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Company Overview
Hella India Lighting, the Indian subsidiary of the German automotive lighting giant Hella, is renowned for its global standards in quality and customer orientation. Established in 2005, it has over 50 years of experience in the Indian market.
Product Offerings
Hella India Lighting provides a range of automotive products directly to OEMs and in the aftermarket. These include Projector Lamps, LED Lamps, Auxiliary Lamps, Lubricants, Spark Plugs, and Coolants.
Delisting and Shareholding
In 2015, Hella India Automotive Private Limited was delisted at a price of ₹52.39 per share. At the time of delisting, Hella Holding International GmbH held 69% of the shares, while Hella India Automotive Private Limited held approximately 31%.
Financial Performance
Yearly Financial Summary:
| Year | Revenue (Crores) | Gross Margin (%) | EBITDA (Crores) | PAT (Crores) | EPS (Rs.) | Market Cap (Crores) |
|---|---|---|---|---|---|---|
| 2011 | 50 | – | – | – | – | – |
| 2021 | 196 | – | – | – | – | – |
| 2022 | 196 | 45 | 40 | 16 | 50 | 126 |
New Share Issuance (08.08.2023)
On August 8, 2023, the company issued equity shares to Hella Holding International GmbH to raise capital for buying out minority shareholders. This issuance raised ₹54,45,80,618 through the issuance of 5,52,313 equity shares at ₹986 per share.
Highlights from FY21-22 Business Performance
- LED Front Lighting Systems: Provided LED front lighting systems for 2W electric vehicles in partnership with five OEMs.
- LED Head Lamp Manufacturing: Developed and manufactured LED head lamps in the popular 5.75” size at the Derabassi Plant.
- LED Marker Lamps: Successfully launched LED marker lamps for global business, supplying to a prominent global EV OEM in the USA.
- Aftermarket Business Division: Introduced a full range of filters and lubricants for two-wheelers and cars.
- Recognition: Awarded by The Great Place To Work Institute as one of “India’s Best Leaders in Times of Crisis 2021”.
Financial Performance of Hella India Unlisted Share (FY21-22)
- Revenue: Increased from ₹195 Crores to ₹305 Crores.
- Gross Margins: Maintained at 45%.
- EBITDA: Rose from ₹17 Crores to ₹40 Crores.
- PAT: Increased from ₹3 Lakhs to ₹16 Crores.
- EPS: ₹50 per share for FY22.
- Market Cap: ₹126 Crores at ₹400 per share.
Fundamentals
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹ 950 | ROE (%) | 29.62 |
| Debt to Equity | 0.52 | P/B | 3.3 |
| Market Cap (in Cr.) | ₹ 301 | P/E Ratio | 11.15 |
| Face Value | 10 | PAN Number | AAACJ0101G |
| Book Value | 288 | EPS | 85.17 |
| ISIN | INE431D01013 | No. Of Shares (in Cr.) | 3.17 |
Promoters & Managements
| Name | Designation |
|---|---|
| Rama Shankar Pandey | MD & CEO |
| Tarun Gulati | Director |
| Amit Bhardwaj | CFO |
| Manoj Singh | Whole-time Director |
Balance Sheet (Assets)
| Item | 2022 | 2023 |
|---|---|---|
| Fixed Assets | 53 | 62.5 |
| CWIP (Capital Work in Progress) | 9 | 7.7 |
| Investments | 0 | 0 |
| Trade Receivables | 55 | 68 |
| Inventory | 40 | 53 |
| Other Assets | 37 | 36.8 |
| Total Assets | 194 | 228 |
Balance Sheet (Liabilities)
| Item | 2022 | 2023 |
|---|---|---|
| Share Capital | 3 | 3.17 |
| FV (Face Value) | 10 | 10 |
| Reserves | 61 | 88 |
| Borrowings | 49 | 47 |
| Trade Payables | 60 | 66 |
| Other Liabilities | 21 | 23.83 |
| Total Liabilities | 194 | 228 |
| Item | 2022 | 2023 |
|---|---|---|
| PBT (Profit Before Tax) | 24 | 39 |
| OPBWC (Operating Profit Before Working Capital Changes) | 40 | 52 |
| Change in Receivables | -15 | -13.4 |
| Change in Inventories | -9 | -13 |
| Change in Payables | 2 | 6 |
| Other Changes | -8.2 | 5 |
| Working Capital Change | -30.2 | -15.4 |
| Cash Generated From Operations | 9.8 | 36.6 |
| Tax | -9 | -8 |
| Cash Flow From Operations | 0.8 | 28.6 |
| Purchase of PPE (Property, Plant, and Equipment) | -15 | -17.5 |
| Sale of PPE | 0 | 0 |
| Cash Flow From Investment | -15 | -17.5 |
| Borrowing | 19 | -1.67 |
| Dividends | 0 | 0 |
| Equity | 0 | 0 |
| Other Financing Activities | -5 | -6 |
| Cash Flow from Financing | 14 | -7.67 |
| Net Cash Generated | -0.2 | 3.43 |
| Cash at the Start | 4 | 3.52 |
| Cash at the End | 3.8 | 6.95 |
Share Holding Pattern
| Owner | 2022 (%) | 2023 (%) |
|---|---|---|
| Hella India Automotive Private Limited | 51.00 | 51.00 |
| Others | 31.59 | 31.59 |
| Total | 82.59 | 82.59 |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Hella India shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Hella India shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Hella India shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Hella India shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Hella India Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Hella India most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Hella India Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Hella India shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
