Hindoostan Mills Ltd

₹ 213 -2.23%

22 Nov - close price

About

Incorporated in 1873, Hindoostan Mills Ltd is in the business of Manufacture and Sale of Fabric and Yarn and Refiling of Elastic Calendar Bowls^[1]

Key Points

Product Profile:
A) Textile:^[1] 86% of FY22 revenue
Open-end yarns from 4’s to 30’s count in Cotton
Greige Fabrics and weaves which are exported to Europe, USA, South America, Korea, Thailand, and other Far East countries Processed Fabrics used in shirting, bottom wear, industrial and work wear, and also wider width fabrics used for home furnishing and bed sheets.

B) Engineering^[2] 14% of FY22 revenue
ECK Haubold & Laxmi is the engineering division of Hindoostan Mills Limited, specializing in the manufacture and supply of calendar bowls, calendaring machines, squeeze rolls, and related products including Cotton Roll, Comber Rolls, Polyamide Roll, Wool Paper Roll, Hard Chrome Roll, Laxmi Helextra Roll, ECK NCCM Roll, Wiper Bar, Flax Paper Roll, Design Roll, etc. for the textile, paper, and steel industry

Website BSE

Market Cap ₹ 35.3 Cr.
Current Price ₹ 213
High / Low ₹ 411 / 195
Stock P/E
Book Value ₹ 261
Dividend Yield 0.00 %
ROCE -4.73 %
ROE -5.74 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.82 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -11.5% over past five years.
Company has a low return on equity of -10.2% over last 3 years.
Contingent liabilities of Rs.18.3 Cr.
Company's cost of borrowing seems high

* 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: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	25.20	28.52	30.10	27.99	21.23	19.25	30.62	20.62	23.25	21.74	22.66	15.42	7.91
	24.80	27.65	28.93	29.30	22.85	21.95	31.12	22.09	23.73	21.85	22.73	17.80	14.90
Operating Profit	0.40	0.87	1.17	-1.31	-1.62	-2.70	-0.50	-1.47	-0.48	-0.11	-0.07	-2.38	-6.99
OPM %	1.59%	3.05%	3.89%	-4.68%	-7.63%	-14.03%	-1.63%	-7.13%	-2.06%	-0.51%	-0.31%	-15.43%	-88.37%
	1.04	0.52	0.41	1.40	0.48	0.54	1.26	1.52	0.94	1.85	1.66	2.07	1.70
Interest	0.03	0.02	0.07	0.07	0.09	0.18	0.10	0.15	0.18	0.09	0.00	0.12	0.04
Depreciation	1.39	1.20	1.32	1.18	0.99	0.78	0.96	0.52	0.49	0.47	0.68	0.45	0.45
Profit before tax	0.02	0.17	0.19	-1.16	-2.22	-3.12	-0.30	-0.62	-0.21	1.18	0.91	-0.88	-5.78
Tax %	0.00%	0.00%	1,368.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.03	0.17	-2.41	-1.16	-2.21	-3.13	-0.30	-0.61	-0.21	1.18	0.91	-0.88	-5.78
EPS in Rs	0.18	1.02	-14.48	-6.97	-13.28	-18.80	-1.80	-3.66	-1.26	7.09	5.47	-5.29	-34.73
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	106.44	146.67	153.78	159.26	155.19	156.57	162.44	141.08	65.25	103.74	99.09	88.26	67.73
	98.29	136.59	150.12	151.90	155.54	155.97	166.19	142.42	68.66	101.54	105.23	90.39	77.28
Operating Profit	8.15	10.08	3.66	7.36	-0.35	0.60	-3.75	-1.34	-3.41	2.20	-6.14	-2.13	-9.55
OPM %	7.66%	6.87%	2.38%	4.62%	-0.23%	0.38%	-2.31%	-0.95%	-5.23%	2.12%	-6.20%	-2.41%	-14.10%
	2.05	1.74	1.52	5.70	1.99	2.28	2.48	2.29	26.33	2.64	3.68	5.98	7.28
Interest	0.07	0.14	1.95	3.31	2.67	2.32	1.98	1.20	0.85	0.15	0.43	0.42	0.25
Depreciation	4.72	6.50	10.11	11.82	12.43	11.18	8.58	5.88	4.93	5.35	3.91	2.16	2.05
Profit before tax	5.41	5.18	-6.88	-2.07	-13.46	-10.62	-11.83	-6.13	17.14	-0.66	-6.80	1.27	-4.57
Tax %	22.92%	23.75%	0.00%	9.18%	-0.74%	-0.28%	-0.17%	-0.16%	0.00%	393.94%	0.00%	0.00%
	4.17	3.95	-6.89	-2.25	-13.36	-10.59	-11.81	-6.11	17.14	-3.26	-6.80	1.27	-4.57
EPS in Rs	25.05	23.73	-41.39	-13.52	-80.26	-63.62	-70.95	-36.71	102.97	-19.59	-40.85	7.63	-27.46
Dividend Payout %	29.86%	42.03%	-9.64%	-33.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-5%
5 Years:	-11%
3 Years:	11%
TTM:	-28%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	%
TTM:	-8%

Stock Price CAGR
10 Years:	-10%
5 Years:	-2%
3 Years:	-12%
1 Year:	-12%

Return on Equity
10 Years:	-11%
5 Years:	-7%
3 Years:	-10%
Last Year:	-6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66	1.66
Reserves	93.30	93.38	85.11	81.95	68.58	57.81	46.08	40.08	57.10	53.94	47.18	48.47	41.74
	0.00	0.00	30.54	26.80	22.14	16.95	12.18	9.09	0.00	2.35	1.95	1.50	1.26
	15.77	21.84	24.68	26.68	30.62	36.40	36.79	38.32	23.07	25.88	25.06	23.48	18.17
Total Liabilities	110.73	116.88	141.99	137.09	123.00	112.82	96.71	89.15	81.83	83.83	75.85	75.11	62.83
	50.61	52.60	72.61	64.11	58.47	47.23	30.41	26.62	22.48	20.35	16.86	15.00	14.30
CWIP	0.66	0.47	2.65	4.26	0.02	0.01	0.00	0.60	0.00	0.05	0.30	0.15	0.00
Investments	5.88	0.81	3.33	3.36	0.62	0.67	0.01	0.01	5.67	12.74	11.34	15.29	17.69
	53.58	63.00	63.40	65.36	63.89	64.91	66.29	61.92	53.68	50.69	47.35	44.67	30.84
Total Assets	110.73	116.88	141.99	137.09	123.00	112.82	96.71	89.15	81.83	83.83	75.85	75.11	62.83

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	13.55	-1.88	6.16	10.03	5.14	7.32	5.83	3.24	2.90	1.69	-4.41	3.52
	-6.50	4.26	-33.91	-1.01	1.48	0.15	0.96	0.89	9.27	2.16	2.91	-4.71
	-8.17	-1.57	26.88	-7.84	-7.71	-7.45	-6.83	-4.51	-9.94	-0.17	-0.60	-0.64
Net Cash Flow	-1.12	0.81	-0.88	1.18	-1.08	0.02	-0.05	-0.38	2.23	3.68	-2.10	-1.82

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	56.27	54.67	63.80	59.59	67.52	71.36	68.96	73.06	76.86	43.70	46.96	48.55
Inventory Days	104.11	109.59	90.19	103.87	79.45	78.47	71.06	82.90	149.68	127.73	87.22	97.97
Days Payable	23.71	35.62	40.40	44.00	49.01	69.90	71.22	86.33	105.43	63.87	58.09	52.28
Cash Conversion Cycle	136.67	128.64	113.59	119.46	97.97	79.93	68.80	69.62	121.10	107.56	76.09	94.24
Working Capital Days	130.17	97.73	81.41	74.58	69.90	58.26	64.96	69.70	111.09	76.56	73.38	64.64
ROCE %	5.55%	5.03%	-5.08%	-1.07%	-10.02%	-9.81%	-14.76%	-8.92%	8.01%	-3.12%	-15.45%	-4.73%

Shareholding Pattern

Numbers in percentages

9 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	60.65%	60.65%	60.65%	60.64%	60.64%	60.64%	60.64%	60.47%	60.47%	60.47%	60.47%	60.47%
	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
	39.23%	39.23%	39.23%	39.24%	39.23%	39.24%	39.24%	39.41%	39.40%	39.40%	39.40%	39.40%
No. of Shareholders	6,280	6,145	6,039	5,998	5,943	5,873	5,750	5,712	5,641	5,442	5,385	5,437

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	60.62%	60.65%	60.65%	60.65%	60.65%	60.65%	60.64%	60.47%	60.47%
	0.14%	0.14%	0.14%	0.13%	0.13%	0.12%	0.12%	0.12%	0.12%
	39.24%	39.21%	39.21%	39.22%	39.22%	39.23%	39.24%	39.40%	39.40%
No. of Shareholders	9,373	8,835	8,507	8,243	7,885	6,145	5,873	5,442	5,437

* 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.

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Hindoostan Mills Ltd

Hindoostan Mills Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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