Hindustan Composites Limited (HINDCOMPOS.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+136.8%

₹854.39

vs ₹360.75 price

Levered DCF

₹703.90

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.55×	18.36×	17.38×	13.32×	18.06×	19.76×	15.49×	18.54×
P/B	0.45×	0.59×	0.61×	0.4×	0.43×	0.48×	0.21×	0.43×
P/S	1.37×	1.98×	2.01×	1.29×	1.68×	2.11×	0.91×	1.66×
EV / EBITDA	9.71×	11.59×	11.44×	8.84×	11.63×	14×	8.06×	12.74×
Gross margin	36.7%	56.0%	21.2%	52.8%	46.9%	59.2%	51.7%	48.9%
Operating margin	11.6%	14.9%	39.3%	35.9%	6.9%	38.2%	5.7%	8.6%
Net margin	8.3%	10.8%	11.6%	9.7%	9.3%	10.7%	5.9%	9.0%
Current ratio	2.24×	2.37×	2.16×	2.4×	2.29×	3.28×	3.02×	3.23×
Debt / equity	0×	0×	0×	0×	0×	0×	0.01×	0×
Interest coverage	155.25×	606.13×	1,301.07×	800.36×	222.01×	360.23×	45.98×	76.04×
Dividend yield	0.6%	0.5%	0.5%	0.8%	0.8%	0.8%	2.2%	0.3%
Payout ratio	9.5%	8.4%	8.6%	10.8%	13.7%	15.0%	34.0%	5.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.7%	3.2%	3.5%	3.0%	2.4%	2.4%	1.4%	2.3%
Return on invested capital	2.8%	3.3%	9.2%	9.0%	1.5%	6.8%	1.2%	2.1%
Return on assets	2.5%	2.9%	3.2%	2.7%	2.2%	2.1%	1.2%	2.1%
Free cash flow yield	-0.3%	1.4%	0.6%	2.4%	-0.6%	1.3%	-2.6%	-2.5%
Earnings yield	6.0%	5.4%	5.8%	7.5%	5.5%	5.1%	6.5%	5.4%
Enterprise value	₹5.1B	₹6.4B	₹6B	₹3.7B	₹3.9B	₹3.9B	₹1.6B	₹3.3B
Net debt / EBITDA	-0.01×	-0.06×	-0.01×	0.01×	-0.06×	-0.04×	-0.04×	0.11×
Cash conversion cycle (days)	15	-35	-8	-24	-32	-60	61	54