Hindustan Composites Ltd

Hind.Composites Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hindustan Composites Ltd

₹ 444 3.77%
22 Nov - close price
hindcompo.com BSE: 509635 NSE: HINDCOMPOS
About

Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 656 Cr.
  • Current Price ₹ 444
  • High / Low ₹ 670 / 370
  • Stock P/E 20.3
  • Book Value ₹ 730
  • Dividend Yield 0.45 %
  • ROCE 4.80 %
  • ROE 3.86 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.61 times its book value
  • Company's working capital requirements have reduced from 35.3 days to 24.8 days

Cons

  • Company has a low return on equity of 3.35% 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: Auto Ancillaries Industry: Auto Ancillaries

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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
50.40 66.27 66.72 73.30 61.98 69.43 77.98 75.70 71.72 71.69 78.57 77.15 76.95
43.78 52.82 59.56 59.39 56.71 60.68 65.30 61.19 58.22 60.67 66.31 63.61 64.04
Operating Profit 6.62 13.45 7.16 13.91 5.27 8.75 12.68 14.51 13.50 11.02 12.26 13.54 12.91
OPM % 13.13% 20.30% 10.73% 18.98% 8.50% 12.60% 16.26% 19.17% 18.82% 15.37% 15.60% 17.55% 16.78%
0.18 0.07 0.05 0.54 0.04 0.03 0.24 0.06 0.64 0.01 0.22 0.05 0.17
Interest 0.01 0.02 0.03 0.04 0.05 0.02 0.02 0.04 0.04 0.01 0.00 0.03 0.02
Depreciation 2.15 2.16 2.13 2.18 2.24 2.25 2.06 2.22 2.32 2.53 2.46 2.51 2.60
Profit before tax 4.64 11.34 5.05 12.23 3.02 6.51 10.84 12.31 11.78 8.49 10.02 11.05 10.46
Tax % 21.34% 11.11% 12.87% 19.22% 11.92% 16.59% 12.36% 18.44% 15.62% 23.91% 20.46% 21.54% 11.19%
3.65 10.08 4.40 9.88 2.66 5.43 9.50 10.04 9.94 6.46 7.97 8.67 9.29
EPS in Rs 2.47 6.83 2.98 6.69 1.80 3.68 6.43 6.80 6.73 4.37 5.40 5.87 6.29
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
93 107 143 153 166 199 197 178 185 233 283 298 304
99 110 107 123 127 162 172 158 155 195 239 243 255
Operating Profit -6 -3 36 30 39 37 25 20 30 37 44 55 50
OPM % -6% -3% 25% 20% 23% 18% 13% 11% 16% 16% 16% 18% 16%
24 33 0 0 1 0 2 0 4 -4 -2 -2 0
Interest 0 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 6 7 6 7 8 9 9 10 9 9 9 10 10
Profit before tax 12 22 30 24 32 28 18 10 25 25 33 43 40
Tax % 16% 20% 13% 13% 22% 10% -4% -17% 15% 13% 16% 19%
10 17 26 21 25 25 19 12 21 22 27 34 32
EPS in Rs 6.89 11.62 17.43 14.00 16.82 17.18 12.86 8.15 14.21 14.63 18.60 23.30 21.93
Dividend Payout % 5% 6% 2% 2% 2% 3% 16% 25% 14% 14% 11% 9%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 17%
TTM: 3%
Compounded Profit Growth
10 Years: 10%
5 Years: 14%
3 Years: 28%
TTM: -7%
Stock Price CAGR
10 Years: 5%
5 Years: 21%
3 Years: 11%
1 Year: -4%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 3%
Last Year: 4%

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 5 5 5 5 5 7 7 7 7 7 7 7 7
Reserves 503 519 544 630 688 733 755 764 812 912 916 981 1,072
8 7 6 5 5 5 4 6 0 0 1 0 0
28 31 29 62 83 88 89 84 103 83 76 92 111
Total Liabilities 544 562 584 702 781 833 856 861 923 1,003 1,000 1,081 1,190
115 114 115 120 124 122 125 122 116 113 111 138 136
CWIP 1 0 0 0 0 0 0 0 0 0 0 0 1
Investments 341 363 386 473 541 613 617 625 687 796 807 872 971
87 85 83 109 116 98 113 113 120 94 82 72 81
Total Assets 544 562 584 702 781 833 856 861 923 1,003 1,000 1,081 1,190

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
5 4 11 8 11 53 5 4 9 22 16 40
-12 -1 -8 -6 -9 -54 -3 3 0 -13 -21 -35
-1 -3 -3 -1 -1 -1 -3 -1 -9 -3 -2 -4
Net Cash Flow -8 -0 1 1 1 -2 -1 6 1 7 -8 1

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 74 91 59 63 59 63 63 70 83 59 51 46
Inventory Days 58 54 44 51 58 53 54 66 59 48 38 41
Days Payable 83 85 75 101 166 164 154 166 198 151 110 128
Cash Conversion Cycle 49 60 28 14 -49 -48 -36 -31 -55 -44 -21 -42
Working Capital Days 128 131 106 81 109 103 101 108 143 39 42 25
ROCE % 2% 4% 5% 4% 5% 4% 2% 1% 3% 3% 4% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.03% 0.00% 0.00% 0.00%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
25.01% 25.01% 25.01% 25.01% 25.01% 25.01% 25.00% 24.97% 24.98% 25.01% 25.00% 25.01%
No. of Shareholders 14,66414,98615,11515,16014,86114,69514,97515,32915,48315,40615,57316,173

* 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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