Hindusthan Engineering And Industries Ltd

DRHP Status : Not Filed

1520

Current Price 1520

Market Cap 2280 Cr

ISIN INE665C01026

Face Value 10

P/E Ratio 10.64

EPS 140.80

P/B Ratio 1.58

Book Value 915.13

Debt to Equity Ratio 0.29

P&L Statement	2021	2022	2023	2024
Revenue	800	943	1756	2754
Cost of Material Consumed	483	528	1267	1947
Gross Margins	39.63	44.01	27.85	29.3
Change in Inventory	-19	40	-60	-72
Employee Benefit Expenses	113	118	140	144
Other Expenses	151	190	289	435
EBITDA	72	67	120	300
OPM	9	7.1	6.83	10.89
Other Income	29	28	27	42
Finance Cost	11	10	19	31
D&A	33	35	34	36
EBIT	39	32	86	264
EBIT Margins	4.88	3.39	4.9	9.59
PBT	56	50	94	276
PBT Margins	7	5.3	5.35	10.02
Tax	16	11	24	69
PAT	40	39	70	207
NPM	5	4.14	3.99	7.52
EPS	26.67	26	47.62	140.82

Financial Ratios	2021	2022	2023	2024
Operating Profit Margin	9	7.1	6.83	10.89
Net Profit Margin	5	4.14	3.99	7.52
Earning Per Share (Diluted)	26.67	26	47.62	140.82

Assets	2021	2022	2023	2024
Fixed Assets	322	301	309	331
CWIP	35	32	49	16
Investments	109	112	112	107
Trade Receivables	159	175	221	251
Inventory	284	246	370	697
Other Assets	603	644	745	820
Total Assets	1512	1510	1806	2222

Liabilities	2021	2022	2023	2024
Share Capital	15	15	14.7	14.7
FV	10	10	10	10
Reserves	1079	1121	1192	1384
Borrowings	173	147	284	410
Trade Payables	91	96	161	280
Other Liabilities	154	131	154.3	133.3
Total Liabilities	1512	1510	1806	2222

Annual Report 2023-2024

Annual Report 2022-2023

Annual Report 2021-2022

Annual Report 2020-2021

Name	Holding
Hindusthan Consultancy And Services Limited	41/44%
Promain Ltd	9.75%
Other Investors	48.81%

Hindusthan Engineering & Industries Ltd (HEIL), a flagship company of the Hindusthan Group, is a diversified engineering company with a focus on rolling stock, railway track materials, and gas-based chemicals. As of March 26, 2025, its unlisted share price is ₹1575.00 per share, with a face value of ₹10.00 per share.

Strengths:

Extensive Industry Experience: With over six decades of operation, HEIL has established a strong market position across its diverse business segments.
Diversified Product Portfolio: HEIL is one of India's largest wagon manufacturers, with a certified annual capacity of 8,400 wagons. Additionally, it holds a significant market share in sodium cyanide production, accounting for over 30% of the market with a capacity of 6,372 metric tons per annum. HEIL India+3Crisil
Robust Order Book: As of September 2024, HEIL had unexecuted orders exceeding ₹3,640 crore from Indian Railways and private clients, providing revenue visibility through fiscal 2027.
Healthy Financial Profile: The company maintains a strong net worth, with a gearing ratio of 0.3 and interest coverage of 8.0 times as of March 2024, indicating financial stability.

Weaknesses:

Exposure to Raw Material Price Fluctuations: HEIL is susceptible to volatility in steel prices, especially for private sector orders that are typically fixed-price contracts without price variation clauses.
Working Capital Intensity: The company's operations are working capital-intensive, necessitating efficient management to maintain liquidity.
Employee Concerns: Some employee reviews indicate issues with quality control processes and limited career growth opportunities, suggesting areas for internal improvement.