BSE: 530315 | NSE: HINDTINWRK | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hindustan Tin Works Ltd is a below average quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ⓘ | 314 | 318 | 298 | 267 | 315 | 336 | 298 | 326 | 409 | 465 | 413 |
| Sales YoY Gr. | - | 1.3% | -6.2% | -10.3% | 17.6% | 6.9% | -11.5% | 9.5% | 25.5% | 13.6% | - |
| Adj EPS ⓘ | 8.1 | 7 | 7.2 | 5.8 | 6.3 | 7.2 | 7 | 13.3 | 13.5 | 14.5 | 17.3 |
| YoY Gr. | - | -14.3% | 2.9% | -19.2% | 8.6% | 14% | -2% | 89.2% | 1.1% | 8% | - |
| BVPS (₹) ⓘ | 100 | 105 | 117.3 | 124.2 | 132.5 | 138.9 | 145 | 158.8 | 171.9 | 181.9 | 194 |
| Adj Net Profit ⓘ | 8.5 | 7.3 | 7.5 | 6 | 6.6 | 7.5 | 7.3 | 13.9 | 14 | 15.1 | 18 |
| Cash Flow from Ops. ⓘ | 22.4 | 5.1 | 12.7 | 34.9 | -6.2 | 28.7 | 50 | -11.9 | 25.6 | 35.6 | - |
| Debt/CF from Ops. ⓘ | 3.8 | 20.6 | 8.2 | 2.3 | -17.8 | 3.6 | 1.3 | -7.4 | 3.3 | 2.1 | - |
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% | ||||
| BVPSⓘ | 6.9% | 6.6% | 7.9% | 5.9% | ||||
| Share Price | 17.6% | 23.3% | 41.1% | 81.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.4 | 6.8 | 6.5 | 4.8 | 4.9 | 5.3 | 5 | 8.8 | 8.1 | 8.2 | 9.2 |
| Op. Profit Mgn % ⓘ | 8.3 | 8.2 | 8.2 | 8.6 | 7.2 | 7.6 | 6.9 | 9.8 | 7.8 | 6.8 | 8.2 |
| Net Profit Mgn % ⓘ | 2.7 | 2.3 | 2.5 | 2.3 | 2.1 | 2.2 | 2.5 | 4.3 | 3.4 | 3.3 | 4.4 |
| Debt to Equity ⓘ | 0.8 | 1 | 0.9 | 0.6 | 0.8 | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 158 | 177 | 195 | 212 | 210 | 203 | 208 | 206 | 186 | 156 | 88 |
| Cash Conv. Cycle ⓘ | 106 | 139 | 157 | 149 | 136 | 144 | 149 | 142 | 133 | 120 | 56 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 17.3 | - |
| TTM Sales (₹ Cr.) | 413 | - |
| BVPS (₹.) ⓘ | 194 | - |
| Reserves (₹ Cr.) ⓘ | 191 | - |
| P/BV ⓘ | 0.92 | - |
| PE ⓘ | 10.33 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 88.50 / 248.85 |
| All Time Low / High (₹) | 6.50 / 248.85 |
| Market Cap (₹ Cr.) | 186 |
| Equity (₹ Cr.) | 10.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 314 | 318 | 298 | 267 | 315 | 336 | 298 | 326 | 409 | 465 |
| Operating Expenses ⓘ | 288 | 292 | 274 | 245 | 292 | 311 | 277 | 294 | 377 | 433 |
| Manufacturing Costs | 18 | 17 | 16 | 16 | 16 | 19 | 22 | 25 | 32 | 34 |
| Material Costs | 238 | 243 | 224 | 191 | 232 | 253 | 223 | 234 | 304 | 354 |
| Employee Cost | 16 | 18 | 19 | 24 | 25 | 25 | 26 | 25 | 29 | 33 |
| Other Costs ⓘ | 15 | 13 | 15 | 14 | 18 | 14 | 6 | 10 | 12 | 11 |
| Operating Profit ⓘ | 26 | 26 | 24 | 23 | 22 | 26 | 20 | 32 | 32 | 31 |
| 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 ⓘ | 2 | 5 | 3 | 4 | 8 | 5 | 5 | 5 | 5 | 7 |
| Interest ⓘ | 10 | 10 | 9 | 9 | 10 | 11 | 10 | 9 | 8 | 8 |
| Depreciation ⓘ | 5 | 7 | 8 | 8 | 8 | 8 | 9 | 8 | 8 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 9 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 13 | 13 | 19 | 10 | 16 | 13 | 7 | 20 | 21 | 23 |
| Tax ⓘ | 5 | 5 | 5 | 3 | 6 | 5 | 0 | 5 | 6 | 6 |
| Profit After Tax | 8 | 9 | 14 | 7 | 10 | 8 | 8 | 15 | 15 | 16 |
| PAT Margin (%) | 2.7% | 2.7% | 4.7% | 2.6% | 3.1% | 2.3% | 2.6% | 4.5% | 3.7% | 3.6% |
| Adjusted EPS (₹) | 8.1 | 8.2 | 13.5 | 6.8 | 9.3 | 7.6 | 7.3 | 14.0 | 14.6 | 15.9 |
| Dividend Payout Ratio (%) | 10% | 12% | 7% | 15% | 11% | 13% | 8% | 9% | 8% | 8% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 104 | 109 | 122 | 129 | 138 | 144 | 151 | 165 | 179 | 189 |
| Share Capital ⓘ | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves ⓘ | 94 | 99 | 112 | 119 | 127 | 134 | 140 | 155 | 168 | 179 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 79 | 97 | 94 | 70 | 101 | 83 | 60 | 81 | 73 | 64 |
| Long Term Debt | 15 | 25 | 28 | 18 | 18 | 18 | 19 | 18 | 18 | 26 |
| Short Term Debt | 64 | 72 | 66 | 52 | 83 | 65 | 41 | 63 | 56 | 38 |
| Trade Payables | 40 | 42 | 26 | 32 | 30 | 16 | 32 | 27 | 31 | 14 |
| Others Liabilities ⓘ | 20 | 21 | 25 | 27 | 29 | 34 | 21 | 23 | 27 | 22 |
| Total Liabilities ⓘ | 243 | 269 | 268 | 259 | 297 | 278 | 263 | 297 | 310 | 288 |
Fixed Assets | ||||||||||
| Gross Block | 115 | 127 | 147 | 152 | 156 | 160 | 171 | 173 | 178 | 201 |
| Accumulated Depreciation | 47 | 56 | 62 | 69 | 77 | 83 | 90 | 98 | 103 | 109 |
| Net Fixed Assetsⓘ | 68 | 71 | 85 | 82 | 79 | 78 | 81 | 75 | 76 | 92 |
| CWIP ⓘ | 6 | 7 | 1 | 0 | 2 | 7 | 2 | 2 | 5 | 2 |
| Investmentsⓘ | 3 | 3 | 0 | 0 | 11 | 11 | 11 | 12 | 11 | 5 |
| Inventories | 42 | 52 | 41 | 51 | 61 | 50 | 39 | 64 | 77 | 59 |
| Trade Receivables | 91 | 102 | 101 | 92 | 103 | 101 | 105 | 111 | 107 | 110 |
| Cash Equivalents | 10 | 12 | 13 | 8 | 6 | 6 | 5 | 4 | 5 | 4 |
| Others Assetsⓘ | 22 | 22 | 26 | 26 | 35 | 24 | 21 | 29 | 28 | 16 |
| Total Assets ⓘ | 243 | 269 | 268 | 259 | 297 | 278 | 263 | 297 | 310 | 288 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 22 | 5 | 13 | 35 | -6 | 29 | 50 | -12 | 26 | 36 |
| PBT ⓘ | 13 | 13 | 19 | 10 | 16 | 13 | 7 | 20 | 21 | 23 |
| Adjustment ⓘ | 12 | 15 | 6 | 16 | 19 | 17 | 17 | 21 | 19 | 17 |
| Changes in Working Capital ⓘ | 1 | -18 | -7 | 12 | -36 | 4 | 29 | -47 | -8 | 4 |
| Tax Paid ⓘ | -4 | -4 | -4 | -3 | -5 | -6 | -3 | -5 | -6 | -7 |
| Cash Flow From Investing Activity ⓘ | -10 | -11 | 0 | -3 | -14 | -7 | -5 | -1 | -10 | -17 |
| Capex | -13 | -14 | -15 | -3 | -6 | -11 | -7 | -2 | -12 | -21 |
| Net Investments | 0 | 0 | 13 | 0 | -12 | 0 | 1 | -1 | 0 | -1 |
| Others ⓘ | 2 | 3 | 3 | 0 | 4 | 4 | 1 | 2 | 3 | 5 |
| Cash Flow From Financing Activityⓘ | -6 | 8 | -12 | -37 | 20 | -21 | -46 | 11 | -15 | -20 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | -10 | 0 | 8 | -10 | -1 | 3 | 7 |
| 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 ⓘ | 5 | 20 | -1 | -16 | 30 | -17 | -25 | 22 | -8 | -18 |
| Net Cash Flow ⓘ | 6 | 2 | 1 | -6 | 0 | 0 | -1 | -2 | 1 | -2 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.38 | 8.03 | 12.13 | 5.6 | 7.22 | 5.59 | 5.16 | 9.24 | 8.83 | 8.97 |
| ROCE (%) | 13.43 | 11.77 | 12.88 | 8.84 | 11.03 | 9.49 | 7.3 | 12.12 | 11.23 | 11.72 |
| Asset Turnover Ratio | 1.5 | 1.34 | 1.2 | 1.1 | 1.15 | 1.17 | 1.1 | 1.16 | 1.35 | 1.55 |
| PAT to CFO Conversion(x) | 2.75 | 0.56 | 0.93 | 5 | -0.6 | 3.63 | 6.25 | -0.8 | 1.73 | 2.25 | Working Capital Days |
| Receivable Days | 91 | 103 | 115 | 121 | 111 | 111 | 126 | 121 | 98 | 85 |
| Inventory Days | 43 | 50 | 53 | 58 | 64 | 61 | 55 | 57 | 63 | 54 |
| Payable Days | 32 | 18 | 14 | 40 | 49 | 34 | 39 | 46 | 35 | 23 |
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:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
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