Hindustan Composites Ltd

Hindustan Composites Ltd

₹ 415 0.63%
19 Apr - close price
About

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]

Key Points

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]

  • Market Cap 613 Cr.
  • Current Price 415
  • High / Low 494 / 271
  • Stock P/E 17.0
  • Book Value 642
  • Dividend Yield 0.48 %
  • ROCE 3.84 %
  • ROE 3.22 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.65 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
51.27 58.29 49.25 50.40 66.27 66.72 73.30 61.98 69.43 77.98 75.70 71.72 71.69
43.30 50.40 43.51 43.78 52.82 59.56 59.39 56.71 60.68 65.30 61.19 58.22 60.67
Operating Profit 7.97 7.89 5.74 6.62 13.45 7.16 13.91 5.27 8.75 12.68 14.51 13.50 11.02
OPM % 15.55% 13.54% 11.65% 13.13% 20.30% 10.73% 18.98% 8.50% 12.60% 16.26% 19.17% 18.82% 15.37%
0.01 0.00 0.08 0.18 0.07 0.05 0.54 0.04 0.03 0.24 0.06 0.64 0.01
Interest 0.06 0.04 0.02 0.01 0.02 0.03 0.04 0.05 0.02 0.02 0.04 0.04 0.01
Depreciation 2.18 2.17 2.12 2.15 2.16 2.13 2.18 2.24 2.25 2.06 2.22 2.32 2.53
Profit before tax 5.74 5.68 3.68 4.64 11.34 5.05 12.23 3.02 6.51 10.84 12.31 11.78 8.49
Tax % 9.76% 3.52% 5.71% 21.34% 11.11% 12.87% 19.22% 11.92% 16.59% 12.36% 18.44% 15.62% 23.91%
5.18 5.48 3.47 3.65 10.08 4.40 9.88 2.66 5.43 9.50 10.04 9.94 6.46
EPS in Rs 3.51 3.71 2.35 2.47 6.83 2.98 6.69 1.80 3.68 6.43 6.80 6.73 4.37
Raw PDF

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: 11%
5 Years: 14%
3 Years: 18%
1 Year: 54%
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%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.03% 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%
25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.00% 24.97% 24.98% 25.01%
No. of Shareholders 14,46914,51414,66414,98615,11515,16014,86114,69514,97515,32915,48315,406

* 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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