Hella India Lighting Unlisted Shares
Buy - ₹790.00
Sell - ₹835.00
About Hella India Lighting Unlisted Shares
1. About Hella India Lighting
Hella India Lighting is the Indian subsidiary of Hella GmbH & Co. KGaA, a globally recognized German automotive lighting company. Established over 50 years ago, Hella India Lighting initially began as a joint venture with JMA Industries in 1959. However, in 2005, Hella GmbH became the majority stakeholder, acquiring 81% of the shares, making Hella India Lighting a fully-owned subsidiary. Known for its innovative products and customer-centric approach, the company serves both Original Equipment Manufacturers (OEMs) and the aftermarket segment in India and globally.
2. Business Divisions and Product Portfolio
Hella India Lighting operates across multiple segments in the automotive industry, specializing in the following key products:
- Projector Lamps:
The company manufactures high-quality projector lamps, designed to enhance vehicle lighting systems with precision and clarity. - LED Lamps:
Hella India Lighting leads the way in LED lighting solutions, including advanced LED headlamps and front lighting systems, focusing on energy efficiency and longevity. - Auxiliary Lamps:
Designed for improved visibility, these lamps are tailored for both automotive and commercial vehicle applications. - Lubricants and Coolants:
In addition to lighting solutions, Hella India Lighting also offers high-performance lubricants and coolants, catering to both two-wheelers and four-wheelers. - Spark Plugs:
The company manufactures spark plugs that are essential for engine performance, contributing to the reliability of vehicles across various categories.
These products are supplied to major vehicle manufacturers like Maruti Suzuki and Tata Motors, as well as to the aftermarket for car parts, chemicals, and accessories.
3. Financial Highlights of Hella India Lighting
Hella India Lighting has shown a strong financial performance over the years, with notable improvements in several key financial metrics:
- Revenue Growth:
In FY2024, the company’s revenue reached ₹411 crores, up from ₹382 crores in FY2023. This growth is indicative of the company’s continued strength in the automotive lighting sector, supported by its expanded product offerings. - Gross Margins:
Hella India Lighting has maintained consistent gross margins, standing at 39.9% in FY2024. This reflects its ability to control production costs and maintain profitability despite challenges in the automotive sector. - EBITDA and Operating Profitability:
The company posted an EBITDA of ₹52 crores in FY2024, which represents a solid increase from ₹46 crores in FY2023. Its Operating Profit Margin (OPM) stood at 12.65% for FY2024, highlighting strong operational efficiency. - Profit After Tax (PAT):
PAT for FY2024 was ₹29 crores, an increase from ₹27 crores in FY2023. This rise in PAT, along with an improved Net Profit Margin (NPM) of 7.06%, underscores the company’s profitable operations. - Earnings Per Share (EPS):
Hella India Lighting posted an impressive EPS of ₹77.96 in FY2024, up from ₹56.67 in FY2022. This growth in EPS demonstrates the company’s increasing profitability and value creation for its shareholders. - Asset Growth:
The company’s total assets grew to ₹306 crores in FY2024, up from ₹228 crores in FY2023, reflecting the expansion of its business and ongoing investment in fixed assets and working capital.
Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided
Pros
- Strong Global Parentage: Backed by Hella GmbH, ensuring financial stability and access to technological innovations.
- Innovative Product Offerings: Introduced advanced LED lighting systems for EVs, expanding into global markets like the U.S.
- Diversified Market Segments: Serves both OEMs and the aftermarket, reducing reliance on a single segment.
Cons
- Industry-Specific Downturns: Performance tied to the automotive market, leading to revenue declines during slowdowns.
- Global Competition: Intense competition with domestic and international players can impact profitability.
- Reliance on OEMs: Heavy dependence on OEMs makes the company vulnerable to changes in demand or preferences.
Fundamentals
Hella India Lighting Unlisted | ₹925 |
---|---|
Shares Price | Per Equity Share |
Lot Size | 10 Shares |
52 Week High | ₹ 975 |
52 Week LoW | ₹925 |
Depository | NSDL & CDSL |
PAN Number | AAACJ0101G |
ISIN Number | INE431D01013 |
CIN | U74899DL1959PLC003126 |
RTA | Link Intime |
Market Cap (in cr.) | ₹ 344 |
---|---|
P/E Ratio | 11.22 |
P/B Ratio | 1.68 |
Debt to Equity | 0.26 |
ROE (%) | 16.6 |
Book Value | 496.9 |
Face Value | 10 |
Total Shares | 3723713 |
Financials
P&L Statement | 2024 | 2023 | 2022 |
---|---|---|---|
Revenue | 411 | 382 | 303 |
Cost of Material Consumed | 247 | 235 | 185 |
Gross Margins | 39.9 | 38.48 | 38.94 |
Change in Inventory | -3 | 2 | -3 |
Employee Benefit Expenses | 49 | 40 | 33 |
Other Expenses | 66 | 59 | 52 |
EBITDA | 52 | 46 | 36 |
OPM | 12.65 | 12.04 | 11.88 |
Other Income | 6 | 9 | 3 |
Finance Cost | 5 | 5 | 4 |
D&A | 13 | 11 | 10 |
EBIT | 39 | 35 | 26 |
EBIT Margins | 9.49 | 9.16 | 8.58 |
PBT | 39 | 39 | 24 |
PBT Margins | 9.49 | 10.21 | 7.92 |
Tax | 10 | 12 | 7 |
PAT | 29 | 27 | 17 |
NPM | 7.06 | 7.07 | 5.61 |
EPS | 77.96 | 85.17 | 56.67 |
Ratio | FY24 | FY23 | FY22 |
---|---|---|---|
Operating Margin | 11% | 11% | 9% |
Net Profit Margin | 7% | 7% | 6% |
Return on Equity | 17% | 30% | 26% |
Debt-Equity | 0.26 | 0.52 | 0.76 |
Current Ratio | 1.97 | 1.23 | 1.11 |
Dividend Payout | 0% | 0% | 0% |
Company | Hella India Lighting Limited | Bosch Limited | Uno Minda Limited |
---|---|---|---|
Market Cap (₹ Crores) | 344 | 107628 | 52740 |
Profitability Margin (%) | 7% | 14.88% | 6.59% |
ROCE (%) | 23% | 20.60% | 19.90% |
ROE (%) | 17% | 16.00% | 18.90% |
D/E Ratio | 0.26 | 0.00 | 0.35 |
P/E Ratio | 11.22 | 56.40 | 59.40 |
P/B Ratio | 1.68 | 8.91 | 10.7 |
Book Value per Share (₹) | 496.06 | 4090.00 | 86.1 |
Assets | 2024 | 2023 | 2022 |
---|---|---|---|
Fixed Assets | 75 | 62.5 | 53 |
CWIP | 2 | 7.7 | 9 |
Investments | 0 | 0 | 0 |
Trade Receivables | 83 | 68 | 55 |
Inventory | 59 | 53 | 40 |
Other Assets | 87 | 36.8 | 37 |
Total Assets | 306 | 228 | 194 |
Liabilities | 2024 | 2023 | 2022 |
Share Capital | 3.72 | 3.17 | 3 |
FV | 10 | 10 | 10 |
Reserves | 171 | 88 | 61 |
Borrowings | 46 | 47 | 49 |
Trade Payables | 58 | 66 | 60 |
Other Liabilities | 27.28 | 23.83 | 21 |
Total Liabilities | 306 | 228 | 194 |