Hindustan Composites Limited (HCL) was incorporated in 1964; it is a part of the Rasoi group. The company manufactures fibre-based composite material used for automotive, rail and industrial applications. The company’s registered office is in Mumbai, it has 3 manufacturing plants — in Paithan, Jalna and Bhandara — all in Maharashtra
HINDUSTAN FERODO LTD NAME CHANGED AS HINDUSTAN COMPOSITES LTD.
KEY HIGHLIGHTS
Strong distribution network
The company produces and supplies to a wide range of sectors in India. It produces automotive brake linings for 2- and 4-wheelers, automotive disc brake pads and railway brake blocks in Paithan near Aurangabad. The Jalna unit, also in Aurangabad, manufactures compressed jointing sheets and limpet sheets. In Bhandara, the company produces clutch facings (wet mix, moulded and random wound) and industrial roll linings. HCL has a wide distribution network with residential sales offices throughout India, 4 regional offices, 7 depots and 165 distributors servicing more than 10,000 outlets.
Wide range of products with established client base across sectors
HCL’s wide range of products caters to the needs of core sector industries such as railways, engineering, mining, aerospace, steel, chemical, petrochemical, fertiliser, power generation, ship building, atomic energy, electrical, oil exploration, automotive, etc.
The company’s clientele includes Indian Railways, Indian Oil, Ashok Leyland, SAIL, NTPC, Tata group, Hindalco, Mahindra & Mahindra and Reliance Industries. HCL exports to more than 30 countries in Europe, Latin American, Middle East and Southeast Asia.
KEY RISKS
• Increase in prices of major raw materials such as fibres, ferrous materials, chemical &solvents and rubber.
• Increase in competition from small players, leading to lower realizations.
• Government putting stricter control on manufacture and usage of asbestos based products.
• Increase in competition from small players, leading to lower realizations.
• Government putting stricter control on manufacture and usage of asbestos based products.
| Quarter ended |
Year to Date |
Year ended | |||||||
| 201312 (3) |
201212 (3) |
% Var |
201312 (9) |
201212 (9) |
%Var |
201303 (12) |
201203 (12) |
% Var | |
| Sales | 35.13 | 28.57 | 22.96 | 104.19 | 85.99 | 21.17 | 116.99 | 119.02 | -1.71 |
| Other Income | NA | NA | NA | NA | NA | NA | NA | 3.47 | -100.00 |
| PBIDT | 8.90 | 5.13 | 73.49 | 23.16 | 13.48 | 71.81 | 18.59 | 33.72 | -44.87 |
| Interest | 0.30 | 0.07 | 328.57 | 0.44 | 0.23 | 91.30 | 0.28 | 1.57 | -82.17 |
| PBDT | 8.60 | 5.06 | 69.96 | 22.72 | 13.25 | 71.47 | 18.31 | 32.15 | -43.05 |
| Depreciation | 1.79 | 1.60 | 11.88 | 5.27 | 4.46 | 18.16 | 6.15 | 4.55 | 35.16 |
| PBT | 6.81 | 3.46 | 96.82 | 17.45 | 8.79 | 98.52 | 12.16 | 27.60 | -55.94 |
| TAX | 1.28 | 0.50 | 156.00 | 3.12 | 1.82 | 71.43 | 1.96 | 6.68 | -70.66 |
| PAT | 5.53 | 2.96 | 86.82 | 14.33 | 6.97 | 105.60 | 10.20 | 20.92 | -51.24 |
| Equity | 4.92 | 4.92 | 0.00 | 4.92 | 4.92 | 0.00 | 4.92 | 4.92 | 0.00 |
INTERESTING FACT IS MARKET CAP IS 200 CR CASH INVESTMENTS IN THE COMPANY IS 341 CR ASSET VALUE OF THE COMPANY IS 511 CR CURRENT MARKET PRICE IS 400RS EXPECTED EPS IS AT 40RS.BUY ON EVERY DECLINE FOR BETTER RETURNS
No comments:
Post a Comment