HINDCOMPOS
Hindustan Composites financials
- Market cap
- ₹556 Cr
What Hindustan Composites Limited does
Hindustan Composites Limited manufactures friction material products, including Railway Brake Block, at its unit in Paithan (Chhatrapati Sambhaji Nagar district, earlier Aurangabad) and at Bhandara, Maharashtra. Per the FY25 Directors' Report, its Rail Friction Material Business was the lead driver of the year's revenue and profit growth. Alongside manufacturing, the company also earns investment income, which the annual report reports separately from net manufacturing revenue.
Segments
- Rail Friction Material Business
- Investments
- Manufacturing plants
- 2 — Paithan (Dist. Chhatrapati Sambhaji Nagar) and Bhandara, Maharashtra
- Business segments
- Manufacturing (Rail Friction Materials) and Investments
Quarterly results
Q1 FY27: revenue up 37.1%, net profit up 16.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 82 | 89 | 15 | 89 +15% | 95 +15% | 18 −80% | 20 +37% |
| EBITDA | 13 | 16 | 16 | 3 | 11 −18% | 15 −8% | 2 −85% | 3 −18% |
| Net profit | 9 | 11 | 6 | 7 | 5 −43% | 7 −39% | 12 +93% | 9 +16% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −20.4% 1Y
1Y: ₹473.05 on 10 Sept 2025 → ₹376.45. High ₹500.25 (12 Sept 2025), low ₹348.45 (30 Mar 2026).
Financials, as filed
Revenue fell 8.6% a year over 3 years, FY23 to FY26. Operating margin held at 14.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹283 Cr | ₹298 Cr | ₹325 Cr | ₹216 Cr |
| Operating profit | ₹41 Cr | ₹51 Cr | ₹59 Cr | ₹31 Cr |
| Operating margin | 14.5% | 17.2% | 18.1% | 14.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹9 Cr | ₹10 Cr | ₹10 Cr | ₹8 Cr |
| Net profit | ₹28 Cr | ₹34 Cr | ₹35 Cr | ₹31 Cr |
| Net margin | 9.9% | 11.6% | 10.8% | 14.4% |
| Cash from operations | ₹16 Cr | ₹40 Cr | ₹30 Cr | ₹21 Cr |
| Free cash flow | ₹10 Cr | ₹4 Cr | ₹24 Cr | ₹-1 Cr |
| ROCE | 4.0% | 5.0% | 5.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹812 Cr | ₹912 Cr | ₹916 Cr | ₹981 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹3 Cr | ₹2 Cr |
| Other liabilities | ₹103 Cr | ₹83 Cr | ₹76 Cr | ₹92 Cr | ₹117 Cr | ₹116 Cr |
| Total liabilities | ₹923 Cr | ₹1.0k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.3k Cr |
| Fixed assets | ₹116 Cr | ₹113 Cr | ₹111 Cr | ₹138 Cr | ₹135 Cr | ₹151 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹0 Cr |
| Investments | ₹687 Cr | ₹796 Cr | ₹807 Cr | ₹872 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Other assets | ₹120 Cr | ₹94 Cr | ₹82 Cr | ₹72 Cr | ₹86 Cr | ₹108 Cr |
| Total assets | ₹923 Cr | ₹1.0k Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 14,936.
- Promoters
- 75.0%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 25.0%
Since Jun 2025
- FIIs +0.02 pp
- Public −0.02 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.0%, DIIs 0.0%, Public 25.0%.Dec '23: Promoters 75.0%, FIIs 0.0%, DIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, FIIs 0.0%, DIIs 0.0%, Public 25.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Hindustan Composites Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Rasoi Limited | 41.65% | unchanged |
| Leaders Healthcare Private Limited (Formerly known as Leaders Healthcare Limited) | 16.76% | unchanged |
| J L Morison India Limited | 7.50% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs - 2 | 3.11% | unchanged |
| Tribeni Charitable Trust | 1.90% | unchanged |
| Dalmia Family Holdings LLP | 1.75% | unchanged |
| Surdas Trading & Mfg Co Limited | 1.71% | unchanged |
| Goodpoint Advisory Services LLP | 1.34% | unchanged |
| Lotus Udyog LLP | 1.28% | unchanged |
| Pallawi Resources Private Limited (Formerly known as Pallawi Resources Limited) | 1.22% | unchanged |
| Pallawi Trading And Mfg Co Limited | 1.18% | unchanged |
| Axon Trading & Mfg Co Limited | 0.73% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Hindustan Composites Limited
Guides on how to read this kind of business and the numbers that matter.