Hindustan Composites Ltd.
Snapshot View

284.75 -2.25 ▼-0.8%

20 May 2022, 04:01:00 PM
Volume: 1,061

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.hindcompo.com
Market Cap 422.84 Cr.
Enterprise Value(EV) 419.04 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 15.29 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 18.62 Trailing Twelve Months Ending 2021-12
Industry PE 42.22 Trailing Twelve Months Ending 2021-12
Book Value / Share 593.07 Trailing Twelve Months Ending 2021-12
Price to Book Value 0.48 Calculated using Price: 284.75
Dividend Yield 0.70 Period Ending 2021-03
No. of Shares Subscribed 1.48 Cr. 14,769,000 Shares
FaceValue 5
Company Profile

The company was incorporated on July 1, 1964. The certificate of commencement of business was obtained on August 19, 1964. It was jointly promoted by Turner & Newall, Manchester, a wholly owned subsidiary of Turner & Newall, with 74% equity participation. The company acquired the undertaking of Asbestos, Magnesia & Friction Material, comprising its entire manufacturing businesses as well as the estate, factory and office, with approximately 18 acres of land at Agra road. In November the company entered into technical assistance agreements with the operating subsidiaries of Turner & Newall.

Hindustan Composites is a pioneer in the development, manufacturing & marketing of Asbestos Industrial Products and Friction Materials in India for over 45 years.

Composites, with its wide range of products suitable for a number of general and specialized applications, has been catering to the diversified needs of core sector industries, such as Railways, Engineering, Mining, Aerospace, Steel, Chemical, Petrochemical, Fertilizer, power generation, Ship building, Atomic Energy, Electrical, Oil exploration, Automotive, etc.

A technology driven company, it is committed to continuous upgradation, development of materials and processes, to ensure the highest quality standards.

Products of this company are being exported to more than 30 countries. This company operates in Latin America, Greece, Middle East and South East Asia. Export turnover of this company is US $ 2 Million.

Product range of the company includes:

Friction Material:

  • Automotive Brake Linings
  • Automotive Roll Linings
  • Automotive Clutch Facings
  • Automotive Disc Brake Pads
  • Railway Brake Blocks
  • Friction Sheets
  • Industrial Roll Linings

Industrial Sealing & Insulation Products:

  • Jointing Sheets
  • Packings
  • Asbestos Yarns
  • Asbestos Cloths
  • Rubber Proofed Sheets
  • Rubber Proofed Tapes
  • Asbestos Millboard Sheets
  • Asbestos Millboard Discs
  • Compestos
  • Limpet

Their other major strengths, besides quality products and service, are multi-location production facilities and a wide network of Distributors and Wholesale Dealers.   

Milestones:

  • 1982: A strike by the employees had an impact on the sales for the year. During the year the company received Government approval for additional capacities of 1325 tonnes of brake linings and 10 lakh nos. of clutch facings. A collaboration agreement with VALCO, FRANCE for the manufacture of diaphragm  clutches was also signed. 
  • 1983: The company has acquired 44,886 sq.mts. of land at Paithan in Aurangabad district of Maharastra, during the period for setting up one or more remaining plants of the company for expansion/diversification. 
  • 1984: The working was adversely affected due to sluggish market conditions, keen competition, escalation in the cost of inputs, higher interest burden and steep increase in the Dollar Rupee parity. During the year application was filed for Industrial licence for the manufacture of speciality industrial gaskets in technical collaboration with FLEXITALLIC LTD., U.K.                  
  • 1986: Manufacture of diaphragm clutches at Jalna commenced.        
  •  1989-90:New markets were identified for its products and new items were added to its range of exports. Depreciation of the Rupee against the US and Canadian dollar imposed burden on the cost of raw asbestos, a principal raw material. The Jalna plant was proposed to be disposed. Necessary approvals were awaited.        

Certification:

  • The Company's R & D Centre has been accorded recognition by the Department of Science and Technology, Government of India.
  • Minister of state for Commerce and Industry has given export award to Hindustan Composites.
  • It has got product certification from AMECA obtained for asbestos free product range consisting of heavy duty drum brake linings, disc brake pads, woven clutch facings, roll linings and friction sheets.
  • The quality control and continuous quality improvement program had enabled HCL to have accrediation by Det Norske Veritas for ISO - 9002 - Quality system, since the year 1996.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.78%
1 Week
+9.48%
1 Month
-6.18%
3 Month
-3.52%
6 Month
-13.53%
1 Year
-1.83%
2 Year
+135.72%
5 Year
-59.27%
10 Year
+109.64%
6 years 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 3.28 3.77 3.57 2.56 1.59 2.66
Return on Capital Employed (%) 3.80 4.84 4.00 2.47 1.38 3.15
Return on Assets (%) 2.97 3.37 3.17 2.27 1.42 2.37

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 631 688 733 754 761 817 866
Non Curr. Liab. 39 58 53 52 49 59 74
Curr. Liab. 28 30 40 41 41 42 47
Minority Int.
Equity & Liab. 699 776 825 847 851 918 986
Non Curr. Assets 589 686 708 714 728 771 852
Curr. Assets 110 90 117 133 123 147 134
Misc. Exp. not W/O
Total Assets 699 776 825 847 851 918 986

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 153 166 199 197 179 186 224
Other Income 2 1 0 2 0 6 0
Total Income 155 167 200 199 180 192 225
Total Expenditure -125 -127 -162 -172 -160 -158 -191
PBIDT 31 40 37 27 20 34 34
Interest 0 0 0 0 0 0 0
Depreciation -7 -8 -9 -9 -10 -9 -9
Taxation -3 -7 -3 1 2 -4 -3
Exceptional Items
PAT 21 25 25 19 12 21 23
Minority Interest
Share Associate -2 -2 -2 -1 -2 -1 0
Other Related Items
Consolidated Net Profit 19 23 23 18 10 20 23
Adjusted EPS 13 16 16 12 7 13 15

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 6 10 50 3 3 9
Cash Fr. Inv. -4 -8 -52 -2 5 0
Cash Fr. Finan. -1 -1 -1 -3 -1 -9
Net Change 1 1 -2 -1 6 1
Cash & Cash Eqvt 3 4 1 1 7 7

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97
Public 25.03 25.03 25.03 25.03 25.03 25.03 25.03 25.03 25.03
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Tue, 17 May 2022
Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015
HINDUSTAN COMPOSITES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve As per attachment
Tue, 17 May 2022
Board to consider Dividend
Hindustan Composites Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 26 2022 inter alia to consider the following:

1. To approve the Standalone Audited Financial Results of the Company for the quarter and year ended March 31 2022;

2. To approve the Consolidated Audited Financial Results of the Company for the quarter and year ended March 31 2022; and

3. To recommend the payment of dividend if any.

Further pursuant to the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 and as per the terms of "Code of Conduct for Regulating Monitoring and Reporting of Trading by Insiders" of the Company the trading window for dealing with securities of the Company is closed from April 01 2022 till May 28 2022 for the Directors and Specified Persons as defined in the Code and the same has been informed to them.
Tue, 19 Apr 2022
Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayHINDUSTAN COMPOSITES LTD.
2CINL29120MH1964PLC012955
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.30
4Highest Credit Rating during the previous FY A-
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ACUITE RATINGS & RESEARCH LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Vikram Jayesh Soni
Designation: Company Secretary and Compliance Officer
EmailId: secretarial@hindcompo.com
Name of the Chief Financial Officer: Sunil Jindal
Designation: Chief Financial Officer
EmailId: secretarial@hindcompo.com

Date: 19/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.

Technical Scans View Details

Fri, 20 May 2022
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Decrease 1 Month High Decrease 1 Month
High Increase 2 Years High Increase 2 Years
Closing Near 50 SMA Closing Near 50 SMA
Close Crossing 50 SMA From Above Close Crossing 50 SMA From Above

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 229,194.18 7,587.20 +2.4%
Tata Motors Ltd. 138,795.14 417.95 +4.8%
Mahindra & Mahindra Ltd. 112,459.20 904.60 +2.5%
Bajaj Auto Ltd. 109,583.29 3,787.00 +2.4%
Eicher Motors Ltd. 74,029.49 2,707.45 +2.2%
Samvardhana Motherson International Ltd. 56,153.95 124.30 +3.3%
Hero MotoCorp Ltd. 51,777.01 2,591.20 +2.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 59.08 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 0.00 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 20.79 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 17.77 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 44.15 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 38.33 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 22.35 2,591.20 +2.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 4.14 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 3.12 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 2.49 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 3.67 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 5.87 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 4.68 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 3.27 2,591.20 +2.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 0.01 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 2.46 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 0.01 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 0.92 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 70,372.00 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 8,720.35 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 61,508.10 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,591.20 +2.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4,220.10 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 1,315.76 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 1,484.50 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,591.20 +2.9%