As of 6 Nov 2026, Hindustan Hardy trades at 21.1× trailing earnings, below the industry P/E of 25.6×, and the shares are 25% below their 52-week high. Its ROCE of 29% is the highest among the 7 largest Auto Parts peers, and sales and net profit grew 20% and 30% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.25× equity. It is a small-cap company with a market cap of ₹139 Cr, ranked 116th of 140 Auto Parts companies by market cap; the shares fell 19% over the past year.
- ₹932.00
- ₹945.00
- ₹895.00
- ₹908.25
- 2.5K
Health check
- ReturnsBehind
−19.0% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 21.1 vs industry 25.6.
- GrowthStrong
Sales +20.3%, profit +29.7% a year over 3 years.
- ProfitabilityStrong
ROCE 28.8% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.25× equity, interest covered 33.6×, Piotroski 7 of 9.
- Red flags2 to check
Quarterly profit down 60.6% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹139 Cr
- Small cap
- P/E
- 21.1
- Industry 25.6
- Price to book
- 3.71
- Peers 8.75
- Dividend yield
- 0.34%
- ROE
- 25.0%
- Peers 12.3%
- ROCE
- 28.8%
- Peers 15.6%
- Debt to equity
- 0.25
- Debt ₹9.49 Cr
- EPS (TTM)
- ₹43.87
- OPM (TTM)
- 9.1%
- Net margin 6.2%
- Sales growth
- −9.0%
- Latest quarter vs a year ago
- Profit growth
- −60.6%
- Latest quarter vs a year ago
- Price to sales
- 1.31
- EV/EBITDA 14.4
Strengths and risks
Strengths
- Return on equity of 25.0%.
- Return on capital employed of 28.8%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 60.6% on a year ago.
- Quarterly sales down 9.0% on a year ago.
About Hindustan Hardy
Hindustan Hardy Limited engages in the designing, manufacturing, and sale of propeller shafts and other accessories in India and internationally. The company provides double cardan shafts for agricultural tractors, backhoe loaders, telescoping handlers, 4wd SUVs, all-terrain lift trucks, wheeled excavators, and cement mixers; propeller shafts, including universal joint and end fitment variants; universal joint kits; and flange yokes, slip yoke assemblies,…
- Headquarters
- Nashik
- Employees
- 96
- Sector
- Consumer Cyclical
- ISIN
- INE724D01011
- Website
- hhardys.com
Price range
- Avg volume (3M)
- 949
- 1-year return
- minus 19.0%
- From 52-week high
- minus 25.2%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| HINDHARDHindustan Hardy | 927.80 | plus 2.15% | 139 | 21.1 | 3.71 | 28.8% | 25.0% | 9.1% | 20.3% | 29.7% | 0.34% | minus 19.0% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 26.8 | 25.3 | 27.1 | 29.6 | 24.3 | |
| 22.6 | 22.7 | 24.6 | 26.9 | 22.5 | |
| 4.2 | 2.6 | 2.5 | 2.7 | 1.9 | |
| 15.7% | 10.4% | 9.2% | 9.2% | 7.7% | |
| 0.3 | 0.4 | 0.1 | 0.3 | 0.3 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
| 4.1 | 2.6 | 2.1 | 2.5 | 1.6 | |
| 26.6% | 25.6% | 25.9% | 26.1% | 27.2% | |
| 3 | 1.9 | 1.6 | 1.9 | 1.2 | |
| 19.90 | 12.93 | 10.56 | 12.53 | 7.85 |
Profit & loss
- Sales CAGR 3Y
- +20.3%
- Profit CAGR 3Y
- +29.7%
- EPS CAGR 3Y
- +29.7%
- ROE
- 25.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 61.5 | 66 | 80.1 | 107 | |
| – | +7.4% | +21.2% | +33.8% | |
| 55.4 | 58.5 | 70 | 94.8 | |
| 6.1 | 7.5 | 10.1 | 12.3 | |
| 10.0% | 11.4% | 12.6% | 11.5% | |
| 0.4 | 0.3 | 0.3 | 1.1 | |
| 0.4 | 0.2 | 0.2 | 0.3 | |
| 0.9 | 1 | 1.1 | 1.5 | |
| 0.1 | −0 | −0.1 | −0.3 | |
| 5.3 | 6.6 | 8.9 | 11.3 | |
| 26.9% | 26.2% | 26.3% | 26.1% | |
| 3.8 | 4.9 | 6.6 | 8.4 | |
| – | +26.9% | +35.3% | +27.1% | |
| 25.61 | 32.50 | 43.98 | 55.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.5 | 1.5 | 1.5 | 1.5 | |
| 17 | 21.8 | 28 | 36 | |
| 3.8 | 4.1 | 7.7 | 9.5 | |
| 14 | 15.6 | 19.6 | 17.8 | |
| 36.3 | 43 | 56.8 | 64.8 | |
| 7 | 10.3 | 14.4 | 20 | |
| 0.2 | 3.7 | 3 | 6.4 | |
| 2.3 | 4.1 | 3.7 | 4.4 | |
| 27 | 24.9 | 35.6 | 34.1 | |
| 36.3 | 43 | 56.8 | 64.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 6.4 | 1.6 | 6.6 | |
| −1 | −4.3 | −5.3 | −7 | |
| −3.3 | −0.2 | 3.2 | 1.2 | |
| 0.7 | 1.8 | −0.5 | 0.7 | |
| −1.1 | −4.5 | −5.6 | −7.2 | |
| 4 | 1.9 | −3.9 | −0.6 | |
| −0.3 | −0.3 | −0.4 | −0.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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