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Last Updated: April 2, 2026, 4:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539176 | NSE: HAWAENG

Hawa Engineers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹46.72Overvalued by 36.00%vs CMP ₹73.00

P/E (11.5) × ROE (8.4%) × BV (₹59.20) × DY (2.00%)

₹78.97Fairly Valued by 8.18%vs CMP ₹73.00
MoS: +7.6% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹53.9126%Over (-26.2%)
Graham NumberEarnings₹91.7519%Under (+25.7%)
DCFCash Flow₹54.3113%Over (-25.6%)
Net Asset ValueAssets₹59.658%Over (-18.3%)
EV/EBITDAEnterprise₹96.5811%Under (+32.3%)
Earnings YieldEarnings₹63.208%Over (-13.4%)
ROCE CapitalReturns₹108.918%Under (+49.2%)
Revenue MultipleRevenue₹171.856%Under (+135.4%)
Consensus (8 models)₹78.97100%Fairly Valued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.4%

*Investments are subject to market risks

Investment Snapshot

60
Hawa Engineers Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 14.6% GoodROE 8.4% AverageD/E 0.61 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 56.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum70/100 · Strong
Revenue (4Q): 0% YoY FlatProfit (4Q): +30% YoY Strong
Industry Rank65/100 · Strong
P/E 11.5 vs industry 28.8 Cheaper than peersROCE 14.6% vs industry 22.5% Average3Y sales CAGR: 18% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:46 am

Market Cap 25.7 Cr.
Current Price 73.0
Intrinsic Value₹78.97
High / Low 160/63.4
Stock P/E11.5
Book Value 59.2
Dividend Yield0.00 %
ROCE14.6 %
ROE8.41 %
Face Value 10.0
PEG Ratio0.75

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hawa Engineers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hawa Engineers Ltd 25.7 Cr. 73.0 160/63.411.5 59.20.00 %14.6 %8.41 % 10.0
Shakti Pumps (India) Ltd 6,101 Cr. 494 1,049/45618.5 1320.20 %55.3 %42.6 % 10.0
Kirloskar Brothers Ltd 11,211 Cr. 1,411 2,476/1,33327.1 2780.50 %27.6 %21.6 % 2.00
Latteys Industries Ltd 99.9 Cr. 17.4 37.0/15.836.7 3.750.00 %12.9 %9.35 % 2.00
KSB Ltd 14,498 Cr. 828 918/64850.2 96.50.48 %24.5 %18.3 % 2.00
Industry Average10,603.33 Cr471.0328.8096.880.20%22.49%16.82%6.00

All Competitor Stocks of Hawa Engineers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 24.8329.9825.9527.7734.8931.0327.7335.3625.9532.0224.5231.5331.40
Expenses 23.8928.7325.0826.6932.8829.3926.3033.5424.3630.5922.9829.9228.61
Operating Profit 0.941.250.871.082.011.641.431.821.591.431.541.612.79
OPM % 3.79%4.17%3.35%3.89%5.76%5.29%5.16%5.15%6.13%4.47%6.28%5.11%8.89%
Other Income 0.150.170.100.040.100.200.030.200.150.140.13-0.010.12
Interest 0.700.600.550.670.780.970.710.860.770.640.810.711.83
Depreciation 0.210.210.220.200.190.200.220.230.230.220.230.230.23
Profit before tax 0.180.610.200.251.140.670.530.930.740.710.630.660.85
Tax % 0.00%90.16%0.00%0.00%0.00%70.15%24.53%0.00%75.68%25.35%25.40%21.21%18.82%
Net Profit 0.180.060.210.251.140.200.400.940.180.530.480.530.69
EPS in Rs 0.510.170.600.713.230.571.132.670.511.501.361.501.96

Last Updated: February 1, 2026, 3:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 484643505548454873102120121119
Expenses 46434047524542457098114115112
Operating Profit 2223333334667
OPM % 5%5%6%6%6%7%6%6%4%4%5%5%6%
Other Income 0000010010010
Interest 1111121112334
Depreciation 0111111111111
Profit before tax 1111111111223
Tax % 19%32%34%43%34%30%2%22%19%52%21%33%
Net Profit 1111111111222
EPS in Rs 2.581.931.932.012.782.102.412.273.091.995.104.546.32
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%100.00%0.00%
Change in YoY Net Profit Growth (%)0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%100.00%-100.00%

Hawa Engineers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: February 1, 2026, 2:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4444444444444
Reserves 677891010111213151617
Borrowings 7781288891617191622
Other Liabilities 12111215181515161419292524
Total Liabilities 29273138383636404653676167
Fixed Assets 6778987766655
CWIP 0000000000000
Investments 0000110000000
Other Assets 23212430282728334047615662
Total Assets 29273138383636404653676167

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2-012731-3-6257
Cash from Investing Activity + 0-1-1-2-20000-0-1-1
Cash from Financing Activity + 2-103-5-2-206-1-1-6
Net Cash Flow 4-3-0301-1-21130
Free Cash Flow 1-1-0-0521-3-6146
CFO/OP 84%7%40%78%231%88%31%-96%-181%61%98%127%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-5.00-5.00-6.00-9.00-5.00-5.00-5.00-6.00-13.00-13.00-13.00-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 696882706454495078646361
Inventory Days 43478381861011251891161147979
Days Payable 535292991009710711863466952
Cash Conversion Cycle 596373524959681211311327388
Working Capital Days 273648273229408051514648
ROCE %14%12%12%12%13%14%10%10%10%12%15%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.18%63.12%63.18%63.08%63.04%63.40%63.81%63.81%63.81%56.45%56.45%56.45%
Public 36.81%36.89%36.82%36.93%36.97%36.59%36.19%36.19%36.19%43.56%43.55%43.54%
No. of Shareholders 2,2942,3912,3062,3802,4442,5102,4693,1873,1443,0123,0943,076

Shareholding Pattern Chart

No. of Shareholders

Hawa Engineers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.535.101.983.102.26
Diluted EPS (Rs.) 4.535.101.983.102.26
Cash EPS (Rs.) 7.087.414.395.464.62
Book Value[Excl.RevalReserv]/Share (Rs.) 56.2151.6846.5844.6041.50
Book Value[Incl.RevalReserv]/Share (Rs.) 56.2151.6846.5844.6041.50
Revenue From Operations / Share (Rs.) 343.30339.27289.13207.68136.42
PBDIT / Share (Rs.) 17.6917.1413.1010.149.11
PBIT / Share (Rs.) 15.1414.8310.697.786.75
PBT / Share (Rs.) 6.706.424.123.832.88
Net Profit / Share (Rs.) 4.535.101.983.102.26
PBDIT Margin (%) 5.155.054.534.886.67
PBIT Margin (%) 4.414.373.693.744.94
PBT Margin (%) 1.951.891.421.842.10
Net Profit Margin (%) 1.311.500.681.491.65
Return on Networth / Equity (%) 8.059.874.256.955.45
Return on Capital Employeed (%) 17.5217.4414.6812.8610.70
Return On Assets (%) 2.612.701.322.402.00
Long Term Debt / Equity (X) 0.050.090.090.130.15
Total Debt / Equity (X) 0.811.051.061.020.61
Asset Turnover Ratio (%) 1.902.012.081.721.27
Current Ratio (X) 1.821.671.751.631.86
Quick Ratio (X) 1.201.120.820.940.94
Inventory Turnover Ratio (X) 6.184.014.033.312.61
Interest Coverage Ratio (X) 2.102.041.992.572.35
Interest Coverage Ratio (Post Tax) (X) 1.541.611.301.791.58
Enterprise Value (Cr.) 43.7666.9236.2127.2215.05
EV / Net Operating Revenue (X) 0.360.550.350.370.31
EV / EBITDA (X) 7.0111.077.847.614.69
MarketCap / Net Operating Revenue (X) 0.300.470.240.220.21
Price / BV (X) 1.873.141.511.030.72
Price / Net Operating Revenue (X) 0.300.470.240.220.21
EarningsYield 0.040.030.020.060.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hawa Engineers Ltd. is a Public Limited Listed company incorporated on 26/03/1993 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29120GJ1993PLC019199 and registration number is 019199. Currently Company is involved in the business activities of Manufacture of general purpose machinery. Company's Total Operating Revenue is Rs. 121.06 Cr. and Equity Capital is Rs. 3.53 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
PumpsPlot No. 129, Near Kashiram Textile Mill, Ahmedabad Gujarat 382405Contact not found
Management
NamePosition Held
Mr. Aslam KagdiChairman & M.D & CFO
Mr. Asad F KagdiJoint Managing Director
Mr. Mohammedkhan PathanWhole Time Director
Mr. Abdul Motibhai DesaiIndependent Director
Mr. Johebhasan Aabidbhai KureshiIndependent Director
Mrs. Kehkashan Shadab BelimIndependent Director

FAQ

What is the intrinsic value of Hawa Engineers Ltd and is it undervalued?

As of 18 April 2026, Hawa Engineers Ltd's intrinsic value is ₹78.97, which is 8.18% higher than the current market price of ₹73.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (8.41 %), book value (₹59.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hawa Engineers Ltd?

Hawa Engineers Ltd is trading at ₹73.00 as of 18 April 2026, with a FY2026-2027 high of ₹160 and low of ₹63.4. The stock is currently near its 52-week low. Market cap stands at ₹25.7 Cr..

How does Hawa Engineers Ltd's P/E ratio compare to its industry?

Hawa Engineers Ltd has a P/E ratio of 11.5, which is below the industry average of 28.80. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Hawa Engineers Ltd financially healthy?

Key indicators for Hawa Engineers Ltd: ROCE of 14.6 % is moderate. Dividend yield is 0.00 %.

Is Hawa Engineers Ltd profitable and how is the profit trend?

Hawa Engineers Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹121 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Hawa Engineers Ltd pay dividends?

Hawa Engineers Ltd has a dividend yield of 0.00 % at the current price of ₹73.00. The company is currently not paying meaningful dividends.

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 Hawa Engineers 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
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