HGS India Ltd
HGS (India) Limited (HGSI), incorporated
in February 1986, manufactures geophones, geophone strings, seismic cables, connectors and accessories used in seismic data collection and geophysical equipment.[1]
- Market Cap ₹ 182 Cr.
- Current Price ₹ 168
- High / Low ₹ 168 / 160
- Stock P/E 22.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 11.9 %
- ROE 8.16 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 53.1%
Cons
- Company has a low return on equity of 4.63% over last 3 years.
- Earnings include an other income of Rs.4.37 Cr.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Sales |
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 40.35 | 44.56 | 25.17 | 31.46 | 44.02 | |
| Sales growth | +10.43% | -43.51% | +24.99% | +39.92% | |
| 36.55 | 40.51 | 23.70 | 27.73 | 33.73 | |
| Operating Profit | 3.80 | 4.05 | 1.47 | 3.73 | 10.29 |
| OPM % | 9.42% | 9.09% | 5.84% | 11.86% | 23.38% |
| 1.93 | 2.75 | 4.05 | 2.39 | 4.37 | |
| Interest | 0.13 | 0.08 | 0.08 | 0.11 | 0.14 |
| Depreciation | 1.64 | 1.62 | 1.53 | 1.46 | 1.45 |
| Profit before tax | 3.96 | 5.10 | 3.91 | 4.55 | 13.07 |
| Tax % | 21.72% | 29.80% | 28.13% | 14.95% | 24.33% |
| 3.09 | 3.58 | 2.81 | 3.87 | 9.89 | |
| EPS in Rs | 2.32 | 3.14 | 2.46 | 3.39 | 11.64 |
| Dividend Payout % | 17.99% | 39.72% | 50.60% | 36.74% | 71.89% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 11.12 | 9.48 | 9.48 | 9.48 | 7.11 |
| Reserves | 100.06 | 91.67 | 93.06 | 93.61 | 85.55 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 9.78 | 15.58 | 9.88 | 8.52 | 8.74 | |
| Total Liabilities | 120.96 | 116.73 | 112.42 | 111.61 | 101.40 |
| 40.08 | 39.57 | 38.44 | 38.30 | 37.90 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 27.05 | 6.17 | 18.52 | 16.43 | 16.44 |
| 53.83 | 70.99 | 55.46 | 56.88 | 47.06 | |
| Total Assets | 120.96 | 116.73 | 112.42 | 111.61 | 101.40 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 3.82 | -1.68 | 10.23 | 9.95 | 13.05 | |
| -9.76 | 20.83 | -12.50 | -6.75 | 8.52 | |
| -2.22 | -13.61 | -1.42 | -3.32 | -20.32 | |
| Net Cash Flow | -8.16 | 5.55 | -3.69 | -0.12 | 1.25 |
| Free Cash Flow | 2.38 | -2.78 | 9.85 | 8.54 | 11.99 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 121% | 1% | 738% | 301% | 147% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 46.50 | 104.85 | 38.28 | 8.35 | 17.50 |
| Inventory Days | 894.04 | 860.83 | 2,779.21 | 1,278.26 | 787.52 |
| Days Payable | 43.05 | 87.10 | 32.54 | 9.15 | 24.68 |
| Cash Conversion Cycle | 897.48 | 878.58 | 2,784.95 | 1,277.47 | 780.33 |
| Working Capital Days | 398.29 | 420.78 | 669.53 | 545.41 | 302.15 |
| ROCE % | 3.76% | 3.77% | 4.08% | 11.94% |
Documents
Announcements
No data available.
Business Overview:[1]
HGS (India) Ltd manufactures geophones, geophone strings, seismic cables, geophysical connectors, and accessories for geophysical equipment. Its products are primarily used in seismic data acquisition to record and transmit ground vibrations, helping customers analyse subsurface geological structures.
The company caters to the energy and geoscience industries, with applications
across oil and gas exploration, mineral exploration, defence research, earthquake monitoring, vibration monitoring, geophysical seabed surveys, and academic research. Its products are marketed under the HG brand.[1]