WEBSITE BSE:505720 NSE: HERCULES Inc. Year: 1962 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 10:42
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1. Business Overview
Hercules Investments Ltd., operating in the Engineering - Industrial Equipments sector in India, is likely involved in the design, manufacturing, supply, installation, and/or servicing of various industrial machinery, components, systems, or complete plant solutions. Its core business model would typically revolve around business-to-business (B2B) sales, catering to a diverse range of end-user industries such as manufacturing, infrastructure, energy, and process industries. The company would make money through the sale of equipment, aftermarket parts, maintenance services, and the execution of engineering projects. The "Investments Ltd." in its name might also suggest a holding company structure or diversified financial activities alongside its core engineering operations, common in some Indian corporate groups.
2. Key Segments / Revenue Mix
Specific revenue segments for Hercules Investments Ltd. are not available. However, companies in this sector typically derive revenue from various categories which may include:
Product Sales: Manufacturing and selling standard or custom industrial equipment and components.
Project Execution: Undertaking larger engineering, procurement, and construction (EPC) contracts or specialized project work.
Aftermarket Services: Providing spare parts, maintenance, repairs, upgrades, and technical support.
Revenue mix can vary significantly based on the company's focus (e.g., product-centric vs. project-centric).
3. Industry & Positioning
The Engineering - Industrial Equipments industry in India is dynamic, characterized by a mix of domestic and international players. It is largely driven by capital expenditure cycles in core sectors like manufacturing, infrastructure, and utilities. The industry can be fragmented, with numerous smaller players specializing in niche products or services, alongside larger, more diversified engineering conglomerates. Without specific data, Hercules Investments Ltd.'s positioning could range from a specialized manufacturer in a particular equipment category, a provider of integrated project solutions, or a player focused on specific end-user industries (e.g., automotive, power, chemical). Competition often hinges on product quality, technological capability, pricing, delivery timelines, and after-sales service.
4. Competitive Advantage (Moat)
Without specific company details, potential competitive advantages (moats) for a company like Hercules Investments Ltd. in this sector could include:
Specialized Expertise: Niche engineering capabilities or proprietary technology for specific equipment or processes.
Customer Relationships: Long-standing relationships and trust with key industrial clients, often built over years through reliable performance.
Quality & Reliability: Reputation for manufacturing durable, high-performance equipment that reduces downtime for clients.
Service Network: An extensive and efficient after-sales service and spare parts network, critical for industrial equipment.
Cost Efficiency: Ability to produce high-quality equipment at competitive prices through optimized manufacturing processes or supply chains.
5. Growth Drivers
Key factors that could drive growth for Hercules Investments Ltd. over the next 3-5 years include:
Government Initiatives: "Make in India" campaigns and infrastructure development projects driving industrial capacity expansion.
Manufacturing Sector Growth: Expansion and modernization of various manufacturing industries (e.g., automotive, cement, steel, consumer goods) requiring new equipment and automation.
Technological Upgrades: Demand for more efficient, sustainable, and automated equipment to meet evolving industry standards and reduce operational costs.
Export Opportunities: Leveraging India's manufacturing base to cater to international markets.
Urbanization & Infrastructure: Continued investment in urban development, power generation, and transportation infrastructure.
6. Risks
Key business risks for Hercules Investments Ltd. and companies in this sector generally include:
Economic Cyclicality: The sector is highly sensitive to overall economic cycles and industrial capital expenditure, making it vulnerable to downturns.
Raw Material Volatility: Fluctuations in the prices of steel, non-ferrous metals, and other components can impact profitability.
Intense Competition: Pressure from both domestic and international players leading to pricing pressures and margin erosion.
Technological Obsolescence: Failure to innovate or adapt to new technologies can lead to loss of market relevance.
Project Execution Risks: Delays, cost overruns, or quality issues in large-scale projects can lead to financial penalties and reputational damage.
Regulatory & Environmental Changes: Strict environmental norms or changing industrial regulations can necessitate costly upgrades or impact operations.
7. Management & Ownership
Specific information regarding the promoters, management quality, or ownership structure of Hercules Investments Ltd. is not available. In India, many companies, particularly those with "Investments Ltd." in their name, are often promoter-led or part of larger business conglomerates with diverse interests. The quality of management would typically be assessed on factors such as strategic vision, operational efficiency, financial prudence, and corporate governance practices.
8. Outlook
The outlook for companies in the Engineering - Industrial Equipments sector in India is generally positive, driven by long-term growth prospects in the Indian economy, government thrust on manufacturing and infrastructure, and increasing industrialization. For Hercules Investments Ltd., continued growth could be supported by capitalizing on these macro trends, potentially through technological advancements, expanding its product/service portfolio, or strengthening its market reach. However, the company would need to navigate inherent industry risks such as economic cyclicality, intense competition, and volatile input costs. Its ability to maintain a competitive edge through innovation, quality, and strong customer relationships will be crucial for sustained performance. The specific nature of its "Investments" component could also offer diversification or present additional complexities depending on its scale and strategy.
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Market Cap ₹404 Cr.
Stock P/E 72.4
P/B 0.5
Current Price ₹126.3
Book Value ₹ 270.3
Face Value 1
52W High ₹238.5
Dividend Yield 0%
52W Low ₹ 85.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 28 | 31 | 31 | 37 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 5 | 2 | 1 | 6 | 3 | 3 | 0 | 0 | 5 | 3 |
| Total Income | 33 | 33 | 32 | 43 | 3 | 3 | 0 | 0 | 5 | 3 |
| Total Expenditure | 26 | 31 | 28 | 32 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 7 | 2 | 4 | 11 | 3 | 3 | 0 | 0 | 5 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 1 | 3 | 9 | 3 | 3 | 0 | 0 | 5 | 3 |
| Provision for Tax | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 5 | 1 | 2 | 7 | 3 | 3 | 0 | -0 | 5 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 5 | 1 | 2 | 7 | 3 | 3 | 0 | -0 | 5 | 3 |
| Adjusted Earnings Per Share | 1.7 | 0.2 | 0.7 | 2.2 | 0.8 | 0.9 | 0 | -0 | 1.6 | 0.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 97 | 91 | 73 | 75 | 102 | 83 | 78 | 108 | 151 | 180 | 0 | 0 |
| Other Income | 11 | 13 | 12 | 10 | 13 | 17 | 12 | 16 | 20 | 22 | 6 | 8 |
| Total Income | 108 | 104 | 85 | 85 | 115 | 100 | 90 | 124 | 170 | 202 | 6 | 8 |
| Total Expenditure | 88 | 85 | 72 | 72 | 96 | 81 | 78 | 102 | 136 | 150 | 0 | 0 |
| Operating Profit | 20 | 19 | 13 | 14 | 19 | 20 | 12 | 23 | 34 | 52 | 6 | 8 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 3 | 2 | 3 | 3 | 3 | 4 | 3 | 2 | 4 | 4 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 86 | 0 | 0 | 0 |
| Profit Before Tax | 18 | 17 | 10 | 11 | 16 | 16 | 10 | 18 | 116 | 47 | 6 | 8 |
| Provision for Tax | 5 | 3 | 2 | 1 | 3 | 3 | 2 | 4 | 13 | 11 | 0 | 0 |
| Profit After Tax | 13 | 13 | 8 | 10 | 13 | 13 | 8 | 15 | 103 | 36 | 6 | 8 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 13 | 13 | 8 | 10 | 13 | 13 | 8 | 15 | 103 | 36 | 6 | 8 |
| Adjusted Earnings Per Share | 4 | 4.2 | 2.5 | 3.1 | 4 | 4.1 | 2.4 | 4.7 | 32.3 | 11.3 | 1.7 | 2.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -100% | -100% | -100% | -100% |
| Operating Profit CAGR | -88% | -36% | -21% | -11% |
| PAT CAGR | -83% | -26% | -14% | -7% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -25% | -21% | 1% | -2% |
| ROE Average | 1% | 7% | 5% | 5% |
| ROCE Average | 1% | 8% | 6% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 180 | 188 | 339 | 380 | 427 | 337 | 494 | 619 | 707 | 948 | 846 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5 | 4 | 3 | 3 | 8 | 4 | 17 | 32 | 38 | 66 | 93 |
| Total Current Liabilities | 31 | 51 | 11 | 14 | 16 | 11 | 15 | 28 | 29 | 36 | 1 |
| Total Liabilities | 215 | 243 | 354 | 397 | 451 | 352 | 525 | 679 | 774 | 1051 | 940 |
| Fixed Assets | 25 | 26 | 35 | 34 | 35 | 33 | 32 | 29 | 36 | 34 | 0 |
| Other Non-Current Assets | 61 | 65 | 216 | 266 | 303 | 210 | 403 | 512 | 647 | 899 | 928 |
| Total Current Assets | 129 | 151 | 104 | 97 | 112 | 109 | 90 | 138 | 91 | 118 | 12 |
| Total Assets | 215 | 243 | 354 | 397 | 451 | 352 | 525 | 679 | 774 | 1051 | 940 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 1 | 1 | 1 | 5 | 2 | 4 | 14 | 16 | 0 |
| Cash Flow from Operating Activities | 13 | -4 | 12 | 15 | 13 | 10 | 16 | 14 | 12 | 28 | 8 |
| Cash Flow from Investing Activities | -8 | 3 | 1 | -11 | -5 | -7 | -9 | 3 | -1 | -22 | 6 |
| Cash Flow from Financing Activities | -6 | 1 | -13 | -4 | -5 | -6 | -6 | -7 | -9 | -10 | -13 |
| Net Cash Inflow / Outflow | -1 | 1 | -0 | -0 | 3 | -2 | 1 | 10 | 2 | -3 | 1 |
| Closing Cash & Cash Equivalent | 0 | 1 | 1 | 1 | 5 | 2 | 4 | 14 | 16 | 12 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.95 | 4.15 | 2.49 | 3.06 | 4 | 4.06 | 2.43 | 4.67 | 32.28 | 11.26 | 1.74 |
| CEPS(Rs) | 4.76 | 4.84 | 3.3 | 3.97 | 4.94 | 5.16 | 3.33 | 5.44 | 33.52 | 12.61 | 1.74 |
| DPS(Rs) | 1.5 | 1.5 | 1 | 1.25 | 1.5 | 1.8 | 1.5 | 2.6 | 3 | 4 | 0 |
| Book NAV/Share(Rs) | 56.32 | 58.67 | 106.03 | 118.77 | 133.37 | 105.39 | 154.5 | 193.44 | 220.83 | 296.23 | 264.53 |
| Core EBITDA Margin(%) | 8.93 | 6.52 | 1.25 | 4.99 | 6.43 | 2.48 | 0.65 | 6.35 | 9.87 | 16.25 | 0 |
| EBIT Margin(%) | 16.52 | 16.8 | 12.52 | 13.93 | 15.79 | 19.29 | 12.2 | 17.02 | 77.38 | 26.32 | 0 |
| Pre Tax Margin(%) | 16.52 | 16.55 | 12.24 | 13.88 | 15.79 | 19.26 | 12.19 | 17.01 | 77.02 | 26.01 | 0 |
| PAT Margin (%) | 11.87 | 13.18 | 9.79 | 12.69 | 12.53 | 15.64 | 9.91 | 13.78 | 68.52 | 20.06 | 0 |
| Cash Profit Margin (%) | 14.3 | 15.36 | 12.97 | 16.49 | 15.48 | 19.89 | 13.6 | 16.06 | 71.14 | 22.47 | 0 |
| ROA(%) | 5.95 | 5.8 | 2.67 | 2.61 | 3.02 | 3.23 | 1.77 | 2.48 | 14.22 | 3.95 | 0.56 |
| ROE(%) | 7.14 | 7.22 | 3.02 | 2.72 | 3.17 | 3.4 | 1.87 | 2.68 | 15.59 | 4.35 | 0.62 |
| ROCE(%) | 9.94 | 9.03 | 3.81 | 2.98 | 4 | 4.19 | 2.3 | 3.32 | 17.6 | 5.71 | 0.63 |
| Receivable days | 111.4 | 130.36 | 137.44 | 98 | 53.92 | 46.47 | 45.74 | 28.56 | 21.92 | 30.97 | 0 |
| Inventory Days | 107.69 | 142.86 | 178.98 | 155.4 | 129.44 | 157.97 | 133.22 | 85.62 | 66.66 | 52.44 | 0 |
| Payable days | 132.37 | 184.74 | 166.07 | 79.69 | 76.53 | 94.1 | 85.39 | 74.15 | 70.12 | 75.25 | 0 |
| PER(x) | 43.93 | 34.87 | 61.38 | 34.23 | 28.92 | 12.44 | 46.01 | 29.76 | 5.53 | 47.89 | 83.09 |
| Price/Book(x) | 3.08 | 2.47 | 1.44 | 0.88 | 0.87 | 0.48 | 0.72 | 0.72 | 0.81 | 1.82 | 0.55 |
| Dividend Yield(%) | 0.86 | 1.04 | 0.66 | 1.19 | 1.3 | 3.57 | 1.34 | 1.87 | 1.68 | 0.74 | 0 |
| EV/Net Sales(x) | 5.6 | 5.09 | 6.64 | 4.41 | 3.57 | 1.9 | 4.5 | 3.96 | 3.68 | 9.54 | 0 |
| EV/Core EBITDA(x) | 27.04 | 24.25 | 38 | 24.37 | 19.04 | 8.08 | 28.31 | 18.8 | 16.14 | 33.21 | 81.71 |
| Net Sales Growth(%) | -6.46 | -6.51 | -19.84 | 3.31 | 35.37 | -18.76 | -5.57 | 38.37 | 39.03 | 19.07 | -100 |
| EBIT Growth(%) | -37.43 | -3.76 | -39.92 | 5.49 | 50.26 | -0.74 | -40.28 | 93.07 | 532.11 | -59.51 | -88.01 |
| PAT Growth(%) | -36.02 | 5.1 | -40.13 | 22.97 | 30.86 | 1.37 | -40.18 | 92.41 | 591.48 | -65.13 | -84.5 |
| EPS Growth(%) | -36.02 | 5.1 | -40.13 | 22.97 | 30.86 | 1.37 | -40.18 | 92.42 | 591.47 | -65.13 | -84.5 |
| Debt/Equity(x) | 0 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 4.24 | 2.95 | 9.04 | 6.95 | 6.89 | 9.97 | 6.2 | 4.99 | 3.08 | 3.23 | 14.62 |
| Quick Ratio(x) | 3.25 | 2.03 | 6.19 | 4.58 | 4.47 | 7 | 4.5 | 4.05 | 2.09 | 2.61 | 14.62 |
| Interest Cover(x) | 0 | 68.9 | 45.2 | 282.46 | 0 | 838.13 | 1086.33 | 1922.64 | 212.47 | 85.34 | 0 |
| Total Debt/Mcap(x) | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 |
| FII | 0.06 | 1.92 | 1.71 | 1.66 | 0 | 0.06 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 30.33 | 28.46 | 28.68 | 28.72 | 30.39 | 30.33 | 30.39 | 30.39 | 30.39 | 30.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 |
| FII | 0 | 0.06 | 0.05 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.97 | 0.91 | 0.92 | 0.92 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 |
* The pros and cons are machine generated.
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