Hella India Lighting : Company Overview
HELLA India Lighting Ltd. (HILL) is a subsidiary of the global HELLA Group, focusing on advanced automotive lighting and safety technologies. The company aims to enhance road safety in India through state-of-the-art products for the original equipment (OE) segment and independent Aftermarket networks. HILL has modernized its facilities, especially its Derabassi plant, and is committed to reducing road accident fatalities by 10% by the end of the decade. By partnering with government and NGOs, HILL raises awareness on road safety and launches innovative safety-enabling products.
| Company Name | Hella India Lighting |
| Company Type | Unlisted Public Company (Buy unlisted shares) |
| Industry | Automotive Lighting |
| Founded | 1959 |
| Registered Address | New Delhi – 110019 Delhi |
Timeline
1986: Hella India Lighting was incorporated and started its operations in India
2001: Hella India Lighting opened a new manufacturing facility in Dhankot, Gurgaon
2005: Introduction of advanced lighting solutions such as LED lighting systems
2015: Hella India Lighting introduced adaptive lighting systems and smart vehicle electronics
2021: Introduction of state-of-the-art manufacturing processes and Industry 4.0 practices in its plants
2022: Collaboration with Indian tech startups to integrate AI and IoT technologies into their lighting and electronic systems.
2023: Expansion into the electric vehicle (EV) market with specialized lighting solutions tailored for EVs
Industry Overview
The Indian automotive lighting market was valued at US $ 3.3 billion in 2023 and is expected to grow to US $ 5.5 billion by 2032, with a CAGR of 5.70%. This growth is driven by advancements in LED and OLED technologies, enhancing efficiency and design.
Key components include headlights, taillights, fog lights, and interior lighting, essential for visibility and safety. The market is influenced by increasing safety demands, stringent government regulations for energy efficiency, and consumer preferences for distinctive vehicle designs. The rise of electric vehicles (EVs) and the integration of smart lighting with autonomous driving technologies are also significant drivers.
Market segmentation includes technology (halogen, Xenon/HID, LED), vehicle type (passenger and commercial), sales channel (OEM and aftermarket), and application (front, rear, side, and interior lighting). Regionally, it spans North India, West and Central India, South India, and East and Northeast India.
The competitive landscape analysis offers insights into key players and market dynamics, supported by a comprehensive quantitative assessment from 2018 to 2032. Porter’s five forces analysis further helps stakeholders evaluate the competitive environment.
Business Segments
HELLA India Lighting Ltd.
HELLA India Lighting Ltd. (HILL) promotes “Technology of Tomorrow for the Life of Today” on Indian roads. The company’s strategy, adopted by the Management Board and all employees, centers on enhancing road safety. HILL focuses on advanced technology products for the original equipment (OE) segment and runs safety awareness campaigns through its robust independent Aftermarket network.
HELLA Independent Aftermarket
Headquartered at Gurgaon, the Aftermarket division of HELLA has its offices and distribution points across India, with a more than 113 team strength. Currently the Independent Aftermarket unit has116 authorized distributors and 3,000 authorized retail partners to support a wide range of domestic and international lighting, electrical and thermal product portfolios of HELLA and Behr Hella Service.
HELLA India Automotive
HELLA is a global, family-owned company listed on the stock exchange, with over 40,000 employees across 125 locations in more than 35 countries. It specializes in developing and manufacturing lighting technology and electronic components for the automotive industry and has one of Europe’s largest retail organizations for automotive parts, accessories, diagnostics, and services.
Product Portfolio
Management
Tarun Gulati – Independent Director
Mr. Ayush Gupta – Chief Financial Officer
Manoj Singh – Whole-time Director
Awards & Recognitions
Shareholding Pattern
| Name | Shareholding % |
| Hella Holding International GmbH, Germany, the holding company | 51 |
| Hella India Automotive Private Limited | 31.59 |
Financial Highlights
| Financials (in crores) | 31st March,2024 | 31st March,2023 | Increase % |
| Revenue | 416.89 | 391.44 | 7% |
| EBITDA | 57.65 | 54.78 | 5% |
| PAT | 29.11 | 26.89 | 8% |
| EPS (diluted) | 82.47 | 84.79 | -3% |
| PAT Margins | 7% | 7% | 2% |
Valuation
| Valuations | 31st March, 2024 |
| Share Price (23/09/2024) | 899 |
| Outstanding shares | 37,23,713 |
| MCAP (in Crs) | 334.7 |
| P/E Ratio | 10.9 |
| P/S Ratio | 0.8 |
| P/B Ratio | 1.91 |
| Book value per share | 468.69 |
Peer Comparison
| Financials (in crores) | Hella India Lighting | Uravi T and Wedge Lamps Ltd |
| Revenue | 416.89 | 42 |
| EBITDA | 57.65 | 7 |
| PAT | 29.11 | 2 |
| EPS (diluted) | 82.47 | 1.94 |
| PAT Margins | 7% | 5.08% |
| Share Price | 899 | 453 |
| Outstanding shares | 37,23,713 | 1,10,15,453 |
| MCAP (in Crs) | 334.7617987 | 499 |
| P/E Ratio | 10.9 | 254 |
| P/S Ratio | 0.8 | 11.884029 |
| P/B Ratio | 1.91 | 19.525862 |
| Book value per share | 468.69 | 23.2 |
Recent News
(5 June, 2024)
Hella India Lighting Ltd. and IIT Roorkee have signed an MoU to foster an industry-academia collaboration focused on future mobility solutions. Key initiatives include joint research projects, an industry-oriented M.Tech. program, student internships, Prime Minister Fellowships for doctoral research, and skill development workshops. Hackathons and exhibitions will also be held to promote innovation and cutting-edge research. This partnership aims to bridge the gap between industry needs and academic training.
(source: AutocarPro)
SWOT Analysis
Strengths:
- Strong Brand Reputation: Hella is globally recognized for producing high-quality automotive lighting and electronics, which strengthens its market presence in India.
- Technological Expertise: The company leverages cutting-edge technologies for lighting solutions, making it a leader in innovation and product quality.
- Strategic Partnerships: Collaborations, like the one with IIT Roorkee, bolster research and development, offering a competitive edge in mobility solutions.
- Wide Product Range: Hella offers a diverse range of automotive lighting products catering to various vehicle types, from passenger cars to commercial vehicles.
- Global Support: Being part of the FORVIA group, Hella India benefits from global resources, expertise, and a robust supply chain network.
Weaknesses:
- Dependence on the Automotive Sector: A significant portion of the company’s revenue comes from the automotive industry, making it vulnerable to downturns in this sector.
- Cost Pressures: As a global player, Hella faces price competition in the Indian market, which may reduce margins, especially in price-sensitive segments.
- Limited Local Manufacturing: While Hella is established in India, its manufacturing base may not yet fully cater to the unique demands of local consumers, limiting its agility.
Opportunities:
- Growth in Electric Vehicles (EVs): The rise of EVs in India presents an opportunity for Hella to develop specialized lighting and electronics solutions for this segment.
- Industry-Academia Collaborations: The partnership with IIT Roorkee and other educational institutions can lead to innovations in mobility, positioning Hella as a thought leader in futuristic solutions.
- Expanding Market Demand: With India’s automotive market growing, there is increasing demand for technologically advanced lighting solutions.
- Government Initiatives: Programs like “Make in India” and the push for self-reliant manufacturing could encourage Hella to expand local production and innovation.
Threats:
- Intense Competition: The automotive lighting industry in India is highly competitive, with both global and local players vying for market share.
- Economic Uncertainty: Global and domestic economic factors, such as slowdowns or disruptions, can impact vehicle sales, affecting Hella’s revenues.
- Technological Disruptions: Rapid technological changes may lead to obsolescence in lighting solutions if Hella does not adapt quickly to emerging trends.
- Regulatory Changes: Stringent environmental regulations and safety standards may require continuous product upgrades, increasing R&D and compliance costs.
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Hella India Lighting unlisted shares are currently trading at ₹ 899, CLICK HERE to Invest.
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