Hindustan Composites Ltd
Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]
- Market Cap ₹ 617 Cr.
- Current Price ₹ 417
- High / Low ₹ 494 / 295
- Stock P/E 17.2
- Book Value ₹ 642
- Dividend Yield 0.48 %
- ROCE 3.84 %
- ROE 3.22 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.65 times its book value
- Debtor days have improved from 64.3 to 51.2 days.
- Company's working capital requirements have reduced from 74.8 days to 42.6 days
Cons
- Company has a low return on equity of 2.81% over last 3 years.
* 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: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
115 | 93 | 107 | 143 | 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 297 | |
84 | 99 | 110 | 107 | 123 | 127 | 162 | 172 | 158 | 155 | 195 | 239 | 245 | |
Operating Profit | 30 | -6 | -3 | 36 | 30 | 39 | 37 | 25 | 20 | 30 | 37 | 44 | 52 |
OPM % | 26% | -6% | -3% | 25% | 20% | 23% | 18% | 13% | 11% | 16% | 16% | 16% | 17% |
3 | 24 | 33 | 0 | 0 | 1 | 0 | 2 | 0 | 4 | -4 | -2 | 1 | |
Interest | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 5 | 6 | 7 | 6 | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 9 |
Profit before tax | 28 | 12 | 22 | 30 | 24 | 32 | 28 | 18 | 10 | 25 | 25 | 33 | 43 |
Tax % | 24% | 16% | 20% | 13% | 13% | 22% | 10% | -4% | -17% | 15% | 13% | 16% | |
21 | 10 | 17 | 26 | 21 | 25 | 25 | 19 | 12 | 21 | 22 | 27 | 36 | |
EPS in Rs | 14.14 | 6.89 | 11.62 | 17.43 | 14.00 | 16.82 | 17.18 | 12.86 | 8.15 | 14.21 | 14.63 | 18.60 | 24.33 |
Dividend Payout % | 5% | 5% | 6% | 2% | 2% | 2% | 3% | 16% | 25% | 14% | 14% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 7% |
3 Years: | 17% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 3% |
3 Years: | 36% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 13% |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 493 | 503 | 519 | 544 | 630 | 688 | 733 | 755 | 764 | 812 | 912 | 916 | 941 |
7 | 8 | 7 | 6 | 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 1 | |
26 | 28 | 31 | 29 | 62 | 83 | 88 | 89 | 84 | 103 | 83 | 76 | 95 | |
Total Liabilities | 532 | 544 | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,045 |
48 | 115 | 114 | 115 | 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 130 | |
CWIP | 43 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
Investments | 282 | 341 | 363 | 386 | 473 | 541 | 613 | 617 | 625 | 687 | 796 | 807 | 835 |
158 | 87 | 85 | 83 | 109 | 116 | 98 | 113 | 113 | 120 | 94 | 82 | 77 | |
Total Assets | 532 | 544 | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,045 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 5 | 4 | 11 | 8 | 11 | 53 | 5 | 4 | 9 | 22 | 16 | |
3 | -12 | -1 | -8 | -6 | -9 | -54 | -3 | 3 | 0 | -13 | -21 | |
-11 | -1 | -3 | -3 | -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | |
Net Cash Flow | 2 | -8 | -0 | 1 | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 49 | 74 | 91 | 59 | 63 | 59 | 63 | 63 | 70 | 83 | 59 | 51 |
Inventory Days | 78 | 58 | 54 | 44 | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 |
Days Payable | 60 | 83 | 85 | 75 | 101 | 166 | 164 | 154 | 166 | 198 | 151 | 110 |
Cash Conversion Cycle | 68 | 49 | 60 | 28 | 14 | -49 | -48 | -36 | -31 | -55 | -44 | -21 |
Working Capital Days | 318 | 128 | 131 | 106 | 81 | 109 | 103 | 101 | 108 | 143 | 39 | 43 |
ROCE % | 5% | 2% | 4% | 5% | 4% | 5% | 4% | 2% | 1% | 3% | 3% | 4% |
Documents
Announcements
- Corporate Action-Board to consider Dividend 1d
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
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
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Business Overview:[1][2]
HCL is an ISO 9001:2015 & IATF 16949:2016 certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business.