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Hindusthan Engineering & Industries ₹875 ▼ 10.3% 1M
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Hindusthan Engineering & Industries Unlisted Shares

Industrials Railway wagons, jute goods and cyanide chemicals

Hindusthan Engineering & Industries Limited is a Kolkata-based manufacturer of railway wagons and rolling stock, jute goods and cyanide chemicals. It reported consolidated revenue from operations of ₹2,74,732 lakh in FY26.

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Indicative price
As of 23 Oct 2026
₹875 ▼ 10.26% in 1 month
Key facts

Hindusthan Engineering & Industries share details

Lot size
100 shares
Min. investment
₹87,500
Face value
₹10
Implied market cap
₹1,287 Cr
Shares outstanding
14,706,776
Headquarters
Kolkata, West Bengal
Website
heilindia.com
ISIN
INE665C01026
CIN
U93000WB1998PLC086303
Lock-in after IPO
6 months
Price history

Hindusthan Engineering & Industries share price chart

1Y change
-32.43%
High
₹1,295
Low
₹875

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Hindusthan Engineering & Industries

Hindusthan Engineering & Industries Limited (HEIL) is an unlisted public company with its registered office in Kolkata. It is part of the Hindusthan Group. As its annual report puts it, the company is mainly engaged in production of railway wagons and railway rolling stock, jute goods and chemicals. The business runs in three segments. The Engineering division makes railway rolling stock, points and crossing and steel castings. The Jute division, Dalhousie Jute Company at Champdany in West Bengal, makes jute goods. The Chemicals division, Hindusthan Chemicals Company at Olpad near Surat in Gujarat, makes sodium cyanide, potassium cyanide, diphenyl guanidine and MPBAD cyanohydrin. The works are spread across West Bengal, Rajasthan, Haryana, Madhya Pradesh and Gujarat. On a consolidated basis, revenue from operations was ₹2,74,732 lakh in FY26, down from ₹2,94,985 lakh in FY25. Profit after tax was ₹17,204 lakh against ₹21,834 lakh, and basic and diluted EPS was ₹116.98. Engineering contributed ₹2,16,071 lakh of FY26 revenue, Jute ₹40,063 lakh and Chemicals ₹18,598 lakh. Almost all of it came from within India. The company has one wholly owned subsidiary, Hindusthan Vidyut Corporation Limited, which was formed to set up a power plant and has not started any business. The company is controlled by a promoter group. Hindusthan Consultancy and Services Ltd holds 41.44% and Promain Limited holds 9.80% of the equity. Vikram Aditya Mody is the Executive Chairman. The paid-up capital is 1,47,06,776 equity shares of ₹10 each. At the indicative price of ₹875 a share, the implied market cap is about ₹1286.84 crore. This is not a listed price. HEIL has not listed on any stock exchange, and this page does not show a linked IPO. Unlisted shares of a company like this change hands off-market between buyers and sellers, so the price shown here is only indicative and no exchange sets it. The lot size we track is 100 shares.

Strengths

  • Consolidated profit after tax was ₹17,204 lakh in FY26 on revenue from operations of ₹2,74,732 lakh, so the company stayed solidly profitable even as sales fell.
  • Operating cash flow was positive at ₹21,210 lakh in FY26 and ₹18,601 lakh in FY25, in line with or above reported profit.
  • Total equity grew to ₹1,78,851 lakh at 31 March 2026 from ₹1,60,955 lakh a year earlier, as profits were retained and no dividend was paid.
  • Revenue comes from three different segments. Jute revenue rose to ₹40,063 lakh in FY26 from ₹31,909 lakh in FY25.
  • Finance cost fell to ₹3,470 lakh in FY26 from ₹4,420 lakh in FY25.
  • Cash and cash equivalents stood at ₹21,273 lakh and current investments at ₹26,780 lakh on 31 March 2026.

Risks

  • Revenue from operations fell to ₹2,74,732 lakh in FY26 from ₹2,94,985 lakh in FY25, and profit after tax fell to ₹17,204 lakh from ₹21,834 lakh.
  • The Engineering division, mainly railway rolling stock, made ₹2,16,071 lakh of FY26 revenue, so the business depends on one segment and on rail orders.
  • Export revenue dropped to ₹2,025 lakh in FY26 from ₹21,581 lakh in FY25, so almost all sales are now within India.
  • Current borrowings were ₹53,534 lakh at 31 March 2026, up from ₹47,403 lakh a year earlier, and inventories were ₹71,077 lakh.
  • Contingent liabilities not provided for include ₹1,495 lakh of sales tax matters, ₹1,648 lakh of central excise matters and ₹6,965 lakh of other claims under appeal.
  • The company has large related-party dealings, including interest income and loans to promoter group companies, and remuneration of ₹900 lakh to the Executive Chairman.
  • The chemicals and jute units work under hazardous-chemical and jute packaging regulation, which can raise compliance costs.
  • The shares are unlisted. Prices are indicative, trades are off-market, and there is no exchange price discovery or assured exit.
Financials

Hindusthan Engineering & Industries financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 2,747 2,950
PAT (₹ Cr) 172 218
PAT Margin (%) 6.26 7.40
RoNW (%) 9.62 13.57
EPS (₹) 116.98 148.46
Total Assets (₹ Cr) 2,674 2,436
Net Worth (₹ Cr) 1,789 1,610

Swipe the table sideways for earlier years →

Leadership

Management team

Vikram Aditya Mody
Executive Chairman
Re-appointed Executive Chairman for five years from 1 April 2026.
Anil Kumar Damari Singh
Executive Director (Technical)
Executive director on the board.
Rajendra Kumar Duggar
Independent Director
Chairs the audit committee.
Mool Chand Gauba
Independent Director
Non-executive independent director.
Itei Bubna
Independent Director
Appointed independent director from 7 May 2025.
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Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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