Hindustan Construction Company Ltd

About [ edit ]

Hindustan Construction Company is principally engaged in the business of providing engineering and construction services.

  • Market Cap 1,165 Cr.
  • Current Price 7.70
  • High / Low 11.0 / 4.20
  • Stock P/E
  • Book Value -10.8
  • Dividend Yield 0.00 %
  • ROCE 30.2 %
  • ROE %
  • Face Value 1.00

Pros

  • Debtor days have improved from 94.98 to 73.39 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.84% over past five years.
  • Promoter holding is low: 34.71%
  • Contingent liabilities of Rs.6517.34 Cr.
  • Promoters have pledged 92.14% of their holding.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,316 2,434 2,736 2,387 2,798 1,952 2,353 2,335 1,676 1,810 2,406
2,179 2,176 2,525 2,529 2,497 2,003 2,117 2,098 1,752 2,054 2,023
Operating Profit 137 258 211 -142 302 -51 236 236 -77 -243 382
OPM % 6% 11% 8% -6% 11% -3% 10% 10% -5% -13% 16%
Other Income 6 154 12 -624 17 15 342 234 -228 -64 12
Interest 180 228 159 241 189 202 189 237 222 214 234
Depreciation 43 44 42 48 41 41 38 31 31 36 36
Profit before tax -80 139 23 -1,055 88 -278 351 203 -559 -557 124
Tax % 17% -241% 44% 16% -14% -43% 36% -54% 27% 14% 5%
Net Profit -66 474 13 -883 100 -398 223 311 -409 -477 119
EPS in Rs -0.44 3.13 0.08 -5.84 0.66 -2.63 1.48 2.06 -2.70 -3.15 0.78

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,560 3,975 7,156 8,158 8,510 9,668 10,353 8,540 9,867 10,132 10,544 9,437 8,226
3,036 3,409 6,564 7,755 8,052 8,830 9,113 7,601 9,118 9,401 9,924 8,710 7,928
Operating Profit 524 566 592 403 458 838 1,240 939 749 731 620 727 299
OPM % 15% 14% 8% 5% 5% 9% 12% 11% 8% 7% 6% 8% 4%
Other Income 22 7 195 -65 130 159 168 227 -22 -105 -291 604 -46
Interest 272 309 528 833 900 1,091 1,280 1,220 1,543 1,525 808 817 908
Depreciation 126 140 216 262 314 307 327 250 206 201 177 152 134
Profit before tax 149 124 43 -757 -627 -401 -199 -304 -1,022 -1,100 -657 362 -789
Tax % 33% 99% 241% 21% 14% 4% -14% -76% 4% 1% 92% 46%
Net Profit 59 6 -65 -530 -482 -277 -159 -450 -758 -816 -50 197 -456
EPS in Rs 0.78 0.06 -0.72 -5.87 -5.34 -3.07 -1.66 -3.87 -5.03 -5.39 -0.33 1.30 -3.01
Dividend Payout % 35% 418% -38% -0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:9%
5 Years:-2%
3 Years:-1%
TTM:-13%
Compounded Profit Growth
10 Years:29%
5 Years:19%
3 Years:28%
TTM:96%
Stock Price CAGR
10 Years:-13%
5 Years:-15%
3 Years:-22%
1 Year:66%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
26 30 61 61 61 61 65 78 101 664 151 151 151
Reserves 831 1,277 1,133 700 455 480 459 -560 -369 -1,170 -1,151 -910 -1,789
Borrowings 4,054 5,367 7,356 8,764 9,969 11,150 11,880 9,495 9,780 8,894 4,108 3,974 3,309
2,735 3,357 4,770 4,949 4,727 6,111 6,606 6,718 7,557 8,760 7,802 8,953 10,530
Total Liabilities 7,645 10,031 13,320 14,473 15,211 17,801 19,010 15,730 17,069 16,586 10,910 12,168 12,201
1,781 2,840 3,347 3,232 3,256 3,233 4,494 1,865 1,713 1,729 575 771 906
CWIP 1,094 1,020 1,282 2,041 2,717 3,645 3,135 1,696 1,890 1,714 169 178 10
Investments 95 306 219 202 156 159 273 601 476 417 181 356 131
4,674 5,866 8,472 8,998 9,082 10,763 11,108 11,568 12,990 12,726 9,985 10,862 11,154
Total Assets 7,645 10,031 13,320 14,473 15,211 17,801 19,010 15,730 17,069 16,586 10,910 12,168 12,201

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
570 -75 -288 -8 632 740 702 87 48 1,441 183 538
-1,652 -1,329 -713 -542 -996 -1,270 -843 180 -59 71 -5 -18
962 1,485 1,375 844 482 470 -181 -397 46 -1,336 -312 -514
Net Cash Flow -120 80 374 294 118 -60 -322 -131 34 176 -133 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 10% 8% 6% 3% 2% 6% 8% 7% 6% 7% 12% 30%
Debtor Days 11 23 33 31 29 28 26 25 85 89 123 73
Inventory Turnover 0.07 0.06 0.81 0.32 0.33 0.26 0.15 0.22 0.35 0.44 -0.00 0.29

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
27.67 27.70 33.12 34.86 34.86 34.90 34.73 34.71 34.71 34.71 34.71 34.71
5.45 5.45 12.68 12.83 12.62 12.56 12.61 12.67 11.61 11.79 11.32 11.21
32.65 31.22 23.33 23.30 23.17 22.83 20.83 20.79 20.22 19.33 18.96 18.95
34.23 35.63 30.87 29.01 29.35 29.71 31.82 31.83 33.46 34.17 35.00 35.13

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