Hisar Metal Industries Ltd

Hisar Metal Industries Ltd

₹ 184 -1.21%
26 Apr - close price
About

Incorporated in 1991, Hisar Metal Industries Ltd manufactures and sells stainless steel strips/coil, tubes, and pipes, etc.[1]

Key Points

Business Overview[1]
Company manufactures Cold Rolled Stainless Steel Strips and Stainless Steel Tubes & Pipes. It has 2 Nos. of 6 Hi-Cold Rolling Mills, 3 Nos. of 4 Hi-Cold Rolling Mills, and 10 Tubes Mills.

  • Market Cap 99.2 Cr.
  • Current Price 184
  • High / Low 252 / 130
  • Stock P/E 15.4
  • Book Value 108
  • Dividend Yield 0.54 %
  • ROCE 18.2 %
  • ROE 22.3 %
  • 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: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
46.70 52.25 46.85 55.25 68.18 66.31 82.28 75.62 59.57 58.55 62.19 65.23 53.24
41.48 47.01 42.80 51.01 62.51 58.82 75.30 68.86 54.20 55.20 57.81 60.59 49.30
Operating Profit 5.22 5.24 4.05 4.24 5.67 7.49 6.98 6.76 5.37 3.35 4.38 4.64 3.94
OPM % 11.18% 10.03% 8.64% 7.67% 8.32% 11.30% 8.48% 8.94% 9.01% 5.72% 7.04% 7.11% 7.40%
-0.01 0.11 0.03 1.27 0.07 0.49 0.07 0.11 -0.17 0.80 0.01 0.22 0.05
Interest 1.29 1.11 1.23 1.25 1.35 1.13 1.25 1.59 1.41 1.28 1.45 1.47 1.38
Depreciation 0.48 0.54 0.56 0.50 0.50 0.57 0.53 0.53 0.56 0.55 0.56 0.58 0.57
Profit before tax 3.44 3.70 2.29 3.76 3.89 6.28 5.27 4.75 3.23 2.32 2.38 2.81 2.04
Tax % 25.29% 35.68% 24.89% 25.27% 25.19% 26.43% 25.24% 25.05% 25.39% 55.17% 25.21% 25.27% 25.00%
2.57 2.38 1.72 2.81 2.91 4.62 3.94 3.56 2.41 1.04 1.78 2.10 1.53
EPS in Rs 4.76 4.41 3.19 5.20 5.39 8.56 7.30 6.59 4.46 1.93 3.30 3.89 2.83
Raw PDF

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
197 202 211 224 176 161 231 208 178 153 237 276 239
187 193 201 213 167 151 215 195 166 138 215 253 223
Operating Profit 11 10 10 11 9 10 16 13 12 15 21 22 16
OPM % 6% 5% 5% 5% 5% 6% 7% 6% 7% 10% 9% 8% 7%
0 0 0 0 0 1 0 1 0 0 2 1 1
Interest 8 7 6 8 6 5 7 5 5 5 5 6 6
Depreciation 3 3 3 2 2 2 2 2 2 2 2 2 2
Profit before tax 0 0 2 2 1 4 7 7 5 8 16 16 10
Tax % 44% 94% 27% 35% 45% 31% 32% 24% 22% 30% 26% 30%
0 0 1 1 0 3 5 5 4 5 12 11 6
EPS in Rs 0.33 0.02 2.28 2.46 0.72 4.89 9.19 9.87 7.24 10.02 22.33 20.28 11.95
Dividend Payout % 200% 3,600% 29% 27% 92% 20% 11% 10% 14% 10% 4% 5%
Compounded Sales Growth
10 Years: 3%
5 Years: 4%
3 Years: 16%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 41%
TTM: -56%
Stock Price CAGR
10 Years: 29%
5 Years: 33%
3 Years: 17%
1 Year: 30%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 23%
Last Year: 22%

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 4 4 4 4 4 5 5 5 5 5 5 5 5
Reserves 8 8 9 10 10 10 14 19 22 27 38 49 53
61 56 52 70 58 64 65 63 63 62 65 68 70
18 12 23 10 9 8 22 28 10 42 28 22 17
Total Liabilities 91 79 87 94 80 87 106 115 100 136 137 145 145
20 19 16 15 20 20 22 24 22 21 19 19 19
CWIP 1 0 2 6 2 0 1 0 0 0 0 6 7
Investments 0 0 0 0 0 0 0 0 0 1 1 2 1
70 60 69 73 58 67 84 91 78 114 116 119 117
Total Assets 91 79 87 94 80 87 106 115 100 136 137 145 145

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
-2 8 12 -6 20 7 10 12 4 9 6 15
-2 5 -3 -5 -1 -6 -3 -3 -1 -2 1 -8
2 -12 -8 11 -19 1 -7 -8 -6 -7 -6 -7
Net Cash Flow -2 2 0 0 -0 2 -0 1 -3 0 1 1

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 70 56 60 68 60 67 61 71 59 98 72 64
Inventory Days 47 47 52 41 54 66 70 91 115 207 119 94
Days Payable 27 17 35 9 7 3 32 48 12 116 41 25
Cash Conversion Cycle 90 86 78 100 107 129 99 113 161 190 149 133
Working Capital Days 89 78 73 98 98 123 92 102 135 169 133 125
ROCE % 13% 11% 12% 13% 9% 11% 17% 14% 12% 14% 20% 18%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.49% 56.49% 56.49% 56.49% 56.49% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02%
0.00% 0.01% 0.00% 0.00% 0.00% 0.06% 0.00% 0.24% 0.24% 0.24% 0.24% 0.36%
43.51% 43.50% 43.51% 43.51% 43.51% 38.93% 38.97% 38.74% 38.74% 38.75% 38.74% 38.61%
No. of Shareholders 4,8254,5534,3775,0344,9404,4514,4095,1235,1925,4744,8775,172

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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