BSE: 544105 | NSE: | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Harshdeep Hortico Ltd is a below average quality company.
The key valuation ratios of Harshdeep Hortico Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Harshdeep Hortico Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | -5.7% | 50.5% | - |
| Value Creation Index ⓘ | -1.4 | 2.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 0 | 48.3 | 48 |
| Sales YoY Gr. | - | NA | - |
| Adj EPS ⓘ | 0 | 4.1 | 4.1 |
| YoY Gr. | - | NA | - |
| BVPS (₹) ⓘ | 0.1 | 23.1 | 23.1 |
| Adj Net Profit ⓘ | 0 | 6.6 | 7 |
| Cash Flow from Ops. ⓘ | 0 | -14.9 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | 38350% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | -5.7 | 35.3 | 17.6 |
| Op. Profit Mgn % ⓘ | 0 | 22.2 | NAN |
| Net Profit Mgn % ⓘ | 0 | 13.6 | 13.6 |
| Debt to Equity ⓘ | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 123 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 66 | 0 |
Return on Equity has increased versus last 3 years average to 17.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.1 | - |
| TTM Sales (₹ Cr.) | 48.3 | - |
| BVPS (₹.) ⓘ | 23.1 | - |
| Reserves (₹ Cr.) ⓘ | 21 | - |
| P/BV ⓘ | 3.04 | - |
| PE ⓘ | 17.22 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 39.00 / 86.00 |
| All Time Low / High (₹) | 39.00 / 86.00 |
| Market Cap (₹ Cr.) | 113 |
| Equity (₹ Cr.) | 16.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.5 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 0 | 48 |
| Operating Expenses ⓘ | 0 | 38 |
| Manufacturing Costs | 0 | 7 |
| Material Costs | 0 | 20 |
| Employee Cost | 0 | 2 |
| Other Costs ⓘ | 0 | 9 |
| Operating Profit ⓘ | 0 | 11 |
| Operating Profit Margin (%) | - | 22.2% |
| Other Income ⓘ | 0 | 0 |
| Interest ⓘ | 0 | 1 |
| Depreciation ⓘ | 0 | 1 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 9 |
| Tax ⓘ | 0 | 2 |
| Profit After Tax | 0 | 7 |
| PAT Margin (%) | - | 13.6% |
| Adjusted EPS (₹) | 0.0 | 4.1 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 37 | ||||||||
| Share Capital ⓘ | 0 | 16 | ||||||||
| Reserves ⓘ | 0 | 21 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 0 | 0 | ||||||||
| Long Term Debt | 0 | 0 | ||||||||
| Short Term Debt | 0 | 0 | ||||||||
| Trade Payables | 0 | 4 | ||||||||
| Others Liabilities ⓘ | 0 | 4 | ||||||||
| Total Liabilities ⓘ | 0 | 45 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 12 | ||||||||
| Accumulated Depreciation | 0 | 1 | ||||||||
| Net Fixed Assetsⓘ | 0 | 11 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 0 | 12 | ||||||||
| Trade Receivables | 0 | 11 | ||||||||
| Cash Equivalents | 0 | 2 | ||||||||
| Others Assetsⓘ | 0 | 10 | ||||||||
| Total Assets ⓘ | 0 | 45 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -15 |
| PBT ⓘ | 0 | 9 |
| Adjustment ⓘ | 0 | 2 |
| Changes in Working Capital ⓘ | 0 | -24 |
| Tax Paid ⓘ | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | 0 | -13 |
| Capex | 0 | -12 |
| Net Investments | 0 | 0 |
| Others ⓘ | 0 | -1 |
| Cash Flow From Financing Activityⓘ | 0 | 30 |
| Net Proceeds from Shares ⓘ | 0 | 31 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 2 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 35.24 | ||||||||
| ROCE (%) | N/A | 50.46 | ||||||||
| Asset Turnover Ratio | 0 | 2.15 | ||||||||
| PAT to CFO Conversion(x) | N/A | -2.14 | Working Capital Days | |||||||
| Receivable Days | 0 | 83 | ||||||||
| Inventory Days | 0 | 91 | ||||||||
| Payable Days | 0 | 37 | ||||||||
Harshdeep Hortico Limited was originally incorporated as a Limited Company under the name ‘Harshdeep Hortico Limited’ on December 30, 2022 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra. Later, on April 03, 2023, the Company took over the business of proprietorship concern of the promoter Hitesh Chunilal Shah, namely M/s Harshdeep Agro Products along with the assets and liabilities of the proprietorship concern as going concern.
The company is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can. Apart from this recently it has also entered into the field of Roto Moulded Outdoor Furniture. The company has accreditation with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 for quality management system from Sigma Certification Pty Ltd. The company’s product portfolio comprises of many different variants of pots, planters and related accessories which are available in multiple size and color.
The company has two manufacturing units, one is situated at Elkunde, Bhiwandi, Thane and the other one is situated at Boriaind, Daund, Pune, along with three stores located in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh). Apart from these manufacturing units and stores, it has Distributors at Hyderabad, Kolkata, Chandigarh and Visakhapatnam, who are exclusively dealing in its products. The company provides an Omni-channel experience to customers through its website, various online marketplaces such as Amazon and Flipkart, as well as, social media platforms like Facebook and Instagram to promote its products.
Business area of the company
The company is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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