Hindustan Hardy Limited - automotive in Nashik, Maharashtra, India. FY 2026 financials & compliance.
CIN L29300MH1982PLC028498 Incorporated 16 October 1982 ROC Mumbai HQ Nashik, Maharashtra, India
Active Listed - BSE: 505893 Public Limited Company automotive MSME · Medium
Data last updated
Market Cap
₹122 Cr
HINDHARD · BSE
Share Price
₹822.40
+0.98% 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)
18.5x
P/B 3.2x
ROE
25.0%
ROCE 27.8%
Debt / Equity
0.26
Interest cover 3.3x

About Hindustan Hardy Limited

Data last updated:

Hindustan Hardy Limited is a public limited company based in Nashik, Maharashtra, India, a subsidiary of Xlo India Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 16 October 1982 and has been in existence for over 44 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29300MH1982PLC028498. Its GSTIN is 27AAACX0022G1ZT (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 505893.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Xlo Gwb Cardan Shafts Ltd and Hindustan Hardy Spicer Limited. It is led by directors including Devaki Sanjaya Saran (Managing Director) and Vijay Narhar Pathak (Whole-Time Director).

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. C – 12 M.I.D.C. Area Ambad, Nashik, Maharashtra, India – 422010.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹108.79 Cr, a growth of 33.6% compared to the previous year. For the same year it recorded a net profit of ₹8.36 Cr (net margin 7.7%) and EBITDA of ₹12.05 Cr (EBITDA margin 11.1%). The net worth stands at ₹37.5 Cr (up 27% YoY). Total assets are valued at ₹46.98 Cr (up 26.4% YoY).

The company has about 129 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: HHSL and Hindustan Hardy. As per MCA filings, the company has open charges of ₹17.13 Cr and satisfied charges of ₹27.65 Cr on record. Court records list 12 cases involving the company, including 5 filed by the company and 7 filed against it; 3 cases are pending. The company has 34 deals on record (34 market trades); the latest was in November 2023. The company has 14 MSME Form 1 returns on record between 2018 and 2024, listing 1,577 overdue payments to 63 micro and small suppliers.

Hindustan Hardy Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0000456). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hhardys.com.

Company details

CIN L29300MH1982PLC028498
Registration Number 028498
Incorporation Date 16 October 1982
ROC Mumbai
Listing Status Listed - Listed on BSE (505893)
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Xlo India Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0000456

Name history

Hindustan Hardy has undergone 2 name changes throughout its history. The company was previously known as Xlo Gwb Cardan Shafts Ltd, and Hindustan Hardy Spicer Limited. The current legal name is Hindustan Hardy Limited.

Company NameStatus
Hindustan Hardy LimitedCurrent
Xlo Gwb Cardan Shafts LtdPrevious
Hindustan Hardy Spicer LimitedPrevious

Recognitions & Rankings of Hindustan Hardy

MSME (Udyam registered) Ministry of MSME
Category
Medium (2026-27)
Udyam number
UDYAM-MH-23-0000456

Contact details

Hindustan Hardy Limited's registered office is in Nashik, Maharashtra. Its website is hhardys.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Plot No. C – 12 M.I.D.C. Area Ambad, Nashik, Maharashtra, India – 422010
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Hindustan Hardy Limited, buy the company report.

Comprehensive company report
Hindustan Hardy Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Hindustan Hardy operates two associated brands: HHSL and Hindustan Hardy. Each brand links to its own profile.

BrandDescriptionWebsite
Manufactures propeller shaft for auutomobileshhsl.net
Homepage | Hindustan Hardy Ltd.hhardys.com

Business activity

The main business activity of Hindustan Hardy is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Hindustan Hardy Limited, buy the company report.

Financials of Hindustan Hardy Limited

FY 2025-26 filings available

Hindustan Hardy Limited reported revenue of ₹108.79 Cr (up 33.6% YoY) for FY 2025-26.

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 30 Oct 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

To see the full year-wise statements and ratios of Hindustan Hardy Limited, buy the company report.

Board of directors of Hindustan Hardy Limited

Hindustan Hardy has 8 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Navroze Shiamak MarshallDirector21 May 20197 Years 5 MonthsCurrent
Devaki Sanjaya SaranManaging Director08 Sep 201511 Years 1 MonthsCurrent
Vijay Narhar PathakWhole-Time Director10 Aug 20188 Years 2 MonthsCurrent
Sanjiv BhasinDirector11 Feb 20224 Years 8 MonthsCurrent
Mallika SaranWhole-Time Director01 Apr 20251 Years 6 MonthsCurrent
Arati Sanjaya SaranDirector14 Feb 20251 Years 8 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Hindustan Hardy Limited is audited by M/s. Daga & Chaturmutha, Chartered Accountants for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M/s. Daga & Chaturmutha, Chartered AccountantsFY 2023101987W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 66.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 33.80%.

Promoters: 66.20%Retail & Others: 33.80%
Mar 2026
QUARTER
66.20% Promoters
33.80% Retail & Others
Promoter holding - history
Now 66.20% · Mar 2026High 66.20% · Jun 2025Low 66.20% · Jun 2025
65%65.8%66.5%67.3%68%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 66.20%Sep 2025: 66.20%Dec 2025: 66.20%Mar 2026: 66.20%66.20%66.20%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters66.20%66.20%66.20%66.20%
Public33.80%33.80%33.80%33.80%

Charges & borrowings

Open charges
₹17.13 Cr
Satisfied charges
₹27.65 Cr
Breakdown by lending institutions
Axis Bank Limited₹17.13 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2021100491676Axis Bank Limited₹26.57 LakhOpen
19 Sep 2018100242992Axis Bank Limited₹26 LakhOpen
23 Jan 2017100077897Axis Bank Limited₹16.6 CrOpen
04 Oct 2021100491674Axis Bank Limited₹18.56 LakhSatisfied
31 Mar 200090186751State Bank of India₹10 LakhSatisfied

To see the full charge records of Hindustan Hardy Limited, buy the company report.

Total charge records: 24 View all charges

Deals & funding

Hindustan Hardy Limited has 34 deals on record (34 market trades); the latest was in November 2023.

Total deals
34
Market trades
34

Deals on record (5 of 34)

WhenDealAmountParties
Nov 2023Market trade₹75.8 LakhBuyer: an individual
Seller: Icm Finance Private Limited
Oct 2023Market trade₹58.8 LakhBuyer: Icm Finance Private Limited
Jul 2015Market trade₹1.16 CrBuyer: Arcadia Share and Stock Brokers Private Limited , an individual
Seller: Arcadia Share and Stock Brokers Private Limited , an individual
Jul 2010Market trade₹1.6 CrBuyer: Jaikarni Holdings Private Ltd , an individual
Seller: Kamal Kumar Dugar And Co ( Prop : Kamal Kumar Dugar)
Mar 2007Market trade₹1.78 CrBuyer: Ulekh Vinimay Pvt Ltd , Multi Exchange Traders, 2 individuals
Seller: Multi Exchange Traders, Ulekh Vinimay Pvt Ltd , 2 individuals

To see the full deal history of Hindustan Hardy Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Hindustan Hardy Limited was last rated by Crisil on 21 Oct 2020.

Rating agencyRated onRating
Crisil21 Oct 2020

To see the full credit ratings and regulatory alerts of Hindustan Hardy Limited, buy the company report.

MSME payment delays

Hindustan Hardy Limited has 14 MSME Form 1 returns on record between 2018 and 2024, listing 1,577 overdue payments to 63 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 63)

SupplierAmount dueDue sinceReported on
Aarya Industries
an individual supplier
Microtech Tools
an individual supplier
Aurangabad Carbon Products Private Limited

To see the full MSME payment records of Hindustan Hardy Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Hindustan Hardy Limited has a workforce of 129 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
129
Active EPFO establishments
1
Employee growth
-9.15%

GST

Hindustan Hardy has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACX0022G1ZTMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Hindustan Hardy Limited, buy the company report.

Recent activity

Hindustan Hardy Limited has 28 board changes on record since 1982: 18 appointments and 10 cessations. The latest: Aurobind Ashabhai Patel was appointed as Director on 13 Mar 2026.

Filing
Hindustan Hardy Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Appointed
Aurobind Ashabhai Patel was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 16.60 Cr registered on 23 Jan 2017 with Charge ID 100077897 was modified on 10 Nov 2025.
AGM
Hindustan Hardy Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Appointed
Mallika Saran was appointed as Whole-Time Director.
Appointed
Arati Sanjaya Saran was appointed as Director.
Ceased
Sanjaya Chandrabhushan Saran ceased to be Director.
Charges
A charge registered on 04 Oct 2021 via Charge ID 100491674 with Axis Bank Limited was fully satisfied on 28 Nov 2024.
Appointed
Cowasji Jehangir Jehangir was appointed as Director.
Ceased
Richard George Koszarek ceased to be Director.
Ceased
Jehangir Hirji Cawasji Jehangir ceased to be Director.
Appointed
Sanjiv Bhasin was appointed as Director.

72 earlier events are in the company report.

Frequently asked questions

Hindustan Hardy is an active public limited company based in Nashik, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 16 October 1982 (44+ years old) and is registered under CIN L29300MH1982PLC028498. Listed on BSE: 505893.

Hindustan Hardy reported revenue of ₹108.79 Cr for FY 2025-26 (up 33.6% YoY) based on standalone financials.

Hindustan Hardy has 8 current directors:

The latest financial statements of Hindustan Hardy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Hindustan Hardy is 27AAACX0022G1ZT, registered in Maharashtra.

The CIN (Corporate Identification Number) of Hindustan Hardy is L29300MH1982PLC028498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Hindustan Hardy is a listed company as per MCA records. Its shares are listed on BSE (code: 505893).

Hindustan Hardy has 12 court cases on record: 5 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.

Hindustan Hardy was incorporated on 16 October 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.

Hindustan Hardy has 34 deals on record (34 market trades); the latest was in November 2023.

Aurobind Ashabhai Patel was appointed as Director on 13 Mar 2026. Mallika Saran was appointed as Whole-Time Director on 01 Apr 2025. Arati Sanjaya Saran was appointed as Director on 14 Feb 2025. Hindustan Hardy has 28 board changes on record in total.