Hindustan Tin Works Ltd - Stock Valuation and Financial Performance

BSE: 530315 | NSE: HINDTINWRK | Engineering - Industrial Equipments | Small Cap

Hind Tin Works Share Price

185.80 -3.75 -1.98%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Hind Tin Works

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Hindustan Tin Works stock performance -

mw4me loader
P/E Ratio (SA):
10.72
Market Cap:
193.2 Cr.
52-wk low:
88.5
52-wk high:
248.9

Is Hindustan Tin Works Ltd an attractive stock to invest in?

1. Is Hindustan Tin Works Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hindustan Tin Works Ltd is a below average quality company.

2. Is Hindustan Tin Works Ltd undervalued or overvalued?

The key valuation ratios of Hindustan Tin Works Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Hindustan Tin Works Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hindustan Tin Works Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hind Tin Works:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hindustan Tin Works Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.9%7.3%6.4%5.6%5.8%6.1%6%8.5%7.6%7.9%-
Value Creation
Index
-0.4-0.5-0.5-0.6-0.6-0.6-0.6-0.4-0.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 314318298267315336298326409465413
Sales YoY Gr.-1.3%-6.2%-10.3%17.6%6.9%-11.5%9.5%25.5%13.6%-
Adj EPS 8.177.25.86.37.2713.313.514.517.3
YoY Gr.--14.3%2.9%-19.2%8.6%14%-2%89.2%1.1%8%-
BVPS (₹) 100105117.3124.2132.5138.9145158.8171.9181.9194
Adj Net
Profit
8.57.37.566.67.57.313.91415.118
Cash Flow from Ops. 22.45.112.734.9-6.228.750-11.925.635.6-
Debt/CF from Ops. 3.820.68.22.3-17.83.61.3-7.43.32.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.5%8.1%16%13.6%
Adj EPS 6.7%18.2%27.3%8%
BVPS6.9%6.6%7.9%5.9%
Share Price 18.3% 25.7% 42.7% 92.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.46.86.54.84.95.358.88.18.29.2
Op. Profit
Mgn %
8.38.28.28.67.27.66.99.87.86.88.2
Net Profit
Mgn %
2.72.32.52.32.12.22.54.33.43.34.4
Debt to
Equity
0.810.90.60.80.70.50.50.50.4-
Working Cap
Days
15817719521221020320820618615688
Cash Conv.
Cycle
10613915714913614414914213312056

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Sales growth is growing at healthy rate in last 3 years 16.00%

Net Profit is growing at healthy rate in last 3 years 27.32%

Sales growth is not so good in last 4 quarters at -12.13%

Latest Financials - Hindustan Tin Works Ltd.

Standalone Consolidated
TTM EPS (₹) 17.3 -
TTM Sales (₹ Cr.) 413 -
BVPS (₹.) 194 -
Reserves (₹ Cr.) 191 -
P/BV 0.96 -
PE 10.72 -
From the Market
52 Week Low / High (₹) 88.50 / 248.85
All Time Low / High (₹) 6.50 / 248.85
Market Cap (₹ Cr.) 193
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 50.3

Management X-Ray of Hind Tin Works:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hind Tin Works

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales314318298267315336298326409465
Operating Expenses 288292274245292311277294377433
Manufacturing Costs18171616161922253234
Material Costs238243224191232253223234304354
Employee Cost 16181924252526252933
Other Costs 1513151418146101211
Operating Profit 26262423222620323231
Operating Profit Margin (%) 8.3%8.2%8.1%8.5%7.1%7.6%6.9%9.8%7.8%6.8%
Other Income 2534855557
Interest 101099101110988
Depreciation 5788889888
Exceptional Items 0090300000
Profit Before Tax 1313191016137202123
Tax 5553650566
Profit After Tax 891471088151516
PAT Margin (%) 2.7%2.7%4.7%2.6%3.1%2.3%2.6%4.5%3.7%3.6%
Adjusted EPS (₹)8.18.213.56.89.37.67.314.014.615.9
Dividend Payout Ratio (%)10%12%7%15%11%13%8%9%8%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 104109122129138144151165179189
Share Capital 10101010101010101010
Reserves 9499112119127134140155168179
Minority Interest0000000000
Debt799794701018360817364
Long Term Debt15252818181819181826
Short Term Debt64726652836541635638
Trade Payables40422632301632273114
Others Liabilities 20212527293421232722
Total Liabilities 243269268259297278263297310288

Fixed Assets

Gross Block115127147152156160171173178201
Accumulated Depreciation4756626977839098103109
Net Fixed Assets68718582797881757692
CWIP 6710272252
Investments 330011111112115
Inventories42524151615039647759
Trade Receivables9110210192103101105111107110
Cash Equivalents 1012138665454
Others Assets22222626352421292816
Total Assets 243269268259297278263297310288

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2251335-62950-122636
PBT 1313191016137202123
Adjustment 1215616191717211917
Changes in Working Capital 1-18-712-36429-47-84
Tax Paid -4-4-4-3-5-6-3-5-6-7
Cash Flow From Investing Activity -10-110-3-14-7-5-1-10-17
Capex -13-14-15-3-6-11-7-2-12-21
Net Investments 00130-1201-10-1
Others 2330441235
Cash Flow From Financing Activity -68-12-3720-21-4611-15-20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-1008-10-137
Interest Paid -10-10-9-9-10-11-10-9-8-8
Dividend Paid -1-1-1-1-1-1-1-1-1-1
Others 520-1-1630-17-2522-8-18
Net Cash Flow 621-600-1-21-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.388.0312.135.67.225.595.169.248.838.97
ROCE (%)13.4311.7712.888.8411.039.497.312.1211.2311.72
Asset Turnover Ratio1.51.341.21.11.151.171.11.161.351.55
PAT to CFO Conversion(x)2.750.560.935-0.63.636.25-0.81.732.25
Working Capital Days
Receivable Days911031151211111111261219885
Inventory Days43505358646155576354
Payable Days32181440493439463523

Hindustan Tin Works Ltd Stock News

Hindustan Tin Works Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hind Tin Works on 12-Apr-2024 16:59 is ₹185.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Hind Tin Works stood at ₹193.2.
The latest P/E ratio of Hind Tin Works as of 12-Apr-2024 16:59 is 10.72.
The latest P/B ratio of Hind Tin Works as of 12-Apr-2024 16:59 is 0.96.
The 52-week high of Hind Tin Works is ₹248.8 and the 52-week low is ₹88.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hind Tin Works is ₹412.6 ( Cr.) .

About Hindustan Tin Works Ltd

Hindustan Tin Works Limited (HTWL) was incorporated on December 12, 1958 as a Private Limited Company under Companies Act 1956 for manufacturing and trading of tin/metal containers tin sheets. In the year 1958 the Company took over the assets of a partnership concern named as Hindustan Tin Works which was manufacturing tin/metal containers since 1952.

The story of Hindustan Tin was written when it was born, the company has travelled successfully 50 years to serve the packaging industry to become the largest Can maker of India.

Traditionally, a pioneer and leader in the Metal Container industry, HTW today also provides flexible packaging solutions which are being used extensively for all major FMCG, Food & Non-Food packed products. HTW enjoys a leading position in the country and represents leading producers of tin mill products from all over the world.

Hindustan Tin Works (HTWL), a synonym in the Packaging Industry is your One Shop Stop for all your metal packaging needs.  In a competitive market, packaging plays an important role. It's the quality of the packaging that keeps a product fresh, attractive and untampered.

Hindustan Tin Works (HTW) is the pioneer and leader in the metal container industry. For four decades, we have been meeting the packaging requirements for a host of products, many of them are now brand leaders. Their cans, finds its way to many Indian homes and industries. From baby products, to processed food, coffee, dairy products, paints, lubricants, pesticides etc.

Some of the representative brands of its product (cans) are Lactogen, Cerelac, Everyday, Tata Coffee, Asian Paints, Cherry Blossom, Haldiram rasgullas and much more.

Product range of the company includes:

  • Printed Sheet
  • Cans and Components
  • For Processed Food (OTS) Flattened & Built Up Cans
  • Ring, Lid Tagger Assembly and Bottoms
  • Double Tight(DT) Ring, Lid & Bottoms
  • Single Tight Ring with DT Lid and Bottom
  • Single Tight Ring With Lever Lid and Bottom etc.

Achievements/ recognition:

  • December, 2008 -Hindustan Tin Works wins Asia Can Tech 2008 Food Award  
  • July, 2008 -Hindustan Tin Works wins Asia Can Tech 2007 Food Award for Three-Piece CAN (Shaped Nestle NIDO CAN)  
  • July, 2008 -Hindustan Tin Works wins again 2007 CAN of the Year Bronze Awards for Food Three-Piece Nestle Milkmaid  
  • 18 May, 2005 - Hindustan Tin Works Wins the Award for Export Excellence for outstanding Export Performance during 2001-02  
  • 2005-2006 - Award for Export Excellence (Northon Region)
  •  April, 2003 - Hindustan Tin Works Wins Again 2003 CANS of the Year Silver Awards For Food Three-Piece CANS (Nestle Everyday Ghee) 
  • April, 2003 - Hindustan Tin Works Wins Again 2003 CANS of the Year Silver Awards For Beverage Three-Piece CANS (BDM Apple Juice)  
  • October 30, 2000 - Certificate of ExportExcellence Outstanding Export Performance for the Year 1998-99 Award  
  • October, 1997 - Hindustan Tin Works Wins CAN of the Year 1997 Gold Award For Three-Piece Beverage CANS June, 1996 -Hindustan Tin Works Wins Cannex, 1996 Award General Line CAN of the Year Winner for Nescafe Classic 
  • An ISO 9001 : 2000 certified company
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