Hindustan Tin Works Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 8:13 pm

Market Cap	212 Cr.
Current Price	204
High / Low	249/132
Stock P/E	15.0
Book Value	201
Dividend Yield	0.59 %
ROCE	11.1 %
ROE	8.65 %
Face Value	10.0
PEG Ratio	-22.57

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Hindustan Tin Works Ltd

Competitors of Hindustan Tin Works Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hindustan Tin Works Ltd	212 Cr.	204	249/132	15.0	201	0.59 %	11.1 %	8.65 %	10.0
HCP Plastene Bulkpack Ltd	169 Cr.	158	294/147	44.5	49.4	0.00 %	5.83 %	0.30 %	10.0
Gujarat Containers Ltd	101 Cr.	178	200/142	11.7	83.6	0.84 %	22.7 %	22.9 %	10.0
Goblin India Ltd	47.0 Cr.	34.0	82.4/29.2	12.1	31.8	0.00 %	8.18 %	6.90 %	10.0
G K P Printing & Packaging Ltd	18.5 Cr.	8.40	16.0/7.53		9.98	0.00 %	5.50 %	7.89 %	10.0
Industry Average	2,933.94 Cr	444.41		38.91	166.57	0.24%	12.21%	33.26%	7.36

All Competitor Stocks of Hindustan Tin Works Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	104.80	108.32	90.20	105.69	155.13	146.71	81.73	81.05	117.25	116.29	98.04	87.77	106.89
Expenses	94.42	97.86	83.31	101.46	146.56	136.28	74.41	75.96	108.65	106.15	88.10	87.63	102.04
Operating Profit	10.38	10.46	6.89	4.23	8.57	10.43	7.32	5.09	8.60	10.14	9.94	0.14	4.85
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 Income	0.99	1.19	0.88	1.80	2.35	2.40	1.16	1.59	0.89	2.02	0.95	6.15	1.51
Interest	2.45	2.22	1.63	1.72	2.62	2.35	1.44	1.45	2.05	1.56	1.64	2.20	2.07
Depreciation	1.92	1.96	1.97	2.01	2.03	1.99	2.07	2.09	2.06	2.02	2.10	2.16	2.01
Profit before tax	7.00	7.47	4.17	2.30	6.27	8.49	4.97	3.14	5.38	8.58	7.15	1.93	2.28
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 Profit	4.99	4.62	2.43	3.15	4.23	5.63	2.63	4.00	2.25	6.44	5.32	3.02	1.64
EPS in Rs	4.80	4.44	2.34	3.03	4.07	5.41	2.53	3.85	2.16	6.19	5.12	2.90	1.58

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: November 22, 2024, 2:21 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	272	313	317	297	265	316	336	298	326	409	464	417	402
Expenses	250	287	291	273	242	293	310	277	294	376	432	389	379
Operating Profit	23	26	26	24	23	23	26	20	32	33	31	29	23
OPM %	8%	8%	8%	8%	9%	7%	8%	7%	10%	8%	7%	7%	6%
Other Income	3	2	5	12	4	11	5	5	5	5	8	10	10
Interest	10	10	10	9	9	10	11	10	9	9	8	7	7
Depreciation	4	5	7	8	8	8	8	9	8	8	8	8	8
Profit before tax	11	13	13	19	10	16	13	7	20	21	23	23	17
Tax %	33%	38%	35%	26%	32%	38%	38%	-4%	26%	27%	28%	26%
Net Profit	7	8	9	14	7	10	8	8	15	15	16	17	14
EPS in Rs	7.07	8.09	8.23	13.48	6.76	9.27	7.59	7.32	14.03	14.61	15.87	16.39	13.57
Dividend Payout %	7%	10%	12%	7%	15%	11%	13%	8%	9%	8%	8%	7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
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:	10%
5 Years:	33%
3 Years:	27%
1 Year:	12%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	9%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:30 pm

Month	Mar 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	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	86	94	99	112	119	127	134	140	155	168	179	194	199
Borrowings	70	84	104	105	80	111	102	68	89	84	73	82	75
Other Liabilities	46	54	56	41	50	48	32	45	43	47	26	29	45
Total Liabilities	212	243	269	268	259	297	278	263	297	310	288	316	329
Fixed Assets	63	68	71	85	82	79	78	81	75	76	92	101	102
CWIP	3	6	7	1	0	2	7	2	2	5	2	8	16
Investments	3	3	3	0	0	12	12	12	12	11	5	5	5
Other Assets	142	165	188	182	176	204	182	169	208	218	189	202	206
Total Assets	212	243	269	268	259	297	278	263	297	310	288	316	329

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	6	22	5	13	35	-6	29	50	-12	26	36	19
Cash from Investing Activity +	-4	-10	-11	0	-3	-14	-7	-5	-1	-10	-17	-19
Cash from Financing Activity +	-2	-6	8	-12	-37	20	-21	-46	11	-14	-20	1
Net Cash Flow	-1	6	2	1	-6	0	0	-1	-2	1	-2	0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 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

Month	Mar 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	105	106	118	124	126	119	110	128	125	96	86	89
Inventory Days	63	63	76	65	95	93	71	61	96	90	59	92
Days Payable	57	60	61	42	60	46	23	50	41	36	14	19
Cash Conversion Cycle	111	109	133	148	161	166	158	139	180	150	132	163
Working Capital Days	122	119	135	150	159	167	142	145	184	147	125	149
ROCE %	13%	13%	12%	9%	9%	10%	9%	7%	12%	11%	12%	11%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	40.24%	40.48%	40.77%	40.80%	40.84%	41.02%	41.02%	41.05%	41.05%	41.05%	41.05%	41.05%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.00%	0.00%	0.05%
DIIs	9.83%	9.83%	9.83%	9.83%	9.83%	9.83%	9.83%	9.83%	9.35%	8.91%	8.91%	8.14%
Public	49.94%	49.70%	49.41%	49.37%	49.33%	49.15%	49.16%	49.12%	49.42%	50.04%	50.03%	50.76%
No. of Shareholders	11,516	11,556	11,485	12,147	12,056	11,931	11,748	11,433	11,614	11,634	11,779	11,460

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	16.28	11.29	14.30	14.41	7.22
Diluted EPS (Rs.)	16.28	11.29	14.30	14.41	7.22
Cash EPS (Rs.)	24.40	23.73	22.16	22.11	15.56
Book Value[Excl.RevalReserv]/Share (Rs.)	197.03	181.94	171.85	158.76	144.95
Book Value[Incl.RevalReserv]/Share (Rs.)	197.03	181.94	171.85	158.76	144.95
Dividend / Share (Rs.)	1.20	1.20	1.20	1.20	0.60
Revenue From Operations / Share (Rs.)	403.24	446.76	393.29	313.38	286.24
PBDIT / Share (Rs.)	37.33	37.43	35.40	35.56	24.54
PBIT / Share (Rs.)	29.32	29.55	27.85	27.48	16.29
PBT / Share (Rs.)	22.16	21.98	20.14	18.87	7.07
Net Profit / Share (Rs.)	16.39	15.86	14.61	14.03	7.32
PBDIT Margin (%)	9.25	8.37	9.00	11.34	8.57
PBIT Margin (%)	7.27	6.61	7.08	8.76	5.69
PBT Margin (%)	5.49	4.92	5.12	6.02	2.46
Net Profit Margin (%)	4.06	3.55	3.71	4.47	2.55
Return on Networth / Equity (%)	8.31	8.71	8.49	8.83	5.04
Return on Capital Employeed (%)	12.74	14.06	14.35	15.07	9.53
Return On Assets (%)	5.39	5.72	4.90	4.92	2.89
Long Term Debt / Equity (X)	0.15	0.13	0.09	0.10	0.12
Total Debt / Equity (X)	0.40	0.38	0.46	0.49	0.39
Asset Turnover Ratio (%)	1.39	1.55	1.35	1.16	1.10
Current Ratio (X)	2.58	2.67	1.97	1.91	1.96
Quick Ratio (X)	1.57	1.82	1.25	1.31	1.51
Inventory Turnover Ratio (X)	4.39	4.72	4.12	3.71	4.13
Interest Coverage Ratio (X)	5.21	4.95	4.60	4.13	2.66
Interest Coverage Ratio (Post Tax) (X)	3.29	3.10	2.90	2.63	1.79
Enterprise Value (Cr.)	247.14	163.40	162.46	145.83	86.61
EV / Net Operating Revenue (X)	0.58	0.35	0.39	0.44	0.29
EV / EBITDA (X)	6.37	4.20	4.41	3.94	3.39
MarketCap / Net Operating Revenue (X)	0.39	0.20	0.20	0.20	0.10
Price / BV (X)	0.81	0.50	0.47	0.41	0.20
Price / Net Operating Revenue (X)	0.39	0.20	0.20	0.20	0.10
EarningsYield	0.10	0.17	0.18	0.21	0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Hindustan Tin Works Ltd as of December 18, 2024 is: 262.34

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 December 18, 2024, Hindustan Tin Works Ltd is Undervalued by 28.60% compared to the current share price 204.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Hindustan Tin Works Ltd as of December 18, 2024 is: 260.60

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 December 18, 2024, Hindustan Tin Works Ltd is Undervalued by 27.75% compared to the current share price 204.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -0.66%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (138.92 cr) compared to borrowings (86.69 cr), indicating strong financial stability. The company has shown consistent growth in sales (340.92 cr) and profit (15.85 cr) over the years.	The stock has a low average ROCE of 10.67%, which may not be favorable. The stock has a high average Working Capital Days of 145.33, which may not be favorable. 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: 11.94%)
  - 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: 29.57%)
  - 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: 15 (Industry average Stock P/E: 27.67)
  - 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.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	426, DLF Tower-A, New Delhi Delhi 110025	info@hindustantin.co.in http://www.hindustantin.biz

Management
Name	Position Held
Mr. Ashok Kumar Bhatia	Chairman
Mr. Sanajy Bhatia	Managing Director
Mr. P P Singh	Whole Time Director
Mr. Vipin Aggarwal	Director
Mr. Sanjeev Kumar Abrol	Director
Mrs. Sushmita Singha	Director

FAQ

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

The latest intrinsic value of Hindustan Tin Works Ltd as on 18 December 2024 is ₹262.34, which is 28.60% higher than the current market price of ₹204.00. The stock has a market capitalization of 212 Cr. and recorded a high/low of ₹249/132 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹199 Cr and total liabilities of ₹329 Cr.

What is the Market Cap of Hindustan Tin Works Ltd?

The Market Cap of Hindustan Tin Works Ltd is 212 Cr..

What is the current Stock Price of Hindustan Tin Works Ltd as on 18 December 2024?

The current stock price of Hindustan Tin Works Ltd as on 18 December 2024 is 204.

What is the High / Low of Hindustan Tin Works Ltd stocks in FY 2024-2025?

In FY 2024-2025, 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 15.0.

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 0.59 %.

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.