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Hind Hardy Overview

Hindustan Hardy Limited has been a stalwart in manufacturing sector for over 50 years specializing in driveline components. The company’s history is marked by a commitment to quality and innovation, with a product offering that caters to both Indian and overseas markets. Incorporated on October 16, 1982, Hindustan Hardy Limited is located in Nashik, Maharashtra, and is a listed public company. It’s authorized share capital is INR 5.00 cr and the total paid-up capital is INR 1.50 cr. The company’s operating revenues range fr...Read More

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Hind Hardy Key Financials

Market Cap ₹131 Cr.

Stock P/E 19.9

P/B 3.7

Current Price ₹873.5

Book Value ₹ 237.9

Face Value 10

52W High ₹1350

Dividend Yield 0.32%

52W Low ₹ 665

Hind Hardy Share Price

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Volume
Price

Hind Hardy Quarterly Price

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Hind Hardy Peer Comparison

Hind Hardy Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 17 17 18 17 20 20 25 27 25 27
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 17 17 18 17 20 20 25 27 26 27
Total Expenditure 15 15 16 15 17 18 21 23 23 25
Operating Profit 1 2 2 1 3 2 4 4 3 3
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 1 2 2 1 3 2 4 4 3 2
Provision for Tax 0 0 0 0 1 0 1 1 1 1
Profit After Tax 1 1 1 1 2 1 3 3 2 2
Adjustments 0 0 0 0 0 -0 -0 0 0 0
Profit After Adjustments 1 1 1 1 2 1 3 3 2 2
Adjusted Earnings Per Share 5.5 7.7 8.5 5.3 12.9 8.2 17.6 19.9 12.9 10.6

Hind Hardy Profit & Loss

#(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 52 55 37 38 47 39 45 63 63 68 81 104
Other Income 0 1 0 1 0 0 0 0 1 0 1 0
Total Income 53 56 37 39 47 39 45 63 64 68 82 105
Total Expenditure 51 53 36 37 44 38 39 57 57 60 72 92
Operating Profit 1 3 1 2 3 1 5 6 7 8 10 14
Interest 1 1 1 0 0 0 0 0 0 0 0 0
Depreciation 2 1 1 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 -2 1 -1 1 2 0 4 5 5 7 9 13
Provision for Tax -1 0 -0 0 1 0 1 1 1 2 2 4
Profit After Tax -2 1 -1 1 0 0 3 4 4 5 7 10
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -2 1 -1 1 0 0 3 4 4 5 7 10
Adjusted Earnings Per Share -10.5 3.7 -5.2 6.1 2.6 0.2 21.3 24.6 25.6 32.5 44 61

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 9% 16% 5%
Operating Profit CAGR 25% 19% 58% 26%
PAT CAGR 40% 21% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% 48% 46% 26%
ROE Average 25% 24% 26% 12%
ROCE Average 28% 27% 29% 16%

Hind Hardy Balance Sheet

#(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 8 8 7 8 9 8 12 15 19 23 30
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 0 0 0 0 1 2 2 2 3
Other Non-Current Liabilities 0 0 0 0 -0 0 0 -0 -0 -0 -0
Total Current Liabilities 18 20 15 16 17 14 18 16 16 17 24
Total Liabilities 27 29 23 24 26 23 30 33 36 43 56
Fixed Assets 6 6 4 4 4 5 5 7 7 7 11
Other Non-Current Assets 5 5 6 3 3 2 2 1 1 4 4
Total Current Assets 16 18 13 17 19 16 24 26 28 31 41
Total Assets 27 29 23 24 26 23 30 33 36 43 56

Hind Hardy Cash Flow

#(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 0 0 0 0 0 1 2 2 4
Cash Flow from Operating Activities 2 3 1 2 0 4 2 1 5 6 2
Cash Flow from Investing Activities -1 -1 1 -0 -1 -1 -1 -2 -1 -4 -5
Cash Flow from Financing Activities -2 -1 -2 -2 1 -3 -0 2 -3 -0 3
Net Cash Inflow / Outflow -0 -0 0 -0 -0 0 1 1 1 2 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 1 2 2 4 4

Hind Hardy Ratios

# 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) -10.49 3.73 -5.22 6.11 2.61 0.21 21.25 24.57 25.61 32.49 43.98
CEPS(Rs) 5.83 10.68 0.71 10.58 6.37 4.33 25.26 29.27 31.63 39.01 51.48
DPS(Rs) 0 0.5 0 0 1.2 0 2 2 2.2 2.5 2.8
Book NAV/Share(Rs) 52.39 55.51 48.97 54.44 57.74 56.37 76.81 99.83 123.7 155.45 197
Core EBITDA Margin(%) 1.79 3.4 1.58 2.69 5.52 1.97 11.53 9.42 9.48 11.08 11.95
EBIT Margin(%) -2.2 2.82 0.09 3.68 4.42 1.12 10.3 8.53 8.98 10.08 11.2
Pre Tax Margin(%) -3.77 1.11 -2.12 2.41 3.66 0.34 9.88 8.03 8.32 9.73 10.98
PAT Margin (%) -2.77 0.93 -1.99 2.39 0.84 0.08 7.14 5.88 6.08 7.18 8.09
Cash Profit Margin (%) 1.54 2.67 0.27 4.14 2.05 1.66 8.48 7.01 7.51 8.62 9.47
ROA(%) -5.48 1.99 -3.01 3.86 1.55 0.13 11.97 11.63 11.1 12.4 13.32
ROE(%) -17.98 6.9 -9.99 11.81 4.66 0.37 31.92 27.82 22.91 23.28 24.96
ROCE(%) -7.81 11.46 0.26 11.4 15.94 3.41 33.83 29.24 25.88 27.49 28.27
Receivable days 67.22 66.74 94.45 100.55 99.59 109.4 111.15 105.42 111.79 107.16 104.53
Inventory Days 33.79 30.34 39.69 36.31 36.5 49 42.79 29.04 31.28 34.42 36.94
Payable days 101.91 113.64 167.5 144.42 123.02 146.18 147.38 105.75 107.5 108.64 109.49
PER(x) 0 21.96 0 0 42.11 349.93 6.95 9.73 9.29 12.51 15.38
Price/Book(x) 1.95 1.47 2.08 0 1.91 1.32 1.92 2.39 1.92 2.62 3.43
Dividend Yield(%) 0 0.61 0 0 1.09 0 1.35 0.84 0.92 0.61 0.41
EV/Net Sales(x) 0.42 0.33 0.55 0.14 0.46 0.37 0.56 0.65 0.59 0.9 1.29
EV/Core EBITDA(x) 18.43 6.7 21.8 2.53 8.12 13.84 4.81 6.74 5.66 7.79 10.27
Net Sales Growth(%) 7.93 5.34 -33.19 2.9 22.9 -16.09 14.1 40.28 0.81 7.53 20.07
EBIT Growth(%) -148.24 235.65 -97.95 3963.98 46.09 -78.75 949.69 16.21 6.12 20.73 33.4
PAT Growth(%) -286.11 135.51 -240.16 216.94 -57.22 -91.85 9883.7 15.62 4.2 26.9 35.34
EPS Growth(%) -286.11 135.51 -240.16 216.94 -57.22 -91.85 9882.76 15.62 4.2 26.9 35.34
Debt/Equity(x) 0.91 0.75 0.71 0.49 0.58 0.43 0.31 0.43 0.21 0.18 0.26
Current Ratio(x) 0.89 0.89 0.9 1.06 1.1 1.12 1.33 1.59 1.8 1.81 1.71
Quick Ratio(x) 0.62 0.64 0.66 0.8 0.8 0.75 1.04 1.29 1.42 1.43 1.3
Interest Cover(x) -1.4 1.65 0.04 2.9 5.8 1.43 24.68 16.89 13.69 28.23 51.1
Total Debt/Mcap(x) 0.47 0.51 0.34 0 0.3 0.32 0.16 0.18 0.11 0.07 0.08

Hind Hardy Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.16 66.16 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 33.84 33.84 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

Hind Hardy News

Hind Hardy Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 108.64 to 109.49days.
  • Stock is trading at 3.7 times its book value.
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