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Hisar Spinning Mills

BSE:521068
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
521068
BSE
₹76M
Market Cap
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Last updated 2019/02/23 12:31
Company description

Hisar Spinning Mills Limited manufactures and sells cotton yarn in India. The last earnings update was 9 days ago. More info.

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  • Hisar Spinning Mills has significant price volatility in the past 3 months.
521068 Share Price and Events
7 Day Returns
16.9%
BSE:521068
0.3%
IN Luxury
1%
IN Market
1 Year Returns
-4.7%
BSE:521068
-8.7%
IN Luxury
-8.2%
IN Market
521068 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hisar Spinning Mills (521068) 16.9% 28% 79.4% -4.7% 129.2% -
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 521068 outperformed the Luxury industry which returned -8.7% over the past year.
  • 521068 outperformed the Market in India which returned -8.2% over the past year.
Price Volatility
521068
Industry
5yr Volatility vs Market

521068 Value

 Is Hisar Spinning 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 Hisar Spinning 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hisar Spinning Mills.

BSE:521068 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:521068
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))
= 0.573 (1 + (1- 35%) (32.9%)) 		0.696
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:521068 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hisar Spinning 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:521068 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 23.73 25.43 27.25 29.20 31.29
Source Est @ 7.16% Est @ 7.16% Est @ 7.16% Est @ 7.16% Est @ 7.16%
Present Value
Discounted (@ 13.51%) 		20.91 19.74 18.63 17.59 16.61
Present value of next 5 years cash flows ₹93.47
BSE:521068 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹31.29 × (1 + 7.55%) ÷ (13.51% – 7.55%) 		₹564.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹564.66 ÷ (1 + 13.51%)5 		₹299.65
BSE:521068 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹93.47 + ₹299.65 		₹393.12
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹393.12 / 3.74 		₹105.25
BSE:521068 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹105.25
Current discount Discount to share price of ₹20.40
= -1 x (₹20.40 - ₹105.25) / ₹105.25 		80.6%

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

Current Discount
Amount off the current price Hisar Spinning Mills is available for.
Intrinsic value
>50%
Share price is ₹20.4 vs Future cash flow value of ₹105.25
Current Discount Checks
For Hisar Spinning Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hisar Spinning Mills's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hisar Spinning 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 Hisar Spinning Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hisar Spinning Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:521068 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹4.13
BSE:521068 Share Price ** BSE (2019-02-22) in INR ₹20.4
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

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

** Primary Listing of Hisar Spinning Mills.

BSE:521068 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:521068 Share Price ÷ EPS (both in INR)

= 20.4 ÷ 4.13

 4.94x

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

  • Hisar Spinning Mills is good value based on earnings compared to the IN Luxury industry average.
  • Hisar Spinning Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Hisar Spinning Mills's expected growth come at a high price?
Raw Data
BSE:521068 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -8.9%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*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 Hisar Spinning Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hisar Spinning Mills's assets?
Raw Data
BSE:521068 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹19.94
BSE:521068 Share Price * BSE (2019-02-22) in INR ₹20.4
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:521068 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521068 Share Price ÷ Book Value per Share (both in INR)

= 20.4 ÷ 19.94

 1.02x

* Primary Listing of Hisar Spinning Mills.

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

  • Hisar Spinning Mills is overvalued based on assets compared to the IN Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Hisar Spinning 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. Hisar Spinning Mills has a total score of 4/6, 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.

521068 Future Performance

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

  • No analysts cover Hisar Spinning 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
-8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hisar Spinning Mills expected to grow at an attractive rate?
  • Hisar Spinning 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
  • Hisar Spinning Mills's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Hisar Spinning Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:521068 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:521068 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.9%
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 18.6%
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:521068 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:521068 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 292 15
2018-06-30 290 14
2018-03-31 287 23 14
2017-12-31 290 11
2017-09-30 283 15
2017-06-30 277 8
2017-03-31 269 21 2
2016-12-31 263 5
2016-09-30 249 5
2016-06-30 244 10
2016-03-31 239 30 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hisar Spinning Mills's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Hisar Spinning 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:521068 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 Hisar Spinning Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521068 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 4.13
2018-06-30 3.85
2018-03-31 3.78
2017-12-31 2.86
2017-09-30 4.11
2017-06-30 2.19
2017-03-31 0.45
2016-12-31 1.28
2016-09-30 1.45
2016-06-30 2.76
2016-03-31 1.59

*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 Hisar Spinning Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hisar Spinning 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.
Hisar Spinning 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.

521068 Past Performance

  How has Hisar Spinning 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 Hisar Spinning 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.
  • Hisar Spinning Mills's year on year earnings growth rate has been positive over the past 5 years.
  • Hisar Spinning Mills's 1-year earnings growth exceeds its 5-year average (44.2% vs 5.9%)
  • Hisar Spinning Mills's earnings growth has exceeded the IN Luxury industry average in the past year (44.2% vs 14.1%).
Earnings and Revenue History
Hisar Spinning 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 Hisar Spinning Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521068 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 291.64 15.39 15.40
2018-06-30 290.21 14.39 14.52
2018-03-31 287.36 14.11 14.14
2017-12-31 290.27 10.68 13.73
2017-09-30 283.13 15.10 12.57
2017-06-30 277.30 8.32 10.35
2017-03-31 268.53 1.66 8.06
2016-12-31 262.51 4.80 6.11
2016-09-30 248.77 5.44 4.86
2016-06-30 244.35 10.32 4.43
2016-03-31 239.27 5.95 4.09
2015-12-31 228.91 5.23 5.27
2015-09-30 234.80 3.85 6.02
2015-06-30 238.85 5.81 3.12
2015-03-31 239.22 7.89 3.08
2014-12-31 238.92 10.62 5.00
2014-09-30 226.95 13.51 4.88
2014-06-30 221.19 10.05 2.58
2014-03-31 210.87 11.97 4.41
2013-12-31 203.31 11.40 3.90
2013-09-30 200.57 12.85 3.84
2013-06-30 174.34 10.32 3.87
2013-03-31 175.19 11.34 3.94
2012-12-31 177.40 9.70 4.88
2012-09-30 170.45 10.21 4.70
2012-06-30 163.05 9.30 2.20
2012-03-31 150.30 4.31 4.85

*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.
  • Hisar Spinning Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hisar Spinning Mills used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Hisar Spinning Mills has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Luxury industry
X
Past performance checks
We assess Hisar Spinning 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.
Hisar Spinning Mills has a total score of 6/6, 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.

521068 Health

 How is Hisar Spinning 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 Hisar Spinning Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hisar Spinning Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hisar Spinning Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hisar Spinning 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 3.5x 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 Hisar Spinning Mills Company Filings, last reported 1 month ago.

BSE:521068 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-06-30 73.78 25.07 12.47
2018-03-31 73.78 35.92 11.92
2017-12-31 63.02 30.83 23.65
2017-09-30 63.02 30.83 23.65
2017-06-30
2017-03-31 59.65 55.15 12.66
2016-12-31 74.06 38.19 7.49
2016-09-30 74.06 38.19 7.49
2016-06-30 71.04 45.80 6.53
2016-03-31 71.04 60.42 6.53
2015-12-31 68.61 44.94 0.24
2015-09-30 68.61 44.94 0.24
2015-06-30 65.08 23.16 13.07
2015-03-31 65.08 29.63 13.07
2014-12-31 64.67 20.47 11.55
2014-09-30 64.67 20.47 11.55
2014-06-30 57.20 28.21 4.22
2014-03-31 57.20 35.21 4.22
2013-12-31 51.25 31.49 1.28
2013-09-30 51.25 31.49 1.28
2013-06-30 45.22 51.98 0.14
2013-03-31 45.22 51.98 0.14
2012-12-31
2012-09-30
2012-06-30 33.94 47.27 6.83
2012-03-31 33.88 49.58 6.83
  • Hisar Spinning Mills's level of debt (34%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114.3% vs 34% today).
  • Debt is well covered by operating cash flow (90.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Hisar Spinning 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. Hisar Spinning Mills has a total score of 6/6, 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.

521068 Dividends

 What is Hisar Spinning 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 Hisar Spinning Mills dividends.
If you bought ₹2,000 of Hisar Spinning 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 Hisar Spinning Mills's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hisar Spinning 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:521068 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%

Industry and Market average data is calculated daily.

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

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

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

521068 Management

 What is the CEO of Hisar Spinning 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
Navin Kansal
COMPENSATION ₹1,500,000
TENURE AS CEO 2.2 years
CEO Bio

Mr. Navin Kansal has been the Chief Executive Officer at Hisar Spinning Mills Limited since December 29, 2016. Mr. Kansal has over 21 years experience of manufacture of yarn & financing activities. He has been actively associated as a director of a company manufacturing yarn. He is a Commerce Graduate.

CEO Compensation
  • Navin's compensation has increased by more than 20% in the past year.
  • Navin's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure of the Hisar Spinning Mills management team in years:

2.2
Average Tenure
  • The tenure for the Hisar Spinning Mills management team is about average.
Management Team

Navin Kansal

TITLE
Chief Executive Officer
COMPENSATION
₹2M
TENURE
2.2 yrs

Anurag Gupta

TITLE
MD & Executive Director
COMPENSATION
₹1M
AGE
48
TENURE
2.2 yrs

Sharad Goel

TITLE
Chief Financial Officer
COMPENSATION
₹1M
TENURE
3.8 yrs

Sapna Kansal

TITLE
Whole Time Director
COMPENSATION
₹448K
AGE
45
TENURE
1.2 yrs

Nikita Singla

TITLE
Company Secretary & Compliance Officer
Board of Directors Tenure

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

2.2
Average Tenure
48
Average Age
  • The average tenure for the Hisar Spinning Mills board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anurag Gupta

TITLE
MD & Executive Director
COMPENSATION
₹1M
AGE
48
TENURE
12 yrs

Sapna Kansal

TITLE
Whole Time Director
COMPENSATION
₹448K
AGE
45
TENURE
4.7 yrs

Mithlesh Gupta

TITLE
Additional Independent & Non-Executive Director
COMPENSATION
₹70K
AGE
68
TENURE
2.2 yrs

Sudesh Garg

TITLE
Additional Independent & Non-Executive Director
COMPENSATION
₹70K
AGE
67
TENURE
2.2 yrs

Sandeep Suri

TITLE
Independent Non-Executive Director
COMPENSATION
₹53K
AGE
48
TENURE
2.2 yrs

Nikhil Goel

TITLE
Additional Non-Independent & Non-Executive Director
AGE
37
TENURE
2.2 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 Hisar Spinning 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. Hisar Spinning 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.

521068 News

Simply Wall St News

521068 Company Info

Map
Description

Hisar Spinning Mills Limited manufactures and sells cotton yarn in India. The company was incorporated in 1992 and is based in Hisar, India.

Details
Name: Hisar Spinning Mills Limited
521068
Exchange: BSE
Founded: 1992
₹76,194,000
3,735,000
Website: http://www.hisarspinningmills.com
Address: Hisar Spinning Mills Limited
9th KM Stone,
Hisar Bhiwani Road,
Hisar,
Haryana, 125005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521068 Equity Shares Mumbai Stock Exchange IN INR 18. Apr 2005
Number of employees
Current staff
Staff numbers
61
Hisar Spinning Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:31
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2019/02/14
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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