Hind Commerce Ltd

Hind Commerce Ltd

₹ 3.81 4.96%
25 Feb 2022
About

Hind Commerce is presently engaged in the domestic as well as international trading of cotton yarn and fabric business.

  • Market Cap 283 Cr.
  • Current Price 3.81
  • High / Low /
  • Stock P/E 1,232
  • Book Value 58.3
  • Dividend Yield 0.00 %
  • ROCE 2.55 %
  • ROE 1.72 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.07 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 30.6%
  • Company has a low return on equity of 2.30% over last 3 years.
  • Company has high debtors of 152 days.
  • Working capital days have increased from 104 days to 149 days

* 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: Trading Industry: Trading

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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
0.44 0.00 0.00 0.00 0.00 0.00 0.00 1.29 0.43 0.21 3.99 1.40 0.76
0.34 0.04 0.03 0.05 -0.01 0.03 0.15 1.39 0.48 0.26 3.95 1.55 0.78
Operating Profit 0.10 -0.04 -0.03 -0.05 0.01 -0.03 -0.15 -0.10 -0.05 -0.05 0.04 -0.15 -0.02
OPM % 22.73% -7.75% -11.63% -23.81% 1.00% -10.71% -2.63%
0.07 0.09 0.49 0.05 0.00 0.17 0.13 0.15 0.22 0.09 0.09 0.11 0.16
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.17 0.05 0.46 0.00 0.01 0.14 -0.02 0.05 0.17 0.04 0.13 -0.04 0.14
Tax % 0.00% 140.00% 2.17% 500.00% 7.14% 150.00% 20.00% 5.88% 75.00% 53.85% 25.00% -28.57%
0.16 -0.02 0.44 -0.04 -0.04 0.13 -0.04 0.04 0.15 0.02 0.06 -0.04 0.19
EPS in Rs 0.53 -0.07 1.47 -0.13 -0.13 0.43 -0.13 0.13 0.50 0.07 0.20 -0.13 0.63
Raw PDF

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
0.64 0.38 1.99 1.59 3.95 0.53 1.28 6.80 3.34 0.68 0.00 5.92 6.36
0.62 0.47 2.19 1.70 4.04 0.66 1.42 6.19 3.25 0.61 0.28 6.06 6.54
Operating Profit 0.02 -0.09 -0.20 -0.11 -0.09 -0.13 -0.14 0.61 0.09 0.07 -0.28 -0.14 -0.18
OPM % 3.12% -23.68% -10.05% -6.92% -2.28% -24.53% -10.94% 8.97% 2.69% 10.29% -2.36% -2.83%
0.03 0.43 0.48 0.37 0.59 0.57 0.47 0.13 0.16 0.71 0.46 0.54 0.45
Interest 0.00 0.00 0.01 0.00 0.01 0.01 0.01 0.02 0.01 0.01 0.00 0.01 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.05 0.34 0.27 0.26 0.49 0.43 0.32 0.72 0.24 0.77 0.18 0.39 0.27
Tax % 60.00% 23.53% 3.70% 23.08% 10.20% 13.95% 25.00% 23.61% 37.50% 12.99% 50.00% 30.77%
0.03 0.26 0.26 0.20 0.44 0.37 0.24 0.56 0.16 0.68 0.10 0.27 0.23
EPS in Rs 0.10 0.87 0.87 0.67 1.47 1.23 0.80 1.87 0.53 2.27 0.33 0.90 0.77
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 32%
5 Years: 36%
3 Years: 21%
TTM: 270%
Compounded Profit Growth
10 Years: 3%
5 Years: 6%
3 Years: 19%
TTM: -18%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 2%

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 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
Reserves 3.56 3.83 4.08 4.28 8.35 8.48 8.80 8.16 9.71 11.63 11.54 13.80 14.49
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.15 0.07 0.27 0.04 0.34 0.28 0.29 1.03 0.61 0.67 0.66 1.00 0.29
Total Liabilities 6.71 6.90 7.35 7.32 11.69 11.76 12.09 12.19 13.32 15.30 15.20 17.80 17.78
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 6.46 5.24 5.88 6.87 10.50 11.24 11.33 5.62 12.53 14.95 14.65 14.00 16.17
0.25 1.66 1.47 0.45 1.19 0.52 0.76 6.57 0.79 0.35 0.55 3.80 1.61
Total Assets 6.71 6.90 7.35 7.32 11.69 11.76 12.09 12.19 13.32 15.30 15.20 17.80 17.78

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
0.09 -1.68 0.41 0.39 -1.02 0.57 -0.58 -4.33 4.81 0.45 -0.52 -2.56
-0.08 1.65 -0.18 -0.59 1.02 -0.44 0.44 4.71 -5.14 -0.42 0.56 3.42
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash Flow 0.01 -0.02 0.23 -0.20 0.00 0.13 -0.15 0.38 -0.33 0.04 0.05 0.86

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 0.00 48.03 144.90 0.00 76.70 0.00 114.06 243.69 0.00 0.00 152.29
Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.75 51.62 0.00 0.00
Days Payable 37.93 0.00
Cash Conversion Cycle 0.00 48.03 144.90 0.00 76.70 0.00 114.06 278.51 51.62 0.00 152.29
Working Capital Days -5.70 1,460.00 155.90 68.87 97.03 165.28 173.95 281.80 53.55 59.04 149.21
ROCE % 3.94% 4.03% -1.44% -0.42% -1.93% 2.45% 2.32% 4.62% 2.09% 5.71% 0.48% 2.55%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59% 30.59%
69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41% 69.41%
No. of Shareholders 527527527527527527527527527527527527

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