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Last Updated on: 20 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 515145 | NSE: HINDNATGLS

Hindusthan National Glass & Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 7:02 pm

Market Cap 208 Cr.
Current Price 23.6
High / Low31.5/15.8
Stock P/E1.22
Book Value 86.3
Dividend Yield0.00 %
ROCE19.9 %
ROE%
Face Value 2.00
PEG Ratio0.01

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Hindusthan National Glass & Industries Ltd

Competitors of Hindusthan National Glass & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Haldyn Glass Ltd 847 Cr. 158189/11837.1 38.50.44 %12.9 %9.75 % 1.00
Hindusthan National Glass & Industries Ltd 208 Cr. 23.631.5/15.81.22 86.30.00 %19.9 %% 2.00
Industry Average527.50 Cr90.8019.1662.400.22%16.40%9.75%1.50

All Competitor Stocks of Hindusthan National Glass & Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales425494585592634572589661701612617622554
Expenses414484646686741647575607610534558560494
Operating Profit119-61-94-107-7514549178606260
OPM %3%2%-10%-16%-17%-13%2%8%13%13%10%10%11%
Other Income31427344322108-756
Interest52521343821530111
Depreciation30303029302825232323232019
Profit before tax-68-58-102-121-137-107-819876545-3446
Tax %0%-0%0%0%0%0%0%2%0%0%0%-4%-0%
Net Profit-68-58-102-121-137-107-819876545-3346
EPS in Rs-7.54-6.50-11.39-13.49-15.35-11.95-0.852.099.727.254.98-3.715.19

Last Updated: October 9, 2024, 3:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 9, 2024, 3:16 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,8261,8141,9981,9791,8541,9602,3922,2861,8992,0872,4572,5522,405
Expenses1,6691,6361,7831,7121,6601,8482,2612,0241,8552,2282,5712,2622,146
Operating Profit15717821426719311313126344-141-113290259
OPM %9%10%11%13%10%6%5%11%2%-7%-5%11%11%
Other Income-18663593210716-33214-35-51
Interest2042572592552382522532332101202742
Depreciation1982472541991751611591481341191068884
Profit before tax-246-239-236-182-127-298-173-103-304-349-233162122
Tax %-30%-9%0%0%0%-1%0%-0%0%0%0%-1%
Net Profit-172-218-237-182-127-295-173-103-304-349-233163123
EPS in Rs-19.67-24.98-27.14-20.87-14.55-32.89-19.31-11.50-33.96-38.92-26.0518.2413.71
Dividend Payout %-1%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-26.74%-8.72%23.21%30.22%-132.28%41.36%40.46%-195.15%-14.80%33.24%169.96%
Change in YoY Net Profit Growth (%)0.00%18.03%31.92%7.01%-162.50%173.64%-0.89%-235.61%180.34%48.04%136.72%

Hindusthan National Glass & Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:10%
TTM:-13%
Compounded Profit Growth
10 Years:11%
5 Years:25%
3 Years:43%
TTM:5%
Stock Price CAGR
10 Years:-15%
5 Years:-4%
3 Years:-4%
1 Year:44%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital17171717171818181818181818
Reserves983749495505377129-39-143-450-784-1,016-850-791
Borrowings2,6972,5612,6972,6022,5682,5302,3912,4452,2552,2252,2642,2642,264
Other Liabilities7116466625956236388098631,1871,4841,5921,4681,448
Total Liabilities4,4083,9743,8703,7203,5863,3153,1793,1843,0102,9422,8582,9002,939
Fixed Assets2,6872,5052,3072,4242,2942,1462,0371,9261,7751,6821,6311,4461,409
CWIP14814612175100125110878683242930
Investments18114523310836362211111
Other Assets1,3921,1781,2101,1131,1551,0081,0301,1691,1481,1761,2011,4241,499
Total Assets4,4083,9743,8703,7203,5863,3153,1793,1843,0102,9422,8582,9002,939

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +61338180308166249219-701983853176
Cash from Investing Activity +-457118-755296-439614-1413-1
Cash from Financing Activity +423-465-130-356-265-205-1665-134-35-20
Net Cash Flow27-9-254-31149-5150454175

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow155.00176.00212.00265.00191.00111.00129.00261.0042.00-143.00-115.00288.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days987579777973565166614444
Inventory Days461361284287407264178240284208161257
Days Payable300264228250306247165117175220205221
Cash Conversion Cycle259173135115179907017517548179
Working Capital Days522352757112-71-118-42-84-98-73
ROCE %-1%-2%-1%2%1%-2%-0%6%-4%-14%-15%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters70.73%70.73%70.73%70.73%70.72%70.72%70.72%70.72%70.72%70.72%70.72%70.72%
FIIs0.00%0.00%0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.27%29.27%28.94%29.27%29.28%29.27%29.26%29.27%29.27%29.26%29.27%29.27%
No. of Shareholders6,4237,26713,30214,37714,26814,11513,78313,35512,72012,05811,82811,567

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-32.28-13.10-17.45-27.26-22.53
Diluted EPS (Rs.)-32.28-13.10-17.45-27.26-22.53
Cash EPS (Rs.)-14.926.258.506.6213.05
Book Value[Excl.RevalReserv]/Share (Rs.)17.8045.5759.0844.3173.44
Book Value[Incl.RevalReserv]/Share (Rs.)17.8045.5759.0854.4083.90
Revenue From Operations / Share (Rs.)215.22213.03258.14266.76249.14
PBDIT / Share (Rs.)12.8021.8939.9039.4443.17
PBIT / Share (Rs.)-5.171.8713.275.569.78
PBT / Share (Rs.)-33.29-13.77-17.80-27.15-23.01
Net Profit / Share (Rs.)-32.89-13.77-18.13-27.26-20.35
NP After MI And SOA / Share (Rs.)-31.83-13.10-17.45-27.26-22.53
PBDIT Margin (%)5.9410.2715.4514.7817.32
PBIT Margin (%)-2.400.875.142.083.92
PBT Margin (%)-15.46-6.46-6.89-10.17-9.23
Net Profit Margin (%)-15.28-6.46-7.02-10.21-8.16
NP After MI And SOA Margin (%)-14.78-6.14-6.75-10.21-9.04
Return on Networth / Equity (%)-178.80-28.74-29.53-61.52-30.67
Return on Capital Employeed (%)-2.530.704.271.913.08
Return On Assets (%)-8.56-3.18-3.81-5.69-4.42
Long Term Debt / Equity (X)10.344.754.215.253.14
Total Debt / Equity (X)14.096.075.257.054.04
Asset Turnover Ratio (%)0.550.490.500.480.41
Current Ratio (X)0.650.870.930.850.77
Quick Ratio (X)0.320.400.450.470.40
Inventory Turnover Ratio (X)1.090.981.131.090.97
Interest Coverage Ratio (X)0.450.801.281.211.32
Interest Coverage Ratio (Post Tax) (X)-0.160.060.410.160.37
Enterprise Value (Cr.)3199.303335.473384.163670.823866.43
EV / Net Operating Revenue (X)1.661.791.501.581.78
EV / EBITDA (X)27.9117.459.7110.6610.25
MarketCap / Net Operating Revenue (X)0.490.490.300.400.60
Price / BV (X)6.032.321.342.462.04
Price / Net Operating Revenue (X)0.490.490.300.400.60
EarningsYield-0.29-0.12-0.22-0.25-0.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hindusthan National Glass & Industries Ltd as of November 20, 2024 is: 16.11

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 20, 2024, Hindusthan National Glass & Industries Ltd is Overvalued by 31.74% compared to the current share price 23.60

Default values used*: Default value of 15% for ROE is used

Intrinsic Value of Hindusthan National Glass & Industries Ltd as of November 20, 2024 is: 35.04

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 20, 2024, Hindusthan National Glass & Industries Ltd is Undervalued by 48.47% compared to the current share price 23.60

Default values used*: Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 117.50%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -16.75, which is a positive sign.
  1. The stock has a low average ROCE of -0.83%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 124.92, which may not be favorable.
  3. The company has higher borrowings (2,443.31) compared to reserves (-64.23), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (1.46) and profit (-169.69).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Hindusthan National Glass & Industries Ltd:
    1. Net Profit Margin: -15.28%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -2.53% (Industry Average ROCE: 16.4%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -178.8% (Industry Average ROE: 9.75%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.16
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.32
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 1.22 (Industry average Stock P/E: 19.16)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 14.09
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Hindusthan National Glass & Industries Ltd. is a Public Limited Listed company incorporated on 23/02/1946 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L26109WB1946PLC013294 and registration number is 013294. Currently company belongs to the Industry of Glass & Glass Products. Company’s Total Operating Revenue is Rs. 2097.00 Cr. and Equity Capital is Rs. 17.91 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Glass & Glass Products2, Red Cross Place, Kolkata West Bengal 700001cosec@hngil.com
http://www.hngil.com
Management
NamePosition Held
Mr. Amal Chandra SahaIndependent Director
Mrs. Rita BhimaniIndependent Director
Mr. Neeraj Kumar SurekaIndependent Director

FAQ

What is the latest intrinsic value of Hindusthan National Glass & Industries Ltd?

The latest intrinsic value of Hindusthan National Glass & Industries Ltd as on 19 November 2024 is ₹16.11, which is 31.74% lower than the current market price of ₹23.60.

What is the Market Cap of Hindusthan National Glass & Industries Ltd?

The Market Cap of Hindusthan National Glass & Industries Ltd is 208 Cr..

What is the current Stock Price of Hindusthan National Glass & Industries Ltd as on 19 November 2024?

The current stock price of Hindusthan National Glass & Industries Ltd as on 19 November 2024 is ₹23.6.

What is the High / Low of Hindusthan National Glass & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hindusthan National Glass & Industries Ltd stocks is 31.5/15.8.

What is the Stock P/E of Hindusthan National Glass & Industries Ltd?

The Stock P/E of Hindusthan National Glass & Industries Ltd is 1.22.

What is the Book Value of Hindusthan National Glass & Industries Ltd?

The Book Value of Hindusthan National Glass & Industries Ltd is 86.3.

What is the Dividend Yield of Hindusthan National Glass & Industries Ltd?

The Dividend Yield of Hindusthan National Glass & Industries Ltd is 0.00 %.

What is the ROCE of Hindusthan National Glass & Industries Ltd?

The ROCE of Hindusthan National Glass & Industries Ltd is 19.9 %.

What is the ROE of Hindusthan National Glass & Industries Ltd?

The ROE of Hindusthan National Glass & Industries Ltd is %.

What is the Face Value of Hindusthan National Glass & Industries Ltd?

The Face Value of Hindusthan National Glass & Industries Ltd is 2.00.

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 Hindusthan National Glass & Industries 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