Is Hindustan Hardy a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindustan Hardy Ltd is a average quality company .

Is Hindustan Hardy undervalued or overvalued?

The key valuation ratios of Hindustan Hardy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Hindustan Hardy share price return in the past 10 years?

Hindustan Hardy Ltd share price has appreciated 23.8% annually (CAGR) over the past ten years.

Is Hindustan Hardy a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Hardy Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Hindustan Hardy?

The latest standalone P/E ratio of Hindustan Hardy as of 22-Apr-2025 is 27.71.

What is the P/B ratio of Hindustan Hardy?

The latest standalone P/B ratio of Hindustan Hardy as of 22-Apr-2025 is 5.36.

What is the 52-week high and low of Hindustan Hardy?

The 52-week high of Hindustan Hardy is Rs. 1277.10 and the 52-week low is Rs. 410.15.

Hindustan Hardy Ltd - Stock Valuation and Financial Performance

Name: Hindustan Hardy
Brand: Hindustan Hardy

BSE: 505893 | NSE: | Auto Ancillary | Small Cap

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Hind Hardy Share Price

₹965.70 158.10 19.58%
as on 22-Apr'25 16:59

DeciZen - make an informed investing decision on Hind Hardy

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Hindustan Hardy stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

27.71

Market Cap:

144.7 Cr.

52-wk low:

410.2

52-wk high:

1,277.1

Is Hindustan Hardy Ltd an attractive stock to invest in?

10 Year X-Ray of Hind Hardy: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-7.8%	11.5%	0.3%	11.4%	15.9%	3.4%	33.8%	29.2%	25.9%	27.5%	-
Value Creation Index ⓘ	-1.6	-0.2	-1.0	-0.2	0.1	-0.8	1.4	1.1	0.9	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	52.4	55.2	36.9	37.9	46.6	39.1	44.6	62.6	63.1	67.8	74
Sales YoY Gr.	-	5.4%	-33.2%	2.9%	22.9%	-16.1%	14.1%	40.3%	0.8%	7.5%	-
Adj EPS ⓘ	-6.8	1	-3.9	2.8	3	-0.6	21.5	24.3	23.8	32	34.9
YoY Gr.	-	NA	-490.9%	NA	5%	-121.6%	NA	13.4%	-2.1%	34.3%	-
BVPS (₹) ⓘ	52.4	55.5	49	54.4	57.7	56.4	76.8	99.8	123.7	155.5	180.2
Adj Net Profit ⓘ	-1	0.2	-0.6	0.4	0.4	-0.1	3.2	3.7	3.6	4.8	5
Cash Flow from Ops. ⓘ	2.4	2.6	1.1	2	0.4	3.6	1.7	0.8	5	6.4	-
Debt/CF from Ops. ⓘ	3	2.4	4.9	2	13.6	1	2.2	8.5	0.8	0.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.9%	7.8%	15%	7.5%
Adj EPS ⓘ	NA	61%	14.3%	34.3%
BVPSⓘ	12.9%	21.9%	26.5%	25.7%
Share Price	23.8%	76.1%	55.8%	99.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-11.6	1.8	-7.4	5.5	5.3	-1.1	32.2	27.6	21.3	22.9	20.8
Op. Profit Mgn % ⓘ	3.5	3.7	2.5	2.7	5.7	2	11.7	9.4	9.5	11.2	10.8
Net Profit Mgn % ⓘ	-1.9	0.3	-1.6	1.1	1	-0.3	7.2	5.8	5.7	7.1	7
Debt to Equity ⓘ	0.9	0.8	0.7	0.5	0.6	0.4	0.3	0.4	0.2	0.2	-
Working Cap Days ⓘ	132	129	189	181	160	181	171	143	149	147	79
Cash Conv. Cycle ⓘ	33	19	40	57	64	79	69	69	76	74	34

Recent Performance Summary

Latest Financials - Hindustan Hardy Ltd.

	Standalone	Consolidated
TTM EPS (₹)	34.9	-
TTM Sales (₹ Cr.)	74.4	-
BVPS (₹.) ⓘ	180.2	-
Reserves (₹ Cr.) ⓘ	25	-
P/BV ⓘ	5.36	-
PE ⓘ	27.71	-

From the Market
52 Week Low / High (₹)	410.15 / 1277.10
All Time Low / High (₹)	7.10 / 1277.10
Market Cap (₹ Cr.)	145
Equity (₹ Cr.)	1.5
Face Value (₹)	10
Industry PE ⓘ	44.2

Quarterly Results

Standalone Basis

Consolidated Basis

	Jun'24	YoY Gr. Rt. %	Sep'24	YoY Gr. Rt. %	Dec'24	YoY Gr. Rt. %	Mar'25	YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ	0	N/A	0	N/A	0	N/A	0	N/A
Adj EPS (₹) ⓘ	0	N/A	0	N/A	0	N/A	0	N/A
Op. Profit Mgn % ⓘ	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Profit Mgn % ⓘ	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Management X-Ray of Hind Hardy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Hind Hardy

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of Hind Hardy

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Peer Comparison

Company Name	CMP(₹)	Change ₹(%)	Market Cap	Net Sales (₹ Cr.)	Latest EPS (₹)	Net Profit Margin %	Latest P/E	Latest P/BV
TVS Holdings	9,123	133.6 (1.5%)	Small Cap	40,248	550.3	4.4	16.6	4.6
CIE Automotive India	424.1	2.5 (0.6%)	Small Cap	8,964	21.8	9.1	19.4	2.5
Varroc Engineering	451.9	13.4 (3.1%)	Small Cap	7,552	6.4	7.1	70.8	4.4
JBM Auto	701.7	-5.4 (-0.8%)	Small Cap	5,009	8.1	3.8	86.7	12.8
Minda Corporation	516.7	-5.3 (-1%)	Small Cap	4,651	11.5	4.9	45.1	5.7
Wheels India	704.6	16.4 (2.4%)	Small Cap	4,607	43.7	1.4	16.1	2
Steel Strips Wheels	198.8	-1 (-0.5%)	Small Cap	4,357	13.3	5	15	2.2
ZF Comm Vehic Contr	12,974.9	-82.4 (-0.6%)	Small Cap	3,784	229.1	10.5	56.6	8
Sandhar Tech	407.6	8.2 (2%)	Small Cap	3,521	22.4	3.1	18.2	2.2
Gabriel India	574.7	-1.9 (-0.3%)	Small Cap	3,343	14.7	5.6	39.2	7.3

Shows rows:

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Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	52	55	37	38	47	39	45	63	63	68
Operating Expenses ⓘ	51	53	36	37	44	38	39	57	57	60
Manufacturing Costs	4	4	5	5	6	5	5	8	8	8
Material Costs	32	33	20	20	25	20	22	34	34	36
Employee Cost	8	8	7	8	9	9	8	10	9	10
Other Costs ⓘ	7	7	4	4	4	5	4	5	6	7
Operating Profit ⓘ	1	2	1	1	3	1	5	6	6	8
Operating Profit Margin (%)	1.9%	3.7%	1.7%	2.7%	5.5%	2.0%	11.5%	9.4%	9.5%	11.1%
Other Income ⓘ	0	1	0	1	0	0	0	0	1	0
Interest ⓘ	1	1	1	0	0	0	0	0	0	0
Depreciation ⓘ	2	1	1	1	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-2	1	-1	1	2	0	4	5	5	7
Tax ⓘ	-1	0	0	0	1	0	1	1	1	2
Profit After Tax	-2	1	-1	1	0	0	3	4	4	5
PAT Margin (%)	-3.0%	1.0%	-2.1%	2.4%	0.8%	0.1%	7.1%	5.9%	6.1%	7.2%
Adjusted EPS (₹)	-10.5	3.7	-5.2	6.1	2.6	0.2	21.3	24.6	25.6	32.5
Dividend Payout Ratio (%)	0%	13%	0%	0%	46%	0%	9%	8%	9%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	8	8	7	8	9	8	12	15	19	23
Share Capital ⓘ	1	1	1	1	1	1	1	1	1	1
Reserves ⓘ	6	7	6	7	7	7	10	13	17	22
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	7	6	5	4	5	4	4	6	4	4
Long Term Debt	1	1	0	0	0	0	1	2	2	2
Short Term Debt	6	5	5	4	5	3	3	4	2	2
Trade Payables	10	11	7	8	8	8	10	9	10	11
Others Liabilities ⓘ	3	4	3	4	4	3	5	2	3	4
Total Liabilities ⓘ	27	29	23	24	26	23	30	33	36	43
Fixed Assets
Gross Block	20	20	5	6	6	8	8	11	12	12
Accumulated Depreciation	13	14	1	2	2	3	3	4	5	6
Net Fixed Assetsⓘ	6	6	4	4	4	5	5	7	7	7
CWIP ⓘ	1	0	1	0	0	0	1	0	0	4
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	5	5	4	4	5	5	5	5	6	7
Trade Receivables	11	11	9	12	13	10	17	19	20	20
Cash Equivalents	0	0	0	0	0	0	1	2	2	4
Others Assetsⓘ	4	6	6	4	3	2	2	1	1	1
Total Assets ⓘ	27	29	23	24	26	23	30	33	36	43

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	2	3	1	2	0	4	2	1	5	6
PBT ⓘ	-2	1	-1	1	2	0	4	5	5	7
Adjustment ⓘ	3	2	2	1	1	1	1	1	1	1
Changes in Working Capital ⓘ	2	-0	0	-0	-2	3	-3	-4	-0	1
Tax Paid ⓘ	0	0	0	0	-1	0	-1	-1	-1	-2
Cash Flow From Investing Activity ⓘ	-1	-1	1	0	-1	-1	-1	-2	-1	-4
Capex	-1	0	1	0	-1	-1	-1	-2	-1	-4
Net Investments	0	-1	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-2	-1	-2	-2	1	-3	0	2	-3	0
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1	0	0	0	0	0	1	0	0	0
Interest Paid ⓘ	-1	-1	-1	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	-1	-1	1	-2	-1	3	-3	0
Net Cash Flow ⓘ	0	0	0	0	0	0	1	1	1	2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-17.98	6.9	-9.99	11.81	4.66	0.37	31.92	27.82	22.91	23.28
ROCE (%)	-7.81	11.46	0.26	11.4	15.94	3.41	33.83	29.24	25.88	27.49
Asset Turnover Ratio	1.98	2.13	1.51	1.62	1.85	1.59	1.68	1.98	1.82	1.73
PAT to CFO Conversion(x)	N/A	3	N/A	2	N/A	N/A	0.67	0.25	1.25	1.2
Working Capital Days
Receivable Days	67	67	94	101	100	109	111	105	112	107
Inventory Days	34	30	40	36	37	49	43	29	31	34
Payable Days	102	114	168	144	123	146	147	106	108	109

Hindustan Hardy Ltd Stock News

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Hindustan Hardy Ltd FAQs

What is the share price of Hind Hardy?

Company share prices are keep on changing according to the market conditions. The closing price of Hind Hardy on 22-Apr-2025 16:59 is ₹965.7.

What is the market cap of Hind Hardy?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Apr-2025 16:59 the market cap of Hind Hardy stood at ₹144.7.

What is the P/E ratio of Hind Hardy?

The latest P/E ratio of Hind Hardy as of 22-Apr-2025 16:59 is 27.71.

What is the P/B ratio of Hind Hardy?

The latest P/B ratio of Hind Hardy as of 22-Apr-2025 16:59 is 5.36.

What is the 52-week high and low of Hind Hardy?

The 52-week high of Hind Hardy is ₹1,277.1 and the 52-week low is ₹410.1.

What is the TTM revenue of Hind Hardy?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Hardy is ₹74.40 ( Cr.) .

About Hindustan Hardy Ltd

Hindustan Hardy Spicer (HINDHARD) was incorporated in 1982 and got its present name in 1994. It is engaged in manufacturing propeller shafts and components under technical license from Hardy Spicer, UK and Gelenkwellenbau, Germany.

The registered office of the company is located at Bombay Footwear Building, Deonar Village Road, Mumbai-400088.

The company entered into a technical licence agreement with Glenkwellenban GmbH (GWB), for a period of 10 years. The collaboration agreement provided that, GWB would invest upto a maximum of 26% in the total equity capital i.e., upto a maximum of Rs 39.00 lakh.

Business area of the company:

It manufactures propeller shafts in the range of 1100 to 1800 series for the construction and agriculture equipment manufacturers, automotive and other sectors with an installed capacity of 245,000 propeller shafts. It has developed products like a two-piece propeller shaft for Mahindra Allwyn Nissan`s Cabston, US kit for Bajaj Tempo Matador FAS, journal and bearing races for Telco.

Clientele of the company includes:

Ashok Leyland, Bajaj Tempo, Hindustan Motors, Volvo India, Eicher, Tata Iron & Steel Company, Apex Innovation, Laxmi Machine Works, and Jindal Iron & Steel Company, among others. Exports to UK, Sri Lanka and Nepal have picked up, which contribute around 40% to the turnover.

Awards and recognition: