Hindustan Hardy Ltd – Company Report
1. Company Overview
Hindustan Hardy Ltd, founded in 1982 and headquartered in Nashik, Maharashtra, is a well-established Indian manufacturer specializing in driveline components for the automotive, agricultural, industrial, and off-highway sectors. The company originally operated as Hindustan Hardy Spicer Ltd and is now a publicly listed entity recognized for its pioneering expertise in propeller shafts and associated systems. With a legacy spanning more than 50 years of engineering, Hindustan Hardy has developed a strong reputation for durability, precision, and adaptation to evolving performance standards. The company is a subsidiary of XLO India Ltd and serves both domestic and international markets, maintaining robust quality and process controls at its Nashik facility.
- Incorporated: 1982
- Headquarters: Nashik, Maharashtra, India
- Employees: 201–500 (est.)
- Core Focus: Propeller shafts and driveline components for automotive and allied industries
- Parent Company: XLO India Ltd
- Stock Exchange: Listed on Indian bourses
- Certifications: ISO and global industry standards
2. Products and Services
Hindustan Hardy Ltd's portfolio centers on drivetrain technologies tailored to the diverse needs of OEMs, industrial clients, and the aftermarket:
Propeller Shafts:
- Standard and heavy-duty propeller shafts suitable for automotive, agricultural machinery, off-highway vehicles, and industrial equipment
Double Cardan Shafts:
- Designed for high-torque and low-vibration applications in construction, commercial vehicles, and specialty machinery
Universal Joint Kits & Stand-Alone Components:
- Universal joints, stub ball yokes, sleeve yokes, slip stub shafts, lay shafts, flange yokes, splined PTO axle shafts
PTO Shafts and Drive Shaft Assemblies:
- For agricultural tractors, backhoe loaders, and custom-engineered mobility solutions
Machined Components & Sub-Assemblies:
- Precision-engineered assemblies for OEMs; custom short-coupled propeller shafts and reverse sleeve yoke type solutions
Sectoral Reach:
- Vehicles: commercial, passenger, farm equipment, off-highway and construction vehicles, industrial drives
- Exports: Europe, North America, and select emerging markets
The company’s in-house design, manufacturing, and testing capabilities support both standard products and specialized requirements for custom configurations and performance criteria.
3. Recent News and Financial Performance
Business Developments:
- Hindustan Hardy continues to grow its domestic and export business, introducing new high-torque, low-vibration shaft designs and expanding OEM partnerships.
- The company has streamlined production and invested in technology upgrades at its Nashik plant, delivering improved quality and supply chain efficiency.
4. Financial Performance (FY2025)
| Metric | FY2025 Value | YoY Growth |
|---|---|---|
| Total Revenue | ₹81.45 crore | 20.06% ↑ |
| Net Profit | ₹6.59 crore | 35.33% ↑ |
| Operating Profit | ₹9.73 crore | - |
| Operating Profit Margin | 11.95% | - |
| Earnings Per Share (EPS) | ₹43.98 | 35.35% ↑ |
| Return on Equity (ROE) | 25% | Strong |
| Dividend | ~6.4% payout | - |
| Debt Status | Virtually Debt-Free | Maintained |