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H P Cotton Textile Mills

BSE:502873
Snowflake Description

Second-rate dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
502873
BSE
₹140M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

H P Cotton Textile Mills Limited manufactures and sells cotton specialty yarns and sewing threads in India. The last earnings update was 64 days ago. More info.


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502873 Share Price and Events
7 Day Returns
2.5%
BSE:502873
1.4%
IN Luxury
1.7%
IN Market
1 Year Returns
3%
BSE:502873
-3.3%
IN Luxury
0.1%
IN Market
502873 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H P Cotton Textile Mills (502873) 2.5% -1.1% -17.4% 3% -23% 41.4%
IN Luxury 1.4% 2% 8.4% -3.3% 47.7% 164.2%
IN Market 1.7% 2.7% 5.8% 0.1% 41.6% 73.3%
1 Year Return vs Industry and Market
  • 502873 outperformed the Luxury industry which returned -3.3% over the past year.
  • 502873 outperformed the Market in India which returned 0.1% over the past year.
Price Volatility
502873
Industry
5yr Volatility vs Market
Related Companies

502873 Value

 Is H P Cotton Textile Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of H P Cotton Textile Mills to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for H P Cotton Textile Mills.

BSE:502873 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 18.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:502873
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 35%) (158.7%))
1.321
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.321 * 8.6%)
18.91%

Discounted Cash Flow Calculation for BSE:502873 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H P Cotton Textile Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:502873 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.91%)
2019 6.29 Est @ 12.75% 5.29
2020 6.99 Est @ 11.19% 4.95
2021 7.70 Est @ 10.1% 4.58
2022 8.42 Est @ 9.33% 4.21
2023 9.16 Est @ 8.8% 3.85
2024 9.93 Est @ 8.42% 3.51
2025 10.74 Est @ 8.16% 3.20
2026 11.60 Est @ 7.98% 2.90
2027 12.51 Est @ 7.85% 2.63
2028 13.48 Est @ 7.76% 2.39
Present value of next 10 years cash flows ₹37.51
BSE:502873 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹13.48 × (1 + 7.55%) ÷ (18.91% – 7.55%)
₹127.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹127.63 ÷ (1 + 18.91%)10
₹22.58
BSE:502873 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹37.51 + ₹22.58
₹60.09
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹60.09 / 3.81
₹15.77
BSE:502873 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹15.77
Current discount Discount to share price of ₹34.85
= -1 x (₹34.85 - ₹15.77) / ₹15.77
-121%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of H P Cotton Textile Mills is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for H P Cotton Textile Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H P Cotton Textile Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:502873 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹6.43
BSE:502873 Share Price ** BSE (2019-04-18) in INR ₹34.85
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.35x
India Market PE Ratio Median Figure of 2,735 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of H P Cotton Textile Mills.

BSE:502873 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:502873 Share Price ÷ EPS (both in INR)

= 34.85 ÷ 6.43

5.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H P Cotton Textile Mills is good value based on earnings compared to the IN Luxury industry average.
  • H P Cotton Textile Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does H P Cotton Textile Mills's expected growth come at a high price?
Raw Data
BSE:502873 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-5.2%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.57x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for H P Cotton Textile Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H P Cotton Textile Mills's assets?
Raw Data
BSE:502873 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹43.56
BSE:502873 Share Price * BSE (2019-04-18) in INR ₹34.85
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,626 Publicly-Listed Companies 1.12x
BSE:502873 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:502873 Share Price ÷ Book Value per Share (both in INR)

= 34.85 ÷ 43.56

0.8x

* Primary Listing of H P Cotton Textile Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H P Cotton Textile Mills is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess H P Cotton Textile Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. H P Cotton Textile Mills has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

502873 Future Performance

 How is H P Cotton Textile Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover H P Cotton Textile Mills, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H P Cotton Textile Mills expected to grow at an attractive rate?
  • H P Cotton Textile Mills's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • H P Cotton Textile Mills's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare H P Cotton Textile Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:502873 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:502873 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -5.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.7%
India Market Revenue Growth Rate Market Cap Weighted Average 11.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:502873 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:502873 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 930 24
2018-09-30 966 13
2018-06-30 1,047 27
2018-03-31 1,074 81 24
2017-12-31 1,055 -3
2017-09-30 991 -19
2017-06-30 935 -30
2017-03-31 902 34 -22
2016-12-31 827 -25
2016-09-30 850 -7
2016-06-30 886 15
2016-03-31 885 13 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • H P Cotton Textile Mills's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if H P Cotton Textile Mills is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:502873 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from H P Cotton Textile Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502873 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 6.43
2018-09-30 3.40
2018-06-30 7.18
2018-03-31 6.18
2017-12-31 -0.74
2017-09-30 -4.88
2017-06-30 -7.77
2017-03-31 -5.65
2016-12-31 -6.63
2016-09-30 -1.89
2016-06-30 3.92
2016-03-31 5.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if H P Cotton Textile Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess H P Cotton Textile Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
H P Cotton Textile Mills has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

502873 Past Performance

  How has H P Cotton Textile Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare H P Cotton Textile Mills's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • H P Cotton Textile Mills's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • H P Cotton Textile Mills has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • H P Cotton Textile Mills has become profitable in the last year making it difficult to compare the IN Luxury industry average.
Earnings and Revenue History
H P Cotton Textile Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from H P Cotton Textile Mills Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502873 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 930.50 24.44 225.70
2018-09-30 966.40 12.94 238.00
2018-06-30 1,046.60 27.34 241.30
2018-03-31 1,074.50 23.54 242.40
2017-12-31 1,055.29 -2.89 218.64
2017-09-30 991.19 -18.89 205.64
2017-06-30 935.40 -29.80 193.30
2017-03-31 902.39 -21.52 189.68
2016-12-31 826.77 -25.18 196.86
2016-09-30 849.57 -7.18 190.46
2016-06-30 886.37 14.82 185.36
2016-03-31 885.07 20.20 181.46
2015-12-31 931.28 24.79 243.70
2015-09-30 944.98 34.29 240.30
2015-06-30 926.18 21.29 239.20
2015-03-31 917.98 19.69 169.07
2014-12-31 930.22 26.19 229.88
2014-09-30 963.12 24.69 226.58
2014-06-30 971.72 33.79 223.68
2014-03-31 975.72 39.79 219.58
2013-12-31 927.14 36.49 207.85
2013-09-30 902.34 42.39 207.35
2013-06-30 873.54 36.89 199.25
2013-03-31 862.54 33.89 194.45
2012-12-31 844.35 30.10 176.26
2012-09-30 787.95 18.00 164.86
2012-06-30 763.25 15.10 160.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • H P Cotton Textile Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • H P Cotton Textile Mills used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • H P Cotton Textile Mills's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess H P Cotton Textile Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
H P Cotton Textile Mills has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

502873 Health

 How is H P Cotton Textile Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up H P Cotton Textile Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H P Cotton Textile Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H P Cotton Textile Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of H P Cotton Textile Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from H P Cotton Textile Mills Company Filings, last reported 3 months ago.

BSE:502873 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 166.00 221.60 50.10
2018-09-30 166.00 221.60 50.10
2018-06-30
2018-03-31 189.84 258.03 68.92
2017-12-31 156.20 206.60 68.00
2017-09-30 156.20 206.60 68.00
2017-06-30 165.70 196.30 21.10
2017-03-31 165.70 202.52 7.14
2016-12-31 174.70 99.20 20.90
2016-09-30 174.70 99.20 20.90
2016-06-30 187.99 107.80 7.88
2016-03-31 187.99 107.80 8.04
2015-12-31 186.60 82.60 12.40
2015-09-30 186.60 82.60 12.40
2015-06-30 172.37 107.10 10.39
2015-03-31 172.37 107.10 10.39
2014-12-31 154.40 127.30 20.20
2014-09-30 154.40 127.30 20.20
2014-06-30 176.31 128.12 9.18
2014-03-31 176.31 128.12 9.18
2013-12-31 155.80 138.10 9.10
2013-09-30 155.80 138.10 9.10
2013-06-30 140.99 150.15 14.50
2013-03-31 140.99 150.15 14.50
2012-12-31 117.70 143.90 10.20
2012-09-30 117.70 143.90 10.20
2012-06-30 111.55 180.48 12.24
  • H P Cotton Textile Mills's level of debt (133.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (88.4% vs 133.5% today).
  • Debt is well covered by operating cash flow (36.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess H P Cotton Textile Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. H P Cotton Textile Mills has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

502873 Dividends

 What is H P Cotton Textile Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.87%
Current annual income from H P Cotton Textile Mills dividends.
If you bought ₹2,000 of H P Cotton Textile Mills shares you are expected to receive ₹57 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • H P Cotton Textile Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.49%).
  • H P Cotton Textile Mills's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:502873 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:502873 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-30 1.000 2.508
2018-02-12 0.000 0.000
2017-12-13 0.000 0.000
2017-08-14 0.000 0.000
2017-07-11 0.000 0.000
2017-05-29 0.000 0.000
2016-08-12 1.000 2.468
2015-08-13 1.000 2.101
2015-05-29 1.000 2.426
2014-08-14 1.000 3.618
2014-05-30 1.000 3.329
2013-07-24 1.000 4.723

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, H P Cotton Textile Mills has been paying a dividend for less than 10 years.
  • H P Cotton Textile Mills has only been paying a dividend for 6 years, and since then there has been no growth.
Current Payout to shareholders
What portion of H P Cotton Textile Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess H P Cotton Textile Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can H P Cotton Textile Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H P Cotton Textile Mills has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

502873 Management

 What is the CEO of H P Cotton Textile Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Raghav Agarwal
COMPENSATION ₹1,106,019
TENURE AS CEO 1.7 years
CEO Bio

Mr. Raghav Kumar Agarwal has been Chief Executive Officer of HP Cotton Textile Mills Ltd. since August 14, 2017. Mr. Agarwal served as Chief Financial Officer of HP Cotton Textile Mills Ltd. since November 4, 2016.

CEO Compensation
  • Raghav's compensation has increased in line with H P Cotton Textile Mills recently becoming profitable.
  • Raghav's remuneration is about average for companies of similar size in India.
Management Team

Raghav Agarwal

TITLE
CEO & CFO
COMPENSATION
₹1M
TENURE
1.7 yrs

Shashikant Saha

TITLE
Vice President - Technical
COMPENSATION
₹1M

Shashi Kumar

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹945K
TENURE
2.1 yrs

Kailash Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹1M
AGE
57

Ashok Agarwal

TITLE
Joint MD & Executive Director
COMPENSATION
₹1M
AGE
61

Surender Agarwal

TITLE
President of Commercial
COMPENSATION
₹1M

Avinash Singh

TITLE
General Manager of HR & Admin.
Board of Directors Tenure

Average tenure and age of the H P Cotton Textile Mills board of directors in years:

11.9
Average Tenure
60
Average Age
  • The average tenure for the H P Cotton Textile Mills board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kailash Agarwal

TITLE
MD & Executive Director
COMPENSATION
₹1M
AGE
57
TENURE
7.8 yrs

Ashok Agarwal

TITLE
Joint MD & Executive Director
COMPENSATION
₹1M
AGE
61
TENURE
29.7 yrs

Bibhuti Talukdar

TITLE
Non-Executive Independent Director
COMPENSATION
₹80K
AGE
82
TENURE
14.5 yrs

Parshotam Agarwal

TITLE
Non-Executive Independent Director
COMPENSATION
₹85K
AGE
72
TENURE
14.7 yrs

Mohan Jain

TITLE
Non-Executive Independent Director
COMPENSATION
₹65K
AGE
59
TENURE
9.3 yrs

Ritu Bansal

TITLE
Non-Executive Independent Director
COMPENSATION
₹80K
AGE
43
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess H P Cotton Textile Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. H P Cotton Textile Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

502873 News

Simply Wall St News

502873 Company Info

Description

H P Cotton Textile Mills Limited manufactures and sells cotton specialty yarns and sewing threads in India. It offers crocheta crochet, embroidery, lace, patchwork and quiliting, kite flying, and cotton sewing, and mercerized cotton threads; and peecock hand knitting yarns for a range of domestic and industrial applications. The company also exports its products to approximately 63 countries worldwide. H P Cotton Textile Mills Limited was incorporated in 1981 and is based in New Delhi, India.

Details
Name: H P Cotton Textile Mills Limited
502873
Exchange: BSE
Founded: 1981
₹139,636,500
3,810,000
Website: http://www.hpthread.com
Address: H P Cotton Textile Mills Limited
F-0, The Mira Corporate Suites,
1 & 2, Old Ishwar Nagar,
New Delhi,
Delhi, 110065,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 502873 Equity Shares Mumbai Stock Exchange IN INR 31. Dec 2001
Number of employees
Current staff
Staff numbers
1,418
H P Cotton Textile Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:34
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.