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Hindustan Appliances Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹118.29Undervalued by 22.96%vs CMP ₹96.20

P/E (964.0) × ROE (1.0%) × BV (₹14.60) × DY (2.00%)

₹53.45Overvalued by 44.44%vs CMP ₹96.20
MoS: -80% (Negative)Confidence: 49/100 (Moderate)Models: 1 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹127.4239%Under (+32.5%)
Graham NumberEarnings₹5.7323%Over (-94%)
Net Asset ValueAssets₹14.6513%Over (-84.8%)
Earnings YieldEarnings₹1.0013%Over (-99%)
ROCE CapitalReturns₹2.9913%Over (-96.9%)
Consensus (5 models)₹53.45100%Overvalued
Key Drivers: P/E of 964 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 1.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.7%

*Investments are subject to market risks

Analyst Summary

Hindustan Appliances Ltd operates in the Trading & Distributors segment, NSE: HINDAPL | BSE: 531918, current market price is ₹96.20, market cap is 96.4 Cr.. At a glance, stock P/E is 964, ROE is 1.03 %, ROCE is 0.30 %, book value is 14.6, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹53.45, around 44.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹0 Cr, while latest net profit is about ₹0 Cr with a prior-period change of 15.4%. The 52-week range shown on this page is 238/75.4, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHindustan Appliances Ltd. is a Public Limited Listed company incorporated on 20/12/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Hindustan Appliances Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

38
Hindustan Appliances Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health30/100 · Weak
ROCE 0.3% WeakROE 1.0% WeakD/E 2.37 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 70.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 0% Steady
Quarterly Momentum40/100 · Moderate
Profit (4Q): -44% YoY Declining
Industry Rank20/100 · Weak
P/E 964.0 vs industry 240.6 Premium to peersROCE 0.3% vs industry 6.4% Below peersROE 1.0% vs industry 5.1% Below peers

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: May 5, 2026, 3:26 am

Market Cap 96.4 Cr.
Current Price 96.2
Intrinsic Value₹53.45
High / Low 238/75.4
Stock P/E964
Book Value 14.6
Dividend Yield0.00 %
ROCE0.30 %
ROE1.03 %
Face Value 10.0
PEG Ratio124.96

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

View Share Price Target for Hindustan Appliances Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hindustan Appliances Ltd 96.4 Cr. 96.2 238/75.4964 14.60.00 %0.30 %1.03 % 10.0
Shiv Aum Steels Ltd 480 Cr. 353 375/26089.6 86.90.00 %10.7 %8.73 % 10.0
Mukta Agriculture Ltd 6.50 Cr. 3.00 3.78/2.1165.0 10.20.00 %0.57 %0.63 % 10.0
Hindustan Bio Sciences Ltd 9.08 Cr. 8.86 10.3/5.0064.9 0.840.00 %2.95 %11.8 % 2.00
MKP Mobility Ltd 40.2 Cr. 118 152/97.019.6 22.30.00 %19.6 %4.35 % 10.0
Industry Average1,176.00 Cr119.71240.6222.670.00%6.43%5.06%7.57

All Competitor Stocks of Hindustan Appliances Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses 0.120.100.120.100.120.110.090.120.130.140.110.110.16
Operating Profit -0.12-0.10-0.12-0.10-0.12-0.11-0.09-0.12-0.13-0.14-0.11-0.11-0.16
OPM %
Other Income 0.080.120.130.130.140.150.150.150.160.160.150.150.15
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax -0.040.020.010.030.020.040.060.030.030.020.040.04-0.01
Tax % 0.00%0.00%0.00%33.33%0.00%-50.00%0.00%0.00%0.00%0.00%0.00%25.00%-100.00%
Net Profit -0.040.020.010.020.020.060.060.030.030.020.040.040.00
EPS in Rs -0.040.020.010.020.020.060.060.030.030.020.040.040.00

Last Updated: March 3, 2026, 9:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:15 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses 0.020.060.100.110.150.190.320.340.650.390.420.470.52
Operating Profit -0.02-0.06-0.10-0.11-0.15-0.19-0.32-0.34-0.65-0.39-0.42-0.47-0.52
OPM %
Other Income 0.750.760.720.590.540.470.540.450.300.340.550.620.61
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax 0.730.700.620.480.390.280.220.11-0.35-0.050.130.150.09
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 0.500.480.430.330.280.210.160.08-0.35-0.050.130.150.10
EPS in Rs 0.500.480.430.330.280.210.160.08-0.35-0.050.130.150.10
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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.

Balance Sheet

Last Updated: March 3, 2026, 3:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9.999.999.999.999.999.999.999.999.999.999.999.999.99
Reserves 2.763.253.674.004.294.494.664.734.384.334.474.614.69
Borrowings 35.4034.9334.8534.9434.6834.6434.7934.9635.4335.8635.8336.0036.00
Other Liabilities 0.020.020.030.050.090.060.070.100.090.050.150.120.15
Total Liabilities 48.1748.1948.5448.9849.0549.1849.5149.7849.8950.2350.4450.7250.83
Fixed Assets 0.300.240.190.152.462.422.412.402.402.392.392.402.40
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 2.502.422.432.430.100.100.100.100.100.100.100.100.10
Other Assets 45.3745.5345.9246.4046.4946.6647.0047.2847.3947.7447.9548.2248.33
Total Assets 48.1748.1948.5448.9849.0549.1849.5149.7849.8950.2350.4450.7250.83

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.54-0.41-0.77-0.52-0.69-0.47-0.42-0.38-0.43-0.25-0.60-0.48
Cash from Investing Activity + 0.000.08-0.01-0.010.000.000.000.000.300.340.550.62
Cash from Financing Activity + 0.750.290.640.680.540.470.540.450.000.000.000.00
Net Cash Flow 0.21-0.04-0.140.15-0.160.000.130.07-0.130.10-0.050.14
Free Cash Flow -0.54-0.41-0.78-0.53-0.69-0.47-0.42-0.38-0.43-0.25-0.60-0.48
CFO/OP 1,550%317%580%336%393%211%112%103%66%64%143%102%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-35.42-34.99-34.95-35.05-34.83-34.83-35.11-35.30-36.08-36.25-36.25-36.47

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
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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.82%70.82%70.82%70.82%70.82%70.82%70.82%70.82%70.82%70.82%70.82%70.82%
Public 29.18%29.18%29.18%29.18%29.18%29.17%29.18%29.19%29.19%29.19%29.19%29.19%
No. of Shareholders 1,6931,6981,6971,6971,7081,7071,7952,4412,5702,5772,6602,685

Shareholding Pattern Chart

No. of Shareholders

Hindustan Appliances 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.) 0.150.13-0.05-0.350.08
Diluted EPS (Rs.) 0.150.13-0.05-0.350.08
Cash EPS (Rs.) 0.140.13-0.04-0.350.07
Book Value[Excl.RevalReserv]/Share (Rs.) 14.6214.4714.3414.3914.74
Book Value[Incl.RevalReserv]/Share (Rs.) 14.6214.4714.3414.3914.74
PBDIT / Share (Rs.) 0.140.13-0.04-0.350.10
PBIT / Share (Rs.) 0.140.13-0.04-0.350.10
PBT / Share (Rs.) 0.140.13-0.04-0.350.10
Net Profit / Share (Rs.) 0.140.13-0.04-0.350.07
NP After MI And SOA / Share (Rs.) 0.140.13-0.04-0.350.07
Return on Networth / Equity (%) 1.000.91-0.34-2.430.53
Return on Capital Employeed (%) 1.000.91-0.34-2.450.71
Return On Assets (%) 0.280.26-0.09-0.700.15
Total Debt / Equity (X) 2.472.482.502.462.37
Current Ratio (X) 1.191.191.191.191.21
Quick Ratio (X) 0.280.280.280.280.29
Enterprise Value (Cr.) 121.1480.9229.1428.8228.23
EV / EBITDA (X) 826.35612.55-584.05-81.82268.82
Price / BV (X) 6.443.730.140.140.14
EarningsYield 0.000.00-0.02-0.160.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Hindustan Appliances Ltd. is a Public Limited Listed company incorporated on 20/12/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L18101MH1984PLC034857 and registration number is 034857. Currently company belongs to the Industry of Trading. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 9.99 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & Distributors1301, 13th Floor, Peninsula Business Park, Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Kalpesh Rameshchandra ShahManaging Director
Mr. Sanjay Amratlal DesaiNon Independent Director & CFO
Mr. Girish Manilal BoradiaInd. Non-Executive Director
Mr. Hitesh SangoiInd. Non-Executive Director
Mr. Ganesh Vijay ShiraskarInd. Non-Executive Director

FAQ

What is the intrinsic value of Hindustan Appliances Ltd and is it undervalued?

As of 10 May 2026, Hindustan Appliances Ltd's intrinsic value is ₹53.45, which is 44.44% lower than the current market price of ₹96.20, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.03 %), book value (₹14.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Hindustan Appliances Ltd?

Hindustan Appliances Ltd is trading at ₹96.20 as of 10 May 2026, with a FY2026-2027 high of ₹238 and low of ₹75.4. The stock is currently near its 52-week low. Market cap stands at ₹96.4 Cr..

How does Hindustan Appliances Ltd's P/E ratio compare to its industry?

Hindustan Appliances Ltd has a P/E ratio of 964, which is above the industry average of 240.62. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Hindustan Appliances Ltd financially healthy?

Key indicators for Hindustan Appliances Ltd: ROCE of 0.30 % is on the lower side compared to the industry average of 6.43%; ROE of 1.03 % is below ideal levels (industry average: 5.06%). Dividend yield is 0.00 %.

Is Hindustan Appliances Ltd profitable and how is the profit trend?

Hindustan Appliances Ltd reported a net profit of ₹0 Cr in Mar 2025. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Hindustan Appliances Ltd pay dividends?

Hindustan Appliances Ltd has a dividend yield of 0.00 % at the current price of ₹96.20. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 3:26 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531918 | NSE: HINDAPL
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 Hindustan Appliances 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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