Fundamental Analysis of HS India Ltd

About the Company - HS India Ltd

H S India Ltd. is a Public Limited Listed company incorporated on 12/09/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L55100MH1989PLC053417 and registration number is 053417. Currently Company is involved in the business activities of Restaurants without bars. Company’s Total Operating Revenue is Rs. 18.01 Cr. and Equity Capital is Rs. 16.24 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Hotels, Resorts & Restaurants	Unit No. 202, Morya Blue Moon, Mumbai Maharashtra 400053	hsindialimited@gmail.com http://www.hsindia.in

Management
Name	Position Held
Mr. Ramesh Bansal	Managing Director & CFO
Mr. Pushpendra Radheshyam Bansal	Managing Director
Mrs. Sangita Bansal	Director
Mr. Pradeep Dhawan	Independent Director
Mr. Ghanshyam Parasram Mistry	Independent Director
Mr. Adityabhai Joshi	Independent Director

Basic Stock Data of HS India Ltd

Last Updated: February 6, 2025, 2:09 am

Market Cap	28.4 Cr.
Current Price	17.5
High / Low	18.6/8.91
Stock P/E	29.6
Book Value	18.2
Dividend Yield	0.00 %
ROCE	6.31 %
ROE	3.62 %
Face Value	10.0
PEG Ratio	-5.45

HS India 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	2.98	4.16	2.42	4.68	5.61	5.31	5.69	5.84	6.29	6.13	5.77	6.33	6.79
Expenses	2.45	2.90	2.73	3.56	4.23	3.83	4.82	4.83	5.28	5.35	5.43	5.07	5.50
Operating Profit	0.53	1.26	-0.31	1.12	1.38	1.48	0.87	1.01	1.01	0.78	0.34	1.26	1.29
OPM %	17.79%	30.29%	-12.81%	23.93%	24.60%	27.87%	15.29%	17.29%	16.06%	12.72%	5.89%	19.91%	19.00%
Other Income	0.04	0.13	0.03	0.12	0.12	0.23	0.11	0.11	0.17	0.28	0.08	0.28	0.17
Interest	0.43	0.42	0.40	0.51	0.44	0.51	0.48	0.48	0.49	0.49	0.48	0.48	0.44
Depreciation	0.32	0.41	0.27	0.29	0.26	0.28	0.27	0.28	0.28	0.28	0.27	0.29	0.27
Profit before tax	-0.18	0.56	-0.95	0.44	0.80	0.92	0.23	0.36	0.41	0.29	-0.33	0.77	0.75
Tax %	105.56%	114.29%	2.11%	2.27%	-2.50%	17.39%	17.39%	52.78%	9.76%	-3.45%	-6.06%	16.88%	12.00%
Net Profit	0.01	-0.08	-0.93	0.43	0.82	0.76	0.19	0.17	0.37	0.30	-0.36	0.65	0.65
EPS in Rs	0.01	-0.05	-0.57	0.26	0.50	0.47	0.12	0.10	0.23	0.18	-0.22	0.40	0.40

Last Updated: Unknown

HS India Ltd Quarterly Chart

HS India Ltd Profit & Loss

Last Updated: Unknown

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	18.49	19.43	19.98	20.93	22.26	22.77	26.82	28.94	25.91	10.28	18.01	23.95	24.52
Expenses	13.70	14.94	15.57	14.59	15.54	16.27	21.12	23.28	21.17	8.93	14.35	20.28	21.13
Operating Profit	4.79	4.49	4.41	6.34	6.72	6.50	5.70	5.66	4.74	1.35	3.66	3.67	3.39
OPM %	25.91%	23.11%	22.07%	30.29%	30.19%	28.55%	21.25%	19.56%	18.29%	13.13%	20.32%	15.32%	13.83%
Other Income	0.24	0.21	0.23	0.40	0.55	0.61	0.66	0.61	0.41	0.22	0.51	0.67	0.81
Interest	1.66	1.28	1.15	3.28	3.31	2.91	2.49	2.05	2.20	1.73	1.85	1.94	1.94
Depreciation	1.47	1.52	1.35	2.17	2.51	2.61	2.11	1.72	1.60	1.36	1.11	1.12	1.12
Profit before tax	1.90	1.90	2.14	1.29	1.45	1.59	1.76	2.50	1.35	-1.52	1.21	1.28	1.14
Tax %	24.21%	-26.32%	20.09%	51.94%	23.45%	34.59%	-9.09%	29.60%	6.67%	5.92%	10.74%	19.53%
Net Profit	1.44	2.40	1.71	0.63	1.11	1.05	1.93	1.77	1.26	-1.44	1.08	1.04	0.96
EPS in Rs	0.89	1.48	1.05	0.39	0.68	0.65	1.19	1.09	0.78	-0.89	0.67	0.64	0.59
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

HS India Ltd Profit & Loss Yearly Chart

HS India Ltd Growth

Compounded Sales Growth
10 Years:	3%
5 Years:	-2%
3 Years:	36%
TTM:	5%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-5%
3 Years:	43%
TTM:	35%

Stock Price CAGR
10 Years:	14%
5 Years:	21%
3 Years:	29%
1 Year:	-4%

Return on Equity
10 Years:	4%
5 Years:	2%
3 Years:	4%
Last Year:	4%

Last Updated: Unknown

HS India Ltd Balance Sheet

Last Updated: Unknown

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	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24	16.24
Reserves	3.74	6.14	7.84	7.65	8.74	9.76	11.72	13.49	12.23	10.84	11.98	13.07	13.36
Borrowings	9.33	7.14	4.70	28.20	25.50	23.33	19.94	15.83	16.31	19.77	23.62	20.92	19.27
Other Liabilities	7.37	6.65	6.36	6.03	5.99	5.46	5.06	4.21	2.82	2.29	1.98	1.84	2.58
Total Liabilities	36.68	36.17	35.14	58.12	56.47	54.79	52.96	49.77	47.60	49.14	53.82	52.07	51.45
Fixed Assets	24.52	23.42	22.19	24.19	22.14	19.73	17.74	16.02	14.51	13.14	12.30	11.54	11.11
CWIP	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.22
Investments	3.51	3.51	3.51	6.66	5.84	5.84	5.84	5.84	2.69	2.69	2.69	2.69	2.69
Other Assets	8.61	9.24	9.44	27.27	28.49	29.22	29.38	27.91	30.40	33.31	38.83	37.72	37.43
Total Assets	36.68	36.17	35.14	58.12	56.47	54.79	52.96	49.77	47.60	49.14	53.82	52.07	51.45

HS India Ltd Reserves and Borrowings Chart

HS India 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 +	4.13	1.76	8.64	6.47	8.05	6.27	4.64	2.67	0.49	3.64	2.98	3.07
Cash from Investing Activity +	-0.41	-0.12	-23.82	0.18	-0.20	-0.08	-0.00	-0.08	-0.00	-0.26	-0.48	-0.24
Cash from Financing Activity +	-3.45	-1.40	17.52	-6.31	-6.47	-6.66	-6.24	-1.85	2.02	1.81	-4.65	-3.63
Net Cash Flow	0.27	0.24	2.34	0.34	1.39	-0.46	-1.60	0.74	2.51	5.19	-2.15	-0.80

HS India Ltd Financial Efficiency Indicators

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
Debtor Days	9.20	10.41	9.77	20.99	23.08	30.48	29.89	34.80	79.53	52.49	40.23	33.09
Inventory Days	74.24	58.25	73.34	79.01	98.00	41.09	51.14	50.76	83.94	69.11	79.47	46.73
Days Payable	75.78	81.85	76.75	88.10	137.00	113.00	77.76	109.58	134.81	79.81	64.68	42.00
Cash Conversion Cycle	7.66	-13.18	6.35	11.90	-15.92	-41.43	3.27	-24.02	28.66	41.78	55.02	37.82
Working Capital Days	-48.84	-17.54	-54.76	-49.36	259.52	209.85	213.15	311.33	864.21	505.04	396.24	386.25
ROCE %	10.91%	11.29%	11.30%	9.44%	9.02%	8.66%	9.74%	7.86%	0.46%	6.20%	6.31%	6.90%

HS India Ltd Financial Efficiency Indicators Chart

HS India Ltd Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%	41.29%
Public	58.71%	58.71%	58.71%	58.71%	58.71%	58.70%	58.71%	58.70%	58.71%	58.70%	58.71%	58.70%
No. of Shareholders	2,674	2,662	2,869	2,855	2,841	3,300	3,092	3,051	3,045	3,299	3,318	3,230

HS India Ltd Shareholding Pattern Chart

No. of HS India Ltd Shareholders

This stock is not held by any mutual fund

HS India Ltd ROCE Trend

HS India Ltd EPS Trend

HS India Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.66	0.69	-0.78	0.76	1.08
Diluted EPS (Rs.)	0.66	0.69	-0.78	0.76	1.08
Cash EPS (Rs.)	1.33	1.35	-0.04	1.76	2.15
Book Value[Excl.RevalReserv]/Share (Rs.)	18.05	17.38	16.68	17.53	18.31
Book Value[Incl.RevalReserv]/Share (Rs.)	18.05	17.38	16.68	17.53	18.31
Revenue From Operations / Share (Rs.)	14.75	11.09	6.33	15.96	17.82
PBDIT / Share (Rs.)	2.67	2.57	0.96	3.17	3.86
PBIT / Share (Rs.)	1.98	1.89	0.12	2.19	2.80
PBT / Share (Rs.)	0.78	0.74	-0.94	0.83	1.54
Net Profit / Share (Rs.)	0.63	0.66	-0.88	0.77	1.09
PBDIT Margin (%)	18.12	23.15	15.25	19.85	21.67
PBIT Margin (%)	13.45	17.01	1.98	13.69	15.73
PBT Margin (%)	5.35	6.73	-14.85	5.21	8.66
Net Profit Margin (%)	4.32	6.01	-13.97	4.86	6.11
Return on Networth / Equity (%)	3.53	3.83	-5.30	4.43	5.94
Return on Capital Employeed (%)	6.85	6.09	0.44	8.10	10.71
Return On Assets (%)	1.98	2.01	-2.92	2.65	3.55
Long Term Debt / Equity (X)	0.60	0.77	0.69	0.52	0.38
Total Debt / Equity (X)	0.71	0.83	0.69	0.52	0.38
Asset Turnover Ratio (%)	0.45	0.34	0.21	0.53	0.56
Current Ratio (X)	7.35	10.75	11.45	7.81	3.75
Quick Ratio (X)	7.18	10.55	11.22	7.65	3.65
Interest Coverage Ratio (X)	2.24	2.25	0.90	2.34	3.06
Interest Coverage Ratio (Post Tax) (X)	1.53	1.59	0.16	1.57	1.86
Enterprise Value (Cr.)	28.09	31.23	19.85	19.12	21.34
EV / Net Operating Revenue (X)	1.17	1.73	1.93	0.73	0.73
EV / EBITDA (X)	6.47	7.49	12.66	3.71	3.40
MarketCap / Net Operating Revenue (X)	0.69	0.66	0.71	0.31	0.45
Price / BV (X)	0.56	0.42	0.27	0.28	0.44
Price / Net Operating Revenue (X)	0.69	0.66	0.71	0.31	0.45
EarningsYield	0.06	0.09	-0.19	0.15	0.13

HS India Ltd Profitability Ratios (%)

HS India Ltd Liquidity Ratios

HS India Ltd Liquidity Ratios (%)

HS India Ltd Interest Coverage Ratios (%)

HS India Ltd Valuation Ratios

Fair Value

Fair Value of as of February 5, 2025 is: ₹15.91

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.

As of February 5, 2025, is Overvalued by 9.09% compared to the current share price ₹17.50

Intrinsic Value of as of February 5, 2025 is: ₹15.05

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 5, 2025, is Overvalued by 14.00% compared to the current share price ₹17.50

Last 5 Year EPS CAGR: -5.43%

*Investments are subject to market risks

Strength and Weakness of HS India Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (21.71 cr) and profit (1.38 cr) over the years.	The stock has a low average ROCE of 8.17%, which may not be favorable. The stock has a high average Working Capital Days of 247.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 8.16, which may not be favorable. The company has higher borrowings (17.99) compared to reserves (10.04), which may suggest financial risk.