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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 530315 | NSE: HINDTIN

Hindustan Tin Works Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:32 pm

Market Cap 176 Cr.
Current Price 169
High / Low249/132
Stock P/E12.4
Book Value 201
Dividend Yield0.71 %
ROCE11.1 %
ROE8.65 %
Face Value 10.0
PEG Ratio5.18

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

View Share Price Target for Hindustan Tin Works Ltd

Competitors of Hindustan Tin Works Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hindustan Tin Works Ltd 176 Cr. 169249/13212.4 2010.71 %11.1 %8.65 % 10.0
HCP Plastene Bulkpack Ltd 181 Cr. 170294/14747.8 49.40.00 %5.83 %0.30 % 10.0
Gujarat Containers Ltd 93.6 Cr. 166200/14210.9 83.60.90 %22.7 %22.9 % 10.0
Goblin India Ltd 48.2 Cr. 34.882.4/29.212.4 31.80.00 %8.18 %6.90 % 10.0
G K P Printing & Packaging Ltd 19.2 Cr. 8.7516.6/7.53 9.980.00 %5.50 %7.89 % 10.0
Industry Average2,702.25 Cr414.1936.02182.070.26%12.94%38.23%7.42

All Competitor Stocks of Hindustan Tin Works Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales104.80108.3290.20105.69155.13146.7181.7381.05117.25116.2998.0487.77106.89
Expenses94.4297.8683.31101.46146.56136.2874.4175.96108.65106.1588.1087.63102.04
Operating Profit10.3810.466.894.238.5710.437.325.098.6010.149.940.144.85
OPM %9.90%9.66%7.64%4.00%5.52%7.11%8.96%6.28%7.33%8.72%10.14%0.16%4.54%
Other Income0.991.190.881.802.352.401.161.590.892.020.956.151.51
Interest2.452.221.631.722.622.351.441.452.051.561.642.202.07
Depreciation1.921.961.972.012.031.992.072.092.062.022.102.162.01
Profit before tax7.007.474.172.306.278.494.973.145.388.587.151.932.28
Tax %28.71%38.29%41.73%-36.52%32.54%33.57%47.08%-27.39%57.99%24.94%25.59%-56.48%28.07%
Net Profit4.994.622.433.154.235.632.634.002.256.445.323.021.64
EPS in Rs4.804.442.343.034.075.412.533.852.166.195.122.901.58

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales272313317297265316336298326409464417409
Expenses250287291273242293310277294376432389384
Operating Profit23262624232326203233312925
OPM %8%8%8%8%9%7%8%7%10%8%7%7%6%
Other Income32512411555581011
Interest1010109910111099877
Depreciation4578888988888
Profit before tax1113131910161372021232320
Tax %33%38%35%26%32%38%38%-4%26%27%28%26%
Net Profit78914710881515161716
EPS in Rs7.078.098.2313.486.769.277.597.3214.0314.6115.8716.3915.79
Dividend Payout %7%10%12%7%15%11%13%8%9%8%8%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)14.29%12.50%55.56%-50.00%42.86%-20.00%0.00%87.50%0.00%6.67%6.25%
Change in YoY Net Profit Growth (%)0.00%-1.79%43.06%-105.56%92.86%-62.86%20.00%87.50%-87.50%6.67%-0.42%

Hindustan Tin Works 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:4%
3 Years:9%
TTM:2%
Compounded Profit Growth
10 Years:7%
5 Years:17%
3 Years:5%
TTM:-8%
Stock Price CAGR
10 Years:7%
5 Years:30%
3 Years:17%
1 Year:-5%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:9%
Last Year:9%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital101010101010101010101010
Reserves869499112119127134140155168179194
Borrowings7084104105801111026889847382
Other Liabilities465456415048324543472629
Total Liabilities212243269268259297278263297310288316
Fixed Assets6368718582797881757692101
CWIP367102722528
Investments33300121212121155
Other Assets142165188182176204182169208218189202
Total Assets212243269268259297278263297310288316

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +62251335-62950-12263619
Cash from Investing Activity +-4-10-110-3-14-7-5-1-10-17-19
Cash from Financing Activity +-2-68-12-3720-21-4611-14-201
Net Cash Flow-1621-600-1-21-20

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-47.00-58.00-78.00-81.00-57.00-88.00-76.00-48.00-57.00-51.00-42.00-53.00

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 Days105106118124126119110128125968689
Inventory Days636376659593716196905992
Days Payable576061426046235041361419
Cash Conversion Cycle111109133148161166158139180150132163
Working Capital Days122119135150159167142145184147125149
ROCE %13%13%12%9%9%10%9%7%12%11%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters40.24%40.48%40.77%40.80%40.84%41.02%41.02%41.05%41.05%41.05%41.05%41.05%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.18%0.00%0.00%0.05%
DIIs9.83%9.83%9.83%9.83%9.83%9.83%9.83%9.83%9.35%8.91%8.91%8.14%
Public49.94%49.70%49.41%49.37%49.33%49.15%49.16%49.12%49.42%50.04%50.03%50.76%
No. of Shareholders11,51611,55611,48512,14712,05611,93111,74811,43311,61411,63411,77911,460

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.)16.2811.2914.3014.417.22
Diluted EPS (Rs.)16.2811.2914.3014.417.22
Cash EPS (Rs.)24.4023.7322.1622.1115.56
Book Value[Excl.RevalReserv]/Share (Rs.)197.03181.94171.85158.76144.95
Book Value[Incl.RevalReserv]/Share (Rs.)197.03181.94171.85158.76144.95
Dividend / Share (Rs.)1.201.201.201.200.60
Revenue From Operations / Share (Rs.)403.24446.76393.29313.38286.24
PBDIT / Share (Rs.)37.3337.4335.4035.5624.54
PBIT / Share (Rs.)29.3229.5527.8527.4816.29
PBT / Share (Rs.)22.1621.9820.1418.877.07
Net Profit / Share (Rs.)16.3915.8614.6114.037.32
PBDIT Margin (%)9.258.379.0011.348.57
PBIT Margin (%)7.276.617.088.765.69
PBT Margin (%)5.494.925.126.022.46
Net Profit Margin (%)4.063.553.714.472.55
Return on Networth / Equity (%)8.318.718.498.835.04
Return on Capital Employeed (%)12.7414.0614.3515.079.53
Return On Assets (%)5.395.724.904.922.89
Long Term Debt / Equity (X)0.150.130.090.100.12
Total Debt / Equity (X)0.400.380.460.490.39
Asset Turnover Ratio (%)1.391.551.351.161.10
Current Ratio (X)2.582.671.971.911.96
Quick Ratio (X)1.571.821.251.311.51
Inventory Turnover Ratio (X)4.394.724.123.714.13
Interest Coverage Ratio (X)5.214.954.604.132.66
Interest Coverage Ratio (Post Tax) (X)3.293.102.902.631.79
Enterprise Value (Cr.)247.14163.40162.46145.8386.61
EV / Net Operating Revenue (X)0.580.350.390.440.29
EV / EBITDA (X)6.374.204.413.943.39
MarketCap / Net Operating Revenue (X)0.390.200.200.200.10
Price / BV (X)0.810.500.470.410.20
Price / Net Operating Revenue (X)0.390.200.200.200.10
EarningsYield0.100.170.180.210.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hindustan Tin Works Ltd as of November 17, 2024 is: 217.12

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 17, 2024, Hindustan Tin Works Ltd is Undervalued by 28.47% compared to the current share price 169.00

Intrinsic Value of Hindustan Tin Works Ltd as of November 17, 2024 is: 222.31

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 17, 2024, Hindustan Tin Works Ltd is Undervalued by 31.54% compared to the current share price 169.00

Last 5 Year EPS CAGR: 2.39%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (133.92 cr) compared to borrowings (87.67 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (341.46 cr) and profit (16.08 cr) over the years.
  1. The stock has a low average ROCE of 10.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 145.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 145.83, which may not be favorable.

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 Hindustan Tin Works Ltd:
    1. Net Profit Margin: 4.06%
      • 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: 12.74% (Industry Average ROCE: 12.94%)
      • 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%: 8.31% (Industry Average ROE: 38.23%)
      • 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): 3.29
      • 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: 1.57
      • 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: 12.4 (Industry average Stock P/E: 36.02)
      • 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: 0.4
      • 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

Hindustan Tin Works Ltd. is a Public Limited Listed company incorporated on 11/12/1958 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L27109DL1958PLC003006 and registration number is 003006. Currently Company is involved in the business activities of Manufacture of containers such as tins and cans for food products and boxes. Company’s Total Operating Revenue is Rs. 409.02 Cr. and Equity Capital is Rs. 10.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers426, DLF Tower-A, New Delhi Delhi 110025info@hindustantin.co.in
http://www.hindustantin.biz
Management
NamePosition Held
Mr. Ashok Kumar BhatiaChairman
Mr. Sanajy BhatiaManaging Director
Mr. P P SinghWhole Time Director
Mr. Vipin AggarwalDirector
Mr. Sanjeev Kumar AbrolDirector
Mrs. Sushmita SinghaDirector

FAQ

What is the latest intrinsic value of Hindustan Tin Works Ltd?

The latest intrinsic value of Hindustan Tin Works Ltd as on 16 November 2024 is ₹217.12, which is 28.47% higher than the current market price of ₹169.00.

What is the Market Cap of Hindustan Tin Works Ltd?

The Market Cap of Hindustan Tin Works Ltd is 176 Cr..

What is the current Stock Price of Hindustan Tin Works Ltd as on 16 November 2024?

The current stock price of Hindustan Tin Works Ltd as on 16 November 2024 is ₹169.

What is the High / Low of Hindustan Tin Works Ltd stocks in FY 2024?

In FY 2024, the High / Low of Hindustan Tin Works Ltd stocks is 249/132.

What is the Stock P/E of Hindustan Tin Works Ltd?

The Stock P/E of Hindustan Tin Works Ltd is 12.4.

What is the Book Value of Hindustan Tin Works Ltd?

The Book Value of Hindustan Tin Works Ltd is 201.

What is the Dividend Yield of Hindustan Tin Works Ltd?

The Dividend Yield of Hindustan Tin Works Ltd is 0.71 %.

What is the ROCE of Hindustan Tin Works Ltd?

The ROCE of Hindustan Tin Works Ltd is 11.1 %.

What is the ROE of Hindustan Tin Works Ltd?

The ROE of Hindustan Tin Works Ltd is 8.65 %.

What is the Face Value of Hindustan Tin Works Ltd?

The Face Value of Hindustan Tin Works 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 Hindustan Tin Works 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