Hind Hardy

₹510 12 | 2.4%

WEBSITE BSE:505893 NSE : HINDHARD 18 May, 12:50

Market Cap ₹76 Cr.

Stock P/E 14.8

P/B 3.5

Current Price ₹510

Book Value ₹ 146.6

Face Value 10

52W High ₹654.9

Dividend Yield 0.43%

52W Low ₹ 262.7

Edit Ratio

Hind Hardy Research see more...

Overview Inc. Year: 1982Industry: Auto Ancillary

Hind Hardy Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Hind Hardy Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	18	16	15	14	14	17	18	16	17	17
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	18	16	15	14	14	17	18	17	17	17
Total Expenditure	16	15	14	13	14	15	15	14	15	15
Operating Profit	2	1	1	1	1	2	2	2	1	2
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	1	1	1	0	2	2	2	1	2
Provision for Tax	1	0	0	0	0	1	1	1	0	0
Profit After Tax	2	0	1	0	0	2	2	2	1	1
Adjustments	-0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	2	1	1	0	0	2	2	2	1	1
Adjusted Earnings Per Share	10.9	3.3	3.6	2.9	1.9	10.4	10.4	10.8	5.5	7.7

Hind Hardy 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	55	49	52	55	37	38	47	39	45	63	63	68
Other Income	0	1	0	1	0	1	0	0	0	0	1	0
Total Income	55	50	53	56	37	39	47	39	45	63	64	69
Total Expenditure	52	46	51	53	36	37	44	38	39	57	57	59
Operating Profit	3	3	1	3	1	2	3	1	5	6	7	7
Interest	1	1	1	1	1	0	0	0	0	0	0	0
Depreciation	1	1	2	1	1	1	1	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	2	-2	1	-1	1	2	0	4	5	5	7
Provision for Tax	0	1	-1	0	-0	0	1	0	1	1	1	2
Profit After Tax	1	1	-2	1	-1	1	0	0	3	4	4	6
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	-2	1	-1	1	0	0	3	4	4	6
Adjusted Earnings Per Share	5.9	5.6	-10.5	3.7	-5.2	6.1	2.6	0.2	21.3	24.6	25.6	34.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	17%	11%	1%
Operating Profit CAGR	17%	91%	28%	9%
PAT CAGR	0%	0%	32%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	81%	46%	33%	23%
ROE Average	23%	28%	18%	9%
ROCE Average	26%	30%	22%	14%

Hind Hardy 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	9	10	8	8	7	8	9	8	12	15	19
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	1	1	1	0	0	0	0	1	2	2
Other Non-Current Liabilities	1	1	0	0	0	0	-0	0	0	-0	-0
Total Current Liabilities	20	19	18	20	15	16	17	14	18	16	16
Total Liabilities	31	30	27	29	23	24	26	23	30	33	36
Fixed Assets	9	8	6	6	4	4	4	5	5	7	7
Other Non-Current Assets	4	4	5	5	6	3	3	2	2	1	1
Total Current Assets	19	18	16	18	13	17	19	16	24	26	28
Total Assets	31	30	27	29	23	24	26	23	30	33	36

Hind Hardy 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	0	1	0	0	0	0	0	0	1	2
Cash Flow from Operating Activities	2	1	2	3	1	2	0	4	2	1	5
Cash Flow from Investing Activities	-2	-0	-1	-1	1	-0	-1	-1	-1	-2	-1
Cash Flow from Financing Activities	0	-0	-2	-1	-2	-2	1	-3	-0	2	-3
Net Cash Inflow / Outflow	0	0	-0	-0	0	-0	-0	0	1	1	1
Closing Cash & Cash Equivalent	0	1	0	0	0	0	0	0	1	2	2

Hind Hardy 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)	5.86	5.64	-10.49	3.73	-5.22	6.11	2.61	0.21	21.25	24.57	25.61
CEPS(Rs)	10.82	11.29	5.83	10.68	0.71	10.58	6.37	4.33	25.26	29.27	31.63
DPS(Rs)	3	3	0	0.5	0	0	1.2	0	2	2	2.2
Book NAV/Share(Rs)	62.18	64.33	52.39	55.51	48.97	54.44	57.74	56.37	76.81	99.83	123.7
Core EBITDA Margin(%)	4.89	4.35	1.79	3.4	1.58	2.69	5.52	1.97	11.53	9.42	9.48
EBIT Margin(%)	3.92	4.96	-2.2	2.82	0.09	3.68	4.42	1.12	10.3	8.53	8.98
Pre Tax Margin(%)	2.25	3.03	-3.77	1.11	-2.12	2.41	3.66	0.34	9.88	8.03	8.32
PAT Margin (%)	1.47	1.62	-2.77	0.93	-1.99	2.39	0.84	0.08	7.14	5.88	6.08
Cash Profit Margin (%)	2.72	3.25	1.54	2.67	0.27	4.14	2.05	1.66	8.48	7.01	7.51
ROA(%)	3.13	2.75	-5.48	1.99	-3.01	3.86	1.55	0.13	11.97	11.63	11.1
ROE(%)	9.61	8.91	-17.98	6.9	-9.99	11.81	4.66	0.37	31.92	27.82	22.91
ROCE(%)	16.49	15.94	-7.81	11.46	0.26	11.4	15.94	3.41	33.83	29.24	25.88
Receivable days	57.43	71.93	67.22	66.74	94.45	100.55	99.59	109.4	111.15	105.42	111.79
Inventory Days	37.14	43.49	33.79	30.34	39.69	36.31	36.5	49	42.79	29.04	31.28
Payable days	97.66	116.08	101.91	113.64	167.5	144.42	123.02	146.18	147.38	105.75	107.5
PER(x)	11.09	12.32	0	21.96	0	0	42.11	349.93	6.95	9.73	9.29
Price/Book(x)	1.05	1.08	1.95	1.47	2.08	0	1.91	1.32	1.92	2.39	1.92
Dividend Yield(%)	4.62	4.32	0	0.61	0	0	1.09	0	1.35	0.84	0.92
EV/Net Sales(x)	0.28	0.35	0.42	0.33	0.55	0.14	0.46	0.37	0.56	0.65	0.59
EV/Core EBITDA(x)	5.07	4.96	18.43	6.7	21.8	2.53	8.12	13.84	4.81	6.74	5.66
Net Sales Growth(%)	3.12	-12.07	7.93	5.34	-33.19	2.9	22.9	-16.09	14.1	40.28	0.81
EBIT Growth(%)	-23.88	10.51	-148.24	235.65	-97.95	3963.98	46.09	-78.75	949.69	16.21	6.12
PAT Growth(%)	-40.37	-3.85	-286.11	135.51	-240.16	216.94	-57.22	-91.85	9883.7	15.62	4.2
EPS Growth(%)	-40.37	-3.85	-286.11	135.51	-240.16	216.94	-57.22	-91.85	9882.76	15.62	4.2
Debt/Equity(x)	0.66	0.76	0.91	0.75	0.71	0.49	0.58	0.43	0.31	0.43	0.21
Current Ratio(x)	0.95	0.94	0.89	0.89	0.9	1.06	1.1	1.12	1.33	1.59	1.8
Quick Ratio(x)	0.6	0.65	0.62	0.64	0.66	0.8	0.8	0.75	1.04	1.29	1.42
Interest Cover(x)	2.35	2.57	-1.4	1.65	0.04	2.9	5.8	1.43	24.68	16.89	13.69
Total Debt/Mcap(x)	0.63	0.7	0.47	0.51	0.34	0	0.3	0.32	0.16	0.18	0.11

Hind Hardy Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.11	66.11	66.16	66.16	66.16	66.16	66.16	66.16	66.16	66.16
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	33.89	33.89	33.84	33.84	33.84	33.84	33.84	33.84	33.84	33.84
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	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Others	0	0	0	0	0	0	0	0	0	0
Total	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.15

Pros

Company has delivered good profit growth of 31% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28%
Company is almost debt free.

Cons

Debtor days have increased from 105.75 to 107.5days.
Stock is trading at 3.5 times its book value.

* 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.