Invest With No Fear Of Loss - HINDUSTAN TIN WORKS LTD, BSE Code - 530315
Hindustan Tin Works Ltd (HTW) is an industry leader in metal packaging solutions. It has been providing a wide range of metal packaging tins, metal closures and metal sheets. It is exporting these products and packaging solutions to over 30 countries. Its ultra-modern expanded plant located at Sonepat, Haryana, is producing 26 crore units of cans a year. The company introduced ‘InnoPack’ branded new generation cans in home-line series to the markets.
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The net profit was recorded at Rs 7.12 crore in 2016-17 as against Rs 14 crore in the previous year. In the Q1 of 2017-18, it earned Rs 1.41 crore as net profit. The net worth of the company improved to Rs 79.26 crore from Rs 74.39 crore in a year.
HTW has been consistently paying dividends since 2007. It declared a dividend of 10% or Rs 1 per share of Rs 10 for 2016-17.
The promoters are controlling 40.46% stake in the small equity of Rs 10.4 crore. General Insurance Corporation of India and United India Insurance Company Ltd are holding 4.81% and 5.02% respectively.
As of June 30, 2017, the share (Rs 10 FV) contains a Book Value of Rs 125. Currently it is trading at Rs 95-100 range which is very low compared to the BV. At this price, it is a right investment for those long-term investors who are risk-averse.