Hindustan Composites Ltd
Hindustan Composites Ltd is engaged in the development, manufacturing, and marketing of brake lining using asbestos industrial products and friction material. It is also engaged in the treasury business since 2010 [1]
It was incorporated in1964 and is currently led by Mr. Raghu Mody, the Promoter and Executive Chairman with over five decades of experience as an industrialist [2]
- Market Cap ₹ 626 Cr.
- Current Price ₹ 424
- High / Low ₹ 494 / 285
- Stock P/E 17.4
- Book Value ₹ 642
- Dividend Yield 0.47 %
- ROCE 3.84 %
- ROE 3.22 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.66 times its book value
- Debtor days have improved from 64.3 to 51.2 days.
- Company's working capital requirements have reduced from 74.8 days to 42.6 days
Cons
- Company has a low return on equity of 2.81% 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
115 | 93 | 107 | 143 | 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 297 | |
84 | 99 | 110 | 107 | 123 | 127 | 162 | 172 | 158 | 155 | 195 | 239 | 245 | |
Operating Profit | 30 | -6 | -3 | 36 | 30 | 39 | 37 | 25 | 20 | 30 | 37 | 44 | 52 |
OPM % | 26% | -6% | -3% | 25% | 20% | 23% | 18% | 13% | 11% | 16% | 16% | 16% | 17% |
3 | 24 | 33 | 0 | 0 | 1 | 0 | 2 | 0 | 4 | -4 | -2 | 1 | |
Interest | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 5 | 6 | 7 | 6 | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 9 |
Profit before tax | 28 | 12 | 22 | 30 | 24 | 32 | 28 | 18 | 10 | 25 | 25 | 33 | 43 |
Tax % | 24% | 16% | 20% | 13% | 13% | 22% | 10% | -4% | -17% | 15% | 13% | 16% | |
21 | 10 | 17 | 26 | 21 | 25 | 25 | 19 | 12 | 21 | 22 | 27 | 36 | |
EPS in Rs | 14.14 | 6.89 | 11.62 | 17.43 | 14.00 | 16.82 | 17.18 | 12.86 | 8.15 | 14.21 | 14.63 | 18.60 | 24.33 |
Dividend Payout % | 5% | 5% | 6% | 2% | 2% | 2% | 3% | 16% | 25% | 14% | 14% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 7% |
3 Years: | 17% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 3% |
3 Years: | 36% |
TTM: | 61% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 17% |
1 Year: | 45% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 3% |
3 Years: | 3% |
Last Year: | 3% |
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 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 493 | 503 | 519 | 544 | 630 | 688 | 733 | 755 | 764 | 812 | 912 | 916 | 941 |
7 | 8 | 7 | 6 | 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 1 | |
26 | 28 | 31 | 29 | 62 | 83 | 88 | 89 | 84 | 103 | 83 | 76 | 95 | |
Total Liabilities | 532 | 544 | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,045 |
48 | 115 | 114 | 115 | 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 130 | |
CWIP | 43 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
Investments | 282 | 341 | 363 | 386 | 473 | 541 | 613 | 617 | 625 | 687 | 796 | 807 | 835 |
158 | 87 | 85 | 83 | 109 | 116 | 98 | 113 | 113 | 120 | 94 | 82 | 77 | |
Total Assets | 532 | 544 | 562 | 584 | 702 | 781 | 833 | 856 | 861 | 923 | 1,003 | 1,000 | 1,045 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 5 | 4 | 11 | 8 | 11 | 53 | 5 | 4 | 9 | 22 | 16 | |
3 | -12 | -1 | -8 | -6 | -9 | -54 | -3 | 3 | 0 | -13 | -21 | |
-11 | -1 | -3 | -3 | -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | |
Net Cash Flow | 2 | -8 | -0 | 1 | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 |
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 | 49 | 74 | 91 | 59 | 63 | 59 | 63 | 63 | 70 | 83 | 59 | 51 |
Inventory Days | 78 | 58 | 54 | 44 | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 |
Days Payable | 60 | 83 | 85 | 75 | 101 | 166 | 164 | 154 | 166 | 198 | 151 | 110 |
Cash Conversion Cycle | 68 | 49 | 60 | 28 | 14 | -49 | -48 | -36 | -31 | -55 | -44 | -21 |
Working Capital Days | 318 | 128 | 131 | 106 | 81 | 109 | 103 | 101 | 108 | 143 | 39 | 43 |
ROCE % | 5% | 2% | 4% | 5% | 4% | 5% | 4% | 2% | 1% | 3% | 3% | 4% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Certificate Under Regulations 40(9) And 40(10) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended 31St March, 2024 13 Apr
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
5 Apr - Listing Regulations, enclosed herewith disclosure for resignation of Company Secretary and Compliance Office.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 5 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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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
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
Products & Services
The Co. manufactures fiber-based friction material and industrial thrust bearing & insulation products like Brake Lining, Clutch Facing, Brake Block, Disc Brake Pad, Roll Lining, Millboard Sheets, and a few others. [1] It has also been engaged in the treasury business since 2010. [2]