About
Hindustan Hardy Limited engages in the designing, manufacturing, and sale of propeller shafts and other accessories in India and internationally. The company provides double cardan shafts for agricultural tractors, backhoe loaders, telescoping handlers, 4wd SUVs, all-terrain lift trucks, wheeled excavators, and cement mixers; propeller shafts, including universal joint and end fitment variants; universal joint kits; and flange yokes, slip yoke assemblies, agricultural yokes, steering joints and centre bearings, as well as stand-alone components and sub-assemblies. It serves automotive, agricultural, off-highway, industrial, and aftermarket sectors. The company was formerly known as Hindustan Hardy Spicer Limited and changed its name to Hindustan Hardy Limited in July 2018. The company was founded in 1961 and is based in Nashik, India. Hindustan Hardy Limited operates as a subsidiary of XLO India Private Limited.
Key Metrics
as of Sep 2026Market Cap105 Cr
P/E15.90
Div Yield0.40 %
Book Value₹250.00
52w High₹1,350.00
52w Low₹657.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.35 | 29.62 | 27.10 | 25.33 | 26.75 | 25.10 | 19.90 | 19.92 | 16.53 | 18.05 | 16.85 | 16.54 | 16.40 |
| Expenses | 22.48 | 26.91 | 24.60 | 22.68 | 22.56 | 21.34 | 18.08 | 17.08 | 15.21 | 16.01 | 15.15 | 15.13 | 14.04 |
| Operating Profit | 1.87 | 2.71 | 2.50 | 2.65 | 4.19 | 3.76 | 1.82 | 2.84 | 1.32 | 2.04 | 1.70 | 1.41 | 2.36 |
| OPM % | 7.68 | 9.15 | 9.23 | 10.46 | 15.66 | 14.98 | 9.15 | 14.26 | 7.99 | 11.30 | 10.09 | 8.52 | 14.39 |
| Other Income | 0.26 | 0.32 | 0.14 | 0.38 | 0.31 | 0.23 | 0.07 | 0.18 | 0.04 | 0.04 | 0.15 | 0.00 | 0.11 |
| Depreciation | 0.43 | 0.41 | 0.40 | 0.35 | 0.35 | 0.31 | 0.29 | 0.27 | 0.25 | 0.25 | 0.26 | 0.24 | 0.23 |
| Interest | 0.08 | 0.08 | 0.11 | 0.07 | 0.09 | 0.09 | 0.00 | 0.05 | 0.04 | 0.08 | 0.04 | 0.05 | 0.07 |
| Profit before tax | 1.62 | 2.54 | 2.13 | 2.61 | 4.06 | 3.59 | 1.60 | 2.70 | 1.07 | 1.75 | 1.55 | 1.12 | 2.17 |
| Tax % | 27.16 | 25.98 | 26.29 | 25.29 | 26.35 | 26.46 | 23.75 | 28.15 | 25.23 | 27.43 | 25.81 | 26.79 | 25.81 |
| Net Profit | 1.18 | 1.88 | 1.58 | 1.94 | 2.98 | 2.64 | 1.22 | 1.94 | 0.79 | 1.27 | 1.16 | 0.83 | 1.61 |
| EPS in Rs | 7.87 | 12.55 | 10.54 | 12.95 | 19.89 | 17.62 | 8.14 | 12.95 | 5.27 | 8.48 | 7.74 | 5.54 | 10.74 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 109.00 | 81.00 | 68.00 | 63.00 | 63.00 | 45.00 | 39.00 | 47.00 | 38.00 | 37.00 | 55.00 | 52.00 |
| Expenses | 97.00 | 72.00 | 60.00 | 57.00 | 57.00 | 39.00 | 38.00 | 44.00 | 37.00 | 36.00 | 53.00 | 51.00 |
| Operating Profit | 12.00 | 10.00 | 8.00 | 6.00 | 6.00 | 5.00 | 1.00 | 3.00 | 1.00 | 1.00 | 2.00 | 1.00 |
| OPM % | 11.00 | 12.00 | 11.00 | 9.00 | 9.00 | 12.00 | 2.00 | 6.00 | 2.70 | 1.70 | 3.70 | 1.90 |
| Other Income | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 |
| Profit before tax | 11.00 | 9.00 | 7.00 | 5.00 | 5.00 | 4.00 | 0.00 | 2.00 | 1.00 | -1.00 | 1.00 | -2.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 27.00 | 27.00 | 28.00 | 77.00 | 77.00 | 1.00 | -6.00 | 16.00 | -26.00 |
| Net Profit | 8.00 | 7.00 | 5.00 | 4.00 | 4.00 | 3.00 | 0.00 | 0.00 | 1.00 | -1.00 | 1.00 | -2.00 |
| EPS in Rs | 55.92 | 43.98 | 32.50 | 25.63 | 24.56 | 21.22 | 0.20 | 2.60 | 6.07 | -5.21 | 3.74 | -10.48 |
| Dividend Payout % | 5.00 | 6.00 | 8.00 | 9.00 | 8.00 | 9.00 | 0.00 | 46.00 | 0.00 | 0.00 | 13.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Reserves | 36.00 | 28.00 | 22.00 | 17.00 | 13.00 | 10.00 | 7.00 | 7.00 | 7.00 | 6.00 | 7.00 | 6.00 |
| Borrowings | 9.00 | 8.00 | 4.00 | 4.00 | 6.00 | 4.00 | 4.00 | 5.00 | 4.00 | 5.00 | 6.00 | 7.00 |
| Other Liabilities | 17.00 | 19.00 | 15.00 | 14.00 | 12.00 | 15.00 | 11.00 | 12.00 | 12.00 | 10.00 | 14.00 | 12.00 |
| Total Liabilities | 64.00 | 56.00 | 43.00 | 36.00 | 33.00 | 30.00 | 23.00 | 26.00 | 24.00 | 23.00 | 29.00 | 27.00 |
| Fixed Assets | 14.00 | 11.00 | 7.00 | 7.00 | 7.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 | 6.00 | 6.00 |
| CWIP | 6.00 | 3.00 | 4.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 44.00 | 42.00 | 32.00 | 29.00 | 26.00 | 25.00 | 18.00 | 21.00 | 20.00 | 19.00 | 23.00 | 20.00 |
| Total Assets | 64.00 | 56.00 | 43.00 | 36.00 | 33.00 | 30.00 | 23.00 | 26.00 | 24.00 | 23.00 | 29.00 | 27.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | 2.00 | 6.00 | 5.00 | 1.00 | 2.00 | 4.00 | 0.00 | 2.00 | 1.00 | 3.00 | 2.00 |
| Cash from Investing Activity | -7.00 | -5.00 | -4.00 | -1.00 | -2.00 | -1.00 | -2.00 | -1.00 | 0.00 | 1.00 | -1.00 | -1.00 |
| Cash from Financing Activity | 1.00 | 3.00 | 0.00 | -3.00 | 2.00 | 0.00 | -2.00 | 1.00 | -2.00 | -2.00 | -1.00 | -2.00 |
| Net Cash Flow | 1.00 | 0.00 | 2.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 0.00 | -4.00 | 2.00 | 4.00 | -1.00 | 1.00 | 3.00 | -1.00 | 2.00 | 2.00 | 2.00 | 1.00 |
| CFO/OP % | 81.00 | 47.00 | 109.00 | 104.00 | 38.00 | 50.00 | 482.00 | 38.00 | 196.00 | 187.00 | 125.00 | 268.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74.00 | 119.00 | 109.00 | 113.00 | 111.00 | 140.00 | 94.00 | 104.00 | 117.00 | 89.00 | 75.00 | 74.00 |
| Inventory Days | 71.00 | 80.00 | 69.00 | 65.00 | 52.00 | 87.00 | 96.00 | 77.00 | 76.00 | 66.00 | 55.00 | 56.00 |
| Days Payable | 87.00 | 130.00 | 110.00 | 113.00 | 103.00 | 168.00 | 138.00 | 124.00 | 155.00 | 133.00 | 133.00 | 117.00 |
| Cash Conversion Cycle | 58.00 | 68.00 | 67.00 | 65.00 | 60.00 | 58.00 | 52.00 | 57.00 | 38.00 | 22.00 | -4.00 | 13.00 |
| Working Capital Days | 49.00 | 60.00 | 54.00 | 59.00 | 46.00 | 42.00 | 14.00 | 12.00 | 6.00 | -18.00 | -15.00 | -16.00 |
| ROCE % | 28.00 | 28.00 | 28.00 | 26.00 | 29.00 | 34.00 | 4.00 | 16.00 | 11.00 | 0.00 | 12.00 | -8.00 |
Corporate Actions
16 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 08 Sep 2025 | 09 Sep 2025 | — | 2.80 | |
| Dividend | 17 Sep 2024 | — | — | 2.50 | |
| Dividend | 12 Sep 2023 | — | — | 2.20 | |
| Dividend | 20 Sep 2022 | — | — | 2.00 | |
| Dividend | 21 Sep 2021 | — | — | 2.00 | |
| Dividend | 26 Jul 2019 | — | — | 1.20 | |
| Dividend | 12 Aug 2016 | — | — | 0.50 | |
| Other | 28 Aug 2015 | — | — | — | Dividend |
| Dividend | 28 Jul 2014 | — | — | 3.00 | |
| Dividend | 26 Jun 2013 | — | — | 3.00 | |
| Dividend | 14 Sep 2012 | — | — | 5.00 | |
| Dividend | 20 Jun 2011 | — | — | 3.00 | |
| Dividend | 20 May 2010 | — | — | 1.00 | |
| Dividend | 21 May 2009 | — | — | 1.00 | |
| Dividend | 28 May 2008 | — | — | 3.50 | |
| Dividend | 28 Aug 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update4 Nov 2025 from crisil
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Rating update7 Aug 2024 from crisil
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Rating update22 May 2023 from crisil
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Rating update26 Apr 2023 from crisil
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Rating update31 Jan 2022 from crisil
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Rating update18 Jan 2022 from crisil