Hindustan Composites Ltd
NSE: HINDCOMPOS BSE: 509635
Incorporated in 1964, Hindustan Composites Ltd is in the business of manufacturing and marketing of fibre based friction material, and treasury business[1]
₹412
52W: ₹346 — ₹550
PE 18.4 · Book ₹777 · -47% vs bookMarket Cap₹608 Cr
Stock P/E18.4Price to Earnings
ROCE3.93%Return on Capital
ROE2.96%Return on Equity
Div. Yield0.49%Face Value ₹5
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.53 times its book value
Weaknesses
- −Company has a low return on equity of 3.64% over last 3 years.
- −Dividend payout has been low at 13.6% of profits over last 3 years
- −Working capital days have increased from 45.1 days to 74.4 days
Shareholding Pattern
Promoters74.97%
FIIs0%
DIIs0.01%
Public25.02%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 25% | 25.01%▲0.0 | 25%▼0.0 | 25% | 25.01%▲0.0 | 25.02%▲0.0 | 25.02% | 25.02% |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 79 | 77 | 77 | 82 | 89 | 87 | 89 | 95 | 105 |
| Expenses | 61 | 66 | 64 | 64 | 66 | 73 | 73 | 78 | 80 | 89 |
| Operating Profit | 11 | 12 | 14 | 13 | 16 | 16 | 14 | 11 | 15 | 16 |
| OPM % | 15% | 16% | 18% | 17% | 20% | 18% | 16% | 12% | 16% | 16% |
| Net Profit | 6 | 8 | 9 | 9 | 11 | 6 | 7 | 5 | 7 | 12 |
| EPS ₹ | 4.37 | 5.4 | 5.87 | 6.29 | 7.43 | 4.11 | 5.05 | 3.58 | 4.52 | 7.92 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹375Cr, up 15.4% YoY. OPM at 15%.
Debt Position
Borrowings at ₹2Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 0.01% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.97%.
Margin & Efficiency
ROCE declining from 5% (Mar 2015) to 4% (Mar 2026). Working capital days: 74.
Valuation
PE 18.4x with 3.93% ROCE. Price is -47% above book value of ₹777. Dividend yield: 0.49%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 May - Newspaper publication regarding "Second 100 days Campaign - Saksham Niveshak"
- Corporate Action-Board approves Dividend 23 Apr - FY26 audited results approved; 2 dividend/share recommended; 85,000 monthly brake block capacity expansion planned in 6 months.
- Announcement under Regulation 30 (LODR)-Change in Management 23 Apr - FY26 audited results approved; Rs 2 dividend recommended; 85,000 monthly capacity expansion planned; Rs 1.55 lakh fine paid.
- Announcement Under Regulation 30 - The Board Approved The Capacity Expansion Plan For The Financial Year 2026-27 23 Apr - Board approved FY26 audited results, recommended Rs.2 dividend, and expansion of railway brake block capacity by 85,000 monthly.
- Announcement under Regulation 30 (LODR)-Dividend Updates 23 Apr - Board approved FY26 audited results, recommended Rs 2 dividend, approved 2026-27 capacity expansion, and paid Rs 1.55 lakh fine.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse