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Hind Aluminium Industries Ltd. Stock Analysis

Small Cap
Evaluated by 307 users | BSE: 531979 | NSE: |
Aluminium & Aluminium Products
Hind Aluminium Industries Limited formerly known as Associated Profiles & Aluminium Limited, the Associated Group of companies began operations in 1973.  The company's principal activity is to manufacture aluminium and power generation. It operates in three segments namely Aluminium...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.46%9.84%9.38%10.55%9.82%9.06%10.96%7.38%9.27%6.8%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 184361407433442441721498660542
Y-o-Y Gr. Rt.-96.8%12.8%6.3%2%-0.1%63.3%-30.9%32.5%-18%
Adjusted EPS (Rs.) 5.478.0310.5110.169.3111.5614.39.6112.55.96
Y-o-Y Gr. Rt.-46.8%30.9%-3.3%-8.4%24.2%23.7%-32.8%30.1%-52.3%
Book Value per Share (Rs.) 64.6366.4475.1883.5991.14100.42112.79122.72133.29130.56
Adjusted Net Profit 2.75.16.66.45.97.396.17.93.8
Net Op. Cash Flow (Rs. Cr.) 7.9-32.56.713.515.8-3019.224.7-39.261.9
Debt to Cash Flow from Ops 3.39-1.910.554.012.7-2.714.283.18-3.191.27
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Hind Aluminium Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.8%4.2%-9.1%-18%
Adjusted EPS 1%-8.5%-25.3%-52.3%
Book Value per Share 8.17.55-2.1
Share Price -1.7% -9.8% -27.2% -37.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 8.7113.6414.8412.810.6512.0713.418.169.764.52
Operating Profit Margin (%) 3.523.443.243.433.273.563.473.623.532.65
Net Profit Margin (%) 1.491.41.631.481.331.651.251.221.190.69
Debt to Equity 0.831.471.481.020.741.291.161.021.490.95
Working Capital Days 917689838311189129107127
Cash Conversion Cycle 50486355486049726786
Entity Percentage Holding
Promoters 62.12%
Institutions 0.01%
Non-Institutions 37.87%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Hind Aluminium's performance infers:

Hind Aluminium earnings have declined by -8.5%, whereas share price has depreciated -9.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Hind Aluminium share prices over the last 10 years. Here is what we found out:

Hind Aluminium share price has depreciated -4.3% annually over the past ten years.

Hind Aluminium Industries Limited formerly known as Associated Profiles & Aluminium Limited, the Associated Group of companies began operations in 1973.  The company's principal activity is to manufacture aluminium and power generation. It operates in three segments namely Aluminium Product, Minerals and Power. Its product includes aluminium wire rod and bauxite. They are leading secondary manufacturer ofAluminium Wire Rods in the country. They have an installed capacity of 25000

Hind Aluminium Industries Limited formerly known as Associated Profiles & Aluminium Limited, the Associated Group of companies began operations in 1973.  The company's principal activity is to manufacture aluminium and power generation. It operates in three segments namely Aluminium Product, Minerals and Power. Its product includes aluminium wire rod and bauxite. They are leading secondary manufacturer ofAluminium Wire Rods in the country. They have an installed capacity of 25000 MT.

Its first manufacturing unit an aluminium rolling mill, was set up at Taloja in the state of Maharashtra. After developing a loyal customer base in the aluminium market for over a decade, in 1987, it expanded its activities further by setting up a facility for the manufacture of aluminium security grills in the union territory of Daman. In addition, this unit also took up complete fabrication jobs which included setting up door and window frames.

Today its brand Decogrille is the most widely used aluminium security grill throughout the country. It has also succeeded in exporting this product to neighbouring countries.

In 1996, it entered into a collaboration with Focchi Spa, an Italian company which undertook curtain walling jobs. This part of their business, also situated at Daman, is equipped with the technology to design and execute a complete curtain-wall job, which involves a complete glass exterior for building structures.

In 1996, one of its group companies, Associated Profiles and Aluminium Ltd. made its Initial Public Offering in the capital markets. A unit, Hind Aluminium, was set up in Silvassa (union territory Dadra & Nagar Haveli) to manufacture aluminium alloy and electrical grade wire rods. This product is used by conductor manufacturers for power transmission.

In 1997, Associated Aluminium Industries (P) Ltd. also set up another rolling mill operation in Silvassa. In addition to the above manufacturing activities, their indenting division is also active in non-ferrous metals like aluminium, copper, zinc and nickel. It also import minerals like sulphur, rock phosphate and coal.

Product range of the company includes:

  • Alloy Ingots
  • EC Wire Rods
  • Flipped Wire Rod
  • Aluminium Grills
  • Aluminium Floorings
  • Aluminium Frames
  • Surface Coatings
  • Structural Glazings
  • Curtain Wall Systems

Achievements/ recognition:-

  • They are an ISO 9001:2000 accredited company.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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