Him Teknoforge

₹138 4 | 3%

WEBSITE BSE:505712 NSE : HIMTEK 18 May, 12:50

Market Cap ₹109 Cr.

Stock P/E 18.9

P/B 0.6

Current Price ₹138

Book Value ₹ 223.6

Face Value 2

52W High ₹212

Dividend Yield 0.29%

52W Low ₹ 83.2

Edit Ratio

Him Teknoforge Research see more...

Overview Inc. Year: 1971Industry: Auto Ancillary

Him Teknoforge Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Him Teknoforge Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	84	98	81	89	100	113	97	98	95	81
Other Income	1	2	1	2	1	2	1	1	0	1
Total Income	85	99	82	91	101	115	98	99	96	81
Total Expenditure	75	88	74	82	91	104	89	91	87	74
Operating Profit	10	11	8	9	10	11	10	9	9	8
Interest	4	4	4	5	4	4	4	4	5	5
Depreciation	2	2	2	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	-1	0	0	0	0
Profit Before Tax	4	5	2	2	4	4	3	2	2	1
Provision for Tax	1	2	1	0	1	1	1	1	1	0
Profit After Tax	3	3	2	1	2	3	2	1	1	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	3	2	1	2	3	2	1	1	1
Adjusted Earnings Per Share	3.7	4	2	1.6	3.2	3.5	3	1.8	1.8	0.7

Him Teknoforge Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	24	29	30	26	234	269	324	223	239	352	406	371
Other Income	1	1	2	3	1	3	4	4	3	6	6	3
Total Income	25	30	32	29	235	272	328	228	241	358	413	374
Total Expenditure	18	23	24	21	201	238	289	198	208	319	369	341
Operating Profit	7	7	8	8	34	34	38	30	33	39	44	36
Interest	0	0	0	1	16	16	17	16	17	17	18	18
Depreciation	0	0	0	0	7	7	8	9	9	9	9	8
Exceptional Income / Expenses	0	0	0	0	-1	0	8	0	0	0	-1	0
Profit Before Tax	6	7	7	6	10	11	21	5	7	12	16	8
Provision for Tax	2	2	2	2	3	0	3	1	2	3	5	3
Profit After Tax	4	5	5	4	7	11	18	3	5	9	11	5
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	5	5	4	7	11	18	3	5	9	11	5
Adjusted Earnings Per Share	23.3	26.5	27.2	23.4	9.1	13.4	23.3	4.1	6.5	11.2	13.6	7.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	15%	22%	9%	33%
Operating Profit CAGR	13%	14%	5%	20%
PAT CAGR	22%	54%	0%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	61%	22%	10%	-4%
ROE Average	6%	5%	6%	14%
ROCE Average	11%	9%	10%	20%

Him Teknoforge Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	14	19	23	27	124	135	147	149	154	163	173
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	5	7	27	23	31	37	45	43	40
Other Non-Current Liabilities	0	0	0	0	-2	-3	2	3	4	6	9
Total Current Liabilities	4	5	6	9	149	157	146	137	147	160	157
Total Liabilities	19	24	34	44	299	312	325	326	350	372	380
Fixed Assets	4	3	3	5	115	128	142	154	153	152	151
Other Non-Current Assets	2	11	19	28	24	15	15	5	5	5	13
Total Current Assets	13	10	12	12	159	168	169	167	192	214	216
Total Assets	19	24	34	44	299	312	325	326	350	372	380

Him Teknoforge Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	0	2	1	1	1	0	0	0	0
Cash Flow from Operating Activities	4	4	2	6	3	18	25	25	3	19	29
Cash Flow from Investing Activities	-1	-4	-8	-10	-21	-9	-19	-14	-8	-9	-16
Cash Flow from Financing Activities	-2	-0	6	4	17	-9	-6	-11	5	-11	-13
Net Cash Inflow / Outflow	1	-0	0	0	-0	-0	-1	0	0	-0	-0
Closing Cash & Cash Equivalent	1	0	1	2	1	1	0	0	0	0	0

Him Teknoforge Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	23.31	26.55	27.15	23.43	9.1	13.37	23.27	4.13	6.53	11.23	13.58
CEPS(Rs)	25.86	29.09	29.38	25.07	17.45	22.72	33.89	15.33	18.58	23.25	25.48
DPS(Rs)	0.6	0.6	0.7	0.7	0	0.4	1	0.2	0.4	0.4	0.4
Book NAV/Share(Rs)	80.22	106.06	132.13	154.71	157.68	171.11	186.56	189.29	195.89	206.94	220.15
Core EBITDA Margin(%)	22.71	20.39	19.2	18.04	12.97	11.18	10.59	11.02	12.72	9.28	9.2
EBIT Margin(%)	24.53	23.42	22.96	27.9	10.39	9.76	11.72	9.09	9.83	8.3	8.22
Pre Tax Margin(%)	24.17	23.13	21.81	22.79	4.06	3.99	6.47	2.03	2.96	3.45	3.81
PAT Margin (%)	16.29	15.52	14.73	15.14	2.85	3.84	5.65	1.42	2.13	2.48	2.62
Cash Profit Margin (%)	18.07	17.01	15.94	16.2	5.46	6.53	8.23	5.29	6.05	5.13	4.91
ROA(%)	23.1	21.75	16.42	10.53	4.18	3.45	5.74	1	1.52	2.44	2.84
ROE(%)	33.82	28.5	22.8	16.33	9.47	8.13	13.01	2.2	3.39	5.57	6.36
ROCE(%)	49.27	42.64	30.59	21.95	18.61	10.88	14.56	7.52	8.14	9.56	10.59
Receivable days	52.86	56.42	55.77	58.44	31.78	51.84	40.23	48.51	54.83	54.14	50.94
Inventory Days	50.76	36.71	39.84	49.44	81.89	150.75	134.74	197.93	199.17	146.42	134.23
Payable days	83.62	89.8	85.42	89.81	78.87	131.8	99.58	121.49	96.65	66.27	61.96
PER(x)	8.28	7.65	7.25	7.69	25.26	20.41	6.03	5.82	11.63	8.08	5.55
Price/Book(x)	2.41	1.91	1.49	1.16	1.46	1.59	0.75	0.13	0.39	0.44	0.34
Dividend Yield(%)	0.31	0.3	0.36	0.39	0	0.15	0.71	0.83	0.53	0.44	0.53
EV/Net Sales(x)	1.15	1.2	1.3	1.63	1.25	1.2	0.72	0.65	0.87	0.63	0.5
EV/Core EBITDA(x)	4.22	4.62	5.07	5.32	8.67	9.51	6.02	4.92	6.27	5.63	4.67
Net Sales Growth(%)	7.58	18.79	6.52	-15.96	813.07	14.86	20.47	-31.09	7.07	47.2	15.59
EBIT Growth(%)	12.92	14.13	5.66	2	245.58	2.34	42	-45.43	14.79	24.34	13.6
PAT Growth(%)	13.59	13.9	2.28	-13.72	74.53	47	74	-82.26	58.3	71.84	20.95
EPS Growth(%)	13.59	13.9	2.28	-13.72	-61.17	47	74	-82.26	58.3	71.84	20.95
Debt/Equity(x)	0.02	0	0.29	0.44	0.95	0.85	0.85	0.87	0.98	0.93	0.85
Current Ratio(x)	3.34	1.85	2.05	1.22	1.07	1.07	1.16	1.22	1.3	1.34	1.37
Quick Ratio(x)	2.61	1.26	1.37	0.86	0.33	0.33	0.32	0.31	0.36	0.42	0.4
Interest Cover(x)	68.95	80.66	20.1	5.46	1.64	1.69	2.23	1.29	1.43	1.71	1.86
Total Debt/Mcap(x)	0.01	0	0.2	0.38	2.92	2.4	1.13	6.87	2.53	2.11	2.49

Him Teknoforge Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.55	54.55	54.55	54.55	54.55	54.55	54.55	53.61	53.61	53.61
FII	0	0	0	0	0	0	0	0	0.57	0.39
DII	0.76	0.76	0.76	0.76	0.76	0.76	0.76	0	0	0
Public	44.69	44.69	44.69	44.69	44.69	44.69	44.69	46.39	45.81	46
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.42	0.42	0.42
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0	0	0
Public	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.36	0.36	0.36
Others	0	0	0	0	0	0	0	0	0	0
Total	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79	0.79

Pros

Stock is trading at 0.6 times its book value
Debtor days have improved from 66.27 to 61.96days.
Company has reduced debt.

Cons

Company has a low return on equity of 5% over the last 3 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.