Hindustan Composites Ltd
Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]
- Market Cap ₹ 680 Cr.
- Current Price ₹ 462
- High / Low ₹ 648 / 402
- Stock P/E 15.8
- Book Value ₹ 736
- Dividend Yield 0.43 %
- ROCE 5.33 %
- ROE 4.17 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
- Company has delivered good profit growth of 29.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 3.77% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
107 | 143 | 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 298 | 325 | 335 | |
110 | 107 | 123 | 127 | 162 | 172 | 158 | 155 | 195 | 239 | 243 | 263 | 276 | |
Operating Profit | -3 | 36 | 30 | 39 | 37 | 25 | 20 | 30 | 37 | 44 | 55 | 62 | 59 |
OPM % | -3% | 25% | 20% | 23% | 18% | 13% | 11% | 16% | 16% | 16% | 18% | 19% | 18% |
33 | 0 | 0 | 1 | 0 | 2 | 0 | 4 | -4 | -2 | -2 | -7 | -4 | |
Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 7 | 6 | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 10 | 10 | 11 |
Profit before tax | 22 | 30 | 24 | 32 | 28 | 18 | 10 | 25 | 25 | 33 | 43 | 45 | 44 |
Tax % | 20% | 13% | 13% | 22% | 10% | -4% | -17% | 15% | 13% | 16% | 19% | 22% | |
17 | 26 | 21 | 25 | 25 | 19 | 12 | 21 | 22 | 27 | 34 | 35 | 34 | |
EPS in Rs | 11.62 | 17.43 | 14.00 | 16.82 | 17.18 | 12.86 | 8.15 | 14.21 | 14.63 | 18.60 | 23.30 | 23.70 | 22.88 |
Dividend Payout % | 6% | 2% | 2% | 2% | 3% | 16% | 25% | 14% | 14% | 11% | 9% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 12% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 29% |
3 Years: | 20% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 20% |
3 Years: | 14% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 519 | 544 | 630 | 688 | 733 | 755 | 764 | 812 | 912 | 916 | 981 | 1,079 |
7 | 6 | 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 0 | 0 | |
31 | 29 | 62 | 83 | 88 | 89 | 84 | 103 | 83 | 76 | 92 | 110 | |
Total Liabilities | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,081 | 1,196 |
114 | 115 | 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 138 | 134 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
Investments | 363 | 386 | 473 | 541 | 613 | 617 | 625 | 687 | 796 | 807 | 872 | 962 |
85 | 83 | 109 | 116 | 98 | 113 | 113 | 120 | 94 | 82 | 72 | 96 | |
Total Assets | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,081 | 1,196 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4 | 11 | 8 | 11 | 53 | 5 | 4 | 9 | 22 | 16 | 40 | 30 | |
-1 | -8 | -6 | -9 | -54 | -3 | 3 | 0 | -13 | -21 | -35 | -18 | |
-3 | -3 | -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | -4 | -3 | |
Net Cash Flow | -0 | 1 | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 | 1 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 91 | 59 | 63 | 59 | 63 | 63 | 70 | 83 | 59 | 51 | 46 | 58 |
Inventory Days | 54 | 44 | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 | 41 | 30 |
Days Payable | 85 | 75 | 101 | 166 | 164 | 154 | 166 | 198 | 151 | 110 | 128 | 133 |
Cash Conversion Cycle | 60 | 28 | 14 | -49 | -48 | -36 | -31 | -55 | -44 | -21 | -42 | -45 |
Working Capital Days | 124 | 103 | 78 | 107 | 99 | 98 | 98 | 142 | 38 | 41 | 25 | 36 |
ROCE % | 4% | 5% | 4% | 5% | 4% | 2% | 1% | 3% | 3% | 4% | 5% | 5% |
Documents
Announcements
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Intimation Of Record Date - Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015.
2 Sep - Record date 18 September 2025 for dividend eligibility for FY2024-25, subject to 61st AGM declaration.
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Letter To The Members Of The Company - Reg 30 Of SEBI (LODR) Regulations, 2015
30 Aug - AGM on 25 Sep 2025; Annual Report link; dividend Rs.2/share (40%); e-voting 22-24 Sep.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Aug - Enclosed Newspaper Publication under Regulation 30 of SEBI Listing Regulation in respect of 61st AGM after dispatch of Notice of 61st AGM.
-
Announcement under Regulation 30 (LODR)-Credit Rating
29 Aug - Acuité reaffirmed Hindustan Composites' long-term ACUITE A (Rs16cr) and short-term ACUITE A1 (Rs9cr) ratings on 28-Aug-2025.
- Intimation Of Record Date - Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015. 29 Aug
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Business Overview:[1][2]
HCL is an ISO 9001:2015 & IATF 16949:2016 certified developer, manufacturer & marketer of Friction Materials in India comprising Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, etc. Company is also engaged in the treasury business.