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 ₹ 655 Cr.
- Current Price ₹ 444
- High / Low ₹ 598 / 402
- Stock P/E 16.8
- Book Value ₹ 770
- Dividend Yield 0.45 %
- ROCE 5.05 %
- ROE 3.94 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.58 times its book value
- Company has delivered good profit growth of 31.6% CAGR over last 5 years
Cons
- Company has a low return on equity of 3.54% 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
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 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 153 | 166 | 199 | 197 | 178 | 185 | 233 | 283 | 298 | 325 | 347 | |
| 123 | 129 | 165 | 173 | 160 | 158 | 199 | 242 | 246 | 266 | 290 | |
| Operating Profit | 30 | 37 | 34 | 24 | 18 | 26 | 33 | 41 | 52 | 59 | 57 |
| OPM % | 20% | 22% | 17% | 12% | 10% | 14% | 14% | 14% | 17% | 18% | 16% |
| -2 | 1 | 0 | 2 | 0 | 6 | 0 | 1 | 0 | -4 | -4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 7 | 8 | 9 | 9 | 10 | 9 | 9 | 9 | 10 | 10 | 11 |
| Profit before tax | 22 | 30 | 26 | 17 | 9 | 24 | 25 | 33 | 43 | 45 | 42 |
| Tax % | 15% | 23% | 11% | -5% | -20% | 16% | 13% | 16% | 19% | 22% | |
| 19 | 23 | 23 | 18 | 10 | 20 | 22 | 27 | 34 | 35 | 30 | |
| EPS in Rs | 12.61 | 15.68 | 15.58 | 11.88 | 7.09 | 13.35 | 14.63 | 18.60 | 23.30 | 23.70 | 20.17 |
| Dividend Payout % | 3% | 1% | 3% | 17% | 28% | 15% | 14% | 11% | 9% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 12% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 24% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 15% |
| 3 Years: | 14% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 4% |
| 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 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 627 | 683 | 725 | 746 | 754 | 810 | 910 | 913 | 979 | 1,077 | 1,130 |
| 5 | 5 | 5 | 4 | 6 | 0 | 0 | 1 | 0 | 0 | 3 | |
| 62 | 84 | 88 | 89 | 84 | 105 | 85 | 78 | 94 | 112 | 118 | |
| Total Liabilities | 699 | 776 | 825 | 847 | 851 | 922 | 1,002 | 1,000 | 1,081 | 1,196 | 1,259 |
| 120 | 124 | 122 | 125 | 122 | 116 | 113 | 111 | 138 | 134 | 135 | |
| CWIP | -0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | -0 | 4 | 6 |
| Investments | 470 | 536 | 605 | 608 | 616 | 687 | 796 | 807 | 872 | 962 | 1,032 |
| 109 | 116 | 98 | 113 | 113 | 119 | 93 | 82 | 71 | 96 | 85 | |
| Total Assets | 699 | 776 | 825 | 847 | 851 | 922 | 1,002 | 1,000 | 1,081 | 1,196 | 1,259 |
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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 10 | 50 | 3 | 3 | 9 | 22 | 16 | 40 | 30 | |
| -4 | -8 | -52 | -2 | 5 | 0 | -13 | -21 | -35 | -18 | |
| -1 | -1 | -1 | -3 | -1 | -9 | -3 | -2 | -4 | -3 | |
| Net Cash Flow | 1 | 1 | -2 | -1 | 6 | 1 | 7 | -8 | 1 | 9 |
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 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 59 | 63 | 63 | 70 | 82 | 58 | 51 | 45 | 57 |
| Inventory Days | 51 | 58 | 53 | 54 | 66 | 59 | 48 | 38 | 41 | 30 |
| Days Payable | 101 | 166 | 164 | 153 | 169 | 205 | 157 | 115 | 133 | 138 |
| Cash Conversion Cycle | 14 | -49 | -48 | -36 | -34 | -64 | -51 | -26 | -47 | -50 |
| Working Capital Days | 78 | 107 | 99 | 98 | 96 | 138 | 35 | 39 | 22 | 34 |
| ROCE % | 5% | 4% | 2% | 1% | 2% | 3% | 4% | 5% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Nov - Newspaper Publication regarding special window for re-lodgment of transfer request of physical shares.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Nov - Newspaper publication regarding request received for re-lodgment of transfer of physical shares
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Board Meeting Outcome for Outcome Of The Board Meeting - Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025
12 Nov - Board approved unaudited standalone and consolidated Q2/H1 results for period ended 30 Sep 2025 on 12 Nov 2025.
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Un-Audited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2025
12 Nov - Board approved unaudited standalone and consolidated results for quarter/half-year ended 30 Sep 2025; limited review reports enclosed.
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Board Meeting Intimation for Considering And Approving The Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2025
3 Nov - Board meeting 12 Nov 2025 to approve results for quarter/half ended 30 Sep 2025; trading window 1 Oct–14 Nov.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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Financial Year 2013
from nse
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Financial Year 2013
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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.