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.

INDUSTRY	ADDRESS	CONTACT
Steel - General	Near I.D.C., Delhi Road, Hissar Haryana 125005	info@hisarmetal.com https://www.hisarmetal.com

Management
Name	Position Held
Mr. M P Jindal	Chairman
Mr. Abhiram Tayal	Managing Director
Mr. Karan Dev Tayal	Whole Time Director
Mrs. Anubha Tayal	Director
Mr. Shital Parshad Jain	Director
Mr. Sajjan Singh	Director
Mr. Sharat Jain	Director
Mr. Anuj Kumar	Director

Basic Stock Data of Hisar Metal Industries Ltd

Last Updated: July 26, 2024, 10:35 pm

Market Cap	109 Cr.
Current Price	201
High / Low	252/145
Stock P/E	16.8
Book Value	111
Dividend Yield	0.50 %
ROCE	11.2 %
ROE	11.3 %
Face Value	10.0
PEG Ratio	1.25

Data Source: screener.in

Hisar Metal Industries Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	46.70	52.25	46.85	55.25	68.18	66.31	82.28	75.62	59.57	58.55	62.19	65.23	53.24
Expenses	41.48	47.01	42.80	51.01	62.51	58.82	75.30	68.86	54.20	55.20	57.81	60.59	49.30
Operating Profit	5.22	5.24	4.05	4.24	5.67	7.49	6.98	6.76	5.37	3.35	4.38	4.64	3.94
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	-0.01	0.11	0.03	1.27	0.07	0.49	0.07	0.11	-0.17	0.80	0.01	0.22	0.05
Interest	1.29	1.11	1.23	1.25	1.35	1.13	1.25	1.59	1.41	1.28	1.45	1.47	1.38
Depreciation	0.48	0.54	0.56	0.50	0.50	0.57	0.53	0.53	0.56	0.55	0.56	0.58	0.57
Profit before tax	3.44	3.70	2.29	3.76	3.89	6.28	5.27	4.75	3.23	2.32	2.38	2.81	2.04
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 Profit	2.57	2.38	1.72	2.81	2.91	4.62	3.94	3.56	2.41	1.04	1.78	2.10	1.53
EPS in Rs	4.76	4.41	3.19	5.20	5.39	8.56	7.30	6.59	4.46	1.93	3.30	3.89	2.83

Last Updated: July 17, 2024, 6:28 am

Hisar Metal Industries Ltd Quarterly Chart

Hisar Metal Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 5:58 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	197	202	211	224	176	161	231	208	178	153	237	276	246
Expenses	187	193	201	213	167	151	215	195	166	138	215	253	228
Operating Profit	11	10	10	11	9	10	16	13	12	15	21	22	18
OPM %	6%	5%	5%	5%	5%	6%	7%	6%	7%	10%	9%	8%	7%
Other Income	0	0	0	0	0	1	0	1	0	0	2	1	1
Interest	8	7	6	8	6	5	7	5	5	5	5	6	6
Depreciation	3	3	3	2	2	2	2	2	2	2	2	2	2
Profit before tax	0	0	2	2	1	4	7	7	5	8	16	16	11
Tax %	44%	94%	27%	35%	45%	31%	32%	24%	22%	30%	26%	30%
Net Profit	0	0	1	1	0	3	5	5	4	5	12	11	7
EPS in Rs	0.33	0.02	2.28	2.46	0.72	4.89	9.19	9.87	7.24	10.02	22.33	20.28	13.58
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:	33%
3 Years:	10%
1 Year:	27%

Return on Equity
10 Years:	19%
5 Years:	19%
3 Years:	20%
Last Year:	11%

Last Updated: July 25, 2024, 5:13 am

Hisar Metal Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 5:58 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	4	4	4	4	4	5	5	5	5	5	5	5	5
Reserves	8	8	9	10	10	10	14	19	22	27	38	49	53
Borrowings	61	56	52	70	58	64	65	63	63	62	65	68	70
Other Liabilities	18	12	23	10	9	8	22	28	10	42	28	22	17
Total Liabilities	91	79	87	94	80	87	106	115	100	136	137	145	145
Fixed Assets	20	19	16	15	20	20	22	24	22	21	19	19	19
CWIP	1	0	2	6	2	0	1	0	0	0	0	6	7
Investments	0	0	0	0	0	0	0	0	0	1	1	2	1
Other Assets	70	60	69	73	58	67	84	91	78	114	116	119	117
Total Assets	91	79	87	94	80	87	106	115	100	136	137	145	145

Hisar Metal Industries Ltd Reserves and Borrowings Chart

Hisar Metal Industries Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	8	12	-6	20	7	10	12	4	9	6	15	10
Cash from Investing Activity	5	-3	-5	-1	-6	-3	-3	-1	-2	1	-8	-5
Cash from Financing Activity	-12	-8	11	-19	1	-7	-8	-6	-7	-6	-7	-5
Net Cash Flow	2	0	0	-0	2	-0	1	-3	0	1	1	-0

Hisar Metal Industries Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	70	56	60	68	60	67	61	71	59	98	72	64
Inventory Days	47	47	52	41	54	66	70	91	115	207	119	94
Days Payable	27	17	35	9	7	3	32	48	12	116	41	25
Cash Conversion Cycle	90	86	78	100	107	129	99	113	161	190	149	133
Working Capital Days	89	78	73	98	98	123	92	102	135	169	133	125
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	56.49%	56.49%	56.49%	56.49%	56.49%	61.02%	61.02%	61.02%	61.02%	61.02%	61.02%	61.02%
FIIs	0.00%	0.01%	0.00%	0.00%	0.00%	0.06%	0.00%	0.24%	0.24%	0.24%	0.24%	0.36%
Public	43.51%	43.50%	43.51%	43.51%	43.51%	38.93%	38.97%	38.74%	38.74%	38.75%	38.74%	38.61%
No. of Shareholders	4,825	4,553	4,377	5,034	4,940	4,451	4,409	5,123	5,192	5,474	4,877	5,172

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

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	11.98	20.28	22.33	10.01	7.24
Diluted EPS (Rs.)	11.98	20.28	22.33	10.01	7.24
Cash EPS (Rs.)	16.20	24.30	26.27	13.98	11.52
Book Value[Excl.RevalReserv]/Share (Rs.)	111.43	100.46	81.18	59.85	50.84
Book Value[Incl.RevalReserv]/Share (Rs.)	111.43	100.46	81.18	59.85	50.84
Dividend / Share (Rs.)	1.00	1.00	1.00	1.00	1.00
Revenue From Operations / Share (Rs.)	447.09	511.17	438.13	282.97	329.34
PBDIT / Share (Rs.)	31.52	43.09	43.17	27.50	23.16
PBIT / Share (Rs.)	27.30	39.08	39.23	23.53	18.87
PBT / Share (Rs.)	15.48	28.83	30.04	14.36	9.29
Net Profit / Share (Rs.)	11.98	20.28	22.33	10.01	7.24
PBDIT Margin (%)	7.04	8.43	9.85	9.71	7.03
PBIT Margin (%)	6.10	7.64	8.95	8.31	5.73
PBT Margin (%)	3.46	5.64	6.85	5.07	2.82
Net Profit Margin (%)	2.67	3.96	5.09	3.53	2.19
Return on Networth / Equity (%)	10.75	20.18	27.50	16.72	14.24
Return on Capital Employeed (%)	17.61	27.67	32.00	23.19	19.99
Return On Assets (%)	3.81	7.55	8.82	3.97	3.89
Long Term Debt / Equity (X)	0.32	0.33	0.43	0.60	0.75
Total Debt / Equity (X)	1.34	1.26	1.47	1.91	2.26
Asset Turnover Ratio (%)	1.53	1.96	1.73	1.29	1.66
Current Ratio (X)	1.61	1.71	1.64	1.39	1.56
Quick Ratio (X)	0.83	0.91	0.81	0.61	0.71
Inventory Turnover Ratio (X)	3.08	3.76	2.97	2.15	3.26
Dividend Payout Ratio (NP) (%)	0.00	4.93	4.47	9.98	13.80
Dividend Payout Ratio (CP) (%)	0.00	4.11	3.80	7.15	8.67
Earning Retention Ratio (%)	0.00	95.07	95.53	90.02	86.20
Cash Earning Retention Ratio (%)	0.00	95.89	96.20	92.85	91.33
Interest Coverage Ratio (X)	2.67	4.21	4.70	3.00	2.42
Interest Coverage Ratio (Post Tax) (X)	2.01	2.98	3.43	2.09	1.76
Enterprise Value (Cr.)	169.76	131.24	126.69	119.16	80.59
EV / Net Operating Revenue (X)	0.70	0.47	0.53	0.77	0.45
EV / EBITDA (X)	9.97	5.64	5.44	8.02	6.45
MarketCap / Net Operating Revenue (X)	0.38	0.24	0.28	0.39	0.12
Retention Ratios (%)	0.00	95.06	95.52	90.01	86.19
Price / BV (X)	1.55	1.25	1.51	1.89	0.78
Price / Net Operating Revenue (X)	0.38	0.24	0.28	0.39	0.12
EarningsYield	0.06	0.16	0.18	0.08	0.18

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: 211.78

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: 5.36% compared to the current price 201

Intrinsic Value: 240.16

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: 19.48% compared to the current price 201

Last 5 Year EPS CAGR: 13.41%

*Investments are subject to market risks

Strength and Weakness of Hisar Metal Industries Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (207.69 cr) and profit (6.08 cr) over the years.	The stock has a low average ROCE of 13.67%, which may not be favorable. The stock has a high average Working Capital Days of 109.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 119.58, which may not be favorable. The company has higher borrowings (63.92) compared to reserves (22.58), 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 ₹211.78.

What is the Market Cap of Hisar Metal Industries Ltd?

The Market Cap of Hisar Metal Industries Ltd is 109 Cr..

What is the current Stock Price of Hisar Metal Industries Ltd as on 27 July 2024?

The current stock price of Hisar Metal Industries Ltd as on 27 July 2024 is 201.

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 252/145.

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

The Stock P/E of Hisar Metal Industries Ltd is 16.8.

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 0.50 %.

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.