HIND TIN WORKS. GOOD FOR NEAR FUTURE

Hindustan Tinworks (530315) (68.45)
(FACE VALUE RS.10)
Incorporated in 1958, New Delhi based Hindustan tin works ltd is one of the leading manufac￾turer and exporter of high performance can, printed sheets and related components to consumer
marketing companies in India and abroad. Its infrastructural strength, an unwavering commitment
to delivering the best customer experience and stringiest quality measures that are clearly defined,
strictly controlled, and firmly enforced has allowed them
to continuously fulfil the expectations of their longstanding
clients like Asian Paints, Amul, Bikanerwala, DS Group,
Del Monte, Danone India, Haldiram, Nestle India Ltd,
Patanjali, Reckitt Benckiser, and many more.HTW sup￾plies diverse range of aerosol cans, food cans, beverage
cans, baby food cans and can components to a wide variety of foods, beverages, baby food, health,
beauty and luxury companies in more than 30 countries in Africa, Australia, Europe, Middle East,
New Zealand, USA, and parts of South East Asia.HTW's fully integrated and automated manufac￾turing facility is supported by high-speed automatic printing and lacquering machines. The manu￾facturing facility in Murthal spreads over 10 acres (40K Sq. Mt) and houses state of the art ma￾chines imported from countries like UK, Germany, USA, Taiwan, Italy, Switzerland etc.
It has an equity base of just Rs.10.4crore that is supported by huge reserves of around
Rs.127.41crore. The promoters hold 40.46% while the investing public holds 59.54% stake in the
company. GIC holds 4.81%, United India Insurance holds 5.02%, and Subramanian P holds 4.09%.
Its share book value works out to Rs.132.51 and the price to book value ratio stands at just 0.52x.
Company has posted strong numbers for H1FY19. During H1FY19, its PAT zoomed 36.76% to
Rs.4.65crore against Rs.3.40crore on higher sales of Rs.179.4crore fetching an EPS of Rs.4.54.
Currently, the stock trades at a P/E of just 6.5x. It has paid 10% dividend for FY18