Hawkins Cookers Ltd

Hawkins Cookers Ltd

₹ 7,680 -2.32%
02 Jul - close price
About

Hawkins Cookers Ltd is engaged in the business of manufacture, trading and sale of kitchenware.[1]

Key Points

Product Portfolio
The company's product portfolio includes its flagship cookware i.e. pressure cooker; its other cookware products include Tava, frying pan, saucepans, cook-n-serve bowls, handi, stewpot, etc.[1]
The company launched 39 new products in FY22 and 53 in FY23.[2]

  • Market Cap 4,063 Cr.
  • Current Price 7,680
  • High / Low 8,620 / 5,810
  • Stock P/E 37.0
  • Book Value 631
  • Dividend Yield 1.56 %
  • ROCE 44.5 %
  • ROE 36.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.7%
  • Company has been maintaining a healthy dividend payout of 69.4%
  • Company's working capital requirements have reduced from 44.8 days to 30.9 days

Cons

  • Stock is trading at 12.2 times its book value
  • The company has delivered a poor sales growth of 9.42% over past five 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
243 151 266 269 272 198 297 257 254 203 272 272 277
211 127 229 241 241 164 254 231 222 174 223 246 231
Operating Profit 32 24 37 27 31 33 44 26 32 29 48 27 46
OPM % 13% 16% 14% 10% 11% 17% 15% 10% 13% 14% 18% 10% 17%
2 2 2 1 1 1 1 1 1 2 2 3 3
Interest 1 2 2 1 1 1 1 1 1 1 1 1 1
Depreciation 1 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 32 23 35 26 29 31 41 24 30 28 47 27 46
Tax % 24% 26% 26% 26% 26% 25% 25% 25% 25% 26% 26% 26% 25%
24 17 26 19 21 23 31 18 23 21 35 20 34
EPS in Rs 45.33 32.40 49.62 36.22 40.41 43.63 58.29 34.21 43.12 39.34 66.57 37.27 64.54
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
386 417 469 487 512 553 653 674 768 958 1,006 1,024
335 358 418 419 438 482 567 570 658 838 870 874
Operating Profit 51 59 51 68 74 71 86 104 111 120 135 150
OPM % 13% 14% 11% 14% 14% 13% 13% 15% 14% 12% 13% 15%
5 5 4 -1 4 11 4 3 7 6 4 11
Interest 3 4 4 3 4 4 4 4 5 6 5 5
Depreciation 2 3 4 3 3 4 4 5 5 7 8 9
Profit before tax 50 57 47 60 71 74 82 98 108 113 127 148
Tax % 32% 33% 32% 33% 33% 34% 34% 26% 25% 26% 25% 26%
34 38 32 40 47 49 54 72 81 84 95 110
EPS in Rs 64.49 72.39 60.74 76.29 89.68 92.06 102.54 137.09 152.50 158.65 179.24 207.72
Dividend Payout % 78% 83% 74% 79% 78% 76% 78% 0% 52% 95% 56% 58%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 10%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 15%
3 Years: 11%
TTM: 16%
Stock Price CAGR
10 Years: 10%
5 Years: 21%
3 Years: 10%
1 Year: 20%
Return on Equity
10 Years: 46%
5 Years: 43%
3 Years: 39%
Last Year: 36%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 49 51 54 56 101 105 113 134 172 208 271 328
23 25 19 32 27 25 31 40 38 43 42 31
92 106 105 124 101 111 118 119 177 153 142 161
Total Liabilities 170 187 182 217 235 246 267 298 392 410 460 526
20 23 22 22 22 23 26 32 39 52 66 72
CWIP 1 1 1 1 1 1 2 2 3 3 2 12
Investments 0 0 0 0 0 0 0 0 0 0 0 0
148 163 159 194 212 221 239 264 350 355 392 442
Total Assets 170 187 182 217 235 246 267 298 392 410 460 526

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 33 28 35 61 69 -6 66 189 -52 92 174
2 -1 0 -0 -14 -13 42 -20 -119 82 -47 -104
-25 -32 -48 -17 -39 -52 -45 -52 -40 -51 -33 -70
Net Cash Flow 1 0 -19 17 7 4 -10 -6 29 -21 12 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 33 34 34 33 31 44 27 19 20 17 17
Inventory Days 96 123 110 142 138 94 124 167 97 133 121 104
Days Payable 58 72 60 77 65 73 66 62 77 54 44 51
Cash Conversion Cycle 77 84 83 98 105 52 103 133 40 99 94 70
Working Capital Days -7 -18 13 10 21 10 45 44 -7 51 52 31
ROCE % 75% 77% 65% 79% 66% 58% 61% 62% 57% 50% 46%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03% 56.03%
0.17% 0.17% 0.33% 0.32% 0.31% 0.34% 0.35% 0.36% 0.37% 0.35% 0.34% 0.19%
16.57% 16.65% 16.89% 16.93% 17.05% 17.23% 17.25% 17.30% 17.30% 17.48% 17.53% 17.63%
27.23% 27.14% 26.75% 26.72% 26.61% 26.40% 26.36% 26.29% 26.29% 26.13% 26.09% 26.13%
No. of Shareholders 15,22015,99615,73015,92316,16016,08415,44015,07815,44715,43315,23415,471

* 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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