Hindustan Construction Company Ltd

Hindustan Construction Company Ltd

₹ 49.2 -1.50%
21 Jun - close price
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]

  • Market Cap 8,262 Cr.
  • Current Price 49.2
  • High / Low 51.9 / 17.8
  • Stock P/E
  • Book Value -1.00
  • Dividend Yield 0.00 %
  • ROCE 21.6 %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -7.85% over past five years.
  • Promoter holding is low: 18.6%
  • Promoters have pledged 76.8% of their holding.
  • Earnings include an other income of Rs.974 Cr.
  • Debtor days have increased from 89.0 to 115 days.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,354 2,454 2,776 2,580 2,921 2,229 2,257 1,358 3,094 1,927 1,833 1,474 1,773
2,256 2,296 2,452 2,211 2,538 2,203 1,916 1,502 2,779 1,630 1,579 1,236 1,891
Operating Profit 99 158 324 369 383 26 341 -144 315 296 254 239 -118
OPM % 4% 6% 12% 14% 13% 1% 15% -11% 10% 15% 14% 16% -7%
388 280 158 16 11 16 250 74 171 30 35 199 710
Interest 330 248 252 263 294 263 248 236 266 246 256 146 165
Depreciation 33 36 33 34 53 32 32 32 32 29 28 30 18
Profit before tax 124 155 197 87 47 -253 312 -338 187 51 5 261 410
Tax % -27% -16% 29% 26% 66% -10% -2% 24% -1% -4% 161% 30% 40%
157 180 139 64 16 -279 319 -258 190 53 -3 182 246
EPS in Rs 0.94 1.07 0.83 0.38 0.09 -1.66 1.90 -1.54 1.13 0.31 -0.02 1.09 1.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8,510 9,668 10,353 8,540 9,867 10,132 10,544 9,444 8,248 10,668 9,857 7,007
8,129 8,830 9,108 7,500 9,103 9,401 9,763 8,600 7,857 9,480 9,280 6,336
Operating Profit 381 838 1,244 1,040 764 731 781 844 391 1,188 577 671
OPM % 4% 9% 12% 12% 8% 7% 7% 9% 5% 11% 6% 10%
207 159 164 126 -37 -105 -452 487 -122 615 474 974
Interest 900 1,091 1,280 1,220 1,543 1,525 808 817 1,001 1,036 1,012 813
Depreciation 314 307 327 250 206 201 177 152 136 138 129 105
Profit before tax -627 -401 -199 -304 -1,022 -1,100 -657 362 -867 628 -90 726
Tax % 14% 4% -14% -76% 4% 1% 92% 46% 30% 10% 69% 34%
-529 -364 -208 -537 -983 -1,090 -50 197 -610 563 -28 478
EPS in Rs -4.81 -2.76 -1.49 -3.49 -4.53 -4.86 -0.30 1.17 -3.63 3.35 -0.17 2.85
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -8%
3 Years: -5%
TTM: -29%
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: 21%
TTM: 83%
Stock Price CAGR
10 Years: 3%
5 Years: 33%
3 Years: 55%
1 Year: 158%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 61 61 65 78 101 102 151 151 151 151 151 151
Reserves 455 480 459 -560 -369 -1,170 -1,151 -910 -1,469 -810 -866 -320
Preference Capital 0 0 0 0 0 562 0 0 0 0 0
9,969 11,150 11,880 9,495 9,780 8,894 4,108 4,253 4,777 2,018 5,512 2,223
4,727 6,111 6,606 6,718 7,557 8,760 7,802 8,707 9,322 12,835 8,383 7,005
Total Liabilities 15,211 17,801 19,010 15,730 17,069 16,586 10,910 12,200 12,781 14,194 13,180 9,059
3,256 3,233 4,494 1,865 1,713 1,729 575 771 866 723 623 449
CWIP 2,717 3,645 3,135 1,696 1,890 1,714 169 178 2 1 0 1
Investments 156 159 273 601 476 417 181 356 418 59 79 246
9,082 10,763 11,108 11,568 12,990 12,726 9,985 10,895 11,496 13,411 12,477 8,364
Total Assets 15,211 17,801 19,010 15,730 17,069 16,586 10,910 12,200 12,781 14,194 13,180 9,059

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
632 740 702 87 48 1,441 183 538 348 947 17 91
-996 -1,270 -843 180 -59 71 -5 -18 -83 -208 447 825
482 470 -181 -397 46 -1,336 -312 -514 101 -660 -603 -810
Net Cash Flow 118 -60 -322 -131 34 176 -133 5 366 79 -139 106

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 28 26 25 85 89 123 73 199 72 81 115
Inventory Days 1,208 2,007 2,442 876 1,093 813 283 201 183
Days Payable 425 656 1,248 1,073 1,451 1,185 1,229 1,301 1,035
Cash Conversion Cycle 812 1,379 1,220 -172 -273 -282 -824 -1,027 199 72 81 -738
Working Capital Days 76 33 16 34 23 -109 -3 -71 68 -18 -3 45
ROCE % 2% 6% 8% 7% 6% 7% 12% 29% 11% 50% 17%

Shareholding Pattern

Numbers in percentages

12 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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