Hindustan Composites Ltd.
Snapshot View

333.35 +2.40 ▲0.7%

30 July 2021, 04:00:00 P.M.
Volume: 243

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.hindcompo.com
Financial Indicators
Market Cap 492.32 Cr.
Earnings per share (EPS) 13.35 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 24.97 Trailing Twelve Months Ending 2021-03
Industry PE 88.20 Trailing Twelve Months Ending 2021-03
Book Value / Share 553.18 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.60 Calculated using Price: 333.35
Dividend Yield 0.60 Period Ending 2020-03
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
+0.73%
1 Week
+1.88%
1 Month
+4.45%
3 Month
+27.16%
6 Month
+7.64%
1 Year
+100.75%
2 Year
+94.94%
5 Year
-25.09%
5 years 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 3.28 3.77 3.57 2.56 1.59
Return on Capital Employed (%) 3.80 4.84 4.00 2.47 1.38
Return on Assets (%) 2.97 3.37 3.17 2.27 1.42

Balance Sheet View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 631 688 733 754 761
Non Curr. Liab. 39 58 53 52 49
Curr. Liab. 28 30 40 41 41
Minority Int.
Equity & Liab. 699 776 825 847 851
Non Curr. Assets 589 686 708 714 728
Curr. Assets 110 90 117 133 123
Misc. Exp. not W/O
Total Assets 699 776 825 847 851

Profit Loss View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 153 166 199 197 179
Other Income 2 1 0 2 0
Total Income 155 167 200 199 180
Total Expenditure -125 -127 -162 -172 -160
PBIDT 31 40 37 27 20
Interest 0 0 0 0 0
Depreciation -7 -8 -9 -9 -10
Taxation -3 -7 -3 1 2
Exceptional Items
PAT 21 25 25 19 12

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
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

Wed, 28 Jul 2021
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 06/08/2021 inter alia to consider and approve Pursuant to the provisions of Regulation 29(1)(a) read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday 6th August 2021 inter alia to consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June 2021.
Further pursuant to the provisions of 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 Tuesday 1st June 2021 till Sunday 8th August 2021 for the Directors and Specified Persons as defined in the Code and the same
has been informed to them.

Kindly take the same on your record.
Thu, 15 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
As per attachment
Thu, 15 Jul 2021
Shareholding for the Period Ended June 30 2021
Hindustan Composites Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Close Entering 2 Year High Zone Close Entering 2 Year High Zone

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