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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Hindustan Composites Ltd

About the Company - Hindustan Composites Ltd

Hindustan Composites Ltd. is a Public Limited Listed company incorporated on 01/07/1964 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29120MH1964PLC012955 and registration number is 012955. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 232.64 Cr. and Equity Capital is Rs. 7.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - ClutchPeninsula Business Park, 'A' Tower, 8th Floor, Mumbai Maharashtra 400013investor@hindcompo.com
http://www.hindcompo.com
Management
NamePosition Held
Mr. Raghu ModyNon Executive Chairman
Mr. P K ChoudharyManaging Director
Mr. A B VaidyaIndependent Director
Lt. Gen. (Retd.) K S BrarIndependent Director
Mr. Deepak SethiIndependent Director
Mr. Lalit Kumar BarariaIndependent Director
Mrs. Preeti AgrawalIndependent Director
Mr. Vinay SarinAdditional Non Exe.Non Ind.Director

Hindustan Composites Ltd. Share Price Update

Share PriceValue
Today₹414.35
Previous Day₹420.95

Basic Stock Data of Hindustan Composites Ltd

Market Cap 652 Cr.
Current Price 442
High / Low494/237
Stock P/E18.2
Book Value 642
Dividend Yield0.45 %
ROCE3.84 %
ROE3.22 %
Face Value 5.00

Data Source: screener.in

Hindustan Composites Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales44.5151.2758.2949.2550.4066.2766.7273.3061.9869.4377.9875.7071.72
Expenses37.3043.3050.4043.5143.7852.8259.5659.3956.7160.6865.3061.1958.22
Operating Profit7.217.977.895.746.6213.457.1613.915.278.7512.6814.5113.50
OPM %16.20%15.55%13.54%11.65%13.13%20.30%10.73%18.98%8.50%12.60%16.26%19.17%18.82%
Other Income6.080.010.000.080.180.070.050.540.040.030.240.060.64
Interest0.040.060.040.020.010.020.030.040.050.020.020.040.04
Depreciation2.252.182.172.122.152.162.132.182.242.252.062.222.32
Profit before tax11.005.745.683.684.6411.345.0512.233.026.5110.8412.3111.78
Tax %27.45%9.76%3.52%5.71%21.34%11.11%12.87%19.22%11.92%16.59%12.36%18.44%15.62%
Net Profit7.985.185.483.473.6510.084.409.882.665.439.5010.049.94
EPS in Rs5.403.513.712.352.476.832.986.691.803.686.436.806.73

Hindustan Composites Ltd Quarterly Chart

Hindustan Composites Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11593107143153166199197178185233283295
Expenses8499110107123127162172158155195239245
Operating Profit30-6-336303937252030374449
OPM %26%-6%-3%25%20%23%18%13%11%16%16%16%17%
Other Income324330010204-4-21
Interest2010000000000
Depreciation56767899109999
Profit before tax28122230243228181025253341
Tax %24%16%20%13%13%22%10%-4%-17%15%13%16%
Net Profit21101726212525191221222735
EPS in Rs14.146.8911.6217.4314.0016.8217.1812.868.1514.2114.6318.6023.64
Dividend Payout %5%5%6%2%2%2%3%16%25%14%14%11%

Hindustan Composites Ltd Profit & Loss Yearly Chart

Hindustan Composites Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:7%
3 Years:17%
TTM:10%
Compounded Profit Growth
10 Years:15%
5 Years:3%
3 Years:36%
TTM:29%
Stock Price CAGR
10 Years:12%
5 Years:14%
3 Years:10%
1 Year:55%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:3%
Last Year:3%

Hindustan Composites Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555557777777
Reserves493503519544630688733755764812912916941
Borrowings7876555460011
Other Liabilities262831296283888984103837695
Total Liabilities5325445625847027818338568619231,0031,0001,045
Fixed Assets48115114115120124122125122116113111130
CWIP43100000000004
Investments282341363386473541613617625687796807835
Other Assets15887858310911698113113120948277
Total Assets5325445625847027818338568619231,0031,0001,045

Hindustan Composites Ltd Reserves and Borrowings Chart

Hindustan Composites Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 105411811535492216
Cash from Investing Activity 3-12-1-8-6-9-54-330-13-21
Cash from Financing Activity -11-1-3-3-1-1-1-3-1-9-3-2
Net Cash Flow2-8-0111-2-1617-8

Hindustan Composites Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days497491596359636370835951
Inventory Days785854445158535466594838
Days Payable60838575101166164154166198151110
Cash Conversion Cycle6849602814-49-48-36-31-55-44-21
Working Capital Days318128131106811091031011081433943
ROCE %5%2%4%5%4%5%4%2%1%3%3%4%

Hindustan Composites Ltd Financial Efficiency Indicators Chart

Hindustan Composites Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%74.97%
FIIs0.02%0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%
DIIs0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public24.99%24.99%25.01%25.01%25.01%25.01%25.01%25.01%25.01%25.01%25.00%24.97%
No. of Shareholders15,60913,89014,46914,51414,66414,98615,11515,16014,86114,69514,97515,329

Hindustan Composites Ltd Shareholding Pattern Chart

No. of Hindustan Composites Ltd Shareholders

This stock is not held by any mutual fund

Hindustan Composites Ltd ROCE Trend

Hindustan Composites Ltd EPS Trend

Hindustan Composites Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)18.6014.6313.357.0911.88
Diluted EPS (Rs.)18.6014.6313.357.0911.88
Cash EPS (Rs.)24.5120.4220.2214.5818.79
Book Value[Excl.RevalReserv]/Share (Rs.)623.50621.07553.18515.30510.40
Book Value[Incl.RevalReserv]/Share (Rs.)623.50621.07553.18515.30510.40
Revenue From Operations / Share (Rs.)191.41157.52124.98120.56133.13
PBDIT / Share (Rs.)28.0722.5922.9213.5718.42
PBIT / Share (Rs.)22.1616.7916.927.1312.50
PBT / Share (Rs.)22.0716.7316.796.9812.35
Net Profit / Share (Rs.)18.6014.6314.218.1512.87
NP After MI And SOA / Share (Rs.)18.6014.6313.357.0911.88
PBDIT Margin (%)14.6614.3318.3411.2513.83
PBIT Margin (%)11.5710.6513.535.919.38
PBT Margin (%)11.5310.6213.435.799.27
Net Profit Margin (%)9.719.2811.376.759.66
NP After MI And SOA Margin (%)9.719.2810.685.888.92
Return on Networth / Equity (%)2.982.352.411.372.32
Return on Capital Employeed (%)3.432.592.851.302.29
Return On Assets (%)2.742.152.141.232.07
Total Debt / Equity (X)0.000.000.000.010.00
Asset Turnover Ratio (%)0.280.240.200.200.23
Current Ratio (X)2.402.313.503.023.23
Quick Ratio (X)2.122.033.222.712.93
Inventory Turnover Ratio (X)9.838.356.015.907.43
Dividend Payout Ratio (NP) (%)10.7513.6714.9728.204.20
Dividend Payout Ratio (CP) (%)8.159.7910.3314.782.80
Earning Retention Ratio (%)89.2586.3385.0371.8095.80
Cash Earning Retention Ratio (%)91.8590.2189.6785.2297.20
Interest Coverage Ratio (X)327.17427.64172.8289.83122.15
Interest Coverage Ratio (Post Tax) (X)217.83277.94108.1554.9486.32
Enterprise Value (Cr.)360.36388.94389.08157.92316.48
EV / Net Operating Revenue (X)1.271.672.110.881.61
EV / EBITDA (X)8.6911.6611.497.8811.63
MarketCap / Net Operating Revenue (X)1.281.682.120.891.60
Retention Ratios (%)89.2486.3285.0271.7995.79
Price / BV (X)0.390.420.470.200.41
Price / Net Operating Revenue (X)1.281.682.120.891.60
EarningsYield0.070.050.050.060.05

Hindustan Composites Ltd Profitability Ratios (%)

Hindustan Composites Ltd Liquidity Ratios

Hindustan Composites Ltd Liquidity Ratios (%)

Hindustan Composites Ltd Interest Coverage Ratios (%)

Hindustan Composites Ltd Valuation Ratios

Fair Value of Hindustan Composites Ltd Stock

Fair Value: ₹377.93

The stock is overvalued by 14.50% compared to the current price ₹442

*Investments are subject to market risks

Strength and Weakness of Hindustan Composites Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -5.42, which is a positive sign.
  2. The company has higher reserves (708.46 cr) compared to borrowings (4.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (180.54 cr) and profit (25.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 15.10 and average Dividend Yield of 10.21%.
  2. The stock has a low average ROCE of 3.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 117.50, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Hindustan Composites Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE