BSE:505712

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Executive Summary

Him Teknoforge Limited manufactures and supplies forgings and machined components in India.


Snowflake Analysis

Fair value second-rate dividend payer.

Share Price & News

How has Him Teknoforge's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 505712's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.4%

505712

0.6%

IN Auto Components

0.1%

IN Market


1 Year Return

-21.0%

505712

-11.8%

IN Auto Components

-6.1%

IN Market

Return vs Industry: 505712 underperformed the Indian Auto Components industry which returned -11.8% over the past year.

Return vs Market: 505712 underperformed the Indian Market which returned -6.1% over the past year.


Shareholder returns

505712IndustryMarket
7 Day-10.4%0.6%0.1%
30 Day5.0%8.7%7.6%
90 Day1.8%33.3%19.4%
1 Year-19.6%-21.0%-10.4%-11.8%-4.3%-6.1%
3 Year-87.2%-87.5%-32.9%-34.9%-2.9%-7.5%
5 Year-82.9%-83.3%-7.0%-10.9%21.9%12.7%

Price Volatility Vs. Market

How volatile is Him Teknoforge's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Him Teknoforge undervalued compared to its fair value and its price relative to the market?

5.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 505712 (₹40.7) is trading above our estimate of fair value (₹5.68)

Significantly Below Fair Value: 505712 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 505712 is good value based on its PE Ratio (5.3x) compared to the IN Auto Components industry average (15.2x).

PE vs Market: 505712 is good value based on its PE Ratio (5.3x) compared to the Indian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 505712's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 505712 is good value based on its PB Ratio (0.2x) compared to the IN Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Him Teknoforge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.3%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Him Teknoforge has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Him Teknoforge performed over the past 5 years?

29.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 505712 has high quality earnings.

Growing Profit Margin: 505712's current net profit margins (2.4%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: 505712's earnings have grown significantly by 29.3% per year over the past 5 years.

Accelerating Growth: 505712's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 505712 had negative earnings growth (-67.3%) over the past year, making it difficult to compare to the Auto Components industry average (-29.8%).


Return on Equity

High ROE: 505712's Return on Equity (4.1%) is considered low.


Next Steps

Financial Health

How is Him Teknoforge's financial position?


Financial Position Analysis

Short Term Liabilities: 505712's short term assets (₹1.7B) exceed its short term liabilities (₹1.5B).

Long Term Liabilities: 505712's short term assets (₹1.7B) exceed its long term liabilities (₹347.4M).


Debt to Equity History and Analysis

Debt Level: 505712's debt to equity ratio (88.9%) is considered high.

Reducing Debt: 505712's debt to equity ratio has increased from 10.3% to 88.9% over the past 5 years.

Debt Coverage: 505712's debt is not well covered by operating cash flow (3.3%).

Interest Coverage: 505712's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Him Teknoforge current dividend yield, its reliability and sustainability?

2.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 505712's dividend (2.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.68%).

High Dividend: 505712's dividend (2.46%) is low compared to the top 25% of dividend payers in the Indian market (2.75%).


Stability and Growth of Payments

Stable Dividend: 505712's dividend payments have been volatile in the past 10 years.

Growing Dividend: 505712's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.9%), 505712's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average board tenure


CEO

Vijay Aggarwal (71yo)

no data

Tenure

Mr. Vijay Aggarwal is Chairman and Managing Director of Him Teknoforge Ltd since January 31, 2018. Mr. Aggarwal served as a Director of Gujarat Automotive Gears Ltd. until October 29, 2013. 


CEO Compensation Analysis

Compensation vs Market: Vijay's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.95K).

Compensation vs Earnings: Insufficient data to compare Vijay's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Vijay Aggarwal
MD & Chairmanno datano data9.55% 30.4m
Rajiv Aggarwal
Joint MD & Executive Director1.92yrsno data12.65% 40.3m
Rajendra Sinha
Independent Non-Executive Director6.83yrs₹25.00kno data
Ravikant Dhawan
Independent Non-Executive Director6.83yrs₹15.00k0.0064% 20.3k
Purshotam Sharma
Non-Executive Independent Director2.5yrs₹30.00kno data
Pradeep Kumar
Non-Executive Independent Director2.5yrs₹25.00kno data
Baskaran Kesavareddiyar
Nominee Director2.5yrs₹20.00kno data
Bhavana Rao
Nominee Director2.17yrs₹15.00kno data

2.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 505712's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Him Teknoforge Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Him Teknoforge Limited
  • Ticker: 505712
  • Exchange: BSE
  • Founded: 1971
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹318.574m
  • Shares outstanding: 7.87m
  • Website: https://www.himteknoforge.com

Number of Employees


Location

  • Him Teknoforge Limited
  • Sai Road Baddi
  • Village Billanwali
  • Solan
  • Himachal Pradesh
  • 173205
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505712BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2005

Biography

Him Teknoforge Limited manufactures and supplies forgings and machined components in India. Its machined components include gears and shafts, assemblies and sub-assemblies, gear boxes, PTO assemblies, axles, crown and bevel wheel kits, fork-lift parts, and pins and repair kits. The company also provides other auto parts, such as suspension linkage parts, B.C. levers, steering levers, output flanges, shifter forks and selector shafts, axle tube nuts, and propeller shaft components, as well as e-rickshaws and e-loaders. It offers forging services for railways, defense, commercial vehicles, oil and gas, agri/tractor, and aftermarket industries, as well as original equipment manufacturers. The company also exports its products. The company was formerly known as Gujarat Automotive Gears Limited and changed its name to Him Teknoforge Limited in March 2018. Him Teknoforge Limited was incorporated in 1971 and is headquartered in Solan, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 12:49
End of Day Share Price2020/07/14 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.