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 ₹ 615 Cr.
- Current Price ₹ 416
- High / Low ₹ 670 / 370
- Stock P/E 16.7
- Book Value ₹ 729
- Dividend Yield 0.48 %
- ROCE 4.54 %
- ROE 3.66 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
- Company's working capital requirements have reduced from 32.4 days to 22.2 days
Cons
- Company has a low return on equity of 3.06% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 298 | 314 | |
| 123 | 129 | 165 | 173 | 160 | 158 | 199 | 242 | 246 | 260 | |
| Operating Profit | 30 | 37 | 34 | 24 | 18 | 26 | 33 | 41 | 52 | 55 |
| OPM % | 20% | 22% | 17% | 12% | 10% | 14% | 14% | 14% | 17% | 17% |
| -2 | 1 | 0 | 2 | 0 | 6 | 0 | 1 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 10 | 10 |
| Profit before tax | 22 | 30 | 26 | 17 | 9 | 24 | 25 | 33 | 43 | 45 |
| Tax % | 15% | 23% | 11% | -5% | -20% | 16% | 13% | 16% | 19% | |
| 19 | 23 | 23 | 18 | 10 | 20 | 22 | 27 | 34 | 37 | |
| EPS in Rs | 12.61 | 15.68 | 15.58 | 11.88 | 7.09 | 13.35 | 14.63 | 18.60 | 23.30 | 24.99 |
| Dividend Payout % | 3% | 1% | 3% | 17% | 28% | 15% | 14% | 11% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 17% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 33% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 25% |
| 3 Years: | 12% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 627 | 683 | 725 | 746 | 754 | 810 | 910 | 913 | 979 | 1,069 |
| 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 0 | 0 | |
| 62 | 84 | 88 | 89 | 84 | 105 | 85 | 78 | 94 | 112 | |
| Total Liabilities | 699 | 776 | 825 | 847 | 851 | 922 | 1,002 | 1,000 | 1,081 | 1,189 |
| 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 138 | 136 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Investments | 470 | 536 | 605 | 608 | 616 | 687 | 796 | 807 | 872 | 971 |
| 109 | 116 | 98 | 113 | 113 | 119 | 93 | 82 | 71 | 81 | |
| Total Assets | 699 | 776 | 825 | 847 | 851 | 922 | 1,002 | 1,000 | 1,081 | 1,189 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 6 | 10 | 50 | 3 | 3 | 9 | 22 | 16 | 40 | |
| -4 | -8 | -52 | -2 | 5 | 0 | -13 | -21 | -35 | |
| -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | -4 | |
| Net Cash Flow | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 59 | 63 | 63 | 70 | 82 | 58 | 51 | 45 |
| Inventory Days | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 | 41 |
| Days Payable | 101 | 166 | 164 | 153 | 169 | 205 | 157 | 115 | 133 |
| Cash Conversion Cycle | 14 | -49 | -48 | -36 | -34 | -64 | -51 | -26 | -47 |
| Working Capital Days | 81 | 109 | 103 | 101 | 106 | 139 | 35 | 40 | 22 |
| ROCE % | 5% | 4% | 2% | 1% | 2% | 3% | 4% | 5% |
Documents
Announcements
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Corporate Action-Board to consider Dividend
29 Apr - Board meeting on May 7 to approve FY25 audited results and consider dividend payment.
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Board Meeting Intimation for Consideration And Approval Of The Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2025
29 Apr - Board meeting on May 7 to approve FY25 audited results and consider dividend payment.
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Announcement under Regulation 30 (LODR)-Change in Directorate
22 Apr - Mr. Deepak Sethi ceases as Independent Director after completing 2nd term on 22 April 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
15 Apr - Credit ratings upgraded for long and short term bank loans.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - Enclosed Certificate under Regulation 74(5)of SEBI DP Regulations for the quarter ended 31st March, 2025
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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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
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
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Financial Year 2011
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.