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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hercules Hoists Ltd

About the Company - Hercules Hoists Ltd

Hercules Hoists Ltd. is a Public Limited Listed company incorporated on 15/06/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45400MH1962PLC012385 and registration number is 012385. Currently Company is involved in the business activities of Manufacture of lifting and handling equipment. Company’s Total Operating Revenue is Rs. 108.45 Cr. and Equity Capital is Rs. 3.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - GeneralBajaj Bhawan, 2nd floor, 226, Jamnalal Bajaj Marg, Mumbai Maharashtra 400021indef@indef.com
http://www.indef.com
Management
NamePosition Held
Mr. Shekhar BajajChairman
Mr. H A NevatiaWhole Time Director
Ms. Shruti JatiaDirector
Mr. Vandan ShahDirector
Mr. Nirav Nayan BajajDirector
Mr. Gaurav V NevatiaDirector

Hercules Hoists Ltd. Share Price Update

Share PriceValue
Today₹408.50
Previous Day₹433.70

Basic Stock Data of Hercules Hoists Ltd

Market Cap 1,334 Cr.
Current Price 417
High / Low508/170
Stock P/E44.4
Book Value 253
Dividend Yield0.47 %
ROCE4.57 %
ROE3.88 %
Face Value 1.00

Data Source: screener.in

Hercules Hoists Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales22.2320.7528.0421.9827.7028.2430.5330.9636.6335.7147.4741.0541.24
Expenses19.7119.3826.0320.0224.5826.0430.9528.1332.1330.5943.2136.5036.00
Operating Profit2.521.372.011.963.122.20-0.422.834.505.124.264.555.24
OPM %11.34%6.60%7.17%8.92%11.26%7.79%-1.38%9.14%12.29%14.34%8.97%11.08%12.71%
Other Income2.102.271.391.375.794.572.331.415.406.7490.373.196.76
Interest0.010.000.000.000.000.000.000.060.170.160.160.150.14
Depreciation0.710.690.700.640.600.620.620.921.051.010.971.061.09
Profit before tax3.902.952.702.698.316.151.293.268.6810.6993.506.5310.77
Tax %27.44%29.15%3.33%48.70%10.71%11.87%44.96%29.45%17.05%17.03%9.16%26.34%17.18%
Net Profit2.832.092.601.387.425.420.722.307.208.8684.954.818.92
EPS in Rs0.880.650.810.432.321.690.220.722.252.7726.551.502.79

Hercules Hoists Ltd Quarterly Chart

Hercules Hoists Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales118124104979173751028378108151165
Expenses83928587847272937874102134146
Operating Profit3632201071495471719
OPM %30%26%19%11%8%1%5%9%6%5%6%11%12%
Other Income111111101212101015814104107
Interest0000000000011
Depreciation2223233343244
Profit before tax4441281817101116161018116121
Tax %30%30%30%28%20%20%8%21%19%19%19%11%
Net Profit31292013138101313815103108
EPS in Rs9.668.926.183.954.152.493.064.004.062.424.6732.2833.61
Dividend Payout %18%20%24%38%36%40%41%38%44%62%56%9%

Hercules Hoists Ltd Profit & Loss Yearly Chart

Hercules Hoists Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:15%
3 Years:22%
TTM:27%
Compounded Profit Growth
10 Years:-1%
5 Years:27%
3 Years:26%
TTM:53%
Stock Price CAGR
10 Years:15%
5 Years:34%
3 Years:49%
1 Year:108%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:3%
Last Year:4%

Hercules Hoists Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2333333333333
Reserves136157171177185336377424334491616703805
Borrowings4100700000076
Other Liabilities21283635481517241531606070
Total Liabilities163189210215243354397451352525679774885
Fixed Assets29282725263635363433293634
CWIP1002000000000
Investments2324404451205262315225422573662782
Other Assets1111361431451651141001009371777669
Total Assets163189210215243354397451352525679774885

Hercules Hoists Ltd Reserves and Borrowings Chart

Hercules Hoists Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 123-113-412151310161410
Cash from Investing Activity -79-12-831-11-5-7-93-1
Cash from Financing Activity -3-10-7-61-13-4-5-6-6-7-8
Net Cash Flow22-20-11-0-03-21102

Hercules Hoists Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6874111125155113914143462427
Inventory Days125141191204331263280258269198145124
Days Payable427813212723069878679958277
Cash Conversion Cycle1511371702022563062842132331498774
Working Capital Days19719427533440444438426933323111172
ROCE %33%27%17%10%9%3%2%3%4%2%4%5%

Hercules Hoists Ltd Financial Efficiency Indicators Chart

Hercules Hoists Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters69.61%69.61%69.61%69.61%69.61%69.61%69.61%69.61%69.62%69.62%69.62%69.62%
FIIs0.00%0.00%0.00%0.01%0.10%0.07%0.05%0.02%0.00%0.03%0.07%0.11%
Public30.39%30.39%30.39%30.38%30.29%30.32%30.34%30.37%30.40%30.35%30.31%30.28%
No. of Shareholders17,69717,05216,83716,19115,83316,13015,76216,35315,95215,62315,69516,267

Hercules Hoists Ltd Shareholding Pattern Chart

No. of Hercules Hoists Ltd Shareholders

This stock is not held by any mutual fund

Hercules Hoists Ltd ROCE Trend

Hercules Hoists Ltd EPS Trend

Hercules Hoists Ltd Key Financial Ratios

MonthMar 23
FaceValue1.00
Basic EPS (Rs.)32.28
Diluted EPS (Rs.)32.28
Cash EPS (Rs.)33.52
Book Value[Excl.RevalReserv]/Share (Rs.)220.83
Book Value[Incl.RevalReserv]/Share (Rs.)220.83
Revenue From Operations / Share (Rs.)47.12
PBDIT / Share (Rs.)10.75
PBIT / Share (Rs.)9.51
PBT / Share (Rs.)36.28
Net Profit / Share (Rs.)32.28
NP After MI And SOA / Share (Rs.)32.28
PBDIT Margin (%)22.80
PBIT Margin (%)20.18
PBT Margin (%)77.01
Net Profit Margin (%)68.51
NP After MI And SOA Margin (%)68.51
Return on Networth / Equity (%)14.61
Return on Capital Employeed (%)4.08
Return On Assets (%)13.34
Current Ratio (X)4.65
Quick Ratio (X)3.67
Dividend Payout Ratio (NP) (%)7.27
Dividend Payout Ratio (CP) (%)7.01
Earning Retention Ratio (%)92.73
Cash Earning Retention Ratio (%)92.99
Interest Coverage Ratio (X)62.63
Interest Coverage Ratio (Post Tax) (X)32.09
Enterprise Value (Cr.)555.18
EV / Net Operating Revenue (X)3.68
EV / EBITDA (X)16.14
MarketCap / Net Operating Revenue (X)3.79
Retention Ratios (%)92.72
Price / BV (X)0.80
Price / Net Operating Revenue (X)3.79
EarningsYield0.18

Hercules Hoists Ltd Profitability Ratios (%)

Hercules Hoists Ltd Liquidity Ratios

Hercules Hoists Ltd Liquidity Ratios (%)

Hercules Hoists Ltd Interest Coverage Ratios (%)

Hercules Hoists Ltd Valuation Ratios

Fair Value of Hercules Hoists Ltd Stock

Fair Value: ₹437.90

The stock is undervalued by 5.01% compared to the current price ₹417

*Investments are subject to market risks

Strength and Weakness of Hercules Hoists Ltd Stock

StrengthWeakness
  1. The company has higher reserves (377.85 cr) compared to borrowings (1.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (105.31 cr) and profit (35.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 9.51 and average Dividend Yield of 20.18%.
  2. The stock has a low average ROCE of 9.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 270.67, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 188.50, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hercules Hoists Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE