Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hira Automobiles Ltd is a below average quality company.
The key valuation ratios of Hira Automobiles Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hira Automobiles 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 % ⓘ | 8.8% | 8.9% | 9.9% | 10% | 10.1% | 6.7% | 8.2% | 9.7% | 10.2% | 9.6% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.3 | -0.3 | -0.3 | -0.5 | -0.4 | -0.3 | -0.3 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 324 | 310 | 322 | 356 | 371 | 277 | 204 | 224 | 249 | 262 | 262 |
| Sales YoY Gr. | - | -4.1% | 3.8% | 10.4% | 4.3% | -25.3% | -26.3% | 9.8% | 11% | 5.3% | - |
| Adj EPS ⓘ | 4.2 | 2.2 | 2.9 | 1.4 | 4 | -2.5 | 0.9 | 2.2 | 2.2 | 2.4 | 2.5 |
| YoY Gr. | - | -47.7% | 32.4% | -51% | 181.7% | -163% | NA | 138.5% | 1.8% | 10% | - |
| BVPS (₹) ⓘ | 30.6 | 32.7 | 36.5 | 37.8 | 43.1 | 41.7 | 42.2 | 44.4 | 47.2 | 49.7 | 49.7 |
| Adj Net Profit ⓘ | 1.2 | 0.6 | 0.8 | 0.4 | 1.1 | -0.7 | 0.3 | 0.6 | 0.6 | 0.7 | 1 |
| Cash Flow from Ops. ⓘ | -1.1 | 7.8 | 2.4 | -4.6 | 2.6 | 13.5 | 12.1 | 6.5 | 10.5 | 5.4 | - |
| Debt/CF from Ops. ⓘ | -61.5 | 7.7 | 27.1 | -18.3 | 34.6 | 5.8 | 6.4 | 11.8 | 7.4 | 15.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.3% | -6.7% | 8.7% | 5.3% | ||||
| Adj EPS ⓘ | -5.9% | -9.5% | 38.7% | 10% | ||||
| BVPSⓘ | 5.5% | 2.9% | 5.6% | 5.4% | ||||
| Share Price | - | - | - | 186.5% | ||||
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 % ⓘ | 14.6 | 6.9 | 8.4 | 3.8 | 9.9 | -5.9 | 2.2 | 5 | 4.8 | 5 | 5 |
| Op. Profit Mgn % ⓘ | 2.1 | 2.5 | 2.6 | 2.8 | 3 | 2.7 | 4.2 | 4.3 | 4.1 | 3.9 | 3.9 |
| Net Profit Mgn % ⓘ | 0.4 | 0.2 | 0.3 | 0.1 | 0.3 | -0.3 | 0.1 | 0.3 | 0.2 | 0.3 | 0.3 |
| Debt to Equity ⓘ | 8.3 | 6.7 | 6.4 | 8.1 | 7.7 | 6.9 | 6.7 | 6.3 | 6 | 6 | 1.5 |
| Working Cap Days ⓘ | 74 | 77 | 73 | 74 | 81 | 110 | 144 | 131 | 118 | 115 | 61 |
| Cash Conv. Cycle ⓘ | 53 | 60 | 63 | 62 | 66 | 89 | 115 | 103 | 96 | 96 | 20 |
Return on Equity has increased versus last 3 years average to 5.00%
Net Profit is growing at healthy rate in last 3 years 38.74%
Sales growth has been subdued in last 3 years 8.69%
Debt to equity has increased versus last 3 years average to 6.01
Sales growth is not so good in last 4 quarters at -0.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.5 | - |
| TTM Sales (₹ Cr.) | 262 | - |
| BVPS (₹.) ⓘ | 49.7 | - |
| Reserves (₹ Cr.) ⓘ | 11 | - |
| P/BV ⓘ | 1.43 | - |
| PE ⓘ | 28.92 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 26.10 / 71.22 |
| All Time Low / High (₹) | 10.00 / 71.22 |
| Market Cap (₹ Cr.) | 19.6 |
| Equity (₹ Cr.) | 2.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.3 |
| 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 | 323.73 | 310.37 | 322.08 | 355.69 | 370.83 | 277.02 | 204.24 | 224.32 | 248.96 | 262.22 |
| Operating Expenses ⓘ | 316.91 | 302.55 | 313.78 | 345.87 | 359.83 | 269.44 | 195.67 | 214.70 | 238.89 | 252.11 |
| Manufacturing Costs | 1.59 | 1.43 | 1.73 | 1.71 | 1.80 | 1.43 | 1.01 | 1.40 | 1.72 | 2.01 |
| Material Costs | 295.59 | 282.49 | 292.46 | 321.90 | 334.32 | 246.76 | 182.14 | 199.21 | 222.28 | 232.61 |
| Employee Cost | 12.94 | 12.66 | 12.58 | 14.43 | 14.89 | 14.01 | 7.76 | 9.13 | 9.19 | 10.67 |
| Other Costs ⓘ | 6.79 | 5.97 | 7.01 | 7.84 | 8.81 | 7.24 | 4.76 | 4.97 | 5.70 | 6.83 |
| Operating Profit ⓘ | 6.82 | 7.83 | 8.30 | 9.82 | 11 | 7.58 | 8.57 | 9.61 | 10.07 | 10.11 |
| Operating Profit Margin (%) | 2.1% | 2.5% | 2.6% | 2.8% | 3.0% | 2.7% | 4.2% | 4.3% | 4.0% | 3.9% |
| Other Income ⓘ | 0.53 | 0.14 | 0.36 | 0.21 | 0.22 | 0.72 | 0.19 | 0.41 | 0.44 | 0.24 |
| Interest ⓘ | 4.16 | 5.60 | 5.86 | 7.22 | 8.15 | 7.39 | 6.98 | 7.92 | 8.13 | 7.79 |
| Depreciation ⓘ | 1.56 | 1.36 | 1.53 | 1.59 | 1.78 | 1.74 | 1.43 | 1.39 | 1.37 | 1.34 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0.51 | -0.12 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.63 | 1 | 1.27 | 1.22 | 1.80 | -0.94 | 0.35 | 0.71 | 1.02 | 1.21 |
| Tax ⓘ | 0.47 | 0.40 | 0.47 | 0.82 | 0.35 | -0.56 | 0.06 | 0.09 | 0.27 | 0.53 |
| Profit After Tax | 1.15 | 0.60 | 0.80 | 0.40 | 1.45 | -0.38 | 0.29 | 0.62 | 0.75 | 0.68 |
| PAT Margin (%) | 0.4% | 0.2% | 0.2% | 0.1% | 0.4% | -0.1% | 0.1% | 0.3% | 0.3% | 0.3% |
| Adjusted EPS (₹) | 4.2 | 2.2 | 2.9 | 1.5 | 5.3 | -1.4 | 1.1 | 2.2 | 2.7 | 2.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 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 | 8.43 | 8.99 | 10.06 | 10.42 | 11.87 | 11.49 | 11.62 | 12.23 | 12.98 | 13.68 |
| Share Capital ⓘ | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 | 2.75 |
| Reserves ⓘ | 5.68 | 6.24 | 7.30 | 7.66 | 9.12 | 8.73 | 8.86 | 9.48 | 10.23 | 10.93 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 68.51 | 59.57 | 63.04 | 82.77 | 90.08 | 77.47 | 72.54 | 73.83 | 72.94 | 78.57 |
| Long Term Debt | 9.01 | 10.20 | 13.99 | 17.19 | 17.06 | 18.02 | 27.74 | 28.62 | 27.11 | 27.81 |
| Short Term Debt | 59.50 | 49.36 | 49.05 | 65.58 | 73.02 | 59.45 | 44.80 | 45.21 | 45.83 | 50.76 |
| Trade Payables | 6.12 | 1.50 | 0.46 | 1.08 | 1.07 | 0.98 | 1.44 | 0.47 | 1.08 | 0.63 |
| Others Liabilities ⓘ | 13.32 | 13.23 | 12.56 | 7.26 | 7.28 | 6.95 | 10.80 | 7.89 | 9.08 | 8.43 |
| Total Liabilities ⓘ | 96.38 | 83.29 | 86.12 | 101.53 | 110.30 | 96.89 | 96.40 | 94.42 | 96.09 | 101.31 |
Fixed Assets | ||||||||||
| Gross Block | 22.27 | 23.51 | 16.60 | 16.60 | 19.91 | 16.49 | 16.63 | 16.95 | 18.35 | 18.57 |
| Accumulated Depreciation | 5.56 | 6.69 | 1.53 | 1.27 | 2.43 | 1.98 | 3.25 | 4.50 | 5.58 | 6.69 |
| Net Fixed Assetsⓘ | 16.71 | 16.82 | 15.08 | 15.33 | 17.48 | 14.51 | 13.38 | 12.45 | 12.77 | 11.87 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0.58 | 0.58 | 0.58 | 0.15 | 0 | 0 | 0 | 0 |
| Inventories | 40.49 | 41.21 | 40.19 | 45.73 | 48.73 | 42.54 | 42.44 | 41.36 | 45.07 | 45.05 |
| Trade Receivables | 13.92 | 14.37 | 16.68 | 19.17 | 22.27 | 24.20 | 22.21 | 23.19 | 22.93 | 26.52 |
| Cash Equivalents | 11.56 | 3.70 | 3.75 | 7.43 | 5.89 | 1.93 | 2.13 | 1.83 | 1.85 | 3.88 |
| Others Assetsⓘ | 13.70 | 7.20 | 9.85 | 13.30 | 15.35 | 13.57 | 16.24 | 15.59 | 13.46 | 13.99 |
| Total Assets ⓘ | 96.38 | 83.29 | 86.12 | 101.53 | 110.30 | 96.89 | 96.40 | 94.42 | 96.09 | 101.31 |
| 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 ⓘ | -1.14 | 7.83 | 2.37 | -4.59 | 2.64 | 13.52 | 12.09 | 6.53 | 10.52 | 5.38 |
| PBT ⓘ | 1.63 | 1 | 1.27 | 1.22 | 1.80 | -0.94 | 0.35 | 0.71 | 1.02 | 1.21 |
| Adjustment ⓘ | 5.72 | 7.03 | 7.01 | 8.76 | 9.33 | 8.28 | 8.09 | 9.05 | 9.29 | 8.99 |
| Changes in Working Capital ⓘ | -7.94 | 0.11 | -5.42 | -14.08 | -8.13 | 6.18 | 3.88 | -3.02 | 0.46 | -4.35 |
| Tax Paid ⓘ | -0.55 | -0.28 | -0.49 | -0.49 | -0.37 | 0 | -0.23 | -0.21 | -0.25 | -0.48 |
| Cash Flow From Investing Activity ⓘ | -1.66 | -1.90 | -0.36 | 1.88 | -3.93 | 1.67 | -0.30 | -0.46 | -1.69 | -1.33 |
| Capex | -1.34 | -1.53 | -0.36 | -0.36 | -3.93 | 1.24 | -0.30 | -0.46 | -1.69 | -0.44 |
| Net Investments | -0.32 | -0.37 | 0 | 2.24 | 0 | 0.43 | 0 | 0 | 0 | -0.90 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 9.99 | -13.78 | -1.95 | -3.85 | -0.24 | -19.15 | -11.59 | -6.38 | -8.80 | -2.03 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4.87 | 1.96 | 0 | 2.17 | 0 | 0 | -4.93 | 1.29 | -0.88 | 5.62 |
| Interest Paid ⓘ | -4.16 | -5.60 | -5.48 | -5.71 | -7.55 | -6.55 | -6.66 | -7.66 | -7.92 | -7.65 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 19.02 | -10.14 | 3.53 | -0.31 | 7.30 | -12.61 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 7.19 | -7.86 | 0.06 | -6.57 | -1.54 | -3.96 | 0.20 | -0.30 | 0.03 | 2.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.62 | 6.94 | 8.37 | 3.93 | 13.05 | -3.3 | 2.49 | 5.16 | 5.95 | 5.09 |
| ROCE (%) | 8.81 | 8.92 | 9.93 | 10 | 10.06 | 6.66 | 8.19 | 9.67 | 10.15 | 9.64 |
| Asset Turnover Ratio | 3.57 | 3.45 | 3.8 | 3.79 | 3.5 | 2.67 | 2.11 | 2.35 | 2.61 | 2.66 |
| PAT to CFO Conversion(x) | -0.99 | 13.05 | 2.96 | -11.48 | 1.82 | N/A | 41.69 | 10.53 | 14.03 | 7.91 | Working Capital Days |
| Receivable Days | 16 | 17 | 18 | 18 | 20 | 31 | 41 | 37 | 34 | 34 |
| Inventory Days | 46 | 48 | 46 | 44 | 46 | 60 | 76 | 68 | 63 | 63 |
| Payable Days | 9 | 5 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 |
Hira Automobiles is a company formed in 1989 and is promoted by Mrs.Rajinder Kaur Bhattal (Ex Chief Minister Punjab) and her family. This company is the authorized dealer of Maruti Suzuki India Ltd since its inception has become a household name for its product and services in South Punjab. Named after the famous freedom fighter Baba Hira Singh Bhattal this company carries forward his values by running the business ethically and with focus on service and customer convenience.
Hira Automobiles, an ISO certified company, started from a small industrial plot in Factory Area Patiala and is now spread across various locations. It covers the districts of Patiala and Muktsar with outlets for Sales, Service, Spares, Insurance, accessories and used cars at Patiala, Rajpura, Muktsar, Nabha, Patran, Devigarh, Malout, Gidderbaha and Bhadson. It provides for one stop solution for all Maruti needs.
The company is an authorized dealer of Maruti Suzuki India Ltd. for purchase and sale of Motor Vehicles, Spare parts and service of its vehicles. The company also deals in pre-owned car sales and purchase. The other activities carried out in the company are getting vehicles financed from banks and NBFCs, dealing in insurance business and running of Maruti Driving School. The company is Public Company listed on Bombay Stock Exchange in India and is incorporated under the provision of the Companies Act, 1956 as replaced by the Companies Act, 2013 applicable in India. Its principal place of business is located in Patiala, further branches are in the district Patiala and district Muktsar of Punjab.
Business area of the company
The company is an authorized dealer of Maruti Suzuki India and is engaged in selling and providing after sale services of all its Brands. The Company is also carrying on the insurance of vehicles being sold as an agent of Motor Insurance Companies. The Company foresees tough competition in selling of cars in future as well as present in sales due to economic slowdown.
Awards and accreditations
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
