Hawkins Cookers Ltd

About

Hawkins Cookers Ltd is engaged in the business of manufacture, trading and sale of kitchenware.[1]

Key Points

Product Portfolio
Company's product portfolio includes its flagship cookware i.e. pressure cooker; its other cookware products include tava, frying pan, saucepans, cook-n-serve bowls, handi, stewpot, etc.[1]

See full details
  • Market Cap 3,282 Cr.
  • Current Price 6,205
  • High / Low 6,590 / 4,950
  • Stock P/E 36.0
  • Book Value 336
  • Dividend Yield 1.45 %
  • ROCE 57.2 %
  • ROE 50.8 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.58%

Cons

  • Stock is trading at 18.47 times its book value
  • The company has delivered a poor sales growth of 9.57% over past five years.
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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
173 175 185 142 193 193 146 101 193 231 243 151
145 155 163 120 157 162 131 91 157 198 211 127
Operating Profit 28 20 22 22 36 31 15 10 36 33 32 24
OPM % 16% 11% 12% 16% 19% 16% 10% 10% 19% 14% 13% 16%
Other Income 1 1 1 1 1 1 1 1 2 3 2 2
Interest 1 1 1 1 1 1 1 1 1 1 1 2
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2
Profit before tax 27 19 20 21 34 30 13 8 36 33 32 23
Tax % 34% 34% 34% 34% 21% 26% 28% 21% 27% 26% 24% 26%
Net Profit 18 12 13 14 27 22 9 6 26 24 24 17
EPS in Rs 33.27 23.56 25.49 25.87 50.99 42.53 17.70 12.20 49.15 45.80 45.33 32.40

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
261 304 335 386 417 469 487 512 553 653 674 768 819
206 255 289 335 358 418 419 438 482 567 570 658 694
Operating Profit 56 48 46 51 59 51 68 74 71 86 104 111 125
OPM % 21% 16% 14% 13% 14% 11% 14% 14% 13% 13% 15% 14% 15%
Other Income 4 3 4 5 5 4 -1 4 11 4 3 7 9
Interest 2 2 3 3 4 4 3 4 4 4 4 5 5
Depreciation 2 2 2 2 3 4 3 3 4 4 5 5 6
Profit before tax 56 48 45 50 57 47 60 71 74 82 98 108 123
Tax % 34% 33% 32% 32% 33% 32% 33% 33% 34% 34% 26% 25%
Net Profit 37 32 30 34 38 32 40 47 49 54 72 81 91
EPS in Rs 69.67 60.06 56.89 64.49 72.39 60.74 76.29 89.68 92.06 102.54 137.09 152.50 172.68
Dividend Payout % 57% 67% 70% 78% 83% 74% 79% 78% 76% 78% 0% 52%
Compounded Sales Growth
10 Years:10%
5 Years:10%
3 Years:12%
TTM:29%
Compounded Profit Growth
10 Years:10%
5 Years:13%
3 Years:18%
TTM:40%
Stock Price CAGR
10 Years:15%
5 Years:16%
3 Years:28%
1 Year:23%
Return on Equity
10 Years:55%
5 Years:51%
3 Years:52%
Last Year:51%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5 5 5 5 5 5 5 5 5 5 5 5
Reserves 34 41 46 49 51 54 56 101 105 113 134 172
Borrowings 12 12 12 23 25 19 32 27 25 31 40 38
70 91 93 92 106 105 124 101 111 118 119 177
Total Liabilities 121 149 156 170 187 182 217 235 246 267 298 392
16 17 20 20 23 22 22 22 23 26 32 39
CWIP 1 1 1 1 1 1 1 1 1 2 2 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
104 130 135 148 163 159 194 212 221 239 264 350
Total Assets 121 149 156 170 187 182 217 235 246 267 298 392

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
38 24 32 23 33 28 35 61 69 -6 66 189
-1 -0 -2 2 -1 0 -0 -14 -13 42 -20 -119
-10 -18 -27 -25 -32 -48 -17 -39 -52 -45 -52 -40
Net Cash Flow 26 6 3 1 0 -19 17 7 4 -10 -6 29

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 39 47 34 39 33 34 34 33 31 44 27 19
Inventory Days 107 104 110 96 123 110 142 138 94 124 167 97
Days Payable 133 107 89 58 72 60 77 65 73 66 62 77
Cash Conversion Cycle 13 43 55 77 84 83 98 105 52 103 133 40
Working Capital Days -8 -8 -9 4 3 13 10 29 15 47 50 -3
ROCE % 133% 91% 78% 75% 77% 65% 79% 66% 58% 61% 62% 57%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 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
0.18 0.17 0.13 0.10 0.15 0.25 0.34 0.34 0.30 0.14 0.14 0.17
14.00 14.00 14.41 15.20 15.29 15.84 14.70 14.85 15.28 15.50 15.95 16.57
29.79 29.79 29.43 28.67 28.53 27.88 28.93 28.78 28.39 28.33 27.88 27.23

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