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Hind Tin Works

₹170.9 1.8 | 1.1%

Market Cap ₹178 Cr.

Stock P/E 10.7

P/B 0.9

Current Price ₹170.9

Book Value ₹ 194

Face Value 10

52W High ₹248.9

Dividend Yield 0.7%

52W Low ₹ 88.5

Hind Tin Works Research see more...

Overview Inc. Year: 1958Industry: Engineering - Industrial Equipments

Hindustan Tin Works Limited (HTWL) is a leading manufactures in metal packaging solutions in India and internationally. It was incorporated in 1958 and is based in New Delhi. Company portfolio include cans for processed food, beverages, baby food, paint, shoe polish, cookies, aerosols, etc. It has a paid-up capital of INR 10.40 cr and operating revenues INR 100 cr - 500 cr for the financial year ending on 31 March, 2022. It has supported several green initiatives such as solar power, rainwater harvesting, and biogas generation.It has set up a state-of-the-art plant for recycling tin cans and reducing waste generation. They are committed to provide safe and hygienic packaging solutions to its customers and consumers, while also contributing to the social and economic development of the country.

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Hind Tin Works Share Price

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Hind Tin Works Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 105 108 90 106 155 147 82 117 116 98
Other Income 1 1 1 2 2 2 1 1 2 1
Total Income 106 110 91 107 157 149 83 118 118 99
Total Expenditure 94 98 83 101 147 136 74 109 106 88
Operating Profit 11 12 8 6 11 13 8 9 12 11
Interest 2 2 2 2 3 2 1 2 2 2
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 7 4 2 6 8 5 5 9 7
Provision for Tax 2 3 2 -1 2 3 2 3 2 2
Profit After Tax 5 5 2 3 4 6 3 2 6 5
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 5 5 2 3 4 6 3 2 6 5
Adjusted Earnings Per Share 4.8 4.4 2.3 3 4.1 5.4 2.5 2.2 6.2 5.1

Hind Tin Works Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 273 314 318 298 267 315 336 298 326 409 465 413
Other Income 3 2 5 3 4 8 5 5 5 5 7 5
Total Income 275 316 322 301 272 323 342 303 331 414 472 418
Total Expenditure 250 288 292 274 245 292 311 277 294 377 433 377
Operating Profit 25 29 31 27 27 31 31 26 37 37 39 40
Interest 10 10 10 9 9 10 11 10 9 8 8 7
Depreciation 4 5 7 8 8 8 8 9 8 8 8 8
Exceptional Income / Expenses 0 0 0 9 0 3 0 0 0 0 0 0
Profit Before Tax 11 13 13 19 10 16 13 7 20 21 23 26
Provision for Tax 4 5 5 5 3 6 5 -0 5 6 6 9
Profit After Tax 7 8 9 14 7 10 8 8 15 15 16 16
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 7 8 9 14 7 10 8 8 15 15 16 16
Adjusted Earnings Per Share 7.1 8.1 8.2 13.5 6.8 9.3 7.6 7.3 14 14.6 15.9 16

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 16% 8% 5%
Operating Profit CAGR 5% 14% 5% 5%
PAT CAGR 7% 26% 10% 9%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 75% 26% 23% 16%
ROE Average 9% 9% 8% 8%
ROCE Average 12% 12% 10% 11%

Hind Tin Works Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 97 104 109 122 129 138 144 151 165 179 189
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 15 25 28 18 18 18 19 18 18 26
Other Non-Current Liabilities 7 8 7 8 8 8 9 8 7 5 4
Total Current Liabilities 98 116 127 110 104 133 107 85 107 108 70
Total Liabilities 212 243 269 268 259 297 278 263 297 310 288
Fixed Assets 63 68 71 85 82 79 78 81 75 76 92
Other Non-Current Assets 7 10 9 4 2 17 21 15 17 22 10
Total Current Assets 142 164 188 179 175 201 179 167 204 212 186
Total Assets 212 243 269 268 259 297 278 263 297 310 288

Hind Tin Works Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 4 10 12 9 4 4 4 3 2 3
Cash Flow from Operating Activities 6 22 5 13 35 -6 29 50 -12 26 36
Cash Flow from Investing Activities -4 -10 -11 0 -3 -14 -7 -5 -1 -10 -17
Cash Flow from Financing Activities -2 -6 8 -12 -37 20 -21 -46 11 -15 -20
Net Cash Inflow / Outflow -1 6 2 1 -6 -0 0 -1 -2 1 -2
Closing Cash & Cash Equivalent 4 10 12 13 4 4 4 3 2 3 1

Hind Tin Works Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 7.07 8.09 8.23 13.48 6.76 9.27 7.59 7.32 14.03 14.6 15.86
CEPS(Rs) 11.1 12.61 15.24 21.04 14.42 16.9 14.93 15.56 22.11 22.16 23.74
DPS(Rs) 0.5 0.8 1 1 1 1 1 0.6 1.2 1.2 1.2
Book NAV/Share(Rs) 92.86 100.01 105.04 117.32 124.17 132.51 138.93 144.95 158.75 171.86 181.94
Core EBITDA Margin(%) 7.68 7.66 7.63 7.55 7.83 6.99 7.64 6.85 9.84 7.81 6.76
EBIT Margin(%) 7.16 7 6.9 8.81 6.64 7.9 6.99 5.69 8.77 7.08 6.62
Pre Tax Margin(%) 3.75 3.96 3.85 5.86 3.55 4.86 3.77 2.47 6.02 5.12 4.92
PAT Margin (%) 2.5 2.47 2.5 4.36 2.42 3.01 2.35 2.56 4.48 3.71 3.55
Cash Profit Margin (%) 3.92 3.86 4.62 6.8 5.16 5.49 4.62 5.44 7.05 5.63 5.31
ROA(%) 3.55 3.7 3.34 5.22 2.67 3.47 2.74 2.81 5.21 5.01 5.52
ROE(%) 7.89 8.38 8.03 12.13 5.6 7.22 5.59 5.16 9.24 8.83 8.97
ROCE(%) 13.3 13.43 11.77 12.88 8.84 11.03 9.49 7.3 12.12 11.23 11.72
Receivable days 84.38 90.76 102.88 115.36 120.97 110.86 110.68 126.21 120.83 97.56 85.32
Inventory Days 52.35 42.77 50.29 52.98 58.04 64.13 60.59 54.56 57.39 63.02 53.56
Payable days 41.31 31.98 17.69 13.74 40.03 49.15 33.63 39.36 46.26 35.1 23
PER(x) 3.25 4.12 7.66 3.83 10.34 8.69 7.18 4.11 4.67 5.55 5.74
Price/Book(x) 0.25 0.33 0.6 0.44 0.56 0.61 0.39 0.21 0.41 0.47 0.5
Dividend Yield(%) 2.17 2.4 1.59 1.93 1.43 1.24 1.83 2 1.83 1.48 1.32
EV/Net Sales(x) 0.33 0.35 0.5 0.49 0.54 0.6 0.45 0.31 0.47 0.4 0.35
EV/Core EBITDA(x) 3.56 3.84 5.1 5.37 5.34 6.18 4.89 3.67 4.14 4.41 4.2
Net Sales Growth(%) 10.61 14.96 1.29 -6.21 -10.27 17.64 6.94 -11.5 9.48 25.5 13.6
EBIT Growth(%) 20.49 12.99 -0.7 19.84 -31.93 31.07 -7.01 -27.93 68.66 1.33 6.13
PAT Growth(%) 29.11 14.42 1.8 63.82 -49.87 37.17 -18.12 -3.57 91.66 4.08 8.63
EPS Growth(%) 29.11 14.42 1.8 63.82 -49.87 37.17 -18.12 -3.57 91.65 4.09 8.63
Debt/Equity(x) 0.72 0.81 0.95 0.86 0.62 0.81 0.71 0.45 0.54 0.47 0.39
Current Ratio(x) 1.44 1.42 1.48 1.63 1.69 1.51 1.67 1.96 1.91 1.97 2.67
Quick Ratio(x) 1.06 1.05 1.07 1.25 1.19 1.05 1.2 1.51 1.31 1.25 1.82
Interest Cover(x) 2.1 2.3 2.26 2.99 2.15 2.6 2.17 1.77 3.19 3.61 3.9
Total Debt/Mcap(x) 2.91 2.44 1.59 1.95 1.11 1.33 1.8 2.15 1.3 0.99 0.77

Hind Tin Works Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 40.24 40.48 40.77 40.8 40.84 41.02 41.02 41.05 41.05 41.05
FII 0 0 0 0 0 0 0 0 0.18 0
DII 9.83 9.83 9.83 9.83 9.83 9.83 9.83 9.83 9.35 8.91
Public 49.94 49.7 49.41 49.38 49.34 49.15 49.15 49.12 49.43 50.04
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 35.1 to 23days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.05%.
  • Company has a low return on equity of 9% over the last 3 years.
  • The company has delivered a poor profit growth of 9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Hind Tin Works News

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