Hindustan Tin Works Ltd

Hindustan Tin Works Ltd

₹ 167 -1.33%
03 Jul 4:01 p.m.
About

Incorporated in 1958, Hindustan Tin Works
Ltd does manufacturing of Tin Cans, Printed /Lacquered Sheets, Components and trading
in Tin Plates[1]

Key Points

Business Overview:[1]
HTWL is a manufacturer and exporter of high performance cans, printed sheets,and related components to consumer marketing companies. It supplies diverse range of aerosol cans, food cans, beverage cans, baby food cans and can components to a wide variety of foods, beverages, baby food, health, beauty and luxury companies

  • Market Cap 174 Cr.
  • Current Price 167
  • High / Low 249 / 101
  • Stock P/E 10.2
  • Book Value 197
  • Dividend Yield 0.72 %
  • ROCE 11.1 %
  • ROE 8.65 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.85 times its book value

Cons

  • The company has delivered a poor sales growth of 4.53% over past five years.
  • Company has a low return on equity of 8.75% over last 3 years.
  • Earnings include an other income of Rs.10.0 Cr.
  • Dividend payout has been low at 7.70% of profits 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: Packaging Industry: Packaging

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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
86.57 104.80 108.32 90.20 105.69 155.13 146.71 81.73 81.05 117.25 116.29 98.04 87.77
79.96 94.42 97.86 83.31 101.46 146.56 136.28 74.41 75.96 108.65 106.15 88.10 87.63
Operating Profit 6.61 10.38 10.46 6.89 4.23 8.57 10.43 7.32 5.09 8.60 10.14 9.94 0.14
OPM % 7.64% 9.90% 9.66% 7.64% 4.00% 5.52% 7.11% 8.96% 6.28% 7.33% 8.72% 10.14% 0.16%
2.55 0.99 1.19 0.88 1.80 2.35 2.40 1.16 1.59 0.89 2.02 0.95 6.15
Interest 2.12 2.45 2.22 1.63 1.72 2.62 2.35 1.44 1.45 2.05 1.56 1.64 2.20
Depreciation 2.11 1.92 1.96 1.97 2.01 2.03 1.99 2.07 2.09 2.06 2.02 2.10 2.16
Profit before tax 4.93 7.00 7.47 4.17 2.30 6.27 8.49 4.97 3.14 5.38 8.58 7.15 1.93
Tax % 22.72% 28.71% 38.29% 41.73% -36.52% 32.54% 33.57% 47.08% -27.39% 57.99% 24.94% 25.59% -56.48%
3.80 4.99 4.62 2.43 3.15 4.23 5.63 2.63 4.00 2.25 6.44 5.32 3.02
EPS in Rs 3.65 4.80 4.44 2.34 3.03 4.07 5.41 2.53 3.85 2.16 6.19 5.12 2.90
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
272 313 317 297 265 316 336 298 326 409 464 419
250 287 291 273 242 293 310 277 294 376 433 391
Operating Profit 23 26 26 24 23 23 26 20 32 33 31 29
OPM % 8% 8% 8% 8% 9% 7% 8% 7% 10% 8% 7% 7%
3 2 5 12 4 11 5 5 5 5 8 10
Interest 10 10 10 9 9 10 11 10 9 9 8 7
Depreciation 4 5 7 8 8 8 8 9 8 8 8 8
Profit before tax 11 13 13 19 10 16 13 7 20 21 23 23
Tax % 33% 38% 35% 26% 32% 38% 38% -4% 26% 27% 28% 26%
7 8 9 14 7 10 8 8 15 15 16 17
EPS in Rs 7.07 8.09 8.23 13.48 6.76 9.27 7.59 7.32 14.03 14.61 15.87 16.39
Dividend Payout % 7% 10% 12% 7% 15% 11% 13% 8% 9% 8% 8% 7%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 9%
TTM: -10%
Compounded Profit Growth
10 Years: 7%
5 Years: 17%
3 Years: 5%
TTM: 5%
Stock Price CAGR
10 Years: 11%
5 Years: 27%
3 Years: 18%
1 Year: 60%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 9%
Last Year: 9%

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 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 86 94 99 112 119 127 134 140 155 168 179 194
70 84 104 105 80 111 102 68 89 84 73 82
46 54 56 41 50 48 32 45 43 47 26 29
Total Liabilities 212 243 269 268 259 297 278 263 297 310 288 316
63 68 71 85 82 79 78 81 75 76 92 101
CWIP 3 6 7 1 0 2 7 2 2 5 2 8
Investments 3 3 3 0 0 12 12 12 12 11 5 5
142 165 188 182 176 204 182 169 208 218 189 202
Total Assets 212 243 269 268 259 297 278 263 297 310 288 316

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
6 22 5 13 35 -6 29 50 -12 26 36 19
-4 -10 -11 0 -3 -14 -7 -5 -1 -10 -17 -19
-2 -6 8 -12 -37 20 -21 -46 11 -14 -20 1
Net Cash Flow -1 6 2 1 -6 0 0 -1 -2 1 -2 0

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 105 106 118 124 126 119 110 128 125 96 86 89
Inventory Days 63 63 76 65 95 93 71 61 96 90 59 92
Days Payable 57 60 61 42 60 46 23 50 41 36 14 19
Cash Conversion Cycle 111 109 133 148 161 166 158 139 180 150 132 163
Working Capital Days 122 119 135 150 159 167 142 145 184 147 125 149
ROCE % 13% 13% 12% 9% 9% 10% 9% 7% 12% 11% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.24% 40.24% 40.24% 40.48% 40.77% 40.80% 40.84% 41.02% 41.02% 41.05% 41.05% 41.05%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.00%
9.83% 9.83% 9.83% 9.83% 9.83% 9.83% 9.83% 9.83% 9.83% 9.83% 9.35% 8.91%
49.94% 49.94% 49.94% 49.70% 49.41% 49.37% 49.33% 49.15% 49.16% 49.12% 49.42% 50.04%
No. of Shareholders 10,67311,97611,51611,55611,48512,14712,05611,93111,74811,43311,61411,634

* 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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