Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hisar Metal Industries Ltd

About the Company - Hisar Metal Industries Ltd

Hisar Metal Industries Ltd. is a Public Limited Listed company incorporated on 14/05/1990 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L74899HR1990PLC030937 and registration number is 030937. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 236.59 Cr. and Equity Capital is Rs. 5.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - GeneralNear I.D.C., Delhi Road, Hissar Haryana 125005info@hisarmetal.com
https://www.hisarmetal.com
Management
NamePosition Held
Mr. M P JindalChairman
Mr. Abhiram TayalManaging Director
Mr. Karan Dev TayalWhole Time Director
Mrs. Anubha TayalDirector
Mr. Shital Parshad JainDirector
Mr. Sajjan SinghDirector
Mr. Sharat JainDirector
Mr. Anuj KumarDirector

Basic Stock Data of Hisar Metal Industries Ltd

Last Updated: June 17, 2024, 8:31 pm

Market Cap 106 Cr.
Current Price 196
High / Low252/133
Stock P/E16.3
Book Value 111
Dividend Yield0.51 %
ROCE11.2 %
ROE11.3 %
Face Value 10.0
PEG Ratio1.22

Hisar Metal Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales46.7052.2546.8555.2568.1866.3182.2875.6259.5758.5562.1965.2353.24
Expenses41.4847.0142.8051.0162.5158.8275.3068.8654.2055.2057.8160.5949.30
Operating Profit5.225.244.054.245.677.496.986.765.373.354.384.643.94
OPM %11.18%10.03%8.64%7.67%8.32%11.30%8.48%8.94%9.01%5.72%7.04%7.11%7.40%
Other Income-0.010.110.031.270.070.490.070.11-0.170.800.010.220.05
Interest1.291.111.231.251.351.131.251.591.411.281.451.471.38
Depreciation0.480.540.560.500.500.570.530.530.560.550.560.580.57
Profit before tax3.443.702.293.763.896.285.274.753.232.322.382.812.04
Tax %25.29%35.68%24.89%25.27%25.19%26.43%25.24%25.05%25.39%55.17%25.21%25.27%25.00%
Net Profit2.572.381.722.812.914.623.943.562.411.041.782.101.53
EPS in Rs4.764.413.195.205.398.567.306.594.461.933.303.892.83

Last Updated: June 7, 2024, 8:53 am

Hisar Metal Industries Ltd Quarterly Chart

Hisar Metal Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales197202211224176161231208178153237276246
Expenses187193201213167151215195166138215253228
Operating Profit1110101191016131215212218
OPM %6%5%5%5%5%6%7%6%7%10%9%8%7%
Other Income0000010100211
Interest8768657555566
Depreciation3332222222222
Profit before tax0022147758161611
Tax %44%94%27%35%45%31%32%24%22%30%26%30%
Net Profit001103554512117
EPS in Rs0.330.022.282.460.724.899.199.877.2410.0222.3320.2813.58
Dividend Payout %200%3,600%29%27%92%20%11%10%14%10%4%5%

Hisar Metal Industries Ltd Profit & Loss Yearly Chart

Hisar Metal Industries Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:3%
3 Years:16%
TTM:-12%
Compounded Profit Growth
10 Years:18%
5 Years:4%
3 Years:6%
TTM:-41%
Stock Price CAGR
10 Years:26%
5 Years:30%
3 Years:15%
1 Year:37%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:20%
Last Year:11%

Last Updated: June 17, 2024, 3:01 pm

Hisar Metal Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444455555555
Reserves88910101014192227384953
Borrowings61565270586465636362656870
Other Liabilities181223109822281042282217
Total Liabilities917987948087106115100136137145145
Fixed Assets20191615202022242221191919
CWIP1026201000067
Investments0000000001121
Other Assets706069735867849178114116119117
Total Assets917987948087106115100136137145145

Hisar Metal Industries Ltd Reserves and Borrowings Chart

Hisar Metal Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -2812-6207101249615
Cash from Investing Activity -25-3-5-1-6-3-3-1-21-8
Cash from Financing Activity 2-12-811-191-7-8-6-7-6-7
Net Cash Flow-2200-02-01-3011

Hisar Metal Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days705660686067617159987264
Inventory Days474752415466709111520711994
Days Payable2717359733248121164125
Cash Conversion Cycle90867810010712999113161190149133
Working Capital Days897873989812392102135169133125
ROCE %13%11%12%13%9%11%17%14%12%14%20%18%

Hisar Metal Industries Ltd Financial Efficiency Indicators Chart

Hisar Metal Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters56.11%56.49%56.49%56.49%56.49%56.49%56.49%61.02%61.02%61.02%61.02%61.02%
FIIs0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.06%0.00%0.24%0.24%0.24%
Public43.89%43.51%43.51%43.50%43.51%43.51%43.51%38.93%38.97%38.74%38.74%38.75%
No. of Shareholders2,5553,9344,8254,5534,3775,0344,9404,4514,4095,1235,1925,474

Hisar Metal Industries Ltd Shareholding Pattern Chart

No. of Hisar Metal Industries Ltd Shareholders

This stock is not held by any mutual fund

Hisar Metal Industries Ltd ROCE Trend

Hisar Metal Industries Ltd EPS Trend

Hisar Metal Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.9820.2822.3310.017.24
Diluted EPS (Rs.)11.9820.2822.3310.017.24
Cash EPS (Rs.)16.2024.3026.2713.9811.52
Book Value[Excl.RevalReserv]/Share (Rs.)111.43100.4681.1859.8550.84
Book Value[Incl.RevalReserv]/Share (Rs.)111.43100.4681.1859.8550.84
Dividend / Share (Rs.)1.001.001.001.001.00
Revenue From Operations / Share (Rs.)447.09511.17438.13282.97329.34
PBDIT / Share (Rs.)31.5243.0943.1727.5023.16
PBIT / Share (Rs.)27.3039.0839.2323.5318.87
PBT / Share (Rs.)15.4828.8330.0414.369.29
Net Profit / Share (Rs.)11.9820.2822.3310.017.24
PBDIT Margin (%)7.048.439.859.717.03
PBIT Margin (%)6.107.648.958.315.73
PBT Margin (%)3.465.646.855.072.82
Net Profit Margin (%)2.673.965.093.532.19
Return on Networth / Equity (%)10.7520.1827.5016.7214.24
Return on Capital Employeed (%)17.6127.6732.0023.1919.99
Return On Assets (%)3.817.558.823.973.89
Long Term Debt / Equity (X)0.320.330.430.600.75
Total Debt / Equity (X)1.341.261.471.912.26
Asset Turnover Ratio (%)1.531.961.731.291.66
Current Ratio (X)1.611.711.641.391.56
Quick Ratio (X)0.830.910.810.610.71
Inventory Turnover Ratio (X)3.083.762.972.153.26
Dividend Payout Ratio (NP) (%)0.004.934.479.9813.80
Dividend Payout Ratio (CP) (%)0.004.113.807.158.67
Earning Retention Ratio (%)0.0095.0795.5390.0286.20
Cash Earning Retention Ratio (%)0.0095.8996.2092.8591.33
Interest Coverage Ratio (X)2.674.214.703.002.42
Interest Coverage Ratio (Post Tax) (X)2.012.983.432.091.76
Enterprise Value (Cr.)169.76131.24126.69119.1680.59
EV / Net Operating Revenue (X)0.700.470.530.770.45
EV / EBITDA (X)9.975.645.448.026.45
MarketCap / Net Operating Revenue (X)0.380.240.280.390.12
Retention Ratios (%)0.0095.0695.5290.0186.19
Price / BV (X)1.551.251.511.890.78
Price / Net Operating Revenue (X)0.380.240.280.390.12
EarningsYield0.060.160.180.080.18

Hisar Metal Industries Ltd Profitability Ratios (%)

Hisar Metal Industries Ltd Liquidity Ratios

Hisar Metal Industries Ltd Liquidity Ratios (%)

Hisar Metal Industries Ltd Interest Coverage Ratios (%)

Hisar Metal Industries Ltd Valuation Ratios

Fair Value

Fair Value: 205.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 4.84% compared to the current price 196

Intrinsic Value: 233.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 18.90% compared to the current price ₹196

Last 5 Year EPS CAGR: 13.41%

*Investments are subject to market risks

Strength and Weakness of Hisar Metal Industries Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (207.69 cr) and profit (6.08 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 109.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 119.58, which may not be favorable.
  4. The company has higher borrowings (62.85) compared to reserves (21.31), which may suggest financial risk.

FAQ

What is the latest fair value of Hisar Metal Industries Ltd?

The latest fair value of Hisar Metal Industries Ltd is ₹205.49.

What is the Market Cap of Hisar Metal Industries Ltd?

The Market Cap of Hisar Metal Industries Ltd is 106 Cr..

What is the current Stock Price of Hisar Metal Industries Ltd as on 18 June 2024?

The current stock price of Hisar Metal Industries Ltd as on 18 June 2024 is ₹196.

What is the High / Low of Hisar Metal Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hisar Metal Industries Ltd stocks is 252/133.

What is the Stock P/E of Hisar Metal Industries Ltd?

The Stock P/E of Hisar Metal Industries Ltd is 16.3.

What is the Book Value of Hisar Metal Industries Ltd?

The Book Value of Hisar Metal Industries Ltd is 111.

What is the Dividend Yield of Hisar Metal Industries Ltd?

The Dividend Yield of Hisar Metal Industries Ltd is 0.51 %.

What is the ROCE of Hisar Metal Industries Ltd?

The ROCE of Hisar Metal Industries Ltd is 11.2 %.

What is the ROE of Hisar Metal Industries Ltd?

The ROE of Hisar Metal Industries Ltd is 11.3 %.

What is the Face Value of Hisar Metal Industries Ltd?

The Face Value of Hisar Metal Industries Ltd is 10.0.

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 Hisar Metal Industries 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