New Risk • May 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (₹1.15b market cap, or US$12.0m). Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹8.52 (vs ₹11.81 in FY 2025) Full year 2026 results: EPS: ₹8.52 (down from ₹11.81 in FY 2025). Revenue: ₹4.25b (up 4.1% from FY 2025). Net income: ₹83.1m (down 32% from FY 2025). Profit margin: 2.0% (down from 3.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 28
Hindustan Tin Works Limited Recommends Final Dividend for Financial Year Ended March 31, 2026 The board of directors of Hindustan Tin Works Limited in its meeting held on May 28, 2026 recommended a final dividend of INR 0.75 per equity share (7.5% per Equity Share) for the financial year 2025-26 subject To Approve the Shareholders. Announcement • May 19
Hindustan Tin Works Limited to Report Q4, 2026 Results on May 28, 2026 Hindustan Tin Works Limited announced that they will report Q4, 2026 results on May 28, 2026 New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹917.8m (US$9.69m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.1% per year over the past 5 years. Market cap is less than US$10m (₹917.8m market cap, or US$9.69m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Buy Or Sell Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to ₹119. The fair value is estimated to be ₹149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 11%. Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹2.45 (vs ₹3.08 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.45 (down from ₹3.08 in 3Q 2025). Revenue: ₹887.9m (flat on 3Q 2025). Net income: ₹24.0m (down 22% from 3Q 2025). Profit margin: 2.7% (down from 3.5% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to ₹132. The fair value is estimated to be ₹165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 8.8%. Announcement • Feb 02
Hindustan Tin Works Limited to Report Q3, 2026 Results on Feb 11, 2026 Hindustan Tin Works Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Buy Or Sell Opportunity • Jan 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹126. The fair value is estimated to be ₹160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 8.8%. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹148, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 39% over the past three years. New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹1.37b market cap, or US$15.1m). Buy Or Sell Opportunity • Dec 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹119. The fair value is estimated to be ₹157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 8.8%. Buy Or Sell Opportunity • Nov 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹119. The fair value is estimated to be ₹157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has declined by 8.8%. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹1.69 (vs ₹3.62 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.69 (down from ₹3.62 in 2Q 2025). Revenue: ₹1.18b (up 7.5% from 2Q 2025). Net income: ₹17.3m (down 58% from 2Q 2025). Profit margin: 1.5% (down from 3.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 03
Hindustan Tin Works Limited to Report Q2, 2026 Results on Nov 12, 2025 Hindustan Tin Works Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 12
Upcoming dividend of ₹0.80 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 26 October 2025. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Declared Dividend • Aug 22
Dividend reduced to ₹0.80 Dividend of ₹0.80 is 33% lower than last year. Ex-date: 19th September 2025 Payment date: 26th October 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 14
Hindustan Tin Works Limited, Annual General Meeting, Sep 26, 2025 Hindustan Tin Works Limited, Annual General Meeting, Sep 26, 2025. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹2.53 (vs ₹1.44 in 1Q 2025) First quarter 2026 results: EPS: ₹2.53 (up from ₹1.44 in 1Q 2025). Revenue: ₹1.20b (up 12% from 1Q 2025). Net income: ₹27.6m (up 68% from 1Q 2025). Profit margin: 2.3% (up from 1.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Aug 04
Hindustan Tin Works Limited to Report Q1, 2026 Results on Aug 13, 2025 Hindustan Tin Works Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Recent Insider Transactions • Jun 29
MD & Director recently sold ₹1.2m worth of stock On the 27th of June, Sanjay Bhatia sold around 8k shares on-market at roughly ₹167 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sanjay's only on-market trade for the last 12 months. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹11.19 (vs ₹16.39 in FY 2024) Full year 2025 results: EPS: ₹11.19 (down from ₹16.39 in FY 2024). Revenue: ₹4.11b (down 2.4% from FY 2024). Net income: ₹122.8m (down 28% from FY 2024). Profit margin: 3.0% (down from 4.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 16
Hindustan Tin Works Limited to Report Q4, 2025 Results on May 27, 2025 Hindustan Tin Works Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹164, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 102% over the past three years. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹3.08 (vs ₹5.17 in 3Q 2024) Third quarter 2025 results: EPS: ₹3.08 (down from ₹5.17 in 3Q 2024). Revenue: ₹899.2m (down 8.3% from 3Q 2024). Net income: ₹30.7m (down 42% from 3Q 2024). Profit margin: 3.4% (down from 5.4% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 01
Hindustan Tin Works Limited to Report Q3, 2025 Results on Feb 12, 2025 Hindustan Tin Works Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹182, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 65% over the past three years. Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: ₹3.62 (vs ₹6.24 in 2Q 2024) Second quarter 2025 results: EPS: ₹3.62 (down from ₹6.24 in 2Q 2024). Revenue: ₹1.11b (down 4.8% from 2Q 2024). Net income: ₹41.3m (down 36% from 2Q 2024). Profit margin: 3.7% (down from 5.5% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Nov 09
Hindustan Tin Works Limited to Report Q2, 2025 Results on Nov 14, 2024 Hindustan Tin Works Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Declared Dividend • Sep 04
Dividend of ₹1.20 announced Dividend of ₹1.20 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
Hindustan Tin Works Limited, Annual General Meeting, Sep 27, 2024 Hindustan Tin Works Limited, Annual General Meeting, Sep 27, 2024. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹1.44 (vs ₹1.86 in 1Q 2024) First quarter 2025 results: EPS: ₹1.44 (down from ₹1.86 in 1Q 2024). Revenue: ₹1.08b (down 7.6% from 1Q 2024). Net income: ₹16.4m (down 27% from 1Q 2024). Profit margin: 1.5% (down from 1.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Aug 03
Hindustan Tin Works Limited to Report Q1, 2025 Results on Aug 14, 2024 Hindustan Tin Works Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.01b market cap, or US$24.0m). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹199, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹142, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 67% over the past three years. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹16.28 (vs ₹15.86 in FY 2023) Full year 2024 results: EPS: ₹16.28 (up from ₹15.86 in FY 2023). Revenue: ₹4.29b (down 8.0% from FY 2023). Net income: ₹170.4m (up 3.3% from FY 2023). Profit margin: 4.0% (up from 3.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • May 20
Hindustan Tin Works Limited to Report Q4, 2024 Results on May 28, 2024 Hindustan Tin Works Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹194, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 200% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹5.17 (vs ₹2.70 in 3Q 2023) Third quarter 2024 results: EPS: ₹5.17 (up from ₹2.70 in 3Q 2023). Revenue: ₹989.9m (up 21% from 3Q 2023). Net income: ₹53.2m (up 102% from 3Q 2023). Profit margin: 5.4% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Hindustan Tin Works Limited to Report Nine Months, 2024 Results on Feb 14, 2024 Hindustan Tin Works Limited announced that they will report nine months, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹225, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 22x in the Packaging industry in India. Total returns to shareholders of 284% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹6.24 (vs ₹5.52 in 2Q 2023) Second quarter 2024 results: EPS: ₹6.24 (up from ₹5.52 in 2Q 2023). Revenue: ₹1.18b (down 19% from 2Q 2023). Net income: ₹64.4m (up 14% from 2Q 2023). Profit margin: 5.4% (up from 3.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
Hindustan Tin Works Limited to Report Q2, 2024 Results on Nov 09, 2023 Hindustan Tin Works Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Nov 09, 2023 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₹169, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 25x in the Packaging industry in India. Total returns to shareholders of 300% over the past three years. Upcoming Dividend • Sep 14
Upcoming dividend of ₹1.20 per share at 1.0% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 7.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.9%). Announcement • Sep 02
Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2023 Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet as at 31 March 2023 and the Statement of Profit & Loss Account for the year ended on that date and the report of the Board of Directors and Auditors' thereon; to declare dividend on equity shares for the financial year ended 31 March 2023; to appoint a Director in place of Mr. Prit Pal Singh who retires by rotation as per the provisions of section 152 of the Companies Act, 2013 and being eligible offers himself for re-appointment; and to consider other matters. Announcement • Aug 11
Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2023 Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹1.86 (vs ₹4.00 in 1Q 2023) First quarter 2024 results: EPS: ₹1.86 (down from ₹4.00 in 1Q 2023). Revenue: ₹1.18b (down 24% from 1Q 2023). Net income: ₹22.5m (down 47% from 1Q 2023). Profit margin: 1.9% (down from 2.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹138, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 20x in the Packaging industry in India. Total returns to shareholders of 242% over the past three years. Announcement • Aug 01
Hindustan Tin Works Limited to Report Q1, 2024 Results on Aug 10, 2023 Hindustan Tin Works Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 10, 2023 Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹11.29 (vs ₹14.61 in FY 2022) Full year 2023 results: EPS: ₹11.29. Revenue: ₹4.72b (up 15% from FY 2022). Net income: ₹165.0m (up 8.6% from FY 2022). Profit margin: 3.5% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 19
Hindustan Tin Works Limited to Report Q4, 2023 Results on May 27, 2023 Hindustan Tin Works Limited announced that they will report Q4, 2023 results on May 27, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹2.70 (vs ₹2.04 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.70 (up from ₹2.04 in 3Q 2022). Revenue: ₹828.9m (down 9.0% from 3Q 2022). Net income: ₹26.3m (up 8.2% from 3Q 2022). Profit margin: 3.2% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Hindustan Tin Works Limited to Report Q3, 2023 Results on Feb 14, 2023 Hindustan Tin Works Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹96.35, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 15x in the Packaging industry in India. Total returns to shareholders of 99% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹5.52 (vs ₹4.39 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.52 (up from ₹4.39 in 2Q 2022). Revenue: ₹1.49b (up 36% from 2Q 2022). Net income: ₹56.3m (up 22% from 2Q 2022). Profit margin: 3.8% (down from 4.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Women Director Aarti Sawhney was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹5.52 (vs ₹4.39 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.52 (up from ₹4.39 in 2Q 2022). Revenue: ₹1.49b (up 36% from 2Q 2022). Net income: ₹56.3m (up 22% from 2Q 2022). Profit margin: 3.8% (down from 4.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Announcement • Nov 05
Hindustan Tin Works Limited to Report Q2, 2023 Results on Nov 11, 2022 Hindustan Tin Works Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Sep 15
Hindustan Tin Works Limited Recommends Dividend The Annual General Meeting of Hindustan Tin Works Limited is scheduled to be held on Wednesday 28 September, 2022. The Board of Directors in their meeting held on 27 May, 2022 have recommended dividend of INR 1.20 per Equity Shares (12%) subject to approval of shareholders in its Annual General Meeting. Upcoming Dividend • Sep 14
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (1.1%). Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹4.00 (vs ₹4.87 in 1Q 2022) First quarter 2023 results: EPS: ₹4.00 (down from ₹4.87 in 1Q 2022). Revenue: ₹1.57b (up 49% from 1Q 2022). Net income: ₹42.3m (down 15% from 1Q 2022). Profit margin: 2.7% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2022 Hindustan Tin Works Limited, Annual General Meeting, Sep 28, 2022. Agenda: To consider dividend. Announcement • Aug 03
Hindustan Tin Works Limited to Report Q1, 2023 Results on Aug 10, 2022 Hindustan Tin Works Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹80.50, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: ₹14.30 (vs ₹14.03 in FY 2021) Full year 2022 results: EPS: ₹14.30 (up from ₹14.03 in FY 2021). Revenue: ₹4.14b (up 26% from FY 2021). Net income: ₹151.9m (up 4.1% from FY 2021). Profit margin: 3.7% (down from 4.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 29
Hindustan Tin Works Limited Recommends Dividend for the Financial Year 2021-22 Hindustan Tin Works Limited announced that the Board of Directors at their meeting held on May 27, 2022 recommended a dividend at the rate of INR 1.20 per equity share (12% per Equity Share) for the financial year 2021-22 subject To Approve the Shareholders. Announcement • May 20
Hindustan Tin Works Limited to Report Q4, 2022 Results on May 27, 2022 Hindustan Tin Works Limited announced that they will report Q4, 2022 results on May 27, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Women Director Aarti Sawhney was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹93.60, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₹85.90, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.04 (down from ₹4.86 in 3Q 2021). Revenue: ₹910.8m (down 2.5% from 3Q 2021). Net income: ₹24.3m (down 57% from 3Q 2021). Profit margin: 2.7% (down from 6.0% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹93.15, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 106% over the past three years. Announcement • Feb 05
Hindustan Tin Works Limited to Report Q3, 2022 Results on Feb 14, 2022 Hindustan Tin Works Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Women Director Aarti Sawhney was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹4.39 (vs ₹4.87 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹1.10b (up 15% from 2Q 2021). Net income: ₹46.2m (down 3.2% from 2Q 2021). Profit margin: 4.2% (down from 5.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 14
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 21 September 2021. Payment date: 28 October 2021. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₹114, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 18x in the Packaging industry in India. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 17% share price gain to ₹102, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 16x in the Packaging industry in India. Total returns to shareholders of 50% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS ₹14.41 (vs ₹7.32 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹3.31b (up 9.9% from FY 2020). Net income: ₹145.9m (up 92% from FY 2020). Profit margin: 4.4% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₹85.35, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 13x in the Packaging industry in India. Total returns to shareholders of 4.7% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₹70.55, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 11x in the Packaging industry in India. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 18% share price gain to ₹65.60, the stock is trading at a trailing P/E ratio of 6.1x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 10x in the Packaging industry in India. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Feb 18
New 90-day high: ₹65.60 The company is up 37% from its price of ₹47.80 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 1.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹4.86 (vs ₹1.85 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹934.1m (up 36% from 3Q 2020). Net income: ₹56.0m (up 216% from 3Q 2020). Profit margin: 6.0% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Feb 02
Hindustan Tin Works Limited to Report Q3, 2021 Results on Feb 12, 2021 Hindustan Tin Works Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 01
New 90-day high: ₹62.15 The company is up 46% from its price of ₹42.65 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹57.05, the stock is trading at a trailing P/E ratio of 7.8x, up from the previous P/E ratio of 6.7x. This compares to an average P/E of 11x in the Packaging industry in India. Total return to shareholders over the past three years is a loss of 41%. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 22% share price gain to ₹59.65, the stock is trading at a trailing P/E ratio of 8.1x, up from the previous P/E ratio of 6.7x. This compares to an average P/E of 9x in the Packaging industry in India. Total return to shareholders over the past three years is a loss of 35%. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 20% share price gain to ₹48.75, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.5x. This compares to an average P/E of 10x in the Packaging industry in India. Total return to shareholders over the past three years is a loss of 42%. Announcement • Nov 03
Hindustan Tin Works Limited to Report Q2, 2021 Results on Nov 11, 2020 Hindustan Tin Works Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Aug 06
Hindustan Tin Works Limited to Report Q1, 2021 Results on Aug 13, 2020 Hindustan Tin Works Limited announced that they will report Q1, 2021 results on Aug 13, 2020