---
title: "Hinduja Foundries Ltd(Merged) (HINDUJAFO) — Share Price, Financials & Analysis"
symbol: "HINDUJAFO"
company: "Hinduja Foundries Ltd(Merged)"
canonical: "https://tapetide.com/stocks/HINDUJAFO"
isin: "INE291F01016"
nse_symbol: "HINDUJAFO"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:23:52.745Z"
---

# Hinduja Foundries Ltd(Merged) (HINDUJAFO)

Canonical page: https://tapetide.com/stocks/HINDUJAFO

## Company

- **NSE Symbol:** HINDUJAFO
- **ISIN:** INE291F01016
- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hindujafoundries.com

## About

Hinduja Foundries is primarily engaged in the business of manufacture of grey iron and aluminum gravity die-castings for automobiles, compressors, industrial engines, power generators and tractors, as well as for defense and marine applications.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 37.1 to 28.7 days.

### Weaknesses

- Stock is trading at 5.92 times its book value
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
- Working capital days have increased from 41.1 days to 61.4 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 12% | — | — |
| revenue growth | 9% | 40% | 9% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 170 | 168 | 186 | 137 | 129 | 151 | 157 | 133 | 138 | 166 | 156 | 161 |
| Expenses | 187 | 184 | 201 | 146 | 138 | 161 | 151 | 139 | 158 | 178 | 155 | 160 |
| Operating Profit | -16 | -16 | -16 | -9 | -9 | -10 | 6 | -6 | -20 | -11 | 0 | 1 |
| OPM % | -10 | -10 | -8 | -6 | -7 | -7 | 3.7 | -4.8 | -15 | -7 | 0.1 | 0.8 |
| Other Income | 4 | 0 | -11 | -3 | -9 | -54 | -65 | -3 | 3 | 0 | 2 | 2 |
| Interest | 17 | 17 | 20 | 20 | 21 | 22 | 24 | 24 | 26 | 14 | 15 | 14 |
| Depreciation | 13 | 13 | 12 | 14 | 14 | 12 | 12 | 12 | 11 | 12 | 12 | 12 |
| Profit before tax | -42 | -46 | -58 | -46 | -54 | -99 | -96 | -46 | -54 | -37 | -25 | -23 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -42 | -46 | -58 | -46 | -54 | -99 | -96 | -46 | -54 | -37 | -25 | -23 |
| EPS in Rs | -5.76 | -6.35 | -8.04 | -6.38 | -7.36 | -13.55 | -13.17 | -6.32 | -2.61 | -1.77 | -1.19 | -1.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 18m | Mar 2013 6m | Sep 2014 18m | Mar 2016 18m | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 395 | 451 | 363 | 392 | 553 | 1032 | 307 | 999 | 845 | 620 |
| Expenses | 356 | 401 | 337 | 341 | 489 | 1146 | 345 | 1077 | 897 | 651 |
| Operating Profit | 39 | 50 | 26 | 50 | 64 | -114 | -39 | -78 | -52 | -30 |
| OPM % | 10 | 11 | 7 | 13 | 12 | -11 | -13 | -8 | -6 | -4.9 |
| Other Income | 2 | 2 | 5 | 9 | 5 | -16 | 1 | -4 | -129 | 8 |
| Interest | 5 | 11 | 27 | 38 | 36 | 120 | 41 | 108 | 138 | 69 |
| Depreciation | 11 | 16 | 22 | 21 | 24 | 52 | 20 | 72 | 76 | 47 |
| Profit before tax | 25 | 26 | -19 | 1 | 8 | -301 | -99 | -262 | -394 | -138 |
| Tax % | 35 | 35 | -36 | 46 | 11 | -3 | 5 | 0 | 0 | — |
| Net Profit | 16 | 17 | -12 | 0 | 7 | -291 | -104 | -262 | -394 | -138 |
| EPS in Rs | 9.91 | 10.38 | -6.41 | 0.12 | 2.6 | -101.51 | -36.16 | -36.1 | -19.04 | -6.67 |
| Dividend Payout % | 0 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 | Sep 2014 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 16 | 16 | 16 | 19 | 19 | 29 | 29 | 29 | 73 | 207 |
| Reserves | 67 | 73 | 84 | 311 | 311 | 358 | 60 | -43 | -206 | -338 |
| Borrowings | 92 | 192 | 320 | 388 | 467 | 592 | 770 | 897 | 920 | 782 |
| Other Liabilities | 64 | 78 | 96 | 85 | 133 | 120 | 254 | 199 | 203 | 169 |
| Total Liabilities | 239 | 360 | 516 | 802 | 930 | 1099 | 1112 | 1082 | 990 | 820 |
| Fixed Assets | 94 | 95 | 283 | 501 | 491 | 538 | 598 | 602 | 665 | 471 |
| CWIP | 15 | 98 | 11 | 49 | 106 | 103 | 101 | 111 | 24 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 12 | 12 | 12 | 12 | 5 |
| Other Assets | 130 | 167 | 223 | 252 | 333 | 446 | 401 | 357 | 289 | 336 |
| Total Assets | 239 | 360 | 516 | 802 | 930 | 1099 | 1112 | 1082 | 990 | 820 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 | Sep 2014 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 17 | 9 | 24 | -16 | 21 | -55 | 71 | -69 | -51 | -122 |
| Cash from Investing Activity | -96 | -95 | -139 | -55 | -74 | -68 | -98 | -28 | -8 | -15 |
| Cash from Financing Activity | 80 | 86 | 114 | 71 | 54 | 123 | 48 | 80 | 58 | 145 |
| Net Cash Flow | 0 | 1 | -1 | 0 | 0 | 0 | 20 | -17 | -1 | 8 |
| Free Cash Flow | -20 | -86 | -115 | -72 | -54 | -112 | -32 | -97 | -80 | -140 |
| CFO/OP | 62 | 38 | 55 | -48 | 41 | -84 | -59 | 180 | 65 | 236 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Mar 2013 | Sep 2014 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 72 | 74 | 74 | 81 | 121 | 138 | 57 | 170 | 46 | 29 |
| Inventory Days | 106 | 125 | 141 | 293 | 390 | 221 | 74 | 220 | 62 | 74 |
| Days Payable | 117 | 110 | 110 | 161 | 229 | 135 | 124 | 303 | 100 | 122 |
| Cash Conversion Cycle | 61 | 89 | 105 | 213 | 283 | 224 | 8 | 87 | 8 | -19 |
| Working Capital Days | 76 | 86 | 114 | 175 | 193 | 188 | 28 | 112 | 21 | 61 |
| ROCE % | — | 14 | 10 | 2 | 5 | 5 | -18 | — | -18 | -17 |

## Shareholding Pattern

### annual

| Category | Mar 2017 |
| --- | --- |
| Promoters | 53.25% |
| FIIs | 24.26% |
| Public | 22.49% |
| No. of Shareholders | 9336 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- |
| Promoters | 53.25% | 53.25% | 53.25% | 53.25% |
| FIIs | 14.32% | 24.26% | 24.26% | 24.26% |
| Public | 32.43% | 22.49% | 22.49% | 22.49% |
| No. of Shareholders | 8723 | 9742 | 9684 | 9336 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 3 / 7

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 63.89 | Buy |
| EMA (10) | 64.2 | Buy |
| SMA (20) | 58 | Buy |
| EMA (20) | 64.03 | Buy |
| SMA (50) | 70.55 | Buy |
| EMA (50) | 75.27 | Buy |
| SMA (100) | 105.92 | Sell |
| EMA (100) | 89.12 | Sell |
| SMA (200) | 109.21 | Sell |
| EMA (200) | 91.98 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 60.78 | Neutral |
| MACD (12,26,9) | -1.9 | Buy |
| Stochastic (14,3,3) | 91.8 | Sell |
| ADX (14) | 25.7 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 3.85 | High Volatility |
| ROC (12) | 43.4 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 66.38 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 3 May 2017 - Hinduja Foundries Limited and Ashok Leyland Limited have filed e-form No. INC-28 with the Registrar of Companies (ROC), Chennai, along with the Certified True Copy … | [Updates 3 May 2017 - Hinduja Foundries Limited and Ashok Leyland Limited have filed e-form No. INC-28 with the Registrar of Companies (ROC), Chennai, along with the Certified True Copy …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46b1612c-8f8d-4747-b5a7-eb301fa83647.pdf) |
| 3 May 2017 - Hinduja Foundries Limited and Ashok Leyland Limited have filed e-form No. INC-28 with the Registrar of Companies (ROC), Chennai, along with the Certified True Copy … | [Updates 3 May 2017 - Hinduja Foundries Limited and Ashok Leyland Limited have filed e-form No. INC-28 with the Registrar of Companies (ROC), Chennai, along with the Certified True Copy …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/46b1612c-8f8d-4747-b5a7-eb301fa83647.pdf) |
| 28 Apr 2017 - The National Company Law Tribunal (NCLT), Chennai vide their Order dated April 24, 2017, have approved the Scheme of Amalgamation of Hinduja Foundries Limited (Transferor … | [Updates 28 Apr 2017 - The National Company Law Tribunal (NCLT), Chennai vide their Order dated April 24, 2017, have approved the Scheme of Amalgamation of Hinduja Foundries Limited (Transferor …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bbedee33-858c-4252-beb3-5548b9918146.pdf) |
| 28 Apr 2017 - The National Company Law Tribunal (NCLT), Chennai vide their Order dated April 24, 2017, have approved the Scheme of Amalgamation of Hinduja Foundries Limited (Transferor … | [Updates 28 Apr 2017 - The National Company Law Tribunal (NCLT), Chennai vide their Order dated April 24, 2017, have approved the Scheme of Amalgamation of Hinduja Foundries Limited (Transferor …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/bbedee33-858c-4252-beb3-5548b9918146.pdf) |
| 19 Apr 2017 - With regard to intimation on change in name of RTA from "Integrated Enterprises (India) Limited" to "Integrated Registry Management Services Private Limited". The Company has … | [Updates 19 Apr 2017 - With regard to intimation on change in name of RTA from "Integrated Enterprises (India) Limited" to "Integrated Registry Management Services Private Limited". The Company has …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/a6794bd6-1077-4777-8c4d-e1c38d72bf5b.pdf) |
| 19 Apr 2017 - This is with regard to intimation on change in name of RTA from "Integrated Enterprises (India) Limited" to "Integrated Registry Management Services Private Limited". The … | [Updates 19 Apr 2017 - This is with regard to intimation on change in name of RTA from "Integrated Enterprises (India) Limited" to "Integrated Registry Management Services Private Limited". The …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6794bd6-1077-4777-8c4d-e1c38d72bf5b.pdf) |
| — | [Compliance Certificate Under Regulation 40(9) & (10) Of SEBI (LODR) Regulations, 2015 20 Apr 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0838d468-5708-41a5-97fd-942fe49de0ef.pdf) |
| — | [Compliance Certificate Under Regulation 40(9) & (10) Of SEBI (LODR) Regulations, 2015 20 Apr 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/0838d468-5708-41a5-97fd-942fe49de0ef.pdf) |
| — | [Compliance Certificate For The Half Year Ended March 31, 2017 Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 19 Apr 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b6278e5-e80b-4919-b9e4-a7f09920aba7.pdf) |
| — | [Compliance Certificate For The Half Year Ended March 31, 2017 Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 19 Apr 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/4/7b6278e5-e80b-4919-b9e4-a7f09920aba7.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2215_HINDUJAFO_2012_2013_04102013130202.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_HINDUJAFO_2009_2010_25082010120000.zip) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820316.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820914.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820912.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/505982/5059820310.pdf) |
| from bse | [Annual Report 2009 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/HINDUJA_FOUNDRIES_LTD-505982-MARCH-2009.PDF) |
| from bse | [Annual Report 2008 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/HINDUJA_FOUNDRIES_LTD-505982-MARCH-2008.PDF) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:52.745Z.