Hind Aluminium Industries Ltd

Hind Aluminium Industries Ltd

₹ 56.5 1.99%
23 Apr 4:01 p.m.
About

Incorporated in 1993, Hind Aluminum Industries Limited is engaged in manufacturing of Wire Rods & Conductors. Company is also in business of mining & power generation.

Key Points

Product Portfolio:[1]
a) Alloy Wire Rods[2]
b) EC Wire Rods[3]
c) Flipped Wire Rods [4]
d) Aluminum Conductors [5]
e) Wind Power [6]
f) Solar Power [7]

  • Market Cap 35.6 Cr.
  • Current Price 56.5
  • High / Low 71.9 / 31.0
  • Stock P/E
  • Book Value 97.7
  • Dividend Yield 0.00 %
  • ROCE -6.12 %
  • ROE -8.38 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -67.5% over past five years.
  • Company has a low return on equity of -9.92% over last 3 years.
  • Contingent liabilities of Rs.14.8 Cr.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 984 days to 2,305 days

* 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.

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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
13.67 8.62 12.86 8.00 1.49 1.23 1.00 0.80 0.25 0.33 0.38 0.48 0.14
15.09 9.89 11.84 5.66 2.13 2.66 2.47 1.13 0.60 14.53 0.58 13.77 0.49
Operating Profit -1.42 -1.27 1.02 2.34 -0.64 -1.43 -1.47 -0.33 -0.35 -14.20 -0.20 -13.29 -0.35
OPM % -10.39% -14.73% 7.93% 29.25% -42.95% -116.26% -147.00% -41.25% -140.00% -4,303.03% -52.63% -2,768.75% -250.00%
0.01 -0.35 0.45 -0.11 0.61 0.81 5.84 3.68 2.19 1.29 4.72 10.23 5.86
Interest 1.76 1.34 0.72 0.96 0.19 2.12 0.30 0.11 0.11 0.09 0.01 0.01 0.03
Depreciation 0.60 0.58 0.58 0.58 0.25 0.22 0.25 0.24 0.25 0.23 0.21 0.16 0.08
Profit before tax -3.77 -3.54 0.17 0.69 -0.47 -2.96 3.82 3.00 1.48 -13.23 4.30 -3.23 5.40
Tax % 27.32% 19.77% 17.65% 28.99% 238.30% 30.74% 31.68% 33.00% 33.11% 19.50% 31.40% 130.65% 30.00%
-2.74 -2.84 0.14 0.49 0.65 -2.05 2.61 2.01 0.99 -10.65 2.95 0.99 3.78
EPS in Rs -4.35 -4.51 0.22 0.78 1.03 -3.25 4.14 3.19 1.57 -16.90 4.68 1.57 6.00
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
407.29 433.03 441.77 441.45 720.82 498.17 660.21 541.53 388.84 85.31 23.58 2.38 1.33
394.09 418.17 427.32 425.75 695.83 480.15 636.89 527.19 388.63 95.53 22.28 18.73 29.37
Operating Profit 13.20 14.86 14.45 15.70 24.99 18.02 23.32 14.34 0.21 -10.22 1.30 -16.35 -28.04
OPM % 3.24% 3.43% 3.27% 3.56% 3.47% 3.62% 3.53% 2.65% 0.05% -11.98% 5.51% -686.97% -2,108.27%
3.29 4.65 3.13 2.91 2.28 1.20 3.61 6.00 5.31 3.30 1.76 13.00 22.10
Interest 5.35 7.75 6.11 5.44 10.46 7.65 12.91 12.57 10.69 8.32 4.00 0.61 0.14
Depreciation 2.93 3.06 3.51 3.15 3.30 3.01 3.01 3.01 2.80 2.39 1.63 0.97 0.68
Profit before tax 8.21 8.70 7.96 10.02 13.51 8.56 11.01 4.76 -7.97 -17.63 -2.57 -4.93 -6.76
Tax % 19.61% 26.44% 26.38% 27.25% 33.31% 24.53% 28.52% 21.01% 40.03% 24.39% 70.04% -2.23%
6.60 6.40 5.86 7.28 9.01 6.47 7.87 3.76 -4.77 -13.32 -0.77 -5.04 -2.93
EPS in Rs 10.48 10.16 9.30 11.56 14.30 10.27 12.49 5.97 -7.57 -21.14 -1.22 -8.00 -4.65
Dividend Payout % 14.32% 14.77% 16.13% 12.98% 11.19% 15.58% 12.81% 8.38% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -41%
5 Years: -68%
3 Years: -82%
TTM: -59%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: -182%
Stock Price CAGR
10 Years: 3%
5 Years: -5%
3 Years: 16%
1 Year: 42%
Return on Equity
10 Years: 2%
5 Years: -6%
3 Years: -10%
Last Year: -8%

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 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30
Reserves 41.07 46.36 51.12 56.97 64.76 71.01 77.67 75.95 69.77 56.97 56.35 51.31 55.27
70.22 53.87 42.70 81.38 82.27 78.54 124.76 78.38 97.43 31.00 18.77 2.04 0.27
23.61 35.58 43.79 64.42 77.17 51.84 50.71 32.37 14.05 8.49 1.61 0.60 0.66
Total Liabilities 141.20 142.11 143.91 209.07 230.50 207.69 259.44 193.00 187.55 102.76 83.03 60.25 62.50
21.48 18.87 24.25 22.30 26.83 24.06 21.18 18.52 16.21 13.73 12.19 9.58 5.26
CWIP 0.00 3.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 3.01 7.69 11.22 11.32 11.37 13.52 13.56 13.85 14.92 17.06 13.48 11.86 26.26
116.71 112.34 108.44 175.45 192.30 170.11 224.70 160.63 156.42 71.97 57.36 38.81 30.98
Total Assets 141.20 142.11 143.91 209.07 230.50 207.69 259.44 193.00 187.55 102.76 83.03 60.25 62.50

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
6.66 13.45 15.81 -30.00 19.24 24.69 -39.15 61.87 17.17 66.67 11.60 2.39
-2.21 -3.43 -8.02 -6.23 -13.13 -14.14 7.53 -2.51 -16.74 -0.33 4.25 15.91
7.06 -17.50 -13.13 36.27 -6.44 -15.93 32.11 -60.17 9.15 -75.93 -16.22 -17.34
Net Cash Flow 11.51 -7.48 -5.34 0.03 -0.33 -5.37 0.48 -0.81 9.59 -9.59 -0.38 0.96

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 63.30 55.38 58.91 83.61 63.81 66.76 88.05 55.81 66.69 70.42 160.06 108.89
Inventory Days 13.69 18.30 14.40 37.20 21.24 30.62 19.80 35.10 31.13 46.83 92.16
Days Payable 14.09 22.62 27.17 47.71 31.47 29.22 24.30 18.34 4.70 1.64 0.00
Cash Conversion Cycle 62.90 51.06 46.14 73.10 53.58 68.17 83.55 72.57 93.12 115.62 252.21 108.89
Working Capital Days 60.36 47.70 41.33 77.03 46.99 78.40 86.73 73.78 89.37 168.57 478.93 2,305.02
ROCE % 12.30% 14.68% 13.62% 12.63% 16.09% 10.49% 13.12% 9.38% 1.63% -6.95% 1.63%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.12% 62.12% 62.12% 62.12% 62.12% 62.12% 62.12% 62.12% 62.12% 66.47% 66.47% 66.47%
37.88% 37.88% 37.88% 37.88% 37.88% 37.88% 37.88% 37.87% 37.87% 33.52% 33.52% 33.53%
No. of Shareholders 4,2284,5154,6195,1055,4815,3695,3335,3695,3175,4566,0365,823

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