Hindusthan Engineering & Industries Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE665C01026
At a glance
Sales
FY25
₹2,950 Cr
+7.1%on FY24What the company earned from its customers in the year.
Profit
FY25
₹218 Cr
+5.3%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹1,274 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹1,777 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Hindusthan Engineering & Industries Limited
- ISIN
- INE665C01026
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹866.25
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Hindusthan Engineering & Industries Limited
Hindusthan Engineering & Industries is a Kolkata-based manufacturer with three businesses: railway freight wagons, steel castings and track components made at plants in West Bengal, jute sacking from its Dalhousie Jute mill, and gas-based chemicals such as sodium cyanide made in Gujarat. Engineering products account for roughly four-fifths of turnover. It belongs to the Hindusthan Group of the Mody family, whose companies hold about 84% of the shares.
Written from: crisilratings.com, heilindia.com, heilindia.com
Listing status. Not listed on any stock exchange (the FY2025-26 annual return answers 'No' to whether the shares are listed) HEIL annual return (Form MGT-7) FY2025-26
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE665C01026
- Year of incorporation
- 1998
- Promoter group
- Hindusthan Group led by the Mody family (Vikram Aditya Mody); 16 promoter shareholders, almost all bodies corporate, hold 84.10% of the equity
- Key people
- Chairman: Vikram Aditya Mody (whole-time director); Whole-time Director: Anil Kumar Damari Singh; CFO: Prakash Kumar Himatsingka; Company Secretary: Raj Kumar Agarwal
- Face value per equity share
- ₹10
- Equity shares outstanding
- 1,47,06,776 shares
- Official website
- heilindia.com
Read from: HEIL annual return (Form MGT-7) FY2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to book (P/B)calculated
0.72×
At this price you pay ₹0.72 for every ₹1 of net worth on the company's books.
Profit margincalculated
7.4%
Out of every ₹100 of sales, ₹7.4 was left as profit.
- Indicative price
- ₹866.25
- Market valuecalculated
- ₹1,274 Cr
- price × shares
- No. of shares
- 1,47,06,776
- Book value per share
- ₹1,208.27
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Hindusthan Engineering & Industries Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY25: ₹2,754 Cr to ₹2,950 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY25: ₹207 Cr to ₹218 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Operating income (CRISIL, combined with subsidiary) | n/a | 2,754.37 | 2,949.85 | n/a |
| Reported profit after tax (CRISIL, combined) | n/a | 207.28 | 218.34 | n/a |
| Turnover as stated in the annual return (Form MGT-7) | 1,756.16 | 2,754.37 | 2,999.48 | 2,747.32▼8% |
Rupees crore unless marked, consolidated, standalone. The change shown is the latest year against the year before. Read from: CRISIL Ratings rationale, 20 March 2026, HEIL annual return (Form MGT-7) FY2022-23, HEIL annual return (Form MGT-7) FY2023-24, HEIL annual return (Form MGT-7) FY2024-25, HEIL annual return (Form MGT-7) FY2025-26.
Credit rating. Crisil A+/Stable (long term) and Crisil A1 (short term), reaffirmed, on bank loan facilities of ₹1,574.5 crore (20 March 2026) CRISIL Ratings rationale, 20 March 2026
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2026
84.1%Promoters (16 holders, almost entirely bodies corporate)
- Largest holder
- 84.1%
- Top 3 together
- 95.0%
- Holders named
- 7
- Promoters (16 holders, almost entirely bodies corporate)84.10%
- Public: bodies corporate6.04%
- Public: resident individuals / HUF4.82%
- Public: insurance companies4.23%
- Public: others (UTI, trusts, LLPs, custodians)0.58%
- Public: State Government0.20%
- Public: non-resident Indians0.02%
- Total99.99%
Read from: HEIL annual return (Form MGT-7) FY2025-26
Leadership
Management
Vikram Aditya Mody
Whole-time Director (described by CRISIL as Chairman of the group)
Anil Kumar Damari Singh
Whole-time Director
Prakash Kumar Himatsingka
CFO
Raj Kumar Agarwal
Company Secretary
Rajendra Kumar Duggar
Director
Mool Chand Gauba
Director
Itei Bubna
Director (appointed additional director 7 May 2025, regularised 27 September 2025)
Read from: HEIL annual return (Form MGT-7) FY2025-26
Corporate calendar
Events
- 30 Sept 2026AGM29th annual general meeting held by video conference; accounts for FY2025-26 adopted and V. A. Mody's re-appointment put to voteOpen
- 27 Aug 2026AGM noticeNotice issued for the 29th AGMOpen
- 20 Mar 2026Credit ratingCRISIL reaffirmed Crisil A+/Stable/Crisil A1 on ₹1,574.5 crore of bank facilitiesOpen
- 27 Sept 2025AGM28th annual general meeting heldOpen
- 2025-08DivestmentHindusthan Specialty Chemicals Limited divested, with loans to it realised (as reported by CRISIL)Open
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- FY2025-2629th AGM Notice
- FY2025-26Annual Return 2026 (Form MGT-7)
- FY2025-26Scrutiniser's report and voting results, 29th AGM (30 September 2026)
- FY2025-26CRISIL rating rationale, 20 March 2026
- FY2024-2528th AGM Notice
- FY2024-25Annual Return 2025 (Form MGT-7)
- FY2023-24Annual return (Form MGT-7) FY2023-24
- FY2022-23Annual return (Form MGT-7) FY2022-23
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Hindusthan Engineering & Industries Limited on WhatsAppIs the price shown for Hindusthan Engineering & Industries Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Hindusthan Engineering & Industries Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Hindusthan Engineering & Industries Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Hindusthan Engineering & Industries Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.