Hind Composite

The company is engaged in the manufacture of Friction Material, Industrial Sealing and Safety Products catering to industrial sectors.  The stock price had zoomed up yesterday on news that its Board is meeting on the 10th of April to consider not just a bonus but also a stock split.

The company had posted a good set of numbers for Q3FY17. Its net sales rose 25% (YoY) at Rs.55 crore and net profit for the quarter was up 33% at Rs.12 crore. The company is almost debt free with interest cost coming in less than even Rs.50 lakh per annum.

For 9MFY17, its net profit was at Rs.35 crore vis-à-vis the 12MFY16 net profit of Rs.39 crore. Thus it is sure to end the current fiscal on a much higher note. Equity capital is very small at Rs.4.92 crore, which will go up now after the bonus. Annualised EPS stands at Rs.96 (FV of Rs.10 as of now). Promoters stake stands at 74.97%.