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Last Updated on: 18 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 531979 | NSE: HINDALUMI

Hind Aluminium Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 17, 2024, 10:00 pm

Market Cap 49.9 Cr.
Current Price 79.2
High / Low82.3/41.0
Stock P/E3.92
Book Value 122
Dividend Yield0.00 %
ROCE5.58 %
ROE8.34 %
Face Value 10.0
PEG Ratio0.03

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

View Share Price Target for Hind Aluminium Industries Ltd

Competitors of Hind Aluminium Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hind Aluminium Industries Ltd 49.9 Cr. 79.282.3/41.03.92 1220.00 %5.58 %8.34 % 10.0
Arfin India Ltd 617 Cr. 36.562.7/34.869.1 6.060.00 %13.6 %8.91 % 1.00
Manaksia Coated Metals & Industries Ltd 454 Cr. 61.474.8/23.132.2 19.70.08 %15.1 %8.54 % 1.00
Industry Average535.50 Cr59.0335.0749.250.03%11.43%8.60%4.00

All Competitor Stocks of Hind Aluminium Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales12.868.002.191.251.851.410.27-0.430.380.480.140.330.25
Expenses12.306.183.704.363.981.442.7110.570.8213.540.486.850.75
Operating Profit0.561.82-1.51-3.11-2.13-0.03-2.44-11.00-0.44-13.06-0.34-6.52-0.50
OPM %4.35%22.75%-68.95%-248.80%-115.14%-2.13%-903.70%-115.79%-2,720.83%-242.86%-1,975.76%-200.00%
Other Income1.621.241.081.967.965.974.444.137.6312.868.207.703.13
Interest0.731.97-0.103.010.320.37-0.100.190.010.010.030.190.06
Depreciation0.760.770.450.180.370.380.380.260.300.070.080.090.08
Profit before tax0.690.32-0.78-4.345.145.191.72-7.326.88-0.287.750.902.49
Tax %4.35%62.50%-143.59%2.53%23.54%19.08%28.49%-43.17%19.62%-1,507.14%20.90%57.78%4.82%
Net Profit0.660.120.34-4.453.934.201.23-4.165.533.946.130.382.37
EPS in Rs1.371.051.25-5.036.756.783.19-6.028.956.109.730.603.76

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales4987065553989624311
Expenses4806785424021042719622
Operating Profit182714-3-8-2-16-5-20
OPM %4%4%2%-1%-9%-9%-504%-380%-1,702%
Other Income144411131232
Interest815141196100
Depreciation344432110
Profit before tax8130-14-19-9-5611
Tax %25%34%151%-25%-24%-9%-10%-12%
Net Profit592-11-15-351613
EPS in Rs8.4313.656.00-13.56-22.55-1.3510.7025.3820.19
Dividend Payout %19%12%8%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)80.00%-77.78%-650.00%-36.36%80.00%266.67%220.00%
Change in YoY Net Profit Growth (%)0.00%-157.78%-572.22%613.64%116.36%186.67%-46.67%

Hind Aluminium Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-70%
3 Years:-76%
TTM:-26%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:34%
TTM:77%
Stock Price CAGR
10 Years:3%
5 Years:8%
3 Years:27%
1 Year:89%
Return on Equity
10 Years:%
5 Years:-6%
3 Years:1%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 1:27 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital66666666
Reserves7077756551515971
Borrowings9313790103332220
Other Liabilities4856341560-11
Total Liabilities21627720418996796777
Fixed Assets263027242119165
CWIP00000000
Investments1011141517182557
Other Assets18023616415159432616
Total Assets21627720418996796777

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 17-3963197113-0-19
Cash from Investing Activity -2212-2-12-042221
Cash from Financing Activity -128-634-80-17-20-2
Net Cash Flow-51-210-10-11-0

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-75.00-110.00-76.00-106.00-41.00-24.00-18.00-5.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days618352644411417288
Inventory Days3826423453128
Days Payable25241962108
Cash Conversion Cycle748576929513417288
Working Capital Days838878901403891,5291,548
ROCE %14%7%-2%-8%-4%-17%-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters62.12%62.12%62.12%62.12%62.12%62.12%62.12%62.12%66.47%66.47%66.47%66.47%
Public37.88%37.88%37.88%37.88%37.88%37.88%37.87%37.87%33.52%33.52%33.53%33.52%
No. of Shareholders4,5154,6195,1055,4815,3695,3335,3695,3175,4566,0365,8236,216

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)25.378.25-5.29-23.24-16.82
Diluted EPS (Rs.)25.378.25-5.29-23.24-16.82
Cash EPS (Rs.)11.38-4.56-9.07-18.34-11.34
Book Value[Excl.RevalReserv]/Share (Rs.)122.0197.0583.0486.38109.59
Book Value[Incl.RevalReserv]/Share (Rs.)122.0197.0583.0486.38109.59
Revenue From Operations / Share (Rs.)2.104.9238.57151.87631.92
PBDIT / Share (Rs.)10.59-4.08-1.39-11.440.27
PBIT / Share (Rs.)9.74-6.28-4.83-16.17-5.29
PBT / Share (Rs.)9.37-7.51-13.73-30.37-22.50
Net Profit / Share (Rs.)10.53-6.76-12.51-23.07-16.90
NP After MI And SOA / Share (Rs.)25.3710.69-1.35-22.55-13.56
PBDIT Margin (%)503.50-82.89-3.61-7.530.04
PBIT Margin (%)463.09-127.71-12.53-10.64-0.83
PBT Margin (%)445.20-152.70-35.60-19.99-3.56
Net Profit Margin (%)500.57-137.48-32.42-15.19-2.67
NP After MI And SOA Margin (%)1206.16217.39-3.49-14.84-2.14
Return on Networth / Equity (%)20.7910.27-1.48-24.95-12.01
Return on Capital Employeed (%)7.97-6.46-5.19-17.67-4.42
Return On Assets (%)20.6410.04-1.07-14.80-4.51
Long Term Debt / Equity (X)0.000.000.100.050.07
Total Debt / Equity (X)0.000.030.370.551.47
Asset Turnover Ratio (%)0.010.030.260.591.98
Current Ratio (X)16.593.201.740.921.14
Quick Ratio (X)16.593.011.520.600.84
Inventory Turnover Ratio (X)0.000.001.292.717.90
Dividend Payout Ratio (NP) (%)0.000.000.000.00-3.68
Dividend Payout Ratio (CP) (%)0.000.000.000.00-6.25
Earning Retention Ratio (%)0.000.000.000.00103.68
Cash Earning Retention Ratio (%)0.000.000.000.00106.25
Interest Coverage Ratio (X)28.14-3.32-0.15-0.800.01
Interest Coverage Ratio (Post Tax) (X)28.98-4.50-0.40-0.620.01
Enterprise Value (Cr.)28.4620.4836.6544.80107.05
EV / Net Operating Revenue (X)21.476.611.510.460.26
EV / EBITDA (X)4.26-7.97-41.74-6.22624.45
MarketCap / Net Operating Revenue (X)23.388.001.020.210.05
Retention Ratios (%)0.000.000.000.00103.68
Price / BV (X)0.400.370.430.360.28
Price / Net Operating Revenue (X)23.398.001.020.210.05
EarningsYield0.510.27-0.03-0.68-0.41

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hind Aluminium Industries Ltd as of October 18, 2024 is: ₹40.68

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 October 18, 2024, Hind Aluminium Industries Ltd is Overvalued by 48.64% compared to the current share price ₹79.20

Intrinsic Value of Hind Aluminium Industries Ltd as of October 18, 2024 is: ₹86.61

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 October 18, 2024, Hind Aluminium Industries Ltd is Undervalued by 9.36% compared to the current share price ₹79.20

Last 5 Year EPS CAGR: 112.90%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of -4.57 and average Dividend Yield of 62.28%.
  2. The company has higher reserves (64.88 cr) compared to borrowings (60.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -2.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 108.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 102.00, which may not be favorable.
  4. The company has not shown consistent growth in sales (253.56) and profit (-1.00).

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 Hind Aluminium Industries Ltd:
    1. Net Profit Margin: 500.57%
      • 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: 7.97% (Industry Average ROCE: 11.43%)
      • 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%: 20.79% (Industry Average ROE: 8.6%)
      • 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): 28.98
      • 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: 16.59
      • 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: 3.92 (Industry average Stock P/E: 35.07)
      • 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: 0
      • 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

Hind Aluminium Industries Ltd. is a Public Limited Listed company incorporated on 12/05/1987 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28920MH1987PLC043472 and registration number is 043472. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables. Company’s Total Operating Revenue is Rs. 23.58 Cr. and Equity Capital is Rs. 6.30 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium - Sheets/Coils/WiresB-1, Tulsi Vihar, Mumbai Maharashtra 400018hind@associatedgroup.com
http://www.associatedgroup-investors.com
Management
NamePosition Held
Mr. Lalit Kumar DagaChairman
Mr. Shailesh DagaManaging Director
Mr. Ambarish DagaIndependent Director
Mrs. Kiran MundhraIndependent Director

FAQ

What is the latest fair value of Hind Aluminium Industries Ltd?

The latest fair value of Hind Aluminium Industries Ltd is ₹40.68.

What is the Market Cap of Hind Aluminium Industries Ltd?

The Market Cap of Hind Aluminium Industries Ltd is 49.9 Cr..

What is the current Stock Price of Hind Aluminium Industries Ltd as on 18 October 2024?

The current stock price of Hind Aluminium Industries Ltd as on 18 October 2024 is ₹79.2.

What is the High / Low of Hind Aluminium Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hind Aluminium Industries Ltd stocks is 82.3/41.0.

What is the Stock P/E of Hind Aluminium Industries Ltd?

The Stock P/E of Hind Aluminium Industries Ltd is 3.92.

What is the Book Value of Hind Aluminium Industries Ltd?

The Book Value of Hind Aluminium Industries Ltd is 122.

What is the Dividend Yield of Hind Aluminium Industries Ltd?

The Dividend Yield of Hind Aluminium Industries Ltd is 0.00 %.

What is the ROCE of Hind Aluminium Industries Ltd?

The ROCE of Hind Aluminium Industries Ltd is 5.58 %.

What is the ROE of Hind Aluminium Industries Ltd?

The ROE of Hind Aluminium Industries Ltd is 8.34 %.

What is the Face Value of Hind Aluminium Industries Ltd?

The Face Value of Hind Aluminium Industries Ltd is 10.0.

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 Hind Aluminium 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