Hindustan Composites Limited (HINDCOMPOS)

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Hindustan Composites Limited (HINDCOMPOS) · mywealthgrid

About

Hindustan Composites Limited manufactures auto components for Indian vehicle manufacturers, operating in the Consumer Discretionary sector. With a ₹607 Cr market cap and zero debt, it operates with average OPM of 14.79%, though its ROE of 2.79% raises questions about capital returns.

Face value: ₹5

Market cap

₹564 Cr

P/E

17.4×

P/B

0.5×

Dividend yield

0.5%

ROE

2.8%

ROCE

3.7%

Debt / equity

OPM

14.8%

EPS (TTM)

₹21.9

Book value

₹776.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

ROE of 2.79% is critically low despite zero debt — verify whether this reflects an asset-light model, low profitability relative to equity, or balance-sheet distortion

Quarterly revenue swings from ₹20 Cr to ₹104 Cr with OPM ranges 11.89%–15.69% — verify whether volatility is seasonal, order-dependent, or structural to the business

Promoter concentration at 74.98% with minimal institutional interest (FII 0.02%, DII 0.01%) limits liquidity and reduces governance pressure

Stock down 13.79% in 1 year and near 52-week lows (₹416.05 vs ₹500.25 high) — verify whether this reflects sector headwinds, company fundamentals, or valuation reset

Generated analysis · source review pending

Growth drivers

Zero debt (D/E 0) provides capital flexibility for capex or acquisitions without financial distress risk

Operating margin of 14.79% (quarterly range 11.89–15.69%) is stable; verify whether improving capacity utilization could expand this margin

Consistent annual dividends (Sep 2021–2025) indicate predictable cash generation and disciplined capital allocation

Auto components industry exposure — verify sector tailwinds from EV transition, lightweighting demand, or OEM consolidation relevant to product mix

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹380.8+0.9%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 15.2% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 156.7×
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 3.3% (3-yr avg)
−Low dividend payout of 9.2% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 47
Growth: 29
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	178	185	233	283	298	325	375
COGS	72	75	105	133	132	143	179
Gross profit	106	109	127	149	166	182	196
	88	83	95	109	115	123	141
	18	26	33	41	51	59	55
OPM %	10.1%	14.3%	14.2%	14.4%	17.2%	18.1%	14.8%
Depreciation	10	9	9	9	10	10	12
Interest	0	0	0	0	0	0	0
	0	6	0	1	1	-4	-3
Profit before tax	9	24	25	33	43	45	41
Tax	-2	4	3	5	8	10	10
Tax %	-19.7%	16.2%	12.6%	15.7%	19.2%	21.7%	23.5%
	10	20	22	27	34	35	31
PAT margin %	5.9%	10.7%	9.3%	9.7%	11.6%	10.8%	8.3%
EPS (₹)	7.1	13.4	14.6	18.6	23.3	23.7	21.1
EPS adjusted (₹)	—	13.4	14.6	18.6	23.3	23.7	21.1
	28.2%	15%	13.7%	10.8%	8.6%	8.4%	9.5%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	7	7
Reserves	810	910	913	979	1,077	1,138
	0	0	1	0	0	0
	105	85	78	94	112	119
Total equity & liabilities	922	1,002	1,000	1,081	1,196	1,264
	116	113	111	138	134	145
CWIP	—	0	0	0	4	0
Investments	687	796	807	872	962	1,006
	119	93	82	71	96	113
Total assets	922	1,002	1,000	1,081	1,196	1,264

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Composite Products	315.04	40.29	127.63	60.19	67.44	59.74
Investment	39.63	22.11

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.5%	59.2%	54.8%	52.8%	55.8%	56%	52.4%
EBITDA margin %	11%	15%	14.2%	14.4%	17.2%	18.1%	14.8%
EBIT margin %	5.6%	10.2%	10.5%	11.3%	14%	14.9%	11.6%
PAT margin %	5.9%	10.7%	9.3%	9.7%	11.6%	10.8%	8.3%
Working capital
Receivable days	—	82	58	51	45	57	61
Inventory days	—	58	47	37	40	29	43
Payable days	—	199	153	112	129	134	109
NWC days	—	-60	-48	-24	-44	-47	-5
Leverage
Current ratio	—	3.28	2.29	2.4	2.16	2.37	2.24
Debt to EBITDA	—	0.02	0.01	0.02	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	47.9	125	309.9	251.8	474.3	719.3	156.7
Asset turnover	—	0.2	0.23	0.28	0.28	0.27	0.3
Return ratios
Return on assets %	—	2.1%	2.2%	2.7%	3.2%	2.9%	2.5%
Return on capital employed %	—	2.9%	2.7%	3.4%	4.3%	5.3%	3.7%
Return on equity %	—	2.4%	2.4%	3%	3.5%	3.2%	2.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.97%	74.97%	74.97%	74.97%	74.97%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
	0.04%	0.03%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.02%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.98%	24.99%	25.02%	25.02%	25.02%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	24.99%
No. of shareholders	—	—	—	—	—	—	—	—	15,154	14,838	14,690	14,936

Promoter holding up 0.01 percentage points since Sep 2023.

2 deals · 27 Mar 2024 – 27 Mar 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Mar 2024	DALMIA FAMILY OFFICE TRUST	Bulk	NSE	Sell	2,58,104	₹389.10	₹10.04 Cr
27 Mar 2024	DALMIA FAMILY HOLDINGS LLP	Bulk	NSE	Buy	2,58,104	₹389.10	₹10.04 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. PAWAN KUMAR CHOUDHARYExecutive Director-Chairperson-MD
Mr. LALIT KUMAR BARARIANon-Executive - Independent Director
Amit GoenkaVice President Finance
Sunil JindalChief Financial Officer
Mrs. PREETI VIMAL AGRAWALNon-Executive - Independent Director
Mr. VINAY RAJ SARINNon-Executive - Non Independent Director
Mr. RAJAN ARVIND DALALNon-Executive - Independent Director
Mr. SNEHAL N MUZOOMDARNon-Executive - Independent Director
Mr. Arvind PurohitCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Hindustan Composites Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

2 Sept 2026, 1:28 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.5%	59.2%	54.8%	52.8%	55.8%	56%	52.4%
EBITDA margin %	11%	15%	14.2%	14.4%	17.2%	18.1%	14.8%
EBIT margin %	5.6%	10.2%	10.5%	11.3%	14%	14.9%	11.6%
PAT margin %	5.9%	10.7%	9.3%	9.7%	11.6%	10.8%	8.3%
Working capital
Receivable days	—	82	58	51	45	57	61
Inventory days	—	58	47	37	40	29	43
Payable days	—	199	153	112	129	134	109
NWC days	—	-60	-48	-24	-44	-47	-5
Leverage
Current ratio	—	3.28	2.29	2.4	2.16	2.37	2.24
Debt to EBITDA	—	0.02	0.01	0.02	0	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	47.9	125	309.9	251.8	474.3	719.3	156.7
Asset turnover	—	0.2	0.23	0.28	0.28	0.27	0.3
Return ratios
Return on assets %	—	2.1%	2.2%	2.7%	3.2%	2.9%	2.5%
Return on capital employed %	—	2.9%	2.7%	3.4%	4.3%	5.3%	3.7%
Return on equity %	—	2.4%	2.4%	3%	3.5%	3.2%	2.7%

Date	Category	Subject	Filing
2 Sept 2026, 1:28 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 1:21 pm	AGM/EGM AGM	Notice Of 62Nd Annual General Meeting And Annual Report For The Financial Year 2025-26.	PDF
25 Aug 2026, 3:38 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
20 Aug 2026, 9:45 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
20 Aug 2026, 9:41 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
20 Aug 2026, 9:38 pm	Company Update General	Completion Of Slump Sale Of Friction Business Undertaking	PDF
11 Aug 2026, 4:41 pm	Company Update General	Members Have Approved The Slump Sale Of Friction Business Undertaking	PDF
11 Aug 2026, 4:23 pm	AGM/EGM Postal Ballot	Hindustan Composites Ltd - 509635 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9	5	16	40	30	21
	0	5	-21	-35	-18	-30
	-9	-3	-2	-4	-3	-4
Net cash flow	1	7	-8	1	9	-12
Free cash flow	5	-2	9	4	9	-1
CFO / Operating profit %	33.1%	14.9%	38.7%	78.5%	50.8%	38.1%

Hindustan Composites Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

18

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Composite Products · revenue

Hindustan Composites Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Announcements

Annual reports

Credit ratings

Dividends18

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Composite Products · revenue

18

1

1