Share Price and Basic Stock Data
Last Updated: November 14, 2025, 12:21 pm
| PEG Ratio | 148.72 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Hindustan Appliances Ltd operates in the Trading & Distributors industry, with its share price currently standing at ₹215 and a market capitalization of ₹216 Cr. The company’s performance has been stagnant, as evidenced by its reported sales figures, which have remained at ₹0.00 across multiple quarters from June 2022 to September 2024. This lack of revenue generation raises concerns about the company’s operational viability and market positioning. Despite the absence of sales, Hindustan Appliances has incurred expenses that peaked at ₹0.65 in March 2022 and have since fluctuated around ₹0.39 to ₹0.47 in subsequent years. The company’s inability to convert its operational activities into sales reflects a significant challenge in the competitive landscape of trading and distribution, where firms typically generate consistent revenue streams. The stagnant sales trend suggests a pressing need for strategic initiatives to revitalize growth and establish a foothold in the market.
Profitability and Efficiency Metrics
Hindustan Appliances has reported a net profit of ₹0.12 Cr, translating to a P/E ratio of 1,800, which is extraordinarily high compared to industry standards. The company has experienced fluctuating operating profits, with a notable decline in operating profit margins (OPM) that have not been reported, indicating potential inefficiencies in cost management. The return on equity (ROE) stood at 1.03%, while return on capital employed (ROCE) was recorded at 0.30%, both figures indicating subpar performance relative to industry benchmarks. The operating profit has been negative in several quarters, peaking at -₹0.65 in March 2022, reflecting challenges in converting revenues into profits. The company’s ability to generate income from its operations remains questionable, underscoring the need for improved operational efficiency and cost control measures to enhance profitability in the long term.
Balance Sheet Strength and Financial Ratios
Hindustan Appliances reported total borrowings of ₹36.00 Cr against reserves of ₹4.61 Cr, resulting in a high debt-to-equity ratio of 2.47. This indicates significant leverage, raising concerns over financial stability and the ability to service debt obligations. The current ratio is at 1.19, which is marginally above the typical threshold of 1, suggesting that the company has enough short-term assets to cover its liabilities. However, the quick ratio of 0.28 highlights liquidity challenges, as it indicates that the company may struggle to meet its short-term obligations without relying on inventory sales. The book value per share stands at ₹14.62, while the price-to-book value (P/BV) ratio is at 6.44x, indicating that the stock may be overvalued given the company’s financial performance. Overall, while the current ratio suggests some buffer against short-term pressures, the high debt levels and low liquidity ratios signal potential risks that need to be addressed.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Hindustan Appliances reveals a strong promoter presence, with promoters holding 70.82% of the company. This concentration of ownership may indicate a level of control that could influence strategic decision-making. The public holds 29.19% of the shares, with a gradual increase in the number of shareholders, which rose from 1,693 in September 2022 to 2,577 by June 2025. This growth in the shareholder base could reflect growing interest or confidence in the company’s potential, although the lack of foreign institutional investors (FIIs) and domestic institutional investors (DIIs) may suggest caution among larger investors regarding the company’s performance. The relatively high promoter stake could be viewed positively, as it implies commitment and alignment with shareholder interests, but the overall lack of institutional backing raises concerns about broader market confidence in Hindustan Appliances.
Outlook, Risks, and Final Insight
The outlook for Hindustan Appliances appears challenging given its stagnant revenue growth and high operational inefficiencies. Key strengths include its strong promoter backing and a growing shareholder base, which could provide some stability and potential for future capital inflow. However, significant risks include high debt levels, negative operating profits, and liquidity challenges that could impede growth and operational flexibility. The company must focus on strategic initiatives to enhance its revenue-generating capabilities and manage costs effectively. If Hindustan Appliances can successfully implement measures to improve operational efficiency and financial management, it may position itself for recovery and growth. Conversely, failure to address these critical issues could lead to a continued decline in investor confidence and financial stability.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Hindustan Appliances Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| MKP Mobility Ltd | 44.0 Cr. | 129 | 264/103 | 31.0 | 22.3 | 0.00 % | 19.6 % | 4.35 % | 10.0 |
| Mrugesh Trading Ltd | 0.75 Cr. | 3.06 | 3.06/0.48 | 277 | 0.00 % | 4.43 % | 3.81 % | 1.00 | |
| Mukta Agriculture Ltd | 6.29 Cr. | 2.90 | 7.84/2.52 | 10.3 | 0.00 % | 0.57 % | 0.63 % | 10.0 | |
| Hindustan Bio Sciences Ltd | 7.47 Cr. | 7.29 | 11.7/6.50 | 374 | 0.84 | 0.00 % | 2.95 % | 11.8 % | 2.00 |
| Hindustan Appliances Ltd | 158 Cr. | 157 | 402/85.0 | 1,213 | 14.6 | 0.00 % | 0.30 % | 1.03 % | 10.0 |
| Industry Average | 283.00 Cr | 99.88 | 425.93 | 68.66 | 0.00% | 6.43% | 5.06% | 7.17 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 0.11 | 0.09 | 0.12 | 0.10 | 0.12 | 0.10 | 0.12 | 0.11 | 0.09 | 0.12 | 0.13 | 0.14 | 0.11 |
| Operating Profit | -0.11 | -0.09 | -0.12 | -0.10 | -0.12 | -0.10 | -0.12 | -0.11 | -0.09 | -0.12 | -0.13 | -0.14 | -0.11 |
| OPM % | |||||||||||||
| Other Income | 0.08 | 0.08 | 0.08 | 0.12 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.15 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.03 | -0.01 | -0.04 | 0.02 | 0.01 | 0.03 | 0.02 | 0.04 | 0.06 | 0.03 | 0.03 | 0.02 | 0.04 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.33% | 0.00% | -50.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.03 | -0.01 | -0.04 | 0.02 | 0.01 | 0.02 | 0.02 | 0.06 | 0.06 | 0.03 | 0.03 | 0.02 | 0.04 |
| EPS in Rs | -0.03 | -0.01 | -0.04 | 0.02 | 0.01 | 0.02 | 0.02 | 0.06 | 0.06 | 0.03 | 0.03 | 0.02 | 0.04 |
Last Updated: August 19, 2025, 1:50 pm
Below is a detailed analysis of the quarterly data for Hindustan Appliances Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Expenses, as of Jun 2025, the value is 0.11 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.14 Cr. (Mar 2025) to 0.11 Cr., marking a decrease of 0.03 Cr..
- For Operating Profit, as of Jun 2025, the value is -0.11 Cr.. The value appears strong and on an upward trend. It has increased from -0.14 Cr. (Mar 2025) to -0.11 Cr., marking an increase of 0.03 Cr..
- For OPM %, as of Jun 2025, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00%.
- For Other Income, as of Jun 2025, the value is 0.15 Cr.. The value appears to be declining and may need further review. It has decreased from 0.16 Cr. (Mar 2025) to 0.15 Cr., marking a decrease of 0.01 Cr..
- For Interest, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Depreciation, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 0.04 Cr.. The value appears strong and on an upward trend. It has increased from 0.02 Cr. (Mar 2025) to 0.04 Cr., marking an increase of 0.02 Cr..
- For Tax %, as of Jun 2025, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00%.
- For Net Profit, as of Jun 2025, the value is 0.04 Cr.. The value appears strong and on an upward trend. It has increased from 0.02 Cr. (Mar 2025) to 0.04 Cr., marking an increase of 0.02 Cr..
- For EPS in Rs, as of Jun 2025, the value is 0.04. The value appears strong and on an upward trend. It has increased from 0.02 (Mar 2025) to 0.04, marking an increase of 0.02.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 3:09 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 0.02 | 0.06 | 0.10 | 0.11 | 0.15 | 0.19 | 0.32 | 0.34 | 0.65 | 0.39 | 0.42 | 0.47 | 0.49 |
| Operating Profit | -0.02 | -0.06 | -0.10 | -0.11 | -0.15 | -0.19 | -0.32 | -0.34 | -0.65 | -0.39 | -0.42 | -0.47 | -0.49 |
| OPM % | |||||||||||||
| Other Income | 0.75 | 0.76 | 0.72 | 0.59 | 0.54 | 0.47 | 0.54 | 0.45 | 0.30 | 0.34 | 0.55 | 0.62 | 0.62 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.73 | 0.70 | 0.62 | 0.48 | 0.39 | 0.28 | 0.22 | 0.11 | -0.35 | -0.05 | 0.13 | 0.15 | 0.13 |
| Tax % | 31.51% | 31.43% | 30.65% | 31.25% | 25.64% | 25.00% | 27.27% | 27.27% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | 0.50 | 0.48 | 0.43 | 0.33 | 0.28 | 0.21 | 0.16 | 0.08 | -0.35 | -0.05 | 0.13 | 0.15 | 0.13 |
| EPS in Rs | 0.50 | 0.48 | 0.43 | 0.33 | 0.28 | 0.21 | 0.16 | 0.08 | -0.35 | -0.05 | 0.13 | 0.15 | 0.13 |
| 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% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -4.00% | -10.42% | -23.26% | -15.15% | -25.00% | -23.81% | -50.00% | -537.50% | 85.71% | 360.00% | 15.38% |
| Change in YoY Net Profit Growth (%) | 0.00% | -6.42% | -12.84% | 8.10% | -9.85% | 1.19% | -26.19% | -487.50% | 623.21% | 274.29% | -344.62% |
Hindustan Appliances 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.
No data available for the Balance Sheet data table.
Cash Flow - No data available for this post.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | ||||||||||||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | ||||||||||||
| Working Capital Days | ||||||||||||
| ROCE % | 1.54% | 1.45% | 1.28% | 0.99% | 0.80% | 0.57% | 0.45% | 0.22% | -0.70% | -0.10% | 0.26% | 0.30% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 0.15 | 0.13 | -0.05 | -0.35 | 0.08 |
| Diluted EPS (Rs.) | 0.15 | 0.13 | -0.05 | -0.35 | 0.08 |
| Cash EPS (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.07 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 14.62 | 14.47 | 14.34 | 14.39 | 14.74 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 14.62 | 14.47 | 14.34 | 14.39 | 14.74 |
| PBDIT / Share (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.10 |
| PBIT / Share (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.10 |
| PBT / Share (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.10 |
| Net Profit / Share (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.07 |
| NP After MI And SOA / Share (Rs.) | 0.14 | 0.13 | -0.04 | -0.35 | 0.07 |
| Return on Networth / Equity (%) | 1.00 | 0.91 | -0.34 | -2.43 | 0.53 |
| Return on Capital Employeed (%) | 1.00 | 0.91 | -0.34 | -2.45 | 0.71 |
| Return On Assets (%) | 0.28 | 0.26 | -0.09 | -0.70 | 0.15 |
| Total Debt / Equity (X) | 2.47 | 2.48 | 2.50 | 2.46 | 2.37 |
| Current Ratio (X) | 1.19 | 1.19 | 1.19 | 1.19 | 1.21 |
| Quick Ratio (X) | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 |
| Enterprise Value (Cr.) | 121.14 | 80.92 | 29.14 | 28.82 | 28.23 |
| EV / EBITDA (X) | 826.35 | 612.55 | -584.05 | -81.82 | 268.82 |
| Price / BV (X) | 6.44 | 3.73 | 0.14 | 0.14 | 0.14 |
| EarningsYield | 0.00 | 0.00 | -0.02 | -0.16 | 0.03 |
After reviewing the key financial ratios for Hindustan Appliances Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 0.15. This value is below the healthy minimum of 5. It has increased from 0.13 (Mar 24) to 0.15, marking an increase of 0.02.
- For Diluted EPS (Rs.), as of Mar 25, the value is 0.15. This value is below the healthy minimum of 5. It has increased from 0.13 (Mar 24) to 0.15, marking an increase of 0.02.
- For Cash EPS (Rs.), as of Mar 25, the value is 0.14. This value is below the healthy minimum of 3. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 14.62. It has increased from 14.47 (Mar 24) to 14.62, marking an increase of 0.15.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 14.62. It has increased from 14.47 (Mar 24) to 14.62, marking an increase of 0.15.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 0.14. This value is below the healthy minimum of 2. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For PBIT / Share (Rs.), as of Mar 25, the value is 0.14. This value is within the healthy range. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For PBT / Share (Rs.), as of Mar 25, the value is 0.14. This value is within the healthy range. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 0.14. This value is below the healthy minimum of 2. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 0.14. This value is below the healthy minimum of 2. It has increased from 0.13 (Mar 24) to 0.14, marking an increase of 0.01.
- For Return on Networth / Equity (%), as of Mar 25, the value is 1.00. This value is below the healthy minimum of 15. It has increased from 0.91 (Mar 24) to 1.00, marking an increase of 0.09.
- For Return on Capital Employeed (%), as of Mar 25, the value is 1.00. This value is below the healthy minimum of 10. It has increased from 0.91 (Mar 24) to 1.00, marking an increase of 0.09.
- For Return On Assets (%), as of Mar 25, the value is 0.28. This value is below the healthy minimum of 5. It has increased from 0.26 (Mar 24) to 0.28, marking an increase of 0.02.
- For Total Debt / Equity (X), as of Mar 25, the value is 2.47. This value exceeds the healthy maximum of 1. It has decreased from 2.48 (Mar 24) to 2.47, marking a decrease of 0.01.
- For Current Ratio (X), as of Mar 25, the value is 1.19. This value is below the healthy minimum of 1.5. There is no change compared to the previous period (Mar 24) which recorded 1.19.
- For Quick Ratio (X), as of Mar 25, the value is 0.28. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.28.
- For Enterprise Value (Cr.), as of Mar 25, the value is 121.14. It has increased from 80.92 (Mar 24) to 121.14, marking an increase of 40.22.
- For EV / EBITDA (X), as of Mar 25, the value is 826.35. This value exceeds the healthy maximum of 15. It has increased from 612.55 (Mar 24) to 826.35, marking an increase of 213.80.
- For Price / BV (X), as of Mar 25, the value is 6.44. This value exceeds the healthy maximum of 3. It has increased from 3.73 (Mar 24) to 6.44, marking an increase of 2.71.
- For EarningsYield, as of Mar 25, the value is 0.00. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.00.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
Unable to fetch valid data for stock valuation.Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Hindustan Appliances Ltd:
- Net Profit Margin: 0%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 1% (Industry Average ROCE: 6.43%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 1% (Industry Average ROE: 5.06%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 0
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.28
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 1 (Industry average Stock P/E: 425.93)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 2.47
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 0%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Trading & Distributors | 1301, 13th Floor, Peninsula Business Park, Mumbai Maharashtra 400013 | info.roc7412@gmail.com http://www.hindustan-appliances.in |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Kalpesh Rameshchandra Shah | Managing Director |
| Mr. Sanjay Amratlal Desai | Non Independent Director & CFO |
| Mr. Girish Manilal Boradia | Ind. Non-Executive Director |
| Mr. Hitesh Sangoi | Ind. Non-Executive Director |
| Mr. Ganesh Vijay Shiraskar | Ind. Non-Executive Director |