Platform	Last Traded Price	Min Quantity

Strengths & Weaknesses

Strengths

Established Market Position: HEIL is a leading player in engineering products, jute, and chemicals, with key distinctions like being India’s largest wagon manufacturer (8,400 wagons/year) and holding a 30% market share in Sodium Cyanide production. Its diverse end-user base across multiple industries reduces reliance on any single sector.

Revenue Growth: Engineering products now contribute 79% of revenue, up from 62% in FY23, driven by strong order inflows from Indian Railways (IR) and private players.

Healthy Order Book: Unexecuted orders worth ₹2,450 crore as of November 2023 provide revenue visibility through FY26. The company actively bids to maintain its market position.

Robust Financial Profile: Strong net worth of ₹1,193 crore (March 2023) and stable leverage ratios (gearing: 0.2x, interest coverage: ~5x) ensure healthy debt metrics supported by sustained profitability.

Weaknesses

Raw Material Risks: HEIL faces exposure to fluctuating prices of steel (engineering) and natural gas (chemicals), with limited pricing power for IR contracts and fixed-price private orders. Operating margins, while improving to 9.7% in H1 FY24, remain sensitive to cost variations.

Regulatory Constraints: The jute industry is regulated by government policies like minimum support prices (MSP), impacting end-product pricing and profitability.

Working Capital Intensity: HEIL’s operations are working capital-heavy, with gross current assets of ~190 days as of March 2023. However, back-to-back supplier contracts and healthy accruals mitigate liquidity risks.

Balance Sheet	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Equity Capital	14.71	14.71	15.00	15.00	15.00	15.00
Reserves and Surplus	1,384.09	1,192.23	1,121.09	1,079.44	1,045.00	1,021.60
Total Equity	1,398.80	1,206.94	1,136.09	1,094.44	1,060.00	1,036.61
Long Term Borrowings	-	-	0.15	1.24	0.48	0.86
Other Long Term Liabilities	68.95	73.66	78.42	84.56	82.78	95.05
Total Non-Current Liabilities	68.95	73.66	78.57	85.80	83.26	95.91
Short Term Borrowings	410.33	283.82	146.59	172.30	142.63	115.19
Other Current Liabilities	344.09	242.06	148.78	159.66	158.83	168.01
Total Current Liabilities	754.42	525.88	295.37	331.96	301.46	283.20
Equity + Liabilities	2,222.17	1,806.48	1,510.03	1,512.20	1,444.72	1,415.71
Fixed Assets (incl. WIP)	375.09	357.31	348.00	370.95	382.84	397.80
Other Non Current Assets	208.95	183.68	288.50	164.57	145.70	169.25
Total Non Current Assets	584.04	540.99	636.50	535.52	528.54	567.05
Trade Receivables	250.63	220.94	175.59	158.65	154.73	137.91
Cash and Bank Balances	19.31	63.10	132.73	238.22	226.19	166.30
Other Current Assets	1,368.19	981.45	565.21	579.81	535.25	544.46
Total Current Assets	1,638.13	1,265.49	873.53	976.68	916.18	848.67
Total Assets	2,222.17	1,806.48	1,510.03	1,512.20	1,444.72	1,415.71

Profit & Loss	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Net Revenue	2754.37	1756.16	943.29	800.12	810.19	879.35
Growth %	56.84%	86.17%	17.89%	-1.24%	-7.86%	-
Total Operating Expenses	2,454.17	1,635.56	876.50	728.02	766.72	800.95
Growth %	50.05%	86.60%	20.40%	-5.05%	-4.27%	-
Operating Profit (EBITDA)	300.20	120.60	66.79	72.10	43.46	78.40
Operating Profit Margin %	10.90%	6.87%	7.08%	9.01%	5.36%	8.92%
Other Income	42.33	27.18	28.51	29.04	21.51	31.08
Finance Costs	30.71	18.87	9.65	11.50	14.24	11.68
Depreciation and Amortization Expense	35.85	34.57	35.46	33.21	32.58	32.75
Profit beofore Tax	275.97	94.34	50.19	56.43	18.16	65.05
Income Tax	68.69	24.31	11.45	16.27	-3.52	25.33
Tax %	24.89%	25.77%	22.81%	28.83%	-19.40%	38.94%
Profit After Tax	207.28	70.03	38.74	40.16	21.68	39.72
Growth %	195.99%	80.77%	-3.54%	85.24%	-45.42%	-
PAT %	7.53%	3.99%	4.11%	5.02%	2.68%	4.52%
EPS	140.94	47.49	25.83	26.77	14.45	26.48

Shareholding Pattern

Color	Shareholder	Holding
	Hindusthan Consultancy and Services Ltd	41.43%
	Promain Limited	9.75%
	Associated General Trading Society ltd	4.85%
	Anuradha Investments Limited	4.42%
	Olympic General Trading Ltd	4.26%
	Foster Engineering Industries Ltd	3.69%
	Carbo Industrial Holdings Ltd	3.26%
	Ratlam Industrial Limited	3.14%
	Paramount Enterprises Limited	2.99%
	Orient Bonds And Srock Limited	2.41%
	Hindusthan Business Corporation Limited	1.78%
	Others	18.01%

Fundamentals

Quick Insights

Extensive Industry Experience: HEIL, operational for over six decades, benefits from management's broad expertise across industries, fostering strong supplier and customer relationships and supporting consistent growth. Established Market Position: HEIL is a leading player in engineering products, jute, and chemicals, with key distinctions like being India’s largest wagon manufacturer (8,400 wagons/year) and holding a 30% market share in Sodium Cyanide production. Its diverse end-user base across multiple industries reduces reliance on any single sector. Revenue Growth: Engineering products now contribute 79% of revenue, up from 62% in FY23, driven by strong order inflows from Indian Railways (IR) and private players. Healthy Order Book: Unexecuted orders worth ₹2,450 crore as of November 2023 provide revenue visibility through FY26. The company actively bids to maintain its market position. Robust Financial Profile: Strong net worth of ₹1,193 crore (March 2023) and stable leverage ratios (gearing: 0.2x, interest coverage: ~5x) ensure healthy debt metrics supported by sustained profitability.

Market Cap₹2,498.68 Cr

PE Ratio12.05

EPS₹140.94

Dividend Yield-

Book Value₹951.13 Cr

Debt/Equity0.29

Price/Book1.79

Price/Sales-

Industry PE-

Sales₹2,754.37 Cr

Profit After Tax₹207.28 Cr

Share Capital₹14.71 Cr

Shares Outstanding-

ISININE665C01026

Sectorrailway, chemical, and jute sectors

Symbol-

About Company

About the Company: Hindusthan Engineering and Industries Ltd (HEIL) is a well-focused, innovation-driven and rapidly growing corporation in contemporary India.

Latest News

No news available.

Annual Reports

FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

Board of Directors

Shri Vikram Aditya Mody Executive Chairman

Shri Satish KapurNon-Executive Independent Director

Dr. Ranjan GhoshNon-Executive Independent Director

Smt. Archana AgarwalNon-Executive Independent Director

Shri Anil Kumar Damari SinghExecutive Director (Technical)

Shri M.C. GaubaDirector

Shri R.K. DuggarDirector

Senior Management

Shri P K HimatsingkaCFO

Shri R K AgarwalCompany Secretary

Quick Insights

Extensive Industry Experience: HEIL, operational for over six decades, benefits from management's broad expertise across industries, fostering strong supplier and customer relationships and supporting consistent growth. Established Market Position: HEIL is a leading player in engineering products, jute, and chemicals, with key distinctions like being India’s largest wagon manufacturer (8,400 wagons/year) and holding a 30% market share in Sodium Cyanide production. Its diverse end-user base across multiple industries reduces reliance on any single sector. Revenue Growth: Engineering products now contribute 79% of revenue, up from 62% in FY23, driven by strong order inflows from Indian Railways (IR) and private players. Healthy Order Book: Unexecuted orders worth ₹2,450 crore as of November 2023 provide revenue visibility through FY26. The company actively bids to maintain its market position. Robust Financial Profile: Strong net worth of ₹1,193 crore (March 2023) and stable leverage ratios (gearing: 0.2x, interest coverage: ~5x) ensure healthy debt metrics supported by sustained profitability.

Balance Sheet

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

Equity Capital

14.71

15.00

Reserves and Surplus

1,384.09

1,192.23

1,121.09

1,079.44

1,045.00

1,021.60

Total Equity

1,398.80

1,206.94

1,136.09

1,094.44

1,060.00

1,036.61

Long Term Borrowings

0.15

1.24

0.48

0.86

Other Long Term Liabilities

68.95

73.66

78.42

84.56

82.78

95.05

Total Non-Current Liabilities

68.95

73.66

78.57

85.80

83.26

95.91

Short Term Borrowings

410.33

283.82

146.59

172.30

142.63

115.19

Other Current Liabilities

344.09

242.06

148.78

159.66

158.83

168.01

Total Current Liabilities

754.42

525.88

295.37

331.96

301.46

283.20

Equity + Liabilities

2,222.17

1,806.48

1,510.03

1,512.20

1,444.72

1,415.71

Fixed Assets (incl. WIP)

375.09

357.31

348.00

370.95

382.84

397.80

Other Non Current Assets

208.95

183.68

288.50

164.57

145.70

169.25

Total Non Current Assets

584.04

540.99

636.50

535.52

528.54

567.05

Trade Receivables

250.63

220.94

175.59

158.65

154.73

137.91

Cash and Bank Balances

19.31

63.10

132.73

238.22

226.19

166.30

Other Current Assets

1,368.19

981.45

565.21

579.81

535.25

544.46

Total Current Assets

1,638.13

1,265.49

873.53

976.68

916.18

848.67

Total Assets

2,222.17

1,806.48

1,510.03

1,512.20

1,444.72

1,415.71

Profit & Loss

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

Net Revenue

2754.37

1756.16

943.29

800.12

810.19

879.35

Growth %

56.84%

86.17%

17.89%

-1.24%

-7.86%

Total Operating Expenses

2,454.17

1,635.56

876.50

728.02

766.72

800.95

Growth %

50.05%

86.60%

20.40%

-5.05%

-4.27%

Operating Profit (EBITDA)

300.20

120.60

66.79

72.10

43.46

78.40

Operating Profit Margin %

10.90%

6.87%

7.08%

9.01%

5.36%

8.92%

Other Income

42.33

27.18

28.51

29.04

21.51

31.08

Finance Costs

30.71

18.87

9.65

11.50

14.24

11.68

Depreciation and Amortization Expense

35.85

34.57

35.46

33.21

32.58

32.75

Profit beofore Tax

275.97

94.34

50.19

56.43

18.16

65.05

Income Tax

68.69

24.31

11.45

16.27

-3.52

25.33

Tax %

24.89%

25.77%

22.81%

28.83%

-19.40%

38.94%

Profit After Tax

207.28

70.03

38.74

40.16

21.68

39.72

Growth %

195.99%

80.77%

-3.54%

85.24%

-45.42%

PAT %

7.53%

3.99%

4.11%

5.02%

2.68%

4.52%

EPS

140.94

47.49

25.83

26.77

14.45

26.48

Color

Shareholder

Holding

Hindusthan Consultancy and Services Ltd

41.43%

Promain Limited

9.75%

Associated General Trading Society ltd

4.85%

Anuradha Investments Limited

4.42%

Olympic General Trading Ltd

4.26%

Foster Engineering Industries Ltd

3.69%

Carbo Industrial Holdings Ltd

3.26%

Ratlam Industrial Limited

3.14%

Paramount Enterprises Limited

2.99%

Orient Bonds And Srock Limited

2.41%

Hindusthan Business Corporation Limited

1.78%

Others

18.01%