Hinduja Group Listed Companies in India: The Hinduja Group is one of the largest Indian conglomerates, on par with other major business houses in India.
Their history goes back all the way to pre-Independence and pre-partition India. Founded in 1919, the Hinduja Group was primarily involved in two businesses – Merchant Banking and Trade.
Until 1979, the company’s headquarters were in Iran, after which it moved to Europe. The group has diversified its business to different sectors –
Automobiles (Ashok Leyland), Banking (IndusInd Bank), Power, Oil (Gulf Oil), Media (NXT Digital), and Healthcare. The Hinduja family employs more than 200,000 people and has offices in major cities across the world.
The 4 Hinduja brothers (Srichand, Gopichand, Prakash, and Ashok Hinduja) hold assets worth well over $100 billion worldwide. This blog will cover the Hinduja Group Listed Companies in India!
Hinduja Group Listed Companies in India
Following are the Hinduja Group Listed Companies in India, Let’s find out more!
1. Ashok Leyland
Ashok Leyland is the flagship company of the Hinduja Group. They manufacture medium and heavy commercial vehicles i.e., mid-sized and large trucks.
They are one of the top 10 manufacturers of buses, commercial vehicles, and trucks in the world. The company is headquartered in Chennai.
Let’s take a look at the financials of Ashok Leyland –
|Market Cap||₹42,995 crores|
|3 Year Sales Growth||-7.54%|
|3 Year Profit Growth||-60%|
|Price To Earnings Ratio||554|
|Debt To Equity Ratio||3.31|
|Dividend Yield||0.69 %|
Ashok Leyland is one of the largest companies in the Hinduja group, with a market capitalization of ₹42,207 crores.
Promoter holding is around 51.5% and has steadily maintained that figure for the past 2 years. The 3-year sales growth of Ashok Leyland is negative, at -7.54%.
3 Year profit growth is quite low, at c. For FY 2022, Ashok Leyland reported losses of ₹285 crores, as compared to a profit of ₹2,195 crores in FY 2019. The return On Equity is 1.68%, which is quite low.
The stock PE is 554, which is much higher than the industry PE of 328. The D/E ratio is quite high, at 3.31. Ashok Leyland shares have given a return of +12.61% for the year so far. (2022)
2. IndusInd Bank
IndusInd bank began its operations in 1994 when it was inaugurated by former Prime Minister and then finance minister Manmohan Singh.
The bank has both commercials as well as corporate business customers. The bank was started by S. P. Hinduja, chairman of the Hinduja Group.
Let’s take a look at the financials of Indusind Bank –
|Market Cap||₹ 90,219 Cr|
|3 Year Sales Growth||11.5 %|
|3 Year Profit Growth||11.8 %|
|Price To Earnings Ratio||15.3|
|Dividend Yield||0.73 %|
IndusInd Bank has a market capitalization of ₹89,324 crores, more than double that of Ashok Leyland, making it the largest company of the Hinduja Group.
Promoter Holding has increased by almost 2% from 14.38% (December 2019) to 16.51% (Sept 2022). But, promoters have pledged over 45% of their holdings.
The majority shareholders of IndusInd are FIIs at almost 47% (Sept 2022)
The sales growth of the bank for 3 years is 11.5%.
Profit growth is almost on par with sales growth at 11.8%.
The 3 Year ROE is low, at 10.4%.
The Stock P/E ratio is slightly below the industry P/E. IndusInd Bank has a P/E ratio of 15.2, and the industry P/E is 17.5
As of October 2022, IndusInd Bank has given 26% returns, year to date.
3. Gulf Oil Lubricants India
Gulf Oil Lubricants is a manufacturer of oils and lubricants for automobiles. They sell automotive, industrial, and marine lubricants, as well as batteries. The company has brand partnerships with F1 team Mclaren, Cricket Legend M S Dhoni, and watchmaker Tag Heuer.
Financials of Gulf Oil Lubricants –
|Market Cap||₹ 2,039 Cr.|
|3 Year Sales Growth||8.71 %|
|3 Year Profit Growth||5.77 %|
|Price To Earnings Ratio||8.64|
|Debt To Equity Ratio||0.37|
|Dividend Yield||1.20 %|
Gulf Oil Lubricants is a small-cap company, with a market capitalization of ₹2,017 crores. The promoter holding of the company is quite high at 72% and has remained consistently high for the past 3 years. Its 3 Year sales growth of the company is at 8.71. However, 3-year profit growth is lower, at 5.77%.
The stock has given an ROE of 22%, which is quite positive.
The P/E ratio of the company is 8.64, much lower than the industry PE or 26.9The company has a debt-to-equity ratio of 0.37.
Year to date, Gulf Oil Lubricants has given a negative return of -9.7%.
4. Gulf Oil Corporation Ltd.
Gulf Oil was originally a US-based company before it merged with SOCAL and became Chevron in the USA. Outside the USA, Spain, and Portugal, Gulf Oil is owned by the Hinduja Group. Under GOCL, the Hinduja group has forayed into chemicals, defence, explosives, and electronics.
Financials of Gulf Oil Corporation –
|Market Cap||₹ 1,326 Cr.|
|3 Year Sales Growth||-2.17 %|
|3 Year Profit Growth||18.9 %|
|Price To Earnings Ratio||8.6|
|Debt To Equity Ratio||1.38|
|Dividend Yield||1.09 %|
With a market capitalization of ₹ 1,344 Cr, GOCL is on par with NXT Digital as one of the smallest listed companies of Hinduja.
Promoter holding of GOCL is consistent and high at 73.8%.
3-year sales growth has dipped by -2.17% but during the same period, profits have increased by 18.9%.
ROE is quite low at 5.97% in 3 years. The company’s P/E is 8.51, one-third of the industry P/E of 26.9. Its debt-to-equity ratio is high at 1.38. Year to date, GOCL has given a return of -13%.
5. Hinduja Global Solutions
Headquartered in Bengaluru, HGS is the IT and business process company under the Hinduja Group. They employ over 20,000 people worldwide.
Financials of HGS –
HGS has a market capitalization of ₹5,116 crores.
Promoters hold a good 67% stake in the company. The shareholding pattern shows no significant movement of the promoters.
The company has given negative sales growth of -9.96%. However, 3-year profitability is up by 227%.
ROE is phenomenally high at 125%.
The P/E ratio of HGS i.e. 21 is lower than the Industry P/E of 27.7.
The company has a very low debt-to-equity ratio of 0.04, which is a very good indicator that the company has almost debt free.
Year to date, HGS has given a negative return of over -25%.
|Market Cap||₹ 5,229 Cr|
|3 Year Sales Growth||-9.96 %|
|3 Year Profit Growth||227 %|
|Price To Earnings Ratio||21|
|Debt To Equity Ratio||0.04|
|Dividend Yield||11.2 %|
6. NXT Digital
Through NXT Digital, the Hinduja group operates its media and communications business. The company provides media services through satellite, cable, and broadband.
The company has a pan- India presence and also provides internet connectivity through its subsidiary – ONEOTT Intertainment.
Financials of NXT Digital –
With a market capitalization of ₹1,323 crores, NXT Digital is one of the smallest listed companies of the Hinduja Group. The promoter holding pattern reveals that there has been a 6% drop in promoter shareholding since the quarter ending June 2020.
Overall, the promoters hold a 64.6% stake in the company. Its 3-year sales growth of the company is 17.5% and profit growth for the same duration is 25.5%, both good signs of the company’s performance.
3 Year ROE is negative at -24.5%.
The media company has a high D/E ratio of 5.02, which shows that the debt position of the company is bad.
Year to date, NXT Digital has given a positive return of +4.5%.
|Market Cap||₹ 1,328 Cr.|
|3 Year Sales Growth||17.5 %|
|3 Year Profit Growth||25.5 %|
|Debt To Equity Ratio||5.02|
|Dividend Yield||1.03 %|
That’s all for this blog on the Hinduja Group. We have covered all six of their listed companies and given you a brief description of each company. If you have any ideas to add to “Hinduja Group Listed Companies in India” then let us know below. Happy Investing!
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