Hindustan Motors Ltd

Hindustan Motors Ltd

₹ 21.8 -1.93%
21 Nov - close price
About

Incorporated in 1948, Hindustan
Motors Ltd manufactures and sells
Vehicles, Spare Parts of Vehicles,
Steel Products and Components.
It also does trading of Spare Parts
of Vehicles[1]

Key Points

Operational Review:[1][2]
Company has declared Suspension of
Work at its Uttarpara Plant (West Bengal)
from 24th May, 2014, due to low productivity, growing indiscipline, shortage of funds and lack of product demand. The suspension of work is continuing. Management is scouting for tie-ups and potential investment /strategic partners to introduce new products & infuse capital in the company. It is also considering various measures including restructuring and rationalising of its manpower and other fixed costsalternative use of Fixed Assets to generate revenue.
Company's outstanding liabilities are expected to be met by sale proceeds of assets of the Company

  • Market Cap 449 Cr.
  • Current Price 21.8
  • High / Low 48.7 / 15.2
  • Stock P/E 11.1
  • Book Value 1.40
  • Dividend Yield 0.00 %
  • ROCE 2.32 %
  • ROE 16.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 15.6 times its book value
  • Promoter holding is low: 32.3%
  • Earnings include an other income of Rs.41.9 Cr.

* 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: Automobile Industry: Automobiles - Passenger Cars

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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
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.37 1.88 0.87 0.79
2.71 1.18 1.47 1.13 1.36 1.61 1.05 1.17 1.00 1.23 1.02 1.01 1.13
Operating Profit -2.71 -1.18 -1.47 -1.13 -1.36 -1.61 -1.05 -1.17 -1.00 0.14 0.86 -0.14 -0.34
OPM % 10.22% 45.74% -16.09% -43.04%
13.99 0.72 11.23 2.52 0.58 0.25 1.44 0.19 0.21 11.18 15.33 8.31 7.05
Interest 0.00 0.00 0.01 0.10 0.01 0.00 0.02 0.02 0.00 0.01 0.00 0.00 0.00
Depreciation 0.14 0.16 0.14 0.14 0.13 0.13 0.13 0.13 0.11 0.09 0.09 0.09 0.09
Profit before tax 11.14 -0.62 9.61 1.15 -0.92 -1.49 0.24 -1.13 -0.90 11.22 16.10 8.08 6.62
Tax % 8.98% 0.00% 5.52% 10.43% -92.39% -22.82% 0.00% -11.50% 0.00% 0.00% 0.00% 0.00% 26.59%
10.14 -0.62 9.08 1.03 -0.07 -1.15 0.24 -1.00 -0.90 11.22 16.10 8.08 4.86
EPS in Rs 0.49 -0.03 0.44 0.05 -0.00 -0.06 0.01 -0.05 -0.04 0.54 0.77 0.39 0.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 18m Mar 2014 6m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
723 183 15 1 1 -3 1 0 1 0 0 3 5
841 227 53 22 18 13 7 6 5 7 5 4 4
Operating Profit -118 -44 -38 -21 -16 -16 -6 -6 -4 -7 -5 -1 1
OPM % -16% -24% -251% -2,632% -1,450% -1,124% -2,757% -331% -36% 11%
91 108 6 2 12 88 36 6 11 28 5 27 42
Interest 31 56 8 10 10 9 2 0 0 0 0 0 0
Depreciation 22 8 2 2 2 1 1 1 1 1 1 0 0
Profit before tax -80 -1 -42 -32 -16 62 27 -1 6 20 -1 25 42
Tax % -11% 339% 0% 0% 0% 9% -0% -2% 40% 8% -104% -1%
-71 -3 -42 -32 -16 57 27 -1 4 19 0 25 40
EPS in Rs -3.85 -0.17 -2.01 -1.54 -0.77 2.71 1.28 -0.04 0.18 0.89 0.00 1.22 1.93
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -33%
5 Years: 43%
3 Years: 41%
TTM: %
Compounded Profit Growth
10 Years: 7%
5 Years: -53%
3 Years: 39%
TTM: 1533%
Stock Price CAGR
10 Years: 10%
5 Years: 31%
3 Years: 23%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 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 92 92 104 104 104 104 104 104 104 104 104 104 104
Reserves -124 -127 -166 -198 -217 -161 -135 -136 -132 -114 -113 -88 -75
98 41 41 38 36 18 18 18 18 18 18 18 0
200 183 91 107 116 89 43 40 39 22 18 19 39
Total Liabilities 267 189 70 52 39 50 30 26 29 30 27 53 68
118 39 29 27 26 24 21 20 18 17 16 12 9
CWIP 1 0 0 0 0 0 0 0 0 0 0 0 0
Investments 18 0 0 0 0 0 0 0 0 0 0 0 0
130 150 41 24 13 26 9 6 11 13 10 41 59
Total Assets 267 189 70 52 39 50 30 26 29 30 27 53 68

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-109 -24 33 9 11 -33 -14 -1 -5 -18 1 -15
150 78 1 0 1 79 2 0 6 16 -1 16
-53 -60 -35 -9 -12 -29 -2 -0 -0 -0 -0 -0
Net Cash Flow -13 -6 -1 -0 0 17 -14 -1 1 -2 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 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 10 36 33 532 333 -6 34 122 0 0
Inventory Days 50 37 279 774 413 226 196 196 0
Days Payable 50 119 667 2,795 3,011 3,073 6,721 14,209
Cash Conversion Cycle 11 -45 -355 -1,489 -2,265 -2,853 -6,491 -13,892 0 0
Working Capital Days -46 -129 -1,729 -50,613 -43,060 -10,531 -35,513 -87,061 -15,536 -1,696
ROCE % -112% -22% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.34% 32.34% 32.34% 32.33% 32.33% 32.33% 32.33% 32.33% 32.33% 32.33% 32.33% 32.33%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.04% 0.05% 0.06%
1.32% 1.32% 1.32% 3.14% 3.14% 3.14% 3.14% 3.14% 3.14% 2.65% 2.63% 2.47%
66.32% 66.32% 66.32% 64.49% 64.49% 64.49% 64.50% 64.49% 64.49% 64.98% 64.98% 65.12%
No. of Shareholders 1,39,6071,46,6251,86,5342,02,4132,00,2801,97,7411,95,7841,96,3061,99,2452,10,5602,47,5112,55,134

* 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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