About Hindustan Hardy Limited
Data last updated: 22 December 2025
Hindustan Hardy Limited is a public limited company based in Nashik, Maharashtra, India, a subsidiary of Xlo India Limited. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 16 October 1982, the company has been in operation for over 44 years.
Registered with ROC Mumbai under CIN L29300MH1982PLC028498. Listed on BSE: 505893.
Capital: an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.5 Cr. Formerly known as Xlo Gwb Cardan Shafts Ltd and Hindustan Hardy Spicer Limited. It is led by directors including Vijay Narhar Pathak and Navroze Shiamak Marshall.
Last AGM: 16 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No. C – 12 M.I.D.C. Area Ambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.97 Cr, a growth of 20% compared to the previous year.
The company has a workforce of approximately 129 employees as per the latest available data. It operates as a subsidiary of Xlo India Limited.
The company is associated with 2 brands - Hhsl, Hindustan Hardy. As per MCA filings, the company has open charges of ₹17.13 Cr and satisfied charges of ₹27.65 Cr on record.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressPlot No. C – 12 M.I.D.C. Area Ambad, Nashik, Maharashtra, India – 422010
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IndustryAutomotive, Auto Parts & Components
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Hindustan Hardy Limited
Hindustan Hardy Limited 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, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Hindustan Hardy Limited | Current |
| Xlo Gwb Cardan Shafts Ltd | Previous |
| Hindustan Hardy Spicer Limited | Previous |
Associated Brands with Hindustan Hardy Limited
Hindustan Hardy Limited operates two associated brands: HHSL and Hindustan Hardy. These brands represent Hindustan Hardy Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufactures propeller shaft for auutomobiles | hhsl.net | |
| Homepage | Hindustan Hardy Ltd. | hhardys.com |
Business Activity of Hindustan Hardy Limited
Hindustan Hardy Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | ********* |
Auditor Details of Hindustan Hardy Limited
Hindustan Hardy Limited is audited by M/S DAGA & CHATURMUTHA (ICAI peer reviewed, certificate valid till 2029-03-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/S DAGA & CHATURMUTHA (ICAI peer reviewed, certificate valid till 2029-03-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Hindustan Hardy Limited
Hindustan Hardy Limited is currently managed by 8 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Narhar Pathak | Whole-Time Director | 10 Aug 2018 | 7 Years 10 Months | Current |
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Navroze Shiamak Marshall
Also directs:
S J Marshall Trading Company Llp, Jiji Marshall Trading Company Llp, Kihm Stahl Solutions Llp and 5 more
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Director | 21 May 2019 | 7 Years 1 Months | Current |
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Arati Sanjaya Saran
Also directs:
Bombay Footwear Private Limited, Business Combine Private Limited, Rajasthan Xlo Sanwa Midland Limited and 3 more
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Director | 14 Feb 2025 | 1 Years 4 Months | Current |
|
Devaki Sanjaya Saran
Also directs:
Bombay Footwear Private Limited, Business Combine Private Limited, Xlo India Private Limited and 2 more
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Managing Director | 08 Sep 2015 | 10 Years 10 Months | Current |
| Cowasji Jehangir Jehangir | Director | 25 Oct 2024 | 1 Years 8 Months | Current |
| Sanjiv Bhasin | Director | 11 Feb 2022 | 4 Years 4 Months | Current |
Financials of Hindustan Hardy Limited FY 2026 filings available
Hindustan Hardy Limited reported revenue of ₹108.79 Cr (up 33.56% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹108.79 Cr | ₹81.45 Cr | ₹67.84 Cr | ₹63.09 Cr | ₹62.58 Cr | ₹44.61 Cr | ₹39.1 Cr | ₹46.6 Cr |
| Other Income | ₹1.15 Cr | ₹51.5 Lakh | ₹30.08 Lakh | ₹58.94 Lakh | ₹14.77 Lakh | ₹5.16 Lakh | ₹28.51 Lakh | ₹5.03 Lakh |
| Total Income | ₹109.94 Cr | ₹81.97 Cr | ₹68.14 Cr | ₹63.68 Cr | ₹62.73 Cr | ₹44.66 Cr | ₹39.38 Cr | ₹46.65 Cr |
| Cost of Materials Consumed | ₹61.01 Cr | ₹46.64 Cr | ₹36.37 Cr | ₹34.54 Cr | ₹33.05 Cr | ₹21.92 Cr | ₹21 Cr | ₹24.76 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹33.13 Lakh | -₹2.05 Cr | -₹50.33 Lakh | -₹62.58 Lakh | ₹61.98 Lakh | -₹9.65 Lakh | -₹1.02 Cr | ₹6.27 Lakh |
| Employee Benefit Expense | ₹14.77 Cr | ₹12.04 Cr | ₹11.34 Cr | ₹10.73 Cr | ₹11.49 Cr | ₹9.59 Cr | ₹9.97 Cr | ₹9.78 Cr |
| Finance Costs | ₹34.8 Lakh | ₹17.86 Lakh | ₹24.23 Lakh | ₹41.39 Lakh | ₹31.61 Lakh | ₹18.62 Lakh | ₹30.61 Lakh | ₹35.53 Lakh |
| Depreciation & Amortisation | ₹1.51 Cr | ₹1.12 Cr | ₹97.7 Lakh | ₹90.27 Lakh | ₹70.41 Lakh | ₹60.03 Lakh | ₹61.69 Lakh | ₹56.36 Lakh |
| Other Expenses | ₹21.29 Cr | ₹15.09 Cr | ₹13.12 Cr | ₹12.47 Cr | ₹11.53 Cr | ₹8.06 Cr | ₹8.38 Cr | ₹9.42 Cr |
| Total Expenses | ₹98.6 Cr | ₹73.02 Cr | ₹61.54 Cr | ₹58.43 Cr | ₹57.71 Cr | ₹40.26 Cr | ₹39.25 Cr | ₹44.94 Cr |
| Profit Before Exceptional Items & Tax | ₹11.34 Cr | ₹8.95 Cr | ₹6.6 Cr | ₹5.25 Cr | ₹5.02 Cr | ₹4.41 Cr | ₹13.16 Lakh | ₹1.7 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹11.34 Cr | ₹8.95 Cr | ₹6.6 Cr | ₹5.25 Cr | ₹5.02 Cr | ₹4.41 Cr | ₹13.16 Lakh | ₹1.7 Cr |
| Total Tax Expense | ₹2.96 Cr | ₹2.36 Cr | ₹1.73 Cr | ₹1.42 Cr | ₹1.34 Cr | ₹1.22 Cr | ₹9.97 Lakh | ₹1.31 Cr |
| Net Profit | ₹8.38 Cr | ₹6.59 Cr | ₹4.87 Cr | ₹3.84 Cr | ₹3.68 Cr | ₹3.18 Cr | ₹3.19 Lakh | ₹39.13 Lakh |
| Other Comprehensive Income | ₹1.75 Lakh | ₹1.07 Lakh | ₹21.83 Lakh | ₹3.9 Lakh | ₹6.79 Lakh | -₹12.14 Lakh | -₹2.13 Lakh | ₹10.38 Lakh |
| Total Comprehensive Income | ₹8.4 Cr | ₹6.6 Cr | ₹5.09 Cr | ₹3.88 Cr | ₹3.75 Cr | ₹3.06 Cr | ₹1.06 Lakh | ₹49.51 Lakh |
| EBITDA (computed) | ₹13.2 Cr | ₹10.25 Cr | ₹7.82 Cr | ₹6.57 Cr | ₹6.04 Cr | ₹5.19 Cr | ₹1.05 Cr | ₹2.62 Cr |
| Basic EPS | ₹55.92 | ₹43.98 | ₹32.50 | ₹25.61 | ₹24.57 | ₹21.25 | ₹0.21 | ₹2.61 |
| Diluted EPS | ₹55.92 | ₹43.98 | ₹32.50 | ₹25.61 | ₹24.57 | ₹21.25 | ₹0.21 | ₹2.61 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹64.83 Cr | ₹56.81 Cr | ₹42.98 Cr | ₹36.35 Cr | ₹33.68 Cr | ₹30.47 Cr | ₹23.39 Cr | ₹26.36 Cr |
| Non-current Assets | ₹21.62 Cr | ₹15.59 Cr | ₹11.49 Cr | ₹8.05 Cr | ₹7.9 Cr | ₹6.95 Cr | ₹7.32 Cr | ₹7.42 Cr |
| Current Assets | ₹43.21 Cr | ₹41.22 Cr | ₹31.49 Cr | ₹28.29 Cr | ₹25.79 Cr | ₹23.53 Cr | ₹16.07 Cr | ₹18.94 Cr |
| Property, Plant & Equipment | ₹13.48 Cr | ₹11.32 Cr | ₹6.54 Cr | ₹6.75 Cr | ₹6.58 Cr | ₹4.54 Cr | ₹4.75 Cr | ₹4.24 Cr |
| Inventories | ₹11.73 Cr | ₹9.74 Cr | ₹6.75 Cr | ₹6.05 Cr | ₹4.76 Cr | ₹5.19 Cr | ₹5.27 Cr | ₹5.23 Cr |
| Trade Receivables | ₹22.19 Cr | ₹26.49 Cr | ₹20.28 Cr | ₹19.5 Cr | ₹19.09 Cr | ₹17.06 Cr | ₹10.11 Cr | ₹13.32 Cr |
| Cash & Equivalents | ₹4.36 Cr | ₹3.61 Cr | ₹4.08 Cr | ₹2.26 Cr | ₹1.53 Cr | ₹68.96 Lakh | ₹7.83 Lakh | ₹7.33 Lakh |
| Equity (Net Worth) | ₹37.5 Cr | ₹29.52 Cr | ₹23.29 Cr | ₹18.54 Cr | ₹14.96 Cr | ₹11.51 Cr | ₹8.45 Cr | ₹8.65 Cr |
| Equity Share Capital | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr | ₹1.5 Cr |
| Borrowings (Non-current) | ₹2.66 Cr | ₹2.78 Cr | ₹1.97 Cr | ₹1.69 Cr | ₹2.1 Cr | ₹98.86 Lakh | ₹21.17 Lakh | ₹21.41 Lakh |
| Borrowings (Current) | ₹6.82 Cr | ₹4.87 Cr | ₹2.12 Cr | ₹2.15 Cr | ₹4.35 Cr | ₹2.61 Cr | ₹3.39 Cr | ₹4.78 Cr |
| Total Debt (computed) | ₹9.49 Cr | ₹7.66 Cr | ₹4.09 Cr | ₹3.84 Cr | ₹6.46 Cr | ₹3.6 Cr | ₹3.6 Cr | ₹5 Cr |
| Current Liabilities | ₹24.2 Cr | ₹24.1 Cr | ₹17.36 Cr | ₹15.74 Cr | ₹16.26 Cr | ₹17.64 Cr | ₹14.39 Cr | ₹17.18 Cr |
| Total Liabilities | ₹27.33 Cr | ₹27.28 Cr | ₹19.69 Cr | ₹17.81 Cr | ₹18.72 Cr | ₹18.96 Cr | ₹14.95 Cr | ₹17.71 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹6.61 Cr | ₹1.64 Cr | ₹6.39 Cr | ₹5.02 Cr | ₹75.59 Lakh |
| Investing Cash Flow | -₹7.03 Cr | -₹5.3 Cr | -₹4.34 Cr | -₹96.94 Lakh | -₹2.25 Cr |
| Financing Cash Flow | ₹1.16 Cr | ₹3.19 Cr | -₹22.79 Lakh | -₹3.32 Cr | ₹2.33 Cr |
| Capital Expenditure | ₹7.2 Cr | ₹5.56 Cr | ₹4.48 Cr | ₹1.06 Cr | ₹2.31 Cr |
| Free Cash Flow (computed) | -₹58.03 Lakh | -₹3.92 Cr | ₹1.91 Cr | ₹3.95 Cr | -₹1.55 Cr |
| Dividends Paid | ₹41.96 Lakh | ₹37.46 Lakh | ₹32.97 Lakh | ₹29.97 Lakh | ₹29.97 Lakh |
| Net Change in Cash | ₹74.91 Lakh | -₹47.69 Lakh | ₹1.82 Cr | ₹72.9 Lakh | ₹84.24 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹29.62 Cr | ₹27.1 Cr | ₹25.33 Cr | ₹26.75 Cr | ₹25.1 Cr | ₹19.9 Cr | ₹19.92 Cr | ₹16.53 Cr |
| Other Income | ₹32.04 Lakh | ₹14.01 Lakh | ₹38.38 Lakh | ₹30.55 Lakh | ₹22.79 Lakh | ₹6.98 Lakh | ₹17.56 Lakh | ₹4.17 Lakh |
| Total Income | ₹29.94 Cr | ₹27.24 Cr | ₹25.71 Cr | ₹27.06 Cr | ₹25.33 Cr | ₹19.97 Cr | ₹20.1 Cr | ₹16.57 Cr |
| Cost of Materials Consumed | ₹16.58 Cr | ₹15.57 Cr | ₹13.99 Cr | ₹14.87 Cr | ₹14.58 Cr | ₹11.21 Cr | ₹11.54 Cr | ₹9.3 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹1.15 Cr | ₹38,000 | -₹28.07 Lakh | -₹1.2 Cr | -₹15.49 Lakh | -₹12.09 Lakh | -₹1.17 Cr | -₹59.72 Lakh |
| Employee Benefit Expense | ₹2.73 Cr | ₹3.83 Cr | ₹4.21 Cr | ₹3.99 Cr | ₹2.92 Cr | ₹3.12 Cr | ₹2.97 Cr | ₹3.03 Cr |
| Finance Costs | ₹8.07 Lakh | ₹10.64 Lakh | ₹7.2 Lakh | ₹8.89 Lakh | ₹8.53 Lakh | ₹11,000 | ₹5.42 Lakh | ₹3.8 Lakh |
| Depreciation & Amortisation | ₹41.39 Lakh | ₹39.78 Lakh | ₹35.21 Lakh | ₹34.87 Lakh | ₹31.29 Lakh | ₹28.61 Lakh | ₹27.18 Lakh | ₹25.28 Lakh |
| Other Expenses | ₹6.44 Cr | ₹5.19 Cr | ₹4.76 Cr | ₹4.9 Cr | ₹4 Cr | ₹3.87 Cr | ₹3.74 Cr | ₹3.48 Cr |
| Total Expenses | ₹27.4 Cr | ₹25.1 Cr | ₹23.11 Cr | ₹23 Cr | ₹21.75 Cr | ₹18.36 Cr | ₹17.4 Cr | ₹15.51 Cr |
| Profit Before Exceptional Items & Tax | ₹2.54 Cr | ₹2.14 Cr | ₹2.6 Cr | ₹4.06 Cr | ₹3.58 Cr | ₹1.6 Cr | ₹2.7 Cr | ₹1.06 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2.54 Cr | ₹2.14 Cr | ₹2.6 Cr | ₹4.06 Cr | ₹3.58 Cr | ₹1.6 Cr | ₹2.7 Cr | ₹1.06 Cr |
| Total Tax Expense | ₹66.3 Lakh | ₹55.32 Lakh | ₹66.73 Lakh | ₹1.08 Cr | ₹94.84 Lakh | ₹37.81 Lakh | ₹76.12 Lakh | ₹26.94 Lakh |
| Net Profit | ₹1.88 Cr | ₹1.58 Cr | ₹1.94 Cr | ₹2.98 Cr | ₹2.64 Cr | ₹1.22 Cr | ₹1.94 Cr | ₹79.36 Lakh |
| Other Comprehensive Income | ₹7.78 Lakh | -₹10.5 Lakh | -₹3.71 Lakh | ₹8.18 Lakh | -₹3.57 Lakh | -₹7.51 Lakh | ₹8.42 Lakh | ₹3.73 Lakh |
| Total Comprehensive Income | ₹1.96 Cr | ₹1.48 Cr | ₹1.9 Cr | ₹3.06 Cr | ₹2.6 Cr | ₹1.15 Cr | ₹2.02 Cr | ₹83.09 Lakh |
| EBITDA (computed) | ₹3.03 Cr | ₹2.64 Cr | ₹3.03 Cr | ₹4.5 Cr | ₹3.98 Cr | ₹1.89 Cr | ₹3.02 Cr | ₹1.35 Cr |
| Basic EPS | ₹12.53 | ₹10.56 | ₹12.93 | ₹19.90 | ₹17.59 | ₹8.17 | ₹12.92 | ₹5.30 |
| Diluted EPS | ₹12.53 | ₹10.56 | ₹12.93 | ₹19.90 | ₹17.59 | ₹8.17 | ₹12.92 | ₹5.30 |
Shareholding Pattern of Hindustan Hardy Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 66.16%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 33.84% of Hindustan Hardy Limited. The company had 4,408 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 66.16% | 66.16% | 66.16% | 66.16% | 66.16% | 66.16% |
| Public | 33.84% | 33.84% | 33.84% | 33.84% | 33.84% | 33.84% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 66.16% | 66.16% | 66.16% |
| Public | 33.84% | 33.84% | 33.84% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Hindustan Hardy Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2021 | Axis Bank Limited | ₹26.57 Lakh | Open |
| 19 Sep 2018 | Axis Bank Limited | ₹26 Lakh | Open |
| 23 Jan 2017 | Axis Bank Limited | ₹16.6 Cr | Open |
| 04 Oct 2021 | Axis Bank Limited | ₹18.56 Lakh | Satisfied |
| 31 Mar 2000 | State Bank of India | ₹10 Lakh | Satisfied |
Total charge records: 24 View all charges
Employees and EPFO Compliance at Hindustan Hardy Limited
Hindustan Hardy Limited has a workforce of 129 employees as of Apr 05, 2024.
Employee Count & EPFO Data of Hindustan Hardy Limited
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GST Compliance of Hindustan Hardy Limited
GSTIN & GST Filing Data of Hindustan Hardy Limited
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Credit Ratings, Litigation & Regulatory Alerts for Hindustan Hardy Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Hindustan Hardy Limited
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MSME Payment Delays by Hindustan Hardy Limited
MSME Payment Delays by Hindustan Hardy Limited
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Subsidiaries & Group Companies of Hindustan Hardy Limited
Subsidiaries & Group Companies of Hindustan Hardy Limited
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MCA Filings & Documents of Hindustan Hardy Limited
MCA Filings & Documents of Hindustan Hardy Limited
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Recent Activity on Hindustan Hardy Limited
Frequently Asked Questions about Hindustan Hardy Limited
Hindustan Hardy Limited is an active public limited company in the automotive sector based in Nashik, Maharashtra, India. It was incorporated on 16 October 1982 (44+ years old) and is registered under CIN L29300MH1982PLC028498. Listed on BSE: 505893. The company has 129 employees.
Hindustan Hardy Limited reported revenue of ₹81.97 Cr for FY 2025 (up 20.00% YoY).
The current directors of Hindustan Hardy Limited are:
The primary industry of Hindustan Hardy Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.
Yes. Hindustan Hardy Limited is listed on BSE with code 505893.
Hindustan Hardy Limited can be reached at the registered office: Plot No. C – 12 M.I.D.C. Area Ambad, Nashik, Maharashtra, India – 422010, or through the website hhardys.com.