Past 10 year's financial track record analysis by Moneyworks4me indicates that Hindoostan Mills Ltd is a average quality company.
The key valuation ratios of Hindoostan Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindoostan Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.7% | 1.1% | -10.7% | -9.8% | -14.4% | -6% | 14.2% | -0.9% | -12.2% | 3.4% | - |
| Value Creation Index ⓘ | -1.3 | -0.9 | -1.8 | -1.7 | -2.0 | -1.4 | 0.0 | -1.1 | -1.9 | -0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 154 | 159 | 157 | 165 | 163 | 141 | 65.3 | 104 | 99.1 | 88.3 | 67 |
| Sales YoY Gr. | - | 3.6% | -1.3% | 4.8% | -0.9% | -13.6% | -53.8% | 59% | -4.5% | -10.9% | - |
| Adj EPS ⓘ | -43.3 | -23.9 | -81.6 | -63.9 | -73.9 | -27.2 | -15.4 | -21.2 | -47.8 | 6.5 | -27.4 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 521.3 | 502.4 | 422 | 357.3 | 286.9 | 250.8 | 353 | 334.1 | 293.5 | 301.2 | 260.8 |
| Adj Net Profit ⓘ | -7.2 | -4 | -13.6 | -10.6 | -12.3 | -4.5 | -2.6 | -3.5 | -8 | 1.1 | -5 |
| Cash Flow from Ops. ⓘ | 6.2 | 10 | 5.1 | 7.3 | 5.8 | 3.2 | 2.9 | 1.7 | -4.4 | 3.5 | - |
| Debt/CF from Ops. ⓘ | 5 | 2.7 | 4.3 | 2.3 | 2.1 | 2.8 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -6% | -11.6% | 10.6% | -10.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -5.9% | 1% | -5.2% | 2.6% | ||||
| Share Price | -9.4% | -2.2% | -9.6% | -10% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -7.9 | -4.7 | -17.7 | -16.4 | -23 | -10.1 | -5.1 | -6.2 | -15.2 | 2.2 | -9.8 |
| Op. Profit Mgn % ⓘ | 2.4 | 4.6 | -0.2 | 1 | -2.1 | 0.2 | -5.2 | 2.1 | -6.2 | -2.4 | -14.3 |
| Net Profit Mgn % ⓘ | -4.7 | -2.5 | -8.6 | -6.5 | -7.5 | -3.2 | -3.9 | -3.4 | -8 | 1.2 | -6.8 |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 146 | 143 | 146 | 140 | 144 | 162 | 280 | 144 | 151 | 154 | 113 |
| Cash Conv. Cycle ⓘ | 97 | 95 | 94 | 79 | 72 | 75 | 127 | 77 | 81 | 79 | 61 |
Sales growth is growing at healthy rate in last 3 years 10.59%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -26.11%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -27.4 | 6.6 |
| TTM Sales (₹ Cr.) | 67 | 150 |
| BVPS (₹.) ⓘ | 260.8 | 0 |
| Reserves (₹ Cr.) ⓘ | 42 | 92 |
| P/BV ⓘ | 0.83 | 0.00 |
| PE ⓘ | 0.00 | 32.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 195.25 / 411.00 |
| All Time Low / High (₹) | 16.67 / 638.00 |
| Market Cap (₹ Cr.) | 36.1 |
| Equity (₹ Cr.) | 1.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 153.78 | 159.26 | 157.15 | 164.69 | 163.29 | 141.08 | 65.25 | 103.74 | 99.09 | 88.26 |
| Operating Expenses ⓘ | 150.12 | 151.89 | 157.64 | 163.02 | 166.85 | 140.81 | 68.64 | 101.54 | 105.23 | 90.39 |
| Manufacturing Costs | 19.98 | 23.78 | 22.05 | 22.51 | 24.65 | 20.49 | 9.96 | 14.82 | 13.72 | 11.70 |
| Material Costs | 105.41 | 102.30 | 109.87 | 112.71 | 114.89 | 98.77 | 42.65 | 67.60 | 73.07 | 60.95 |
| Employee Cost | 13.10 | 15.22 | 18.10 | 19.15 | 15.53 | 15.86 | 10.27 | 14.34 | 13.95 | 13.52 |
| Other Costs ⓘ | 11.63 | 10.59 | 7.61 | 8.65 | 11.78 | 5.69 | 5.77 | 4.77 | 4.48 | 4.23 |
| Operating Profit ⓘ | 3.66 | 7.37 | -0.49 | 1.68 | -3.57 | 0.27 | -3.40 | 2.20 | -6.14 | -2.13 |
| Operating Profit Margin (%) | 2.4% | 4.6% | -0.3% | 1.0% | -2.2% | 0.2% | -5.2% | 2.1% | -6.2% | -2.4% |
| Other Income ⓘ | 1.10 | 3.47 | 2.90 | 2.44 | 2.61 | 2.29 | 2.71 | 2.64 | 3.68 | 5.98 |
| Interest ⓘ | 1.95 | 3.31 | 2.67 | 2.35 | 2.01 | 1.20 | 0.85 | 0.15 | 0.43 | 0.42 |
| Depreciation ⓘ | 10.11 | 11.82 | 12.43 | 12.35 | 8.84 | 5.88 | 4.93 | 5.35 | 3.91 | 2.16 |
| Exceptional Items ⓘ | 0.42 | 2.23 | -0.78 | -0.04 | 0 | 0 | 13.42 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -6.89 | -2.06 | -13.46 | -10.63 | -11.82 | -4.52 | 6.95 | -0.66 | -6.80 | 1.27 |
| Tax ⓘ | 0 | 0.19 | -0.10 | -0.04 | -0.01 | -0.01 | 0 | 2.60 | 0 | 0 |
| Profit After Tax | -6.89 | -2.25 | -13.36 | -10.59 | -11.81 | -4.50 | 6.95 | -3.26 | -6.80 | 1.27 |
| PAT Margin (%) | -4.5% | -1.4% | -8.5% | -6.4% | -7.2% | -3.2% | 10.6% | -3.1% | -6.9% | 1.4% |
| Adjusted EPS (₹) | -41.4 | -13.5 | -80.3 | -63.6 | -70.9 | -27.0 | 41.7 | -19.6 | -40.9 | 7.6 |
| Dividend Payout Ratio (%) | -10% | -33% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 86.77 | 83.62 | 70.25 | 59.48 | 47.75 | 41.75 | 58.76 | 55.60 | 48.85 | 50.13 |
| Share Capital ⓘ | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 |
| Reserves ⓘ | 85.11 | 81.95 | 68.58 | 57.81 | 46.08 | 40.08 | 57.10 | 53.94 | 47.18 | 48.47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 26.05 | 21.50 | 17.24 | 12.05 | 9.60 | 9.09 | 0 | 0 | 0 | 0 |
| Long Term Debt | 18.91 | 13.21 | 8.07 | 3.28 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 7.14 | 8.28 | 9.17 | 8.77 | 9.60 | 9.09 | 0 | 0 | 0 | 0 |
| Trade Payables | 11.66 | 12.33 | 14.49 | 20.64 | 22.23 | 23.37 | 12.32 | 11.83 | 11.77 | 8.73 |
| Others Liabilities ⓘ | 17.51 | 19.65 | 21.02 | 20.66 | 17.13 | 14.95 | 10.75 | 16.39 | 15.23 | 16.25 |
| Total Liabilities ⓘ | 141.99 | 137.10 | 123 | 112.83 | 96.71 | 89.15 | 81.82 | 83.83 | 75.85 | 75.11 |
Fixed Assets | ||||||||||
| Gross Block | 165.74 | 165.26 | 70.57 | 71.65 | 60.80 | 62.88 | 63.47 | 64.79 | 65.12 | 64.98 |
| Accumulated Depreciation | 93.13 | 101.16 | 12.40 | 24.65 | 30.57 | 36.38 | 40.99 | 44.43 | 48.25 | 49.76 |
| Net Fixed Assetsⓘ | 72.61 | 64.11 | 58.18 | 47 | 30.23 | 26.50 | 22.48 | 20.35 | 16.86 | 15.23 |
| CWIP ⓘ | 2.65 | 4.26 | 0.02 | 0.01 | 0 | 0.60 | 0 | 0.05 | 0.30 | 0.15 |
| Investmentsⓘ | 3.33 | 3.36 | 0.92 | 0.91 | 0.18 | 0.01 | 5.67 | 12.74 | 11.34 | 15.29 |
| Inventories | 26.03 | 29.11 | 23.49 | 23.17 | 22.18 | 22.43 | 17.49 | 23.66 | 17.46 | 16.36 |
| Trade Receivables | 26.88 | 26 | 28.71 | 30.61 | 30.69 | 28.24 | 13.74 | 12.42 | 12.75 | 11.74 |
| Cash Equivalents | 0.93 | 2.11 | 1.03 | 1.05 | 1 | 0.62 | 13.56 | 8.71 | 6.94 | 10.34 |
| Others Assetsⓘ | 9.56 | 8.15 | 10.65 | 10.08 | 12.42 | 10.75 | 8.89 | 5.90 | 10.20 | 6 |
| Total Assets ⓘ | 141.99 | 137.10 | 123 | 112.83 | 96.71 | 89.15 | 81.82 | 83.83 | 75.85 | 75.11 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6.16 | 10.03 | 5.14 | 7.32 | 5.83 | 3.24 | 2.90 | 1.69 | -4.41 | 3.52 |
| PBT ⓘ | -6.89 | -2.06 | -13.46 | -10.63 | -11.82 | -6.12 | 17.14 | -0.66 | -6.80 | 1.27 |
| Adjustment ⓘ | 10.97 | 10.68 | 14.26 | 13.78 | 14.58 | 7.26 | -18.58 | 4.11 | 2.39 | -2.41 |
| Changes in Working Capital ⓘ | 3.22 | 0.01 | 4.35 | 4.28 | 3.11 | 2.12 | 4.55 | -1.76 | -0.17 | 4.82 |
| Tax Paid ⓘ | -1.14 | 1.39 | 0 | -0.11 | -0.05 | -0.02 | -0.22 | 0 | 0.17 | -0.15 |
| Cash Flow From Investing Activity ⓘ | -33.91 | -1.01 | 1.48 | 0.15 | 0.96 | 0.89 | 9.27 | 2.16 | 2.91 | -4.71 |
| Capex | -32.47 | -2.37 | -2.27 | -1.08 | -0.44 | -0.27 | 25.10 | -1.07 | 0.93 | 0.08 |
| Net Investments | -2.47 | 0.20 | 2.80 | -0.01 | 0.69 | 0 | -5.52 | -5.84 | 2.03 | -0.01 |
| Others ⓘ | 1.04 | 1.16 | 0.94 | 1.24 | 0.72 | 1.16 | -10.31 | 9.08 | -0.05 | -4.77 |
| Cash Flow From Financing Activityⓘ | 26.88 | -7.84 | -7.71 | -7.45 | -6.83 | -4.51 | -9.94 | -0.17 | -0.60 | -0.64 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 23.40 | -4.88 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1.70 | -3.31 | -2.47 | -2.26 | -2.07 | -1.41 | -0.85 | -0.06 | -0.19 | -0.19 |
| Dividend Paid ⓘ | -1.97 | -0.79 | -0.90 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 7.14 | 1.14 | -4.33 | -5.19 | -4.76 | -3.10 | -9.09 | -0.11 | -0.41 | -0.45 |
| Net Cash Flow ⓘ | -0.88 | 1.18 | -1.08 | 0.02 | -0.05 | -0.38 | 2.23 | 3.68 | -2.10 | -1.82 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -7.57 | -2.65 | -17.37 | -16.33 | -22.03 | -10.06 | 13.82 | -5.71 | -13.03 | 2.56 |
| ROCE (%) | -4.65 | 1.1 | -10.65 | -9.81 | -14.38 | -5.99 | 14.23 | -0.9 | -12.2 | 3.42 |
| Asset Turnover Ratio | 1.2 | 1.15 | 1.21 | 1.4 | 1.56 | 1.52 | 0.76 | 1.25 | 1.24 | 1.17 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | 0.42 | N/A | N/A | 2.77 | Working Capital Days |
| Receivable Days | 58 | 60 | 64 | 66 | 69 | 76 | 117 | 46 | 46 | 51 |
| Inventory Days | 65 | 63 | 61 | 52 | 51 | 58 | 112 | 72 | 76 | 70 |
| Payable Days | 36 | 43 | 45 | 57 | 68 | 84 | 153 | 65 | 59 | 61 |
Hindoostan Mills was incorporated in 1873 under the leadership of Sheth Thackersey Moolji. In the 1990’s a state of the art Textile Mill was set up in Karad, district Satara, Maharashtra. In 2011 the company has changed its name from Sirdar Carbonic Gas Company Ltd. to Hindoostan Mills Ltd.The company is located at 215-219, 2nd Floor, Sir Vithaldas Chambers, 16, Samachar Marg Mumbai in Maharashtra.
Today all the manufacturing activities are located there. The company installed 5 new ring frames, an open end spinning machine, 4 new generation winding machines such as auto coner wide width.
The company’s products are Greige fabrics in Plain, Matty, 3/1Drill, 2/1Twill, Gabardine, Satin, Duck, Herring Bone Weaves. The company’s main products are used for bottom weight fabrics, bull denim, corduroy Industrial canvas and work-wear fabrics. Also, the company has products for sheetings in narrow and wider widths using 12s to 60s Count Cotton as well P/C yarns.
The company’s latest addition is the manufacturing of fine shirting fabrics. Essentially all its products are designed as per the customers’ requirements and in tune with the changing market trends. The company has a focus on product development and strives to fulfill the customers’ aspirations in terms of quality and product variations. All fabrics produced are well inspected as per acceptable international standards.
In 2012 its wholly owned subsidiary Hindoostan Technical Fabrics Ltd (HTFL) tied-up with Japan based Toho Tenax Company Ltd (TOHO) to jointly develop and market Carbon and Aramid Fiber Fabrics in India.
Business of the company:
The company is engaged in manufacture and sale of textiles primarily in India. It offers cotton woven and synthetic blended fabrics, and cotton yarn. The company was incorporated in 1873 and is headquartered in Mumbai, India.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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