -0.83 0.92 1.71 0.13 4.41 5.03 5.26 6.60
Tax % 34.07% 46.50% 26.17% 16.42% 6.02% 1.09% 77.19% 76.92% 27.66% 26.64% 27.00% 26.21%
0.88 0.84 -1.57 0.56 -0.78 0.91 0.39 0.03 3.18 3.68 3.84 4.87
EPS in Rs 5.87 5.61 -10.48 3.74 -5.21 6.07 2.60 0.20 21.22 24.56 25.63 32.50
Dividend Payout % 51.14% 53.57% 0.00% 13.39% 0.00% 0.00% 46.15% 0.00% 9.43% 8.15% 8.59% 7.70%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: 15%
TTM: 8%
Compounded Profit Growth
10 Years: 19%
5 Years: 66%
3 Years: 15%
TTM: 29%
Stock Price CAGR
10 Years: 21%
5 Years: 45%
3 Years: 37%
1 Year: 74%
Return on Equity
10 Years: 14%
5 Years: 22%
3 Years: 24%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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
Reserves 7.82 8.14 6.35 6.82 5.85 6.66 7.15 6.95 10.01 13.46 17.04 21.80
6.17 7.29 7.12 6.21 5.22 4.04 5.00 3.60 3.60 6.46 3.84 4.09
15.77 13.26 12.25 14.48 10.45 12.13 12.39 11.01 15.05 11.91 13.59 15.59
Total Liabilities 31.26 30.19 27.22 29.01 23.02 24.33 26.04 23.06 30.16 33.33 35.97 42.98
8.82 8.41 6.35 5.99 3.75 3.97 4.29 4.79 4.63 6.69 6.85 6.67
CWIP 0.01 0.03 0.61 0.29 0.68 0.26 0.44 0.38 0.65 0.18 0.16 3.68
Investments 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22.42 21.74 20.25 22.72 18.58 20.10 21.31 17.89 24.88 26.46 28.96 32.63
Total Assets 31.26 30.19 27.22 29.01 23.02 24.33 26.04 23.06 30.16 33.33 35.97 42.98

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.00 1.19 2.36 2.56 1.06 2.02 0.37 3.59 1.67 0.76 5.02 6.39
-2.29 -0.39 -1.18 -1.45 0.98 -0.41 -1.05 -1.73 -0.91 -2.25 -0.97 -4.34
0.41 -0.41 -1.58 -1.25 -1.86 -1.67 0.61 -1.85 -0.15 2.33 -3.32 -0.23
Net Cash Flow 0.12 0.39 -0.40 -0.14 0.17 -0.06 -0.07 0.01 0.61 0.84 0.73 1.82

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67.77 77.46 73.92 74.93 89.37 116.53 104.38 94.40 139.62 111.38 113.12 109.11
Inventory Days 73.95 69.75 56.26 54.73 65.72 76.20 76.91 96.27 86.82 51.60 65.12 68.69
Days Payable 140.47 120.62 117.05 133.17 133.49 154.83 123.82 138.47 167.95 102.77 113.02 110.41
Cash Conversion Cycle 1.25 26.59 13.12 -3.51 21.60 37.90 57.46 52.20 58.49 60.21 65.22 67.39
Working Capital Days 16.94 30.41 27.34 20.98 28.34 44.40 49.84 45.66 63.34 71.88 71.92 65.05
ROCE % 16.72% 15.92% -7.84% 11.53% 0.30% 11.30% 16.02% 3.58% 33.80% 29.07% 25.57% 27.49%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
66.11% 66.11% 66.11% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16%
33.89% 33.89% 33.89% 33.84% 33.84% 33.84% 33.85% 33.85% 33.84% 33.84% 33.84% 33.84%
No. of Shareholders 3,0953,0633,2393,2223,1693,1623,1683,1673,2503,3643,6113,756

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