Hindusthan Engineering & Industries Unlisted Shares FY24 Results: A Good Investment Opportunity?

The FY24 financials of Hindusthan Engineering & Industries are out, so let's take a quick 1-minute look!

Revenue & PAT: The company's revenue has increased by 56.82%, from ₹1,783.34 crore to ₹2,796.70 crore. Moreover, there has been a massive 196% jump in PAT (Profit After Tax), from ₹70.03 crore to ₹207.28 crore.

EPS (Earnings Per Share): The EPS has grown by 196.78%, rising from 47.49 to 140.94, which is great news for shareholders.

Assets & Equity: The company's assets have grown by 23%, now standing at ₹2,222.17 crore. Additionally, equity has increased by 16%, reaching ₹1,398.80 crore.

Hindusthan Engineering & Industries Unlisted Shares has a PE ratio of 9.75, which is significantly undervalued compared to the industry average of 25. So, you might want to consider investing in Hindusthan Engineering & Industries Pre IPO Shares, and for that, you can connect with Planify.

About Hindustan Engineering and Industries Limited:

Hindusthan Engineering & Industries Limited (The Company) has rapidly grown in the last 65 years and has emerged as a multi-product multi-location Company in India. The company has been able to catapult ourselves into the frontiers of the latest technology in each area of our activities through strategic alliances with world leaders and in-house Research & Development.
The company provides a diversified product company in Rolling Stock, Railway Track Materials, Gas-based chemicals, and Jute products. Currently, the company supplies Bogies, Couplers, Draft Gears, and CMS Crossings to the Ministry of Railways and is one of the largest producers of Bogies, Side Frames, Bolsters, Couplers, Draft Gears, and other components for Rolling Stock.​