Hindustan Composites Ltd

Hindustan Composites Ltd

₹ 462 -1.94%
08 May - close price
About

Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]

Key Points

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.

  • Market Cap 683 Cr.
  • Current Price 462
  • High / Low 550 / 346
  • Stock P/E 20.7
  • Book Value 777
  • Dividend Yield 0.43 %
  • ROCE 3.93 %
  • ROE 2.96 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value

Cons

  • Company has a low return on equity of 3.64% over last 3 years.
  • Dividend payout has been low at 13.6% of profits over last 3 years
  • Working capital days have increased from 45.1 days to 74.4 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
78 76 72 72 79 77 77 82 89 87 89 95 105
65 61 58 61 66 64 64 66 73 73 78 80 89
Operating Profit 13 15 14 11 12 14 13 16 16 14 11 15 16
OPM % 16% 19% 19% 15% 16% 18% 17% 20% 18% 16% 12% 16% 16%
0 0 1 0 0 0 0 0 -4 0 0 -3 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 3 2 3 3 3 3 3 3 3 3
Profit before tax 11 12 12 8 10 11 10 14 10 11 8 9 14
Tax % 12% 18% 16% 24% 20% 22% 11% 19% 37% 31% 30% 25% 13%
10 10 10 6 8 9 9 11 6 7 5 7 12
EPS in Rs 6.43 6.80 6.73 4.37 5.40 5.87 6.29 7.43 4.11 5.05 3.58 4.52 7.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
143 153 166 199 197 178 185 233 283 298 325 375
107 123 127 162 172 158 155 195 239 243 263 320
Operating Profit 36 30 39 37 25 20 30 37 44 55 62 55
OPM % 25% 20% 23% 18% 13% 11% 16% 16% 16% 18% 19% 15%
0 0 1 0 2 0 4 -4 -2 -2 -7 -2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 8 9 9 10 9 9 9 10 10 12
Profit before tax 30 24 32 28 18 10 25 25 33 43 45 41
Tax % 13% 13% 22% 10% -4% -17% 15% 13% 16% 19% 22% 24%
26 21 25 25 19 12 21 22 27 34 35 31
EPS in Rs 17.43 14.00 16.82 17.18 12.86 8.15 14.21 14.63 18.60 23.30 23.70 21.06
Dividend Payout % 2% 2% 2% 3% 16% 25% 14% 14% 11% 9% 8% 24%
Compounded Sales Growth
10 Years: 9%
5 Years: 15%
3 Years: 10%
TTM: 15%
Compounded Profit Growth
10 Years: 5%
5 Years: 13%
3 Years: 4%
TTM: -24%
Stock Price CAGR
10 Years: 3%
5 Years: 10%
3 Years: 16%
1 Year: 11%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 5 5 7 7 7 7 7 7 7 7 7
Reserves 544 630 688 733 755 764 812 912 916 981 1,079 1,140
6 5 5 5 4 6 0 0 1 0 0 2
29 62 83 88 89 84 103 83 76 92 110 116
Total Liabilities 584 702 781 833 856 861 923 1,003 1,000 1,081 1,196 1,265
115 120 124 122 125 122 116 113 111 138 134 151
CWIP 0 0 0 0 0 0 0 0 0 0 4 0
Investments 386 473 541 613 617 625 687 796 807 872 962 1,006
83 109 116 98 113 113 120 94 82 72 96 108
Total Assets 584 702 781 833 856 861 923 1,003 1,000 1,081 1,196 1,265

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
11 8 11 53 5 4 9 22 16 40 30 21
-8 -6 -9 -54 -3 3 0 -13 -21 -35 -18 -30
-3 -1 -1 -1 -3 -1 -9 -3 -2 -4 -3 -4
Net Cash Flow 1 1 1 -2 -1 6 1 7 -8 1 9 -12
Free Cash Flow 4 -3 0 46 -7 -2 13 16 10 4 24 -1
CFO/OP 40% 51% 42% 159% 30% 27% 46% 77% 54% 87% 67% 62%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 59 63 59 63 63 70 83 59 51 46 58 62
Inventory Days 44 51 58 53 54 66 59 48 38 41 30 43
Days Payable 75 101 166 164 154 166 198 151 110 128 133 106
Cash Conversion Cycle 28 14 -49 -48 -36 -31 -55 -44 -21 -42 -45 -1
Working Capital Days 103 78 107 99 98 98 142 38 41 25 36 74
ROCE % 5% 4% 5% 4% 2% 1% 3% 3% 4% 5% 5% 4%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
Nos

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Installed Production Capacity
Million Units per Annum
Solar Power Capacity
MW
Capacity Utilization
%
Installed Production Capacity
Units per Month

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97%
0.00% 0.04% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.00% 24.97% 24.98% 25.01% 25.00% 25.01% 25.00% 25.00% 25.01% 25.02% 25.02% 25.02%
No. of Shareholders 14,97515,32915,48315,40615,57316,17315,37815,34115,20715,15414,83814,690

* 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.

Click on the line-items to see the names of individual entities.

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