Hindustan Hardy Ltd

Hindustan Hardy Ltd

₹ 1,034 1.79%
22 Nov 9:36 a.m.
About

Hindustan Hardy manufactures propeller shafts (mechanical devices that transfer power from engines or motors to the point of application). The company is promoted by XLO India Ltd. [1]

Key Points

Holding Company[1]
The company is a subsidiary of XLO India Private Limited (formerly XLO India Limited).
XLO INDIA Ltd. is a closely held public limited company with 45% share holding with Unit Trust of India & General Insurance Company of India. 51% of the share holding is with Mr. S. C. Saran, Chairman & MD. [2]

  • Market Cap 155 Cr.
  • Current Price 1,034
  • High / Low 1,144 / 380
  • Stock P/E 30.0
  • Book Value 172
  • Dividend Yield 0.24 %
  • ROCE 27.6 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 7.80% over past five years.

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18.14 15.94 14.77 14.02 14.43 17.14 17.50 16.40 16.54 16.85 18.05 16.53 19.92
15.67 15.05 13.79 13.26 13.67 14.98 15.17 14.04 15.13 15.15 16.01 15.21 17.08
Operating Profit 2.47 0.89 0.98 0.76 0.76 2.16 2.33 2.36 1.41 1.70 2.04 1.32 2.84
OPM % 13.62% 5.58% 6.64% 5.42% 5.27% 12.60% 13.31% 14.39% 8.52% 10.09% 11.30% 7.99% 14.26%
0.00 0.05 0.03 0.13 0.00 0.32 0.13 0.11 0.00 0.15 0.04 0.04 0.18
Interest 0.11 0.07 0.07 0.09 0.12 0.11 0.10 0.07 0.05 0.04 0.08 0.04 0.05
Depreciation 0.17 0.19 0.20 0.22 0.22 0.23 0.23 0.23 0.24 0.26 0.25 0.25 0.27
Profit before tax 2.19 0.68 0.74 0.58 0.42 2.14 2.13 2.17 1.12 1.55 1.75 1.07 2.70
Tax % 26.03% 27.94% 28.38% 25.86% 30.95% 27.10% 26.29% 25.81% 26.79% 25.81% 27.43% 25.23% 28.15%
1.63 0.50 0.53 0.43 0.29 1.56 1.56 1.61 0.83 1.16 1.27 0.79 1.94
EPS in Rs 10.88 3.34 3.54 2.87 1.94 10.41 10.41 10.74 5.54 7.74 8.48 5.27 12.95
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
55.15 48.49 52.34 55.14 36.84 37.90 46.58 39.09 44.60 62.56 63.08 67.81 71.35
52.20 46.22 51.33 53.10 36.21 36.87 44.00 38.30 39.45 56.66 57.11 60.24 63.45
Operating Profit 2.95 2.27 1.01 2.04 0.63 1.03 2.58 0.79 5.15 5.90 5.97 7.57 7.90
OPM % 5.35% 4.68% 1.93% 3.70% 1.71% 2.72% 5.54% 2.02% 11.55% 9.43% 9.46% 11.16% 11.07%
0.13 1.16 0.19 0.70 0.30 1.05 0.05 0.27 0.05 0.15 0.59 0.25 0.41
Interest 0.99 1.01 0.89 1.03 0.87 0.49 0.36 0.31 0.19 0.32 0.41 0.24 0.21
Depreciation 0.74 0.85 2.45 1.04 0.89 0.67 0.56 0.62 0.60 0.70 0.90 0.98 1.03
Profit before tax 1.35 1.57 -2.14 0.67 -0.83 0.92 1.71 0.13 4.41 5.03 5.25 6.60 7.07
Tax % 34.07% 46.50% -26.17% 16.42% -6.02% 1.09% 77.19% 76.92% 27.66% 26.64% 27.05% 26.21%
0.88 0.84 -1.57 0.56 -0.78 0.91 0.39 0.03 3.18 3.68 3.84 4.87 5.16
EPS in Rs 5.87 5.61 -10.48 3.74 -5.21 6.07 2.60 0.20 21.22 24.56 25.63 32.50 34.44
Dividend Payout % 51.14% 53.57% 0.00% 13.39% 0.00% 0.00% 46.15% 0.00% 9.43% 8.15% 8.59% 7.70%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: 15%
TTM: 6%
Compounded Profit Growth
10 Years: 19%
5 Years: 66%
3 Years: 15%
TTM: -7%
Stock Price CAGR
10 Years: 25%
5 Years: 71%
3 Years: 57%
1 Year: 95%
Return on Equity
10 Years: 14%
5 Years: 22%
3 Years: 24%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50
Reserves 7.82 8.14 6.35 6.82 5.85 6.66 7.15 6.95 10.01 13.46 17.04 21.80 24.27
6.17 7.29 7.12 6.21 5.22 4.04 5.00 3.60 3.60 6.46 3.84 4.09 4.32
15.77 13.26 12.25 14.48 10.45 12.13 12.39 11.01 15.05 11.91 13.59 15.25 18.36
Total Liabilities 31.26 30.19 27.22 29.01 23.02 24.33 26.04 23.06 30.16 33.33 35.97 42.64 48.45
8.82 8.41 6.35 5.99 3.75 3.97 4.29 4.79 4.63 6.69 6.85 6.66 7.75
CWIP 0.01 0.03 0.61 0.29 0.68 0.26 0.44 0.38 0.65 0.18 0.16 3.68 4.15
Investments 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
22.42 21.74 20.25 22.72 18.58 20.10 21.31 17.89 24.88 26.46 28.96 32.30 36.55
Total Assets 31.26 30.19 27.22 29.01 23.02 24.33 26.04 23.06 30.16 33.33 35.97 42.64 48.45

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.00 1.19 2.36 2.56 1.06 2.02 0.37 3.59 1.67 0.76 5.02 6.39
-2.29 -0.39 -1.18 -1.45 0.98 -0.41 -1.05 -1.73 -0.91 -2.25 -0.97 -4.34
0.41 -0.41 -1.58 -1.25 -1.86 -1.67 0.61 -1.85 -0.15 2.33 -3.32 -0.23
Net Cash Flow 0.12 0.39 -0.40 -0.14 0.17 -0.06 -0.07 0.01 0.61 0.84 0.73 1.82

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 67.77 77.46 73.92 74.93 89.37 116.53 104.38 94.40 139.62 111.38 113.12 109.16
Inventory Days 73.95 69.75 56.26 54.73 65.72 76.20 76.91 96.27 86.82 51.60 65.12 68.69
Days Payable 140.47 120.62 117.05 133.17 133.49 154.83 123.82 138.47 167.95 102.77 113.02 110.41
Cash Conversion Cycle 1.25 26.59 13.12 -3.51 21.60 37.90 57.46 52.20 58.49 60.21 65.22 67.44
Working Capital Days 16.94 30.41 27.34 20.98 28.34 44.40 49.84 45.66 63.34 71.88 71.92 65.08
ROCE % 16.72% 15.92% -7.84% 11.53% 0.30% 11.30% 16.02% 3.58% 33.80% 29.07% 25.53% 27.57%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.11% 66.11% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16% 66.16%
33.89% 33.89% 33.84% 33.84% 33.84% 33.85% 33.85% 33.84% 33.84% 33.84% 33.84% 33.84%
No. of Shareholders 3,0633,2393,2223,1693,1623,1683,1673,2503,3643,6113,7563,756

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