Hindustan Tin Works Ltd

About

Hindustan Tin Works is engaged in the Business of manufacturing of Tin Can, Printed/Lacquered Sheets, Components and Trading in Tln Plates.

  • Market Cap 43.6 Cr.
  • Current Price 42.0
  • High / Low 56.0 / 23.0
  • Stock P/E 6.49
  • Book Value 145
  • Dividend Yield 1.43 %
  • ROCE 7.29 %
  • ROE 5.16 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.29 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -1.29% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.59% for last 3 years.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
73.68 77.56 77.76 90.89 88.50 76.35 80.61 84.85 80.83 67.22 64.79 52.57
66.44 68.38 77.75 83.87 81.31 69.75 75.73 79.52 73.78 62.74 61.25 48.55
Operating Profit 7.24 9.18 0.01 7.02 7.19 6.60 4.88 5.33 7.05 4.48 3.54 4.02
OPM % 9.83% 11.84% 0.01% 7.72% 8.12% 8.64% 6.05% 6.28% 8.72% 6.66% 5.46% 7.65%
Other Income 0.70 3.57 6.16 1.41 1.46 1.14 1.45 1.50 1.94 1.55 0.13 0.77
Interest 2.76 2.38 2.48 2.99 2.64 2.74 2.45 2.62 2.72 2.11 2.15 2.15
Depreciation 1.98 2.01 2.01 1.89 1.92 1.93 1.90 1.95 2.13 2.16 2.33 2.10
Profit before tax 3.20 8.36 1.68 3.55 4.09 3.07 1.98 2.26 4.14 1.76 -0.81 0.54
Tax % 38.12% 38.28% 35.71% 34.65% 43.28% 40.07% 28.79% 42.04% -2.17% -0.57% 137.04% 24.07%
Net Profit 1.99 5.16 1.08 2.34 2.31 1.84 1.40 1.32 4.23 1.77 0.30 0.42
EPS in Rs 1.91 4.96 1.04 2.25 2.22 1.77 1.35 1.27 4.07 1.70 0.29 0.40
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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
243 285 295 246 272 313 317 297 265 316 336 298 265
222 259 266 227 250 287 291 273 242 293 310 277 246
Operating Profit 20 26 29 19 23 26 26 24 23 22 26 20 19
OPM % 8% 9% 10% 8% 8% 8% 8% 8% 9% 7% 8% 7% 7%
Other Income 3 3 2 3 3 2 5 12 4 11 5 5 4
Interest 10 8 9 9 10 10 10 9 9 10 11 10 9
Depreciation 3 4 4 4 4 5 7 8 8 8 8 9 9
Profit before tax 11 18 17 8 11 13 13 19 10 16 13 7 6
Tax % 40% 35% 34% 32% 33% 38% 35% 26% 32% 38% 38% -4%
Net Profit 7 11 11 6 7 8 9 14 7 10 8 8 7
EPS in Rs 6.43 11.01 10.85 5.47 7.07 8.09 8.23 13.48 6.76 9.27 7.59 7.32 6.46
Dividend Payout % 26% 17% 13% 13% 7% 10% 12% 7% 15% 11% 13% 8%
Compounded Sales Growth
10 Years:0%
5 Years:-1%
3 Years:4%
TTM:-20%
Compounded Profit Growth
10 Years:-4%
5 Years:-2%
3 Years:2%
TTM:-2%
Stock Price CAGR
10 Years:-8%
5 Years:-6%
3 Years:-23%
1 Year:-23%
Return on Equity
10 Years:7%
5 Years:6%
3 Years:6%
Last Year:5%

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
10 10 10 10 10 10 10 10 10 10 10 10
Reserves 56 65 75 79 86 94 99 112 119 127 134 140
Borrowings 66 68 69 61 70 84 104 105 80 111 102 68
49 72 66 52 46 54 56 41 50 48 32 45
Total Liabilities 182 216 220 202 212 243 269 268 259 297 278 263
40 50 59 62 63 68 71 85 82 79 78 81
CWIP 8 6 3 1 3 6 7 1 0 2 7 2
Investments 3 3 3 3 3 3 3 0 0 12 12 12
130 155 154 136 142 165 188 182 176 204 182 169
Total Assets 182 216 220 202 212 243 269 268 259 297 278 263

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
20 25 16 21 6 22 5 13 35 -6 29 50
-15 -12 -8 -3 -4 -10 -11 0 -3 -14 -7 -5
-4 -8 -11 -19 -2 -6 8 -12 -37 20 -21 -46
Net Cash Flow 0 5 -3 -1 -1 6 2 1 -6 0 0 -1

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 % 17% 19% 18% 11% 13% 13% 12% 9% 9% 10% 9% 7%
Debtor Days 97 93 87 86 105 106 118 124 126 119 110 128
Inventory Turnover 7.06 5.54 4.68 4.06 5.29 6.35 5.45 5.08 4.37 4.40 4.82 5.35

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
40.46 40.46 40.46 40.46 40.47 40.40 40.20 40.15 40.01 40.32 40.22 40.41
9.83 9.83 9.83 9.83 9.83 9.83 9.83 9.83 9.84 9.83 9.83 9.83
49.71 49.71 49.71 49.71 49.71 49.77 49.97 50.02 50.14 49.85 49.96 49.77

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