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Hindoostan Mills Limited manufactures and sells textiles products in India and internationally. The last earnings update was 12 days ago. More info.
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% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Hindoostan Mills.
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.
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.
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 |
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 |
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 |
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 .
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.
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 >
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 >
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 |
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 >
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.
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.
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 |
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.
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.
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.
How has Hindoostan Mills performed over the past 5 years?
All data from Hindoostan Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
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.
How is Hindoostan Mills's financial health and their level of debt?
All data from Hindoostan Mills Company Filings, last reported 1 month ago.
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 |
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
What is Hindoostan Mills's current dividend yield, its reliability and sustainability?
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.
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 >
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.
Average tenure of the Hindoostan Mills management team in years:
Average tenure and age of the Hindoostan Mills board of directors in years:
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.
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 |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
BSE | 509895 | Equity Shares | Mumbai Stock Exchange | IN | INR | 23. Jun 2004 |
Textiles | |
Consumer Durables |
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.