ABOUT HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED
HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED is a multi-product multi-location Company in India. The company is primarily engaged in the business of Railway Rolling Stock, Railway Wagons, Jute goods, and Gas based Chemicals.
Hindusthan Engineering & Industries Limited owns the largest steel foundry in the private sector of India and is also the first foundry of India to get certified by The Association of American Railroads, U.S.A. The company can produce Hadfield Manganese Steel Crossings of sizes from up to 1 in 24, and also manufactures Scissor, Obtuse, and Diamond crossings for the metro as well as conventional tracks.
The company is currently supplying Couplers, Bogies, Draft Gears, CMS Crossings to the Ministry of Railways. It is one of the largest producers of Bolsters, Bogies, Couplers, Side Frames, Draft Gears, and other components for Rolling Stock. The company is exporting Bogies to Australia, South Korea, and North America. Hindusthan Engineering & Industries Limited is also the first company to develop anode yokes for aluminum smelters in India.
Hindusthan Engineering & Industries Limited is also engaged in the manufacturing of cyanides and more than 40% of production is exported.
12th January 1998
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
27, Sir R N Mukherjee Road,
Phone: (033) 2248 0166 / 2248 0167
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
C.B. Management Services (P) Limited,
P-22, Bondel Road, Kolkata 700019
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Jute Sacking bags
Wagon (Railway Rolling Stock)
BOARD OF DIRECTORS
Shri V A Mody (Chairman)
Shri Satish Kapur (Director)
Shri Biswajit Choudhuri (Director)
Dr. Ranjan Ghosh (Director)
Smt. Archana Agarwal (Director)
Shri A K D Singh (Technical Executive Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
Hindusthan Vidyut Corporation Limited (HVCL)
HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 225.01 Crore
(As on 31-03-2020)
NO. OF SHARES
% OF TOTAL SHARES OF THE COMPANY
In 2019, India ranked second as the world’s largest steel producer with a production of 111.2 million tonnes. The sustainable growth of the steel sector can be attributed to the domestic availability of raw materials including iron ore and cost-effective labor. The steel sector is one of the major contributors to the Indian economy. The Steel Industry of India has been divided into three categories, Major producers, main producers, and secondary producers.
Production of crude steel and finished steel in India increased to 108.5 Million Tonnes and 101.03 Million Tonnes in FY 2020 respectively. Consumption of finished steel in India grew at a CAGR of 5.2% from FY 2016 to FY 2020. In FY 2020, India exported 8.24 million tonnes of finished steel and imported 6.69 million tonnes of it. From April 2020 to February 2021, the export of finished steel stood at 9.49 Million tonnes and imports stood at 4.25 million tonnes.
Indian railways are now turning to the private sector for redesigning wagons to carry a different range of goods like coils, fly ash, and cars. There are already 2.8 lakh conventional goods wagons in the country. However, there is a need for around 10,000 new designs wagons in the railway sector for transportation of goods like trucks, cement, cars, steel coil, and fly ash.
PROFIT & LOSS STATEMENT OF HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED (In Rs. Lakhs)
Revenue from Operations
Share of profit from associates
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF HINDUSTHAN ENGINEERING & INDUSTRIES LIMITED (In Rs. Lakhs)
NON CURRENT ASSETS
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and Cash equivalents
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity share capital
NON CURRENT LIABILITIES
TOTAL NON CURRENT LIABILITIES
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
DIVIDEND AND RETAINED EARNINGS
Dividend (In Rs.) (final + interim)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 7.86% from Rs. 87,934.50 lakhs in FY 2019 to Rs. 81,018.52 lakhs in FY 2020.
EBITDA of the company decreased by 44.55% from Rs. 7,838.37 lakhs in FY 2019 to Rs. 4,346.49 lakhs in FY 2020. EBITDA margins of the company reduced from 8.91% in FY 2019 to 5.36% in FY 2020.
Net Profit of the company decreased significantly by 45.40% from Rs. 3,970.96 lakhs in FY 2019 to Rs. 2,167.97 lakhs in FY 2020.
The current Ratio of the company as of 31st March 2020 was 3.03.
The debt to equity ratio of the company as of 31st March 2020 was 0.14.
The company has not given any dividends for the past three years.
The book value of the company as of 31st March 2020 was Rs. 7,062.9.
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