Hindustan Composites posted a fantastic Q4FY16 performance. It reported a super 124% (YoY) jump in net profit at Rs.19 crore on a 68% jump in total income at Rs.68 crore. The excellent performance was purely on operating efficiencies and there is no untoward or one-time gain which helped post this bumper Q4 numbers. Lower base effect most certainly helped.

The company ended FY16 with a net profit at Rs.39 crore, up 50% on a 22% rise in net sales at Rs.183 crore. 63%of its income comes from investments and balance from its supposed main fray business of composites.

With borrowings of less than Rs.5 crore, its equity is very small at Rs.4.92 crore and reserves is at Rs.583 crore, making it an ideal bonus candidate.