HHSL

Nashik, India Founded: 1982 • Age: 44 yrs Listed
Manufactures propeller shaft for auutomobiles
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About HHSL

HHSL is a publicly listed company based in Nashik (India) founded in 1982. It manufactures propeller shaft for auutomobiles. It operates on a Auto Components model. The company has 129 employees. Its Indian entity Hindustan Hardy Limited reported revenue of ₹110 Cr. HHSL offers products and services including Hindustan Hardy Spicer Platform. Its focus areas include Automotive, Auto Components, Auto and Powertrain System.

Company details

HHSL operates with a Auto Components model, focusing on dealing with automotive parts, auto components, auto components, and auto. Manufactures propeller shaft for auutomobiles. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.

  • Headquarters Nashik, India
  • Employees 129
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Website hhsl.net
  • Legal Name Hindustan Hardy Limited
  • Date of Incorporation 16 Oct, 1982
  • Jurisdiction Nashik, Maharashtra, India
Operational Areas
Transportation, Automotive & Logistics → Automotive Manufacturing & Components
Key Metrics
  • Market Cap
    ₹123 Cr

    HINDHARD · BSE

  • Share Price
    ₹811.00

    -1.39% today

  • Revenue
    ₹109 Cr

    FY 2025-26 · +33.6% YoY

  • EBITDA
    ₹12.05 Cr

    Margin 11.1%

  • Net Profit
    ₹8.36 Cr

    FY 2025-26 · +26.5% YoY

  • P/E (TTM)
    18.8x

    P/B 3.3x

  • ROE
    25.0%

    ROCE 27.8%

  • Debt / Equity
    0.26

    Interest cover 3.3x

  • Employee Count
    129

Products & Services of HHSL

HHSL offers a comprehensive portfolio of products and services, including Hindustan Hardy Spicer Platform.

Hindustan Hardy Spicer Platform
Automotive

Manufactures propeller shaft for auutomobiles

Board of directors of Hindustan Hardy Limited (HHSL)

Hindustan Hardy Limited is the primary company behind HHSL. The board of Hindustan Hardy Limited currently have 8 directors; the longest-serving is Devaki Sanjaya Saran, appointed in 2015. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Devaki Sanjaya Saran
DIN 06504653
Managing Director08 Sep 201511 yrs 1 moHindustan Hardy Limited
Vijay Narhar Pathak
DIN 02700611
Whole-time director10 Aug 20188 yrs 2 moHindustan Hardy Limited
Navroze Shiamak Marshall
DIN 00085754
Director21 May 20197 yrs 5 moHindustan Hardy Limited
Sanjiv Bhasin
DIN 00001575
Director11 Feb 20224 yrs 8 moHindustan Hardy Limited
Cowasji Jehangir Jehangir
DIN 06625023
Director25 Oct 20242 yrsHindustan Hardy Limited
Arati Sanjaya Saran
DIN 01157284
Director14 Feb 20251 yr 8 moHindustan Hardy Limited
Mallika Saran
DIN 11005015
Whole-time director01 Apr 20251 yr 7 moHindustan Hardy Limited
Aurobind Ashabhai Patel
DIN 00016628
Director13 Mar 20267 moHindustan Hardy Limited

People of HHSL

1 people are tracked at HHSL (1 in leadership); the tracked headcount is 129.

NameRoleGroup
Ashok Rajwade
Managing DirectorLeadership
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IPO & Listings of HHSL

HHSL is a publicly listed company on the BSE with ticker symbol HINDHARD in India, operating in the Auto Ancillaries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onBSE: HINDHARD
  • Listed entityHindustan Hardy Limited
  • Exchange sectorAuto Ancillaries

Financials of HHSL

Exchange-reported figures of Hindustan Hardy Limited, the listed company behind HHSL (BSE: HINDHARD).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹109 Cr
+33.6% YoY
EBITDA
₹12.05 Cr
+23.8% YoY
Profit After Tax
₹8.36 Cr
+26.5% YoY
Net Worth
₹37.50 Cr
+27.0% YoY
Total Assets
₹46.98 Cr
+26.4% YoY
Total Debt
₹9.49 Cr
+23.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10981.4567.8463.0962.5844.6139.10
Revenue growth+33.6%+20.1%+7.5%+0.8%+40.3%+14.1%-
EBITDA12.059.737.515.975.885.130.78
EBITDA margin+11.1%+12.0%+11.1%+9.5%+9.4%+11.5%+2.0%
Profit before tax11.348.956.595.255.014.390.14
Net profit8.366.614.873.783.643.160.05
Net profit margin+7.7%+8.1%+7.2%+6.0%+5.8%+7.1%+0.1%
EPS (₹)55.9243.9832.4925.6124.5721.250.21
Balance sheet
Total assets46.9837.1827.3922.3821.4215.1112.05
Net worth37.5029.5223.3018.5414.9611.518.45
Total debt9.497.664.093.846.463.603.60
Cash & bank4.573.744.162.321.560.760.17
Net working capital25.8221.9916.2514.7413.888.495.06
Cash flow
Cash from operations6.611.646.395.020.761.673.59
Cash from investing(7.03)(5.30)(4.34)(0.97)(2.25)(0.91)(1.73)
Cash from financing1.163.19(0.23)(3.32)2.33(0.15)(1.85)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.3529.6227.1025.3326.7525.1019.9019.92
Revenue growth (YoY)-9.0%+18.0%+36.2%+27.2%+61.8%---
Other income0.260.320.140.380.310.230.070.18
Total expenses22.4826.9024.6022.6822.5621.3518.0817.07
EBITDA1.872.722.502.654.193.751.822.85
EBITDA margin+7.7%+9.2%+9.2%+10.5%+15.7%+14.9%+9.1%+14.3%
Depreciation0.430.410.400.350.350.310.290.27
Interest0.080.080.110.070.090.090.000.05
Profit before tax1.622.552.132.614.063.581.602.71
Tax0.440.660.560.661.070.950.380.76

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.3529.6227.1025.3326.7525.1019.9019.92
Revenue growth (YoY)-9.0%+18.0%+36.2%+27.2%+61.8%---
Other income0.260.320.140.380.310.230.070.18
Total expenses22.4826.9024.6022.6822.5621.3518.0817.07
EBITDA1.872.722.502.654.193.751.822.85
EBITDA margin+7.7%+9.2%+9.2%+10.5%+15.7%+14.9%+9.1%+14.3%
Depreciation0.430.410.400.350.350.310.290.27
Interest0.080.080.110.070.090.090.000.05
Profit before tax1.622.552.132.614.063.581.602.71
Tax0.440.660.560.661.070.950.380.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10981.4567.8463.0962.5844.6139.10
Revenue growth+33.6%+20.1%+7.5%+0.8%+40.3%+14.1%-
Other income1.150.520.300.590.150.050.29
Total expenses96.7471.7260.3357.1256.7039.4838.32
Employee cost14.7712.0411.3410.7311.499.599.97
EBITDA12.059.737.515.975.885.130.78
EBITDA margin+11.1%+12.0%+11.1%+9.5%+9.4%+11.5%+2.0%
Depreciation1.511.120.980.900.700.600.62
Interest0.350.180.240.410.320.190.31
Profit before tax11.348.956.595.255.014.390.14
Tax2.962.361.731.421.341.220.10
Net profit8.366.614.873.783.643.160.05
Net profit margin+7.7%+8.1%+7.2%+6.0%+5.8%+7.1%+0.1%
EPS (₹)55.9243.9832.4925.6124.5721.250.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1.501.501.501.501.501.501.50
Reserves & surplus36.0028.0221.8017.0413.4610.016.95
Shareholders' funds (net worth)37.5029.5223.3018.5414.9611.518.45
Secured loans9.497.664.093.846.463.603.60
Unsecured loans0.000.000.000.000.000.000.00
Total debt9.497.664.093.846.463.603.60
Total liabilities46.9837.1827.3922.3821.4215.1112.05
Assets
Gross block21.8618.1912.4911.7710.727.967.52
Net block13.6111.456.676.846.694.634.79
Capital work in progress6.423.053.680.160.180.650.38
Investments0.000.000.000.000.000.000.00
Inventories11.779.746.756.054.765.195.27
Sundry debtors22.1926.4920.2819.5519.0917.0610.11
Cash & bank balances4.573.744.162.321.560.760.17
Loans & advances4.711.250.310.410.370.510.51
Total current assets43.2441.2231.5028.3325.7823.5216.06
Total current liabilities17.4219.2315.2513.5911.9015.0311.00
Net working capital25.8221.9916.2514.7413.888.495.06
Total assets46.9837.1827.3922.3821.4215.1112.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.614.082.261.530.690.080.07
Net cash from operating activities6.611.646.395.020.761.673.59
Net cash from investing activities(7.03)(5.30)(4.34)(0.97)(2.25)(0.91)(1.73)
Net cash from financing activities1.163.19(0.23)(3.32)2.33(0.15)(1.85)
Net change in cash0.75(0.48)1.820.730.840.610.01
Closing cash4.573.744.162.321.560.760.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+33.6%+20.1%+7.5%+0.8%+40.3%+14.1%-
EBITDA growth+23.8%+29.6%+25.8%+1.5%+14.6%+557.7%-
PBT growth+26.7%+35.8%+25.5%+4.8%+14.1%+3035.7%-91.8%
Net income growth+26.5%+35.7%+28.8%+3.9%+15.2%+6220.0%-
Revenue CAGR (3Y)+19.9%+9.2%+15.0%+17.3%+10.3%+5.6%+2.0%
EBITDA CAGR (3Y)+26.4%+18.3%+13.6%+97.1%+31.8%+70.2%+7.4%
Profitability & leverage
Net income margin+7.7%+8.1%+7.2%+6.1%+5.9%+7.1%+0.1%
Return on capital employed+27.8%+28.3%+27.5%+25.9%+29.2%+33.8%+3.6%
Return on net worth+25.0%+25.0%+23.3%+22.9%+27.8%+31.9%+0.5%
Debt / equity0.260.220.190.310.380.360.50
Long-term debt / equity0.080.090.090.110.120.060.02
Interest cover3.322.093.688.096.184.19193.75
Efficiency & per share
Fixed asset turnover5.435.315.595.616.705.765.61
Inventory turnover10.129.8810.6011.6712.588.537.45
Debtors turnover4.473.483.413.273.463.283.34
EPS (₹)55.9243.9832.4925.6124.5721.250.21
Dividend per share (₹)2.802.802.502.202.002.000.00
Book value per share (₹)250.23197.00155.45123.7099.8376.8156.37

Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as HHSL (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
SEDEMAC
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Mahindra Last Mile Mobility
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 17.06 B33,980
Greenfuel Energy Solutions
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Related news about Hhsl

Hindustan Hardy standalone net profit declines 60.40% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 2 months ago
Hindustan Hardy - Recommended Dividend Of 2 Rupees Per Share
Reuters • 5 years ago
Hindustan Hardy Says Temporarily Shut Down Nashik Factory In Maharashtra Effective April 15
Reuters • 5 years ago
Hindustan Hardy Spicer Ltd. - Announcement under Regulation 30 (LODR)-Change in Directorate
Business Line • 8 years ago
Hind Hardy Spicer reports Profit after tax of Rs -3.41 Mln, in the September 2017 quarter
Finalaya • 8 years ago
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Frequently Asked Questions about HHSL

HHSL was founded in 1982.

HHSL is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.

HHSL has 129 employees.

The primary company behind HHSL, Hindustan Hardy Limited, reported revenue of ₹110 Cr for FY 2026, up 34% year on year.

HHSL operates with a Auto Components model, focusing on dealing with automotive parts, auto components, auto components, and auto. Manufactures propeller shaft for auutomobiles. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.

HHSL offers Hindustan Hardy Spicer Platform.

Yes, HHSL is publicly traded on BSE under the ticker symbol HINDHARD.

HHSL operates through Hindustan Hardy Limited.

The legal entities of HHSL currently have 9 directors, including Navroze Shiamak Marshall, Devaki Sanjaya Saran, Vijay Narhar Pathak and others.

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