BSE: 505712
HIM TEKNOFORGE LIMITED
Manufactures auto components — including gears — for the automotive and farm equipment sectors. The largest revenue segment is tractor and agri-implements at 51% of sales, with the balance from other auto components. Operates manufacturing units in Himachal Pradesh (Gear Division, Manpura Unit), Madhya Pradesh (Unit-I, Unit-II), and Gujarat (Gametha Unit, Vadodara). Revenue mix is 83.8% domestic and 16.2% exports, and raw materials make up the largest cost at 54.4% of revenue. The Board has approved amendments to add electricity generation — including solar, wind, and hybrid power — as a permissible business activity. The company exited subsidiary Himforge Rings LLP and dissolved its Dinamico Axles & Drive Wheels joint venture, and has proposed material related party transactions with promoter-group entity Globe Precision Industries Pvt Ltd. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Tractor and agri-implements (51%). Auto component manufacturer with high exposure to the tractor and agri-implements segment.
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q3 FY25 |
|---|---|
| Revenue | 88 |
| Profit before tax | 3 |
| Net profit | 1 |
| EPS (₹) | 1.63 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 156.4 | 25.3 | 116 of 119 | 3% |
| EBITDA margin | 11.6 | 12.2 | 66 of 118 | 44% |
| Market cap | 263 | 1460 | 90 of 126 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 19 Oct 2026 · RTA submits quarterly dematerialization certificate for Q2 FY27 | compliance | minimal | — | — |
| 8 Oct 2026 · Him Teknoforge signs strategic cooperation MOU with German firm Richard Neumayer | strategic transactions | medium | — | — |
| 1 Oct 2026 · Him Teknoforge 55th AGM: all 8 resolutions passed with near-unanimous support | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Shareholders approve 3 independent director appointments at AGM | management changes | medium | — | — |
| 1 Oct 2026 · Dividend of Rs. 0.80 per share approved for FY26 | corporate actions | high | — | — |
| 1 Oct 2026 · All 8 resolutions passed at 55th AGM with over 99.99 percent approval | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed for Him Teknoforge ahead of Q2 results | compliance | minimal | — | — |
| 30 Sept 2026 · 55th AGM proceedings: dividend declared, 3 new independent directors appointed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Two Independent Directors cease upon tenure completion | management changes | medium | — | — |
| 8 Sept 2026 · Newspaper publication of 55th AGM notice filed with BSE | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.