HINDCOMPOS
Hindustan Composites Limited
Friction materials and commodity trading business
Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments
hindcompo.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹443.25
Market cap
654 Cr
Stock P/E
20.2
P/B
0.57
Dividend yield
0.5%
ROE (FY26)
2.7%
ROCE (FY26)
3.6%
Operating margin (FY26)
11.6%
OCF / EBITDA (FY26)
38.1%
OCF / EBITDA (3Y)
55.1%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Hindustan Composites makes friction materials, including railway brake blocks and pads, for automobile, railway and industrial customers, and also earns income from an investment portfolio and commodity trading.
Company snapshot
79thBy market cap
Ranked among 94 companies in Auto Components & Equipments.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 87.6% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Composites Product | 87.6% | 207 Cr | 23 Cr | — |
| Investment | 12.4% | 29 Cr | 22 Cr | — |
| Joint Venture | — | 0 Cr | 0 Cr | — |
What we see
Positives
- ✓Interest coverage of 155.3x — earnings comfortably cover interest obligations.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 Cr | 72 Cr | 79 Cr | 77 Cr | 77 Cr | 82 Cr | 89 Cr | 87 Cr | 89 Cr | 95 Cr | 105 Cr | 20 Cr |
| Operating expenses (approx.) | 58 Cr | 61 Cr | 66 Cr | 64 Cr | 64 Cr | 66 Cr | 73 Cr | 73 Cr | 78 Cr | 80 Cr | 89 Cr | 18 Cr |
| EBITDA | 14 Cr | 11 Cr | 12 Cr | 14 Cr | 13 Cr | 16 Cr | 16 Cr | 14 Cr | 11 Cr | 15 Cr | 16 Cr | 3 Cr |
| OPM % | 18.8% | 15.4% | 15.6% | 17.6% | 16.8% | 19.7% | 18.2% | 15.8% | 11.9% | 15.7% | 15.6% | 12.7% |
| Other income | 0.64 Cr | 0.01 Cr | 0.22 Cr | 0.05 Cr | 0.17 Cr | 0.02 Cr | 9 Cr | 0 Cr | 0 Cr | 0 Cr | 0.41 Cr | 0 Cr |
| Interest | 0.04 Cr | 0.01 Cr | 0 Cr | 0.03 Cr | 0.02 Cr | 0.02 Cr | 0.01 Cr | 0.09 Cr | 0.08 Cr | 0.06 Cr | 0.05 Cr | 0 Cr |
| Depreciation | 2 Cr | 3 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 0.96 Cr |
| Profit before tax | 12 Cr | 8 Cr | 10 Cr | 11 Cr | 10 Cr | 14 Cr | 10 Cr | 11 Cr | 8 Cr | 9 Cr | 14 Cr | 10 Cr |
| Tax % | 15.6% | 23.9% | 20.5% | 21.5% | 11.2% | 18.8% | 37.4% | 30.7% | 29.9% | 24.8% | 13.5% | 11.3% |
| Net profit | 10 Cr | 6 Cr | 8 Cr | 9 Cr | 9 Cr | 11 Cr | 6 Cr | 7 Cr | 5 Cr | 7 Cr | 12 Cr | 9 Cr |
| EPS (₹) | ₹6.73 | ₹4.37 | ₹5.40 | ₹5.87 | ₹6.29 | ₹7.43 | ₹4.11 | ₹5.05 | ₹3.58 | ₹4.52 | ₹7.92 | ₹5.88 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 182 Cr | 203 Cr | 197 Cr | 178 Cr | 185 Cr | 233 Cr | 283 Cr | 298 Cr | 325 Cr | 375 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 143 Cr | 167 Cr | 172 Cr | 159 Cr | 157 Cr | 200 Cr | 242 Cr | 246 Cr | 266 Cr | 320 Cr | Sign in free for the trailing twelve months |
| EBITDA | 39 Cr | 37 Cr | 25 Cr | 20 Cr | 28 Cr | 33 Cr | 41 Cr | 51 Cr | 59 Cr | 55 Cr | Sign in free for the trailing twelve months |
| OPM % | 21.4% | 18.1% | 12.7% | 11.0% | 15.0% | 14.2% | 14.4% | 17.2% | 18.1% | 14.8% | Sign in free for the trailing twelve months |
| Other income | 1 Cr | 0.45 Cr | 2 Cr | 0.49 Cr | 6 Cr | 0.38 Cr | 0.85 Cr | 0.93 Cr | 9 Cr | 0.41 Cr | Sign in free for the trailing twelve months |
| Interest | 0.20 Cr | 0.31 Cr | 0.22 Cr | 0.22 Cr | 0.20 Cr | 0.08 Cr | 0.13 Cr | 0.09 Cr | 0.08 Cr | 0.28 Cr | Sign in free for the trailing twelve months |
| Depreciation | 8 Cr | 9 Cr | 9 Cr | 10 Cr | 9 Cr | 9 Cr | 9 Cr | 10 Cr | 10 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 30 Cr | 26 Cr | 17 Cr | 9 Cr | 24 Cr | 25 Cr | 33 Cr | 43 Cr | 45 Cr | 41 Cr | Sign in free for the trailing twelve months |
| Tax % | 23.5% | 11.2% | -4.6% | -19.7% | 16.2% | 12.6% | 15.7% | 19.2% | 21.7% | 23.5% | Sign in free for the trailing twelve months |
| Net profit | 23 Cr | 23 Cr | 18 Cr | 10 Cr | 20 Cr | 22 Cr | 27 Cr | 34 Cr | 35 Cr | 31 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹15.72 | ₹15.58 | ₹11.88 | ₹7.09 | ₹13.35 | ₹14.63 | ₹18.60 | ₹23.30 | ₹23.70 | ₹21.06 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 15.0% | 13.7% | 10.7% | 8.6% | 8.4% | 9.5% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr |
| Reserves | 683 Cr | 725 Cr | 746 Cr | 754 Cr | 810 Cr | 910 Cr | 913 Cr | 979 Cr | 1,077 Cr | 1,138 Cr |
| Borrowings | 4 Cr | 4 Cr | 3 Cr | 5 Cr | 0.04 Cr | 0.30 Cr | 1 Cr | 0.12 Cr | 0.03 Cr | — |
| Other liabilities | 85 Cr | 89 Cr | 90 Cr | 85 Cr | 101 Cr | 85 Cr | 78 Cr | 94 Cr | 112 Cr | 119 Cr |
| Total liabilities | 776 Cr | 825 Cr | 847 Cr | 851 Cr | 918 Cr | 1,002 Cr | 1,000 Cr | 1,081 Cr | 1,196 Cr | 1,264 Cr |
| Fixed assets (net) | 124 Cr | 122 Cr | 125 Cr | 122 Cr | 116 Cr | 113 Cr | 110 Cr | 137 Cr | 133 Cr | 144 Cr |
| CWIP | 0.42 Cr | 0.12 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr | 0.20 Cr | 0 Cr | 4 Cr | 0 Cr |
| Investments | 536 Cr | 605 Cr | 608 Cr | 616 Cr | 687 Cr | 796 Cr | 807 Cr | 872 Cr | 962 Cr | 1,006 Cr |
| Loans & advances | — | — | 33 Cr | 27 Cr | 45 Cr | 5 Cr | 7 Cr | 4 Cr | 11 Cr | 3 Cr |
| Inventories | 9 Cr | 11 Cr | 12 Cr | 13 Cr | 12 Cr | 14 Cr | 14 Cr | 14 Cr | 12 Cr | 21 Cr |
| Trade receivables | 27 Cr | 35 Cr | 34 Cr | 34 Cr | 37 Cr | 37 Cr | 39 Cr | 37 Cr | 51 Cr | 63 Cr |
| Cash & bank | 4 Cr | 1 Cr | 0.74 Cr | 7 Cr | 1 Cr | 2 Cr | 0.69 Cr | 0.70 Cr | 3 Cr | 2 Cr |
| Other assets | 77 Cr | 51 Cr | 33 Cr | 33 Cr | 20 Cr | 36 Cr | 22 Cr | 17 Cr | 20 Cr | 25 Cr |
| Total assets | 776 Cr | 825 Cr | 847 Cr | 851 Cr | 918 Cr | 1,002 Cr | 1,000 Cr | 1,081 Cr | 1,196 Cr | 1,264 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 10 Cr | 50 Cr | 3 Cr | 3 Cr | 9 Cr | 5 Cr | 16 Cr | 40 Cr | 30 Cr | 21 Cr |
| Cash from investing | -8 Cr | -52 Cr | -2 Cr | 5 Cr | 0.18 Cr | 5 Cr | -21 Cr | -35 Cr | -18 Cr | -30 Cr |
| Cash from financing | -1 Cr | -0.93 Cr | -3 Cr | -1 Cr | -9 Cr | -3 Cr | -2 Cr | -4 Cr | -3 Cr | -4 Cr |
| Net cash flow | 0.80 Cr | -2 Cr | -0.74 Cr | 6 Cr | 0.77 Cr | 7 Cr | -8 Cr | 1 Cr | 9 Cr | -12 Cr |
| Free cash flow (OCF − Capex) | -2 Cr | 43 Cr | -8 Cr | -4 Cr | 5 Cr | -2 Cr | 9 Cr | 4 Cr | 9 Cr | -1 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 4.4% | 3.6% | 2.2% | 1.2% | 2.9% | 2.7% | 3.6% | 4.3% | 4.1% | 3.6% |
| ROE % | 3.4% | 3.1% | 2.3% | 1.4% | 2.4% | 2.4% | 3.0% | 3.5% | 3.2% | 2.7% |
| Debtor days | 53 | 62 | 63 | 70 | 74 | 58 | 51 | 45 | 57 | 61 |
| Inventory days | 55 | 51 | 52 | 63 | 59 | 46 | 37 | 40 | 29 | 48 |
| Days payable | 156 | 157 | 147 | 162 | 183 | 151 | 112 | 130 | 133 | 123 |
| Cash conversion cycle | -48 | -45 | -32 | -29 | -51 | -47 | -24 | -45 | -47 | -14 |
| OCF / EBITDA % | 24.9% | 137.0% | 13.7% | 13.1% | 33.1% | 14.9% | 38.7% | 78.5% | 50.8% | 38.1% |
| OCF / EBITDA % (3 years) | — | — | 63.1% | 69.3% | 21.0% | 20.8% | 29.4% | 48.8% | 56.9% | 55.1% |
| Debt / equity | 0.0052 | 0.0054 | 0.0036 | 0.0068 | 0.0000 | 0.0003 | 0.0011 | 0.0001 | 0.0000 | — |
| Current ratio | 3.00 | 2.91 | 3.23 | 3.02 | 3.50 | 2.29 | 2.40 | 2.16 | 2.37 | 2.24 |
| Net debt / EBITDA | -0.0046 | — | 0.08 | -0.07 | -0.05 | -0.07 | 0.0079 | -0.01 | -0.05 | -0.03 |