Saturday, October 25, 2014

HINDUSTAN HARDY SPICER LTD( BSE Code : 505893) - A VALUE PICK

Dear friends,


           Today we are discussing stock from Auto Parts & Equipment sector.

                                     "HINDUSTAN HARDY SPICER LTD"

 

 

Hindustan hardy is 1.5cr equity company listed only in BSE( Code : 505893). Promoter holding good 66.23% stake (Indian 40.23% foreign 26.03%) company posted 48.50cr sales with 0.85cr profit an EPS of 5.65  last year.

 " Spicer Gelenkwellembau Gmbh" foreign group holding 26% stake and well known Indian group Xlo India Ltd holding 40% stake in promoter group.

 Company established in 1982. To meet the ever increasing market requirements, Company have made a continuous improvement in the supply of various genuine and trusted.Hind hardy  is a leading Retailer for the Products which also includes Double Cardan Shaft & Hubs since 2007.

   To become one of the top ten Propshaft manufacturer in the world, serving automotive, industrial and agricultural markets.



CUSTOMERS



For Cars, Utility Vehicles & Three Wheelers:

 
     
     
 
Sr.No
Customers
Product
Vehicle Models
1.
  Mahindra & Mahindra Ltd., Auto Div. Kandivli   Steering Gear, Steering  Joint & Steering Column Assy.   CL, CDR & MM 540
2.
  Hulas Motors Ltd., Nepal.   Steering Gear, Steering  Joint & Steering Column Assy.   Utility Vehicle (Sherpa)
3.
  Bajaj Tempo Ltd.   Steering Joint Assy.   Utility Vehicle (Trax)
4.
  Hindustan Motors Ltd.   Steering Column Assy.   Ambassadar (Nova)
5.
  Arjun Motors Ltd.   Steering Rack & Pinion Set.   Car
6.
  Mahindra & Mahindra Ltd., Auto - Div. Zaheerabad.   Steering Gear Assy., Steering Joint & Steering Column Assy.   3 Wheeler (Champion)
7.
  Scooters India Ltd.   Steering Gear Assy.   3 Wheeler (Vikram)
8.
  Sooraj Automobiles Ltd.   Steering Gear Assy.   3 Wheeler
 
     
   
For Light & Medium Commercial Vehicles:


 
 
 
Sr.No
Customers
Product
Vehicle Models
1.
  Mahindra & Mahindra Ltd., Auto - Div. Zaheerabad.   Steering Gear Assy.   FJ - All Models
2.
  Bajaj Tempo Ltd.   Steering Sleeve & Sliding Shaft Assy.   Excel - All Models, Tempo Traveler
3.
  Eicher Motors Ltd.   Steering Column Assy. & Universal Joint   CV (Canter)
MCV
HCV (20.16)
4.
  Swaraj Mazda Ltd.   Steering Column Assy. & Steering Joint   LCV - All Models
 
       
   For Tractors :


 
 
Sr.No
Customers
Product
Vehicle Models
1.
  Mahindra & Mahindra Ltd.   Steering Gear Assy
Steering Column Assy.
  Surpanch, Bhumiputra & All BIC Models
Arjun Tractor &Tractors with Power Steering Gears.
2.
  TAFE Ltd.   Steering Gear Assy.   All Tractor Models
3.
  Punjab Tractor Ltd.   Steering Gear Assy.   Models 724, 730, 733, 735
4.
  International Tractors Ltd. Hoshiyarpur   Steering Gear Assy.   Sonalica All Models
5.
  VST Tillers Tractors Ltd., Bangalore.   Steering Gear Assy.   20 HP. Model
6.
  Standard Combines Ltd., Barnala   Steering Gear Assy.   All Models
7.
  Mahindra Gujarat Tractor, Baroda.   Steering Gear Assy.   65 to 80 HP Model
8.
  Indofarm Ltd.,  Baddi   Steering Gear Assy.   All Tractors Models
9.
  Preet Tractors Ltd.,   Steering Gear Assy.   All Tractors Models
 
       
   
For Forklifts:


 
 
 
Sr.No
Customers
Product
Vehicle Models
1.
  Godrej   Steering Gear Assy.   2 Tonnes Fork Lifts
2.
  Voltas   Steering Gear Assy.   2 Tonnes Fork Lifts
3.
  Mackneil Engg.   Steering Gear Assy.   2 Tonnes Fork Lifts
 
 
 

 
 
 
Export :
Direct or Indirect to countries: – Nepal, Sri Lanka, Singapore, Iran & UK       


 Achievements


  •  1984 - FORMATION OF XLO - GWB
  • 1995 - COMPANY NAME CHANGED TO HINDUSTAN HARDY   SPICER LTD & ISO 9002 CERTIFICATION 
  • 1997 - ISO 9001 CERTIFICATION
  • 1999 - INTRODUCED COMPACT 2000 SERIES FOR VOLVO
  • 2001 - QS 9000 CERTIFICATION
  • 2003 - IMPLEMENTATION OF IN HOUSE DEVELOPED ERP SYSTEM. APPROVAL AS OEM SUPPLIER BY CASE NEW HOLLAND.
  • 2004 - TS16949, ISO9001:2000 CERTIFICATION  & ISO 14001 EMS CERTIFICATION
  • 2005 - APPROVAL RECEIVED FROM  CNH TO START PRODUCTION SUPPLIES
  • 2006 - PRODUCTION SUPPLIES TO  ALL CNH PLANTS IN EUROPE
  • 2007 - RECEIVED ACMA EXPORT EXCELLENCE AWARD IN SME CATEGORY
  • 2008 - ACHIEVED EXPORT TURNOVER OF 14.26 MILLION
  • 2009 - ACHIEVED 46% EXPORT OF TOTAL MANUFACTURING.
  • 2009 - ONCE AGAIN RECEIVED ACMA EXPORT EXCELLENCE AWARD IN SME CATEGORY.  
      Now company shares trading @150 level long term investors can buy current market price for good return. 

DISCLOSURE: I am holding this share.







 

 

























  

 

10 comments:

  1. Could you please share your views on Hinduja Foundries. thank you for all the great service

    ReplyDelete
    Replies
    1. Management is good but bottom line is a concern, I am not closely tracked this stock.

      Delete
  2. Sir
    I have not seen you suggesting any names from the pharma sector. any reasons? Can you please suggest the ones you feel ok. thank you in advance.

    ReplyDelete
  3. why this share going in lower circuit immediately after your recommendation. Is it a pump and dump strategy by operators.

    ReplyDelete
    Replies
    1. Dear friend,
      just confirming you I am not fixing any operators to manipulate my recommended stocks,I am not that type of bloger what little knowledge I got sharing to my reader. ONE THINK REMEMBER ANY STOCK OPERATORS DUMPING MEANS ONLY IN UPPER CRICUIT NOT LOWER CIRCUIT, HOW DUMP SHARES IN LOWER FREEZ? ,STOCK MARKET IS CRAZY ABOUT UPPER FREEZ ,ONE STOCK HIT UP FREEZ THEN BUYERS ARE COMING THAT TIME OPERATORS MAY DUMP,ACTUALLY LOWER CIRCUIT IN GOOD STOCK IS BUYING OPPORTUNITY. IAM NOT BOTHERED ABOUT CIRCUITS, IF ANY VALUE IN COMPANY SHOULD CATCH UP IN BULL MARKET.

      Delete
    2. ok dear. thank you for the prompt reply. infact I was just clarifying my thought with you. thanks for the reply

      Delete
  4. Dear sir,

    Can you throu somelight on aimco pesticides, result is to come in next monthand have some qquantity..
    One more query about Moschip semiconductor, this time nothing in this but it seems this is to turn around soon.
    Your views please

    ReplyDelete
  5. Dear Sir
    Did you see the latest quarterly result of Hind Hardy? They were suppose to publish on 5.11. Did they postpone. Normally you also publish the summary which has not happened. hence thought of checking with you. thank you

    ReplyDelete
  6. pl post your update after sept14 result of Hind Hardy.can i hold or switch to some good stock.

    ReplyDelete