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Hindoostan Mills

BSE:509895
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
509895
BSE
₹539M
Market Cap
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Last updated 2019/02/18 12:39
Company description

Hindoostan Mills Limited manufactures and sells textiles products in India and internationally. The last earnings update was 12 days ago. More info.

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  • Hindoostan Mills has significant price volatility in the past 3 months.
509895 Share Price and Events
7 Day Returns
-4.7%
BSE:509895
-2.1%
IN Luxury
-2.4%
IN Market
1 Year Returns
-11.1%
BSE:509895
-8.5%
IN Luxury
-9%
IN Market
509895 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hindoostan Mills (509895) -4.7% -2.7% -0.6% -11.1% -10% -16.5%
IN Luxury -2.1% -1.1% -3.2% -8.5% 49.4% 189.7%
IN Market -2.4% -4.1% -4% -9% 41.6% 79.8%
1 Year Return vs Industry and Market
  • 509895 underperformed the Luxury industry which returned -8.5% over the past year.
  • 509895 underperformed the Market in India which returned -9% over the past year.
Price Volatility
509895
Industry
5yr Volatility vs Market

Value

 Is Hindoostan 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 Hindoostan 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 Hindoostan Mills.

BSE:509895 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 13.5%
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:509895
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (16.72%)) 		0.636
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%) 		13.51%

Discounted Cash Flow Calculation for BSE:509895 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hindoostan Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:509895 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 87.80 89.90 92.05 94.26 96.51
Source Est @ 2.39% Est @ 2.39% Est @ 2.39% Est @ 2.39% Est @ 2.39%
Present Value
Discounted (@ 13.51%) 		77.35 69.78 62.94 56.78 51.22
Present value of next 5 years cash flows ₹318.06
BSE:509895 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹96.51 × (1 + 7.55%) ÷ (13.51% – 7.55%) 		₹1,741.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹1,741.58 ÷ (1 + 13.51%)5 		₹924.21
BSE:509895 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹318.06 + ₹924.21 		₹1,242.28
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹1,242.28 / 1.66 		₹746.31
BSE:509895 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹746.31
Current discount Discount to share price of ₹320.00
= -1 x (₹320.00 - ₹746.31) / ₹746.31 		57.1%

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

Current Discount
Amount off the current price Hindoostan Mills is available for.
Intrinsic value
>50%
Share price is ₹320 vs Future cash flow value of ₹746.31
Current Discount Checks
For Hindoostan Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hindoostan Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hindoostan Mills's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Hindoostan Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hindoostan Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:509895 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-58.19
BSE:509895 Share Price ** BSE (2019-02-18) in INR ₹320
India Luxury Industry PE Ratio Median Figure of 238 Publicly-Listed Luxury Companies 11.72x
India Market PE Ratio Median Figure of 2,718 Publicly-Listed Companies 15.15x

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

** Primary Listing of Hindoostan Mills.

BSE:509895 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:509895 Share Price ÷ EPS (both in INR)

= 320 ÷ -58.19

 -5.5x

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

  • Hindoostan Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Hindoostan Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Hindoostan Mills's expected growth come at a high price?
Raw Data
BSE:509895 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 Not available
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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 Hindoostan Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hindoostan Mills's assets?
Raw Data
BSE:509895 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹316.84
BSE:509895 Share Price * BSE (2019-02-18) in INR ₹320
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:509895 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:509895 Share Price ÷ Book Value per Share (both in INR)

= 320 ÷ 316.84

 1.01x

* Primary Listing of Hindoostan Mills.

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

  • Hindoostan Mills is overvalued based on assets compared to the IN Luxury industry average.
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Value checks
We assess Hindoostan 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. Hindoostan 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.

Future Performance

 How is Hindoostan Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hindoostan Mills has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hindoostan Mills expected to grow at an attractive rate?
  • Unable to compare Hindoostan Mills's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hindoostan Mills's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Hindoostan Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:509895 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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:509895 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:509895 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,678 -97
2018-09-30 1,681 -85
2018-06-30 1,629 -93
2018-03-31 1,646 76 -106
2017-12-31 1,695 -106
2017-09-30 1,580 -128
2017-06-30 1,636 -132
2017-03-31 1,554 51 -134
2016-12-31 1,571 -111
2016-09-30 1,605 -86
2016-06-30 1,554 -51
2016-03-31 1,593 100 -23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hindoostan Mills is high growth as no earnings estimate data is available.
  • Unable to determine if Hindoostan 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:509895 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hindoostan Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:509895 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -58.19
2018-09-30 -50.80
2018-06-30 -55.89
2018-03-31 -63.62
2017-12-31 -63.93
2017-09-30 -76.99
2017-06-30 -79.19
2017-03-31 -80.29
2016-12-31 -66.86
2016-09-30 -51.47
2016-06-30 -30.66
2016-03-31 -13.54

*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 Hindoostan Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Hindoostan Mills's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Hindoostan Mills's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Hindoostan Mills's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Hindoostan 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.
Hindoostan 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.

Past Performance

  How has Hindoostan 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 Hindoostan 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.
  • Hindoostan Mills does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hindoostan Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hindoostan Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Hindoostan 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 Hindoostan Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:509895 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 1,678.48 -96.87 193.01
2018-09-30 1,681.21 -84.57 196.27
2018-06-30 1,629.29 -93.03 198.24
2018-03-31 1,646.38 -105.90 201.06
2017-12-31 1,694.86 -106.42 207.60
2017-09-30 1,579.51 -128.15 203.00
2017-06-30 1,635.93 -131.83 198.73
2017-03-31 1,554.34 -133.64 191.23
2016-12-31 1,570.58 -111.30 187.08
2016-09-30 1,605.40 -85.61 179.31
2016-06-30 1,553.74 -50.99 162.08
2016-03-31 1,592.55 -22.54 161.51
2015-12-31 1,602.84 -29.86 213.06
2015-09-30 1,574.64 -30.96 209.86
2015-06-30 1,592.54 -50.86 204.46
2015-03-31 1,537.84 -68.86 139.45
2014-12-31 1,507.65 -45.51 186.11
2014-09-30 1,539.50 -23.20 120.00
2014-06-30 1,526.50 11.00 114.90
2014-03-31 1,466.65 39.49 174.09
2013-12-31 1,439.43 54.31 161.91
2013-09-30 1,211.03 40.31 149.81
2013-06-30 1,077.63 35.41 138.71
2013-03-31 1,074.23 31.01 132.81
2012-12-31 1,025.71 26.87 107.33
2012-06-30 1,116.01 -14.54 113.93
2012-03-31 1,028.01 -18.44 110.99

*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.
  • It is difficult to establish if Hindoostan Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hindoostan Mills has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hindoostan Mills improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hindoostan 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.
Hindoostan 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.

Health

 How is Hindoostan 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 Hindoostan Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hindoostan Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hindoostan Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hindoostan 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 7.4x 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 Hindoostan Mills Company Filings, last reported 1 month ago.

BSE:509895 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 527.42 90.18 30.58
2018-09-30 527.42 90.18 30.58
2018-06-30 594.75 169.47 17.19
2018-03-31 594.75 169.47 17.19
2017-12-31 648.16 148.69 50.23
2017-09-30 648.16 148.69 50.23
2017-06-30 702.69 223.87 15.00
2017-03-31 702.46 221.34 16.46
2016-12-31 778.02 177.95 16.94
2016-09-30 778.02 177.95 16.94
2016-06-30 836.16 214.98 51.15
2016-03-31 836.16 268.02 51.15
2015-12-31 872.65 238.03 47.67
2015-09-30 872.65 238.03 47.67
2015-06-30 867.74 305.42 39.06
2015-03-31 867.74 305.42 39.06
2014-12-31 911.58 208.22 61.12
2014-09-30 911.58 208.22 61.12
2014-06-30 952.38 0.00 22.40
2014-03-31 950.44 0.00 22.40
2013-12-31 962.10 30.00 19.29
2013-09-30 962.10 30.00 19.29
2013-06-30 931.02 0.00 64.56
2013-03-31 931.02 0.00 64.56
2012-12-31
2012-06-30 914.51 9.00 25.95
2012-03-31 914.51 9.00 25.95
  • Hindoostan Mills's level of debt (17.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.1% vs 17.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Hindoostan Mills has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Hindoostan Mills has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.9% per year.
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Hindoostan 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. Hindoostan Mills has a total score of 5/6, 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.

Dividends

 What is Hindoostan 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
0%
Current annual income from Hindoostan Mills dividends.
If you bought ₹2,000 of Hindoostan Mills shares you are expected to receive ₹0 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?
  • Unable to evaluate Hindoostan Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hindoostan Mills's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:509895 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

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

BSE:509895 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-16 0.000 0.000
2018-02-07 0.000 0.000
2017-12-11 0.000 0.000
2017-09-07 0.000 0.000
2017-08-14 0.000 0.000
2016-08-16 4.500 1.195
2016-05-04 4.500 1.217
2015-07-23 4.000 1.059
2015-05-05 4.000 1.021
2014-11-21 10.000 2.110
2014-05-05 10.000 2.080
2013-05-06 7.500 2.346
2012-05-02 5.000 1.597
2011-08-10 5.000 1.422
2010-10-07 5.000 5.872

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

  • Unable to perform a dividend volatility check as Hindoostan Mills has not reported any payouts.
  • Unable to verify if Hindoostan Mills's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hindoostan Mills's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hindoostan Mills has not reported any payouts.
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 Hindoostan 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 Hindoostan Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Hindoostan Mills has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Hindoostan 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
Rajiv Ranjan
COMPENSATION ₹2,619,000
AGE 63
TENURE AS CEO 1.4 years
CEO Bio

Mr. Rajiv Ranjan has been Chief Executive Officer of Hindoostan Mills Limited since September 7, 2017 and its Executive Director. Mr. Ranjan served as the President of Textiles of Mafatlal Industries. He served as Senior Vice President of Mafatlal Denim Limited. Mr. Ranjan is credentialed as an Associate Certified Coach by the International Coach Federation , USA. Mr. Ranjan is having extensive exposure to a gamut of areas including manufacturing, marketing, finance, costing and HR with an overall P&L responsibility of business across the tenure. Mr. Ranjan has also competence in setting up of Greenfield projects and turning around operations while scaling them up into sustainable and profitable business. He has deft in interacting with global stakeholders across various levels of hierarchy including internal as well as customers, senior management and auditors. Mr. Ranjan’s major last assignment was President – Textiles with Mafatlal Industries Limited from January, 1994 to July, 2014. Mr. Ranjan has done B. Tech. in Textile Engineering from IIT, New Delhi and having work experience of more than 38 years in the Textile Industry.

CEO Compensation
  • Insufficient data for Rajiv to compare compensation growth.
  • Rajiv's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Hindoostan Mills management team in years:

0.8
Average Tenure
  • The average tenure for the Hindoostan Mills management team is less than 2 years, this suggests a new team.
Management Team

Rajiv Ranjan

TITLE
CEO & Executive Director
COMPENSATION
₹3M
AGE
63
TENURE
1.4 yrs

Khushaal Thackersey

TITLE
Executive Director
COMPENSATION
₹1M
AGE
30

Shraddha Shettigar

TITLE
CFO & Assistant GM
TENURE
0.8 yrs

Rajesh Singh

TITLE
Company Secretary & Compliance Officer
TENURE
0.1 yrs

Akash Juneja

TITLE
President of Engineering
Board of Directors Tenure

Average tenure and age of the Hindoostan Mills board of directors in years:

2.5
Average Tenure
57
Average Age
  • The average tenure for the Hindoostan Mills board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chandrahas Thackersey

TITLE
Chairman
COMPENSATION
₹150K
AGE
70
TENURE
2.5 yrs

Rajiv Ranjan

TITLE
CEO & Executive Director
COMPENSATION
₹3M
AGE
63
TENURE
1.2 yrs

Sudhir Thackersey

TITLE
Chairman Emeritus
COMPENSATION
₹20K
AGE
83

Khushaal Thackersey

TITLE
Executive Director
COMPENSATION
₹1M
AGE
30
TENURE
2.3 yrs

Bhavesh Panjuani

TITLE
Non-Executive Independent Director
COMPENSATION
₹180K
AGE
51
TENURE
7.7 yrs

Sujal Shah

TITLE
Non-Executive Independent Director
COMPENSATION
₹180K
AGE
50
TENURE
7.7 yrs

Ashok Desai

TITLE
Non-Executive Independent Director
COMPENSATION
₹110K
AGE
65
TENURE
2.5 yrs

Raoul Thackersey

TITLE
Non-Executive Director
COMPENSATION
₹100K
AGE
47
TENURE
12.3 yrs

Pradyumna Vora

TITLE
Additional Independent Director
TENURE
0.5 yrs

Maitreyee Agboatwala

TITLE
Director
TENURE
1.1 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 Hindoostan 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. Hindoostan 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.

News

Simply Wall St News

Company Info

Map
Description

Hindoostan Mills Limited manufactures and sells textiles products in India and internationally. It offers open end yarns, and cotton greige and processed fabrics. The company also manufactures and supplies calendar bowls, calendaring machines, squeeze rolls, and related products for the textile, paper, and steel industries. In addition, it manufactures fabrics, uni-directional fabrics, and other specialized products, as well as provides high performance fabric carbon fiber, glass, and aramide composite reinforcements, specialty chemicals, and composite end products for the infrastructure, automotive, marine, sports, and industrial markets. The company was founded in 1873 and is headquartered in Mumbai, India.

Details
Name: Hindoostan Mills Limited
509895
Exchange: BSE
Founded: 1873
₹539,313,552
1,664,548
Website: http://www.hindoostan.com
Address: Hindoostan Mills Limited
Sir Vithaldas Chambers,
16, Mumbai Samachar Marg,
Mumbai,
Maharashtra, 400001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 509895 Equity Shares Mumbai Stock Exchange IN INR 23. Jun 2004
Number of employees
Current staff
Staff numbers
468
Hindoostan Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:39
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2019/02/06
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.

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