About
Hindustan Composites Limited develops, manufactures, and markets fibre-based friction materials in India. It operates through Composite Products and Investment segments. The company offers friction materials, including automotive brake linings, automotive and industrial roll linings, automotive clutch facings and ceramic buttons, automotive disc brake pads, railway brake blocks, and friction sheets. It also provides industrial thrust bearing and insulation products comprising millboard sheets and discs, compestos, and compestos rings. In addition, the company engages in investment activities. It serves various industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, and oil exploration, etc. Hindustan Composites Limited was incorporated in 1964 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap586 Cr
P/E33.50
Div Yield0.51 %
Book Value₹775.00
52w High₹550.00
52w Low₹346.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.05 | 18.05 | 94.51 | 88.58 | 14.62 | 89.15 | 81.83 | 76.95 | 77.15 | 78.57 | 71.69 | 71.72 | 75.70 |
| Expenses | 17.51 | 15.60 | 79.68 | 78.05 | 11.51 | 72.92 | 65.69 | 64.04 | 63.61 | 66.31 | 60.67 | 58.22 | 61.19 |
| Operating Profit | 2.54 | 2.45 | 14.83 | 10.53 | 3.11 | 16.23 | 16.14 | 12.91 | 13.54 | 12.26 | 11.02 | 13.50 | 14.51 |
| OPM % | 12.67 | 13.57 | 15.69 | 11.89 | 21.27 | 18.21 | 19.72 | 16.78 | 17.55 | 15.60 | 15.37 | 18.82 | 19.17 |
| Other Income | 6.75 | 9.59 | -2.91 | 0.00 | 5.92 | -3.94 | 0.02 | 0.17 | 0.05 | 0.22 | 0.01 | 0.64 | 0.06 |
| Depreciation | 0.96 | 1.01 | 2.99 | 2.92 | 0.91 | 2.59 | 2.63 | 2.60 | 2.51 | 2.46 | 2.53 | 2.32 | 2.22 |
| Interest | 0.00 | 0.00 | 0.06 | 0.08 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 | 0.00 | 0.01 | 0.04 | 0.04 |
| Profit before tax | 8.33 | 11.03 | 8.87 | 7.53 | 8.12 | 9.69 | 13.51 | 10.46 | 11.05 | 10.02 | 8.49 | 11.78 | 12.31 |
| Tax % | -4.20 | -6.07 | 24.80 | 29.88 | 8.13 | 37.36 | 18.80 | 11.19 | 21.54 | 20.46 | 23.91 | 15.62 | 18.44 |
| Net Profit | 8.68 | 11.70 | 6.67 | 5.28 | 7.46 | 6.07 | 10.97 | 9.29 | 8.67 | 7.97 | 6.46 | 9.94 | 10.04 |
| EPS in Rs | 5.88 | 7.92 | 4.52 | 3.58 | 5.05 | 4.11 | 7.43 | 6.29 | 5.87 | 5.40 | 4.37 | 6.73 | 6.80 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60.00 | 325.00 | 298.00 | 283.00 | 233.00 | 185.00 | 178.00 | 197.00 | 199.00 | 166.00 | 153.00 |
| Expenses | 51.00 | 266.00 | 246.00 | 242.00 | 199.00 | 158.00 | 160.00 | 173.00 | 165.00 | 129.00 | 123.00 |
| Operating Profit | 9.00 | 59.00 | 52.00 | 41.00 | 33.00 | 26.00 | 18.00 | 24.00 | 34.00 | 37.00 | 30.00 |
| OPM % | 15.00 | 18.00 | 17.00 | 14.00 | 14.00 | 14.00 | 10.00 | 12.00 | 17.00 | 22.00 | 20.00 |
| Other Income | 26.00 | -4.00 | 0.00 | 1.00 | 0.00 | 6.00 | 0.00 | 2.00 | 0.00 | 1.00 | -2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 4.00 | 10.00 | 10.00 | 9.00 | 9.00 | 9.00 | 10.00 | 9.00 | 9.00 | 8.00 | 7.00 |
| Profit before tax | 32.00 | 45.00 | 43.00 | 33.00 | 25.00 | 24.00 | 9.00 | 17.00 | 26.00 | 30.00 | 22.00 |
| Tax % | 2.00 | 22.00 | 19.00 | 16.00 | 13.00 | 16.00 | -20.00 | -5.00 | 11.00 | 23.00 | 15.00 |
| Net Profit | 31.00 | 35.00 | 34.00 | 27.00 | 22.00 | 20.00 | 10.00 | 18.00 | 23.00 | 23.00 | 19.00 |
| EPS in Rs | 21.06 | 23.70 | 23.30 | 18.60 | 14.63 | 13.35 | 7.09 | 11.88 | 15.58 | 15.68 | 12.61 |
| Dividend Payout % | 24.00 | 8.00 | 9.00 | 11.00 | 14.00 | 15.00 | 28.00 | 17.00 | 3.00 | 1.00 | 3.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 5.00 | 5.00 |
| Reserves | 1,138.00 | 1,077.00 | 979.00 | 913.00 | 910.00 | 810.00 | 754.00 | 746.00 | 725.00 | 683.00 | 627.00 |
| Borrowings | 2.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 6.00 | 4.00 | 5.00 | 5.00 | 5.00 |
| Other Liabilities | 117.00 | 112.00 | 94.00 | 78.00 | 85.00 | 105.00 | 84.00 | 89.00 | 88.00 | 84.00 | 62.00 |
| Total Liabilities | 1,264.00 | 1,196.00 | 1,081.00 | 1,000.00 | 1,002.00 | 922.00 | 851.00 | 847.00 | 825.00 | 776.00 | 699.00 |
| Fixed Assets | 151.00 | 134.00 | 138.00 | 111.00 | 113.00 | 116.00 | 122.00 | 125.00 | 122.00 | 124.00 | 120.00 |
| CWIP | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1,006.00 | 962.00 | 872.00 | 807.00 | 796.00 | 687.00 | 616.00 | 608.00 | 605.00 | 536.00 | 470.00 |
| Other Assets | 107.00 | 96.00 | 71.00 | 82.00 | 93.00 | 119.00 | 113.00 | 113.00 | 98.00 | 116.00 | 109.00 |
| Total Assets | 1,264.00 | 1,196.00 | 1,081.00 | 1,000.00 | 1,002.00 | 922.00 | 851.00 | 847.00 | 825.00 | 776.00 | 699.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 21.00 | 30.00 | 40.00 | 16.00 | 22.00 | 9.00 | 3.00 | 3.00 | 50.00 | 10.00 | 6.00 |
| Cash from Investing Activity | -30.00 | -18.00 | -35.00 | -21.00 | -13.00 | 0.00 | 5.00 | -2.00 | -52.00 | -8.00 | -4.00 |
| Cash from Financing Activity | -4.00 | -3.00 | -4.00 | -2.00 | -3.00 | -9.00 | -1.00 | -3.00 | -1.00 | -1.00 | -1.00 |
| Net Cash Flow | -12.00 | 9.00 | 1.00 | -8.00 | 7.00 | 1.00 | 6.00 | -1.00 | -2.00 | 1.00 | 1.00 |
| Free Cash Flow | -1.00 | 24.00 | 4.00 | 10.00 | 16.00 | 13.00 | -4.00 | -8.00 | 43.00 | -2.00 | -5.00 |
| CFO/OP % | 375.00 | 70.00 | 92.00 | 58.00 | 86.00 | 52.00 | 20.00 | 26.00 | 164.00 | 39.00 | 44.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 384.00 | 57.00 | 45.00 | 51.00 | 58.00 | 82.00 | 70.00 | 63.00 | 63.00 | 59.00 | 63.00 |
| Inventory Days | 383.00 | 30.00 | 41.00 | 38.00 | 48.00 | 59.00 | 66.00 | 54.00 | 53.00 | 58.00 | 51.00 |
| Days Payable | 977.00 | 138.00 | 133.00 | 115.00 | 157.00 | 205.00 | 169.00 | 153.00 | 164.00 | 166.00 | 101.00 |
| Cash Conversion Cycle | -211.00 | -50.00 | -47.00 | -26.00 | -51.00 | -64.00 | -34.00 | -36.00 | -48.00 | -49.00 | 14.00 |
| Working Capital Days | 452.00 | 34.00 | 22.00 | 39.00 | 35.00 | 138.00 | 96.00 | 98.00 | 99.00 | 107.00 | 78.00 |
| ROCE % | 0.00 | 5.00 | 5.00 | 4.00 | 3.00 | 2.00 | 1.00 | 2.00 | 4.00 | 5.00 | — |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 2.00 | |
| Dividend | 20 Sep 2024 | — | — | 2.00 | |
| Dividend | 22 Sep 2023 | — | — | 2.00 | |
| Dividend | 21 Sep 2022 | — | — | 2.00 | |
| Dividend | 21 Sep 2021 | — | — | 2.00 | |
| Dividend | 21 Sep 2020 | — | — | 2.00 | |
| Dividend | 21 Aug 2019 | — | — | 2.00 | |
| Dividend | 21 Aug 2018 | — | — | 0.50 | |
| Dividend | 04 Sep 2017 | — | — | 0.50 | |
| Split | 25 May 2017 | 26 May 2017 | 10:5 | — | |
| Bonus | 25 May 2017 | 26 May 2017 | 1:2 | — | |
| Dividend | 31 Aug 2016 | — | — | 1.00 | |
| Dividend | 10 Sep 2015 | — | — | 1.00 | |
| Dividend | 26 Aug 2014 | — | — | 2.00 | |
| Dividend | 22 Aug 2013 | — | — | 1.00 | |
| Dividend | 02 Aug 2012 | — | — | 2.00 | |
| Dividend | 03 Aug 2011 | — | — | 2.00 | |
| Dividend | 01 Sep 2010 | — | — | 7.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=7.5 |
| Dividend | 01 Sep 2010 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=7.5 |
| Other | 03 Sep 2009 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2008 | — | — | — | Annual General Meeting |
| Other | 27 Aug 2007 | — | — | — | Agm |
| Dividend | 24 Aug 2006 | — | — | 0.50 | |
| Dividend | 23 Aug 2005 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Aug from smera
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Rating update25 Sep 2025 from smera
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Rating update3 Sep 2025 from smera
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Rating update5 Jun 2024 from smera
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Rating update8 Mar 2023 from smera
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Rating update12 Jan 2022 from smera