Hindoostan Mills Ltd

Hindoostan Mills Ltd

₹ 262 0.77%
18 Apr - close price
About

Incorporated in 1873, Hindoostan Mills Ltd is in the business of Manufacture and Sale of Fabric and Yarn and Refiling of Elastic Calendar Bowls[1]

Key Points

Product Profile:
A) Textile:[1] 86% of FY22 revenue
Open-end yarns from 4’s to 30’s count in Cotton
Greige Fabrics and weaves which are exported to Europe, USA, South America, Korea, Thailand, and other Far East countries Processed Fabrics used in shirting, bottom wear, industrial and work wear, and also wider width fabrics used for home furnishing and bed sheets.

B) Engineering[2] 14% of FY22 revenue
ECK Haubold & Laxmi is the engineering division of Hindoostan Mills Limited, specializing in the manufacture and supply of calendar bowls, calendaring machines, squeeze rolls, and related products including Cotton Roll, Comber Rolls, Polyamide Roll, Wool Paper Roll, Hard Chrome Roll, Laxmi Helextra Roll, ECK NCCM Roll, Wiper Bar, Flax Paper Roll, Design Roll, etc. for the textile, paper, and steel industry

  • Market Cap 43.5 Cr.
  • Current Price 262
  • High / Low 411 / 199
  • Stock P/E 725
  • Book Value 289
  • Dividend Yield 0.00 %
  • ROCE -15.4 %
  • ROE -16.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.91 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.74% over past five years.
  • Company has a low return on equity of -6.18% over last 3 years.
  • Contingent liabilities of Rs.17.8 Cr.
  • Earnings include an other income of Rs.5.57 Cr.
  • Company's cost of borrowing seems high

* 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: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
17.80 27.61 19.92 25.20 28.52 30.10 27.99 21.23 19.25 30.62 20.62 23.25 21.74
19.04 27.38 20.16 24.80 27.65 28.93 29.30 22.85 21.95 31.12 22.09 23.73 21.85
Operating Profit -1.24 0.23 -0.24 0.40 0.87 1.17 -1.31 -1.62 -2.70 -0.50 -1.47 -0.48 -0.11
OPM % -6.97% 0.83% -1.20% 1.59% 3.05% 3.89% -4.68% -7.63% -14.03% -1.63% -7.13% -2.06% -0.51%
25.17 0.84 0.66 1.04 0.52 0.41 1.40 0.48 0.54 1.26 1.52 0.94 1.85
Interest 0.12 0.02 0.03 0.03 0.02 0.07 0.07 0.09 0.18 0.10 0.15 0.18 0.09
Depreciation 1.37 1.35 1.45 1.39 1.20 1.32 1.18 0.99 0.78 0.96 0.52 0.49 0.47
Profit before tax 22.44 -0.30 -1.06 0.02 0.17 0.19 -1.16 -2.22 -3.12 -0.30 -0.62 -0.21 1.18
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 1,368.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
22.44 -0.30 -1.06 0.03 0.17 -2.41 -1.16 -2.21 -3.13 -0.30 -0.61 -0.21 1.18
EPS in Rs 134.82 -1.80 -6.37 0.18 1.02 -14.48 -6.97 -13.28 -18.80 -1.80 -3.66 -1.26 7.09
Raw PDF

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
102.72 106.44 146.67 153.78 159.26 155.19 156.57 162.44 141.08 65.25 103.74 99.09 96.23
103.03 98.29 136.59 150.12 151.90 155.54 155.97 166.19 142.42 68.66 101.54 105.23 98.79
Operating Profit -0.31 8.15 10.08 3.66 7.36 -0.35 0.60 -3.75 -1.34 -3.41 2.20 -6.14 -2.56
OPM % -0.30% 7.66% 6.87% 2.38% 4.62% -0.23% 0.38% -2.31% -0.95% -5.23% 2.12% -6.20% -2.66%
3.31 2.05 1.74 1.52 5.70 1.99 2.28 2.48 2.29 26.33 2.64 3.68 5.57
Interest 0.07 0.07 0.14 1.95 3.31 2.67 2.32 1.98 1.20 0.85 0.15 0.43 0.52
Depreciation 4.12 4.72 6.50 10.11 11.82 12.43 11.18 8.58 5.88 4.93 5.35 3.91 2.44
Profit before tax -1.19 5.41 5.18 -6.88 -2.07 -13.46 -10.62 -11.83 -6.13 17.14 -0.66 -6.80 0.05
Tax % 0.00% 22.92% 23.75% 0.00% -9.18% 0.74% 0.28% 0.17% 0.16% 0.00% -393.94% 0.00%
-1.19 4.17 3.95 -6.89 -2.25 -13.36 -10.59 -11.81 -6.11 17.14 -3.26 -6.80 0.06
EPS in Rs -7.15 25.05 23.73 -41.39 -13.52 -80.26 -63.62 -70.95 -36.71 102.97 -19.59 -40.85 0.37
Dividend Payout % -69.75% 29.86% 42.03% -9.64% -33.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -1%
5 Years: -9%
3 Years: -11%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: -18%
TTM: 101%
Stock Price CAGR
10 Years: -4%
5 Years: 0%
3 Years: 0%
1 Year: 23%
Return on Equity
10 Years: -9%
5 Years: -11%
3 Years: -6%
Last Year: -17%

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 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66 1.66
Reserves 90.58 93.30 93.38 85.11 81.95 68.58 57.81 46.08 40.08 57.10 53.94 47.18 46.38
0.90 0.00 0.00 30.54 26.80 22.14 16.95 12.18 9.09 0.00 2.35 1.95 1.73
16.26 15.77 21.84 24.68 26.68 30.62 36.40 36.79 38.32 23.07 25.88 25.06 27.06
Total Liabilities 109.40 110.73 116.88 141.99 137.09 123.00 112.82 96.71 89.15 81.83 83.83 75.85 76.83
44.02 50.61 52.60 72.61 64.11 58.47 47.23 30.41 26.62 22.48 20.35 16.86 16.12
CWIP 8.16 0.66 0.47 2.65 4.26 0.02 0.01 0.00 0.60 0.00 0.05 0.30 0.32
Investments 1.10 5.88 0.81 3.33 3.36 0.62 0.67 0.01 0.01 5.67 12.74 11.34 14.21
56.12 53.58 63.00 63.40 65.36 63.89 64.91 66.29 61.92 53.68 50.69 47.35 46.18
Total Assets 109.40 110.73 116.88 141.99 137.09 123.00 112.82 96.71 89.15 81.83 83.83 75.85 76.83

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
2.18 13.55 -1.88 6.16 10.03 5.14 7.32 5.83 3.24 2.90 1.69 -4.41
-12.92 -6.50 4.26 -33.91 -1.01 1.48 0.15 0.96 0.89 9.27 2.16 2.91
-2.25 -8.17 -1.57 26.88 -7.84 -7.71 -7.45 -6.83 -4.51 -9.94 -0.17 -0.60
Net Cash Flow -12.99 -1.12 0.81 -0.88 1.18 -1.08 0.02 -0.05 -0.38 2.23 3.68 -2.10

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 56.25 56.27 54.67 63.80 59.59 67.52 71.36 68.96 73.06 76.86 43.70 46.96
Inventory Days 102.20 104.11 109.59 90.19 103.87 79.45 78.47 71.06 82.90 149.68 127.73 87.22
Days Payable 33.18 23.71 35.62 40.40 44.00 49.01 69.90 71.22 86.33 105.43 63.87 58.09
Cash Conversion Cycle 125.27 136.67 128.64 113.59 119.46 97.97 79.93 68.80 69.62 121.10 107.56 76.09
Working Capital Days 134.14 130.17 97.73 81.41 74.58 69.90 58.26 64.96 69.70 111.09 76.56 73.52
ROCE % -2.68% 5.55% 5.03% -5.08% -1.07% -10.02% -9.81% -14.76% -8.92% 8.01% -3.12% -15.45%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.65% 60.65% 60.65% 60.65% 60.65% 60.64% 60.64% 60.64% 60.64% 60.47% 60.47% 60.47%
0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12%
39.23% 39.23% 39.23% 39.23% 39.23% 39.24% 39.23% 39.24% 39.24% 39.41% 39.40% 39.40%
No. of Shareholders 6,3386,2916,2806,1456,0395,9985,9435,8735,7505,7125,6415,442

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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