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Last Updated: April 2, 2026, 4:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505712 | NSE: HIMTEK

Him Teknoforge Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹140.24Overvalued by 25.01%vs CMP ₹187.00

P/E (14.9) × ROE (4.9%) × BV (₹238.00) × DY (0.27%)

₹165.75Overvalued by 11.36%vs CMP ₹187.00
MoS: -12.8% (Negative)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹145.8623%Over (-22%)
Graham NumberEarnings₹270.5617%Under (+44.7%)
DCFCash Flow₹10.7314%Over (-94.3%)
Net Asset ValueAssets₹218.977%Under (+17.1%)
EV/EBITDAEnterprise₹234.489%Under (+25.4%)
Dividend DiscountDividends₹5.219%Over (-97.2%)
Earnings YieldEarnings₹136.707%Over (-26.9%)
ROCE CapitalReturns₹351.607%Under (+88%)
Revenue MultipleRevenue₹194.756%Fair (+4.1%)
Consensus (9 models)₹165.75100%Overvalued
Key Drivers: ROE 4.9% is below cost of equity. | Wide model spread (₹5–₹352) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.0%

*Investments are subject to market risks

Investment Snapshot

62
Him Teknoforge Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 9.3% AverageROE 4.9% WeakD/E 0.86 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding stable No changePromoter increased by 3.51% Positive
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +39% YoY Strong
Industry Rank75/100 · Strong
P/E 14.9 vs industry 24.3 Cheaper than peersROCE 9.3% vs industry 7.6% Above peers3Y sales CAGR: 5% Slow

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 193 Cr.
Current Price 187
Intrinsic Value₹165.75
High / Low 272/152
Stock P/E14.9
Book Value 238
Dividend Yield0.27 %
ROCE9.33 %
ROE4.93 %
Face Value 2.00
PEG Ratio3.72

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

View Share Price Target for Him Teknoforge Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Him Teknoforge Ltd 193 Cr. 187 272/15214.9 2380.27 %9.33 %4.93 % 2.00
Bharat Gears Ltd 139 Cr. 90.8 154/65.210.6 79.40.00 %1.88 %11.8 % 10.0
The Hi-Tech Gears Ltd 1,068 Cr. 568 897/52147.3 2650.88 %11.5 %8.40 % 10.0
Industry Average466.67 Cr281.9324.27194.130.38%7.57%8.38%7.33

All Competitor Stocks of Him Teknoforge Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 97.0395.5298.4695.2780.7998.91104.73103.7087.93106.61100.71106.39108.58
Expenses 88.8786.0390.6086.5573.6188.2495.0694.4978.5996.8590.9395.7396.94
Operating Profit 8.169.497.868.727.1810.679.679.219.349.769.7810.6611.64
OPM % 8.41%9.94%7.98%9.15%8.89%10.79%9.23%8.88%10.62%9.15%9.71%10.02%10.72%
Other Income 1.471.430.650.480.580.780.871.200.821.131.040.700.05
Interest 4.073.894.174.764.534.044.654.714.844.364.394.364.34
Depreciation 2.402.282.312.362.462.582.562.592.662.722.642.682.68
Profit before tax 3.164.752.032.080.774.833.333.112.663.813.794.324.67
Tax % 25.95%35.16%29.56%29.81%31.17%23.40%34.53%31.83%49.62%-8.40%24.27%32.64%34.90%
Net Profit 2.343.081.421.450.543.702.172.111.354.132.872.913.04
EPS in Rs 2.973.921.811.840.694.702.762.431.534.363.033.073.21

Last Updated: February 1, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:10 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 283026233267323222239351405373402422
Expenses 222421200236288197208318367337363380
Operating Profit 66533313425313438353942
OPM % 23%20%19%14%12%11%11%13%10%9%9%10%10%
Other Income 12303124255243
Interest 00116161716171718182017
Depreciation 0007789999101111
Profit before tax 776101121571216101317
Tax % 33%33%34%30%4%13%30%28%28%31%27%24%
Net Profit 554711183591171013
EPS in Rs 26.5727.1423.4340.8613.3723.264.136.5311.2313.589.0410.3013.67
Dividend Payout % 2%3%3%0%3%4%5%6%4%3%4%5%

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%-20.00%75.00%57.14%63.64%-83.33%66.67%80.00%22.22%-36.36%42.86%
Change in YoY Net Profit Growth (%)0.00%-20.00%95.00%-17.86%6.49%-146.97%150.00%13.33%-57.78%-58.59%79.22%

Him Teknoforge 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: December 4, 2025, 3:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.350.350.352222222222
Reserves 182327122133145147153161172178218224
Borrowings 0712118115125130151151148149150158
Other Liabilities 64561685548455959848392
Total Liabilities 243444302317327327351372380414453475
Fixed Assets 335115128142154153152151178186188
CWIP 00015981010024
Investments 0000000000000
Other Assets 213139172180178172197219229236265284
Total Assets 243444302317327327351372380414453475

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 426318252531929424
Cash from Investing Activity + -4-8-10-21-9-19-14-8-9-16-32-23
Cash from Financing Activity + -06417-9-6-115-11-13-1019
Net Cash Flow -000-0-0-100-0-0-0-0
Free Cash Flow 423-182511-511139-20
CFO/OP 99%67%159%19%67%82%101%15%64%83%124%16%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow6.00-1.00-7.00-85.00-84.00-91.00-105.00-120.00-117.00-110.00-114.00-111.00

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 665657625238457063485270
Inventory Days 738892329297255402409267234275270
Days Payable 1066996147139851119276608992
Cash Conversion Cycle 337652245210207336387254222238247
Working Capital Days 435357822436554505262
ROCE %45%31%22%19%11%12%8%8%10%11%9%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 54.55%53.61%53.61%53.61%53.61%48.52%47.85%50.86%50.86%50.86%50.86%54.37%
FIIs 0.00%0.00%0.57%0.39%0.40%0.35%0.34%0.20%0.47%0.47%0.25%0.27%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%
Government 0.76%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 44.69%46.38%45.81%46.00%45.98%51.13%51.79%48.93%48.66%48.66%48.88%45.33%
No. of Shareholders 4,0664,6486,5836,1615,9225,5475,4465,4265,4085,5675,1435,025

Shareholding Pattern Chart

No. of Shareholders

Him Teknoforge 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 2.002.002.002.002.00
Basic EPS (Rs.) 11.679.0413.5811.236.53
Diluted EPS (Rs.) 11.679.0413.5811.236.53
Cash EPS (Rs.) 21.4221.3925.4823.2518.58
Book Value[Excl.RevalReserv]/Share (Rs.) 232.69228.85220.15206.94195.89
Book Value[Incl.RevalReserv]/Share (Rs.) 232.69228.85220.15206.94195.89
Dividend / Share (Rs.) 0.500.400.400.800.40
Revenue From Operations / Share (Rs.) 425.46474.74516.73447.05303.71
PBDIT / Share (Rs.) 44.3446.9454.3948.1341.35
PBIT / Share (Rs.) 33.2234.5942.4836.1129.30
PBT / Share (Rs.) 13.6312.3419.7715.639.11
Net Profit / Share (Rs.) 10.309.0413.5811.236.53
PBDIT Margin (%) 10.429.8810.5210.7613.61
PBIT Margin (%) 7.807.288.228.079.64
PBT Margin (%) 3.202.593.823.492.99
Net Profit Margin (%) 2.421.902.622.512.15
Return on Networth / Equity (%) 4.423.956.165.423.33
Return on Capital Employeed (%) 11.6711.2215.0313.4111.34
Return On Assets (%) 2.151.712.812.371.46
Long Term Debt / Equity (X) 0.160.270.230.260.29
Total Debt / Equity (X) 0.680.830.850.920.86
Asset Turnover Ratio (%) 0.920.941.080.970.70
Current Ratio (X) 1.381.331.371.341.30
Quick Ratio (X) 0.470.370.390.420.35
Inventory Turnover Ratio (X) 2.451.381.631.460.99
Dividend Payout Ratio (NP) (%) 3.564.422.943.563.06
Dividend Payout Ratio (CP) (%) 1.711.871.561.721.07
Earning Retention Ratio (%) 96.4495.5897.0696.4496.94
Cash Earning Retention Ratio (%) 98.2998.1398.4498.2898.93
Interest Coverage Ratio (X) 2.262.112.532.352.05
Interest Coverage Ratio (Post Tax) (X) 1.531.411.691.551.32
Enterprise Value (Cr.) 298.40242.95204.71219.80190.73
EV / Net Operating Revenue (X) 0.740.650.500.620.79
EV / EBITDA (X) 7.116.584.785.815.86
MarketCap / Net Operating Revenue (X) 0.370.250.140.200.25
Retention Ratios (%) 96.4395.5797.0596.4396.93
Price / BV (X) 0.680.530.340.430.38
Price / Net Operating Revenue (X) 0.370.250.140.200.25
EarningsYield 0.060.070.180.120.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

HIM Teknoforge Ltd. is a Public Limited Listed company incorporated on 27/03/1971 and has its registered office in the State of Himachal Pradesh, India. Company's Corporate Identification Number(CIN) is L29130HP1971PLC000904 and registration number is 000904. Currently Company is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company's Total Operating Revenue is Rs. 402.98 Cr. and Equity Capital is Rs. 1.89 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Gears & DriveVillage Billanwali, Baddi, Solan District Himachal Pradesh 173205Contact not found
Management
NamePosition Held
Mr. Vijay AggarwalChairman & Managing Director
Mr. Rajiv AggarwalJoint Managing Director
Mr. Harpal SinghIndependent Director
Mr. RaviKant DhawanIndependent Director
Mrs. Kiran Raghuvinder SinghIndependent Director
Mr. Kuldip Narain GuptaIndependent Director

FAQ

What is the intrinsic value of Him Teknoforge Ltd and is it undervalued?

As of 20 April 2026, Him Teknoforge Ltd's intrinsic value is ₹165.75, which is 11.36% lower than the current market price of ₹187.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.93 %), book value (₹238), dividend yield (0.27 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Him Teknoforge Ltd?

Him Teknoforge Ltd is trading at ₹187.00 as of 20 April 2026, with a FY2026-2027 high of ₹272 and low of ₹152. The stock is currently in the middle of its 52-week range. Market cap stands at ₹193 Cr..

How does Him Teknoforge Ltd's P/E ratio compare to its industry?

Him Teknoforge Ltd has a P/E ratio of 14.9, which is below the industry average of 24.27. This is broadly in line with or below the industry average.

Is Him Teknoforge Ltd financially healthy?

Key indicators for Him Teknoforge Ltd: ROCE of 9.33 % is on the lower side compared to the industry average of 7.57%; ROE of 4.93 % is below ideal levels (industry average: 8.38%). Dividend yield is 0.27 %.

Is Him Teknoforge Ltd profitable and how is the profit trend?

Him Teknoforge Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹402 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows an improving trend.

Does Him Teknoforge Ltd pay dividends?

Him Teknoforge Ltd has a dividend yield of 0.27 % at the current price of ₹187.00. The company pays dividends, though the yield is modest.

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 Him Teknoforge 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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