BSE:505893

Stock Analysis Report

Executive Summary

Hindustan Hardy Limited engages in the design, manufacture, and sale of propeller shafts, UJ kit double cardan shafts, and components in India and internationally.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Hindustan Hardy has significant price volatility in the past 3 months.
  • Hindustan Hardy is not covered by any analysts.

Share Price & News

How has Hindustan Hardy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.0%

BSE:505893

0.6%

IN Auto Components

1.3%

IN Market


1 Year Return

-27.9%

BSE:505893

-26.2%

IN Auto Components

-1.5%

IN Market

505893 underperformed the Auto Components industry which returned -26.2% over the past year.

505893 underperformed the Market in India which returned -1.5% over the past year.


Share holder returns

505893IndustryMarket
7 Day5.0%0.6%1.3%
30 Day3.8%-3.5%-0.8%
90 Day-18.9%-14.5%-3.7%
1 Year-27.9%-27.9%-25.8%-26.2%0.3%-1.5%
3 Year2.0%1.5%4.6%2.8%29.2%22.6%
5 Year20.5%12.2%54.6%49.6%47.8%33.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Hindustan Hardy undervalued based on future cash flows and its price relative to the stock market?

35.87x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Hindustan Hardy to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Hindustan Hardy to establish if it is available at substantial discount.


Price Based on Earnings

Hindustan Hardy is overvalued based on earnings compared to the IN Auto Components industry average.

Hindustan Hardy is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Hindustan Hardy, we can't assess if its growth is good value.


Price Based on Value of Assets

Hindustan Hardy is overvalued based on assets compared to the IN Auto Components industry average.


Next Steps

Future Growth

How is Hindustan Hardy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Hindustan Hardy is high growth as no revenue estimate data is available.

Hindustan Hardy's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Hindustan Hardy's revenue growth to the India market average as no estimate data is available.

Hindustan Hardy's earnings growth is expected to exceed the India market average.

Hindustan Hardy's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hindustan Hardy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Hindustan Hardy performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Hindustan Hardy has delivered over 20% year on year earnings growth in the past 5 years.

Hindustan Hardy's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Hindustan Hardy's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.


Return on Equity

Hindustan Hardy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Hindustan Hardy used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Hindustan Hardy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Hindustan Hardy's financial position?


Financial Position Analysis

Hindustan Hardy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Hindustan Hardy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Hindustan Hardy's level of debt (57.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (75.6% vs 57.8% today).

Debt is not well covered by operating cash flow (7.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 132.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.8x debt.


Next Steps

Dividend

What is Hindustan Hardy's current dividend yield, its reliability and sustainability?

1.28%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Hindustan Hardy before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Hindustan Hardy's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).

Hindustan Hardy's dividend is below the markets top 25% of dividend payers in India (2.21%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Hindustan Hardy's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Hindustan Hardy has no CEO, or we have no data on them.


Management Age and Tenure

0.8yrs

Average Tenure

59yo

Average Age

The average tenure for the Hindustan Hardy management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.9yrs

Average Tenure

51yo

Average Age

The tenure for the Hindustan Hardy board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Sanjay Saran (68yo)

    Chairman

    • Compensation: 1.83m
  • Devaki Saran (34yo)

    Executive Director & CFO

    • Tenure: 4.9yrs
    • Compensation: 3.31m
  • Vijay Pathak (59yo)

    COO & Whole Time Director

    • Tenure: 0.8yrs
  • Sunita Nisal

    Company Secretary & Chief Compliance Officer

    • Tenure: 0.4yrs

Board Members

  • Sanjay Saran (68yo)

    Chairman

    • Compensation: 1.83m
  • Navroze Marshall (43yo)

    Additional Independent Director

    • Tenure: 0.2yrs
  • Richard Koszarek

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: 18.00k
  • Devaki Saran (34yo)

    Executive Director & CFO

    • Tenure: 4.9yrs
    • Compensation: 3.31m
  • Jehangir Jehangir

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: 15.00k
  • Vijay Pathak (59yo)

    COO & Whole Time Director

    • Tenure: 0.9yrs

Company Information

Hindustan Hardy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hindustan Hardy Limited
  • Ticker: 505893
  • Exchange: BSE
  • Founded: 1982
  • Industry: auto parts and equipment
  • Sector: automobiles
  • Market Cap: ₹133.875m
  • Shares outstanding: 1.50m
  • Website: Click here

Number of Employees


Location

  • Hindustan Hardy Limited
  • C-12, Additional Nasik Industrial Area
  • Ambad
  • Nashik
  • Maharashtra
  • 422010
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505893BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2002

Biography

Hindustan Hardy Limited engages in the design, manufacture, and sale of propeller shafts, UJ kit double cardan shafts, and components in India and internationally. It provides its products for automotive,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/18 12:41
End of Day Share Price2019/07/18 00:00
Earnings2019/03/31
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.