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 ₹ 729
  • Dividend Yield 0.45 %
  • ROCE 4.54 %
  • ROE 3.66 %
  • 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 32.4 days to 22.2 days

Cons

  • Company has a low return on equity of 3.06% 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

Consolidated Figures in Rs. Crores / View Standalone

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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
153 166 199 197 178 185 233 283 298 304
123 129 165 173 160 158 199 242 246 255
Operating Profit 30 37 34 24 18 26 33 41 52 50
OPM % 20% 22% 17% 12% 10% 14% 14% 14% 17% 16%
-2 1 0 2 0 6 0 1 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 7 8 9 9 10 9 9 9 10 10
Profit before tax 22 30 26 17 9 24 25 33 43 40
Tax % 15% 23% 11% -5% -20% 16% 13% 16% 19%
19 23 23 18 10 20 22 27 34 32
EPS in Rs 12.61 15.68 15.58 11.88 7.09 13.35 14.63 18.60 23.30 21.93
Dividend Payout % 3% 1% 3% 17% 28% 15% 14% 11% 9%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 17%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 33%
TTM: -7%
Stock Price CAGR
10 Years: 5%
5 Years: 21%
3 Years: 11%
1 Year: -4%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 7 7 7 7 7 7 7 7
Reserves 627 683 725 746 754 810 910 913 979 1,069
5 5 5 4 6 0 0 1 0 0
62 84 88 89 84 105 85 78 94 112
Total Liabilities 699 776 825 847 851 922 1,002 1,000 1,081 1,189
120 124 122 125 122 116 113 111 138 136
CWIP 0 0 0 0 0 0 0 0 0 1
Investments 470 536 605 608 616 687 796 807 872 971
109 116 98 113 113 119 93 82 71 81
Total Assets 699 776 825 847 851 922 1,002 1,000 1,081 1,189

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 10 50 3 3 9 22 16 40
-4 -8 -52 -2 5 0 -13 -21 -35
-1 -1 -1 -3 -1 -9 -3 -2 -4
Net Cash Flow 1 1 -2 -1 6 1 7 -8 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 59 63 63 70 82 58 51 45
Inventory Days 51 58 53 54 66 59 48 38 41
Days Payable 101 166 164 153 169 205 157 115 133
Cash Conversion Cycle 14 -49 -48 -36 -34 -64 -51 -26 -47
Working Capital Days 81 109 103 101 106 139 35 40 22
ROCE % 5% 4% 2% 1% 2% 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.

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