In-depth stock analysis on Himalayan Distillery Limited (HDL) -- the manufacturer of Golden Oak

September 27th 2023

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Brief Overview

- FY 2079/80 net profit: NPR 660.12M for FY 2079/80, down 37.5% year on year (YoY), the first decline in 5 years (excluding COVID-19 impacted FY 2076/77). 

- Cash conversion cycle: Increased to 342 days (from 104), driven by a 26.82% YoY revenue drop and a 71.06% rise in debtors (now 242 days from 75).

- Negative free cash flows to firm and equity in FY 2079/80 for the first time in five years.

- Year-end cash balance: Decreased by 57.8% to NPR 471.05 million.

- Gross profit margin: 59.76%, net profit margin: 22.22%, potential to improve profitability by boosting sales.

Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD. Nabil's net profit margin and return on equity in FY 2076/77 declined to 14.5 percent and 18.6 percent, mainly due to decrease net interest income. The Bank has a well-established risk management system with an NPA of 0.48 percent .Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD. Nabil's net profit margin and return on equity in FY 2076/77 declined to 14.5 percent and 18.6 percent, mainly due to decrease net interest income. The Bank has a well-established risk management system with an NPA of 0.48 percent Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD. Nabil's net profit margin and return on equity in FY 2076/77 declined to 14.5 percent and 18.6 percent, mainly due to decrease net interest income. The Bank has a well-established risk management system with an NPA of 0.48 percent .Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD. Nabil's net profit margin and return on equity in FY 2076/77 declined to 14.5 percent and 18.6 percent, mainly due to decrease net interest income.

Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD. Nabil's net profit margin and return on equity in FY 2076/77 declined to 14.5 percent and 18.6 percent, mainly due to decrease net interest income. The Bank has a well-established risk management system with an NPA of 0.48 percent .Nabil Bank (Nabil) has remained the leading financial institution since its establishment in 1984 AD.

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