Hindustan Construction Company Ltd

Hind.Construct. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Construction Company Ltd

₹ 38.2 -0.39%
25 Apr - close price
hccindia.com BSE: 500185 NSE : HCC
About

Incorporated in 1926, Hindustan Construction Company Limited (HCC) is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. [1]

Key Points

Service Offerings
HCC has executed a majority of India's landmark infrastructure projects, having constructed 26% of India's Hydro Power generation and 60% of India's Nuclear Power generation capacities, over 4,036 lane km of Expressways and Highways, more than 360 km of complex Tunnelling and 395 Bridges.[1]
It is also involved in the business of infrastructure development and real estate through subsidiaries. [2]

Website BSE NSE
  • Market Cap ₹ 6,416 Cr.
  • Current Price ₹ 38.2
  • High / Low ₹ 46.0 / 15.0
  • Stock P/E 42.6
  • Book Value ₹ 4.80
  • Dividend Yield 0.00 %
  • ROCE 30.8 %
  • ROE 4.83 %
  • Face Value ₹ 1.00
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Pros

  • Debtor days have improved from 300 to 143 days.
  • Company's working capital requirements have reduced from 111 days to 18.0 days

Cons

  • Stock is trading at 7.96 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.68% over past five years.
  • Promoter holding is low: 18.6%
  • Company has a low return on equity of -21.3% over last 3 years.
  • Promoters have pledged 76.8% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -16.1%

* 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: Construction Industry: Construction

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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
815 865 1,007 932 1,155 1,571 973 1,249 1,155 1,845 1,231 1,139 1,245
699 836 835 888 871 1,283 871 1,021 984 1,634 1,076 975 1,091
Operating Profit 116 29 172 44 284 289 102 228 171 211 155 164 154
OPM % 14% 3% 17% 5% 25% 18% 10% 18% 15% 11% 13% 14% 12%
8 81 11 52 14 3 11 242 12 19 18 42 108
Interest 213 225 225 233 247 244 243 137 138 146 135 134 134
Depreciation 23 24 24 23 23 24 20 20 19 19 18 19 19
Profit before tax -112 -139 -66 -159 28 23 -150 313 26 66 20 53 109
Tax % 30% 35% 35% -0% 2% 7% -0% 0% 2% -0% 4% 2% 37%
-79 -90 -43 -159 28 22 -151 313 25 66 19 52 69
EPS in Rs -0.47 -0.54 -0.26 -0.95 0.17 0.13 -0.90 1.86 0.15 0.39 0.11 0.31 0.41
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
3,988 3,832 4,043 4,135 4,191 4,196 4,575 4,603 3,647 2,590 4,666 5,222 5,459
3,569 3,454 3,413 3,350 3,651 3,440 3,931 4,014 3,182 2,290 3,877 4,510 4,776
Operating Profit 419 379 630 785 540 756 644 589 465 300 789 712 684
OPM % 11% 10% 16% 19% 13% 18% 14% 13% 13% 12% 17% 14% 13%
-33 135 214 144 454 239 250 -2,282 349 -221 80 285 187
Interest 543 544 608 651 702 772 660 699 746 830 949 664 548
Depreciation 162 163 145 150 152 125 123 145 109 91 94 78 74
Profit before tax -318 -194 91 127 140 97 112 -2,537 -41 -843 -173 255 248
Tax % 30% 29% 11% 36% 33% 39% 31% 24% -312% 33% 12% 1%
-222 -138 81 82 95 59 78 -1,926 -169 -566 -153 253 206
EPS in Rs -2.21 -1.37 0.80 0.76 0.74 0.36 0.46 -11.46 -1.00 -3.37 -0.91 1.51 1.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: -18%
3 Years: 28%
TTM: 1173%
Stock Price CAGR
10 Years: 8%
5 Years: 23%
3 Years: 74%
1 Year: 143%
Return on Equity
10 Years: 0%
5 Years: -6%
3 Years: -21%
Last Year: 5%

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 61 61 61 65 78 101 102 151 151 151 151 151 151
Reserves 1,234 1,102 1,187 1,323 1,725 2,589 2,673 1,202 1,027 461 317 570 655
4,457 4,628 4,817 5,011 5,035 4,397 3,725 3,300 3,373 3,953 1,346 1,957 1,912
3,063 2,738 2,870 3,228 3,175 4,117 4,605 5,925 6,378 6,207 9,456 5,708 5,783
Total Liabilities 8,814 8,529 8,935 9,626 10,014 11,204 11,105 10,578 10,929 10,772 11,270 8,386 8,501
1,124 1,010 915 785 689 595 598 418 345 480 372 300 265
CWIP 26 12 5 6 2 187 160 169 178 2 1 0 0
Investments 585 601 690 693 777 796 781 1,627 1,632 1,685 1,685 1,592 1,590
7,079 6,905 7,325 8,142 8,546 9,625 9,566 8,364 8,773 8,605 9,212 6,494 6,645
Total Assets 8,814 8,529 8,935 9,626 10,014 11,204 11,105 10,578 10,929 10,772 11,270 8,386 8,501

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
170 342 503 383 339 639 1,318 571 314 -97 645 78
-552 26 -29 -95 42 -195 -50 -244 -36 -42 -157 402
375 -442 -414 -358 -389 -437 -1,224 -317 -326 282 -478 -502
Net Cash Flow -7 -75 61 -70 -8 8 44 11 -47 142 10 -22

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 48 54 55 81 44 182 191 276 182 620 138 143
Inventory Days 1,197 1,020 1,295 1,380 63 98 61 88 101 74 62
Days Payable 324 267 481 595 524 679 616 808 941 771 671
Cash Conversion Cycle 920 808 869 866 -417 -399 -364 -444 -657 620 -558 -466
Working Capital Days 97 217 168 118 78 127 50 91 -91 354 -38 18
ROCE % 7% 6% 12% 13% 10% 13% 11% 10% 8% 5% 24% 31%

Shareholding Pattern

Numbers in percentages

14 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
34.71% 34.71% 34.71% 32.56% 25.96% 18.59% 18.59% 18.59% 18.59% 18.59% 18.59% 18.59%
11.43% 11.63% 12.15% 11.83% 12.08% 12.13% 12.29% 5.64% 5.58% 7.84% 9.19% 9.25%
16.44% 13.44% 13.44% 13.36% 13.36% 13.11% 12.45% 11.76% 9.52% 9.38% 8.19% 7.72%
37.41% 40.22% 39.70% 42.24% 48.59% 56.16% 56.66% 63.99% 66.30% 64.18% 64.02% 64.46%
No. of Shareholders 2,72,5963,17,9663,29,8883,34,4373,33,6403,45,1233,58,0313,47,6533,82,8463,95,9145,03,5384,97,594

* 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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