Hindustan Construction Company Ltd
Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. [1]
- Market Cap ₹ 6,215 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 46.0 / 15.0
- Stock P/E 36.5
- Book Value ₹ -3.90
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 117 to 80.8 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.55% over past five years.
- Promoter holding is low: 18.6%
- Promoters have pledged 76.8% of their holding.
- Earnings include an other income of Rs.434 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -16.1%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,158 | 8,510 | 9,668 | 10,353 | 8,540 | 9,867 | 10,132 | 10,544 | 9,444 | 8,248 | 10,668 | 9,857 | 8,328 | |
7,755 | 8,129 | 8,830 | 9,108 | 7,500 | 9,103 | 9,401 | 9,763 | 8,600 | 7,857 | 9,480 | 9,280 | 7,224 | |
Operating Profit | 403 | 381 | 838 | 1,244 | 1,040 | 764 | 731 | 781 | 844 | 391 | 1,188 | 577 | 1,104 |
OPM % | 5% | 4% | 9% | 12% | 12% | 8% | 7% | 7% | 9% | 5% | 11% | 6% | 13% |
-65 | 207 | 159 | 164 | 126 | -37 | -105 | -452 | 487 | -122 | 615 | 474 | 434 | |
Interest | 833 | 900 | 1,091 | 1,280 | 1,220 | 1,543 | 1,525 | 808 | 817 | 1,001 | 1,036 | 1,012 | 914 |
Depreciation | 262 | 314 | 307 | 327 | 250 | 206 | 201 | 177 | 152 | 136 | 138 | 129 | 120 |
Profit before tax | -757 | -627 | -401 | -199 | -304 | -1,022 | -1,100 | -657 | 362 | -867 | 628 | -90 | 504 |
Tax % | 21% | 14% | 4% | -14% | -76% | 4% | 1% | 92% | 46% | 30% | 10% | 69% | |
-602 | -529 | -364 | -208 | -537 | -983 | -1,090 | -50 | 197 | -610 | 563 | -28 | 422 | |
EPS in Rs | -5.28 | -4.81 | -2.76 | -1.49 | -3.49 | -4.53 | -4.86 | -0.30 | 1.17 | -3.63 | 3.35 | -0.17 | 2.51 |
Dividend Payout % | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | -1% |
3 Years: | 1% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 7% |
3 Years: | % |
TTM: | 136% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 24% |
3 Years: | 70% |
1 Year: | 131% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 61 | 61 | 61 | 65 | 78 | 101 | 102 | 151 | 151 | 151 | 151 | 151 | 151 |
Reserves | 700 | 455 | 480 | 459 | -560 | -369 | -1,170 | -1,151 | -910 | -1,469 | -810 | -866 | -807 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 562 | 0 | 0 | 0 | 0 | 0 | |
8,764 | 9,969 | 11,150 | 11,880 | 9,495 | 9,780 | 8,894 | 4,108 | 4,253 | 4,777 | 2,018 | 5,512 | 2,583 | |
4,949 | 4,727 | 6,111 | 6,606 | 6,718 | 7,557 | 8,760 | 7,802 | 8,707 | 9,322 | 12,835 | 8,383 | 8,406 | |
Total Liabilities | 14,473 | 15,211 | 17,801 | 19,010 | 15,730 | 17,069 | 16,586 | 10,910 | 12,200 | 12,781 | 14,194 | 13,180 | 10,334 |
3,232 | 3,256 | 3,233 | 4,494 | 1,865 | 1,713 | 1,729 | 575 | 771 | 866 | 723 | 623 | 553 | |
CWIP | 2,041 | 2,717 | 3,645 | 3,135 | 1,696 | 1,890 | 1,714 | 169 | 178 | 2 | 1 | 0 | 0 |
Investments | 202 | 156 | 159 | 273 | 601 | 476 | 417 | 181 | 356 | 418 | 59 | 79 | 120 |
8,998 | 9,082 | 10,763 | 11,108 | 11,568 | 12,990 | 12,726 | 9,985 | 10,895 | 11,496 | 13,411 | 12,477 | 9,660 | |
Total Assets | 14,473 | 15,211 | 17,801 | 19,010 | 15,730 | 17,069 | 16,586 | 10,910 | 12,200 | 12,781 | 14,194 | 13,180 | 10,334 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-8 | 632 | 740 | 702 | 87 | 48 | 1,441 | 183 | 538 | 348 | 947 | 17 | |
-542 | -996 | -1,270 | -843 | 180 | -59 | 71 | -5 | -18 | -83 | -208 | 447 | |
844 | 482 | 470 | -181 | -397 | 46 | -1,336 | -312 | -514 | 101 | -660 | -603 | |
Net Cash Flow | 294 | 118 | -60 | -322 | -131 | 34 | 176 | -133 | 5 | 366 | 79 | -139 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 29 | 28 | 26 | 25 | 85 | 89 | 123 | 73 | 199 | 72 | 81 |
Inventory Days | 1,352 | 1,208 | 2,007 | 2,442 | 876 | 1,093 | 813 | 283 | 201 | |||
Days Payable | 754 | 425 | 656 | 1,248 | 1,073 | 1,451 | 1,185 | 1,229 | 1,301 | |||
Cash Conversion Cycle | 629 | 812 | 1,379 | 1,220 | -172 | -273 | -282 | -824 | -1,027 | 199 | 72 | 81 |
Working Capital Days | 55 | 76 | 33 | 16 | 34 | 23 | -109 | -3 | -71 | 68 | -18 | -3 |
ROCE % | 2% | 2% | 6% | 8% | 7% | 6% | 7% | 12% | 29% | 11% | 50% | 17% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Apr - Copies of the advertisement published in the News Papers with respect to the Rights Issue
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
19 Apr - Copy of the Press Release that is being issued by the Company.
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Announcement under Regulation 30 (LODR)-Change in Management
18 Apr - Letter regarding the appointment of Chief Financial Officer
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
18 Apr - Letter under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding change in Chief Financial Officer of the Company
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptNotesPPTREC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
Service Offerings
HCC has executed a majority of India's landmark infrastructure projects, having constructed 26% of India's Hydro Power generation and 60% of India's Nuclear Power generation capacities, over 4,036 lane km of Expressways and Highways, more than 360 km of complex Tunnelling and 395 Bridges.[1]
It is also involved in the business of infrastructure development and real estate through subsidiaries. [2]