HIL Ltd

HIL Limited (formerly Hyderabad Industries Limited) is a flagship company of the C.K. Birla Group is India's largest manufacturer of fibre cement roofing sheets. The stock price closed in the green yesterday, on the back of a good bottomline – net profit was at Rs.8 crore v/s loss of Rs.4 crore in  previous Q3 but lower than Q2 net profit of Rs.9 crore. This was thanks to the ‘other income’ of Rs.12 crore of which Rs.10 crore came in on account of profit on sale of assets. Net sales was actually down 7.5% (YoY) at Rs.198 crore but it managed to bring down costs by 9%. This helped boost the EBITDA by 69% to Rs.11 crore and margins improved from 3.03% to 5.53%. Interest outgo was down 65%.

The company’s net profit for 9MFY17 was at Rs.49 crore and this has already surpassed FY16 net profit at Rs.40 crore. Equity was at Rs.7.49 crore and annualized EPS stands at Rs.87 (FV at Rs.10). Promoters stake is at 40.99%. Listed group company, Orient Paper holds 12.15%. FIIs have a 3.68% stake.