BSE: 590018 | NSE: HISARMETAL | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Hisar Metal Industries Ltd is a average quality company.
The key valuation ratios of Hisar Metal Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hisar Metal Industries 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.1% | 9% | 11.2% | 17.2% | 14% | 11.5% | 13.7% | 20.9% | 18.3% | 11.2% | - |
| Value Creation Index ⓘ | -0.1 | -0.4 | -0.2 | 0.2 | -0 | -0.2 | 0.0 | 0.5 | 0.3 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 224 | 176 | 161 | 231 | 208 | 178 | 153 | 237 | 276 | 241 | 243 |
| Sales YoY Gr. | - | -21.3% | -8.4% | 43.2% | -10.1% | -14.3% | -14.1% | 54.8% | 16.7% | -12.5% | - |
| Adj EPS ⓘ | 2.4 | 0.7 | 4.8 | 9 | 9.8 | 7.2 | 10 | 20.5 | 19.6 | 11.6 | 8.5 |
| YoY Gr. | - | -70% | 572.2% | 85.5% | 9.6% | -26.6% | 38.8% | 104.2% | -4.1% | -41.1% | - |
| BVPS (₹) ⓘ | 24.4 | 24.3 | 28 | 35.9 | 44.6 | 50.8 | 59.9 | 81.2 | 100.5 | 111.4 | 115.1 |
| Adj Net Profit ⓘ | 1.3 | 0.4 | 2.6 | 4.9 | 5.3 | 3.9 | 5.4 | 11.1 | 10.6 | 6.2 | 5 |
| Cash Flow from Ops. ⓘ | -5.6 | 19.6 | 6.7 | 9.5 | 12 | 4.1 | 8.7 | 6.2 | 15.5 | 9.8 | - |
| Debt/CF from Ops. ⓘ | -12.5 | 3 | 9.6 | 6.8 | 5.2 | 15.5 | 7.1 | 10.4 | 4.4 | 8.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.9% | 3.1% | 16.5% | -12.5% | ||||
| Adj EPS ⓘ | 19.1% | 3.3% | 4.9% | -41.1% | ||||
| BVPSⓘ | 18.4% | 20.1% | 23% | 10.9% | ||||
| Share Price | 26.7% | 25.8% | 10.2% | -25.3% | ||||
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 % ⓘ | 10.2 | 3 | 18.5 | 28.1 | 24.4 | 15.1 | 18.1 | 29 | 21.6 | 10.9 | 7.5 |
| Op. Profit Mgn % ⓘ | 4.9 | 4.8 | 6 | 6.8 | 6.2 | 6.9 | 9.5 | 9.1 | 8.1 | 6.7 | 6 |
| Net Profit Mgn % ⓘ | 0.6 | 0.2 | 1.6 | 2.1 | 2.6 | 2.2 | 3.5 | 4.7 | 3.8 | 2.6 | 1.9 |
| Debt to Equity ⓘ | 5.4 | 4.4 | 4.3 | 3.3 | 2.6 | 2.3 | 1.9 | 1.5 | 1.3 | 1.3 | 0.3 |
| Working Cap Days ⓘ | 98 | 114 | 118 | 108 | 143 | 164 | 222 | 172 | 149 | 189 | 98 |
| Cash Conv. Cycle ⓘ | 71 | 97 | 99 | 82 | 100 | 126 | 157 | 114 | 112 | 138 | 38 |
Sales growth is growing at healthy rate in last 3 years 16.47%
Return on Equity has declined versus last 3 years average to 7.50%
Net Profit has been subdued in last 3 years 4.85%
Debt to equity has increased versus last 3 years average to 1.34
Sales growth is not so good in last 4 quarters at -1.27%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.5 | - |
| TTM Sales (₹ Cr.) | 243 | - |
| BVPS (₹.) ⓘ | 115.1 | - |
| Reserves (₹ Cr.) ⓘ | 57 | - |
| P/BV ⓘ | 1.46 | - |
| PE ⓘ | 19.79 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 159.85 / 235.20 |
| All Time Low / High (₹) | 9.33 / 251.50 |
| Market Cap (₹ Cr.) | 90.5 |
| Equity (₹ Cr.) | 5.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 21.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 223.70 | 175.96 | 161.19 | 230.76 | 207.55 | 177.84 | 152.81 | 236.59 | 276.03 | 241.43 |
| Operating Expenses ⓘ | 212.69 | 167.48 | 151.45 | 215.13 | 194.77 | 165.61 | 138.24 | 215.15 | 253.57 | 225.37 |
| Manufacturing Costs | 18.50 | 17.77 | 19.95 | 25.15 | 26.06 | 23.48 | 18.57 | 24.03 | 26.54 | 24.32 |
| Material Costs | 190.50 | 146.33 | 124.68 | 181.65 | 159.50 | 132.87 | 110.78 | 177.84 | 212.47 | 185.42 |
| Employee Cost | 2.64 | 2.54 | 4.03 | 5.97 | 6.15 | 6.20 | 6.19 | 7.79 | 8.65 | 9.29 |
| Other Costs ⓘ | 1.05 | 0.84 | 2.79 | 2.36 | 3.05 | 3.06 | 2.70 | 5.48 | 5.92 | 6.34 |
| Operating Profit ⓘ | 11.01 | 8.47 | 9.74 | 15.63 | 12.79 | 12.24 | 14.57 | 21.44 | 22.46 | 16.06 |
| Operating Profit Margin (%) | 4.9% | 4.8% | 6.0% | 6.8% | 6.2% | 6.9% | 9.5% | 9.1% | 8.1% | 6.7% |
| Other Income ⓘ | 0.25 | 0.17 | 0.51 | 0.28 | 1.22 | 0.27 | 0.28 | 1.87 | 0.81 | 0.97 |
| Interest ⓘ | 7.70 | 6.24 | 4.61 | 6.78 | 4.92 | 5.18 | 4.95 | 4.96 | 5.53 | 6.38 |
| Depreciation ⓘ | 1.51 | 1.70 | 1.82 | 1.84 | 2.09 | 2.31 | 2.15 | 2.13 | 2.17 | 2.28 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.05 | 0.71 | 3.83 | 7.29 | 7 | 5.02 | 7.75 | 16.22 | 15.57 | 8.36 |
| Tax ⓘ | 0.73 | 0.32 | 1.20 | 2.32 | 1.68 | 1.11 | 2.35 | 4.16 | 4.62 | 1.89 |
| Profit After Tax | 1.33 | 0.39 | 2.64 | 4.96 | 5.33 | 3.91 | 5.41 | 12.06 | 10.95 | 6.47 |
| PAT Margin (%) | 0.6% | 0.2% | 1.6% | 2.2% | 2.6% | 2.2% | 3.5% | 5.1% | 4.0% | 2.7% |
| Adjusted EPS (₹) | 2.5 | 0.7 | 4.9 | 9.2 | 9.9 | 7.2 | 10.0 | 22.3 | 20.3 | 12.0 |
| Dividend Payout Ratio (%) | 27% | 93% | 20% | 11% | 10% | 14% | 10% | 4% | 5% | 8% |
| 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 | 13.15 | 13.11 | 15.10 | 19.41 | 24.08 | 27.45 | 32.32 | 43.84 | 54.25 | 60.18 |
| Share Capital ⓘ | 3.60 | 3.60 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 | 5.40 |
| Reserves ⓘ | 9.55 | 9.51 | 9.70 | 14.01 | 18.68 | 22.05 | 26.92 | 38.44 | 48.85 | 54.78 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 70.39 | 57.99 | 63.98 | 64.33 | 62.08 | 62.16 | 61.59 | 63.86 | 67.48 | 79.24 |
| Long Term Debt | 7.99 | 8.84 | 11.42 | 11.40 | 18.09 | 20.77 | 19.69 | 19.03 | 18.25 | 19.80 |
| Short Term Debt | 62.40 | 49.15 | 52.55 | 52.93 | 43.98 | 41.39 | 41.90 | 44.83 | 49.23 | 59.43 |
| Trade Payables | 4.88 | 2.85 | 0.98 | 15.75 | 21.08 | 4.51 | 35.09 | 20.15 | 14.67 | 21 |
| Others Liabilities ⓘ | 5.37 | 6.08 | 7.10 | 6.28 | 7.28 | 6.17 | 7.13 | 8.76 | 8.56 | 9.38 |
| Total Liabilities ⓘ | 93.79 | 80.03 | 87.16 | 105.78 | 114.52 | 100.29 | 136.13 | 136.61 | 144.97 | 169.78 |
Fixed Assets | ||||||||||
| Gross Block | 38.79 | 45.33 | 47.70 | 50.51 | 53.99 | 54.91 | 55.62 | 55.80 | 57.33 | 66.19 |
| Accumulated Depreciation | 24.06 | 25.46 | 27.27 | 29 | 30.36 | 32.68 | 34.82 | 36.82 | 38.66 | 40.94 |
| Net Fixed Assetsⓘ | 14.73 | 19.86 | 20.44 | 21.50 | 23.62 | 22.23 | 20.79 | 18.98 | 18.66 | 25.25 |
| CWIP ⓘ | 6.18 | 1.76 | 0.07 | 0.70 | 0 | 0 | 0 | 0 | 6.03 | 3.26 |
| Investmentsⓘ | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 1.20 | 1.32 | 1.50 | 1.48 |
| Inventories | 21.57 | 21.75 | 22.38 | 34.76 | 39.76 | 41.69 | 62.94 | 57.98 | 54.83 | 66.89 |
| Trade Receivables | 41.68 | 28.76 | 29.44 | 38.49 | 40.11 | 28.82 | 41.04 | 46.39 | 48.33 | 50.08 |
| Cash Equivalents | 3.99 | 3.63 | 5.28 | 5.18 | 6.22 | 3.17 | 3.39 | 4.25 | 4.83 | 4.34 |
| Others Assetsⓘ | 5.64 | 4.25 | 9.54 | 5.14 | 4.81 | 4.38 | 6.76 | 7.68 | 10.78 | 18.49 |
| Total Assets ⓘ | 93.79 | 80.03 | 87.16 | 105.78 | 114.52 | 100.29 | 136.13 | 136.61 | 144.97 | 169.78 |
| 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 ⓘ | -5.63 | 19.59 | 6.68 | 9.50 | 12.04 | 4.06 | 8.73 | 6.23 | 15.49 | 9.80 |
| PBT ⓘ | 2.05 | 0.71 | 3.83 | 7.29 | 7 | 5.02 | 7.75 | 16.22 | 15.57 | 8.36 |
| Adjustment ⓘ | 9.20 | 7.97 | 6.42 | 8.56 | 7.02 | 7.49 | 7.11 | 5.71 | 7.67 | 7.87 |
| Changes in Working Capital ⓘ | -16.09 | 11.11 | -2.68 | -3.95 | 0.15 | -7.01 | -4.2 | -11.86 | -3.3 | -3.6 |
| Tax Paid ⓘ | -0.80 | -0.20 | -0.89 | -2.40 | -2.13 | -1.44 | -1.93 | -3.85 | -4.45 | -2.83 |
| Cash Flow From Investing Activity ⓘ | -4.80 | -0.88 | -5.98 | -2.52 | -3.17 | -1.37 | -1.93 | 0.79 | -8.03 | -5.35 |
| Capex | -4.17 | -2.45 | -0.70 | -3.47 | -3.17 | -1.37 | -0.71 | 0.91 | -7.85 | -6.09 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1.20 | -0.11 | -0.18 | 0.01 |
| Others ⓘ | -0.63 | 1.58 | -5.29 | 0.95 | 0 | 0 | -0.02 | -0.01 | 0 | 0.73 |
| Cash Flow From Financing Activityⓘ | 10.60 | -19.08 | 0.95 | -7.07 | -7.82 | -5.74 | -6.57 | -6.16 | -6.88 | -4.95 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.29 | 0.85 | 2.59 | -0.02 | 6.69 | 2.68 | -1.08 | -0.66 | -0.78 | 1.55 |
| Interest Paid ⓘ | -7.70 | -6.24 | -4.61 | -6.78 | -4.92 | -5.18 | -4.95 | -4.96 | -5.53 | -6.38 |
| Dividend Paid ⓘ | -0.36 | -0.36 | -0.36 | -0.54 | -0.54 | -0.54 | -0.54 | -0.54 | -0.54 | -0.54 |
| Others ⓘ | 18.95 | -13.32 | 3.33 | 0.27 | -9.06 | -2.71 | 0 | 0 | -0.02 | 0.42 |
| Net Cash Flow ⓘ | 0.17 | -0.36 | 1.65 | -0.10 | 1.04 | -3.05 | 0.22 | 0.86 | 0.58 | -0.49 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.46 | 2.95 | 18.7 | 28.77 | 24.49 | 15.18 | 18.09 | 31.67 | 22.33 | 11.3 |
| ROCE (%) | 13.07 | 8.97 | 11.22 | 17.24 | 13.97 | 11.51 | 13.74 | 20.87 | 18.25 | 11.19 |
| Asset Turnover Ratio | 2.77 | 2.27 | 2.16 | 2.45 | 1.88 | 1.66 | 1.29 | 1.73 | 1.96 | 1.53 |
| PAT to CFO Conversion(x) | -4.23 | 50.23 | 2.53 | 1.92 | 2.26 | 1.04 | 1.61 | 0.52 | 1.41 | 1.51 | Working Capital Days |
| Receivable Days | 56 | 65 | 59 | 52 | 69 | 71 | 83 | 67 | 63 | 74 |
| Inventory Days | 34 | 40 | 45 | 44 | 66 | 84 | 125 | 93 | 75 | 92 |
| Payable Days | 21 | 10 | 6 | 17 | 42 | 35 | 65 | 57 | 30 | 35 |
Hisar Metal Industries was set up at Hisar, Haryana in the year 1991 to produce high pecision, utra thin stainless steel strips. Hisar is popularly known as the ‘Stainless Steel City of India.
Over the years, Hisar Metal has achieved phenomenal growth. Utilising state-of-the-art-technology and high precision imported machinery, they are able to manufacture ultra thin (upto 0.05mm) high precision stainless steel strips with dimensional accuracy, excellent flatness and smooth surface finish.
Stainless steel, since its first cast in the year 1913, has come a long way. Today, stainless steel is widely used not only by the heavy industries but also by small and medium industries that manufacture our day to day utility products. The demand base of the Indian stainless steel industry is second to textile industry in terms of sheer magnitude. No doubt stainless steel is called - the versatile metal, because of its numerous applications and extra ordinary properties.
Backed by a dedicated, skilled technical workforce and a flair to excel in providing services made it possible for Hisar Metal to stand out as one of the leading suppliers of high quality stainless steel strips to the domestic as well as overseas markets.
The company has its own captive power supply to sustain internal consumption. Recently installed 6.5 MW gensets cater to their needs in excess to their requirement supply of power all the time.
Ever since their inception, they have been keen on increasing their presence in newer markets. Their efforts have paid good dividends and today their products are exported to Australia, USA, China, Pakistan, Bangladesh, Korea and Germany.
To cater to the increasing demand from these countries and in order to increase their basket in future, they have successfully commissioned the latest 6hi mill and BA line.
Products manuffactured by the company:
High precision, ultra thin stainless steel strips for the use in Automotive Parts, Camera, Clamps, Engine Gasket, Fiber Optics, Metal Hose, etc.
Achievements/ recognition:
It is an ISO 9001 certified company.
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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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