HSPI Huffaz Seamless Pipe Industries Limited

Huffaz Seamless Pipe Industries Limited (HSPI) financial ratios

Huffaz Seamless Pipe Industries Limited earned a net margin of -95.1% in FY2023 against a five-year average of -57.1% (Engineering median 3.2%). Return on equity was -3.1%, compared with a sector median of 5.0%. The current ratio stood at 3.43× and debt was 0.9% of equity. Cash took about 1,971 days to cycle through receivables, inventory and payables.

FY2023 vs the Engineering median

Gross margin: -62.2%; Sector median 6.3%
Operating margin: -88.1%; Sector median 6.5%
Net margin: -95.1%; Sector median 3.2%
Return on equity (ROE): -3.1%; Sector median 5.0%
Return on assets (ROA): -2.1%; Sector median 2.3%
Current ratio: 3.43×; Sector median 1.36×
Debt to equity: 0.9%; Sector median 19.2%
Asset turnover: 0.02×; Sector median 0.51×

Median of the 15 companies in the sector with the figure for their latest fiscal year.

HSPI financial ratios (annual) (Rs mn)
Rs mn	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 * Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 * Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 * Jul 2005 – Jun 2006	FY2005 * Jul 2004 – Jun 2005	FY2004 Jul 2003 – Jun 2004
Profitability
Gross margin	(62.2%)	(76.8%)	(71.3%)	21.5%	26.5%	14.9%	10.3%	7.3%	9.0%	2.1%	2.4%	1.0%	5.9%	24.0%	22.4%	20.8%	18.1%	19.2%	17.7%	14.1%
EBITDA margin	(68.1%)	(87.0%)	(72.6%)	23.0%	43.4%	24.6%	21.8%	19.2%	9.0%	12.1%	19.1%	16.5%	28.4%	25.3%	23.5%	22.4%	18.9%	19.0%	17.5%	15.6%
Operating margin	(88.1%)	(112.9%)	(106.5%)	3.2%	8.0%	3.0%	1.4%	(1.0%)	(1.7%)	(2.4%)	(2.0%)	(2.5%)	0.9%	19.3%	19.1%	17.2%	14.4%	15.4%	13.4%	10.1%
Pre-tax margin	(85.8%)	(100.6%)	(139.1%)	(2.8%)	6.6%	1.7%	2.4%	0.4%	(3.0%)	(3.6%)	(4.7%)	(9.8%)	(2.6%)	16.4%	16.8%	15.1%	12.2%	15.4%	12.3%	11.6%
Net margin	(95.1%)	(80.2%)	(108.8%)	(1.8%)	0.4%	7.9%	2.7%	2.0%	(0.6%)	(2.4%)	(1.6%)	(6.5%)	(1.3%)	6.8%	8.5%	4.8%	10.2%	5.2%	9.4%	6.7%
Effective tax rate	—	—	—	—	93.3%	(361.8%)	(14.4%)	(356.3%)	—	—	—	—	—	58.8%	49.4%	68.3%	16.0%	66.1%	23.0%	42.4%
Returns
Return on equity (ROE)	(3.1%)	(2.0%)	(1.9%)	(0.1%)	0.0%	1.4%	0.5%	0.4%	(0.3%)	(0.8%)	(0.8%)	(3.2%)	(0.5%)	3.2%	8.0%	4.4%	12.6%	19.2%	28.2%	16.3%
Return on assets (ROA)	(2.1%)	(1.4%)	(1.4%)	(0.1%)	0.0%	1.0%	0.4%	0.3%	(0.2%)	(0.5%)	(0.5%)	(1.9%)	(0.3%)	1.9%	4.9%	2.8%	6.2%	5.8%	8.8%	5.0%
Return on invested capital (ROIC)	—	—	—	—	0.1%	2.5%	1.1%	3.5%	—	—	—	—	—	4.0%	8.2%	4.3%	13.9%	17.6%	21.5%	9.4%
Liquidity
Current ratio	3.43×	2.56×	2.08×	2.16×	2.07×	1.98×	1.62×	1.45×	1.36×	1.27×	1.21×	1.02×	1.10×	1.25×	1.33×	1.16×	1.07×	1.26×	1.26×	1.31×
Quick ratio	0.97×	0.18×	0.39×	0.14×	0.24×	0.38×	0.36×	0.31×	0.45×	0.30×	0.60×	0.18×	0.37×	0.27×	0.29×	0.68×	0.32×	0.44×	0.33×	0.50×
Leverage
Debt to equity	0.9%	0.9%	—	0.0%	0.0%	0.8%	3.4%	0.1%	0.1%	0.7%	1.7%	6.2%	5.4%	7.0%	7.6%	1.5%	2.6%	11.9%	20.0%	69.6%
Debt to capital	0.9%	0.9%	—	0.0%	0.0%	0.7%	3.3%	0.1%	0.1%	0.7%	1.7%	5.8%	5.1%	6.5%	7.1%	1.5%	2.6%	10.6%	16.6%	41.0%
Debt to assets	0.6%	0.6%	—	0.0%	0.0%	0.5%	2.3%	0.0%	0.1%	0.4%	1.1%	3.6%	3.2%	4.3%	4.6%	1.0%	1.6%	3.7%	5.9%	23.3%
Assets to equity	1.45×	1.42×	1.38×	1.38×	1.40×	1.44×	1.51×	1.53×	1.56×	1.58×	1.65×	1.70×	1.66×	1.65×	1.63×	1.61×	2.02×	3.28×	3.20×	3.26×
Efficiency
Asset turnover	0.02×	0.02×	0.01×	0.05×	0.07×	0.12×	0.13×	0.14×	0.27×	0.21×	0.29×	0.29×	0.23×	0.29×	0.58×	0.58×	0.61×	1.12×	0.93×	0.75×
Receivable days days	269	297	339	114	146	124	109	136	64	64	44	47	65	57	52	48	52	40	42	62
Inventory days days	2,362	2,693	3,681	2,177	1,403	663	580	461	201	191	154	182	225	322	186	134	204	164	180	173
Payable days days	658	736	1,545	1,015	721	387	418	429	206	219	125	91	112	224	155	83	129	79	56	32
Cash conversion cycle days	1,971	2,252	2,470	1,272	827	398	271	167	59	35	73	137	177	154	83	99	127	126	167	204
Dividends
Dividend payout ratio	—	—	—	—	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	0.0%	0.0%	56.0%	32.1%	0.0%	20.8%	0.0%
Earnings retention rate	—	—	—	—	1.00×	1.00×	1.00×	1.00×	—	—	—	—	—	1.00×	1.00×	0.44×	0.68×	1.00×	0.79×	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

HSPI: frequently asked questions

What is HSPI's EPS?

Huffaz Seamless Pipe Industries Limited reported basic earnings per share of Rs -2.93 for FY2023 (Jul 2022 – Jun 2023).

What was HSPI's revenue and profit in FY2023?

Huffaz Seamless Pipe Industries Limited reported revenue of Rs 171.0 mn and profit attributable to shareholders of -Rs 162.7 mn for FY2023 (Jul 2022 – Jun 2023).

What is HSPI's book value per share?

Huffaz Seamless Pipe Industries Limited's book value per share was Rs 95.50 at the end of FY2023. The shares trade at 0.09× book value.

Information only, not investment advice.