Hawkins Cookers Ltd

About [ edit ]

Hawkins Cookers is engaged in the business of manufacture, trading and sale of kitchenware.(Source : 202003 Annual Report Page No:42)

  • Market Cap 2,964 Cr.
  • Current Price 5,602
  • High / Low 6,201 / 3,950
  • Stock P/E 44.9
  • Book Value 245
  • Dividend Yield 1.43 %
  • ROCE 62.3 %
  • ROE 56.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 49.88%
  • Debtor days have improved from 34.08 to 27.20 days.

Cons

  • Stock is trading at 22.90 times its book value
  • The company has delivered a poor sales growth of 7.53% over past five years.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
169 121 173 175 185 142 193 193 146 101 193 231
149 104 145 155 163 120 157 162 131 91 157 198
Operating Profit 21 17 28 20 22 22 36 31 15 10 36 33
OPM % 12% 14% 16% 11% 12% 16% 19% 16% 10% 10% 19% 14%
Other Income 2 1 1 1 1 1 1 1 1 1 2 3
Interest 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 20 16 27 19 20 21 34 30 13 8 36 33
Tax % 37% 34% 34% 34% 34% 34% 21% 26% 28% 21% 27% 26%
Net Profit 13 11 18 12 13 14 27 22 9 6 26 24
EPS in Rs 24.24 20.22 33.27 23.56 25.49 25.87 50.99 42.53 17.70 12.20 49.15 45.80

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
222 261 304 335 386 417 469 487 512 553 653 674 671
194 206 255 289 335 358 418 419 438 482 567 570 578
Operating Profit 28 56 48 46 51 59 51 68 74 71 86 104 93
OPM % 13% 21% 16% 14% 13% 14% 11% 14% 14% 13% 13% 15% 14%
Other Income 4 4 3 4 5 5 4 -1 4 11 4 3 6
Interest 1 2 2 3 3 4 4 3 4 4 4 4 5
Depreciation 2 2 2 2 2 3 4 3 3 4 4 5 5
Profit before tax 29 56 48 45 50 57 47 60 71 74 82 98 89
Tax % 35% 34% 33% 32% 32% 33% 32% 33% 33% 34% 34% 26%
Net Profit 19 37 32 30 34 38 32 40 47 49 54 72 66
EPS in Rs 36.16 69.67 60.06 56.89 64.49 72.39 60.74 76.29 89.68 92.06 102.54 137.09 124.85
Dividend Payout % 55% 57% 67% 70% 78% 83% 74% 79% 78% 76% 78% 0%
Compounded Sales Growth
10 Years:10%
5 Years:8%
3 Years:10%
TTM:-6%
Compounded Profit Growth
10 Years:7%
5 Years:18%
3 Years:15%
TTM:-14%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:23%
1 Year:31%
Return on Equity
10 Years:57%
5 Years:54%
3 Years:50%
Last Year:56%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 21 34 41 46 49 51 54 56 101 105 113 134 124
Borrowings 9 12 12 12 23 25 19 32 27 25 31 40 16
51 70 91 93 92 106 105 124 101 111 118 119 162
Total Liabilities 86 121 149 156 170 187 182 217 235 246 267 298 308
14 16 17 20 20 23 22 22 22 23 26 32 33
CWIP 1 1 1 1 1 1 1 1 1 1 2 2 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
71 104 130 135 148 163 159 194 212 221 239 264 273
Total Assets 86 121 149 156 170 187 182 217 235 246 267 298 308

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
16 38 24 32 23 33 28 35 61 69 -6 66
1 -1 -0 -2 2 -1 0 -0 -14 -13 42 -20
-7 -10 -18 -27 -25 -32 -48 -17 -39 -52 -45 -52
Net Cash Flow 11 26 6 3 1 0 -19 17 7 4 -10 -6

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 90% 133% 91% 78% 75% 77% 65% 79% 66% 58% 61% 62%
Debtor Days 44 39 47 34 39 33 34 34 33 31 44 27
Inventory Turnover 4.27 3.89 4.05 3.78 3.95 3.53 3.57 2.95 2.75 3.59 3.64 2.58

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
56.03 56.03 56.03 56.03 56.03 56.03 56.03 56.03 56.03 56.03 56.03 56.03
0.33 0.18 0.17 0.13 0.10 0.15 0.25 0.34 0.34 0.30 0.14 0.14
14.18 14.00 14.00 14.41 15.20 15.29 15.84 14.70 14.85 15.28 15.50 15.95
29.46 29.79 29.79 29.43 28.67 28.53 27.88 28.93 28.78 28.39 28.33 27.88

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